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The trick is to take those trades that VERY FEW take.
Be as alone as possible.
Then you win all the time.
I wish that was a lye.
But it's not really black and white.
As I posted the other day , it's the numbers that matters.
If only few get home runs AND keep them modestly big, then all good, the casino will let them make and keep the gains.
If the number of winners is too big , or payout to few people is too big, then they will bring in the dirty games to prevent collections..
Quote: "You still think they are going to let you win the options game?
I mean people did...then they just locked em out.
They will never let you win. They can't. You are the revenue stream."
I lost money on 382 calls
I made money on 376 calls
Gains covered the losses
Also covered for my efforts
Inflation is taking everything up, even bad stocks.
Dollar is going to be debased !!!!!!!!!!
Buy calls people!
Buy the dips people!
Make money people !!!!!
You presented no record yesterday, you have zero evidence.
There is nothing to bet on..
Nowhere you concretely said you got calls..
And that's a fact !
No, you didn't..
NOWHERE you said you got calls.
In fact you said ALL YOUR PROJECTIONS ARE DOWN !
In other words ... "forget about longs or calls.."
And that last line about lotto puts and calls HAS A QUESTION MARK to it ... so a question !
Nowhere you said I got calls WITHOUT a question mark.
Quote (#335851): "All my projections are down. Lotto Puts and calls ? "
sure you do, I don't see that post..
"I got calls eod."
Got calls
Not daytrade
Thinking to buy more
Sky is falling
Sky is falling
Sky is falling
Lol
All in good humor my friend.
I'm small peewee status myself.
If you are bellow million dollar per trade then you and me belong in the small league.
It's very simple.
This classification has nothing to do with your actual trading performance.
"Stupid, inexperienced" traders, well, that's a different thing, subject which I did NOT touch.
Think about it logically.
If morning traders (big number of traders) bought 10million shares.
Closing traders (small number of traders) sold 10million shares. (and these guys have the power)...
Where is the pressure?
No taunting, it's serious shit here
It's a battlefield
375 was a good buying point for calls.
(also a sure-fire cover point for puts)
But I wanted 375.00000000ooooo , Not 375.6x or whatever BS number.
In fact I really wanted 374 (some decimals extra here was ok)
Even dared to dream of 373
But now I wait for them to make up their mind. Give my the sale I want , which btw it changes for my models as we progress, so NOT static, or I just hold what I have, no new cash on the crap table.
Still, I buy NO puts !
Only calls at this time , as uptrend did NOT change yet.
One thing I watch -> daily to close bellow Monday.
THAT will be a real bull stab.
As we can see they push the price right back up there , like putting a knife to the bull's throat and watching Janet to blink.
Hmmmmm
No no, don't play games. You didn't call top.
"Topping out" is one thing.
Bu NOT calling a top !
REAL TOP CALLINGS:
THIS is the TOP.
TODAY is the TOP.
THIS WEEK is the TOP.
ONLY ANY of those concrete calls are calling a TOP.
...because hey, TODAY you came and said RETROACTIVELY "THAT was the top."
per your Post #335786
And you also say ... "I felt the top was forming."
That's FAR AND AWAY from concrete calling a top.
And I would agree with "forming a top" , "looks like topping", etc
It could be the top. Who really knows. But we will only know after the fact, later on.
One other important thing is that PRIOR to FOMC the market was going up.
Now is selling ???
Are they out to scare Janet because she's a woman?
SHE is the one with the power, NOT them.
That's just a thought.
it's not just E*Trade sabotaging traders. It's more of them brokers.
people just don't come and say when it happens.
I'm thinking it also have to do with how many traders in that specific broker are positioned to profit. If not many traders are green then that broker will be allowed to function normally so to give an appearance of "NOT criminal conspiracy" as NOT all brokers are down (ha).
But if a broker has too much to pay because too many of their traders are green, then that broker will "have glitches" , go down, slow down, "technical difficulties", yada yada yada.
Next day all MAGICALLY good again.
Now you talk...
The top can ONLY be seen in rear mirror.
ESPECIALLY since there was no resistance anywhere except in intraday.
I did NOT see you yesterday saying anything about "that was the top" LoL
To be clear here - I don't have puts. I carry calls. I plan to buy more calls for the time being until uptrend reverses.
NOT averaging down. I have some other strategies I use.
I didn't like yesterday open AND close selling.
I could not exit my (very profitable) calls even if I wanted to. I worked during the day and during the close. I didn't have much time to study the action during the day either, but was acceptable except open plus close thing.
Open is when small peewee traders act.
Close is when big peewee traders act (usually more weight).
When both align then it's more force.
Enjoy your gains
yes and no.
I don't see any waning. It's actually TOO STRONG..
Look where we're at - yes, that does look screwy , but inflation is so high that SPY at 400 is just keeping with inflation.
Moving averages bullish - well YEAH !!!
"I feel" - I can't go there where people feel stuff. But that's not charting, so who cares who feels what.
Explode higher - it doesn't have to. It's enough to grind higher to 430 (and decay your puts to zero)
Feeling comfortable to get short - That's how I lost bigly too..
I'm not against corrections.
I trade
SPY again red in AH, LMAO
What do you mean by "watch the puts here" ???
YOUR puts ???
Buy puts ???
What ???
Futures down 14 points LMAO..
So another dip tomorrow? Can it be?
LMAO
Com'on Fed, shake in your boots..
"Attacking" is a strong word. No one is attacking anyone.
We poke on trading, and elements of trading.
Don't be so sensitive. This is not a place for fair of heart or mind. This is a no sentiments, no prisoners, only heartless action.
A posting to scare someone to trade THAT is attacking, but posting on reality that's just life man.
I didn't scare you out of your trade. I let it run its course. That is a fact.
No mummy to kiss booboo when you get hurt.
Sorry pal.
But that sensitivity bs aside, you DID touch on something there. Maybe you didn't realize you did.
Quote: "I do hope things return to the previous status quo of normalcy they once were. But until then, I can't rely on the chart to tell me what I need to know."
Assuming you don't bs, then how in the world did you place AN ENTRY and then AN EXIT for your trade today ??
Based on what? Vandal's up and down whining?
it walks like a duck, I mean chart..
p.s. if someone would say something negative about my fkup friday trade and continued fk up today, (which I posted about), it would be right on the money (actually lack of). I won't start crying at all.
I cry enough looking at the fkd up trade, no sensibility left for anything else, just numbness.
("cry" is a figure of speech, I didn't cry, just sweared a lil here and there, normal shop/market stuff Lol)
"These V recoveries are crazy" - I agree
"this bloated POS just won't stay down." - Yes captain obvious, that's exactly what happens when charts and technicalities are in UP-trend, the stock will NOT stay down.
"I'm committed to shorting this bubble." - No you are Not. I don't see you buying and holding puts ! And that's a fact.
Myself I'm committed to what the chart shows, which is in uptrend, so I buy and hold calls.
Also daytrading in same direction.
THAT, is commitment..
I'm not buying any puts yet. You did. You got lucky. It happens.
Enjoy the gains, you need it..
tomorrow new ATH ?
Slap yourself if you didn't buy the dip.
Buy the dip people.
Make money people !!!!!
383 calls HUGE/inflated 40 cents premium with LESS than 30min to go
trading story
Friday I placed an order to buy calls , really REALLY low, then went to work thinking those jerks won't sell me that low.
I was wrong.
The calls dropped 50% or so and did hit my bid.
It even went very green on Friday itself.
I didn't think of it and thought order will expire EOD.
I was busy.
So I went about my business without thinking I have that position.
Today I was relaxed with my stuff, slept in too, didn't care, then opened sssllllloooooowwwwlllyy my stuff, my platform etc.
Didn't care.
Then when I looked at my account I see I'm down quite a lot.
I thought, "what the fuck?!"
I looked at positions, and ONLY THEN I remembered about the Friday lotto/gamble order.
In the morning my position was up like 80%, but didn't care to even look.
In the end I took a loss, between medium and small.
It ate into my last week profit.
fk
But today I took another position AFTER the lows.
It's green , yes.
Live and learn and roll with the punches.
Buy the dip people..
Make money people !!!!!
Lovely
Quote: "The news today that “took” market out of the hole.."
And here I was thinking of support being hit.
:)))
I don't see that new news.
And nowadays with casinos closed the gamblers have to do something.. and the market is right here to serve them well..
old news my good man
But looking at that chart as simple as is and in fairness I can't see manipulation.
The resistances held and held, then one day the resistance was broken (second half of 2020) and only climbing support ever since. So technically I see absolutely no deviation.
You can use even trend-lines with same result.
(Joke) Hey , maybe this is a newcomer to SP500 ;)
I like your conviction...
in between OEPM pivots things happen, variations happens, dips happen.
The OEPM in it's simplistic form does not take those into account.
It's like looking at a bus route. Yes, will get from point A to point E and final point/stop N, but in between the bus goes sometimes in a seemingly random, even inverse manner.
Accounting for those variations and capturing as much as possible from them is essential.
Also, once we understand at least some of the variations, then any negative variation of the "established" variations will make us understand that the final pivot N is denied.
I lost my files. Don't know how or where, changed few computers. But these theses are from my foggy recollection.
So for example each pivot has it's own importance, like departments into an organization. So when it is reached, the way price reacts is either inside norms or negative - this will forecast next expectations. It's like a chart inside a chart or overlaid.
Also the percentage is BS for OEPM concept. Reason is that it will be way too simplistic. Hence a combination between percentage and abstract numbers is better. Just like warranty on a car, 5 years or 100k whichever comes first..
I agree, SPY going higher. Can't tell how much higher, but higher.
Buy the dip.
Make money people !!!!!
I'd buy the first buy at 375 not 365 (too low)
But intraday charts can dictate me other things as well.
For example velocity/ferocity of a move, timing (for example if tag is intraday or end of day), and like NY says, the politico factor.
But so far we are bullish and in uptrend and this is what matters, to be on the correct side of the market.
A bad entry is ok if you are on the correct side of the market.
Higher high today , both intraday and new ATH.
It's similar to a regular business being taxed mid year on gains even though in the remaining time ahead losses can happen..
Or credit losses in mid year while the year will turn positive..
It's NOT Yellen's fault, it's who put her there AND ordered her what to say and do, AND approving of it all !
BUT
If there will be no gains going forward FROM this point on, then that rule is going to be mute.
Say ... in a sideways market..
We can call this day the president candle in the chart.
A drop bellow it will show times for markets are bad under the president.
So therefore "no way SPY goes bellow today???"
Or maybe Joe couldn't care less?
But I don't think so, I think he cares, he has to, if not for his own personal gains (which is to be expected) , then for the sake of the people in the back..
381 to 381.5 I think is support now for TODAY intraday
in other words Buy a dip there
sell whenever you like
Make money people !!!
I'm asking myself,
Will they put the pump on Auto sideways?
or will they put the pump on Auto upwards?
So then they can go and watch the ceremonies..
Well, they can take the remote control with them I suppose..
I wish I had the courage to put the kitchen sink and double it like you did
At least I thought about it tho
good job
Oh my, would you look at that bullish volume
When 390s ?
By this Friday?
I remember in Obama years the market rallied exuberantly.
The talking heads said it was because Obama was a very good president.
I remember Trump coming and the market rallied exuberantly.
Then I remember that during Trump presidency , no matter what the news were, from good to worst possible, yet the market rallied just the same ALL THE TIME exuberantly.
The talking heads said is because Trump is helping "the buddies" , the rich buddies , to get richer.
Then I look now that Trump is leaving and I see the market rallying exuberantly.
Hmmm
THE ONLY common factor here all along is ... "the market is rallying exuberantly"
In that retrospect I think it is quite safe to assume that this "the market rallying exuberantly" will continue just the same..
for me BTC is like a second chance to watch tulip mania live
Captivating stuff
calls for overnight?
Those results point to a low to non correlation imo.
But I wasn't referring to medium to long term , I was referring to immediate to near term. More in line with what NY is oftentimes saying.
Jan 2o is immediate-near term such an event.