*** ALL THINGS MONEY >>>> ATM ***

[reaper247]

Hey there Agent13,

Thanks for the thought. I do like the charts and especially like the ATM board because so many get posted here.

The perspectives are what make this board interesting IMO.

Nobody looks at the charts the same way and there are subtle differences between a DA chart, an L-Back chart or a griff chart.

We all have charts that are set up based on how we trade.

I haven't tried to be a scalper or swinger for a long time, so I look at charts a little differently than more active traders.

I really believe that even a chart Jedi master, no matter the time frame for a trade, is only gaining a slight edge over the market.

In fact, I tend to trust OTC charts more than big board charts, which is likely to get me a noodle whipping from some here.

The reason being is that OTC stocks don't trade after hours like big boards. A lot of people see those t-trades settle after close and think it is A/Hs trading.

A year or two ago, I had a long straddle on an Apple earnings call. Paid the higher premium, even though it was high and when those earnings were released after the market closed, it tanked in after hours trading.

It ended up being a dip of almost 10% after hours that would have netted a nice gainer. Really nice gainer actually.

I slept the sleep of angels that night, only to see it bounce back to even in pre-market trading and trade sideways into the close.

I lost premium high and low as the contracts expired worthless a couple of days later, which sucked.

The real lesson for me was that the Apple chart should have shown the long shadow from the dip, but didn't because the dip happened after hours.

If that chart candle had shown the long shadow like it should have, AAPL stock trading could have been very different from there.

Some chart guys don't see stock weakness or volatility because after hours and pre-market trading isn't accounted for on any chart site that I know of.

Short story long, scalpers and swingers (the cool kids,) don't have to worry about it. I tend to be a longer term trend trader (nerd,) and believe that if you are holding a trade longer term, the charts can lull you into a false sense of security if you don't watch after hours trading.

Sorry for the long post.

Just my thoughts.

IMO and FWIW.