Replies to post #330805 on SPDR S&P 500 (SPY)

[Kobe Ginobili]

Those who run the show have advanced AI/Machine learning that use a mixture of technical and psychological tactics to make it very difficult for standard otc/smallcap trading techniques which are generally extremely reliable to work. To sum it up the trader can be trading textbook 100% correct and still get blown out hence gotta have stops in as soon as I take position.

At least this is from a high frequency options daytrading perspective.

When I trade options desire maximum volatility and clear horizontal sup/res and generally small size allows me to protect that days profits/profits derived from non-SPY.

From a non pure HFT options perspective scaling in incrementally over historical key timeframes to indicate days trend ie adding "X" contracts every 5,10,15,20,30 minutes etc. mitigates the extreme "intra-minute" volatility factor.

The basic key zones on the 1 day chart generally serve as a guide yet from my observation advanced psychological strategy and AI/ML renders a lot of sound tech strategy obsolete which serves those who are behind the movement perfectly as they capture maximum capital and make it harder for others to consistently profit (all depending on strategy - I can see a multiday swing strategy scaled every 2-3 hours being a way to mitigate short term ie minute/hourly volatility.

I had strong success earlier in year on the large drops ie when market was halted had short term PUTS (off memory 3-4 days to expiry) yet once I initiated the same methodology and the mechanics shifted stopped it immediately instead of giving up profits.

[Kobe Ginobili]

Friday I started scaling final 30 seconds 11.4 exp - I was going to take calls on the clear increasing H/L leading up to that spike yet from a technical macro perspective my foundation was short biased and had been hit over the head on a failed reversion play end of day several days ago think Wed? when they spiked it hard final 15 minutes then dropped it hard final 3 min - I kept on loading 11.2 calls even when it set a new LOD and ended up taking half off in AH for loss - held rest overnight - figuring Day 3 -900pts get a 200-300pt+ move up to make up the loss.

Watched it go Green/Red in PM ended up taking rest off for larger loss with the time decay near the open - it held 325 then grinded up intraday.

Friday I added some more in first 2-3 minutes AH nearest 2 PUT strikes and covered around 4:07 or so EST off memory both of them for essentially a scratch trade as was figuring would see at least .50-1pt reversion in AH from such an odd spike.

Perhaps without having the loss Wednesday - would have rescaled final 2-3 min in AH some 11.4 PUTS - figuring good odds gap down on macro and low risk of strong positive catalyst - seeing as where the stimulus is at.

[Wishthiswasmyjob]

And as we discussed a couple of months ago,
Right now, Silver is undervalued, when compared to gold and historical prices.

If I wanted to park money long term, it would be here, where they have a physical ounce stored to justify the price, unlike SLV.
We can see on the chart, back when gold topped, silver took off like a rocket and actually then far outpaced it, before falling.

I am always watching for a chance to grab SLV calls because when they do crank back upward, calls a month + out, will be... it'll be a 10 bagger +.

PSLV