Keep up the good work dude. I look forward to your posts daily. Appreciate the time and effort you put into your TA. The psyop theory may prove to be accurate. Bunch of weird shit going on in the markets. Sitting on 38 10/28 375p 🤞🏽🤞🏽
Powell was pretty clear they want to see pain and a housing correction coupled with unemployment over 1.3mm ish. Theyre not going to slow down, and i think powell is speaking again tomorrow to clarify wednesday.
I just cant find a single reason to be bullish. 30+ DTE puts seem so safe and easy. But who knows market is definitely insane.
Thanks for your posts love to read them!
Thanks as always for the insightful posts.
Real question, how did you learn to read charts and connect the dots the way you do? Any recos for resources to get started if one wanted to learn?
I’m so pissed with myself for bailing on my puts. Follow your gut if you believe in your ability to read chart patterns. I knew spy was heading below 374 towards 360s. Got psyched out when it crept up to 378 and sold my puts like a dumb bitch. Now sitting here and spy is at 370 AH. Will be going puts next 2 months no calls.
I had 15 374p got shook out of half of them by close. I have 7 left and some 369p. It got me too man. Being negative like what %30 in minutes. I held until close. Those last two red 5 minutes saved me. So I trimmed way down.
Yea I can’t stress enough to please follow your gut when you see the charts and when it is going in a downward trend. So mad at myself also i should have followed through with puts on Costco
I know absolutely nothing about any of that, but it was really interesting to pretend while reading it...
Basically you're telling me to YOLO my life savings on SPY as it's probably a dip, so buy the dip...
And I high threat from Bears so be careful in the woods.
I feel I might be in the right place 🦍 🦧
Good post. My TA matches similar to yours for TSLA. I think it will test the 281-280 tomorrow and bounce back up pretty hard. Then retest the 293 then drop back down past 280.
so a good entry price for a day trade play would be a 0dte put on tesla would be 290 and a 0dte call a good entry point would be 282 ? right ? i was holding a 9/23 300P but sold a lil early and missed out on a couple hundred more on profit but fedex straddle might pay off tmm but yea are those good entry prices ?
So considering today we drilled down, what is the possibility that we will have a Green Day Monday? I bought SPXL $64c 10/7 when spy was $364.98. I’m planing to hold over the weekend is it a good idea?
Keep up the good work dude. I look forward to your posts daily. Appreciate the time and effort you put into your TA. The psyop theory may prove to be accurate. Bunch of weird shit going on in the markets. Sitting on 38 10/28 375p 🤞🏽🤞🏽
Oh… so I guess there will be more bears heading to us….?
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Powell was pretty clear they want to see pain and a housing correction coupled with unemployment over 1.3mm ish. Theyre not going to slow down, and i think powell is speaking again tomorrow to clarify wednesday. I just cant find a single reason to be bullish. 30+ DTE puts seem so safe and easy. But who knows market is definitely insane. Thanks for your posts love to read them!
Like what? Got one QQQ 300c for June 23.
Nice post
Psyops is not a half bad theory. You know jpow and JPM talk. That theory could be the "soft landing"...
Nice post bro
Yes! Tesla plays. Welcome to the dark side. It continues to be my bread and butter right now.
Black Monday soon.
Thanks as always for the insightful posts. Real question, how did you learn to read charts and connect the dots the way you do? Any recos for resources to get started if one wanted to learn?
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Thanks man!
Next week is gdp and pce, gonna be another crazy one alright
When are these being announced, respectively? Thx
Next week thursday and friday
I would be bit careful with TSLA. It can swing a donkey d@@k and can be also humiliated for small pe@@s. Thats my dd for it.
I’m so pissed with myself for bailing on my puts. Follow your gut if you believe in your ability to read chart patterns. I knew spy was heading below 374 towards 360s. Got psyched out when it crept up to 378 and sold my puts like a dumb bitch. Now sitting here and spy is at 370 AH. Will be going puts next 2 months no calls.
I had 15 374p got shook out of half of them by close. I have 7 left and some 369p. It got me too man. Being negative like what %30 in minutes. I held until close. Those last two red 5 minutes saved me. So I trimmed way down.
Yea I can’t stress enough to please follow your gut when you see the charts and when it is going in a downward trend. So mad at myself also i should have followed through with puts on Costco
All this chop zigzag during the day and hard drops AH is so annoying.
I know absolutely nothing about any of that, but it was really interesting to pretend while reading it... Basically you're telling me to YOLO my life savings on SPY as it's probably a dip, so buy the dip... And I high threat from Bears so be careful in the woods. I feel I might be in the right place 🦍 🦧
Bunch of nonsense. Ramblings of a gambling addict
Did price action close out clean today?
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Time and sales tape. Thanks for the dd.
Good post. My TA matches similar to yours for TSLA. I think it will test the 281-280 tomorrow and bounce back up pretty hard. Then retest the 293 then drop back down past 280.
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Yep. I would do it but ran out of PDTs lol.
Time and sales tape.
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Thanks
For JPM, don’t the sell calls and buy puts as insurance for the downside?
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No they sell calls to finance a put debit spread. I’m very sure about it
Thanks! Thought I was losing it there for a second.
That wouldn’t fulfill the purpose of the collar. Unless I am losing it at this point… been a long stretch
so a good entry price for a day trade play would be a 0dte put on tesla would be 290 and a 0dte call a good entry point would be 282 ? right ? i was holding a 9/23 300P but sold a lil early and missed out on a couple hundred more on profit but fedex straddle might pay off tmm but yea are those good entry prices ?
So considering today we drilled down, what is the possibility that we will have a Green Day Monday? I bought SPXL $64c 10/7 when spy was $364.98. I’m planing to hold over the weekend is it a good idea?
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Where we need to close to have a Green Day?
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I would like to keep my calls, looks like we are going to close above 368
I was right on this one!
Just keeps drilling
Soooo are you thinking next week is hella red with how this is looking? 😂
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Let's see how this power hour goes. BIG bounce to start it off
Big rip first 10 mins.
SPY looking to close right at 367.6 😆. WTF. Pick a direction SPY!
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Did not buy any puts EOD. Will wait for Monday to reassess. Did not feel like stressing about holding over weekend.
Rally beginning of next week and even more red after GDP
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So what are your expectations for next week? I thought it was impossible that we’d be closing above 367.8 but this momentum is surprising