I took the opportunity to get far away from the screens this weekend. Thoroughly enjoyed it.
I was hoping for a better market set-up here today, but it looks like we’re heading into some quiet grind. I just picked up some NQ at 4143.5…we can start there.
I’m trying to create a new list of stocks to trade this week. If you have anything compelling, post it in the chat and let’s get to work.
OA
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Short spy until we touch 1820
E.I.A. inventory on Thurs along with Natgas.
Unsure if A.P.I changes their release on holiday weeks.
$AMCX has been strong amidts the weakness and not a horrible looking chart IMO. Good for a long term portfolio.
man I am so ready to dump this VMW , STILL think its worth holding? ever since ER ive been looking to cut the cord.
Oh man, probably.
Why do you want to hang on to this dog? Sell it and keep your money for the rainy days ahead and plow it into a quality company.
I posted here a year and a half ago to get out of VMW, now it’s worse.
Always a good sign to see a piker piking .
Me?
just laughing “piking”
“I just piked up “
Shit, I am a piker.
Last NQ attempt today at 4100, stop 4090.
use FX leverage to short CAD/JPY?
that essentially ::
short (higher oil & CAD rate decision) / long (lower stocks)
I’d like to start legging into a long-term position in oil. Is USO the simplest way to do this?
Or a solid oil company. Before getting into any of the ETFs / ETNs make sure you know how they work and the possible tax implications.
Russell getting smoked. Should’ve got puts on iwm instead of SPY. Guess Fridays relative out performance meant nothing
Russell got smoked Friday too.
Hmmm… Tried to state RELATIVE performance but guess wasn’t clear
Apparently it didn’t matter.
Look out below…..
Bye-bye paper profits.
Let go of more SCO 215.75
Let go of more TZA 66.30.
Hmm… Really? Was thinking of adding some sco
I added to SCO on Friday around 193 so I let some go.
Oil is severely damaged. I’ve seen $11 Bbl. Don’t say it can’t happen again.
UWTI is on death watch.
OEW confirmed Bear Market … keep selling the rallies.
I saw that. Man, that is pretty close to call.
So numb at this point. Stocks go up and down and sometimes you will be right on the direction and sometimes you will be wrong. I’ve seen and been on both sides. But I’ve never seen the carnage going on in commodities. It boggles my mind that the Fed talks about inflation. My “thesis” has been that commodities can’t go to zero because there is a finite amount of them. But the way they are trading it feels like that’s exactly what will happen (joking… Right? Right????)
Just curious.. how many here trade as their principal source of income? Y or N?
Bought labu 10 mins before close and already down 2% #fallingknife
Because LABU was relatively strong?
Nope , just trying to catch a falling knife. Wow, amazing you don’t understand the concept of “relative .” Cuz it was relatively weak compared to others. Haha.
Too many people trying to catch the knife. Just step aside man. I moved to cash two weeks ago after losing on about 75% of my trades over a 2 month span. Sometimes the market just wants to go lower and its best to step aside
Oil at $29.5 is fucking dangerous man. I don’t pretend to know what the market knows. I just am trying to be in cash for really panicky times. This move lower seems to lack panic which is even scarier to me
That seems to be the best strategy. Just throwing away money in longs at this point
We’ve been collecting NQ points in fashion. Almost 200 in the last two weeks. +35 today.
Guess that’s a subscriber’s benefit
Fuck that, I posted those here in real time.
That’s impressive. At least you have that to offset any DIS, V or WEAT losses.
how many people at the retail level can actually trade NQ?
Everyone can trade NQ.
Buying the open??
Rush in and then rush out with a thinner wallet. What’s the urgency?