Oh I see. Im not even trying to day trade, swing trading instead. Somehow I keep getting btfo'd. If I panic sell I end up either mitigating enormous losses or losing out on a bunch of gains, on occasion I buy/sell/close at a price point where it just crabs.
Heck I want to own 200 shares of SOXL. Own 100 shares (avg of about $200 over last 2 weeks) and sell 1 put to gain the other 100 for hopefully less. Close 1 put at a gain today near top and open a new one as I really want the shares but it keeps climbing. Sold the new put near the top today before SOXL dumped by about $22. Close the put at a price point where my gains from the previous SOXL put are erased. Effectively breakeven and making this pointless. Jeez I've only had 1 very successful move thus far and I failed at cashing out enormous gains. Now all my account does is either crab or dump even after implementing a new strat.
But what if the dip keeps on dipping and you have nothing left to buy the dip with?
Ryan Long
I watched TSLA cup handle and then almost immediately dump.
Gabriel Lee
Literally no one should be or should have been holding TSLA when the options chain was that volatile. You could make 40x gains holding those calls instead of the 10% daily moves upward.
Colton Morris
I bought the soxl, tqqq, and fngu dips.
But they haven't stopped dipping...
Lincoln Carter
So trump says vaccine by August. Guess that means green week even with bad news from earnings left and right ?
Jason Gutierrez
Tell me more. What should I start with.
Jaxson Garcia
What should I do rich anons? I should have sold at 11 am when up $1,500 but I got greedy. FUCK.
(Repost because I wasn't paying attention to the post count)
I don't know about TSLA, but since you're holding stocks, I wouldn't worry. Just wait a few weeks.
Two weeks ago I projected that AAPL might hit 380 around mid July, and over the weekend I was projecting that it might hit 400 by July 24 based on its trend line. Obviously it kissed 400 today. It moved almost 20 points from its previous close.
Don't worry about holding shares.
Brandon Barnes
Everyone was looking rosy as fuck at lunch, what happened?
Newsom at it again. Man am I glad I sold my restaurant stock earlier today. That guy has caused it to dump several times. He was probably one of those mocking trump for wanting to shut down as well.
Brayden Hall
Doesn’t matter trump said vaccine out by August. Wouldn’t suggest taking it tho.
Leo Anderson
When you are trading, and I assume that is what you are doing, you need to have a plan about when you are going to bail, either on the upside or the downside. Personally, I will bail out at either -5% or up 20%. I very rarely alternate from this, unless i am in the middle of a momentous rally, where the end is not in sight.
Getting out early sucks, and getting out with a loss only to see it go back up sucks. But it is a lot better than loss after loss after loss because you don't have a plan.
Camden Butler
Is Amd going to continue fluctuating till the earnings report?
Nobody is sure. Some speculation that the California news caused it (statewide mandatory closures again), but it was more of a panic drop than anything. Imagine a crowded theater. Now imagine one person standing up all of a sudden and shouting, "OH MY GOD!!! HOLY SHIT!!!" and running out.
Ryder Smith
suck dick for more investment capital. T for below $30 dollars is almost certainly a discout.
Jason Rodriguez
>Elon Musk enjoyed the fruits of apartheid slave labour
He was savagely beaten in high school and at age 17 decided to GTFO to America any way he could. He was lucky that he had Canadian citizenship through his mother. Only spent two years there before he hopped over to burgerland.
>Elon’s father, Errol Graham Musk, dropped me a note after reading yesterday’s newsletter. He pointed out that after the incident described in the Ashlee Vance biography, his now famous son “was so injured I never recognized him at Sandton Clinic. He was in hospital for two weeks.”
>Worse, nobody seemed to care. Says Errol Musk: “I laid a charge of assault but the Randburg police declined to prosecute saying it was just “skoolseuns wat rondspeel” (schoolboy high jinks). The school itself was non-commital. Elon was 12. I removed him immediately, driving at first daily to Pretoria Boys High.”
I've seen 2 expectations for WFC. I saw 0.06 and 0.16 for Q2. What will it be boiis?
Isaiah Morgan
Don't worry user, I'm holding calls, your puts will be fine
Asher Wright
Alright frens, this might not be the thred for this, but what will the bank reports this week do to the crypto markets? We saw a 500 point dip before close today, yet bitcoin didn't do anything.
Any thoughts?
Juan Phillips
based
Angel Brooks
The bogs got me today
William Campbell
Is...Is it safe now bros...
WHY DID I BUY THE TOP OF AMAZON AHHHHH I'M DOWN 5% LOST $15 FUCK YOU BEZOS.
NEW RULE
ONLY BUY 1 HOUR AFTER OPEN, OR UNTIL END OF DAY
Camden Morales
how much of a faggot did have to be to have that happen
Robert Barnes
>If you unironically think the market won’t yet again pump because that faggot lied about a vaccine then you should kys this happens every fucking time
>4 EMA's of various lengths >have a scan for when they are in alignment (fastest to slowest or slowest to fastest in order) >wait for the fastest ones to flip >if they then flip back in the direction of the slower ones, enter the trade, set up risk based on a multiple of ATR, let's say 2x
what's wrong with this? i feel like i've complicated things so much lately in my trading, when in reality i should just be taking continuation trades only. which should theoretically be quantifiable just with EMA's. im gonna do some computerized backtesting tomorrow on this but im just curious what you guys think, just throwing it out there. or in general, what do you think of simple but effective trade setups that you just grind out wins with using a simple risk structure based on volatility, especially for day trading, and scaling out?
Jordan Kelly
Chainlink is a scam
Gavin Phillips
Pepsi beat estimates, earnings are not bad so far.
>soxl I know that feel fren. >sold put near top for cheap SOXL >close it as it keeps on dipping >pumps after I close it (pinkwojak.jpeg) >almost sell a new put but refuse after remembering past actions >the dump starts again for a 1/11 value loss in a single day from top to bottom >lost money closing the put but I can technically now get SOXL for less than what my put and loss combined would've valued it at (206 or so) >effectively if I buy now i got it for less than had I held the put and saved 8 dollars per share as well
Not sure how to feel. Nor sure if i want to keep buying. Get the vibe we're gonna have a hard rug pull sometime this year.
TSLA IS GOING TO ZERO, LOOK AT THIS CHART BY SOMEONE WHO SHORTED IT AT $200 AND THIS POST BY A LITERAL SCHIZOPHRENIC PERSON
Bentley Richardson
retarded piece of shit ponzicoiners going ballistic over a 4 year 300% pump while smg has shilled multiple stocks in the past month that went 600% or more in just a few days to a week or two
Carson Rodriguez
AHHHHHHHAHHHHHHHHHHHHAHAHHHHHHHHH
Jayden Phillips
YOU CHANGE YOUR 'FOLIO LIKE THE DOW CHANGES COLOURS YEAH, YOU, S&P LIKE A BITCH, I WOULD KNOW AND YOU OVER THINK ALWAYS DUMP WITH NO NEWS I SHOULD KNOW THAT YOU'RE NO MOON FOR ME
'CAUSE YOU'RE CALL THEN YOU'RE PUT YOU'RE BULL THEN YOU'RE FULL YOU'RE MOON THEN YOU'RE CRASH YOU'RE GOLD THEN YOU'RE CRAP
YOU'RE NIO WHEN IT'S TSM IT'S RED THEN IT'S CRAB WE DUMP, WE SELL LOW WE PUMP, WE BUY HIGH
YOU, YOU DON'T REALLY WANNA HODL, NO YOU, BUT YOU DON'T REALLY WANT A NEW NORMAL
YOU'RE BONDS THEN YOU'RE STOCKS ETFS THEN YOU'RE FUTURES PARABOLIC THEN YOU'RE CRASH YOU'RE OIL THEN YOU'RE CRAP
(...)
WE USED TO BE JUST LIKE BOGS, ON /SMG/ THE SAME TSLA, NOW'S A PUT FACTORY USED TO LAUGH 'BOUT BOBO, NOW YOU'RE PUTS, ROPE AND PINK I SHOULD KNOW THAT WE'RE NOT GONNA CHANGE
(...)
SOMEONE CALL THE POWELL, GOT A CASE OF A MARKET BIPOLAR STUCK ON A ROLLER COASTER, CAN'T GET OFF THIS RIDE
I'd need $100 per day to sustain myself $1000 per day to live happily How much $ would be needed for those kind of daily dividends (split up by the day when they're actually paid out of course)
Adrian Stewart
It was TSLA to 2000 eom AMZN TO 4000 eom
Jacob Johnson
i wouldnt go to france
Zachary Stewart
What's with this Jewish psyop? Is this a coordinator attack of sorts!
I don't even know what the fuck is going on anymore, market is close, shit day, going to fap on gif see ya faggots
>Wouldn’t suggest taking it tho. This. Somehow they couldnt make a vaccine for this kind of thing for decades and now suddenly they can? Seems fishy, would not take at all.
Noah Ortiz
Divvies are for millionaires then
Jaxson Gutierrez
Approx tree fidty
It will recover to $0
Lincoln Hall
ngmi
Elijah Hill
don't get greedy again? seriously, $1500 a day if a lot of money wtf is wrong with you.
Jason Watson
Had a schizo freak out today lads
FM radio picked up some fuckers phone call while I was in the drive thru and I could hear it all while the radios music was in the background partially. He was talking about his dog bengi. Sounded like a cop.
All in all, I initially became wildly paranoid and no I did not get my mcdonalds Im lucky I was able to calm down. Once my internet went out and I saw a van outside and panicked and hid in the woods for like 2 days barefoot. Not good.
Fuck man. Did I have a right to get paranoid about that?
Juan Jackson
I got a feeling that tomorrow is going to shake out all of the people that jumped in today
Julian Morgan
Depending on how those shake out, we could also be BLOOD GREEN. However, it's best to watch from the sidelines until the weekend.
Kevin Robinson
that's why you reinvest your dividends into stocks and watch compound interest snow ball
Dominic Johnson
Good point. Still formulating the new plan but had I done that I'd probably be up 2k today. Rather than down 2k.
Joseph Gomez
threadly reminder that dividends are for RETARDS so is oil stocks bank stocks tanker stocks gold stop being a retard that can't even beat s&p already. RETARD.
Robert Collins
Yep, I'm staying out this week. Only gamblers are in right now
Christian Anderson
Jokes on you bro I only buy uvxy
Caleb Howard
They're rumoured to be awful. It makes sense considering that they are having to hand out trillions in loans. Personally I am 100% cash too.
Jayden Scott
what the fuck are you doing with 1000$ a day
Michael Flores
I held PEP over the weekend and they beat earnings and the market still dumps
Connor Ortiz
I wouldn’t take a vaccine for ANY disease that was rushed out in, what, three fucking months? Lol fuck outta here
Matthew Evans
>it was more of a panic drop More like an algo induced drop as most if not all regular people on here couldnt figure out why stuff was dumping.
Matthew Jackson
>outdated picture Reminder that gold miners have already mooned 3x or more. It is taking a huge dump on the SP and ate a big meal to do it again.
