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Finally back home on my trading desk. Working with 4x27" monitors and snappy eSignal charting on my desktop PC seems a luxury compared to my travel laptop trading with 2x USB monitor setup. Good to be home! As far as the markets this week: Gotta be honest, I was really hoping for the big index...

Day trade needs to consider risk vs reward. 2:1 profit:loss or better. Peferably >3:1. Using very strong technical support / resistance levels to base your entries upon. Can't just randomly enter trades and expect to manage r/r. Something roughly like this:

Not just in the US. Here in the UK, I bought a 2016 Land Rover back in 2019. Since then I’ve doubled the mileage and I get a WeBuyAnyCar quote value of about 10% over what I paid for it. Hell knows if I actually sold it myself.

UPST has been an absolute monster for the last month. A name I wish I had held.

^^ It's becoming a self-fulfilling prophecy at this point ^^ Monthly options expiry week seems to shake the markets once a month for a while now.

Long story short.. volume precedes price. You need volume to appreciably move large cap stocks. Volume typically needs some type of catalyst. So I am opening my terminal every morning, looking at top gap movement stocks, reading the news on it for a catalyst, then looking at the chart. So yes...

IPOF had rumors and moved today. I think this gave some spacs a gentle nudge from the dead.

Pretty low volume for a squeeze. 900k shares traded.

Bought the OCT monthlies $25C again here at $1.54 .. I made 100% on this last play and sold when it hit $26.30. I look at this as a free trade. Just trying to trade the range.

Still playing the range with NCLH. Sold at $26 yesterday, just bought again at $24.75 Until we make the real move, I am happy to simply trade the range for cashflow.

Well, good lesson in playing small while learning new trading. Options I have the least knowledge of, but have done a ton of reading over the past 6 months and dabbling with small contracts. Apparenly TOS defaults to 10 contracts and I accidentally ended up going short on UVXY calls (sold naked...

These should be tasty today.

Jobs report is a lagging indicator, to my knowledge. Eviction moratorium ending and Fed Unemployment ending this weekend, people are going to be out looking for jobs. I expect in the next few weeks that number changes drastically.

@Sanrith Descartes For me, I have been bearish on PTON since start of the year. Just made no sense at Dec price levels with vaccines rolling out, heading out of winter into nicer outdoor weather. Who the fuck wants to sit on a bike indoors staring at walls when lockdown restrictions were...

Picked up some UVXY 24Sept $20C options at $2.44 Let's hope people want to risk-off tomorrow before the holiday weekend.

I mentioned yesterday that my only hesitation is the indexes trading at all time highs. I think this is holding back travel play breakouts. Everyone is cautious buying top of index ranges. Also doing some dilligence on other cruise stocks: due to share issuance over the last year, some are now...

FAA grounding SPCE. Strong sells. -$26.50 short position here. Out 1/2 at $25. Out the rest $25.50 .. you really only need 2 or 3 solid trades a month like this to make goals. Less is more gentlemen.

Don't confuse investing with a quick swing trade! I'd never hold this (LCID) long term.

Missed my $15 entry that morning by like 30c. Najarian just mentioned strong unusual call activity on the name and its pushing $18.50 now. Ah well. Good to see a great trade idea pan out, even if I didn't get my entry.

@Sanrith Descartes looks like MA hit 340.55 before a bounce. Been eyeing your 336 support play.

CCL announcing next round of restart plans. Let's go travel boom.

I took a very tiny position on TRVG as I couldn't find news anywhere on it. In the IRA, so has time to work. So far, I am +4%.

NCLH given up its pivot and below $25 again. Also for travel plays, I see TRVG is down 8% today and I can't find news anywhere on it.

Jobless numbers fell again. Fed unemployment benefit ending this weekend and jobless claims at pandemic lows. Who woulda thought!?

So far holding the pivot, even with SPY pulling.

NCLH at a strong daily $25.05 pivot here. Volume has reacted to this level. $26.50+ is breakout territory with declining covid cases and deaths as a catalyst. My hesitation is SPY trading at all time high level here. I would much rather buy on an index pullback. What to do...

@Shonuff https://www.bloomberg.com/news/articles/2021-09-01/covid-hospital-admissions-fall-for-first-time-since-june-in-u-s?srnd=premium&sref=9HT8lz40

Fed unemployment benefit ending this weekend. Curious what (if any) affect it has on the market.

LCID was a good play, just didn't come into my buy levels. It's back over $18 now. Oh well.

Just halted down. Hope you grabbed some profit !

Welcome back. I took all of July off. I should have done the same for August.

LCID, was hoping for a hard sell, but .. just didnt happen. Keeping it on watch anyway.

To add.. 166M shares available to sell from pipe, 44M shares traded premarket.

LCID getting hammered premarket, as PIPE investor lockup expires today. Looking for entries at $15 (psychological) and $13 (technical) support levels for a day / swing trade.

My only reservation is adding with indexes at all time highs. We've been trading in an upward channel SPY for most of the year now. Every time we hit this top of range, we get a good pullback. I'd be far more comfortable adding more on our monthly SPY dip. Admittedly, I am trying to time to...

They’re already under investigation for crashes with emergency vehicles. This is poor timing

https://www.bbc.com/news/technology-58343062?xtor=AL-72-%5Bpartner%5D-%5Bbbc.news.twitter%5D-%5Bheadline%5D-%5Bnews%5D-%5Bbizdev%5D-%5Bisapi%5D&at_campaign=64&at_custom1=%5Bpost+type%5D&at_medium=custom7&at_custom2=facebook_page&at_custom3=BBC+News&at_custom4=FF15A506-06E1-11EC-8E76-8F8696E8478F&...

Nice little DIS pop. I had bought more last week at the 200D support. $175.21 cost basis.

Hoping the market jitters start the overdue correction. Would really like to put some substantial cash in at nice lower support levls.