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JPM earnings werent that great. I think the 2022 increased rates is a good thesis on the stock. Premarket right now is in an interesting spot. The 20D, 50D, and 100D are all on top of one another here around $163. Worth a punt taking a new position here.

This was my buy level on the 10th. The daily candle today looks brutal though.

Big downs like this and open tomorrow with a gap down. Usually provide the best buying opportunities. If we get some panic selling at the open, we can find a bottom and probably come out quite profitable tomorrow. These are my go-to plays for cash generation.

SPY feeling awful heavy here. 5th test of 50D on the 5min chart and we have a while before market close.

My take though is the SPY 50D stopped the selling, nothing to do with the QQQs. I honestly expected SPY to slow its sell at the QQQ 100D, but it just drove right through it without pause. QQQ came back up and tested beneath and rejected. But the two charts are nearly identical in shape.

QQQ blew right through 100D SMA without stopping. SPY 50D SMA has been our support (so far).

I am not arguing with you on this point. There was fantastic opportunity. But we are talking about capital preservation from Nov 6th at the onset. Quite literally before anything Omicron had truly been digested in the US. Your take was that pandemic was over and the Pfizer will was here to save...

From 12/10 to 12/17 there was a -11.5% drop in NCLH top to bottom of those dates range.

Your exact words are what I warned you of though. "world freaked out" .. sentiment is everything in trading. You were 100% against the market when they got spooked out of travel. The reality of the situation is meaningless when the news cycle is shoving case numbers down viewers throats every...

The point was, I didn't need to eat a massive drawdown on the start of the mess from early November. I cut my winners, shorted a little bit, and finally re-bought once we started putting in lows and news got better. My NCLH calls have given me 18% realized gains YTD in my IRA while only...

@Shonuff The first part of being a better trader is critically looking back at your trades. Revise your trade if the thesis changes. No matter what travel play you were in, you took a massive drawdown. I sent you a message on November 6th about this. Attached are two charts where I basically...

My advice on this stuff (if youre trading, not investing) is to set yourself a profit target, but scale profits along the way. If you hold the whole balance, you may never see the full move only for it to reverse on you. Nothing wrong with taking some off the table while you wait for the...

Paper trading is fun.

Not sure about the validity of this site? Where is that info pulled? My broker has no issue finding shares to short. (And quite cheaply too)

Speaking of drawdown. Below illustrates the importance of cutting losers. Especially when the thesis behind your original trade plan has changed. Full read: http://shurwest.com/wp-content/uploads/2013/08/The-Math-of-Gains-Losses.pdf

Per your posts, you were "deep into reopening" plays back in first week of Nov when I PM warned you about the sector on new variant news. How much drawdown have you taken since then?

NCLH on a tear today. UK Omicron numbers falling off for days now. Officials claiming we are past the peak. As I said days ago in this thread, my guess is the US follows in 1-2 weeks. Travel all seeing a boost on this news.

Keep in mind, MTTR lockup expires Jan 18th. (Insiders can sell their shares on/after this date)

For fucks sake... (D) Menendez: "Diversity problems at the Fed" :mad:

JPow speaking live (being grilled) in front of the Senate confirmation hearing.

Not to say we dont have a change of heart and start plumbing deeper depths, but these type of trades tilt probabilities much farther into your favor. Also up 7% on more NCLH calls (tight leash on these). >4% on LABU >2% on UPST >2% on MSFT All purchased when we hit support today.

This should be no surprise given premarket talk about technical indicators. Guess where we bounced? The macro SPY ascending support trendline, where I executed a longterm buy and a TQQQ daytrade. (We discussed QQQ macro support trendline premarket). Simply more of the technical analysis...

Their crystal ball is likely the same guesswork as Mr. "everything rally" on CNBC you were posting on here the last 2 months.

^^ Just a buyout. ^^

BTC under $40k

Great friend of mine has dubbed the last month as "a bear market masquerading as a bull market", which I find perfect considering how many names are 20+% down off of all time highs, while the indexes have traded near all time highs. There are a few outsized weightings (AAPL being main culprit)...

TSLA giving up $1k level again in premarket.

To further validate technical analysis: For those of you watching technicals, the premarket QQQ hit (to the penny) the longstanding Ascending Support trend line from Oct 2020 . Every QQQ pullback of any significance over this entire period has exactly held this support level. This is fairly...

In a normal market, they shouldn't be exclusive of one another. Basically what @Sanrith Descartes has been preaching for ages in this thread. Find a company that is solid in their balance sheets (Fundamental Analysis), then using Technical Analysis to identify your ideal entries. Pullbacks to...

Not exactly. It's just a self fulfilling prophecy of which day traders have trade around chart patterns. Algos are programmed based on the human behavior, then we adjust to algo behavior and it all becomes somewhat predictable. The shitstorm is on the fundamentals side. The 2020-2021 newer idea...

As a previous telecoms engineer, it wasnt really about the fact they built their own as much as it was the optical distance shortening. Normal high speed fiber lines still snake and weave around natural and manmade obstacles. The Flash Boys effort was all about a "at any cost" direct linking...

My gut says we have 1-2 more weeks maximum before Omicron burnout. (No one left to infect here in the UK) The USA will likely lag this data by a bit. Once infection numbers start to come down, I think we get the real travel relief move. Yet keep in mind, hospitalizations are a trailing...

Been scaling in and out of NCLH Mar 22.5C options. My IRA is up 17% realized gains YTD. Only used 25% of my cash Buying Power. Options really are the crack of the trading world.

Hey, employee here. TSLA is part of our hard to borrow program. Essentially some stocks are super volatile/we may have to have other firms lend us shares, so they're not shortable unless you're enrolled, even on a margin account. The requirements are to have a single account (not split) worth...

Not trying to call some BS forum drama... but .. maybe I am. ToS has restricted TSLA short trades without utilizing their HTB program for as far back as I can remember (well back into 2021). Today you claim you can't short TSLA and didn't even know the HTB program existed. @Shonuff Are you...

Flashy youtube videos.. preferably with (rented) lambos.

Christ no. Those are basically pump and dump clubs. The leaders of those hacks are positioned before they call something out, then sell on the call out bump. Typically trading low float / penny stocks that move with little volume. They are the modern day email / phone text clubs of yesteryear.

As great of a platform that TDA is, it really isnt great for day trades. First off, they are selling for order flow (thats your commission "free" trades). On top of this, it is well known to lag a bit on market open. As well as Fidelity and others. Lightspeed is a professional platform, but...

ToS platform hotbuttons. Literally just made the trade to prove a point. ToS is my swing trade platform and I am typically using manual entries (on the ladder). Lightspeed is my daytrade broker and I absolutely use hotkeys as well as a custom programmed StreamDeck.