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Picking an arbitrary day to buy in is nonsense. We could bounce hard overnight and you've missed great prices. The key is buy starter positions at key levels of support, leaving critical cash on hand in case we move lower. Like today I buy 50 shares XYZ stock at the 100D, but knowing key levels...

Jim Chanos on CNBC right now poopooing all over WYNN with $40 pt.

SPY initial bounce off (near) 100 day support.

Politics aside, a flight ban for the unvaccinated could have positive consequence in making others feel more comfortable to fly. The unvaxed are the minority, but does make many people uncomfortable. Some cruise lines (Norwegian) have been asking to make cruise travel vaccine required. FL...

SPY chart I am looking at now. Next week is going to be very important. Either buyers are coming in to pick us up, or we can really open up to some continued downside. Notice today's sell volume was the highest we have seen since July 19th. Also to note, this is the furthest we have broken down...

(Posted from Wednesday) Color me shocked with today's market action.

Completely depends on your broker. Easy to borrow on Lightspeed. HTB on ToS.

Conversely, if we start a downward trend, those mega cap sells will also swing the indexes. Under the surface it seems a lot of bigger names have kept things afloat. Under the surface, we have had a lot of corrections in individual names with lesser weighting. I don't want to have too many chips...

Yep, I've seen the same monthly options expiry weakness. This time feels different with the market action of the last week. I feel lunch chop coming on. Perhaps more direction (or continued indecision) into power hour today. Tomorrow will be the real test going into the weekend. .. Also hard...

This is exactly what I am sitting and watching.

Here is what I am seeing on the SPY. Bounce that was near yesterday's low and a pivot, but overall an inside day (today's daily candle was entirely within yesterday's). Also of note, the volume (bottom of chart) was lower on today's green bounce day than the previous 3 red days. Not exactly...

From Feb 26th Wish I held this from $9.xx longer term! hah

Fucking SPY. Just get this correction over with already. Of note, today's green SPY volume is likely lower than the previous 3 red days. Light vol buying can easily reverse. Should be a fun Friday.

Each prior month selling (usually options expiry week) has been a quicker and more emotional move, followed by dip buyers coming in and taking us back to the highs of the ascending trend range. Rinse and repeat each month. The concern I have here is that the last week's selling has been a more...

CPI data in better than expected. SPY goes boom.

#1 Covid outbreak in the province where Macau is located / locked down. #2 Macau gaming / casino licenses.

@Shonuff WYNN down 4% premarket on news.

Morgan Stanley gave Lucid (LCID) an underweight rating and $12 price target. Currently down 5% premarket at $19. https://wccftech.com/tesla-permabull-adam-jonas-pukes-on-lucid-group-lcid-prospects-with-a-12-price-target/ Morgan Stanley initiated coverage of Lucid Group with an Underweight...

Also depends how close to the coast you are in FL. Visited a good friend of mine a couple weeks back who lives a couple blocks from the ocean on Indian Harbor (Melbourne, FL). I was curious and asked about home insurance and he said flat out the only insurance is from the state. No companies...

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.