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Sanrith Descartes

Sanrith Descartes

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Shonuff said:
Why not make money on the way down, and then buy on the pullback?
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Because it involves market timing the pullback and I am not a fan of market timing. I would rather chart the technical support levels and stalk my targets until they hit them for entry. I trade "almost" entirely on technical price points unless Fogel Fogel bullies me into overpaying for SPACs 😀
 
Shonuff

Shonuff

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Sanrith Descartes said:
Because it involves market timing the pullback and I am not a fan of market timing. I would rather chart the technical support levels and stalk my targets until they hit them for entry. I trade "almost" entirely on technical price points unless Fogel Fogel bullies me into overpaying for SPACs 😀
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On my swing trades, I don't short, I go long. But scalping, I just want a slice of that movement, up or down.

One thing I've come to terms with over the last few months is shorting. I have always been a bull, but I allow myself to be a bear also. Even when I've been enjoying the run up on AMD this last week, I've taken small short positions also.
 
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Furry

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Shonuff said:
On my swing trades, I don't short, I go long. But scalping, I just want a slice of that movement, up or down.

One thing I've come to terms with over the last few months is shorting. I have always been a bull, but I allow myself to be a bear also. Even when I've been enjoying the run up on AMD this last week, I've taken small short positions also.
Click to expand...
With the fee attached to shorting I'm just not sure I'd ever want to risk it, especially in this crazy environment. To each their own, but seems like a lot of risk to take on expecting to be able to predict volatility, which isn't a gamble I like making.
 
Shonuff

Shonuff

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Furry said:
With the fee attached to shorting I'm just not sure I'd ever want to risk it, especially in this crazy environment. To each their own, but seems like a lot of risk to take on expecting to be able to predict volatility, which isn't a gamble I like making.
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Stocks go up, stocks go down. I've had to retrain my mind to understand that red candle equals profit too. It took me months. 1% up, 1% down, its the same profit. And like I said, some days shorting is much easier. You have to go with what the market manipulator is doing. If the story tomorrow is that markets are selling off, because Florida has had an all time high in covid cases, and the MM is using that as an excuse to short everything into oblivion, I'm following that play. If its inflation is roaring, so the MM shorts, I'm following too.

This month, there are so many catalysts that could push the market down 5% or more. Covid. Also, if inflation is out of control, we'll know it mid month. Remember last month, how badly everything sold off from the CPI report? In any respect, I have bullets waiting. I keep cash on the side, so it can be redeployed based on what's going on.
 
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Sanrith Descartes

Sanrith Descartes

Veteran of a thousand threadban wars
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Shonuff said:
On my swing trades, I don't short, I go long. But scalping, I just want a slice of that movement, up or down.

One thing I've come to terms with over the last few months is shorting. I have always been a bull, but I allow myself to be a bear also. Even when I've been enjoying the run up on AMD this last week, I've taken small short positions also.
Click to expand...
Yep. I don't scalp. I either swing trade, long invest or write some puts so my cash is always working. When I see a bearish sentiment I just scrape some profits off the table and begin preparing for re-entries.
 
Sanrith Descartes

Sanrith Descartes

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Something we have mentioned many times in this thread is that one of the reasons I enjoy investing is that there isn't just one correct path to alpha. There are lots of ways to make the tendies and I like that alot.
 
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Zog

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lossporn2.png

lossporn3.png

lossporn.png


Am I bad person to enjoy loss porn?

Tommy is part of the atlas trading group that exploits its huge userbase into pumping low cap stocks after securing good positions and at the high of the day for a stock to acquire as many bagholders as possible.

Sometimes knowing your enemies is the best info you can have. Quite a few hedgefunds are actively targetting them now to fuck them soon as they get into a trade.

This kind of malicious trading is rampant these days and it makes trading increasingly difficult.

It's like the inverse Cramer strategy.
 
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Shonuff

Shonuff

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Furry said:
With the fee attached to shorting I'm just not sure I'd ever want to risk it, especially in this crazy environment. To each their own, but seems like a lot of risk to take on expecting to be able to predict volatility, which isn't a gamble I like making.
Click to expand...

For the most part, TD Ameritrade doesn't charge fees for shorting, unless its something hard to find. I'm not shorting AMC or GME, I'm shorting boring companies. So its not hard to find shares to short.

TD Ameritrade Short Selling Stocks: Fees & How To in 2023

2023: Does TD Ameritrade offer short selling? How to sell stocks (ETFs) short on TD Ameritrade. Fees and requirements.
topratedfirms.com topratedfirms.com
 
Shonuff

Shonuff

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Zog said:
View attachment 364986
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View attachment 364985

Am I bad person to enjoy loss porn?

Tommy is part of the atlas trading group that exploits its huge userbase into pumping low cap stocks after securing good positions and at the high of the day for a stock to acquire as many bagholders as possible.

Sometimes knowing your enemies is the best info you can have. Quite a few hedgefunds are actively targetting them now to fuck them soon as they get into a trade.

This kind of malicious trading is rampant these days and it makes trading increasingly difficult.

It's like the inverse Cramer strategy.
Click to expand...

I think if you are following a trading group, or stocktwits, or WSB, you are wanting to lose money. I come up with my own plan. Its boring, but these guys trying to make 10% a day usually end up falling on their swords.
 
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Shonuff

Shonuff

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BABA as a swing trade this week? Options imply a 5% move by Friday. I'd be willing to bet bullish. They moved up earnings for a reason. They have something up their sleeve. The question is, does the market care about their surprise, over the geopolitical risk? If I can get at 190, I'm loading the wagon.

Thoughts?
 
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Sanrith Descartes

Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,495
107,551
Shonuff said:
BABA as a swing trade this week? Options imply a 5% move by Friday. I'd be willing to bet bullish. They moved up earnings for a reason. They have something up their sleeve. The question is, does the market care about their surprise, over the geopolitical risk? If I can get at 190, I'm loading the wagon.

Thoughts?
Click to expand...
You already know I am long and added on the dip at 180.
 
Sanrith Descartes

Sanrith Descartes

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I can't speak for other platforms but Fidelity ATP when you hit a quote at the bottom of the window it will tell you shortable shares available. If there are none or very few it tells you this and to call.
 
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