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Sanrith Descartes

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I have this game I play with SPIR and PYPL.

1647362921042.png


Marvel Balance GIF
 
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Sanrith Descartes

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For those playing at home, PLTR came out priced at $10, was bank valued around $7.50-ish and it hit a low of $8.20 on like day 2 or 3 of trading.
 

Sanrith Descartes

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Reasons I don't like it is poor breadth and positive vix

These things can change rapidly but need to see some improvement


edit.. I did just buy some DIS @ $129.75

I have orders in on NVDA, FB, AAPL, MSFT, GOOG, CRM, and AMZN but at conservative bids here until I can see some better buy signs.
What price you looking at for FB?
 

Jysin

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I wanted 185 but I dumped all the individual name trades and just bought QQQ
This is the way to play when markets get really beaten up. Forget trying to pick the winner and get on the index.
 
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Il_Duce Lightning Lord Rule

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Fed has to continue on their plan with rate hikes, right? Question is, does that tank things or is it already priced in?

I've seen a few predictors state that the fed announcing rate hikes plus tapering is what gets us the leg down to S&P 3800 to fulfill the prophecy of 2018... so to speak. I think that makes sense, which is why I'm extremely skeptical that it might actually happen that way: nothing makes sense it seems.
 

Sanrith Descartes

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Fed has to continue on their plan with rate hikes, right? Question is, does that tank things or is it already priced in?

I've seen a few predictors state that the fed announcing rate hikes plus tapering is what gets us the leg down to S&P 3800 to fulfill the prophecy of 2018... so to speak. I think that makes sense, which is why I'm extremely skeptical that it might actually happen that way: nothing makes sense it seems.
There is a consensus that the market prices in "expected rate moves". So on any given day you can find the percentage estimates on rate moves. Last I recall is 7 rate hikes priced in by the end of the year. So its when the Fed changes this narrative somehow that the market readjusts.
 
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Blazin

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Fed has to continue on their plan with rate hikes, right? Question is, does that tank things or is it already priced in?

I've seen a few predictors state that the fed announcing rate hikes plus tapering is what gets us the leg down to S&P 3800 to fulfill the prophecy of 2018... so to speak. I think that makes sense, which is why I'm extremely skeptical that it might actually happen that way: nothing makes sense it seems.
It's unpredictable at this point. The Fed message however is predictable, they are going to raise and give us lots of language about data dependent. Not on autopilot etc. May be some drama over the dot plots. I think the market might rally after the raise, sentiment is very low. I'm trying to position for both binary reactions tomorrow.
 
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Hateyou

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Man BABA is back at its 2016 price. That’s one giant turd of a crown jewel you have there China.
 
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Sanrith Descartes

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Man BABA is back at its 2016 price. That’s one giant turd of a crown jewel you have there China.
Me cutting bait at $190 doesnt feel so bad now. And this is yet another reason to cut your losers short.
 
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Asshat wormie

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Found out yesterday that my dad moved his retirement account into bonds in 2008. Said he wanted to put his money into something safe and saw the word "Fixed" as in fixed income. :: picard::
 
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Zog

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Looks like I sold too soon... but it is what it is. Tomorrow will be an interesting day, I think were going to have a crazy rally tomorrow.
Screenshot 2022-03-15 155904.png
 
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Blazin

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Looks like I sold too soon... but it is what it is. Tomorrow will be an interesting day, I think were going to have a crazy rally tomorrow.
View attachment 403451
That was not a bar to sell, but I guess you know that now. When you see you were wrong why didnt you just buy back? Don't ever let an exit from a previous trade play into what you do after it.
 
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Zog

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Im hoping we get a nice dip with some risk off just in case before the fed .25 nothing burger.

Going to be an interesting time when the fed starts selling their MBSs and bonds, what it might do to the housing market.

I assume when that happens the bond market yield goes through the roof, that should be a bearish environment for stocks but what do I know?