Investing General Discussion

Jysin

Jysin

Ahn'Qiraj Raider
6,276
4,031
SPY pulled right into the 455.91 pivot nearly to the penny. If this doesnt hold, we're likely straight back down to the 100D.
 
Blazin

Blazin

Creative Title
<Nazi Janitors>
6,412
33,663
Big Phoenix said:
Click to expand...
Cute, there was no housing market crack in 2018, unless crack now means run sideways. Really tempting to be a nazi and just ban any zerohedge and marketwatch tweets, tire of the constant nonsense.
Capture.PNG
 
  • 2Like
  • 2Worf
Reactions: 3 users
Jysin

Jysin

Ahn'Qiraj Raider
6,276
4,031
At first I thought it was a typo.. thinking: "What 2018 housing crash? .. oh 2008? .. no.. that chart says 2018.. hmm"

<picard>
 
  • 1Worf
Reactions: 1 user
Zog

Zog

Blackwing Lair Raider
1,729
2,250
AMD
1648753214137.png

Its not looking like $100 is in the cards, far too many people see the downgrade for what it is. Plus its a thing on WSB right now.
 
Blazin

Blazin

Creative Title
<Nazi Janitors>
6,412
33,663
Ok done for the day and probably won't be on tomorrow morning too much happening at Farm/House build.

Sold SPY $447 puts 4/06 exp
BOUGHT SPY (Super small buy 100shares @ 457)
SOLD HD $285 Puts.

I want to see a little more pullback, but starting positions here. As we move towards 200d will become more aggressive if pullback looks healthy.
 
  • 2Like
Reactions: 1 users
Jysin

Jysin

Ahn'Qiraj Raider
6,276
4,031
before anyone mentions my market order, I had a limit order for 456.1 since yesterday but was feeling yesterday's low was going to stick here so fired the market. I can take the chance 35c higher.

In the same trade plan as Blazin though in that I have size for buying lower. I basically pyramid into moves like this. Small first, double position second, then quad at very specific levels. (150 shares, 300 shares, 600 shares, etc). I can not stress enough the importance of identifying critical levels for making these trades. It is the safer way to scale into size in a weak market like this.
 
  • 1Solidarity
  • 1Like
Reactions: 1 users
Jysin

Jysin

Ahn'Qiraj Raider
6,276
4,031
Blazin said:
I do trades like this when I want the market to drop, it's more of an FU to SPY. A buy I want to lose money on, it's a hedge against my conviction being wrong.
Click to expand...
100% the same. (Read above)

Some of the best trades are often red slightly before going very green.
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
41,518
107,588
Jysin said:
before anyone mentions my market order, I had a limit order for 456.1 since yesterday but was feeling yesterday's low was going to stick here so fired the market. I can take the chance 35c higher.
Click to expand...
Jon Hamm Yes GIF
 
  • 2Worf
Reactions: 1 users
You must log in or register to reply here.