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Sanrith Descartes

Sanrith Descartes

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Moglyzoke Moogleman said:
Jesus BZFD

Gotta love the market. Sold too late on my swing and now sold too early here. But the number on the page did get bigger so my job was done successfully today.
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One day, for posterity, you should post your trade history. I always thought Locnar Locnar had the win locked up but you might be the dark horse.
 
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Sanrith Descartes

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Blazin said:
~$154 is going to be a difficult area. Nothing on the daily chart says sell, but a drop to 128 would also mean little but if it did that and you would feel like you made a mistake not selling then maybe that's your answer.
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Looks like we are getting close to finding out.

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Sanrith Descartes

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Moglyzoke Moogleman said:
You've already seen it in the Loss Porn thread. It got a little worse but that was because I made more money (so I had more to lose.)

I had a wonderful 3 month stint (6k realized) that I almost shared here but I figured the important one to share will be once I break.
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I had actually forgotten about that thread.
 
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Sanrith Descartes

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TSLA up another 9% today. For those keeping score its like +75% in 3 weeks. A half trillion dollar market cap company up 75% in 3 weeks. I expect whats left of the shorts to be jumping off buildings any time now.

1674838622408.png
 
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Mist

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Sanrith Descartes said:
TSLA up another 9% today. For those keeping score its like +75% in 3 weeks. A half trillion dollar market cap company up 75% in 3 weeks. I expect whats left of the shorts to be jumping off buildings any time now.

View attachment 455595
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There was a ton of money to be made in high-profile companies that got oversold, NFLX, TSLA, META specifically. But guessing the bottom is just luck. I got lucky on META.
 
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Sanrith Descartes

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SPY working on its 5th straight close above the 200-DMA. This is really the thing to keep an eye on (as Blazin previously mentioned).
 
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C

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As far as I can tell, I've been driving the market for the last few years. Every time I started thinking about buying a house the market would tank before I liquidated my down payment. Now that I'm finally committed and liquidated, the market jumps.

#ReverseSuaveREIT
 
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Mist

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Sanrith Descartes said:
SPY working on its 5th straight close above the 200-DMA. This is really the thing to keep an eye on (as Blazin previously mentioned).
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I mean, it seems clear that the bottom is in unless something crazy happens. But we live in a world where something crazy happens all the time, and if it doesn't, politicians and/or the media will invent something crazy anyway.
 
Lightning Lord Rule

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And (so far) today is the day my TQQQ turned green! HUZZAH!!!

Now to decide if this is really the beginning of a new bull trend as Blazin Blazin has been talking about, or if I wait until like 4200 SPY or so and sell in anticipation of a big leg down as analysts were predicting about 4 - 6 weeks ago. When the market got to this point last time in around August '22, I definitely should have sold and/or bought some SQQQ as a hedge. It then promptly flushed back down to 3700, if you recall. Though this recent low was lower than that too, so.... eh?

The driver of another leg down is/would be the fed continuing to raise rates, right? Or should I say the perception of the level of rate raises... ie: whether the fed is raising by 25, 50, or 75 bps next time based upon inflation numbers. Which are still shit, just not as shit.

Eh, whatever. I'm inclined to believe what a real chart wizard like Blazin Blazin says rather than someone reacting to 'market sentiment' based upon their respective track records of the last 6-12 months. Just around that same time in August for example, Blazin said here in this thread that things looked like shit and it was time to go cash for a while.
 
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Sanrith Descartes

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Lightning Lord Rule said:
And (so far) today is the day my TQQQ turned green! HUZZAH!!!

Now to decide if this is really the beginning of a new bull trend as Blazin Blazin has been talking about, or if I wait until like 4200 SPY or so and sell in anticipation of a big leg down as analysts were predicting about 4 - 6 weeks ago. When the market got to this point last time in around August '22, I definitely should have sold and/or bought some SQQQ as a hedge. It then promptly flushed back down to 3700, if you recall. Though this recent low was lower than that too, so.... eh?

The driver of another leg down is/would be the fed continuing to raise rates, right? Or should I say the perception of the level of rate raises... ie: whether the fed is raising by 25, 50, or 75 bps next time based upon inflation numbers. Which are still shit, just not as shit.

Eh, whatever. I'm inclined to believe what a real chart wizard like Blazin Blazin says rather than someone reacting to 'market sentiment' based upon their respective track records of the last 6-12 months. Just around that same time in August for example, Blazin said here in this thread that things looked like shit and it was time to go cash for a while.
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Rate hikes aren't stopping anytime soon. The level is what is slowing. Expectations are now a string a 25 basis point raises. As Blaz said, we just need to keep stacking closes above the 200-DMA until it turns upward. That is a pretty clear sign the trend has reversed.
 
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Jysin

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My psyche level bid of 1k TSLA shares not filling at 100.01 is now really pissing me off. (Hit 101s bottom). Expensive miss.
 
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