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Sanrith Descartes

Sanrith Descartes

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Fogel said:
Dis has yet to bounce back after hitting 168 like it has in the passed. 172 has been acting as resistance and it's been in a slight downtrend since.
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They have been tripping over one piece of bad news after another. This morning's was the Shanghai Disney fiasco.
 
Sanrith Descartes

Sanrith Descartes

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TSLA +8%
Make that 8.5%
Shorts be like...

frustrated kristen wiig GIF
 
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Borzak

Borzak

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He's gonna liquidate some of his stock when the UN can tell him how that money would end world hunger lol. He's a great troll though. Tweeted he's starting a new university in Texas. Texas Institute of Technology and Science. TITS lol :)
 
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Shonuff

Shonuff

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Sanrith Descartes said:
TSLA +8%
Make that 8.5%
Shorts be like...

frustrated kristen wiig GIF
Click to expand...
Half my trades on TSLA today were short, and not one of them was a losing trade. I posted the trades earlier on here. But I don't short like a hedge fund piggie that sits in their positions for months, my average short lasts less than five minutes, and I preprogram the profits and losses with a hotkeyed OCO bracket order.

There are plenty of times you could have made money shorting Tesla today (see attached).
 

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Sanrith Descartes

Sanrith Descartes

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Shonuff said:
Half my trades on TSLA today were short, and not one of them was a losing trade. I posted the trades earlier on here. But I don't short like a hedge fund piggie that sits in their positions for months, my average short lasts less than five minutes, and I preprogram the profits and losses with a hotkeyed OCO bracket order.

There are plenty of times you could have made money shorting Tesla today (see attached).
Click to expand...
You do well with that in and out stuff.
 
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Fogel said:
Dis has yet to bounce back after hitting 168 like it has in the passed. 172 has been acting as resistance and it's been in a slight downtrend since.
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Everyone should sell DIS*.




*not financial advice, but karma advice. Fuck DIS with a rusty fencepost.
 
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Zzen

Zzen

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Blazin said:
Only trading book I have read is "Reminiscences of a Stock Operator" and would recommend it to anyone wanting to understand more about the psychology of trading. Most progress was trial and error.
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Jysin said:
I've got a couple I have recommended previously to the thread for anyone taking up day or swing trading.

Shonuff Shonuff found value in these as well, and can likely attest to their signifigance. Trading psychology and recognizing / managing your own emotions is a far greater learning curve vs technical analysis. Do yourself a favor and make this a high priority before you start trading with any significant size.

#1 Trading in the Zone - Mark Douglas (Free from Audible or also on YouTube)
Amazon product ASIN B07BTK516M
#2 Trade Mindfully - Gary Dayton, Psy.D.
Amazon product ASIN B00P52047W
Once you have a grasp on this, you should move on to other technical focused material.
  • The Art and Science of Technical Analysis - Adam Grimes
  • The Candlestick Course - Steve Nison

Then some broader perspectives:
  • Antifragile - Nassim Taleb
  • Market Wizards - Jack Schwager
  • Principles - Ray Dalio
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Nom nom nom, I'm eating this stuff up. Thanks brothers.

The recommendations come right on time, as I was just looking to dust off the Audible subscription. I went on a big kick of finance / business cycle related titles during the lockdowns (Too Big to Fail / The Big Short, When Genius Failed, Barbarians at the Gate, etc.).

Ima chill on trades until I get my head right with these readings (unless Blazin Blazin drops any more buy and hold gems like MTTR). I lit a couple of bucks on fire with options, mostly just mimicking a buddy's FD trade on AMZN earnings. I've got some powder in the keg, completely segregated from others savings and investments, to deploy when I'm ready :emoji_thumbsup:
 
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wormie

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Sanrith Descartes said:
7.12% is not shitty. I had no idea TIPS were running that high.
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These arent TIPS dawg. But yeah, 7.12% plus the tiny bonus of no state income tax isnt too shabby. The cap of 10k a year blows but I am think I will be tossing 20k at it before April. Also for those of us tarded enough to still have school expenses, there is also the small bonus of no federal taxation :D
 
Gravel

Gravel

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Which means they're expecting inflation of 7% or higher. Add in the tax implications and you're not coming out ahead. Better than cash though!
 
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