Investing General Discussion

Blazin

Blazin

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QQQ had a great opportunity to fall apart in the last 30 mins and so far didn't. We need to push back over 345 or certainly not out of the woods
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
For further clarification, my main trading setup has a whole monitor that is split between SPY and QQQ 5min charts with these major pivots plotted out. Between them, I have a $TICK chart.

So, I am very closely monitoring these for market alignment with whatever trade in an individual name I am trading with a diff monitor that has 5min, 1min, and 24s charts. Before planning my entry I am plotting the daily chart pivots in that name. Then using 5m chart for swing type entries. 1m and 24s charts I am using for daytrade entries / exits typically.

3rd monitor is exclusively for my broker (Order entry, Time&Sales, L2, etc.)
4th monitor is newsfeed and Bookmap (graphical full book L2 representation)
Click to expand...
My trading rig...

Animated GIF
 
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TJT

TJT

Mr. Poopybutthole
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Jysin said:
For further clarification, my main trading setup has a whole monitor that is split between SPY and QQQ 5min charts with these major pivots plotted out. Between them, I have a $TICK chart.

So, I am very closely monitoring these for market alignment with whatever trade in an individual name I am trading with a diff monitor that has 5min, 1min, and 24s charts. Before planning my entry I am plotting the daily chart pivots in that name. Then using 5m chart for swing type entries. 1m and 24s charts I am using for daytrade entries / exits typically.

3rd monitor is exclusively for my broker (Order entry, Time&Sales, L2, etc.)
4th monitor is newsfeed and Bookmap (graphical full book L2 representation)
Click to expand...
Obligatory.

1643132406026.png
 
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Jysin

Jysin

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Crazy vid I ran across today. Cramer basically revealing the market manipulation in hedge funds.

 
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Sanrith Descartes

Sanrith Descartes

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Looking for feedback. So I have my MTTR March puts with the $20 strike. Needless to say they are upside down by about half. I am not opposed to just holding them and ignoring the paper loss until expiry. The current market situation has me considering the opportunity cost. If I eat the loss today/tomorrow and close them, I have half the cash currently held as collateral to invest down here in the current correction land. But then any profit I make has to overcome the loss i realize. But then, we also dont know if there is a bottom for MTTR.

Decisions, decisions.
 
Jysin

Jysin

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^^ I did say an inside day is perfectly fine here. We can chop sideways all day and I still consider that constructive. ^^
 
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
^^ I did say an inside day is perfectly fine here. We can chop sideways all day and I still consider that constructive. ^^
Click to expand...
Im starting to see more green. PM, PFE, LMT, JNJ, HDV, WYNN, ABBV.

Granted all of those stocks have something in common.
 
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Sanrith Descartes

Sanrith Descartes

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On the subject of PE ratios. I know some people dont put a lot of stock in it, but it times like these it might be worth taking a look.

Current S&P 500 PE is 24.71
Current NASDAQ PE is 25.37

AAPL 28.82
MSFT 33.31
GOOG 25.10
FB 22.06
BRKB 16.77
AMZN 56.53
CRM 121.38
JPM 9.45
HD 24.33
WMT 49.08
NVDA 72.09
UNH 25.56
V 42.79
MA 42.97
PYPL 39.05
KO 29.50
MCD 26.18
PM 17.50
ABBV 31.46
TSLA 301.78
INTC 10.08
DIS 124.25
FDX 14.24
UPS 27.84
 
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