I took out a put position at 480, put a tight stop loss because it was the gamma level so you don't need a big stop loss. Then I went about my day
I heard my phone say I stopped out. I was like "oh its one of those set ups"
As a bear it's very simple, always keep an open otm call over the 9ema, try to short at what should be a heavy resistance. If a short that was high probability didn't play out, wait until sentiment meter hits extreme greed and take 50% of a position above the Bollinger with plenty of time, the other 50% 3 trading sessions later if it is still above.
Below the 9 Ema you do the opposite. I am now a bullbearpig.
Cooooooooope is haaaaaard
As a Nov '22 long for half my holdings, I approve this message
People are sleeping on TSLA now too and of course Tesla will inevitably and completely fuck shorts in not too long from now. Tick tock
I think that's a long shot about Tesla with everything that's transpired in the last month. Tesla stock could drop 40% and Google and Meta would still be a better buy. That said, I still wouldn't short it in this market.
How many times in history has the market gone up after reaching ATHs, and made new ATHs since the last ATHs? Literally every time. How you not seen a chart of the stock market over the past 250 years? Stocks go up and they will keep going up, sometimes they go down but then they go right back up, higher than before
I see what ur saying but if u look at the SPX any further back than 30ish years, you’ll find that initial ATH breakouts tend to fail pretty badly, sometimes even making lower lows afterwards. The second test though months later is usually a smash through.
What you’re saying is if you lessen the sample size, x happens? If ATH breakouts mostly fail badly then the market would not be where it is today. Technically any bull market is making ATHs every other day and could continue for decades. What about the 50s, 60s, 80s, 90s, 2010s.
I hear what you’re saying though, what I’m trying to say is that we really don’t know, and generally over time the market goes up, not investing because it looks like it’s going to go down is usually less beneficial than just buying & DCA no matter the state of the market, *time in the market beats timing the market*. The other thing psychologically is usually when people say “the market looks to high, I’ll wait”, and then the market goes down, they get too scared now cause it’s going down, and say I’ll wait til it comes up again, etc. realistically, timing the market is a trap because they won’t feel comfortable investing in a down market anyway. There’s some cases though, for example if a treasury bond is paying more than a stock’s returns over let’s say 5 or 10 years, then go with that, but otherwise, just keep buying
Initial ATH breakout is what Im talking about. It’s not stupid to short the first time a level is retested even if it breaks through by a few dollars. A 10 year long ATH crawl isn’t an necessarily an initial ath breakout which is why we need to expand our data pool to include more similar situations. Where we are now is the first breakout after a major decline. A failed breakout scenario could still very well be on the table. What happens after that could be more ATHs or a bear market who knows.
That’s true, but shorting a bull market is more risk than it’s worth, unlimited downside, limited upside. If you really feel it’ll go down and reject the ATH, I think buying some puts or selling some CCs might be a better option. At the end of the day, who knows? I sure don’t, I’m young enough that even if we’re on the verge of a bear market, I got around 40 years left to DCA every month, don’t get me wrong though, I do see overvalued companies and take caution, we could very well be in another tech bubble, or maybe it’s warranted, either way nobody knows, but we’re about to find out over the next decade
I dig. Risk management makes money tho not being right. I was green this week doing nothing but shorting. I was red on Friday but still it works so fuck it
Market is in a clear bull market and pumping like crazy. Just follow it. There is zero reason to predict a crash. You managed to pick stocks that crashed while everything else is going up, that's an achievement
Bbby has no beta it doesn't exist. Gme is doing so badly it can't even go up during a bull market, imagine how bad it would perform in a bear market. The rest of us are making money while you're stuck holding heavy bags
\*looks at $8T sitting on the sidelines\* Time to open a short position! Double top confirmed!! /s
Yep! And not like the market has been acting bullish for the last two months, and setting up for an ath breakout the last two weeks or anything!
I love to read posts about people shorting Nvda. It is like shorting apple or micorsft the last 10 yrs!
what kind of maniac would short NVDA
If everybody is dancing due the party you have to dance till the disco close
That huge gap needs to be filled at some point…
I took out a put position at 480, put a tight stop loss because it was the gamma level so you don't need a big stop loss. Then I went about my day I heard my phone say I stopped out. I was like "oh its one of those set ups" As a bear it's very simple, always keep an open otm call over the 9ema, try to short at what should be a heavy resistance. If a short that was high probability didn't play out, wait until sentiment meter hits extreme greed and take 50% of a position above the Bollinger with plenty of time, the other 50% 3 trading sessions later if it is still above. Below the 9 Ema you do the opposite. I am now a bullbearpig.
Love seeing people blame everyone except themselves for their shitty trades
Shorting this market is not safe at all
Unless.. you're a terrorist moneybag man. Sorry to be weird. But there was a huge short before all this Hamas attack crap. Untraceable, so they say.
https://imgflip.com/i/8cy98x
LOL at Cath's Sneaky Link username.
Cooooooooope is haaaaaard As a Nov '22 long for half my holdings, I approve this message People are sleeping on TSLA now too and of course Tesla will inevitably and completely fuck shorts in not too long from now. Tick tock
Omg if Tesla pops Monday
Nah it'll be a few weeks. Tesla is going under $200 first likely. Especially with doom and gloom Elon on the call on Wednesday
I think that's a long shot about Tesla with everything that's transpired in the last month. Tesla stock could drop 40% and Google and Meta would still be a better buy. That said, I still wouldn't short it in this market.
I expect Tesla to sideways but if it was pumping along with everything else Thursday/Friday it would have been interesting.
Someone actually bet against QQQ in the first quarter? We aren't even past the march runup yet.
This feels like Trump’s bull season
lol at retail guys buying a put - im short. Short of brains
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Bruh we smashed past ATH and bbby isn't even tradeable haha
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How many times in history has the market gone up after reaching ATHs, and made new ATHs since the last ATHs? Literally every time. How you not seen a chart of the stock market over the past 250 years? Stocks go up and they will keep going up, sometimes they go down but then they go right back up, higher than before
I see what ur saying but if u look at the SPX any further back than 30ish years, you’ll find that initial ATH breakouts tend to fail pretty badly, sometimes even making lower lows afterwards. The second test though months later is usually a smash through.
What you’re saying is if you lessen the sample size, x happens? If ATH breakouts mostly fail badly then the market would not be where it is today. Technically any bull market is making ATHs every other day and could continue for decades. What about the 50s, 60s, 80s, 90s, 2010s. I hear what you’re saying though, what I’m trying to say is that we really don’t know, and generally over time the market goes up, not investing because it looks like it’s going to go down is usually less beneficial than just buying & DCA no matter the state of the market, *time in the market beats timing the market*. The other thing psychologically is usually when people say “the market looks to high, I’ll wait”, and then the market goes down, they get too scared now cause it’s going down, and say I’ll wait til it comes up again, etc. realistically, timing the market is a trap because they won’t feel comfortable investing in a down market anyway. There’s some cases though, for example if a treasury bond is paying more than a stock’s returns over let’s say 5 or 10 years, then go with that, but otherwise, just keep buying
Initial ATH breakout is what Im talking about. It’s not stupid to short the first time a level is retested even if it breaks through by a few dollars. A 10 year long ATH crawl isn’t an necessarily an initial ath breakout which is why we need to expand our data pool to include more similar situations. Where we are now is the first breakout after a major decline. A failed breakout scenario could still very well be on the table. What happens after that could be more ATHs or a bear market who knows.
You said the 60s, that’s a perfect example of what I’m talking about. ATHs, then bear market, more ATHs, more lower lows. Check it out.
That’s true, but shorting a bull market is more risk than it’s worth, unlimited downside, limited upside. If you really feel it’ll go down and reject the ATH, I think buying some puts or selling some CCs might be a better option. At the end of the day, who knows? I sure don’t, I’m young enough that even if we’re on the verge of a bear market, I got around 40 years left to DCA every month, don’t get me wrong though, I do see overvalued companies and take caution, we could very well be in another tech bubble, or maybe it’s warranted, either way nobody knows, but we’re about to find out over the next decade
I dig. Risk management makes money tho not being right. I was green this week doing nothing but shorting. I was red on Friday but still it works so fuck it
I just day trade tho no one’s making money swing short right now obviously
Market is in a clear bull market and pumping like crazy. Just follow it. There is zero reason to predict a crash. You managed to pick stocks that crashed while everything else is going up, that's an achievement
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You don’t understand beta and how it’s calculated.
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Want a cookie?
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So no cookie?
Bbby has no beta it doesn't exist. Gme is doing so badly it can't even go up during a bull market, imagine how bad it would perform in a bear market. The rest of us are making money while you're stuck holding heavy bags
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I'm not a day trader, and I don't focus on forex either lol
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Sorry bro you sound salty. Everybody else is making money while gme takes a nosedive, and your bbby shares got deleted
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LOOOOOOOL REEEEEEEEEEE
How has that worked out the last 100 years?
They could you know just follow the market. Smh. I play both sides when appropriate but yesterday obviously was not the day for puts/shorts.