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Yeah, after my Rookie move of not confirming the stop loss on my stock purchase, I am now going to potentially double my losses by waiting for the bounce tomorrow.... I hope TSLA respects the lines!picture perfect, we're just following the lines
unless there's another bear trap, perhaps a bounce tomorrow
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DittoYeah, after my Rookie move of not confirming the stop loss on my stock purchase, I am now going to potentially double my losses by waiting for the bounce tomorrow.... I hope TSLA respects the lines!
Can we stop this pls? This is not the time nor the place.Doesn’t matter buddy.
Personal Political opinion is still a personal political opinion.
This is not a pissing war, if you want it to be , I will raise your 30 with my 44 and still with strong roots .
No politics in here please.
methinks possible short-term low 240's then up againYeah, after my Rookie move of not confirming the stop loss on my stock purchase, I am now going to potentially double my losses by waiting for the bounce tomorrow.... I hope TSLA respects the lines!
While not Jan 1, I think Jan 2.2024 WILL be a Green Day - barring some random exogenous event that could certainly occur.I closed some option contracts today to lock in taxable gains for this year. I'm sure others are doing the same with stocks and options. Is Jan 1st usually a Green Day?
When an index regains its ATH, after a long duration period (this one is essentially 2 years) many stocks are at ATH, and there is a LOT OF SUPPLY up here to soak up any interested net new buyers. Doesn’t mean it can’t go up, but it won’t RACE up IMHO. It‘s time to be scalping (sorry, can’t think of another term), selling calls, possibly buying downside hedges.A background question on markets in general would be: Will we get a double 4800 SPX top or will it smash through?
Could be a real bummer... (first top being 1.5 years ago...). And if double-topping, will we still get the handle to the cup later on?
An early rate cut could lead to SPX dropping to be countered in a month or 2/3. "No rate cut " will let SPX run at least for some time.
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1/5 240 -gamma is taller than the 270 +gamma, we have risk of falling further
then, 1/12 perhaps up again to the 270 gamma magnet
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There lies madness....Thanks for your message, I really appreciate it. This month i made some good money approximately $35,000. following your posts help me to learn alot. at the moment I am trying to learn Spreads both credit and debit but my aim is to learn the irn condor. That is my goal for the year 2024.
First you fly,Thanks for your message, I really appreciate it. This month i made some good money approximately $35,000. following your posts help me to learn alot. at the moment I am trying to learn Spreads both credit and debit but my aim is to learn the irn condor. That is my goal for the year 2024.
Yep, been selling call for 2 weeks now with Lulu and Roku. Did ICs for both this week and they barely budge.When an index regains its ATH, after a long duration period (this one is essentially 2 years) many stocks are at ATH, and there is a LOT OF SUPPLY up here to soak up any interested net new buyers. Doesn’t mean it can’t go up, but it won’t RACE up IMHO. It‘s time to be scalping (sorry, can’t think of another term), selling calls, possibly buying downside hedges.
My time/inflation adjusted level for the S&P is 4980, and we aren’t there yet. Truly, my current adjusted S&P target for Jan 2024 is 5097, and we aren’t there yet. This won’t/can’t be considered a “new bull market” until we’re well above 5100 IMO..
But, my EOY 2024 target IS over 5200, so take that for what It’s worth.
show me your trades?Thanks for your message, I really appreciate it. This month i made some good money approximately $35,000. following your posts help me to learn alot. at the moment I am trying to learn Spreads both credit and debit but my aim is to learn the irn condor. That is my goal for the year 2024.
EDITED to add, that if P&D is in line, or strong, it will come out 1/2/24 at about 04:00 PST but if it’s poor, or the estimates for 2024 are weaker than 30% growth then it will come out on 1/1/24 sometime around 12:00.
They didn't give any 2023 estimates in the Q4-2022 P&D, so I think it highly unlikely that they provide any 2024 guidance before the ER.They include 2024 estimates in the Q4-2023 P&D?
That how the Market lured people in.First you fly,
then you condor.