I've offered and traded SOFI successfully for years. Noto is a sharp dude and holds a ton of stock. I just bought a bunch pre-earnings. This is worth your time following.
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The rocket ship continues full steam ahead. This should continue to be a good year. We will see a breather at some point, but I don't think that will be until later this summer. Won't be surprised to see 5,500 on the S&P before that.Comment -
My friend ... put a bit into ionq/dna for the kids and forget about it. I'm a trader and always will be , you buy and hold , pls do so, I'll be gone but the kids might get a few college books. Mine graduated circa 2010. I almost had a coronary when 1 of my daughters books was $275. And that may have been the used one. LOLComment -
I think we are starting to see the the pause now. I'm on neutral as of this week, with only daily CALL / PUT plays as the wind blows to keep me occupied. Actually even calling it a daily play is a lie. Most plays going forward for me this week are maybe a few hours if that.
Hi Madison, I got a kid in college and just had one graduate. It's redonkulous the markup from year to year on the tuition, and the books are the same. Then your kid at the end of the semester will just sell that $275 book back to them and get like $100 if they are lucky. When I was in school the most impressive book I ever bought was $100 about a thousand years ago just after they discovered dirt back in the day. It was a Calculus for Engineers book that I still have today on my book shelf, but no one wants to even touch that thing because of the toxic subject matter.Comment -
Ticket KXIN (Kaixin Auto)
Can someone explain what happened today, it said paused trading at some places earlier today. I did read one article but don’t know whether it’s good or badComment -
Man do I feel stupid for selling any of my Nvidia.
They are taking over the world. The chart is a thing of beauty. NVDA to $1 million per share.
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At this point I'm about 1.5 weeks ahead of the move down, and this up coming week we will no doubt see an attempt for the SPY to hit that magically magnetic 500 spot. If you read just a little of what I posted last week. I said the 490 spot on the SPY was a key spot and if they get beyond that the 500 spot is next and that it wouldn't take long. I still think there is a rug pull coming for February. Last week was pretty volatile with a big day down and big days up which was great for a daily wind blown trader to play. IWM and the $DJT both had down weeks so I still have the caution flag out for all you bulls out there. I smell a rug pull coming.Comment -
Stop me if you've heard this one before...
NVDA shares surge 5% to another record high.
5% APR CD's? NVDA goes up 5% per day.
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NVDA is certainly on a run. At this point I would have to wait until it hits 500 on a pullback to get in, or wait until it levels out for a while before I can jump in. You all those who own it, I would ride that play for all its worth. Its only been 5 weeks since it last saw $500, and since then it has gone parabolic, which is what you want, but at the same time you just can't keep it forever. There will be a day when it takes a rest for a while. I don't know when, but it will eventually.Comment -
This is a more narrow AI burst. But AI is as real as the internet was and there will be huge winners. NVDA just has such a head start and visionary leadership that it's just so hard to see them losing their dominant position for the deep foreseeable future. I said awhile ago, and still believe, they will be the market cap leader within 3-5 years. At this rate, it might be sooner.Comment -
Few snippets:
US. households are carrying a record amount of credit card debt, according to a new Federal Reserve Bank of New York report released Tuesday. The bank said the data indicates financial distress is on the rise, particularly among younger and lower-income Americans.
Credit card delinquencies have also soared more than 50% in the past year, with the Fed's report finding that about 6.4% of all accounts are now 90 days past due, up from 4% at the end of 2022.Comment -
I was here for 1987. Barring unbridled inflation, which is poison in its own right, this just doesn't smell right to me.
BOL to all. I'm burying my nuts. LOL.Comment -
Credit card delinquency rates jumped across the board, the New York Fed and TransUnion found. Credit card delinquencies surged more than 50% in 2023, the New York Fed reported. According to TransUnion’s research, “serious delinquencies,” or those 90 days or more past due, reached the highest level since 2009.Comment -
Well as I mentioned previously, when the SPY gets to 500 which it did briefly yesterday, I'm buying puts. I was away yesterday so I didn't get a chance to do so, and today being Friday, I will probably wait all day long to see if we get a Friday floater. If that happens, I'm coming in at the end of the dayish (3-4 time frame depending on the action). Light play to start the balls rolling. There is also a chance things start well and go to shyt around the typically daily pivot time of 11:30ish, in that case, I'm buying puts that expire today and will try that day trade for some superbowl seed money going into the weekend.Comment -
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I'm not disagreeing with you. I'm just highlighting another way to extract wealth out of the markets. I think we are getting a pullback here in the markets. That doesn't mean I just dive in and say F it is time and I deem it so. We have to wait for a market signal for that. In the mean time, I can use the market behavior to get some seed money for some side bets. Below is my technique I use for bets of this nature. Do I know the markets are going down next week? No of course not, but the bet is that it will so I buy PUTS that expire next Friday. The money I use is the money I make today.
OK this is a chart from today's action with 1 minute candles on the SPY. As you can see the SPY just plotted along for the most part until around the 11:15 spot (arrow 1), when it took a pause and turned around. I didn't buy PUTS why? Well the price pulled back to support but didn't break through as shown (arrow 2). How do I know that was an area of support? The chart shows me this as price paused at about the same level starting at around 10 and staying there until 10:20 or so. So after the typical pivot happens on a daily basis, I have to wait until the price gets back to support and break down lower to buy PUTS. As it turned out it bounced off of support today and went straight back to the 100 period moving average (blue line) then came back down almost to the level of support before taking off back to the blue line again. Once it broke through that blue line, if you wanted, it could have been bought for a long position on a break out Friday creeper move. That would have been the big winning play of the day which I didn't do why? I felt that there was a greater chance the market would come back down at some point and that it wouldn't float up as high as it did. I was wrong and if floated up pretty good today. What can I say, I can't catch all the opportunities and I'm wrong more than I'm right about my prognostications. That is why I liek to gather a full stack of information to support my case before I buy anything.
Now on the same chart but zoomed in a little bit, we will see what I did do, and give an explanation on why. For reference the high of the day is marked (arrow 1), I waited for the pullback to come and bounce off of the 100 period moving average (blue line). It didn't really bounce it kind of came in punched through hung out for minute or 2 or 5 before taking back off north. Price came up to resistance as marked by the horizontal yellow line. MACD was in the max'd out condition, stochastic lines were also overbought, it took another pause for about 3 to 5 minutes, so I bought PUTS that expire at the end of the day expecting that it was at a pivot point. These puts have literally about an hour left in their life span so the premium is lost and I can pick them up for less than a dollar a piece, then I wait the half hour or so for the price to creep down to the 200 period moving average. A total movement of just around $0.75 on the SPY, and around $0.30 on the actual PUTS cost so it wasn't a blockbuster trade by any means. Typically there is a reaction at the 200 period moving average when price approaches for the 1st time, so I sold those and collected the $0.30 per, and waited until the very end of the day for the "jam session" which happens everyday in the last 10 minutes of trading. Then right before the close, I use all my profits to buy those Puts at the $500 strike that expire next Friday. Now I have an emotionless trade going using just the profits from a small trade I made today. If it goes to shyt, who cares it was a gamble anyway really, but it could also be a big winner.
The trade was a full stack of probabilities that the market was going to go down at that point, or as the gamblers say a positive EV, so we make the trade. Now at 30 cent a share, you need some volume to make the numbers pop, but it really is just a scaling issue for smaller trade account sizes. The technique remains the same for all time scales and all stocks. I like to use the SPY because it has daily expiration times, strikes at the every dollar amount and the liquidity to get in and out at any time you want.Comment -
Dude, how fast do youtype? I failed 3 times. I have trouble posting one or two sentences.I'm not disagreeing with you. I'm just highlighting another way to extract wealth out of the markets. I think we are getting a pullback here in the markets. That doesn't mean I just dive in and say F it is time and I deem it so. We have to wait for a market signal for that. In the mean time, I can use the market behavior to get some seed money for some side bets. Below is my technique I use for bets of this nature. Do I know the markets are going down next week? No of course not, but the bet is that it will so I buy PUTS that expire next Friday. The money I use is the money I make today.
OK this is a chart from today's action with 1 minute candles on the SPY. As you can see the SPY just plotted along for the most part until around the 11:15 spot (arrow 1), when it took a pause and turned around. I didn't buy PUTS why? Well the price pulled back to support but didn't break through as shown (arrow 2). How do I know that was an area of support? The chart shows me this as price paused at about the same level starting at around 10 and staying there until 10:20 or so. So after the typical pivot happens on a daily basis, I have to wait until the price gets back to support and break down lower to buy PUTS. As it turned out it bounced off of support today and went straight back to the 100 period moving average (blue line) then came back down almost to the level of support before taking off back to the blue line again. Once it broke through that blue line, if you wanted, it could have been bought for a long position on a break out Friday creeper move. That would have been the big winning play of the day which I didn't do why? I felt that there was a greater chance the market would come back down at some point and that it wouldn't float up as high as it did. I was wrong and if floated up pretty good today. What can I say, I can't catch all the opportunities and I'm wrong more than I'm right about my prognostications. That is why I liek to gather a full stack of information to support my case before I buy anything.
Now on the same chart but zoomed in a little bit, we will see what I did do, and give an explanation on why. For reference the high of the day is marked (arrow 1), I waited for the pullback to come and bounce off of the 100 period moving average (blue line). It didn't really bounce it kind of came in punched through hung out for minute or 2 or 5 before taking back off north. Price came up to resistance as marked by the horizontal yellow line. MACD was in the max'd out condition, stochastic lines were also overbought, it took another pause for about 3 to 5 minutes, so I bought PUTS that expire at the end of the day expecting that it was at a pivot point. These puts have literally about an hour left in their life span so the premium is lost and I can pick them up for less than a dollar a piece, then I wait the half hour or so for the price to creep down to the 200 period moving average. A total movement of just around $0.75 on the SPY, and around $0.30 on the actual PUTS cost so it wasn't a blockbuster trade by any means. Typically there is a reaction at the 200 period moving average when price approaches for the 1st time, so I sold those and collected the $0.30 per, and waited until the very end of the day for the "jam session" which happens everyday in the last 10 minutes of trading. Then right before the close, I use all my profits to buy those Puts at the $500 strike that expire next Friday. Now I have an emotionless trade going using just the profits from a small trade I made today. If it goes to shyt, who cares it was a gamble anyway really, but it could also be a big winner.
The trade was a full stack of probabilities that the market was going to go down at that point, or as the gamblers say a positive EV, so we make the trade. Now at 30 cent a share, you need some volume to make the numbers pop, but it really is just a scaling issue for smaller trade account sizes. The technique remains the same for all time scales and all stocks. I like to use the SPY because it has daily expiration times, strikes at the every dollar amount and the liquidity to get in and out at any time you want.
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OK day 2 of my bet of a pullback, and it looks like we will open in the money for those calls I touted and showed you how to generate a emotionless trade. Now, its all about keeping the W. I will just watch it to make sure it stays in the money. There is still a few day left to hang out and wait.Comment -
D2er waiting for NVDA earnings with baited breath.
the eyes of the market world all on JensenComment -
Looking to see if the SPY can hold $494 this morning out of the gate. Morning trade looking for a bounce to $499 gap from yesterday to start.
Hey I'm a day trading buyer of NVDA if it runs down to the $671 and $663.50ish spots for 2 possible bites at that apple this morning as well.
and how about that AAPL? I'll play that as well this morning at about the $180ish level. All day trades for a few minutes to hours only. Just looking for a bounce.
Forgot to mention that any gap open below my trading level will take that trade off the table and leave me searching elsewhere.Comment
