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Where's the fuckin power box, Carol?Comment -
Madison, that's good stuff. Thank you. I'll give you my exact Portfolio strategy:
1) Right now: slowly divest from Dow Index funds. Re-buy Crypto funds on the mini-dip. Feel like the Supply/Demand crunch is in play as we approach the halving.
2) Fast forward 18 months: If this Crypto thing goes well, I'll be looking to re-balance. And I think Metal stocks will be at the top of my list as a longer play.Where's the fuckin power box, Carol?Comment -
I'm in no position to advise on crypto. Memories of a trip to Hilton Head 6 years ago about now. I brought 4 books on Crypto/Blockchain and even then people treated me like an alien. Crypto ??? Another in a long line of failures, in which I had ideas/interest but never executed.
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Physical assets, NOT anything leveraged to our FIAT currency!!!Comment -
https://www.sportsbookreview.com/for...ports-betting/ Jump on in. Crazy gains being made. Ask about anything and someone such as Chucky, myself and a host of others can help. No judgement zone, so no question is a dumb question.I'm in no position to advise on crypto. Memories of a trip to Hilton Head 6 years ago about now. I brought 4 books on Crypto/Blockchain and even then people treated me like an alien. Crypto ??? Another in a long line of failures, in which I had ideas/interest but never executed.Last edited by raiders72001; 03-15-24, 04:19 PM.Comment -
OK lets clean up how my last 2 option trades went starting from Last Friday and ending just yesterday. The trade on 3/8 made all the money, and the second trade that just expired yesterday, didn't exactly go the way I would like, so I gave some back. While it wasn't a total loss, the market did eventually break out of the confines of the rising wedge. We haven't seen the markets fall apart like what typically happens after a break down from a rising wedge, and I expect that to still happen. So this week I'll be looking to see if the price movement keeps going south, or if there is a rise back to the lower limit for the rising wedge, or an attempt to recapture that wedge. If it can't recapture, I'll be buying those puts again just in time for the FED to come out and tell everyone that he is on pause for now and not to expect rate cuts anytime soon with inflation on the rise. There is a chance the FED may toss caution to the side and tell everyone that cuts are still in the works, and that may be enough to keep prices from falling like a rock in the near future so with that possibility in mind, my puts bet will only be 10K as some point before the FED trouts on out to lie to everyone.
TRADE DATE TIME BUY OR SELL CALLS OR PUTS EXPIRATION DATE STRIKE PRICE COST SHARES TOTAL 3/8 10:28 BUY PUTS 3/8 518 1.25 80 -10000 3/8 1:51 SELL PUTS 3/8 518 7.00 80 +56000 3/8 3:59 BUY PUTS 3/15 512 3.97 126 -50022 3/11 10:22 SELL PUTS 3/15 512 6.00 30 +18000 3/14 3:22 SELL PUTS 3/15 512 2.77 48 +13296 3/14 3:23 BUY CALLS 3/15 512 1.05 61 -6405 3/15 10:15 SELL PUTS 3/15 512 2.00 15 +3000 3/15 1:31 SELL PUTS 3/15 512 2.70 25 +6750 3/15 2:32 SELL CALLS 3/15 512 0.04 61 +244 3/15 3:58 SELL PUTS 3/15 512 2.74 8 +2224 +33087 Comment -
what J Powell says this week will affect Both stocks and bitcoinComment -
Posted many times in the past (decrease in the M2) and you have the inverse of the 3/10 and the decrease in the m2 money supply. On their own they have historical precedent for recession but together is a very ominous sign.
BOL my friend.Comment -
Well the markets all moved up to that now infamous bottom boundary wedge line and was unable to stay above it for the last 2 days. Tomorrow is the big day. If the FED comes out and says Eff it, i'm gonna eventually drop rates sometime later this year even though I see inflation creeping back up, that might set the market ablaze with joy and buying. It would also set me off as for sure all that gold I've been packing away will move up as well. If they come out and even hint at the chance of a rate hike, I think we may see a little blood dripping in the streets. So he will probably come out talking outta both sides of his mouth and attempt to thread that needle. The last 2 days I've been loading up on the PUTS for both the QQQs and the SPY as I think the downward movement is more likely than a rally this time. We'll see how it goes, but the statement is uber important this time and allot hinges on what he says.Comment -
Everyone's happy. The party just continues on.Comment -
Yep I had to drop everything and get out of the way. I think the Fed is committed to trying to prop up the market here. Inflation should take off now at an accelerated rate. If and when he actually cuts will remain to be seen. I don't think he will actually do it this year but we will see.Comment -
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i gave everything I had.
i am constantly adding on dips and selling rips on numerous stocks like SMCI, SOUN, MARA, MSTR, etc etc etc
it would be impossible for me to share all of it in here.
i have always shared (especially back in 2022) when i made large moves on stocks like META which got pelted.
i hope some took advantage.
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SOUN ... Talk about a roller coaster?? Riding along with you!!i gave everything I had.
i am constantly adding on dips and selling rips on numerous stocks like SMCI, SOUN, MARA, MSTR, etc etc etc
it would be impossible for me to share all of it in here.
i have always shared (especially back in 2022) when i made large moves on stocks like META which got pelted.
i hope some took advantage.
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there is still room to run. remember that it provides the hardware to NVDA so they trade together basically.Comment -
I did the same play on Friday and bought Puts right at the upper limit of the rising wedge again. It is working and we will see if the bottom of the wedge holds this time.Comment -
If you own SMCI, please use stops. Bollinger bands are a 20 period moving average and 2 standard deviations above and below the moving average. On the monthly chart, SMCI today was 3 standard deviations above its 20 month average, and 4 standard deviations above on its quarterly chart. That's just nuts.Comment -
Trumps Truth Social stock jumping right now. Pump and then dump.. Free money right now!Comment -
The SPY and QQQ are trying to stay in that rising wedge again today after a late day break down spells a little trouble ahead. So far today the futures are up at right about the scene of the crime yesterday ($521) when it broke down. Playing the referee, if the SPY can't start closing 10 minute candles above that $521 area during regular hours, I would be betting on the down side at least for the day. We'll see if the futures can keep the price up in this area or if it is given up before the open, then afterwards, I'll give it about 30 minutes to move further before just outright shorting. It may not take that long.
Then again the fight to stay in the wedge continues, so the markets may just take off and get out of the danger zone, but that is a less than 50% scenario.Comment
