Jump to content

StandardBasicCardTheorist

Duelist
  • Content count

    165
  • Joined

  • Last visited

  • Days Won

    2

Everything posted by StandardBasicCardTheorist

  1. Daytrading free money thread

    Sorry, meant to say it opened under. It did end up tanking to 122. Waiting on that purple level...
  2. Daytrading free money thread

    Mentioned in the intro thread as having been kinda known in YGO for a long time, then quit for a long time, then started trading professionally for a long time. I'm pretty good as far as short term trades go. Trend following, however, is not my forte. I'm going to post live trades and predictions on here towards markets. I specialize in the Dow Jones, Nasdaq, S&P 500, and volatility products. However, I also trade a few stocks such as TSLA, CMG, etc. Some basic terminology and things to think about: ~Going 'long' means money is made if it goes up. ~Going 'short' means money is made if it goes down. ~Short timeframes means that money is made from small moves. So if a large move has already happened since a post, do not 'chase'-you'll probably buy high, sell low. ~Don't follow trades until you know what you're doing. I might just post an entry and exit whenever, or trade while at work and not have time, etc. And you'll end up stuck with the L. ~I tend to trade weekly options and futures- highly leveraged instruments that can result in a large gain or loss very quickly from even small fluctuations. So if it looks like a small move, know that its been multiplied many times over. For example, a $1 move in SPY translates to around a 10 point move in a single /ES (S&P 500 futures) contract which is $500 move. A 0 DTE (days to expiry) option can move 10% in literally the blink of an eye. Those are crazy. They are called 'lottos'- you're not expected to win consistently on them but holding them through a large move will multiply them over. Usually, the premium (cost of the extrinsic/potential value) exceeds the realized (what it turns out to be) value, and each minute eats away at their value until time is up. So you can buy them when a stock is at 50 and you wait for the price to move in your direction but it does so later on at a dollar up and you can still lose money. If you want to know more about this, search 'options and greeks'. ~My trading strategy is directional and pretty unique, even in the trading world. I'll be posting charts, methodology, and so on. I will not be editing any comments in order to keep what I'd said the way it was in real time.
  3. Daytrading free money thread

    These are fun! Here's another one, BIDU (known as the Chinese Google). An open under 123.15 implies a move down from there. It opened above and is currently just above that price. BIDU tends to test those levels and make clean moves, so I'll wait for it to go down tomorrow if it doesn't die today. The purple line at 118.10 is the buy point. I'd like to ride the elevator down and then take the elevator up from there. But, we'll see...
  4. Daytrading free money thread

    And, there it is!
  5. Daytrading free money thread

    Missed that Twitter short :/ right on the gray line. But, the green 34.16 level looks like a buy if it opens above and moves down to test it.
  6. Daytrading free money thread

    Lol, the market crashed. Magnificent.
  7. Daytrading free money thread

    On the weekly level, both the Dow Jones and the S&P 500 have hit respective levels. This implies a short term top; the market, in theory, should go down for 1-2 weeks. I am not going to trade it though; just an observation. Let's see how things play out...
  8. Daytrading free money thread

    Closed short for gains off that juicy gap down
  9. Daytrading free money thread

    Favoring a move down tomorrow. Shorted at close on the SPY purple line.
  10. Daytrading free money thread

    Closed for some gains
  11. Daytrading free money thread

    Just went short, let's see what happens
  12. Daytrading free money thread

    Buffet bought a ton of airlines as well, then proceeded to lose a few billion. He closed the position for a loss. They have wild moves but if you can be on the right side, even a single day can net a fortune. I don't trade airlines due to the wild moves but I used to trade UAL. It hit some old lines. There is another level under the recent lows, at around 9.43 or so. Might try buying there if it goes. On the other hand, UAL did hit the 49 level so I favor a move down this coming week. But again, nothing with confidence; these moves are big. Maybe I'll do a bit of analysis tomorrow, might be able to discern something... Did you trade cruise and resort stocks as well?
  13. Daytrading free money thread

    Buffet bought a ton of airlines as well, then proceeded to lose a few billion. He closed the position for a loss. They have wild moves but if you can be on the right side, even a single day can net a fortune. I don't trade airlines due to the wild moves but I used to trade UAL. It hit some old lines. There is another level under the recent lows, at around 9.43 or so. Might try buying there if it goes. On the other hand, UAL did hit the 49 level so I favor a move down this coming week. But again, nothing with confidence; these moves are big. Maybe I'll do a bit of analysis tomorrow, might be able to discern something... Did you trade cruise and resort stocks as well?
  14. Daytrading free money thread

    End result, not bad. But honestly, I feel that the best thing to do in this market is just buy and hold, it just keeps going up. Unless volatility returns, its the way to go. No need to use specialized analysis, just buy dips.
  15. Daytrading free money thread

    Very nice! I don't know how to trade those stocks that make crazy moves, just major instruments and hope my strategies work out via law of large numbers... Those big moves can be really lucrative.
  16. Daytrading free money thread

    Pretty likely the market going down tomorrow
  17. Daytrading free money thread

    Nope, cut right through. Failure
  18. Daytrading free money thread

    Tech gap down, but the other indices had gap ups. May go down, or up, who knows? Disney should bounce at 117.86 if it gets there.
  19. Daytrading free money thread

    Dow Jones and S&P 500 hitting respective levels here at End-of-Day. Implies a move down tomorrow. We'll see.
  20. Daytrading free money thread

    Isn't it cool how TWTR not only went as low as the lower level, but also bounced? Of course, it doesn't always happen that way, just an observation. 30.92 (the green line) is where I'd like to try buying for a day, but we'll see how it gets there before making a decision.
  21. Daytrading free money thread

    And there it is the very next day, TWTR dying
  22. Daytrading free money thread

    Didn't quite catch it cleanly, but that's fine.
  23. Daytrading free money thread

    TWTR hit the 34.16 level. If it doesn't tank today, I'll risk an overnight hold for a gap down.
  24. Daytrading free money thread

    And there it is. Prediction was only 9 cents off the high. Actually, that was the worst one. I managed to time the exact low on AT&T, and got in on JD close to the actual low as well today. Sometimes it loses of course, but not too often.
  25. Daytrading free money thread

    Another update. Although the strategy does fine, there are other vehicles such as certain stocks the strategy does well with, like the volatile market uncorrelated types such as Tesla and AMD. Shown is BIDU, the 'Chinese Google'. Generated a great short, then bounced off the green. I'm also looking at Twitter. If it hits gaps under 32.68 and hits, for the first time, it'll be a short as long as it does not do that in the first 5 mins of the trading session. I actually have lots of alerts set so I don't need to look at the market, I just check in when the notification goes off. It just makes things much more convenient and effortless.
×