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StandardBasicCardTheorist

Duelist
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Everything posted by StandardBasicCardTheorist

  1. Daytrading free money thread

    BA worked out this morning too. Oh, and remember that BIDU call a while back? That one bounced right at the line too. Strange and mysterious going ons in the market. No idea why it works, it just does...
  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

    JNJ worked out too
  4. Daytrading free money thread

    JNJ long at 150.67 if it opens above that short at 146.99 if it opens below that Long BA at 162 if it opens above that
  5. Daytrading free money thread

    Tesla opened at 1416, bought it at 1405. That 5 minute candle went to a low of 1401.93 and a high of 1434.08. Closed at like 142X or something.
  6. Daytrading free money thread

    Bounced right there lol
  7. Daytrading free money thread

    Long TWTR if it opens above 36.59 and moves down to test it.
  8. Daytrading free money thread

    Long Tesla if it opens above 1405 and moves down to test it. May well happen this week.
  9. Daytrading free money thread

    Looks like the site is a backup from an old one. From what I'd said before, BIDU never hit the level I wanted, but an airlines trade worked out. Typically, 3-4 trades are made each day. However, the market made a large move to the downside today, and volatility may well increase this week. In such cases, the if-then scenarios that have been going on will not be nearly as reliable as they have been. When under those conditions, a greater number of technical factors need to be in one's favor before entering a trade. The margin of error is greatly reduced, because the movements are larger. It is possible to be much more profitable, but much more difficult. Gotta to be super careful.
  10. Daytrading free money thread

    Sorry, meant to say it opened under. It did end up tanking to 122. Waiting on that purple level...
  11. 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...
  12. Daytrading free money thread

    And, there it is!
  13. 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.
  14. Daytrading free money thread

    Lol, the market crashed. Magnificent.
  15. 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...
  16. Daytrading free money thread

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

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

    Closed for some gains
  19. Daytrading free money thread

    Just went short, let's see what happens
  20. 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?
  21. 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?
  22. 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.
  23. 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.
  24. Daytrading free money thread

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

    Nope, cut right through. Failure
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