A place to discuss such things because I value some of your opinions. (Plus we might be able to inspire Trypt to get his life together lol jk)
9/2/2020
$NVDA
Bullish still but a hard correction is coming sooner rather than later imo. (Also there's TPG photobombing)
$FB
Likely to continue to walk but possible bull flag
$COST
Crossing and earnings coming out at the end of the month, very bullish (ER should be comparable to WMT and TGT)
$NFLX
Thinking we may see a pull back to 440 at the 88 lvl or a parabolic move to 476 (Why not, everyone else is going parabolic)
$TSLA
Buy side is still completely in control but we will see, I play this by the day on trend and it's an easy 2k so idc where it goes.
$APPL
Far more evenly distributed.
Also watching $WDAY, $PENN, $AMD, $INTC, $JPM, and $BA
9/2/2020
$TSLA
Buy side is still completely in control but we will see, I play this by the day on trend and it's an easy 2k so idc where it goes.
Up 2.6k from shorting TSLA today, and up 4k total this week so far - aiming for 6k total by Friday
last edit on
9/2/2020 6:37:00 PM
9/3/20
$TSLA
Volatility at open last roughly ~30 mins - 1 hr , ATR is has been higher each morning
Short pressure at 430, 425, and 420
$ZM
First big move last roughly 30 mins ATR is ~30 on the 30
Short pressure at 400
$NVDA
First big move last ~40 mins and ATR has exploded, Two opportunities, first the break and then a hard correction
Pressure at 580 via calls, and pressure at 550 via puts
Firs big move lasts roughly an hour followed by hard correction
Pressure at 550, 560, and 570 via calls
These are my big moves tomorrow morning
I noticed that volatility explodes very early on and then dies down
So, I'm going to find the trend right at the beginning and then play it for each during the avg volatility intervals.
This is going to be extremely aggressive but I am only going to stay in for the first big movement
After selling my position I'll attempt to catch NFLX and NVDA corrections but if I can't time it I'll stay away.
Took a $629 lost this morning and am going to take the day to regroup.
NFLX, NVDA, TSLA, and ZM all traded sideways on me so initial move was a false breakout and it seems like the overall pattern is shifting.
TSLA is up overall for the day and I would be up roughly 1k at this point if I would have stayed in. After it's initial push it broke down to a lower low and RSI bounced hard and then traded sideways into a consolidation phase. At that point I was uncertain if it was going to roll up or down but knew it'd be significant in either direction. The reward in this case was not worth the risk and my strategy had already been broken.
Looking forward tomorrow.
Manipulation in third world currency markets
check out this chart of USDTRY. double top, time to sell right?
WRONG
the roach gubmint borrows dollars from local banks and from outside sources just to prop up lira with it to stop it from exploding
it follows with an explosion as the roach lira picks up its natural course of descent. god knows how many faggots got burned thinking the dollar is crashing and sold em cheap for erdogan to pick it up.
Manipulation in third world currency markets
check out this chart of USDTRY. double top, time to sell right?
WRONG
the roach gubmint borrows dollars from local banks and from outside sources just to prop up lira with it to stop it from exploding
it follows with an explosion as the roach lira picks up its natural course of descent. god knows how many faggots got burned thinking the dollar is crashing and sold em cheap for erdogan to pick it up.
I just started my decent into the currency markets, quite the rabit hole and extremely complicated on the fundamental end.
Invaluable though, is completely changing my macro view.