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  • #46
    From the moment of the Dallas Fed notes it started to crumble.

    I piled shorts like a frustrated bear. Blowoff move. Failure of price and volume on SPY.

    TSLA obv the canary relative to momo.

    Every out I could think of too. Got an interesting story.

    ill post some more details later.
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    • #47

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      • #48
        so it looks like the meltdown is being blamed on california rolling back their re-opening.

        might even be true, to an extent.

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        • #49
          Pattern trading ain’t as trustworthy as I once found it. Will be interesting someday when Fed distortion has expired to see if it was that Alice in Wonderland deal or whether there are just too many wanna be nerds looking at the same stuff. I suspect both.

          every idiot sees a SPY bull flag. Max Pain dictates that’s gotta be punished,

          weird times.

          Click image for larger version Name: 2ED0B592-1D5E-4496-B730-68E8A86136B6.jpeg Views: 81 Size: 13.9 KB ID: 1466
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          • #50
            Originally posted by sonatine View Post
            so it looks like the meltdown is being blamed on california rolling back their re-opening.

            might even be true, to an extent.
            Oh, NOW Covid is an issue? Not the last 7 weeks. Not mocking. It IS retahded. Market is perverted.

            the greatest sports bettors don’t watch games. They have little clue about players or have a favorite team. They just bet numbers. What does that mean? Sounds cool.

            Too many leaning the wrong way. We still have an ABC set up in the Nasdaq. You wanna go for a run you gotta rinse. The 5 names are simply retarded but bubbles can run wrong and long as we know.

            so I’m thinking how else can I bet this. I remembered Bookmaker sets closing lines on SPX & DOW. I open the book only to see they no longer offer live financial wagering. You can bet next days close only. That’s a sign they were losing live. They were easy money. They must have been losing. Forgot the traders name. Only other guy who followed him was badguy of all folk. God bless.

            posted a couple in previous post cause look and feel is different here. It gives you an appreciation for a decade of Druff tweaks. God bless him. I hope he finds peace.

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            • #51
              ok cool but theres a super real chance that this account goes to zero tomorrow because piper sandler just raised target price on tsla from $939 to $2322 so imma need thoughts and prayers stat.

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              • #52
                I live in constant fear

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                • #53
                  Click image for larger version Name: Screen Shot 2020-07-14 at 9.40.55 AM.png Views: 80 Size: 8.4 KB ID: 1488


                  exited the QQQ / TSLA short positions green. cant be mad.

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                  • #54
                    so i might be tango down on this account by EOD tomorrow. put a huge put bet on SPY re covid numbers coming in at 10:30 and its not going well. if i exit the trade i get a PDT flag which i dont want to deal with, so i think i may be at like $185'ish on this account tomorrow night. its likely.

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                    • #55
                      also not for nothing but im super hedged on another account so its kind of a break even thing if the spy put here does melt.

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                      • #56
                        Nice hit TSLA

                        remember the dollar short idea? Lol whatever

                        i don’t know who you follow but the banks (JPM) made money trading (huge $) not banking. Scumbag Wells Fargo doesn’t have a trading desk and is more typical of what Main Street banks are up to. Most of those banks don’t trade but it’s a purer read of the economy. They were joking that the Wells Fargo CEO basically said even he wouldn’t buy his stock.

                        think Florida. Think Florida post July 31 when stimulus runs out. Feel me? TZA 3x small cap bear. I don’t hold a lot but this is one.

                        I missed SPX 3128..... I had the order up and couldn’t get filled. Then I just lost my way. Sigh.

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                        • #57
                          Can you establish a daily chat thread for chrisake? Like the old Elon Musk thread before it was corrupted.

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                          • #58
                            Remember NY & Mass Covid? Fucked. First in meant no one really had a feel for the beast as we do now. But we locked down. Scared as shit and no one left the nest. Democratic in Mass and Baker had a strong conservative (health) message. He has opened in a very conservative way.

                            It still took 3-4 months to get clean.

                            now contrast with, hell, anywhere else. Let’s take Florida. No lockdown. No message. No masks. Could go on forever. Don’t model China or Mass. Mickey welcomes you even if Cuomo doesn’t .

                            heard someone say that folks are beginning to ignore politicians in the same fashion as they did in 1968. Hmmmm.

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                            • #59
                              Originally posted by Sanlmar View Post
                              Can you establish a daily chat thread for chrisake? Like the old Elon Musk thread before it was corrupted.
                              lol whats wrong with this one https://www.lolstockaments.com/forum...on-musk-is-god

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                              • #60
                                Click image for larger version Name: Screen Shot 2020-07-15 at 9.32.57 AM.png Views: 69 Size: 34.5 KB ID: 1511

                                so i pulled the parachute cord on my safety hedge, and obviously im holding the (currently worthless) 310p contracts. its entirely possible we see a sharp selloff and i cash these out on the way down for a few more hundred but im not holding my breath.

                                in any case, +76% so far and thats a good thing.

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