3309 Drysdale Ct
Edwardsville, IL 62025
Are you still seeing a potential short in the systems? Probably
I would love to have a trade-sitter app that sits on top of my
platform app and flashes the screen and audible alarms when I
attempt a trade in the direction of the trend when A's are being
posted. I'm so much better about not buying tops and selling
bottoms after 20 years doing this, but I still get caught every
once in a while.
On a related note, I feel like probably 60% or more of the
time when my stops get hit, price reverses and in hindsight I can
look back and see amateur selling. I hate stops. If I give them
enough room so that traders don't run them and then take the stock
back up, the amount of room I have to give them makes them almost
useless. Options for me instead.
BPT Black Friday Special- when are you going to
I'm personally hoping you guys will announce some kind
of multi year deal...
It's not great when your product puts you at a disadvantage with
the hordes using ESG metrics to make decisions on how to invest in
various companies / industries. Plus a President saying that they
are going to force the industry to sunset operations while
simultaneously demanding increased production in the near
term...but not in America, preferably.
BTC - sitting on a knife edge of support. I wouldn't be
surprised if I wake up to find it fell 2,000 dollars while I was
Makes sense to me. I like the product the way it is! I think I
entered this thread because of the Twitter discussion I ran across.
I made the assumption that meant that you were considering a social
media type campaign in the future.
Agree with most of this...and at the end of the day it obviously
comes down to your opinion on the best way to achieve your goals
for the business. Just throwing out a few thoughts from the non
consensus side of the fence (seems like most people tell you that
they will easily and happily pay more...which is great!).
FWIW, I don't really consider 401K's as "tradeable assets."
They are normally limited to a few funds within a single fund
family or a few fund families. There are no stop orders and the
execution typically takes days vs seconds. The amount of assets
that the average person has in "Tradable Assets" is considerably
lower than the figures for 401K averages by age.
Jonesy85 blowing us normal guys out of the water. Was fun
swimming with other people who reooil at $125 per month pricing.
Sigh. This is how people in Texas feel when Californians move in
One suggestion for marketing: consider CUTTING prices by 50%
or more and then launching some social media ad campaigns. Polar
opposite of the way it seems to be going, but I think it would
massively increase the subscriber base relative to the other option
of raining current subscription prices.
Think about it this way - what account size does the everyday
man need to have in order to justify a BPT subscription? Well,
there isn't a right answer, but suppose someone pays $300 per 6
months or $600 annually for BPT. If the potential subscriber
has a $10K account (self directed), then I think most of us would
agree that paying 6% for a newsletter is shooting themselves in the
foot. If they have a 20K balance then it is 3%...stil really high.
40K is 1.5%...still high. Let's say .75% of tradable assets is a
reasonable fee to be paid by a consumer of a newsletter service.
That means your base level clientele should have at least 80K
in a tradable account. All of the sudden you're in fairly rarified
air. If you keep the prices lower, even lower them from current
levels, it's not completely unlikely that you would not only gain
total subscribers, but would keep existing subscribers in the fold
Matt, love the detail you included on the trade setup.
I could be wrong, but I don't think stops execute outside of
RTH. I've seen the option on some platforms, but I don't
think it's actually functional. Again, I could be wrong. My order
default on my primary platform is for ext hours to be
included...but I've never had a stop trigger that way (I wish....I
would lean less heavily on options if they would always
trigger...gaps are nightmares for stop order users)
Matt, IRT "the daily trigger needs to take out
yesterday's highs by 1 penny"....is that on a closing basis? I
assume it is, but thought I'd ask.
I suspect we may resolve higher in the short term...but it's
just a feeling. Also, Guy Adami on Fast Money often comments that
the market doesn't typically give traders a lot of time to sell
tops (or buy bottoms). That would also suggest a short term
ASPS - great call by someone yesterday or the day before about
this coming into the 9 EMA. I bought a large handful of 17.5 strike
calls and they are already up 180%
FTX founder (SBF) was Biden's largest donor and 2nd largest for
the entire DNC. In other news, there are no criminal charges yet
for SBF or FTX. Shocker.
MLPX - this ones been riding the fence for weeks now.
Seems like it wants to break above trend line, but not quite
MACD KISS short setup - first person to spot one on this bounce
and post gets a prize (my thanks)
Nice! Good day to be long premium! My short premium trades are
up nicely, but nothing like that, because vol is working against
SPX shorts from earlier today & yesterday = Christmas
in November :)
OMG, I hope this is fake news. If not, I bet Russia denies it
but the US and West will push towards escalation anyway. They have
been desperate to get attention back on Ukraine so they can funnel
more funds over there for who knows what.
ASPS - I don't hold stocks, for the most part, but I bought a
chunk of this way back when Matt first starting posting about it
(feels like years ago). Anyway, I was selling covered calls every
month against it and doing just fine (lots of juicy premium to
harvest). I finally stopped selling calls against it about 6 weeks
ago because it looked primed for a move but also because my cost
basis is so low at this point that it's like playing with the
houses money. Anyway, good call - I'm up about 40% now, not
including premium sales.
I know this administration will continue to flout the
constitution time and time again (in this case not allowing
foreclosures, etc, which infringes on property rights, among other
rights) but eventually the courts step in an remind them they
aren't Kings (like with the recent rulings on student loan
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