3309 Drysdale Ct
Edwardsville, IL 62025
Best wishes on your 50th birthday Matt!
Congrats on your trades, great charts - keep them
Thanks Matt. So glad to be part of this community and grateful
for the work you, Steve, and team do.
No problems trading on ToS. Try rebooting if you haven't
I hope he was following the SPY system and bought
the trades are all on the spreadsheet - including the MES. Check
trim and trail
Steve, thanks for all you do to help us be successful. You're in
my thoughts and prayers this week
This is great a lot of us following short term symmetry in real
time. I'm learning a lot. I think we need another small push up for
a decisive break and then pullbacks can be bought. Would love to
hear from Matt on this
Matt, has the QE BTS ever taken a 4th entry?
you will own nothing and be happy
piclez, SPY systems do go short. But since they are Reversion to
Mean systems they would go short when there is a large, quick move
up in a bigger downtrend.
I am in a small options trading group that follows the TW
methodology. Many of the trades are selling Strangles and
Iron Condors the day before Earnings to benefit from the volatility
crush. Truth be told this has been the worst Earnings Season in
memory, with many stocks moving well over 2x their expected
earnings move causing traders to be deep in the money with short
options. Case in point, DOCU, down over 35%. If you sold a
Dec 3 190 put yesterday to pick up .65 credit, you would now be
dealing with that same put which is worth 45.65. That's a $4k loss
overnight. Fortunately, I sat that one out. Sometimes the best
trade is the one you don't do. ;-)
I've started taking Melatonin and it has really helped me sleep
better - just 1mg nightly
Thanks for the video and posting these examples, I am finding
them very helpful on how to better manage trade ideas.
retirefire - "It's a big club and we ain't in it."
On a TA note of MARA. If you look at the weekly chart, the
low for the week is right at the 9/20 intersection, then nice move
up. Funny how those charts seems to be in the right place at the
right time for news events ;-)
BlackRock Inc. (NYSE: BLK), the world's top asset manager,
which controls an astonishing $9 trillion, invested in two publicly
traded cryptocurrency mining companies
What Happened: BlackRock's Form 13F SEC filings reveal that it
has acquired stakes in cryptocurrency mining firms Marathon Digital
Holdings (NASDAQ:MARA) and Riot Blockchain Inc. (NASDAQ:RIOT).
More precisely, the asset management behemoth acquired 6.71%
of Marathon Digital Holdings, equivalent to about $207 million, and
6.61% of Riot Blockchain, equivalent to about $175 million.
Reminder: Anyone in COMP - Earnings AMC today
jtsurfah, thanks for the idea. I sold a call near the close
before the EOD drop.
Honestly, if you have the time to read a TA book, I wouldn't. I
would make sure I review, listen, and study the BPT Newsletter
nightly and on the weekend. Analyze past trade set ups, see how
they did. Really learn what Matt and Steve are sharing. In my
opinion, they are the best in the business. If you want to read, I
would suggest Mark Douglas: The Disciplined Trader and Trading in
the Zone. The psychological/mental aspect of trading is much more
difficult to master than the technical side. That is where most
traders fail. Even following Mat and Steve, I have not been that
successful trading directionally. My fault, not theirs. Recently, I
have moved toward probability-based trading (credit trading with
options) and have been much more successful than trying to trade
directionally. But that is me, you have to find what works best for
you. It is truly a journey. It has taken me 10 yrs of
struggle to find this out. Now I take what I have learned from Matt
and Steve to enhance my credit trading and it is working out well.
Also have been taking the SPY system trades which have been
amazing. Hope that helps.
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