LPI - here's one I saved in my chart list to see how it aged
over time. I kidded Steve that it didn't look so hot on
the monthly chart even though it provided a good short term
trade.
The blue vertical line was the initial trade on the 11th and
shortly after it began dropping like a rock until it hit bottom a
year and a half later after a 24X haircut.
That means if you had shorted it with $100,000 it would have
been worth roughly 2 1/2 million at the bottom.
That's why I like to look at weekly and monthly charts. It
eliminates the noise of the daily charts and allows you to see the
major trend, patterns, ect.
In this case four trending indicators were negative at the time
on the monthly chart - moving averages, aroon, psar, and vortex.
In contrast, the daily chart just looked like noise.
Which trade would you have liked to take. Both is a good
answer.
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LPI - here's one I
LPI Option Alert: Sep 21 $8 Calls Sweep (31) at ...
Posted by roger on 31st of Jan 2021 at 09:49 am
LPI - here's one I saved in my chart list to see how it aged over time. I kidded Steve that it didn't look so hot on the monthly chart even though it provided a good short term trade.
The blue vertical line was the initial trade on the 11th and shortly after it began dropping like a rock until it hit bottom a year and a half later after a 24X haircut.
That means if you had shorted it with $100,000 it would have been worth roughly 2 1/2 million at the bottom.
That's why I like to look at weekly and monthly charts. It eliminates the noise of the daily charts and allows you to see the major trend, patterns, ect.
In this case four trending indicators were negative at the time on the monthly chart - moving averages, aroon, psar, and vortex.
In contrast, the daily chart just looked like noise.
Which trade would you have liked to take. Both is a good answer.