Posted by mastermind on 12th of Jun 2024 at 09:24 am
First order of business is to stop the bleeding. The timing is
tricky, but it's well past due. What you could do is wait until the
3rd half hour of the day when there is often a pullback and then
set a stop below the low of SPXS, or whatever your short instrument
is. Since it's hard for you to hit the sell button, let the market
take you out if it goes against you more. Then scale into some new
issues from the STS tables. I bought DDOG after hours yesterday,
and it's coming off the bottom, not a high flyer, which seems like
it might be your style. But figure out what kind of stocks you want
to own in this bullish environment.
Posted by icecoldjones on 12th of Jun 2024 at 09:52 am
Thanks for the response and good advice Mastermind! I actually
am in SPXS and I just need to swallow my pride and sell, probably
before JP takes this to the moon this afternoon.
Posted by DigiNomad on 12th of Jun 2024 at 10:25 am
JPOW adjusting speech and strategy on Q&A - this move gives
him top cover to be more hawkish. He knows better than anyone
that the wealth effect is inflationary so he's got to balance the
scales. Spiking higher at the apex of rising wedges and all time
highs and then telling people policy is restrictive starts to erode
credibility (but I did call the spike up and out of the
wedges...ice cream cones melting in zero g)
Unemployment rising and the rich partying in the streets.
History never repeats but the story only changes slightly each time
as cultures always inevitably slip to the left and the wealth
divide explodes wider.
Posted by DigiNomad on 12th of Jun 2024 at 10:46 am
Regression prediction indicator had SPX at 5700 by mid Aug, but
that seems bearish. CNBC is in party mode with rate cuts
incoming talks...because the market is parabolic so we really need
a boost.
First order of business is
Raise stops if trading long
Posted by mastermind on 12th of Jun 2024 at 09:24 am
First order of business is to stop the bleeding. The timing is tricky, but it's well past due. What you could do is wait until the 3rd half hour of the day when there is often a pullback and then set a stop below the low of SPXS, or whatever your short instrument is. Since it's hard for you to hit the sell button, let the market take you out if it goes against you more. Then scale into some new issues from the STS tables. I bought DDOG after hours yesterday, and it's coming off the bottom, not a high flyer, which seems like it might be your style. But figure out what kind of stocks you want to own in this bullish environment.
Thanks for the response and
Posted by icecoldjones on 12th of Jun 2024 at 09:52 am
Thanks for the response and good advice Mastermind! I actually am in SPXS and I just need to swallow my pride and sell, probably before JP takes this to the moon this afternoon.
JPOW adjusting speech and strategy
Posted by DigiNomad on 12th of Jun 2024 at 10:25 am
JPOW adjusting speech and strategy on Q&A - this move gives him top cover to be more hawkish. He knows better than anyone that the wealth effect is inflationary so he's got to balance the scales. Spiking higher at the apex of rising wedges and all time highs and then telling people policy is restrictive starts to erode credibility (but I did call the spike up and out of the wedges...ice cream cones melting in zero g)
Unemployment rising and the rich partying in the streets. History never repeats but the story only changes slightly each time as cultures always inevitably slip to the left and the wealth divide explodes wider.
Check withAI to see what
Posted by ruidoso on 12th of Jun 2024 at 10:44 am
Check withAI to see what he can say, to juice it more.....
Regression prediction indicator had SPX
Posted by DigiNomad on 12th of Jun 2024 at 10:46 am
Regression prediction indicator had SPX at 5700 by mid Aug, but that seems bearish. CNBC is in party mode with rate cuts incoming talks...because the market is parabolic so we really need a boost.
6K soon ...
Posted by mla127 on 12th of Jun 2024 at 10:52 am
6K soon ...