Stock Market (25 Viewers)
- Thread starter AFL_ITALIA
- Start date
OP
I don’t know guys, I don’t like how we closed on Friday. On /ES we closed below 4500 since we kept rejecting 4520 which is pretty big resistance. /NQ looks even worse on the weekly candles. I think we could go back to retest 4200 on ES, and we still have that small gap around 4000 that needs to be filled. Bought some SPY puts at the close because of it.
I’m also noticing that later in the week we tend to just range between various levels recently. Premium value is getting wrecked as the indices don’t move much and volatility is low, so the call writers are making bank with dumb shits like me holding weeklies expecting a move. Next week will be interesting with some of the data and then the Friday holiday.
I took profit on PLTR but might re-enter if it finds good support. Bought WMT on the breakout last week. Finally shorted DIS because I hate that stock. Lost money on OXY and then of course it rallies 7% a few days after I sold calls.
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I had a great trade but fucked up because I got greedy. I just never fucking learn. Could have had a 500 bagger but lost half of it because I’m a tard.
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I always wait until the last minute. Fuck them.
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I still don’t think people realize how fucked things really are. My parents are trying to buy a new house somewhere they want to be, putting in an offer slightly above asking price with incremental bid raises against other offers, only to have their bid rejected and the same house goes back on the market for 25% more.
These fucking goons are literally stink bidding houses. I told them to just wait another year
Shit like that makes me angry. Pretty please, can we have another 2008 already? There is way too much scum making money in houses and mortgages and they need to be brought back to reality. Fuck them. And fuck Zilllow, too.
/rant over
I’m also noticing that later in the week we tend to just range between various levels recently. Premium value is getting wrecked as the indices don’t move much and volatility is low, so the call writers are making bank with dumb shits like me holding weeklies expecting a move. Next week will be interesting with some of the data and then the Friday holiday.
I took profit on PLTR but might re-enter if it finds good support. Bought WMT on the breakout last week. Finally shorted DIS because I hate that stock. Lost money on OXY and then of course it rallies 7% a few days after I sold calls.
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I always wait until the last minute. Fuck them.
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I still don’t think people realize how fucked things really are. My parents are trying to buy a new house somewhere they want to be, putting in an offer slightly above asking price with incremental bid raises against other offers, only to have their bid rejected and the same house goes back on the market for 25% more.
These fucking goons are literally stink bidding houses. I told them to just wait another yearShit like that makes me angry. Pretty please, can we have another 2008 already? There is way too much scum making money in houses and mortgages and they need to be brought back to reality. Fuck them. And fuck Zilllow, too.
/rant over
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OP
I still don’t think people realize how fucked things really are. My parents are trying to buy a new house somewhere they want to be, putting in an offer slightly above asking price with incremental bid raises against other offers, only to have their bid rejected and the same house goes back on the market for 25% more. These fucking goons are literally stink bidding houses. I told them to just wait another year
Shit like that makes me angry. Pretty please, can we have another 2008 already? There is way too much scum making money in houses and mortgages and they need to be brought back to reality. Fuck them. And fuck Zilllow, too.
/rant over
These fucking goons are literally stink bidding houses. I told them to just wait another yearShit like that makes me angry. Pretty please, can we have another 2008 already? There is way too much scum making money in houses and mortgages and they need to be brought back to reality. Fuck them. And fuck Zilllow, too.
/rant over
The only people that would ever do anything about this is the very far left, and they won't be getting any significant power anytime soon.
The Fed wants to maintain control of the financial system, they don’t want to see crashes or parabolic moves in shit people need because it exposes them as frauds. So they may opt for a controlled demolition of inflation and housing, which is probably why they’re doing the periodic rate hikes. But they know housing is another bubble, just look at this chart. They know the game is up.
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And futures are nuking. They will probably recover closer to open tomorrow since I have puts. I should just start trading futures smh
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And futures are nuking. They will probably recover closer to open tomorrow since I have puts. I should just start trading futures smh
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Just another fun day in the market with friends am I right guys haha
Im probably switching to futures because options are just too tricky in this environment. At least with futures you don’t have to worry about v wrecking premiums.
OP