IM A CHART WORSHIPPER. REXX LOOKS SOME SEXY IF THIS 5 AREA HOLDS UP.
FLML LOOKS A LIL SCARY. THAT RECENT 50% ONE DAY SPIKE DOWN IS TELLING ME TO GTFO.
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IM A CHART WORSHIPPER. REXX LOOKS SOME SEXY IF THIS 5 AREA HOLDS UP.
FLML LOOKS A LIL SCARY. THAT RECENT 50% ONE DAY SPIKE DOWN IS TELLING ME TO GTFO.
Oil. After holding $52 for a couple of days it is giving some back. $50.50. Nice plunge and I was lucky to catch a candle or two down.
I loved this
Wall Street dreams of a V-shaped recovery of everything because that’s where the quick and big bucks are to be made. Prices even in the current range are unsustainable for the industry, the report pointed out, and will entail a wave of “disinvestment from oil,” of the type we’re already seeing. But then, after oil plunges into the $20-range, presumably by no later than the third quarter, mirabile dictu, the price will soar, according to the report, and I mean SOAR, with Brent hitting $75 a barrel by the end of this year – more than tripling in a little over a quarter.
From $52 a barrel to $20 and then to $75 in just one year? That’s the kind of V-shaped recovery that dreams are made of. Every trader lusts for this. Wall Street lusts for it. Hedge funds can hardly contain themselves at the mere thought of it. So whose book is Citi talking up?
If the price of oil stays in the current range, liquidity for much of the oil patch will run out in 2016, and that’s when waves of defaults will begin to cascade through bank and private-equity balance sheets. And beyond that, investment banks stand to lose a lot: in 2014, Citi earned $492 million in energy-related investment-banking revenues – more than any other bank! More even than JP Morgan.
So Wall Street must have a V-shaped recovery in place by 2016, or else.
We have watched the price of natural gas drop to ludicrously low levels – and stay there. Natural gas producers have been bleeding for years. Those that could, switched production to shale plays that were rich in oil, condensate, and natural-gas liquids that brought much higher prices and allowed some of these gas wells to be profitable. But now, their prices have plunged as well, and that solution has gone up in vapors. Yet, production continues to soar from record to record! There has been no V-shaped recovery in the price of natural gas. And if or when there is a price spike, it won’t be the right side of a “V,” but a spike after years of terrible bleeding.
REXX Very cool Chaps. Wish we saw this earlier. $3.50 was god. Stocks love to fill gaps and the magnetic draw and the nice setup leading into that was choice.Quote:
Originally Posted by DJ_Chaps
Filling that gap also broke a resistance level and another leg up followed. So much confluence and in hindsight a beautiful payoff. I am deeply moved.
I wouldn't buy here but the speculators are on this huge. Action stock. I will follow this too. Good job.
Shouldn't you be studying Series 7? Just bustin balls. You're doing god's work.
Fuck a series 7, I just wanna trade again, nothing more or less.
Shout out to my boy Sidedish, still holding WWE and reaping a nice pop today. This thing is legit. Get long, or get lost. Fun reading shorts on stocktwits get their shit pushed in. See you back at 30.....this year.
Most of the prop shops require it, no? Did Chicago? I was just shooting the shit.
Tell you what. Every single friggin chart is poised for a breakout. AAPL through $120 was a textbook setup. Absolutely pure. They all look like that.
Even Krypt's LNG wants to go. I actually saw yesterday's red candle as positive.
Dow flirting with 18,000 again.
When things get this easy my experience has taught me the traders/market will rinse the weak hands. I feel a big tankage comin'. I am scaling some shorts with options. Starting small while still day trading long mostly.
I got absolutely no read or reason for being negative except that nobody else is (contrarian) and I just got a feel.
Quote:
Originally Posted by Sanlmar
For day trading at a prop firm, naw you don't need it. Chicago didn't require it (I gotta get back on that BTW). I only know US stocks (aside from a few choice names), so I don't even wanna waste my time getting any kind of Canadian cert, even tho there are options to do so.
Couple days ago I was checking out some random blogs posted by prop traders. I didnt bookmark any.
I swear 50% were ex poker players. I think that skew has something to do with poker players habit of posting hands and sessions and they just continued blogging as traders.
I need to find the blog about a kid in a prop firm who went zero to hero with $20 on PokerStars and then used his roll to post the $5k stake at his prop firm.
If your interested I can link some of the prop trader shit I been surfing. Some are great gambling tales full of flop sweat and suicidal thoughts.
You catch my post about MTurk? If someone wanted a zero risk way to grind a micro stake while sitting at computer this would be one way to go.
Keep at it.
I don't own WWE but it's one of those stocks where I look at stocks like Amazon, Netflix, and Chipotle and I'm like how are these stocks so high because of "wanting to own a piece" but something like the WWE is so low. In a world where reality television that is anything but real is the norm and History channel showing shit like werewolves and vampires how is it that the WWE stock price isn't skyrocketed to all hell?Quote:
Originally Posted by DJ_Chaps
I avoid them because I really just don't understand how someone would want to drop thousands of dollars on a $450 Netflix stock when you could buy like Berkshire and Hathaway B Stock for 150? I mean Netflix, Amazon, and so on don't even do dividends what is really the driving force here? Is there any real tangible value behind their stock price?
My old firm/shop was god, in that I didn't have to put up a dime. They covered entitlements and everything. Gotta be tough to find a remote prop gig with that set up.
Krypt. The fundamental vs technical argument.
You posted about LNG. I am following.
Ok. Now what do people of your persuasion do about entry price? You just see a good stock and buy it?
What have they taught you about that? Is there anything that you have taken issue with at school?
WWE CREEPING TOWARD HOD. GAP FILLS AT 17. NEXT KEY LEVEL FROM THERE LOOKS LIKE 20ish.
A stock's price is arbitrary. A $600 stock is no better than a $20 simply because of price.Quote:
Originally Posted by anonamooseI don't own WWE but it's one of those stocks where I look at stocks like Amazon, Netflix, and Chipotle and I'm like how are these stocks so high because of "wanting to own a piece" but something like the WWE is so low. In a world where reality television that is anything but real is the norm and History channel showing shit like werewolves and vampires how is it that the WWE stock price isn't skyrocketed to all hell?Quote:
Originally Posted by DJ_Chaps
I avoid them because I really just don't understand how someone would want to drop thousands of dollars on a $450 Netflix stock when you could buy like Berkshire and Hathaway B Stock for 150? I mean Netflix, Amazon, and so on don't even do dividends what is really the driving force here? Is there any real tangible value behind their stock price?
NFLX can decide to do a 12:1 split. Boom NFLX is a $20 stock with same fundamentals. It's a pain in the balls for companies to do splits.
AAPL is an example of a stock that split a couple times. (23,000% growth since start)
You don't shop price. 1000 shares x $20 or 100 shares x $200 is the same thing more or less.
Lol, Chaps shops the bruised fruit and dented cans section of the stock supermarket. Avoid the grey steak Chaps.
Quote:
Originally Posted by Sanlmar
LMFAO
:to
I understand that but what I'm saying is the numbers just don't add up in these situations. Like Netflix market cap is 27.7 billion dollars? I'm not simply saying hey ok Netflix is 450 dollars how can you justify paying that, it's that the stock price is grossly inflated to the company's actual value. What I'm saying is that there's really no financial backing to their share value based off of their market caps. I just don't see how a price like that is sustainable long term for a company like Netflix, something has got to break.Quote:
Originally Posted by SanlmarA stock's price is arbitrary. A $600 stock is no better than a $20 simply because of price.Quote:
Originally Posted by anonamoose
NFLX can decide to do a 12:1 split. Boom NFLX is a $20 stock with same fundamentals. It's a pain in the balls for companies to do splits.
AAPL is an example of a stock that split a couple times. (23,000% growth since start)
You don't shop price. 1000 shares x $20 or 100 shares x $200 is the same thing more or less.
Lol, Chaps shops the bruised fruit and dented cans section of the stock supermarket. Avoid the grey steak Chaps.
Yeah, I hear ya. I understand some people actually buy stocks as investments. I ain't smart enough nor willing to predict what Netflix will do 2 years from now.Quote:
Originally Posted by anonamooseI understand that but what I'm saying is the numbers just don't add up in these situations. Like Netflix market cap is 27.7 billion dollars? I'm not simply saying hey ok Netflix is 450 dollars how can you justify paying that, it's that the stock price is grossly inflated to the company's actual value. What I'm saying is that there's really no financial backing to their share value based off of their market caps. I just don't see how a price like that is sustainable long term for a company like Netflix, something has got to break.Quote:
Originally Posted by Sanlmar
I do know a lot of folks were short and NFLX has always been popular with the shorts. Look at the chart and you can see a lot of money was made that way.
Then they posted a great quarter and people got MURDERED. The squeeze is still happening. That has as much to do with the PE as anything else right now. It's poker.
This is another chart that where if NFLX breaks something like $475 it will go thermonuclear just cause people keep saying it is over valued and go short. They will be sweating bullets and panic buy to cover adding to the momentum of people just catching the wave up.
Sometimes price has little to do with reality and more to do with fear & greed.
To sum it up, be careful shorting NFLX simply for fundamental reasons (Krypt). It's a dangerous game. Short it when the momentum cools.
It's Friday, and oil up again this Friday.
Can anyone tell me the last Friday it didn't bump up?
Amaya/PokerStars is up $2.46 (8%) to $34.02
Why? There is something going on with Druff's dead friend Caesars.
The following is typical of first level reporting. I think chips are being traded and the relationship will be deeper than first reported.
Cool shit.
Caesars executive backs PokerStars for legalisation in US
A shift by Caesars Entertainment’s hard line approach against PokerStars’ entry into the Californian online poker market, could be a positive step towards legalizing and regulating the game on the internet in the Golden State. Previously, Caesars would not budge from its insistence that a bad actor’s clause be entered into any legislation, which would essentially have left PokerStars out of the market in the future.
Caesars is not simply being pragmatic about California legislation. Their problems are far more serious.
AYA = WSOP ?
Simp
Amaya/PokerStars is up $0.75 to $35.96
More or less where you started, eh? Pretty good recovery, but I am thinking of bailing now.
Chart threatening a negative head and shoulders pattern. I am also feeling a good rinse/sell off in the market overall.
Head and Shoulders Wiki
http://en.m.wikipedia.org/wiki/Head_...chart_pattern)
Somewhere close yes.Quote:
Originally Posted by Sanlmar
I'm trying to avoid looking at any stock market news/charts. I am blind with my eyes closed until I read the news and see oil has popped to $80 for some war/OPEC/whatever reason.
Enjoying the nice bonus of running a company paid in USD and converting it to CAD. Who needs to invest when you just get free money compared to a year ago?
Everything is a Rich Man's Trick
I am sure canadian oil is shipping Bitcoin to ISIS to help support pricing.
Oil & war.
Thank god for that spike in Gold futs this afternoon, my paper acct was at risk of turning negative for the month, I was relatively heavy there.
I canQuote:
Originally Posted by simpdog
LOLLLLL thanks for tapping on the knife that's in my stomach today.Quote:
Originally Posted by SanlmarI canQuote:
Originally Posted by simpdog
lottery stock pick alert. HMNY 3.50s need to be taken out. up huge today and yesterday.
before i can even finish this, 3.63 prints.
my paper acct has been on fire YTD. look at CRRS today too.
Not sure what oil is at but it's back up to like 2.25 a gallon
JESUS FUCKING CHRIST. SPIKES TO 4.22 ON NEXT CANDLE, NOW 3.99.Quote:
Originally Posted by DJ_Chaps
I NEED A REAL ACCOUNT IMMED. ANYONE KNOW PEOPLE WHO BACK TRADERS? I KNOW THESE PEOPLE EXIST. LOL
Quote:
Originally Posted by DJ_ChapsJESUS FUCKING CHRIST. SPIKES TO 4.22 ON NEXT CANDLE, NOW 3.99.Quote:
Originally Posted by DJ_Chaps
I NEED A REAL ACCOUNT IMMED. ANYONE KNOW PEOPLE WHO BACK TRADERS? I KNOW THESE PEOPLE EXIST. LOL
I'm no Guru, but I think they call them investors
i ONLY SEE EM EVER REFERRED TO AS SIMPLY BACKERS, IM NOT STARTING A MICRO HEDGE FUND. BUT I NEED ONE. OR I NEED SOME TYDE LIKE RUN GOOD ON STARS. LOL.Quote:
Originally Posted by JUSTIFIEDhomicideQuote:
Originally Posted by DJ_Chaps
I'm no Guru, but I think they call them investors
Does $50 work?Quote:
Originally Posted by DJ_Chapsi ONLY SEE EM EVER REFERRED TO AS SIMPLY BACKERS, IM NOT STARTING A MICRO HEDGE FUND. BUT I NEED ONE. OR I NEED SOME TYDE LIKE RUN GOOD ON STARS. LOL.Quote:
Originally Posted by JUSTIFIEDhomicide
LOL SIMP. WE'D NEED A MIRACLE FO SHO.
If oil ever decides to have a huge pop I'll be in for investing some.Quote:
Originally Posted by DJ_Chaps
WORD.
JUST SOLD OFF MY CTCM. THAT'S A RUSSIAN MEDIA NAME THAT NIA HAS BEEN TOUTING IN EMAILS. I TOOK IT FROM 4 TO 4.50+ GOOD ENOUGH FOR ME.
you no fucking clue what you're doing. Literally just pushing buttons; have fun playing around in the penny stock sandboxQuote:
Originally Posted by DJ_Chapsi ONLY SEE EM EVER REFERRED TO AS SIMPLY BACKERS, IM NOT STARTING A MICRO HEDGE FUND. BUT I NEED ONE. OR I NEED SOME TYDE LIKE RUN GOOD ON STARS. LOL.Quote:
Originally Posted by JUSTIFIEDhomicide
:lol2
How much money can you make me?Quote:
Originally Posted by DJ_ChapsJESUS FUCKING CHRIST. SPIKES TO 4.22 ON NEXT CANDLE, NOW 3.99.Quote:
Originally Posted by DJ_Chaps
I NEED A REAL ACCOUNT IMMED. ANYONE KNOW PEOPLE WHO BACK TRADERS? I KNOW THESE PEOPLE EXIST. LOL
Im at 25% YTD trading relatively high risk high reward, pooh. Started a fresh 100k paper acct end of October, 149k today. 30k Ytd.
Eliot/Krypt, go tilt in someone else's thread, you don't belong in here. Tia.
What's the average duration of each trade?Quote:
Originally Posted by DJ_Chaps
Quote:
Originally Posted by PoohWhat's the average duration of each trade?Quote:
Originally Posted by DJ_Chaps
Anywhere from 20 minutes (or any scalp timeframe really), to a week or 2. Losers get cut short of course, depending on how they act (ie: we're in the black but a key support level is nearing).
Krypt
To paraphrase Stevie Wonder....
When you don't believe in things that you don't understand,
Then you suffer
Or you learn to like Ramen noodles
Over the years I have paid to get into certain trading forums. I once followed a guy who traded the little momo stocks. Until you have lived to see guys smoke this niche you will not understand. I have vivid memories of some fucking mammoth trades in stocks like Mark Cuban's MAMA. Stocks that arent even listed anymore. Lol, fundamentals.
Been following Chaps past year or two. He definitely has a pretty good track record with these stocks.
Back to Krypt
Three ways people get rich:
Compounding
Leverage
Skimming off people who use compounding & leverage. Lol Wealth management!
I am running flat out today. I don't have time to fuck with the useless PFA search feature. Krypt posted about two weeks ago about LNG - Cheniere Energy. It was trading in congestion around $74
He posted and I replied I liked it. We have PM'd about it a bit. Last night in the Radio Chat he asked me if I saw it at $77. It had broken resistance.
I never woulda followed if not for him. Today I caught a $5 dollar ride.
Lol, you can hate the hater but I think this kid has only ever posted one stock and it crushed.
Thank you for the kind words SANLGOD.
Minor correction: posted @ 71
Was it $71? Probably was.
I just can't actually buy there. We coulda waited weeks and it might never have done anything. We only had a theory or a bet.
Just like poker (and ALL the great traders have played poker) you are looking for the best EV. I was willing to give up $5 for a mortal lock over $76.
One day trade with very little risk for very nice reward.
I know you are just trolling the chart guys. I KNOW they do not teach technical analysis in college. Professors don't know that shit. If they did... those that can do and all that. Fundamental analysis is a dime a dozen, so they teach. So you know the fundamental side you love that and dis the technical.
Son's school has trading stations set up. But they just teach the data you can find. What is LIBOR and all that.
I have done everything I can to light a fire under his ass. I recently set him up with NADEX. But here's the thing. Kid is flat out with baseball and just trying to survive schoolwork that he hasn't caught the fever. But the shame is he could become a legend and build some cool shit for grad school.
YOU need to take some gambles trading technicals just to get your feet wet. Again, NADEX is cheap and simple. Whatever you might lose can be written off as a cheap education. You can buy in for $100.
Wish you would post something about college life. Give my left nut to have a "do over".
Lastly, how the fuck did LNG hit your radar? Honest. You guys talk about it in school? What is that class like?You hear something interning? Got a guru or inside access?
Just rambling