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Until my sophomore year in college, I thought the dark green part of the sponge was a handle... then I was informed it was a hard scrub for harder dirt spots.
Benjamin James
you're a guy, aren't you
Tyler Barnes
WHAT THE FUCK dont short JNJ thats literally the biggest healthcare conglomerate
McDonald's, they own tons of real estate and can feed the masses
Landon Nguyen
The Nikkei only gaps down 100 points Strong suppport
Cameron Kelly
I dunno, I'm drunk lol. I still think gold has room to fall before it's next leg up. I wish I was paying closer attention to the GLD fund with regards to the spot price, and relative strength of the dollar but it is getting close to support. Lots of big money is flowing into long gold positions and accumulating for the next leg up, but if the dollar keeps going up shit this gold is going to be worthless crap and men around the world will be using green backs to get ladies to drop trough.
Oil still has room to increase, we're not even close to this one topping out for the season.
Now lets get to SPY and VIX. I think the natural ebb and flow right now is to see this VIX hit 16 some time tomorrow and settle its self back out. This would mean open longs when this is pointed out to everybody.
Jaxon Anderson
step 1. ingest 1/3 bottle of your painkillers. step 2. drink 5 shots of whiskey. step 3. take a traders nap.
Levi Taylor
This, Mcgriddles are dank Buy Mcdonalds
Alexander Hall
seriously guys ALT could be a multi day runner..
i really don't want to hear you pessimistic response.. either buy or dont and kick rocks
Chase Jackson
>JNJ thats literally the biggest healthcare conglomerate Kek, I just thought the did baby lotion and shit
Joseph Ross
Big5 you're acting like a ST fag. Stop you're better than that. An interesting short to look into is Jack in the box. ST page is completely dead before earnings, much like PZZA was when I shorted them. It's looking to break out in one direction or the other and if it breaks out read tomorrow, thats not a good sign for earnings.
Jaxson Sullivan
Go into your bathroom and kitchen, and look at how many products say Johnson and Johnson, Procter and Gamble, and Kimberly Clark
I already bought faggot. Where’ve you been all day
Parker Hernandez
hahahaha
Joseph Edwards
>Big5 you're acting like a ST fag. Stop you're better than that. sorry.. a little drunk and took some xanax.. just getting tired of some of the pessimistic attitude itt surrounding potential runners.
Someone will bash a low floating biotech pennystock while it's gaining momentum but then try to pump something like XOM or KO as if we can even put a dent in a market cap like that..
Aaron Baker
You dont think we can pump Ko? have you lost all confidence in SMG? Sad!
I said it earlier, if ALT can hold these price levels for 3 days, I think they will be golden. Tomorrow morning is going to be so crucial to the future of that stock. As we saw with HMNY, they weren't able to do that. I just think that if people want to gamble on penny stocks, why not set up some basic indicators and swing SPY options? Way less risk and better returns faster.
Carter Anderson
Didn't you see demolition man, they're getting rid of the stuff we use to wipe our ass and clean shit up in the future.
Wyatt Powell
if it took you 10 years to make it to 100k would you have the balls to day-trade it and go after moons, options etc? be honest, no larps. knowing that 10k lost is roughly equivalent to wasting a year of your life. would you risk it?
I would set aside half of it in safe investments like VTI or high dividend paying stocks like ORC. The other half, yes you can bet your ass I would be daytrading it, but strictly on options. I made more in a month trading options than I did in a year "investing" although I spent a ton of time studying TA and learning general strategies for trading. It really comes down to how much money you need for living expenses.
Nathaniel Sanders
how are my AMD longs?!?
Robert Reyes
It will probably pull back after the crypto convention. AMD trades a lot like Ford, it generally stays in a $3 range forever. Only good for swing trading.
Mason James
Also consider the fact that you could make 100k over 10 years by working at mcdonald's. You need to be more aggressive if you really want to pull ahead.
Logan Rogers
I can't recommend going all in day trading options. Really easy to get fucked
>I said it earlier, if ALT can hold these price levels for 3 days, dude why wait 3 days the fucking market cap is only around 13million.. you are the person i am talking about. thats not how nano caps work.. everyone waiting 3 days and not buying is what kills the momentum... my goodness lad do some research.
As we saw with HMNY this is nothing like an HMNY play.. HMNY was a short squeeze with over 40% short interest.. way different...
>why not set up some basic indicators and swing SPY options? because that is gambling on thinking you know where big money is going to take it.. it's not really trading..
seriously you should do some research on how stocks work and how market cap is important with relation to volume...
just saying.. if this thread knew more about how an actual stock works and not pay much attention the company we could be making alot better plays.. plenty of OTC stocks gain 20-100% a day and they have shit to show for on their financials
Andrew Roberts
100k invested. you couldn't do that working mcd unless you lived at home those 10 years and paid for nothing
Jeremiah Price
very true but something is different this past month.
It got pumped with Nvdia but didn't get dumped after which happened every earnings before.
Its been green on red market days..
a lot of positive articles (wtf? usually there is a lot of bearish shit on AMD) and just general positive sentiment.
Commercial business getting built in and Lisa has stopped giving shitty guidance. She's very confident in EPYC and server business.
AMD seems to be gaining traction in China...JD.com is in, Baidu as well (mentioned last year but maybe now they are ready to go full AMD)..there are so many chinese tech knockoff companies that this would be unreal for AMD.
7nm on track...
GPU business garbage but at least market stopped reacting to crypto being mentioned in earnings.
Isaiah Brooks
Getting dark Time to review my RobinHood portfolio for tomorrows gameplan
Their 52 week spread is $6, it's smack dab in the middle of that right now, thus $3. Big5 you are missing my point. I'm saying if the stock can hold their price for 3 days, it will probably stay that way. I don't buy shitty small cap penny stocks in general. You are reaching peak retardation and clearly the xanny bars are kicking in. MA cross can tell you a lot about what direction SPY is heading. It's how I made 100% today on my put. I know what i'm doing, and I watch people everyday butcher their portfolio's investing in turd companies. Keep on eye on Macy's, that looks like a very interesting play tomorrow.
Jace King
dude definitely get a C&D from mike tyson. that shit will be worth a lot of money once he dies from a heart attack.
C&Ds are my favorite way to get autographs desu
Nathan Ortiz
Also, do you guys do any gambling plays with options or do you guys have systematic strategies or ways to make money?
I know options are all about hedging but I have not got that deep into all the strategies that exist (straddling, etc).
I just try to find massive over-reactions and look for cheap options..
Adam Lopez
The two indicators I use a lot are MA cross and bollinger bands. I do a lot of ER based options but I only do them on companies i'm pretty sure about. I don't have a ton of money in the market but I made 62% this week by playing very specific options around earnings, or SPY options when there aren't any good ER plays.
Hunter Hall
>Big5 you are missing my point. I'm saying if the stock can hold their price for 3 days, its only a three day trade you doofus! by the time it gets to 3 day's it could climb over 100% and start droping.. thats how nano cap pump and dumps fucking work, they wait for people like you thinking that the price is going to stablize after a 3 day pump and dump lol
>I don't buy shitty small cap penny stocks in general. exactly.. you probably have no clue how a stock works.. stick to your SPY you boomer
Julian Gray
It'll take you 30 years to make it with that kind of attitude.
Wyatt Rogers
These are all technical indicators you estimate based on your brokers historical graph? or do you pay for real time data? historical data? or have some automated thing setup?
Caleb Evans
>tfw spent all my bitcoin gains on degenerate drugs instead of investing it into the DOW
>its only a three day trade you doofus! by the time it gets to 3 day's it could climb over 100% and start droping God damnit big5, I am never going to buy ALT. Obviously in three days the boom or bust is going to be over, i'm saying we will find out who is right in 3 days you mong >exactly.. you probably have no clue how a stock works.. stick to your SPY you boomer SPY OPTIONS! I do not buy straight up SPY brainlet. I don't normally have any issues with you, and generally enjoy your posts but you are clearly medicating yourself out of nervousness. I use tradingview and thinkorswim, without those I would have never had the level of success I have had. It's mostly a combination of historical and real time data.
kek so they finally bit back? you had a really good streak on those suckers though. all said and done (combining today) i wasted three weeks and about $1000 trying to get those to work. me thinks im gonna stop trying to fuck around with equities market unless i see an OBVIOUS reversal point on the daily candles (and no more daily contracts, even though im a sucker for the thrill). im going back to what i was doing, which is calling macro moves on commodities and bonds.
right now i got >CORN calls >SLV strangle (more a vega trap than anything) >TLT calls (which ill flip back to puts once i see a sign) >a couple moonshot UVXY calls as per tradition >just sold my USO calls, may shift over to XOP because of the better leverage im getting, but might just buy some USO outright was thinking about maybe daytrading GLD options, and maybe some HYG puts (rather than doing puts on SPY where i get fucked HARD like 50% of the time)
anyone think of any other slow moving things that i can extract huge gains out of with option leverage? trying to simplify my whole process and cut out my gambly moves somewhat
theyre not as fun tho i wanna buy fake contracts on REAL things
Kayden Lee
>God damnit big5, I am never going to buy ALT. Obviously in three days the boom or bust is going to be over, i'm saying we will find out who is right in 3 days you mong in 3 days the trade is over you mong. I can understand if you are too big of a pussy to gamble a few hundred bucks for 3 days on a penny stock.. but don't pretend like you aren't just a big pussy that isnt afraid to gamble a few hundred bucks on a penny stock for a few days!
one day you will learn how to seperate the stock from the company it is supposed to follow. Until then [BULLSIH] rocket emoji rocket emoji rocket emoji rocket emoji money emoji money emoji money emoji (picture of some random guys lambo with cash on the hood) YOLO
doesnt matter If you do options and penny stocks you will go broke within a few years
Do you want to go broke or do you want Golden Income? Doesnt anyone here think more than a month in the future? I mean this is your life savings right?
I am screen capping this because you are on Bagholder™ levels of fucked up right now. If I want to gamble, I gamble on options and make my money overnight, not on 3 month intervals.
Noah Watson
Eh I got a little fucked the last two days. I did not spot the reversal at all. Was not watching futures and 10Yr yield like I normally do.
Isaac Hall
ALT TO THE FUCKING MOOOOOON
Jayden Phillips
>If you do options and penny stocks you will go broke within a few years lol bullshit! I make most of my money trading OTC stocks and the people I learned from are multi millionaires that make most their money in OTCmarkets.. the jews would have you believe other wise because they want you to buy their overpriced blue chips
>If I want to gamble, I gamble on options and make my money overnight I do the same thing, doesn't mean that's all I do. Different strokes for different strokes i guess
Gabriel Peterson
You won't remember this night, but you will laugh tomorrow.
I know that you say youve been profitable for 2 years, but that is not 20 years like I want
Adrian Hernandez
Lmao
Lincoln Miller
>I know that you say youve been profitable for 2 years i've been profitable for alot longer than that buddy, the 2 years is just a specific strategy for specific share structure setups....
i'll remember, i'm not that fucked up... yet.. just on a roll today
Jayden Taylor
Even if you are, are most capable of being profitable traders? The answer is no Mega caps are on sale right now, the risk reward for future is clear
Charles Moore
>Mega caps are on sale right now maybe some of them are.. it's just not the way i like to trade
Camden Richardson
>Do you want to go broke or do you want Golden Income? lel i AM broke so this is irrelevant. money does not phase me, and the loss of money merely gives me a momentary sinking feeling in my balls. ive learned to internalize it
>Doesnt anyone here think more than a month in the future? thats what im unironically pretty good at. i just need to go back to what i WAS doing which WAS building up my stack in a significant way (ie MUCH longer options contracts on non equities underlyings (like 1-2yrs) and adequate use of hedging)
>I mean this is your life savings right? yeah but its fucking pennies either way. its literally less than some people put on single positions (Different strokes for different strokes i guess this rings true. i could try following your plan and do exactly what you do, note for note, and id still probably fuck up. i tried to do what bear did these last couple weeks, and screwed myself really fucking hard. but looking back, the way i was doing it before was WAY more profitable than what im doing now, so weve come full circle. you gotta do what youre good at
Robert Scott
I don't tripfag but I have argued with you in the past in length on how big5 is a shit stock and you kept your cool the entire time, which is why I don't take anything you are saying to heart. This is just something I would expect from baggie after a couple of speedballs not from you kek.
Lincoln Turner
>you gotta do what youre good at thats true.. I've been trading for years and people ask me if i can teach them i tell them i don't really know them well enough because everyones personalitys are different and they all see things different, i see share strucuture, supply & demand, accumulation/distribution but some people have a very very hard time seeing that or understanding that but they may understand momentum of when a stock is going up based on orderflow, or when a stock is going up based on hype and news.. or they may understand how a stock is extremely overvalued and become good short sellers.
Trading really is a personality game in a way
Samuel Campbell
>i tried to do what bear did these last couple weeks, and screwed myself really fucking hard. Imagine my SHOCK
its just really mind boggling with some of the newfags in here and their logic. Not understanding how a stock doesn't always follow the company is attached to amazes me. So many times i've seen stocks gain 100%+ and people go.. b-but it's just a penny stock that has shit fundamentals... lol NO DUH!! its about the trade not the company..
William Nelson
late night big5 a best big5 imo dude always gives me honest as fuck advice after the bell and look theres some. i dont question big5s particular stock picks as they are his turf, not mine. like i said, i could follow his moves to the tee, and id still prolly fuck up
hey ya gotta try. it may have been an expensive lesson, but its given me new ideas on how to play commodities going forward and net myself some extra leverage. megacaps just aint my style really
Brody Cook
Yes I am aware of that. The traders mostly call the shots not the company. But penny stock traders have some of the weakest hands on the market, which makes the volatility crazy when it doesn't need to be.
Christopher Ortiz
Like I said, big5 is in rare form tonight, and that usually only comes with some stress induced bender.
Xavier Peterson
>But penny stock traders have some of the weakest hands on the market if you understand how stocks work you'd understand that it's not penny stock traders with weak hands.. but i'm not going to go into it with you because obviously you haven't been in this long enough to grasp anything id tell you behind share structure.
Adam Carter
>So many times i've seen stocks gain 100%+ and people go.. b-but it's just a penny stock that has shit fundamentals kek yeah the stunned looks on peoples faces when you explain "it went up cuz a lotta people bought it today" says it all. most people will never be able to into trading
idk im not gonna shit on him for calling ALT. and while im not gonna FOMO in, as im cutting myself off from regular stocks for a while, i dont doubt itll run for a couple days. i guess im not really getting the argument here, i just kinda slipped in here uninvited
Gavin Cruz
>which makes the volatility crazy when it doesn't need to be. also.. the volatility isn't coming from weak hands.. its coming from being a small market cap in relation to volume.. again.. too deep for you to understand.
You're probably right.. YOU should probably stay out of penny stocks until you have some more experience under your belt
Adam Watson
Yeah but Eternal Bear already lost his portfolio -50% like 5 times this year, not a good person to learn from
Owen Adams
Ok we obviously aren't gaining any ground with eah other. I have found a strategy that works for me, even being a poorfag. If you think i'm larping, i'll post my portfolio, but otherwise call it a difference in opinion. He has been calling ALT the play since it was $2, he's still in the hole big time by that advice.
Lucas Murphy
Nobody does megacaps exept for me Im truly all alone
>He has been calling ALT the play since it was $2, he's still in the hole big time by that advice. ummm no i haven't.. i found ALT from this thread.. i wasn't the only one shilling it, i started around 1.50 and dropped alot of my bags at .80 and loaded again to average down at .49.. but if you understood my strategy.. which you probably don't youd know i'm not that far in the hole as you would think
watch this video when you have time and educate yourself on share structure while you're at it
>we obviously aren't gaining any ground with eah other we aren't gaining any ground because your head is too far up your ass to understand anything i am telling you.. keep trading SPY options if that works for you.. i really don't give a shit anymore
William Lee
>e aren't gaining any ground because your head is too far up your ass to understand anything i am telling you Fucking irony, however I will watch the video, thanks for that.
Isaiah Rivera
hes better than me at some things, though. imo thats the advantage of the chans. while everyones retardations and shortcomings mix together in a (sometimes) horrifying way, their weird freak savant skills come together and synergize too. ive learned a lot about this shit from some (probably) literally retarded motherfuckers. its the message, not the sender. all you need is a filter, and after ten years on these godforsaken things, i definitely have an adequate filter
>He has been calling ALT the play since it was $2, he's still in the hole big time by that advice. thats how those kinds of plays go sometimes. the difference between me and big5 (in addition to him having more experience) is that while he can hold something digging himself a tremendous hole for a year or two, id prolly just sell. and then id do it again. and again. i just dont have the mindset it takes to trade those kinds of plays, ESPECIALLY not when they go wrong (which statistically WILL happen, so you need to know what to do)
Aaron Watson
>the difference between me and big5 (in addition to him having more experience) is that while he can hold something digging himself a tremendous hole for a year or two, >year or two Again play options instead and get it over with in a day or two when the time is right. Remember PZZA profit? That was me.
Oliver Allen
lol im not trying to take sides guys. just saying, you guys both trade completely differently. it makes sense that you all dont understand each others methods.
personally, i agree, as i like the quick "win big or fucking kill me" type plays that options put you in. but big5 has helped me to understand (or at least pointed me in the direction) how to read and analyze depth charts better. and while im applying it on WAY other things, its definitely helped.
>Remember PZZA thanks again. i fucking needed that. it was a bad week
Jaxson Flores
You don't have to take sides, I like big5 but he is fucked up on booze and xanax. I know this isn't really him. I'm getting fucked up on beer too but I know the difference between the normal big5 and this guy. We have different trading styles and that is fine.
>while he can hold something digging himself a tremendous hole for a year or two i don't really "dig a hole" i dollar cost average which would be deemed "accumulation spots" when the trade doesn't go my way i cut alot of my position.. wait for some support to be found and accumulate again.. i also don't usually hold for longer than 8 months.. most the time in penny stocks i don't even hold for longer than 1 month sometimes not even longer than a week.. every stock is different..
Every stock will play different though, some stocks i just say fuck it i'm done.. some stocks i only trade options due to low volatility..
I'm also able to trade that way on the longer time scale because i have many sources of income which most people don't have and i usually do DD on a stock i plan on holding for longer than a week
Grayson Martinez
SPY will be green tomorrow.
Michael Stewart
PLEASE
my moonshot calls on VIX will be like an undo button for the whole last couple weeks
