We might just see big sell-off into the close. Tough call. Where's Spooz when we need him? F-it... I'm gonna short dal again here in a bit. For the close. Too bad there isn't a 3X airline short etf pureplay. I'd bet the farm.
That magic number again. That would be 2978. If it falls, were back to a sell-off gradually down to 2690 again. We'll see some resistance at 2978 though. It won't go without a fight. I might need to redraw my charts though. Haven't done that in awhile for you guys.
OK, i did 300 shares... 26.70 ...leg one. Just in case it runs. If it drops, I'll just let that ride over the weekend and not be greedy.
Love me some VZ charts and analysis so by all means As far as today is concerned it can tank straight to oblivion. I gotta de-risk after this one. Been swinging above my pay grade a bit
Opposing the 15 min, BEAR FLAG. If 15 min is the chart du'jour, the daily bull flag is in danger. It's a rickety bull flag on the daily anyway, imo.
Options are pretty cool. And using spreads is the way to go. I have only really used options directionally in all my years, I did do a few bearish spreads on Twilio last year as I recall. You should delve into them though. Start slow and start small. Use simple strategies at first until you get a feel for things. Don't try to understand it all at once, you'll get overwhelmed. Tbh, since you really like this game and you'll probably be playing for many more years, I'd start learning them. You won't make as much as say catching a 50 point move being just long or short, but your risk will be less. And as you start to develop more intuition as to which direction you think things are heading, you should be able to do pretty well. One thing I know is if you want to do this as a "professional" amateur and supplement your income over the years, you have to realize its a marathon, not a sprint. Sprint... and sooner or later you'll go bust. That's great if you have tons of money to just jump back in and start again, but there's no reason for that. Knowledge is power. You hear things like "the Greeks"... sounds intimidating, but its really not. If I can read that stuff and understand it... you can for sure. I'm not saying its easy, but its easy. Never stop learning right? Especially at your damn age.