@TheOneLanceB Very high probability “layup” trades. Shark referenced what he called gimmick trades in his chapter. One good gimmick trade in your playbook can get you there until it becomes overcrowded.
@TheOneLanceB@TheMarathon8320 When looking at bollinger extension outside the band MU looks more stretched in the weekly on both the arithmetic and log scale, on the daily chart its not apparent. That said, like others mentioned no trade until blow off type action in which case either might be a good candidat
@TheOneLanceB Even though i know that is not how you’re thinking of the current situation, I rewatched your last vid on oil and thought it would be helpful to understand that concept more clearly.
@TheOneLanceB From a swing traders perspective building a short on rallies with yesterdays high as a stop is a reasonable strategy, put spreads is another. The short gamma trade your friend is in is not for everyone curious how he manages risk on that
@BarryRoland19 For sure but this has always been easier to pull off in smaller and mid size cities sometimes its loopholes other times its making assymetric bets on obtaining entitlements
@TheOneLanceB The weekend reviews are great as are the videos where you discuss the nuances of trading that are rarely if ever discussed by others. Basically bits and pieces we can pick up off your playbook and apply to ours. more content on how you use options and you interview other traders
@TheOneLanceB Managing gap risk for overnight swings/managing slippage on thin stocks/ hard vs mental stops/when and how much to lever for non prop traders
@TheOneLanceB@Markadiusz45 I use them differently on intra vs daily and weekly charts in general though find them to be more helpful as points of reference on longer term trades. Pullbacks of strong stocks to 10 wk can sometimes be a good buy or add point note the 10 week and 50 day ma dont always correla