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Perfect storm cheat sheet
Daily chart confirm + repeat deep OTM calls/puts w/near term expiration + futures moving directional bias of the setup
If you get all 3 , high probability of good things happening. You’ll see several aggressive examples daily . Today $upst $abnb ✌️
@danshep55 Dan, you are not using the 200 Exponential Moving Average on your charts anymore? Only 200SMA? I saw the TSLA daily chart on your video and noticed the measured potential was different than on mine lol your's didn't show demand at 858.29 (200EMA)
simply put, all i care about are bagholders. Long or short.
If u're long, the big breakouts are made when shortsellers get their stops ran.
if you're short, the big breakdowns are made when bulls get their stops ran.
Making $ is all about predicting panic.
#BearTipOfTheDay
Here's what helped me "master" each domain:
📈Technical analysis: saving countless charts
📊Fundamental analysis: studying countless filings
🧠Psychology: studying the brain & learning from my own repetitive mistakes.
Nothing special. Just sheer focus & endless repetitions.
Never forget, profitability is knowledge multiplied by discipline. The market doesnt give a fuck how much u know if that knowledge cant be executed properly. So take sleep seriously.
Beginners fail because of low knowledge.
Pros fail bc of low discipline.
#BearTipOfTheDay
Ive explained this several times, including on monday's post. the call-bagging takes place as we approach thursday/friday, & mon-wed is when they move the stock in the direction retail wants to give them FOMO. Therefore premiums are always the highest/juiciest earlier in the week
I dont know how many times I have to repeat this... I do NOT apply the #ThuFriRule on earnings week. most of the Open interest during that week is mainly big dick funds & MMs hedging their asses off. So the whole "bagging dumb money calls" thesis flies out the window.
Competitive ppl tend to struggle the most with trading discipline, because competitive people dont like to lose, and in trading, if u dont like to lose, u're in the wrong profession. It's 1 of the few jobs where your longevity is determined by how good u are at taking Ls.
That's why I always stress "make sure the setup is COMMON enough". that's also why u should diversify whenever u can. once u master a setup, learn another one. ideally u wanna have at least 2 lowfloat setups, 2 largecap setups, & 2 option setups. U'll never have a slow week.
Fwiw, the permawatchlist is still roughly the same.
so the top hoes are still:
$TSLA
$NFLX
$NVDA
$ROKU
$BA
followed by the side hoes
$FB
$AAPL
$SQ
$BABA
$ZM
$AMD
$AMZN
$TTD
$SHOP
Keep in mind that's the list for my debit setups, NOT for when im selling options
If u think a stock will go down, FAST (emphasis on fast), buy puts. Or a put debit spread.
If u think it might go down, might go sideways, or might go up slightly, then short OTM calls (credit spreads).
high conviction=long options
low conviction=short options
#BearTipOfTheDay
The pros & cons of Option trading vs shorting low floats. Based on:
-Capital requirements (account size)
-Learning curve
-Availability of plays/setups
-Win rate
-Risk/Reward ratio
-Fees
So choose your niche accordingly.
#BearTipOfTheDay
https://t.co/3L1yQGl6GT
Questions to ask urself when tracking data:
✅how often does this setup occur
✅at what time does it usually occur
✅what is the avg range
✅what signal/indicator usually marks the top/bottom of this setup
✅what are the fundamentals usually like on this setup?
#BearTipOfTheDay