FunkyQuokka

I swing-trade and play bass | DYOR

[Ryan Detrick, CMT @RyanDetrick]

April historically looks like this.

[FunkyQuokka @FunkyQuokka]

https://t.co/Q8ZEWYHVj3

[FunkyQuokka @FunkyQuokka]

@StockSavvyShay Just returned from bomb shelter here in Jerusalem, guess ceasefire hasn’t started yet ‘cos they’re still launching missiles

[Connor Bates @ConnorJBates_]

$COMPQ NASDAQ % of Stocks Above the 200-DMA sitting at 30.93.

Nearly 70% of NASDAQ stocks are already in a downtrend.

Historically, real bottoms don't form until this hits sub 20, and most go sub 10.

Look at every green circle on this chart: 2002, 2009, 2012, 2016, 2019, 2022, 2025.

The flush may not be done.

[Connor Bates @ConnorJBates_]

An important concept in successful short selling is that the optimal short entry point typically appears five to seven months or even longer after a stock’s absolute peak.

[Matt Petrallia, CMT @theEquilibrium]

There is an enormous difference between tracking relative strength and constantly chasing it in a poor environment.

[FunkyQuokka @FunkyQuokka]

@joekent16jan19 How much time did you spend in a bomb shelter in last 3 weeks? How many hundreds of missiles were you shot at from Iran last year? You don’t understand jack shit bud. Cheers from Jerusalem.

[FunkyQuokka @FunkyQuokka]

@wallstengine Is it an unannounced fake news day on X?

[FunkyQuokka @FunkyQuokka]

@Mr_Derivatives Right, that’s why 4K troops are being deployed to Middle East. Don’t take every news item as an immediate long-term truth.

[FunkyQuokka @FunkyQuokka]

@TehranTimes79 Lol if there’re missiles people stop dying from natural causes? What a bunch of retards

[Bracco ⚡️ @Braczyy]

$GLD - With the breakdown this morning, gold is continuing to follow the 1980 precedent almost perfectly...

[Will Hu @traderwillhu]

All You Need Is Here —— 13 Qullamaggie's Stock and ETF Scans

Intraday Scans

"Which screen filters my scans? Sure. This is my 'Strongest' scan. These scans are for a specific watchlist I have of the strongest stocks—most of them are growth stocks.

Then, like EPs, these are stocks that gap up 7.5% or are up at least 7.5% above yesterday's price, with at least $15 million in dollar volume.

Then I have my Momentum watchlist. It’s also a specific watchlist where I pretty much scan for stocks that are up today in that watchlist above yesterday’s highs. This OTC scan... you don’t have to look at that, I’m gonna take it off. I don’t trade OTCs ever; they’ve been dead for many years.

For my ETF scan, I look for $30 million in dollar volume and a 6% ADR (Average Daily Range). Then I have Lower Liquidity / Higher ADR scans.

These are pretty much stocks that are not very liquid but have a very high ADR, so you can take a smaller position and still make decent money because the stock is likely to make a bigger move. So those are my intraday scans."

Weekend & Overnight Scans

"Then I have my weekend and overnight scans, which I use to build my watchlists. Pretty much, I scan for the strongest stocks on every timeframe—like one month, six months, three months, two years, one and a half years, etc. They all look the same: $60 million in dollar volume, 3.5% ADR, and ranked among the 7% strongest. The only difference is the timeframe.

Then I also scan for the Biggest 5-Day Gainers: $60 million dollar volume and up 25% in the past five days.

For ADRs (foreign stocks), you have to scan for them separately in TC2000: $60 million in dollar volume and 3% ADR. So those are pretty much my main scans.

Then I also scan for our Biggest Losers on one and two-year timeframes just to find the beaten-down names that could make big moves."

[Ryan Detrick, CMT @RyanDetrick]

Back-to-back months with a Friday the 13th. 2015 last time we saw this and 2009 before that.

Due to calendar quirks, this happens six years and then 11 years later and back to six and 11 for infinity.

It also happened in 1987 ;)

[Connor Bates @ConnorJBates_]

Interesting:

The Geopolitical Risk Index recently spiked to the highest level since 9/11.

Source: Morgan Stanley

[Lone @lonextrades]

Qullamaggie on Trading Coaches and Don’t Spend Time Solving Problems You Don’t Have

“Is a trading coach a good idea? No, it’s a waste of time. Trading coach—who the hell is there such a thing? It’s all a waste of time guys, guys stop it. You don’t need a fucking trading psychologist. You don’t need a stupid fucking trading coach. Fuck off, no, guys stop it bullshit.

No, your problems stem from not having a setup. That’s what your problems are. If you have discipline problems or this or that, it comes from you not having a setup. You don’t know how to implement a setup. You don’t know when to trade it and when not to trade it. That’s what your focus should be on, okay?

Your focus should be on studying setups and owning a setup like, let’s say you have watched my streams for a while and you’re like oh, this breakout setup he keeps talking about a lot and recommending, maybe I should study this thing, maybe I should spend a couple of hundred hours going back looking at hundreds of stocks, go back a few decades and then you look for all of these variations of that setup, like you confirm it.

Is this a real thing okay? And then you look at it, what should I do, where should I put my stop, what kind of exit rules should I have? Like I know Kristjan recommends a 10 and 20 but if I use maybe the exponential moving average, this and that, maybe I oh I think this works a bit better than what Kristjan recommends. Hey I’ll use this instead or hey I think the 10 and 20 work fine.

And then you start looking at okay what type of market environments do most of these setups happen? When do these things break out and have the best follow through? I know Kristjan has been talking about trying to you know avoiding buying breakouts when the 10 days sloping lower, the 20 days sloping lower, and the 10 days below the 20 day.

Most of the time when the 10 day if you look at the major index like Nasdaq when the 10 days sloping lower, the 20 days sloping lower and the 10 days below the 20 days most of that time you don’t get many setups and if you get them they usually fail. Hey okay so now I know what setup to trade, where to put my stop, where to exit, where to take profits, I know what kind of market environments to trade this setup.

Hey look at that, I don’t need to pay that scammy trading coach or trading psychologist a bunch of money to help me solve issues I didn’t have to begin with. Look at that.”

[⭕️ Chase Hughes @NCIUniversity]

Iran didn’t slowly become what you see on the news — it was psychologically taken

https://t.co/pZyv9fORZy

[ChartsMaze @Charts_Maze]

https://t.co/l3wUwLIUBm

[Aakash Gupta @aakashgupta]

Everyone’s missing the real story here.

ZeroHedge is framing this as Jane Street single-handedly causing the 2022 crypto winter. The lawsuit is more surgical than that, and what it actually describes is worse.

A former Terraform intern named Bryce Pratt, working at Jane Street, created a private group chat called “Bryces Secret” with Terraform’s software engineer and head of business development. That chat became a pipeline for material nonpublic information about Terraform’s liquidity positions.

The May 7, 2022 sequence took 10 minutes.

At 5:44 PM EST, Terraform quietly pulled 150 million UST from Curve’s 3pool. No announcement. No disclosure. Within 10 minutes, a Jane Street wallet pulled 85 million UST from the same pool. Largest single transaction in the pool’s history. Combined: 235 million UST drained before anyone outside those two firms knew anything had changed. The peg cracked that night. Six days later, $40 billion was gone.

Then on May 9, while retail investors were watching their portfolios disintegrate in real time, Pratt messaged Do Kwon offering to buy Luna or Bitcoin at “steeply discounted prices.” Kwon told him Jump Trading’s co-founder Bill DiSomma should have already reached out about a fundraise. So Jane Street was front-running the collapse with one hand and offering to buy the wreckage with the other, fully aware of the financial condition it helped create.

This tells you everything about what “providing liquidity” actually meant in crypto.

The firm that allegedly used a private chat room to drain $235 million from a stablecoin pool before retail could react now generates $24 billion in trading revenue through three quarters of 2025. $10.1 billion in a single quarter. More than Goldman. More than JPMorgan’s entire trading operation. Over 10% of North American equity volume. Lead authorized participant for the biggest Bitcoin ETFs.

And this is the second lawsuit from Terraform’s administrator. He already sued Jump Trading for $4 billion in December, alleging Jump inflated UST through a backdoor deal before the implosion. The Jane Street complaint alleges insider information flowed between the two firms. The picture forming is two of Wall Street’s most sophisticated trading operations allegedly coordinating around inside information while retail absorbed the full $40 billion hit.

Do Kwon got 15 years. Terraform paid $4.47 billion in SEC penalties. The institutions that allegedly turned a private group chat into a front-running operation are posting record profits. The question a Manhattan federal judge now gets to answer: when does “market making” become market taking?

[FunkyQuokka @FunkyQuokka]

@TaPlot @DipTraders @TradeStation Ah, I see. Might take time, they'll have to integrate all the EasyLanguage-related stuff, otherwise people won't be able to run their algos and custom indicators on chart and Radar. Charting is already much better though, looks promising

[FunkyQuokka @FunkyQuokka]

@TaPlot @DipTraders @TradeStation From what I've heard, no current plans to replace legacy desktops. It's just an additional platform. I know people who still run 9.5...