SO

📈 Full Time Options & Stocks Trader | Live Trades, Technical Analysis (TA) & Market Commentary 📊

For Educational Purposes only | Not Financial Advice

[SO @SOptionist68381]

@EBoKnowss this satire or?

[SO @SOptionist68381]

@psyberwars @heart_ He really has amazing talent doing so

[SO @SOptionist68381]

@TheShortBear Thanks for sharing! You shared that on SA too, right? - I think i read it there before . :)

[SO @SOptionist68381]

@lookonchain I'm invested into ETH since 2019, and i'm gonna admit, this is the very first time, I'm seriously questioning my investment thesis as well.

[SO @SOptionist68381]

@Picolas_Caged That airdrop was so so bad fr. Lousy awards especially for solo validators, also this mess around validator nodes hosted with third-party-providers.

I wonder what is going on with them. Feels like this whole project simply vanished after the airdrop...

[SO @SOptionist68381]

@eth_porsche Real talk: Have you provided anything noteworthy for this project and its community in the past 1.5 years?

[SO @SOptionist68381]

@wacy_time1 If this bull cycle only started in 2024 as you're saying:

Then how you define the period between Nov '22 and Mar '24 when BTC rose about 370%?

[SO @SOptionist68381]

@Jaguar Delete this

[SO @SOptionist68381]

@Crowded_Mkt_Rpt @RyanDetrick That is extremly bullish signal

[SO @SOptionist68381]

$BTC breaking out rn from huge bull flag - a 7(!) months consolidation phase.

Worth watching closely.

#Bitcoin #Crypto

[SO @SOptionist68381]

@Wexboy_Value @Hzy72 I wonder why didn't resume the share buybacks yet despite the discounted share price relative to NAV.

Do you think that's due to lack of liquidity in the stock?

[Jon Wu @jonwu_]

It seems unintuitive that a small 25 basis point interest rate hike in Japan would spike all risk assets, including tonight's -20% $ETH candle.

But you need to understand the way the carry trade works:

It's a leveraged unwinding.

[SO @SOptionist68381]

$SOFI now up ~20% on the week.

It sliced through all major averages (50, 100 and 200 DMA) within the last couple days.

Placing some stops here just below the 200 DMA ($7.60) to secure gains on this trade.

$QQQ

[SO @SOptionist68381]

$SOFI - Now looking promising here again.

Finally broke and decisively closed above the major downtrendline.

Just after testing and bouncing from the lower band of the key support support area the day before.

Also up +3% pre-market today. Imo decent chance, the lows for this are in for now.

$QQQ

[SO @SOptionist68381]

Reasonable points.

Think biggest selling point for $ETH relative to $BTC would be that it's not just "digital gold".

But that it might be the basis of the world's future economy - while becoming more deflationary the larger its ecosystem is growing.

And tbh - I can barely think of a more compelling narrative at all. It just needs to get enough traction.

Certainly would help to see more on-chain activitiy as of this point. But it is what it is.

However, I'm optimistic BlackRock and co will do their job at marketing their ETH ETFs to there clients once approved.

[Mark Minervini @markminervini]

Without risk capital and financial markets, humanity would be in the stone age. Research and innovation are driven by risk capital, and the investors who take such risks do so for the prospects of a reward. Pretty much everything you have in your life that makes you live happier, better, longer, and more conveniently is from some public company. The drugs and cures that keep you alive. The stores and websites you shop at. The technologies that change the world. The food that makes it to your dinner table. All driven by investment capital. And capital markets wouldn't exist or function very effectively without liquidity. Research, jobs, innovation, and opportunity are just a few of the reasons the world has stock markets. As an investor or trader, you are a vital piece of the economic puzzle, and you play a very important role in humanity; one of the most important. Don't let clueless individuals convince you otherwise.

[SO @SOptionist68381]

$SOFI - Now looking promising here again.

Finally broke and decisively closed above the major downtrendline.

Just after testing and bouncing from the lower band of the key support support area the day before.

Also up +3% pre-market today. Imo decent chance, the lows for this are in for now.

$QQQ

[Loma @LomahCrypto]

Some of my favorite trades are:

the ones where the entry is a soft prayer away from an established level of invalidation.

Combined with just enough size to make meaningful money yet not enough to harm execution.

Based around some form of support/resistance levels:

- Revisiting catalyst or fundamental highs/lows
- Psychological numbers
- Market Cap
- Purely technical word salad stuff: flows, reclaims, double bottoms/tops, etc.

Conceptually, trading isn't that difficult imo but...

Putting it all together in your own unique way and then executing on it is a different beast.

[SO @SOptionist68381]

Very true.

Also, the opportunity costs can be just as painful, in particular when selling CCs on volatile stocks.

You may be collecting premia for months out but it only takes one violent move to the upside to lose out on gains equating to multiple times of the premia collected due to the capped upside.

[SO @SOptionist68381]

@h1ais @Wexboy_Value My guess it is because the NAV per share has fallen below 100p again (according to the April 2024 net asset value update).

[SO @SOptionist68381]

$SOFI - Cautiously optimistic here that it's heading to another retest (and potentially break) of the downtrendline.

Yesterday, buyers finally stepped in, pushing the stock higher by a modest 3.48% against a downtrending market.

There's also a nice uptick in the daily RSI.

Looking for some follow through today.

Loaded up on some shares here, with a S/L beneath recent lows ($6.20)

$QQQ