I have used the 5 day moving average for 20+ years
I have studied it more extensively than anyone
When I tell you the SIMPLE moving average is better than the EXPONENTIAL trust me. It is.
Small but important differences reveal themselves time and again
$SPY
This signal has flashed only 2 times since 1960
Both times, stocks rose by +20% first, then crashed
Things are about to get absolutely crazy
A thread 🧵
It's been a while since I posted anything here, this place is toxic AF in so many ways lol
Quick shout out to @VolumeLeaders 🤣
#5 trade in $TMF came at the open, level got rejected instantly, $TLT $91.50p exp Fri were bought and they were over 250% EZ money
Thanks Bruce 🍾😋
$1.2 million dollar day.
1 day before my birthday I got a wire for $1.2 million.
The largest amount of money I’ve ever seen come into my account at once.
5 years ago I would assume this would feel “different”
I would feel more happy, joyful, excited.
I’m reality it felt good for 5 minutes and after that it’s “how can I do better”
I think once you get to a point where you’re focused on processed goals the results are cool but you’re always looking to better yourself.
Push yourself to new limits, challenge yourself, become the best version of yourself.
Extremely grateful from where I came from and I will always keep that in perceptive.
Thank god, let’s end 2024 on a high note.
That closing was something!
Couldn't resist and sold most of the shares and all of the calls right at the EOD. Bird in the hand is better than blah blah blah 🐦
In case you were wondering why this short trade
#3 in $URNJ last week at the highs. That etf don't have good option chains so I played $CCJ and $URA
Sometimes it works, sometime it doesn't
All hail VL😝
It is pretty nuts that a single large option open interest can dominate the trading of the SPX for 1 out of every 13 weeks of the trading quarter. No rally with massive chinese stimulus and dovish fed. No sell off with a weekend war (despite most other markets moving)
#China $HSI at the beginning of the year I created this composite historic cycle projection (combines most similar historic time periods). Pretty incredible match and suggests a bit more upside into year end and then sideways-down. Like I said before, China is a trading sardine with tradable cyclical advances within a multi year secular bear market which has potentially already started before the rest of the world.
Today price shoot right up, my trailing SL hit at $18.52
Then I kept an eye and guess what, price went right down to that $17.89 and shoot right back up 😉 Entry was $18.01 and new SL hit at 18.74
Nothing fancy but an honest day of hard "work"
In and out
Why does making $500 as a trader feel like a small amount of money but making $100 at a job feel like a lot?
It’s because growing up you were taught to work for money.
Your brain is wired to think you have to exchange time for money.
Therefore when you go to work you have a specific amount of hours you know you have to be there, once you’re done your shift you will get paid for the hours you worked.
In trading you don’t get paid for time.
You get paid for decisions.
Unlike a job you can actually trade all day and lose money
or
You could trade for 1 hour and make 10x the money you made at your job.
Therefore when you’re making money clicking buttons and seeing numbers on a screen you don’t value them:
It’s “easy” money.
But you need to understand…
It may be easy but it’s the hardest easy money you’ll ever make.
@PaulEmmersonGB@VolumeLeaders He rarely explains because he doesn't have to, data is data, we make our own decisions, and often different people interpret the data differently
Circles are trades on just one exchange, diamonds are sweeps
Hey! Thanks for 50k! 🙏
As a token of my appreciation I’m offering 50% off all indicators on https://t.co/wA2DGGQw41!*
* Discount is on base price of $0. Doesn’t include $0 processing fee. 0% financing available for 12 months of $0 equal payments.
$NVDA
Seeing “breaking news” on Friday night at 11PM that the Blackwell chip is delayed. “The Information” is notorious for awful reporting.
Just 2-3 days ago at Siggraph 2024 Jensen said “we're sending out engineering samples of Blackwell, all over the world."
Nvidia last night also said “Blackwell chip sampling has started, production on track to ramp in 2H.”
On July 22, it was reported the Blackwell generation graphics cards for video gaming will be delayed until 2025. Not the AI chips.
Shorts trying to plant news for more downside after they likely missed a 28% drop from highs and shorted near $100 is typical.
Bottom line - nobody really knows anything. Not the geniuses on CNBC, not the billion dollars hedge fund managers and definitely not the furus here on Twitter
Everybody is just guessing and your guess is as good as any