John

Blood bought born again beliver in Jesus Christ, saved by God's mercy and grace.

[John @forgivenRom81]

@mhorsman013 @zerohedge Im not sure you can ever time the market perfectly, the exact low, exact high, perfect entry, perfect exit. The best you can do is study, do your homework, know the macro economy events, and do the best educated guess you can. And if you're right, take that win baby

[John @forgivenRom81]

@Mastacash @zerohedge Very nice, wild day, been good to get comfortable trading in either direction though.

[John @forgivenRom81]

@zerohedge SPY puts somewhere during middle of the day

[John @forgivenRom81]

@Berg0ut @zerohedge I tried this exact thing and got rolled...made 300% almost instantly first 30mins on puts, then flipped to calls, did ok, sold. Puts again...then calls...and man, it was really dumb...everytime im thinking "who would be buying today" and sure enough, dump past support

[John @forgivenRom81]

@redbirdracing @mhorsman013 @zerohedge Expendable*

[John @forgivenRom81]

@redbirdracing @mhorsman013 @zerohedge But yes to Tyler's point, a $10 play should sort of be expandable capital...like that's 2 energy drinks these days. Let er ride brother

[John @forgivenRom81]

@mhorsman013 @zerohedge Nah man, take the win, this is the story of my life the past 3weeks. I'd been holding HOOD calls for 3weeks, it finally popped, bagged my gains, next day it ran further, but then WHAM, dumped...just take the wins

[John @forgivenRom81]

@Faulkner_SA @zerohedge Heck ya brother, it's definitely paid off to learn to trade in either direction

[John @forgivenRom81]

@Faulkner_SA @zerohedge ����

[John @forgivenRom81]

@Grob2point0 @zerohedge Didn't expect this heavy of a dump though. I actually lost a bit of money trying to time a reversal bounce back and man...it just kept dumping past every support

[John @forgivenRom81]

@Grob2point0 @zerohedge Yea idk, I honestly just did homework this week and read the two major fed reports coming...the inflation report Wednesday (stocks dumped) and knew jobs report was friday. Looking at what happened Wednesday and many 1year charts, like SPY for example, was showing overbought

[John @forgivenRom81]

@Grob2point0 @zerohedge On RSI and was showing signal shift on MACD for 1yr 1day chart. Thursday looked to be just a mechanical bounce off of key support but not clearing previous high. Plus 0830 jobs report hits and it seemed pretty obvious the sentiment was gunna be a dumper friday. Didn't expect

[John @forgivenRom81]

@Grob2point0 @zerohedge Ah I got you, true. Since such a massive price drop, stating close to strike can be risky, higher premiums of course, but a 10% dumper leaves you owning the asset at already say 8% down

[John @forgivenRom81]

@SPXplays @zerohedge I had SPY 745 puts i grabbed at 0930 opening bell for 35cents...they hit $9 a peice

[John @forgivenRom81]

@SPXplays @zerohedge Yessir

[John @forgivenRom81]

@06_AnkaraKalesi @zerohedge Agreed, I know many people who moved everything to cash in past 2days prepping for IPO, mainly spacex. But the big boys doing it too im sure

[John @forgivenRom81]

@Grob2point0 @zerohedge If you're selling cash secured puts aren't you slightly actually wanting to buy the underlying security at that discounted price anyways?

[John @forgivenRom81]

@zerohedge

[John @forgivenRom81]

@zerohedge I texted myself this screenshot and note last night at 11pm...note to self, buy spy puts on friday...turned out the high of day was 0930 lol.