septmillion

God First | Navy Veteran | Egg Farmer

trading journal not to be mistaken with financial advice

[Mike @MarketMike]

Many people are saying we're in a bubble.

Here's what the 2000 and 2007 tops had in common. Different causes, same sequence:

1. Yields topped first
2. Stocks topped second
3. Commodities topped last

If something bigger is coming, this may be the order to watch.

[septmillion @opiyumm]

$AMZN; trading journal

[septmillion @opiyumm]

took a break after some losses and got some fresh eyes

[septmillion @opiyumm]

@saylor now send Cocaine Bear

[septmillion @opiyumm]

$BE; added a very light starter position today against my own system so I don't get FOMO. but essentially looking like a swing play here with risk managed around yesterdays Daily candle. Will add an officially sized position upon break of structure and possibly retest.

Contracts are super expensive with extremely high IV so I am playing shares on this one.

;trading journal

[septmillion @opiyumm]

$JNJ; just realized I never posted this one, but I was already in a long position around the yellow circle. Decided to double my exposure today.

;trading journal

[septmillion @opiyumm]

$AAL; closing all but a runner on this position.

Still had potential for more downside but its setting up a swing structure on RSI and also I need the cash for other opportunities.

;trading journal

[septmillion @opiyumm]

$AAL has been the winner with just straight downside. The 11/20 15P are sitting at 45% gains right now. Very Very good position.

;trading journal

[septmillion @opiyumm]

$GPCR; entering a position here due to amazing structure, near DCL, and nice RR. managing risk based on previous daily candle.

Technically only 1/3rd position since price is not above 10ema yet nor above price structure (iHnS)

;trading journal

[septmillion @opiyumm]

@ConvexEdgeX Waiting to enter this with you!

[septmillion @opiyumm]

$TSCO; round 2 gonna manage risk around these lows entered some ITM longs right at close.

;trading journal

[septmillion @opiyumm]

previous monthly candle is very scary

[septmillion @opiyumm]

$UNH

[septmillion @opiyumm]

$BTC; I missed the buy opportunity when it broke resistance, flipped support now. Good setup for a short play imo. Very high leverage gamble into strength. Im basically burning my money.

on the off chance this hits, maybe it sets a HL somewhere around 74k and maybe we can look for a long setup or whatever the market gives really.

[Bob Loukas 🗽 @BobLoukas]

Markets got me off the beach. :)

Nice move by #Bitcoin and crypto. Similar moves in metals. Obviously a lot of short covering off a 2 month consolidation, but bullish nonetheless.

Little more work to do before a bear market bottom can be confirmed, and a new 4Yr cycle start. Closing out the month strong above (10 month MA) $74k first step, then a weekly close above the $82.8k highs swings the high TF trends back to bullish.

Either way, very close now. Excited to get back to the desk in Sept.

[septmillion @opiyumm]

$AAL has been the winner with just straight downside. The 11/20 15P are sitting at 45% gains right now. Very Very good position.

;trading journal

[septmillion @opiyumm]

$AAL; paid us well last time, time for round 2.
taking some 11/20 15P will add more if breakdown from ~13.35. will cut if 16.75 reclaim.

;trading journal

[septmillion @opiyumm]

crazy failure and breakdown.

[septmillion @opiyumm]

$WMT; looking so strong! that yellow ema is the 200d and if its flexing a close above. Can't wait to add more to this position on that final TL break and hopefully on a DCL confirmation.

;trading journal

[septmillion @opiyumm]

if it continues to hold above TL and 10ema Ill hold and add on a good close.

already took 30% of position that covers the downside right now so my emotions aren't crazy right now. Highly recommend taking profits.

[septmillion @opiyumm]

$SNDK; didn't see this today nor yesterday, going to be longing this through $SNDC with some of the weekly gains.

;trading journal

[septmillion @opiyumm]

Going good.

[septmillion @opiyumm]

$CPB; forgot to post this, but essentially entering this trade on CPB following strength, risk managed at DCL, and compression into the end of the triangle. Only entered 1/3rd position will add 2/3 on break of structure, and 3/3 on retest of structure.

;trading journal

[septmillion @opiyumm]

got Stopped, and presenting a more bullish argument now, willing to look at it with fresh eyes this weekend.

[septmillion @opiyumm]

$HIMS; possibly resuming downtrend. Rejected at the long term ema cluster which also happens to have the ascending trendline and a flipped support level.

honestly pretty good short setup with risk managed at ~32.35

will look to enter some puts tomorrow

;trading journal

[septmillion @opiyumm]

TP'd all on this today

[septmillion @opiyumm]

$XLE; major strength, with unconfirmed DCL, going to play this through $XOM (largest holding) simply because the chart looks better for me and im able to manage my risk close.

XOM
entry: 160.55
SL: 157.43
TP: ???

;trading journal