Capt.T.Bix

Husband, father and firefighter just trying to get ahead in this crazy world. A collection of random thoughts, trade plans, and firefighter humor.

[Capt.T.Bix @tcbixler]

Simple thought experiment. $1,000 invested for a 10% profit compounded 100 times equals $13.78 million. How many 10% trades are in the market every week? Going to do a simple (yet insanely difficult) experiment trying to replicate this thought experiment. 10% hard stops from entries, no leverage. Pure compounding interest, mastering entries, exits, fear, greed and all the other junk that comes with trading. Maybe I make some money. Maybe I give up? No matter what I'm going to learn and be better. Summaries of trades will be posted after exit in a sort of after action review (AAR).

[Capt.T.Bix @tcbixler]

Geopolitical headline bombs left and right! Every one on here seems to be foreign policy expert, extrapolating long term price targets on their chosen assets. Honestly, all I have seen the past week or so is a sell down to key levels. Took some patience, but the bounce trade paid off today. Perhaps we resume the end of the world trajectory tomorrow or next week. Perhaps we have a sustained rally. No one knows and anyone claiming to is full of it. Trade the chart, not your heart.

[Capt.T.Bix @tcbixler]

Going to use the visible weekend markets in front of me (ie crypto) to just state out loud that unless we see some major developments, we are in for a range bound hell for trading this week. Yes, there will probably some good scalps abound, but I’m speculating they will be short lived liquidity grabs. Might just do less this week.

[Capt.T.Bix @tcbixler]

This is why the Wolves of Wealth is the best in the business. I’ve been a member through several of these pullbacks/drawdowns and with each one @RealJGBanks and @NoRiskNoPremium navigate the fear and panic like a calm professional. In the firefighting world, we often look for opportunities to attack any given fire, no matter how impossible the scene may look. The market in a pullback is no different. The same risk management concepts we value absolutely apply to trading. OT is drying up…a lot of you are looking for second jobs to make ends meet. I highly recommend Wolves of Wealth Discord for an opportunity to hone your risk management skills and most likely earn some money along the journey. Six less OT’s this year I haven’t had to work to pay the bills because of the amazing education in there. Check them out

[Justin Banks @RealJGBanks]

https://t.co/QpyIwRZyTt

[Capt.T.Bix @tcbixler]

From the EMS side of things, a lot of our patients are not emergencies. Many activate 911 for transport to the ER because either the advice nurse told them to call 911, they couldn't see their primary care physician within a few days, they don't have transportation options to a doctor, and/or they see their time as valuable and don't want to wait at urgent care. It's a shame that we as a society crowd the one place that is specialized in stabilizing life threatening emergencies. I think an extensive public service campaign on when to visit the ER vs urgent care vs primary care could be useful. Additionally, with video conferencing/wearable data becoming more mainstream, advice nurses could have more latitude with triage without a significant spike in liability. Another thought for insurance agencies: a covered Uber ride to the urgent care is way more affordable than an ambulance bill to the ER. Let's save the ER beds for the people who actually need them and find a way to make routine/non emergent health care more accessible to all.

[Capt.T.Bix @tcbixler]

$PLG...stopped out of my July contracts at a small loss. Still bullish. Will look to play chicken with the market this week. Big levels I'm watching (weekly closes) are $2.33 and $1.83. A weekly close below $2.33 would be a red flag. A close below $1.83 and I think I'd table my funds for a better opportunity. Given the swift move down, I'm watching the 1 hour chart for a change of character around these levels to enter long.

[Capt.T.Bix @tcbixler]

From a historical perspective with a sprinkle of TA...if the "big bad" banks were really shorting silver relentlessly, why not save your dry power for a retest of the historical breakout closer to $50...the grassroots movement could really have a lot more bang for the dying buck and its probably where the banks flip bullish on silver anyways. Just a thought from a dumbass firefighter.

[Capt.T.Bix @tcbixler]

Just a feeling…but based on the noise out there…buying puts at open might turn out to be the max pain trade…just a hunch. Not investment advice from a knuckle dragging firefighter with a Schwab account on his phone

[Capt.T.Bix @tcbixler]

@alifarhat79 Gravity

[Capt.T.Bix @tcbixler]

Whadda blood bath!?! Interesting stats this week. My long term holds/swing account down 13%. Stopped out on a few positions. Should have trimmed more on some long term stuff. My small account (day trade) account up 61%this week. Trying to find some balance here between accounts. Lots of journaling to do this weekend with trade plans.

[Capt.T.Bix @tcbixler]

All this "Blood in the Streets" BS all over here...all I saw today was breakout retest bounce trades. Small account up 29% today. @NoRiskNoPremium laid it out last night perfectly in the Wolves of Wealth Discord's Wednesday Watchlist Prep Zoom call. Seriously check them out if you want to up your trading game.

[Capt.T.Bix @tcbixler]

A lot of what I post on here is more of a real time trade journal of sorts. I want to look back and see all my dumb mistakes and my progress over time. It's a habit stressed over and over by my mentors @NoRiskNoPremium and @RealJGBanks. If you really want to learn how markets work and better your trading skills, I highly recommend checking out their Wolves of Wealth Discord. If you follow their education, there's no need to follow their absolute golden callouts each and every day. They walk you through every day on how to make informed trades that suit your trading style. "Fish on your own" as they say (all my posts are an exercise in fishing on my own). Its packed with a bunch of solid like minded traders that support each other. Trading is a lot like being a firefighter. It's not rocket science, but much like racing to an absolute ripper, its worth its weight in gold to have solid people around you to bounce ideas off of when the stakes high. They hold you accountable ruthlessly and cheer you on fiercely. Wolves of Wealth is the absolute place to be if you want to take your trading seriously. Check them out. Going on two years profitable thanks to this amazing community!

[Capt.T.Bix @tcbixler]

$PLG. Nice formation on the smaller timeframes right at our key weekly breakout level. Do we get to $5-$6 or does more fuckery ensue? In commons and some July $2 calls on decent profit. Stops are always set (weekly close below the weekly 8 EMA), but optimistic with metals still doing their thing.

[Capt.T.Bix @tcbixler]

$PLG. Scaled in last week when we kept holding $2.60. Breakout on the weekly with exceptional volume. Next target $5.20 (43ish % gainer). Followed by $6.25, $10, $14. Furthest date out $2 calls going bananas. Will trim to reduce risk of my shares. NFA from a dumbass firefighter

[Capt.T.Bix @tcbixler]

$HIMS Held the higher low through FOMC. Is this our entry? Want to see up and over $30 on a 4 hour close with good volume for confirmation.

[Capt.T.Bix @tcbixler]

$HIMS Can we snipe a discount bounce on the discount boner pill company? 4 HR. and 1 Week chart posted. I like the possible long term weekly trend line. I like the subtle change of character on the 4 hour. I HATED the selloff EOD Friday. Thinking of a few areas to watch for a meaningful reversal. The first would be at the higher low line on the 4 hour chart (bounce above $28ish). The second would be around the trend line (TBD) and the third and final would be at the weekly bounce line around $24. We close the week below there and IMHO we're going to need a lot more generic Viagra to keep this thing up.

[Capt.T.Bix @tcbixler]

@jimcramer Shoulda sold that last call on Friday...

[Capt.T.Bix @tcbixler]

A lot of gluten free/no carb fools running around the fire station these days...BUUUUUUT... Perhaps times are a changing for $WEAT. Subtle little breakout? Hard to ignore that volume spike. On watch in the coming weeks.

[Capt.T.Bix @tcbixler]

Sundays are for building trades plans. 100% Tariffs on Canada plus more fun posts from our president remind me of this view…will we get torn to bits on Monday’s or will we navigate the market and make a profit? Nothing good happens unless we find our levels and build our plans. Every plan needs to have a Primary, Alternative, Contingency and Emergency aspect to it.