$CLSK shorting around 4.20 has proven locally successful. Should continue to do so. Target is still a dip cover to 2.74 but outlook here is more positive than negative. Going in heavy once my shorts are satisfactorily covered.
@MarkNewtonCMT If XLF weakness continues no way tech holds up. If they hold up at all they will be great laggard bear shorts. When fear grips banks it grips the markets.
@SethA724@ChartGuys This is a real issue of mine. I am trying to beat it by ensuring proper entry sizes for the amount lost if I am wrong. Too heavy too quickly becomes an issue very fast if you are trying to swing a daily chart but entering on a 5 minute trend change.
@ChartGuys Trying to find the next laggard gem. It turns out the gems are gems because they are rare. It causes me to jump in before confirmation. I am fixing it by requiring my trades to be in the confirmed trend before entering. No entering against the trend.
@barbapapaman27@ChartGuys I think some of the larger unknowns for the Nasdaq are going to be the quarterly earnings this year not inflation numbers. We have been seeing high P/E stocks get destroyed here and I think a valid thesis is that the market is already pricing in a recession.
@AyyoubFrank@ChartGuys I thought you were being a smart ass haha. I was trading MARA today and I had the MARA, BTC, MARA/QQQ, QQQ/SPY, ADDQ, VOLDQ, TICK, QQQ, SPY charts up to trade one security. On top of that I need ATP up for L2, trading/scaling/stop losses. Good luck doing that on a phone.
@ChartGuys well, the VIX measures implied volatility through weighted call and put prices on the S&P from 23-37 days out. The VIX being down to me means that ppl are betting on a mid december bull run. The metal narrative seems to stem from a pre-digital era. Namely the 80's.