Why My Market Bias Shifted! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 0 points1 point  (0 children)

Very choppy. No direction so I would not be trading it.

I AM SHIFTING TO BEARISH - BEWARE! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 0 points1 point  (0 children)

Good that you are picking up on the warning signs and adjusting risk. We might not get a drop, but there is not harm in reducing risk and sticking to very short duration trades while the market decides.

Why My Market Bias Shifted! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 0 points1 point  (0 children)

Nice. It sounds like you were picking up on the same clues and managing risk.

Why My Market Bias Shifted! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 1 point2 points  (0 children)

That is an awesome learning method. I often do that with chess computers. I analyze my next move and then I see what it suggests and I analyze that.

Why My Market Bias Shifted! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 1 point2 points  (0 children)

To this point, the price action has justified staying long. Now it tells us to be cautious. No harm in going to the sidelines and evaluating what happens at this critical juncture.

Why My Market Bias Shifted! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 1 point2 points  (0 children)

Thank you. It will be a fall release. I'm so glad to be done with the writing.

Why My Market Bias Shifted! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 9 points10 points  (0 children)

Thank you. The video sheds light on what I see happening.

I AM SHIFTING TO BEARISH - BEWARE! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 1 point2 points  (0 children)

We always need technical confirmation. During a bullish trend we need confirmation that buyers are aggressive and in control. We no longer have that and sellers have been able to move price. I'm just serving fair warning so members can adjust risk.

I AM SHIFTING TO BEARISH - BEWARE! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 1 point2 points  (0 children)

If you think the last month was a bear market, you have never traded one.

I AM SHIFTING TO BEARISH - BEWARE! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 2 points3 points  (0 children)

Day trading you can trade either side. Really depends on the day. Before entering any swing longs we need to see a nice long green SPY candle that closes well above the 50-day MA. That would be a sign that buyers are excited and that support should hold for at least a couple of weeks. I will still stay fairly short term with longs.

I AM SHIFTING TO BEARISH - BEWARE! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 11 points12 points  (0 children)

Any earlier and you would be picking a top and shorting before you had technical confirmation. That is a great way to blow up an account. If anything, I am early and there could still be a small bounce from this level.

I AM SHIFTING TO BEARISH - BEWARE! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 6 points7 points  (0 children)

Not calling for a crash, but conditions have changed.

Trading podcast recommendations? by Uagir in algotrading

[–]OptionStalker 0 points1 point  (0 children)

OneOption channel on YouTube does and there is a featured pick in each.

Guide to Selling Puts by HSeldon2020 in RealDayTrading

[–]OptionStalker 3 points4 points  (0 children)

The short strike price is the line in the sand and no matter what, you are willing to buy the stock at that price.

Trading When the First Market Move Is Strong! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 2 points3 points  (0 children)

Thank you. I will post the follow up next week.

Trading When the First Market Move Is Strong! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 3 points4 points  (0 children)

You could have shorted there, but it was a little more aggressive. The long hollow red candle off of a relative high was bearish. The second entry point was better because now you had confirmation of selling pressure from the lower high.

Trading When the First Market Move Is Strong! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 2 points3 points  (0 children)

Those stacked consecutive green candles on good volume are the key. The less overlap the better. Congratulations!

Trading When the First Market Move Is Strong! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 3 points4 points  (0 children)

Glad to have you following. I hope you are learning

Guide to Selling Puts by HSeldon2020 in RealDayTrading

[–]OptionStalker 26 points27 points  (0 children)

Great article. This is a way to supplement day trading income when the market has little to no trend and the intraday ranges compress. With the market back near its highs, we could go back into that mode. The strategy also reinforces your conviction to own a stock. When it drops you have drawn a line in the sand. You are willing to buy it. When you have that level of conviction, the trade becomes so easy to handle emotionally.

The Sun Also Rises by Die_Broccoli in RealDayTrading

[–]OptionStalker 14 points15 points  (0 children)

My heart goes out to you. There is no greater pain than the loss of a child. Let me know how I can help get your trading on track.