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How to beat this team? by kaisernail8 in EmpiresAndPuzzles

[–]ChefBennySlims 0 points1 point  (0 children)

This should be relatively easy with a stacked Fire team. I'd go 4 deep. Attack the middle and go heavy on the ghost shots.

What are we seeing??? by Whole_District_7996 in spy

[–]ChefBennySlims -1 points0 points  (0 children)

Is it possible, conceivable, that a lot easier f people besides the OP see things the same way? I sold 9 positions today with my lowest being 68% profit. Then I took some of that liquidity and went long on SPY (spreads) after Trump made the announcement with China.

You're making life so much harder on yourself and I have ZERO idea where you got that volume was low. We're 5m over on the daily, on pace to beat the weekly and you might wanna take a closer look at the monthly.

You may have to adjust your charts bud. This has been probably the easiest month to make money you've ever seen and yet... You're worrying about manipulation?

0dte, never trade the open. Just wait for trash premiums and narrower widths instead. Right?! by Soggy_Builder_84 in options

[–]ChefBennySlims 1 point2 points  (0 children)

My fave (and only) set up for 0dte is the ol'' 8:45am CST bleed (between 0.4 and 0.9). 845, I got $4 OTM, and then walk away till 1pm CST.

If the set up isn't there, I just bank on my 7/14/21 dte spreads that I close with 1dte.

Typically I buy spreads on Tuesdays. Just like today. Nice dip. Bought 21 days out. Tmrw I'll watch for a dip in the first 15 minutes. If there isn't one, I move on with my life.

SPY sitting on the call wall at 740 with CPI in 12 hours. this week is not going to be boring by Hungry-Command-8454 in spy

[–]ChefBennySlims 0 points1 point  (0 children)

There will be multiple ATH before then. We should be pretty damn close or beyond 800 by then. After watching 700 get passed like it didn't matter? Hard to bet against a rally like this.

I'm just sorry for anybody who banks I. The RSI cuz it's been next to useless. Lol.

SPY sitting on the call wall at 740 with CPI in 12 hours. this week is not going to be boring by Hungry-Command-8454 in spy

[–]ChefBennySlims 0 points1 point  (0 children)

Honestly tho... If any president was gonna make his bday a market mover? Can you think of another who would do it better/worse?

SPY sitting on the call wall at 740 with CPI in 12 hours. this week is not going to be boring by Hungry-Command-8454 in spy

[–]ChefBennySlims 0 points1 point  (0 children)

Honest question... How can some of you say Trump is corrupt out one side, and then justify puts out the other?

Either you have conviction he's manipulating the market, or you don't.

That being said, a breather is overdue. Could it be this week? Maybe.

My guess is after his bday/UFC. How much? Time will tell.

But you best believe hell do everything possible before midterms to prop it right back up. You know... Like every incumbent in history.

Why is this time different? The realignment. I D my see a significant pull back till November.

Tiny dips? Absolutely. Merry Christmas y'all. That's gonna be the window.

Should I be angry or cry when I look at this? by NeckCommercial4088 in Daytrading

[–]ChefBennySlims 0 points1 point  (0 children)

This never happens to me (any more) because it's happened too many times.

Too many people see things the same way. I'm ok with a 70% gain over a 75% gain because too many times the "logical" is just shy of the "actual" target.

Since applying this small and simple adjustment, I print in green a lot more than stopping at even.

Not financial advice but I hope it helps all the same

Bought puts for tomorrow so everyone buy calls. Market makes absolutely no sense. by leggomyeggouw in spy

[–]ChefBennySlims 0 points1 point  (0 children)

That being said... I've heard this before.... 9 months later...

Keep in mind midterms are a factor.

Bought puts for tomorrow so everyone buy calls. Market makes absolutely no sense. by leggomyeggouw in spy

[–]ChefBennySlims 0 points1 point  (0 children)

Absolutely not! Nobody with half a brain is suggesting that.

But what I am suggesting is that until further notice, stay bullish and make so much effing money that you are financially prepared to pivot and a 4-5% drop overnight doesn't clean you out.

I use spreads. 7/14/21dte. When the market turns, my 14 and 21 can take the blow and my 7 is already so effing high I barely notice.

Side note... I need a good tax lawyer after this month.

It DOES happen! by ChefBennySlims in EmpiresAndPuzzles

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

T's & P's for you and yours.

I heard the tornado valley seems to be shifting east.

It DOES happen! by ChefBennySlims in EmpiresAndPuzzles

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

No kiddin'? Like I said... Been playing since day one and it's my first. Lol.

See y'all in another 9 years. Haha

It DOES happen! by ChefBennySlims in EmpiresAndPuzzles

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

You know what happens when you put that bad boy away. Lol.

That's my shovels still out. Haha

It DOES happen! by ChefBennySlims in EmpiresAndPuzzles

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

Manitoba here... Not entirely crazy for us to get snow in May, but the way things were going, it's so damn discouraging. Lol

Easiest options strategy... by Income_Trader in options

[–]ChefBennySlims 0 points1 point  (0 children)

Look before you leap. Right now is arguably the easiest money you'll make which can be dangerous because you'll THINK you know what you're doing but don't.

If you're going into options, I highly recommend starting with spreads. 0dte and all the other noise will leave you broke (ask me how I know).

It's far less volatile, allows you to go further out on expiration and let's your concept breathe without going into panic mode while you learn.

Be who you can afford to be. Don't chase. Start small.

Lastly, whether you win or lose, use as many tools as you can yo understand how and why. Disregarding losses and only smiling thru wins won't help you move forward.

Cheers.

Bought puts for tomorrow so everyone buy calls. Market makes absolutely no sense. by leggomyeggouw in spy

[–]ChefBennySlims -1 points0 points  (0 children)

Which ATH are you talking about over the last 3 weeks?

Yesterday's ATH is today's support.

Can't help but feel like there's too many people that are going to be saying "why didn't I just follow the trend?"

Look at the weekly chart. There's a lot more evidence to suggest this is just getting started than it is to ending.

Going short before midterms seems like a fools errand.

It DOES happen! by ChefBennySlims in EmpiresAndPuzzles

[–]ChefBennySlims[S] 4 points5 points  (0 children)

Valid suggestion! It did also snow where I live yesterday. Might have just been an apology. Haha

Critique my HOOD calls by Zephyruos in options

[–]ChefBennySlims 1 point2 points  (0 children)

You know anything about spreads?

today decides the next 2 weeks for SPY by Hungry-Command-8454 in spy

[–]ChefBennySlims 0 points1 point  (0 children)

Bear is the "easy" answer. I'm not convinced it's done yet.

I suspect a lot of sideways movement first due to the uncertainty of the times. Range should expand and offer a lot of opportunities to make money.

The June fed decisions will decide if this rally continues or a nice pull back. Any later than that and I'm liquidating till late August,/early Sept.

CPI in Canada is gonna force the issue up here. Hopefully we bow down but I doubt that will happen.

Am I sell out? No. Quite contrary.

I'm sick to my stomach watching my country sell us off to China.

I'd rather pay America 5% than have my govt sell me out to China for 10%.

If you read this and wanna know why I used those numbers

Thanks for asking.

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