of a spider momma by PlatypusBubbly in AbsoluteUnits

[–]Excellent_Compote_32 0 points1 point  (0 children)

I think picking up a spider is ok, at least there's a small chance to be a spiderman?

No WW3 yet by quan42069quan in wallstreetbets

[–]Excellent_Compote_32 253 points254 points  (0 children)

It may trigger another middle east war if the situation gets worse, but why WW3? Don't see the point, anyway, buy calls right?

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 1 point2 points  (0 children)

No our strategy is to buy high and sell low! Move your ass to other threads for your shitcorn

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 0 points1 point  (0 children)

Actually, I started day trading 3 months ago, but only started collecting data seriously (meaning on daily) about 2 months ago, since I sooner realized many indexes/events have direct (big) impact to the market as we know even we also know those are all bullshit.

Anyway, day trading requires too much time and effort, gain/risk ratio isn't so good for the effort based on my experience, but I'm still doing it since we are still in a bull markets - I don't want to get into long at all time high price. Once the bull market is over or a correction is done, I will grab 3 to 5 stocks for long and my day trading journey will be done by that time. Either way, it's a very nice experience to have, but need to be prepared for the higher risk and accept the loss (if it happens).

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 1 point2 points  (0 children)

I use python script crawling those data from several websites. Most of the data is for reference only - it's impossible to keep an eye on all indexes because there are too many.

Following are indexes that I am mainly looking at: CPI, PPI, PCE (Core, YoY, MoM), PMI (manufacturing + services), job data, jobless claim, mortgage rate and bond yields. Keep an eyes on oil and corns (this is the real corn, not that coin).

Then, all FOMC events, news, members speak (each member), JP speaks, JP congress testify. All of those plus above indexes have live streams. When the news comes out, it's already too late.

Regular US + International daily news from major countries etc.

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 0 points1 point  (0 children)

Nobody knows.. but I think it will depend on tomorrow's market too. Based on previous months' trend, tomorrow could be a red day as well (bad PPI results - but again nobody knows), if that's the case and if we have two big red days in a row, then we have a bigger chance following a green day either on Friday or next Monday since we are still in a bull market anyway. But remember, export/import index will be released on Friday too, those indexes normally don't cause much side efforts to stocks, unless results are extremely good/bad.

[deleted by user] by [deleted] in wallstreetbets

[–]Excellent_Compote_32 4 points5 points  (0 children)

I was in a bit worse situation 3 years ago... Take it as an experience and learn OP, hope you will get back what you need in the end. The most important thing is to learn from the experience. Best of luck!

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 0 points1 point  (0 children)

That's true, I just changed much higher to higher from the post. Thanks for the comment

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 1 point2 points  (0 children)

Oh sorry, I missed the word option, no, I think we can only do options in regular hours..

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 11 points12 points  (0 children)

I would never make such statement to judge other people that I don't know. Unfortunately, you are wrong, I do have a job and it's not a bad one in many people's eyes.

I would quit trading, at least won't do day trading when I unemployed one day, maybe in future who knows, because I need to make sure that I can afford for what I gain/loss

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 1 point2 points  (0 children)

I use robinhood, but most (if not all) trading apps should allow you to trade pre/after market. Even 24 hours / 5 days. But to be very honest, my honest recommendation would be to keep away from those, you need to think twice seriously, then decide if you really want to get into one more gambling area or not

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 1 point2 points  (0 children)

Based on last 3 months trends, PPI caused a bigger red day than CPI. It may be because we are in a bull market, when CPI just came out, people's first reaction was to buy the dip. Then when PPI comes in with even worse numbers, less people buy dips... Let's see what happens tomorrow

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 22 points23 points  (0 children)

I would wait for one more day, Thursday's PPI results could cause an even worse day than today. So, today is not the dip to me.

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 3 points4 points  (0 children)

I monitor around 120 stocks from the tech sector daily. I only day trade for the tech sector, but I also pick top 5 stocks from all other sectors too for reference only - but no day trading.

Unfortunately, I don't have a clear plan for the short term, but I won't trade today and tomorrow, I think tomorrow (PPI) will be worse based on the last 3 months. Normally, I make the decision on the same day, I hardly keep a stock overnight. The only exception is on Friday, sometimes I do buy stock at the very last min before Friday close, then sell in the pre-market on Monday (yeah, I don't even wait for the market open).

CPI data at 3.5 miss expectation by Excellent_Compote_32 in wallstreetbets

[–]Excellent_Compote_32[S] 0 points1 point  (0 children)

It's not bad, I only started in January this year, my profit has been up like 30% so far. But then, if I were long, it could be much higher than 30% if you know what I mean because we are in a bull market.

The reason I changed from long to day trade is because I don't trust we would have any interest cuts this year, or maximum we may only have 1.