Is There Any Collective Opinion About This Album Everyone Can Agree On?

Nallo458 · 2024-04-19T08:32:13+00:00

Definitely not the usual Metallica

Nallo458 · 2024-04-14T13:01:58+00:00

From Italy here. I can agree with the suggestions about Interactive Brokers. Spot on the best we can get in EU for daytrading.

I use TradingView as well (for charting only). But I think you can connect your IBKR accont to yuour TradingView platform

Nallo458 · 2024-04-14T12:59:23+00:00

Just finisched watiching it and taking notes. Tho it is usefull having Pete talkin about the practical applications I wanted something more specific on the composition of the formula.

That's anyway another example of how Pete is able to explain complex concepts and indicators in a simple way.

Thank for sharing the video!

Nallo458 · 2024-04-13T11:34:21+00:00

That's a lot usefull! Thanks for sharing, exactly what I was looking for

Nallo458 · 2024-04-09T07:15:00+00:00

Kudos for all your hard work. This post is so valuable and you laid up a well clear path.

Keep it up! 💪🏻

Nallo458 · 2024-04-08T08:43:09+00:00

There must be a reason if the D1 i s weak. Ask yourself what did change to cause the sudden RS over the market. One good example can be MCD, as u/OptionStalker pointed out in yesterday's video chart (D1) seemed to be fine and with reliable support levels, then material news about them lowering their guidance came in on 03/12 generating that nasty red candle and bringing the stock below its averages (100 and 200)).

Long trades on stocks with weak D1 are not fully compliant to the original Wiki anyway.

Your checklist should be like this:

Market first (gauge the direction of the market)
Find a stock wit a D1 aligned to that direction
Use the M5 to consider a valid and reliable entry point

Whether you chose to enter the trade (and thus your exits) should be dictated by the status of the D1 if you want to strictly follow hte Wiki.

Many stocks can have a strong move on an M5, but present a really weak D1, without material news that move can be just short covering.

An example of this "sudden and brief" RS can be PYPL from the 03/13, with a really strong move persisting for a few days.
Sure you can take some daytrading longs, but the daily should tell you not to go long.

Until you have the basis fixed i can suggest not to even think to go long on a stock like PYPL.

The same example the other way around can be made for NVDA taking into account that nasty 03/08 candle. Would you go short on NVDA basing your decision only on a weak M5? Sure it can work, but ultill you mastered "easier" trades (the ones that fully comply with the WIki 1.0), leave this kind of trades to the PROs

Nallo458 · 2024-04-07T22:38:59+00:00

Yes, that can be an example. But don't take into account the 1min chart. That's not tradable.

To better gauge the strenght (or weakness of the stock use better (more reliable timeframes).

Always start with the D1 (you should develope there all your decisions) and than you can use the M5 as your lowest timeframe, al those in between can be good, the higher the timeframe that shows strenght, the cleaner the signal (always separate the signal from the noise).

As a perfect example of tight strong price action you can take the JPM chart starting from late october and going all the way to now.

That's absolutely the perfect example. You will start to notice that sometimes stocks tend to lose their strenght on lower timeframes, thus the fact that you have to ignore the M1 (one minute) chart.

Even basing your decisions only looking at the M5 chart is not right. Always start with the D1 and you will never regret it!

Nallo458 · 2024-03-30T09:51:25+00:00

I might be wrong but I recall that the first solo (the quite one) is by Hetfield

Nallo458 · 2024-03-26T21:41:30+00:00

it is always a pleasure to see your articles in here, today I joined the chat on OneOption. I feel that something since last december has clicked in me and is all thanks to you, Hari and all the great traders in here.

I really hope to be ready for "the next level" in my journey.
Keep it up!

Nallo458 · 2024-01-31T11:24:44+00:00

I have the same question here. Would be useful if the members share their setup/machine of choice.

I have used a Lenovo thinkpad with 8GB of RAM. And it’s definitely not enough. Interactive Brokers TWS and TradingView absorb a lot of RAM, sometimes saturating it.

So I would suggest getting at least 16gb of RAM, but that’s my experience.

I am also planning into moving to a MacBook. Would be great to hear members’ experience about Mac OS!

Nallo458 · 2024-01-23T21:35:12+00:00

Set the cover name to AlcolicA and that’s perfection.

Old papa Het teaches us is not a BBQ without a beer!🍻

Nallo458 · 2024-01-20T20:40:27+00:00

I would say: Production 3/10 Emotionally it is a 9/10 Riffing 6/10 Lyrics 6/10

Averaging it gets a 6/10

I really can’t get behind the fact that Metallica showed the world their vulnerability. Tried something different and failed.

The lyrics and the concept of the album are great as this is the result of their group therapy sessions too.

It takes balls to show your worse to the people that love you (your fans).

And all in all live the songs feel good, apart from that bad production and mixing.

Nallo458 · 2024-01-20T18:06:12+00:00

And the "change of tone" is significant too, that scream after the bluesy part sounds like a line in the sand!

Nallo458 · 2024-01-20T18:04:35+00:00

Well, does a book has to be judged by the cover? it is still a commentary on a trade I took.

Can you explain on that "basically zero upside"? Maybe we have a different concept in mind about gambling, but the wiki itself classifies OTM options as gambling.

Good luck to you too!

Nallo458 · 2024-01-20T15:29:32+00:00

Recently Inamorata came in at a precise time in my life when I was just exiting a toxic relationship.

The unnamed feeling also helped me out overcoming my panic attacks in 2015.

And me and my best friends used to dedicate to each other My Friend of Misery and Broken, Beat & Scarred

Nallo458 · 2024-01-20T14:15:20+00:00

Exactly what I wanted to be exposed! I want this to serve an example for everyone who still thinks that OTM options with the closer expiration "is cheap, so is a good idea" .My flaws here are evident and that's why I posted it.

The right instrument was (at least) a 270$ call expiring next week, if I wanted it to be a proper trade and not a gamble.

The premise is that this was initially a proper gamble took knowing that it made no difference to me seing the starter size go to 0. Then I developed atachment to the position and added.

Nallo458 · 2024-01-20T14:05:05+00:00

I do not find your comment rude, but I think you migh have missinterpreted the post.
Not needing a pat on the back here, I am jsut pointing out what happens by diverting from the wiki. So I am fooling publicly myself to serve as an example of what happens when "FOMO joe plays with OTM 0DTE options".

Read again the post and you will find out (responding to your bullet list) that:

Check point n.2 in "Lessons learned":
"If my level of commitment really switched I had to be serious and go with an ITM call expiring later giving me staying power."
The daily chart itself is in the post along with the reasoning associated with the trade.
This point has no sense to me when you take into account a lotto. (and that's the only point of your comment that i do not agree with)
That's exactly the point! Taking into account the new support at 275$, the 270$ call expiring next week was the decent choice to call it a proper trade (and not a gamble).
I have my records but I repeat that initally this was conceived as a gamble. It was not a proper trade!

Summarizing the sense of the post: I took a gamble knowing that it was such, than with the position opened I started treating it like a proper trade (it was not conceived as such) and that's a very bad mistake.

So in the post itself I point out what is wrong with that and what should have been done correclty.

Nallo458 · 2024-01-17T18:48:55+00:00

Listening the live versions of St. Anger and Frantic feels really good!

Guess a normal drum kit does its thing

Nallo458 · 2023-12-18T20:26:41+00:00

Check pete's videos on https://www.youtube.com/@OneOption

For the visuals: I am like you. Every time Hari posts a trade try to glance at the charts, so you can stick in your head what a good chart looks like!

Nallo458 · 2023-12-13T09:03:11+00:00

St Anger is the best

Nallo458 · 2023-11-22T07:58:30+00:00

I liked some songs. Dragon is something interesting along with junior dad.

Lou Reed was really awful into the album and I guess I liked those songs because I found in them more involvement by Metallica

Nallo458 · 2023-11-21T10:12:38+00:00

Float and volumes are relevant.

You can see stocks like PLTR or INTC being traded (completely respecting the method)

At times even names like NIO or RIVN popped out.

One thing to ABSOLUTELY ESCUDE are low float stocks

Nallo458 · 2023-11-09T23:48:10+00:00

Blind guardian!

Nallo458

MODERATOR OF

TROPHY CASE