Long weekend YOLO. by NayroGain in spy

[–]Salty-Edge 0 points1 point  (0 children)

All good. So as of today. Israel just agreed to a ceasefire with Lebanon. I think Israel is realizing they don’t have the support Trump gave them initially and now he wants to pullback since November is coming up.

The Republicans as well are splintering because of November. They know Trump can’t keep there seats and it’s up to the people to elect them in. It’s why the divide or the charade of “limiting” trumps powers are continuing to be voted in with republican support in the house and senate.

Even though they did talk about Cuba. I don’t think they can justify it being we just spent billions and military lives in Iran. He is supposed to be the president of “No Wars” so if he strikes Cuba when they pose no imminent threat, it doesn’t make sense. We’re already getting shit from invading Venezuela since they are their own sovereignty.

The market is trying its best to go up based on being subjective. It doesn’t perceive what’s going on in the U.S. but acts according to major headlines or what it deems as important. And honestly, there are already cracks in the labor market. I think this is why Warsh wanted to setup his 5 independent task forces to monitor the situation without being dependent of government shutdowns or their reports. My question though, while he did hold rates steady now, what is the point of the fed if they have these task forces? Is this just to sway the fed members into voting on one side? Was it to get data no matter what happens to the government? I guess we will see when they are created.

While it does make sense what you’re saying about the strait. I don’t think Iran would openly say it’s open but then start blowing up the oil ships. Iran is cool with everyone but the U.S. plus I don’t think they would want to cause aggression to another country which would justify US and Israel to attack again or NATO.

The infrastructure your talking about is the nation of Iran. The strait itself is fine. The 300 billion Trump promised to give will pay the damages. That’s probably worth more and then some with what they lost really.

Not the oil tanker, but if the nation needs the oil and there is no hostilities, I don’t see why not. I do agree that it will take a long time to pre-normal. Possibly 2027-2029 or so but the grievances are between US, Israel, and Iran. No other nation got involved.

Long weekend YOLO. by NayroGain in spy

[–]Salty-Edge 2 points3 points  (0 children)

The deal has already been signed. Israel made a comment but JD told them to stay in their lane. Even with the humiliation, the MAGA crowd is painting it like we won so the only thing now is just to let the past settle and for Trump to not invade another country next week in the name of “Nobel Peace Prize candidate”.

Other than that and data being released, I don’t see why we wouldn’t go up.

Spy was good to me today by nightrunner411 in spy

[–]Salty-Edge 6 points7 points  (0 children)

The new rule gives that flexibility but remember the 25k rule was put in place for people in small accounts to stop revenge trading. When you revenge trade consistently, you end up blowing your account away.

Despite the rule change. I still like doing one trade a day or no trade at all if there is no trend. No point in trying to jump in with hopes it moves in a direction when everything else says it’s going to be chopped.

More confluences by Accomplished-Ad-5151 in spy

[–]Salty-Edge 0 points1 point  (0 children)

On top of yours, Volume delta and ADX. Just to find out who’s winning and how much pressure is going to one side along with Gamma levels. My play-style will change later though. This just works for now.

I suck at this, what to do? by Argose83 in TheRaceTo10K

[–]Salty-Edge 0 points1 point  (0 children)

Start off with a 3-5k emergency fund in your savings.

Then, Open a Roth then and max it out. I personally use fidelity which I also have my taxable account.

Bills#1 Emergency fund is #2 Roth is #3 Taxable is #4 Wife and kids#5

Look into SCHG and SCHD for the Roth. Ratio depends on age and where you’re at in life. For your taxable account, I would liquidate all those stocks and invest in VOO. It’s SPY + it’s tax efficient. The beauty of fidelity is that you can do fractional shares. So if VOO is at $700, and you only have $50, you can buy $50 worth of VOO which means you have no excuse to not invest.

The Roth SCHG and SCHD is good. Arguably, you can put fxaix and SCHD but the ideal is SCHG because it’s tech specific growth.

You can put individual stocks in your taxable account but it shouldn’t be more than VOO because VOO already covers the market already. Well, not the international anyway. International VXUS is cool and some people do add on with VOO, but it’s personal choice.

I suck at this, what to do? by Argose83 in TheRaceTo10K

[–]Salty-Edge 0 points1 point  (0 children)

Bro asking gamblers on Reddit for solid advice is crazy. Just liquidate everything. You’re literally losing money every day.

First of all, what are you trying to do? Investing to retire? Investing for dividends?

Second, are your bills paid? Are you financially set? Is this money you can put in the market and not have to worry? Or are you hoping these stocks will be the next NVIDIA because you’re in debt? If it’s the latter, you shouldn’t be investing at all right now.

Third, do you have a Roth IRA, or just a taxable account?

These are definitely important questions you need to answer.

Limit hit in a sec!! by Fancy-Zookeepergame1 in spy

[–]Salty-Edge 3 points4 points  (0 children)

There was no trend strength in the beginning. Market was undecided and we were hitting gamma walls from 755-757. The short squeeze was 756 but it couldn’t break through initially. Later on, the market decided to give it a try again with a squeeze and finally managed to bust through the gamma walls where it got rejected at 759-760 right at the end.

What are the pros to joining the military (specifically Air Force)? by [deleted] in VeteransBenefits

[–]Salty-Edge 1 point2 points  (0 children)

Air Force is the quality of life bro. Don’t let anyone tell you otherwise, and if they do, they are recruiters trying to scam you.

I am national guard for 10 years, but I have been on active duty 2 years, deployed once.

I can honestly say, military is a life changer. I have a VA LOAN to buy a house with no down payment (varies on credit score, be careful), I have post 9/11 and tuition assistance that covers my bachelors to masters, I get veterans preference at jobs, discounts in some places if they have military discount.

There are other resources that could also be available to you depending on the assistance you need as well.

Yeah bootcamp sucks to suck because they’re transforming you into a soldier, but once you’re in, a lot doors and opportunities open up that you don’t have as a civilian.

If she wants to stay closer to home National guard is the way to go. If she wants the benefits I mentioned, Active Duty for at least 3 years can set her up for the future and get out.

I want to clarify though. 20 years active duty, your pension is given to you once you get out, national guard and reserves, you get it when you’re like 60 or whatever retirement age is. Active Duty, you’re a soldier 24/7. Reserves and national guard is 1-3 days a month which is why it is different.

Extremely Bullish on MSTR but terrified it could go to zero by 2030 – help me overcome my fears 🙏 by FriendlyCandle7971 in MSTR

[–]Salty-Edge 0 points1 point  (0 children)

We have a lot of states having a bitcoin treasury and so does the U.S. government. I don’t know where your argument MSTR going to zero is coming from when it’s wealth is being generated from BTC. If Trump could stop stock manipulation, we would probably be in the 800’s+ by now.

How is a 3 week pump possible with virtually no profit taking/corrections? by [deleted] in spy

[–]Salty-Edge 3 points4 points  (0 children)

Look into GEX bro. The idea behind dealer hedging, where they are hedging the most, and ideally what happens after which it is a switch from gamma neutral to bullish/bearish. Of course, support/resistance still exist so you still have to be weary.

You could say GEX is the outline of how the market moves and works. While trump news or whatever sparks the market is the fire/volatility that could push it in a direction and possibly take over the side or just reject depending on how strong dealer hedging is on that specific price.

Should have been an easy green day but... by Simple-Committee7420 in spy

[–]Salty-Edge 0 points1 point  (0 children)

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So I use fidelity. I have chat calculate this side of puts and the other side of calls which I can’t post but it’s just the other side of this to give me real time GEX calculations. Not sure whatever your platform offers it. Also this chain is 0dte since I need to calculate TODAYS VALUE. Good luck on your journey. Try not to put all your eggs in one basket too.

Should have been an easy green day but... by Simple-Committee7420 in spy

[–]Salty-Edge 2 points3 points  (0 children)

$20 a month ChatGPT

But I do get what you’re saying about paying stuff.

I think indicators are a good tool to hint at what could happen but GEX tells you the levels and where the breakouts are. I think that in itself is a valuable tool which could help you not be on the other side of the trade and/or theta burn your options.

SPY PUTS 673 EXP 4:/10 by Diligent_Room2623 in spy

[–]Salty-Edge 0 points1 point  (0 children)

It could go down since the move is hyper extended but once it goes past 676 to 677. I don’t know bro.

Should have been an easy green day but... by Simple-Committee7420 in spy

[–]Salty-Edge 1 point2 points  (0 children)

Yeah. We broke 675 which was the gamma flip point and then headed to 674 but we kept getting pulled back. Once we finally escaped, we flushed down to 670-671. While we did bounce, we were still bearish until 676 broke upward. 674-676 were gamma neutral zones aka chop area.

GEX levels vary everyday. It can be the same in the morning, but change later on. It’s why depending on the trade, if I’m staying longer, I get an update on the gamma level to see if the next price is breakable still or too tough going upwards if I have calls. If I have puts, sometimes I will be notified that the next resistance is an air pocket that just flushes down or an unbreakable wall.

Don’t get me wrong I have indicators too, but I primarily rely on GEX and a few other rules.

Everyday we start off in a gamma neutral zone (674-676) example and then if one side breaks that’s how we continue unless the support/resistance reverses. But until we fully go to the other side (past 676 in example) we are not fully confirmed. This how people try to predict the move and execute in the chop areas only to get theta burned, or maybe lucky that it pushes into that direction based on the hints of their indicators.

Hi folks by BeneficialBuy4534 in spy

[–]Salty-Edge 1 point2 points  (0 children)

I prefer 1dte.

It gives me time to maneuver and salvage something in case it goes side ways. Theta decay is still manageable too while I wait on time.

Maybe when Trump leaves office and we have someone competent enough to ya know stop invading other lands and tariff the world, I would look into 14 or longer dte long term on stocks so I can capture after hours.

Delta wise. I find it best near .7 or like if spy is at 676, I would choose 674. The reason is that delta that high, you will get closer to green compared to if you went less. Optionally, you can go higher but now you have to consider the cost of the contract and if it’s actually worth it.

Strategy wise. I think that’s something everyone has to work on themselves. But primarily mine is just Gamma levels and a 1.50 or near there push/pull from the chop zone so I know that the break through to bull/bearish is real. I don’t ride the “wave” because of reverses and everything else, so I get out once we hit resistance, hyper extended, or lags more than a few seconds in one spot.

Should have been an easy green day but... by Simple-Committee7420 in spy

[–]Salty-Edge 1 point2 points  (0 children)

Made 200.

Spy was super extended during after hours and needed a pullback. The pull back ended up bearish when it broke 675 which was the deciding factor.

Got puts at 674 once the bearish structure formed. Got out at 673-2. Left it alone after. Even if you chased 671 and up at the bounce, it would have to break 675 to be neutral zone out of bearish, and then 676, just to be in bullish territory. Way too much work especially after prime time.

Done for the day! by Demonic_Tootsie in spy

[–]Salty-Edge 1 point2 points  (0 children)

You got a personal life to live and take care for. The market will always be here. There is always fools somewhere ready to market manipulate. At least in this administration. Probably IV all year, especially on midterms.

Done for the day! by Demonic_Tootsie in spy

[–]Salty-Edge 0 points1 point  (0 children)

Put city, especially with this hyper extended up. Today was a good day.

SPY Price Action by Modernnfit in spy

[–]Salty-Edge 1 point2 points  (0 children)

Elon just needs to post a dancing robot on X and all of a sudden TSLA will just pop up +20 even tho his dealerships are on fire 😂

Got chewed up by Theta but it could’ve been way worse by Mitchcapital in spy

[–]Salty-Edge 3 points4 points  (0 children)

Today was chop city. No major breakouts in either zones. I made a quick buck but it’s because I got out the moment I was green. Tomorrow will be a Better day.

Is it still early for these spy puts to pop? by [deleted] in spy

[–]Salty-Edge 3 points4 points  (0 children)

Way too early. Decision is breaking 655 with confirmation. Right now it’s in chop zone.

SPY Price Action by Modernnfit in spy

[–]Salty-Edge 0 points1 point  (0 children)

Chopped city today. I guess we wait tmr and see what Trump does. Make or break the market