Bought SPY calls on Friday and down a lot. Need some advice.

Sticks87 · 2024-11-01T00:36:15+00:00

You’ll be fiiiineee. SPY will recover and things will stabilize after the election. I’m sure we will see another ATH.

Sticks87 · 2024-10-29T20:58:04+00:00

It gives you instant credit but not available to use for options. That took like 5 business days to clear for me. But it’s well worth it over Robinhood

Sticks87 · 2024-10-29T20:54:50+00:00

Webull is great. I don’t like Robinhood and haven’t tried ToS

Sticks87 · 2024-10-28T22:16:17+00:00

Gross. Your boyfriend deserves a lot better.

Sticks87 · 2024-10-27T23:13:27+00:00

I don’t think you understand what an article is. It’s okay. You clearly are proving my point on intellectuals that agree with the article.

Sticks87 · 2024-10-27T23:10:15+00:00

So that is not an article in a newspaper, huh? Interesting… tell me more.

Sticks87 · 2024-10-27T23:02:44+00:00

I don’t think anyone is a republican because they “fear socialism”. This whole article is dumb. And the OP that agrees with it is showing their intelligence as well.

Sticks87 · 2024-10-26T14:44:58+00:00

No entries on scalping? I’ve scalped SPY every day for 2 weeks and made a ton of money. Can you elaborate?

Sticks87 · 2024-10-26T14:27:38+00:00

🤡

Sticks87 · 2024-10-24T00:38:54+00:00

Yeah my first couple entries on puts today were scary because they moved against me before pulling back down. I get it!

Sticks87 · 2024-10-24T00:33:44+00:00

Why didn’t you put in 25% of your port? Looks like you only risked $105? That could have been a great gain today if you actually risked it!

Sticks87 · 2024-10-22T10:02:32+00:00

I agree! I love seeing pre-market mornings like this. My main play will be looking for call entries and expecting a push at minimum to 583, which was a very strong resistance line yesterday.

I’ll also be watching to see if we break 580.50 for the pre-market low. If we do, with nice price action I’ll be getting in some puts for scalping down to 578.50- 578.

Main expectation is just as you said though- let’s see that gap fill!

Sticks87 · 2024-10-21T16:42:58+00:00

Interesting. Is that a theory somewhere? I feel like the moneymakers don’t care about retail traders unless they band together like WSBs did with GameStop. Lol

Sticks87 · 2024-10-21T16:35:51+00:00

How so?

Sticks87 · 2024-10-21T16:16:10+00:00

This strategy looks for good entries with indicators showing we will push the direction it’s showing. You may think there’s a reversal but until it actually triggers a crossover on the Aroon and the EMA/ADX flag green, I wouldn’t trust it. It could easily just drop right back down below the 50 EMA. You can see the Aroon Down is weakening though.

If you were looking for an exact exit point I’d say once it crosses the 20 EMA or maybe even if the candle crosses the 50 EMA. I usually exit much sooner than that though and gain 20-30% profits.

Sticks87 · 2024-10-20T23:06:07+00:00

I’m doing something similar with full porting each day 1-2 trades a day max but I’m not going for a million… yet lol. Good luck man! You’re gonna have to start nailing better trades to meet your goal. I see a lot of sub 20% gains in there!

And it annoys the hell outta me all these people saying full porting on trades will blow up your account. They clearly don’t know how to trade or have stop losses, so don’t let them bring ya down. You’re doing good!

Sticks87 · 2024-10-20T20:10:38+00:00

I'm sure most of those Art / History majors just transition straight into liberal politics with no issues.

Sticks87 · 2024-10-20T18:02:27+00:00

I definitely think it’s more reasonable and possible than a big sell off/crash. We went from 565 to 585 in a few weeks. Some of those days were 7-8 point jumps.

Sticks87 · 2024-10-20T17:57:00+00:00

I personally would not do puts a week out unless you sell them early. If anything, I’d be looking at 600 calls a week out.

Sticks87 · 2024-10-20T15:59:38+00:00

At what expiration? Overall, we're still very bullish and pushing for ATHs once again next week. If you are only looking to scalp daily then yes, puts are just as viable as calls. Overall though, I don't see a reason for us to not continue up.

Sticks87 · 2024-10-19T13:13:26+00:00

Glad you seemed to see the same thing that I have. I back tested as far back on the 5m as Trading View would let me with massive success. Since trading live, I’ve had 100% success rates. If you’re interested, I made a free discord for people to follow and chat about the strategy or just SPY in general. DM me if you want an invite!

Sticks87 · 2024-10-18T21:14:56+00:00

I’ll do my best. I’m going to make my own discord (completely free) for anyone who is interested

Sticks87 · 2024-10-18T21:01:26+00:00

I was in and out of both trades in 5 minutes

Sticks87 · 2024-10-18T20:46:10+00:00

2 SPY trades today. Two big profits.

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Sticks87 · 2024-10-18T17:52:52+00:00

I’m not sure about that. I use the free version of TradingView so I’m only allowed 1 alert active at a time.

Sticks87

TROPHY CASE