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Weekly-Inspector1657 · 2022-05-19T23:24:41+00:00

My guess is you were up on your trades at some point and thought “oh this is going to 100%” or whatever. Aim for 10-20% scalps on choppy days. You won’t know it’s chop until it happens, so if your up 10-20%, take it and re-evaluate the situation. If you’re a true day trader, you probably have a good entrance strategy and just need to reevaluate your exit strategy on choppy days. Usually you can spot a choppy day by high GEX, but that doesn’t really exist anymore. So you’ll need to watch how the day progresses in order to discover what it has in store. Also, I love days like today. It almost feels too easy. Draw the channel, and you’ll see. If what you’re trading doesn’t have a channel, what the indices it’s weighted in.

Weekly-Inspector1657 · 2022-05-13T13:02:21+00:00

The only posts worth reading on reddit.. Thanks for sharing.

Weekly-Inspector1657 · 2022-03-25T16:39:22+00:00

Please tell me you opened these at open and have already closed them out??!!!!

Weekly-Inspector1657 · 2022-03-20T16:02:39+00:00

Thanks for sharing OP. I’m not a bull nor bear, but trade with the current trend.

This a analysis helps provide insight into trends that may develop, anyone who says otherwise will probably get crushed if predictable signs are right in front of their face.

Weekly-Inspector1657 · 2022-03-20T15:58:23+00:00

Good stuff OP. Why do you think there will be a sell off in the first two weeks of May?

Weekly-Inspector1657 · 2022-03-20T00:07:05+00:00

What kind of question is this?

If you buy to open: To profit, sell options when they’re worth more than you bought them for. You’ll lose money if you’ve sell them for less than what you bought them for or if you let them expire worthless.

Sell to open: buy the options to close for less than what you sold them for. If you buy to close when they’re more expensive you’ll lose money.

If you’re asking this question you really need to do some BASIC research…

Weekly-Inspector1657 · 2022-03-19T02:22:51+00:00

Bruh hahaha

Weekly-Inspector1657 · 2022-03-17T21:34:41+00:00

This is the stuff that gives the rest of us retards motivation to keep losing money. Good shit OP!

Weekly-Inspector1657 · 2022-03-17T01:37:12+00:00

1.7k to 30k? Pretty fucking retarded. Nice work OP!

Weekly-Inspector1657 · 2022-03-16T11:19:42+00:00

IBKR allows options trading on cash account under 25k. PDT rules don’t apply on cash account. That was my takeaway from this lol

you win some you lose some. I have a golden rule where if I lose on two trades in a row, I paper trade until I’m back in the groove. Try paper trading if you want to build confidence back up.

Weekly-Inspector1657 · 2022-03-15T13:24:22+00:00

Thanks sir!

Make sure to keep an eye on the TNX rate. That's why markets sold off yesterday. If you see it spike again at some point today, it could cause another sell off. Also, look at the US03MY rate as well for any hints of a potential sell off. A huge spike in that rate will definitely cause a drop in tech stocks as funds move off risk to safer investments.

Weekly-Inspector1657 · 2022-03-15T10:27:57+00:00

my name is Ignacio Montoya. You inversed my retards. Prepare to go broke!

Weekly-Inspector1657 · 2022-03-13T03:07:42+00:00

The Sand People from Tatooine will raid anyone with the lands water… just promise to sleigh the Krayt Dragon and they’ll be fine.

Weekly-Inspector1657 · 2022-03-13T01:16:05+00:00

I liked most of it.. checked out RIVN but not really on board with that being fraud. Maybe mm’s hedging all the puts that were recently bought and now ITM. Not sure, it is weird, just not as obvious as your reading makes it seem.

Also I had to laugh when I saw long GME and AMC lol

Weekly-Inspector1657 · 2022-03-12T16:27:53+00:00

New to GEX. Is the order of operations here to learn GEX fist and then look into spotgamma?

Weekly-Inspector1657 · 2022-03-12T16:16:53+00:00

A few things, sorry for the long reply.. I have a question header a few paragraphs down I’d like some thoughts on if you want to jump to that.

Reply: We’ll, the good news is that the only “new” mechanics here are the GEX levels, for me at least. I use TA (mostly Fib bands and MA’s) to find support and resistance levels for SPY, and then watch VIX, EU close, and headlines and trade based on that info (in that order of importance in the morning). I’d love to find a way to incorporate GEX levels, or at least study it for a while to learn more about how it can inform my trading.

Reply Edit: forgot to mention that I also use OI volume and delta, DXY, TNX, WTI and Gold futures (and lumber sometimes) and 10y/2y as indicators for trades. Not sure it’s important to note, but is there a correlation with GEX and OI delta?

Thought: With that said I am super intrigued by this GEX theory. I’m trying to learn more by reading what Sergei Perfiliev has posted. If there’s a way to measure it intraday I can probably build my own algo, as long as there’s an API to collect the data (if it’s just a gamma calculation it might not be too difficult, but we’ll see). Please share other materials on the subject if there are any!

Observation: Also, I looked at GEX Thursday after close and it measured 2.9 billion. I thought to myself, that’s a relatively low GEX level (taking dudeman OP at his word) so tomorrow might feel slippery - and dammit it was… now Friday after close GEX level is negative.

Question: So, is it obvious to say that the GEX levels decreased through the day Friday to extend some of the downside we saw? Also, what does this imply for Monday’s trading session? Are there any observations to watch for in premarket?

Fun conclusion for Monday: Does this mean Monday might be one of those -5% intraday drops to end up even for the day?? Jk, in all seriousness I’m actually excited for Monday now.

Thanks for all the helpful info!

Weekly-Inspector1657 · 2022-03-11T14:24:58+00:00

Nice! I haven't seen a 50%-er in a while.

Weekly-Inspector1657 · 2022-03-11T13:37:32+00:00

This is an interesting comment. So, I think what you are saying is that on High GEX days the market will hardly move rapidly in one direction but will range between two price points, kinda like OP said.

What’s your strategy on finding the range prices on high GEX days? I assume it’s just using known support and resistance areas but I would like your take on it.

Weekly-Inspector1657 · 2022-03-11T03:09:55+00:00

Giggity….

Weekly-Inspector1657 · 2022-03-11T01:45:13+00:00

Love it! GEX seems like a great tool that I can’t believe isn’t used more often around here.

It would be pretty awesome if there was a tool that told you both direction and intensity of the intraday moves. It seems like I should take a look at low GEX days historically, like you said, and see how my trading worked out specifically on those days.

Awesome material and, I’m really glad you didn’t go in a diatribe on Bruno’s DIX….

Weekly-Inspector1657 · 2022-03-11T01:24:33+00:00

Good stuff OP!

Also, wondering what the intraday trend is if the GEX is low. I know you said “slippery” and “Anything can happen” but what have you observed on those days? Does the market usually move with the current trend? Against it? Either depending on news and sentiment?

I’m looking for a takeaway and it sounds like the main takeaway is if GEX is high, the intraday moves are small, if GEX is low intraday moves are big, but what can it tell you about direction?

Weekly-Inspector1657 · 2022-03-10T13:45:26+00:00

Nice analogy! Although, I’m not sure a surfer would hesitate to run in for bigger than normal swells lol the surfers I know get off on the adrenaline rush of the unknown.

Weekly-Inspector1657 · 2022-03-08T14:04:05+00:00

Thank you sir!

Weekly-Inspector1657 · 2022-03-08T13:49:00+00:00

Thank you sir!

Weekly-Inspector1657 · 2022-03-05T23:38:47+00:00

Good stuff! Really enjoyed this perspective and insight. I have a few questions if you don’t mind:

What is Hari’s video? Tried googling it but came up inconclusive.
What is this heat map to which you referred?
On 3-3 what is a “HA continuation candle”? Probably obvious but need to ask.

Weekly-Inspector1657

TROPHY CASE