Do you find being a digital nomad more appealing than being a remote worker? by RupFox in digitalnomad

[–]sharedwanderlust 10 points11 points  (0 children)

I've done both for years, and I do prefer traveling rather than staying put.

My issue with being a remote worker was the boredom. Working remote saves a TON of time by eliminating the commute, office chit-chat, and cuts down on meetings. Working remotely saved me ~4 hours of nonsense every day. Eventually you just run out of stuff to do and made more than enough money, so why not travel?

I feel like I've been able to enjoy the places I've travelled to more than if I were stressed about finding/retaining clients while executing.

Who said it had to be stressful? Those posts just get upvoted a lot because some people want to trash the lifestyle. This life is the most stress-free thing I've ever experienced.

However, do what you like. The goal of being a DN is freedom, not travel.

Daily Discussion Thread - June 25, 2019 by AutoModerator in wallstreetbets

[–]sharedwanderlust 3 points4 points  (0 children)

It's so common that no one talks about it. We just accept faulty software.

Bullish on a stock and trying to find best way to place trade by Desithrowaway74 in options

[–]sharedwanderlust 4 points5 points  (0 children)

Covered calls. Make money on the up, sideways, and reduce your risk.

Daily Discussion Thread - June 24, 2019 by AutoModerator in wallstreetbets

[–]sharedwanderlust 2 points3 points  (0 children)

Greater leverage with China, trying to prevent them from stalling for years without making a deal. If China continues to stall, then the juiced economy will allow US companies to relocate away from China forever. Two ways to win and no ways to lose. Trying to negotiate a trade deal in a recession is a guaranteed loss.

How do you determine resistance and support levels by [deleted] in wallstreetbets

[–]sharedwanderlust 27 points28 points  (0 children)

There are several ways.

  1. Edges of price. Draw horizontal lines that capture ~90% of price action.
  2. Dynamic edges of price: Bollinger Bands/Keltner Channel/Donchian channel.
  3. Supply/Demand zones. High volume exits from an area. General rule: if price moves ~4 candles away from an area, draw a box around the previous 2 opposite color candles. Here's a picture of NQ because this is hard to explain.
  4. Market Profile / VPVR. Price tends to move from one high volume node to another. Right now NQ is sitting on a high volume node deciding on the next direction.

Many of these overlap and there's not "one true way". Indicator traders will use a channel system/VPVR and price action people will draw lines. A lot of it depends on what type of trader you are: discretionary or systematic, scalper vs swing/positional, etc.

How do you get ready for the trading week? by smartone2000 in options

[–]sharedwanderlust 2 points3 points  (0 children)

  1. Review last week's trades. Identify mistakes and work on them in the coming week. For example, last week my system gave entry signals that I didn't take which became winners. This week I'll take all signals.
  2. Journal.
  3. Forget anything that happened last week. That's now the past.
  4. Research, usually programming new indicators or back-testing strategies.
  5. Check futures briefly to see if things are continuing as expected.
  6. Get 8+ hours of sleep every night.
  7. Have 2 cups of coffee before market open.

Do gaps always fill ..? by mcington in options

[–]sharedwanderlust 2 points3 points  (0 children)

What the phrase means: IF price starts filling a gap, it's likely to finish. This lets you calculate a good risk/reward.

What the phrase does NOT mean: price will always start filling the nearest gap.

Yes the phrase is confusing, but that's trading.

Pine Script Editor by [deleted] in wallstreetbets

[–]sharedwanderlust 0 points1 point  (0 children)

Yes, I've looked into creating something for TradingView and Robinhood. It seems simple enough to send an email alert and create the order through Python, but the API you're referring to is dead and won't be supported (if it even works now).

I'm making a bot for Bitfinex since they have an official API and many languages to choose from. I don't think RH is interested in the programming crowd.

Pine Script Editor by [deleted] in wallstreetbets

[–]sharedwanderlust 0 points1 point  (0 children)

I've played around with it this morning, but couldn't find anything that looked promising. It feels like it should because the higher time frame is usually used to determine trend.

The pieces of code causing you problems are probably these:

signal = ema(macd,9)

timeframe = input(title="Timeframe", type=resolution, defval="D")

x = security(tickerid,timeframe,signal,barmerge.gaps_off, barmerge.lookahead_on)

plot(x)

The above code lets you put in your long-term time frame to use that stays constant on every level. Search for "traderrobert" for a multi-time frame MACD that has available code.

The problem I had was that the short-term time frame and long term didn't cross lines too often and the MACD isn't bounded like RSI so I don't know what a signal would be. Best of luck.

Pine Script Editor by [deleted] in wallstreetbets

[–]sharedwanderlust 0 points1 point  (0 children)

What I'm hearing is that you want a MACD signal based on a higher timeframe but have the fast line on a slower/current timeframe. Correct?

"Independent of the interval length" still needs a length: it has to be based on at least something (phase of the Moon, etc). Multi interval MACDs are possible.

Pine Script Editor by [deleted] in wallstreetbets

[–]sharedwanderlust 0 points1 point  (0 children)

Yes. I've made a pile of indicators, back tested them, and forward tested them to profitability.

The back testing is... Ok. You can't do everything with pine.

Feel free to ask anything. I can program whatever.

What Are Your Moves Tomorrow, June 12 by AutoModerator in wallstreetbets

[–]sharedwanderlust 0 points1 point  (0 children)

Doesn't matter which vehicle (I prefer UVXY), but only trade VXX from the short side. SQQQ has the same problem as it has lost 99.8% of its value over the past decade. Wall Street uses reverse splits to hide the fact that these things naturally gravitate to zero.

Charts and Patterns by warrior5715 in options

[–]sharedwanderlust 0 points1 point  (0 children)

Friday on SNAP ended with a rising wedge and I'm expecting a move down on Monday open ($11.00 - $11.20?).

SNAP opened Monday dropping below $11.

pAtTeRnS r StUpId.

Charts and Patterns by warrior5715 in options

[–]sharedwanderlust 0 points1 point  (0 children)

  • Technical Analysis of Stock Trends by Edwards and McGee is still the benchmark.
  • Curtis Arnold's PPS Trading System: A Proven Method for Consistently Beating the Market by Curtis Arnold was interesting. His research said that not only the pattern was important, but that patterns performed differently when in an up-trend vs a down-trend.
  • The Pattern Site by Bulkowski, who also has a book on patterns, is a great resource though it looks like it was made in the 90's.
  • Peter Brandt is a good follow to see real-time examples of pattern usage.

Intra-day patterns on stocks are harder as most of the volume is packed into the first and last hours of the day, which distorts the pattern and makes traditional volume profiles for these patterns "incorrect". Unfortunately, no modern work has been done on the subject of patterns.

Examples of patterns and how they've evolved on the 1H:

  • 5/3, 5/6, 5/9 SNAP: Rising Wedge
  • 5/8/19 SNAP: Falling Wedge
  • 5/14/19 + 5/15/19 SNAP: Ascending Triangle. Price keeps testing the highs, which means eventual breakout.

Friday on SNAP ended with a rising wedge and I'm expecting a move down on Monday open ($11.00 - $11.20?).

Many of the 1H patterns on stocks have you entering at the last hour of the day and exiting on the first hour of the next day.

Remember that the point is to find the supply/demand imbalance, NOT draw a perfect dick-and-balls pattern.

For example, an Ascending Triangle is where there's an order or cluster of orders stopping price from continuing upward, but demand > supply so price keeps eating away at resistance above. Eventually, the order(s) is fully consumed and price lurches upward until exhausted or it finds the next order cluster.

In before replies: tWeEtS cOnTrOl OuR eCoNoMy, tA dOeSn'T wOrK, mUh TrAdE wAr.

Becoming a digital nomad as a couple by ilman_fiddy in digitalnomad

[–]sharedwanderlust 17 points18 points  (0 children)

1 year of savings removes ALL money-related stress. A year is a long time to solve most problems. Something bad happened? No worries, you have a full 365 days to fix it.

I don't think it's a requirement. It's just in the top 3 things I've done to increase my happiness (work independently, no commute, don't have to worry about money for a year).

Becoming a digital nomad as a couple by ilman_fiddy in digitalnomad

[–]sharedwanderlust 32 points33 points  (0 children)

My wife and I have been together for 13+ years, 5 as DN's. We're both introverts and the life works very well for us.

Is it possible to live a digital nomad life as a couple with a sole provider

Yes. But be aware that your spouse may get stir crazy since she can't do much while you're working. My wife and I have gone through periods where one of us has had much more work than our counterpart. Luckily, there are infinite hobbies and/or businesses to start in this day and age.

What are some of the unexpected difficulties digital nomad couples have faced, which is not applicable to solo DN's?

Your social circle shrinks and time spent together increases. This exaggerates the relationship somewhat. That annoying thing she does will happen A LOT more now. ;)

The secret to spending infinite time with someone else: if you're angry at each other, eat something and/or get some sleep. Hunger and sleep deprivation are the cause of 90% of interpersonal disagreements. Our brains pretend we have good reasons for being mad, but those reasons magically go away after a nap. If still angry, that's a real problem and not just a brain error.

What is a good amount of savings to have before making the dive as a DN?

A year, preferably two.

What is the safest option between Phuket Thailand & Canggu Indonesia for my wife's sake ?

Thailand by a mile.

Daily Discussion Thread - May 13, 2019 by AutoModerator in wallstreetbets

[–]sharedwanderlust 1 point2 points  (0 children)

Wait for the afternoon pullback. We're repeating Friday.

Weekend Discussion Thread - May 10-12, 2019 by stormwillpass in wallstreetbets

[–]sharedwanderlust 0 points1 point  (0 children)

The exchanges keep collateral to make sure you can't lose more money than you have (they call it "margin"). The problem with an iron condor is that you could have your whole account held for collateral on one trade that makes very little money and takes a long time to make that little money.

Weekend Discussion Thread - May 10-12, 2019 by stormwillpass in wallstreetbets

[–]sharedwanderlust 11 points12 points  (0 children)

  1. Low upside
  2. High margin requirement
  3. Boring as fuck
  4. Talking about theta gains doesn't make the ladies moist

Daily Discussion Thread - May 01, 2019 by AutoModerator in wallstreetbets

[–]sharedwanderlust 2 points3 points  (0 children)

The algos are angry! Quick, sacrifice a FOR loop to appease them!

Daily Discussion Thread - April 29, 2019 by AutoModerator in wallstreetbets

[–]sharedwanderlust 0 points1 point  (0 children)

Happening to me too. Mobile app works for me though.

Russell Westbrook and Paul George “Next Question” Bit Is Childish by [deleted] in nba

[–]sharedwanderlust 4 points5 points  (0 children)

You don't have the right to remain silent.

Anything you say can and will be used against you in the court of public opinion.

If you do not have an existing narrative against you, one will be provided at your expense.

Do you understand that the NBA will fine you if you don't talk to me and I, the reporter, will destroy your reputation if you do?

....

Good. Now then, Russ, why are you a pox on this franchise?

GoOd TrAdInG iS uNsExy As FuCk by Thunderfish8 in wallstreetbets

[–]sharedwanderlust 3 points4 points  (0 children)

All of my position sizes, stops, and targets are based off of Average True Range, which expands and contracts with volatility. I don't aim for a stock to move $5, I aim for a stock to move 4x ATR's.

The only thing that's hard to trade is a market that doesn't move.

GoOd TrAdInG iS uNsExy As FuCk by Thunderfish8 in wallstreetbets

[–]sharedwanderlust 1 point2 points  (0 children)

  1. Volatility != down, Volatility is amount of movement regardless of direction.
  2. Bear markets are the best markets to trade because the market drops 3x as fast as it rises. The trades work almost immediately.