4 Hour Bar Chart over past week. Thursday and Friday action does show that top of the range held; however, all of this action is subject to a potential retest because of the Holiday-shortened week and Friday Europe action has to be revalidated. Initially, we could see some additional selling in Asia and Europe. But how we handle the gap will be the issue. . . If the selling gap tomorrow is too large (40+ S&P Points), it's know as a Professional Gap. In this scenario, market keeps selling off.

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You are more than welcome to come on to Twitich channel as I call out trades. And you can see the analysis and methodology work in real time. I am in the process of setting up a trade auditing service to get my trades audited but that will take sometime to put the track record together. I am o record in this forum saying that I have, within the past year, only put it all together after devoting a lot of study and time to trading. And, it has only been because of the pandemic that I have been able to get the screentime to really put it a together.

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50% All the Way, Half Way Back trades at 7131. So, essentially, we filled the gap of the Asian open. There may be another gap for NY tomorrow; but, the big gap fill of the past two weekends is off the table for now. I am short from 3131, the all the way half way from the highs of last week to the lows of last week. We will see if it sticks. Stop at 3138.

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Looks like I missed on the sell off.

funny

Michael can you post data on your performance vs the market over the years? Curious about whether this approach has been fruitful for you

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Nobody can be 100% right in the markets. I don't think anyone predicted the jump up today.

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Which app/website is used to draw this chart?

Tradingview

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I thought based on Thursday you said "shorts are in control" we would see red this week 3070 minimum with potential to retrace if there are buyers but if not then 3000s - has Friday's Asia/Europe session changed this?

All of those things are still in play. It's just that continued weakness before our open intoroduces more potential plays. 3070 is still in play . . . And we should go much lower. But,we have done two weekend in a row where we went lower in Asia on a Sunday only
To rally significantly over the week. If we drop to 3100 prior to our open tomorrow, there is a risk of a big rally before we head Lower. There is, also, the chance,that the market just let's go.

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Hello, I have a question that needs your inputs how to handle. I am working with a post-MBA Associate on a project and this person seems to do extra work beyond what the team is asking the rest of us to do. I think during our conversations with the leadership, there were a couple of points that were brought up by the MD but that was not a concrete directive that we need to do because if it is, I would know about it from the chain email since I am staffed to the project.
(…cont)

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I recently received an offer for 200k€ in Amsterdam. Includes travel, 30% ruling, holiday pay.

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My favorite part of consulting is helping the consultants I manage improve their public speaking by designing talking points, reducing their fear or anxiety around speaking, and improving their executive presence.

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So I am currently a potential candidate as an AAE. I was told that I would in the future have to prepare a mock deck and deal with objections.

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115000 Bonvoy Points vs $500 cash (corporate rate) for 3 night stay. Which is the best value here?

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Looking into credit card, most likely between emirates nbd Bonvoy card or the Emirates offering. Anything better out there? What has been your experience. My understanding is you can convert the emirates points to Bonvoy? Not sure if the same works Bonvoy —> emirates.

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Additional Posts in Option Traders & Investing

I am down $25K on $150K portfolio. Should I cut losses and leave or continue :(

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Now UWM is live and at $10... why does that feel like a steal? Does anyone have a viewpoint on how mergers perform short-term (6 months - 1 year) after launch?

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I’m seeing lots of posts about really bad losses. If you trade you’re going to lose money - hopefully not all the time, but many positions will be mistakes. But you need a process to find ideas and manage positions. Two books you should read are “The New Trading for a Livinng” and “The Laws of Trading.” Both look at psychology, process, and risk in different ways that can help you work out your own process. The next 18 months will be much harder than the last 18 - time to start learning.

likehelpful

EPOR a solid first option trading choice?

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9/8 Thread (General):

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3/29 Thread (General):

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If you’re not buying MGNI, idk what to tell you ... $11->$18.6 in a week and MktCap is still 2.1Bn. P/S is 5, and it has room to grow for a MktCap of 5Bn based on competitors. Just putting that out there

likefunny

Recently bought into IIPR for the long term. Saw the move today to begin federal legalization - will that hurt the company since producers will have access to banks then?

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Put option on Amyris?

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So AMC is def happening this week...

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Short term plays for me. Pick it apart.

IDN - Following Anthony’s advice
MARA - Rallying all week with Bitcoin
TLRY - Still rallying from upbeat sentiment
PLTR - IBM news will weigh in fully by EOW
RDFN - Earnings
CHGG - Earnings
EXPE - Earnings

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Thoughts on SNAP puts ? I feel like Snapchat is the least utilized social media platform behind IG, tik Tok and Facebook. Yet it’s basically at a 52 week high

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