Equity Trader - Nothing I post should be considered financial advice
Carlsbad, CA
Joined December 2013
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Here are two videos that I recorded a few months ago that cover how I use DP @epictrades1 to put together my trading plan and how I went from a scalper to more. I will put follow up video on the comments.
craigmiera.wistia.com/medias…
Owned these at 52, sold them at 63ish. They are trading 220 last time I looked. I let the noise scare me out of these.
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Long $USO June monthly 110 puts. Will average into these if oil keeps going higher.
I’ve been journaling every trade for the past couple weeks and feeding the data into AI to break down my performance. One stat hit me hard: I’d be 57% more profitable if I simply avoided trading mid-day. When I projected that onto my monthly P&L I may have thrown up a little
It’s been a while since I’ve been really excited about a setup. But if we can break through today’s lows on the Qs tomorrow, I think we could see a huge wave of selling. No position yet, but SPX puts will be my weapon of choice if it triggers.
Just has my biggest month of the year. Coincidentally it happened after picking up an old favorite that helped me see the market in a new light. I’m not insinuating a book will make you successful but for me re reading this helped remind me where my edge lies.
I have covered about 80% of my $RGTI short. @epictrades1 absolutely crushed this one in an environment where shorts have been cleaned up.
Been a while since I've been licking my chops for a short setup that rivals $SMCI and $MSTR. Started some $RGTI short towards the close and will look to add when it triggers as shown below.
Would love to see some panic to buy but I don’t think we are will get that lucky
Government Shutdown Facts The Media Won't Cover:
1. The average length of a shutdown is only ~8 days
2. The S&P 500 has ended higher one year after a shutdown in 86% of cases
3. The S&P 500 posts an average gain of +13% one year after the shutdown ends
4. During the 35 day shutdown in 2018, the S&P 500 rallied +11%
5. While the government is shut down, the US defers ~$400M/day in costs
6. The Fed generally turns more dovish if government data releases are paused
Historically, the market actually WELCOMES shutdowns.
MGT the new Pelosi?
Marjorie Taylor Greene Hits Homerun Again, Buys Alphabet Stock 5 Days Before Favorable Antitrust Ruling: Here Are Some Other New Trades.
benzinga.com/markets/equitie…
I think ol Warren just described very well how sizing up on your best ideas is the only way to truly make money.
Great post ⬇️. I was pretty loud for weeks that buying the strongest names into momentum was the easiest money which is not how I typically trade. But I adjusted so I could participate. The thread below provided the evidence that the market now has shifted so chasing higher no longer makes sense to me. I am still a buyer but back to waiting for my levels.
Signs The Market May Be Entering a Risk-Off Phase, Consolidation, or Losing Momentum:
1) Leadership Breakdown & Weakening Participation
Leading sectors start to break down, and the top-performing stocks that were driving the rally begin showing relative weakness.
2) Failed breakouts
High-quality setups are no longer following through, often reversing quickly after breaking out.
3) Stalling at Key Levels
The market struggles at resistance or key moving averages and begins to roll over from those areas.
4) Heavy Volume Selling
Sharp down days accompanied by high volume suggest institutional distribution and caution.
5) Watchlist Deterioration
Fewer actionable setups. Many names lose structure or momentum and have to be removed from the watchlist.
This market has forced me to evolve my style of intraday trading. I almost never chase strength day to day but that has been without a doubt where the easier money has been intraday for months. I’ve had to literally force myself to be open minded to change how I typically look for set ups and execute trades. Yesterday it was chasing TSLA up 10 to make another 10. Today it was PLTR. I know this market will not last forever but for now buying strength has been the path of least resistance. I look forward to the day when we go back to getting excited when our favorite names pull into levels we love. Hopefully soon!