Options Day & Swing Trader | TA + Macro | Nailed 2023–26 bull market | Fat pitch GRAND SLAMS & real member results | Discord 👇 | NFA 📈
Joined June 2012
- Tweets62.1K
- Following932
- Followers21.2K
- Likes77.2K
TraderMir ✮ retweeted
Happy FOMC day!
Guess which ascending trendline is back in play?
$SPX $SPY
xitter.cf/OptionsMir/status/2115…
Happy FOMC day!
Guess which ascending trendline is back in play?
$SPX $SPY
xitter.cf/OptionsMir/status/2115…
@EdwardDiGi
I’m not sure which part was unclear to you, but there’s another element.
The chart is showing #KOSPI but as you know from the room, what we’re trading isn't all memory.
We're trading correlated areas of the market such as $SOXL and names within the semi subsector
Newer traders often want absolutely no drawdown on their positions (even leveraged ones) so they attempt to use methodologies that catch the absolute bottom or buy the breakout of a range.
The problem with that approach is they end up missing the move or chasing expensive calls.
It's better to build in the consolidation phase where IV is getting crushed- inexpensive options
TraderMir ✮ retweeted
The Decennial Pattern for the stock market went a little bit astray in March with the Iran War, and then overdid the rebound afterward. Now things seem to be back on track. Y axes represent change from the year 00 starting value of 1.0. I've featured this chart in my newsletter.
Congratulations to all the new #KOSPI bulls that were preaching to stay away just last week.
Next task: chasing or explaining to members why all the correlated assets are already well off the lows 🤪
As the saying goes,
“Don’t be a dick for a tick”
Still left the arrow at 5354 so the level is even more visible, but after seeing how sharp that move was, it should be clear why that isn’t where you want to start building a position. Looks cute on a one minute chart but the execution is what pays.
$SOXL $DRAM $SPX
💸💸💸💸💸
$DRAM local bottom given before the move.
50-55 next pivot zone.
tactically speaking what you have to ask yourself here is, "do you feel comfortable initiating a long close to a primary target?"
if so then what size?
$SNDK shows a clear reclaim of a level thought to be a broken support.
Absolutely not calling "the absolute bottom" here with earnings around the corner but this should be a hallmark feature across the AI trade.
Reclaims are bullish in the current regime provided the level holds.
I'll be dropping the first update to the #KOSPI deep dive in 30minutes (Discord Fam).
We rode the full parabolic move this year with the correct thesis in hand + sold the top into June MOPEX. This is the first addition since. Covering the levels that actually mattered and the setup into the next window.
$SMH $EWY $DRAM $SKHY $SPX $QQQ
I kid you not the next four posts on my feed were of the Kardashians.
I just wanted to read some cool finance articles, man 🤣
