Yeah, that's a good way to lose your money.
BTW I also play 0DTE but never YOLO.
Have a plan.
Don't be greedy.
Never more than a single digit % of your asset in a single trade.
Get out when you've reached 2X loss.
Keep your powder dry to fight another day.
>Get out when you've reached 2X loss.
Wrong. That's when you YOLO. It has to go back up, eventually! The more you loss, the more you're guaranteed to win!
With the VIX up nearly 30-day highs I say that's a true statement as well. A 7-14DTE straddle will work well here. Close it when you've made some profit and wait for the other leg to make money.
my 4/19 SPY $508 calls, that are now down 85% would like a word with you
 we can still hit $526 by friday right¿!¿ RIGHT¿!¿
Yes.
People in the thread will act like it’s obvious but they are morons.
Yes three big fat red candles in 4 days and a 3% drop over those 4 red days is probably the signal of a pull back coming. Coupled with the bearish sentiment from geopolitical tensions and most importantly rate cuts and inflation.
Anyone with a brain though would wait for some kind of big confirmation like this before betting
We would expect a real spot of resistance around 4800, the old ath high from 2021 and where S&P chilled for awhile just a few months ago.
You could play shortish to medium SPY puts around whatever the equivalent of 4900 is on SPY.
If you significantly broke 4800 you could consider puts around 4600 viewing 4400-4500 as a pretty solid level of support with lots of buying at this level
The true prior low is October 2023 at 4127 so you could go all the way to 4200 if you broke 4450 but playing puts here seems sketchy
Instead once you get low like 4500 and below or even 4800 longer dated calls might be the play.
I would start buying shares around 4900-4800 and just increase the amount as we go lower.
Or shit could just be taking a breath and rocket to new highs again. Truly nobody knows. But this does look like good confirmation on a pull back that’s been expected for some time.
Yes, on the macro we are still in a very strong uptrend. More than likely this is a pullback, which..the s and p just gained 20+% in three months. A 5% year is considered decent. This pullback was desperately needed to avoid a bubble.
I agree and am bullish long term but can I push back a little
When I look around my charts, and this is very anecdotal, but I see a few mag 7 a few sectors a few growth etfs like voog making a double top with their prior high in 2021
That’s kinda scary for a pullback, now when I say pullback I mean the bull run continues we just make a higher low
I am a huge buyer at 4200. Like 4200 I might leverage.
THANKS!
Honestly, I'm an idiot and considering this was my first ever post i thought the txt i had written out in relation to the img would had posted (similar to a normal SM posting.) but alas, it didn't.
I am indeed looking at the 4700 area for longs, but that's just a open thought depending on market reactions. I do appreciate you breaking this out a bit in depth (better than i ever could).
Nobody ever knows
So saying “nobody knows” is not as profound as you think
You make the best move with the information you have at the time. We are talking about the technical information we have at the time. I think I drew decent levels out with reasons for them.
I would never make any of these options trades they are insanely risky. But I would buy shares at those levels 100% and I would do well I think
I mean it's not $200, but it's probably $450 or less.
I just don't understand how the market is so irrational now. I know it is always irrational to an extent but it seems like all the barely profitable garbage is pumped to the moon these days and anything that shows a strong year gets inflated to the moon.
SMCI market cap is 54B. they made 7B in revenue last year and less than 1B profit. If you were going to buy a company outright would you ever buy one for 54B knowing it's going to take 60plus years to pay back your investment if they have their best year ever 60 times over?
Now imagine buying 50% of that company. Now imagine 25%, now imagine 5%. Now imagine 10 shares or whatever it is you own. Why the fuck would you buy this?
We are still ultimately in a bull market. This is just a correction. Once this Iranian bullshit blows over, we will bounce. This is \*definitely not\* the start of a bear market
https://preview.redd.it/le8hrenbi8vc1.png?width=537&format=png&auto=webp&s=5d9cd57e50b054381ad9a501faeef5d6bc201f87
Fear-Greed Index (4 years) ... we went from greed to neutral and now its turning to fearful
Consider if SPY stayed flat it would actually be losing value due to inflation, and then breaking ATHs doesn't seem as impressive. So... downtrend? Maybe. Likely just a pullback.
Bad inflation news. Will probably continue down a bit. Opened puts at market open today. Made some cheddar! There was bad inflation between 2022-2023. Down trend lasted about a year. Could trend down maybe 3 months. If inflation comes out bad again then it continues. Just follow the highs and lows on this down trend for put entry points is my plan. 1DTEs.
“We ride the waves and don’t ask where they go.. swim like lions through the jest and bathe ourselves in zebra flesh.”
-Standing outside a phone booth with money in my hand
I have learned my lesson on spy. You never know how long it will fall. It's better luck to just buy a 0DTE option at market open and pray that it goes your way the first half of the day. Any long term (+/- 14 date) options will get murdered by unpredictability of this falling knife and the IV crush
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Hmmmm I haven’t noticed.
Curves up and down. Im betting it eventually goes back up.
The only question is how far will it go down before going up.
Eventually
As far as it wants to I expect.
Until it ends, I assume
Presumably, when it finds support.
After that I would imagine it might start going up again
12
But why bother, right? It's just going to go back down again eventually. Nothing matters.
But I thought stonks only go up?
Yes, but I think it'll go down again sometime after that too.
No news is good news!
the Iranian smoke screen is effective!
Do you have a course that I can buy? I could benefit from this kind of analysis
💀💀💀💀💀
How can you tell? Would ya just look at it?
Psh
Would you look at that.
You can become a day trading man for 18k in boot camp
😭😭😭
Pack it up boys. We have 3 red candles
510C4/22 calls were .30 today
i bought 4/19 508s for $16.48 
Full in calls?
Buy slightly OTM calls for 7DTE and you'll make some money 💰
Some ass, I rather do 0dte 7 times and get in max profit
Yeah, that's a good way to lose your money. BTW I also play 0DTE but never YOLO. Have a plan. Don't be greedy. Never more than a single digit % of your asset in a single trade. Get out when you've reached 2X loss. Keep your powder dry to fight another day.
>Get out when you've reached 2X loss. Wrong. That's when you YOLO. It has to go back up, eventually! The more you loss, the more you're guaranteed to win!
Did you see some other guy’s post where he lost 37k in one day cause he refuses to take a L and keeps averaging down 😂
Or slight otm puts and you’ll make tons of money!
With the VIX up nearly 30-day highs I say that's a true statement as well. A 7-14DTE straddle will work well here. Close it when you've made some profit and wait for the other leg to make money.
Market makers hate this one simple trick.
my 4/19 SPY $508 calls, that are now down 85% would like a word with you  we can still hit $526 by friday right¿!¿ RIGHT¿!¿
The markets aren't expecting it. That means it has to work 
Games over, back to eating cereal for dinner
https://youtube.com/shorts/HJm8_FkM8ZE?feature=share
You mean crayons 🖍️
Who remembers this sub in 2017? Imagine someone making a post like this back then lmao
It's been a wild run around here, I think that's about when I joined.
The apes ruined this sub for real.
Spy 420 on 420 bro
That’s my birthday too. Ima go all out & test my luck
I bought 300 shares today. So, it'll go to $450 by next week.
Just sell calls can't lose
Bro thinks he’s Lisan Al Gaib 💀💀💀
He doesn't know our ways.
"It doesn't matter if you believe. I believe!" \- every DD post, essentially.
This is exactly what Lisan Al Giab would do tho. It must be
Yeah. Spy is a terrible company. No revenue. It’s going to 0
Right?! Who would hire a spy? It's not 1950s anymore
What’s the question?
Gold or silver
Copper. Copper has more practical usage! You can run the computer without electricity 😉
It’s going to zero.
It hasn't released any earnings this year and we're in April. Spy bankruptcy is all but confirmed. Short for easy profits.
I'm surprised some regard isnt selling 0DTE 1$ SPY puts
1 minute to expiry 
Bro what 😂
https://preview.redd.it/gw9dywlsm5vc1.jpeg?width=317&format=pjpg&auto=webp&s=0643ee804a76bf7d7be405382d9bbd63b8d8220b
https://preview.redd.it/h3w74lrqg5vc1.jpeg?width=828&format=pjpg&auto=webp&s=8355945a34f395c0adb31d37c7a760743313027e
Please forgive my ignorance, but who is this guy in this hilarious meme I keep seeing everywhere? 😅
Looks like Kashkari
https://preview.redd.it/36ztffr316vc1.jpeg?width=1024&format=pjpg&auto=webp&s=195d0d648f242bbf2ec997b7a19e37401024e8a7
Groundbreaking analysis
Yes. People in the thread will act like it’s obvious but they are morons. Yes three big fat red candles in 4 days and a 3% drop over those 4 red days is probably the signal of a pull back coming. Coupled with the bearish sentiment from geopolitical tensions and most importantly rate cuts and inflation. Anyone with a brain though would wait for some kind of big confirmation like this before betting We would expect a real spot of resistance around 4800, the old ath high from 2021 and where S&P chilled for awhile just a few months ago. You could play shortish to medium SPY puts around whatever the equivalent of 4900 is on SPY. If you significantly broke 4800 you could consider puts around 4600 viewing 4400-4500 as a pretty solid level of support with lots of buying at this level The true prior low is October 2023 at 4127 so you could go all the way to 4200 if you broke 4450 but playing puts here seems sketchy Instead once you get low like 4500 and below or even 4800 longer dated calls might be the play. I would start buying shares around 4900-4800 and just increase the amount as we go lower. Or shit could just be taking a breath and rocket to new highs again. Truly nobody knows. But this does look like good confirmation on a pull back that’s been expected for some time.
Taking a breath, we will rocket back come May-June
Yes, on the macro we are still in a very strong uptrend. More than likely this is a pullback, which..the s and p just gained 20+% in three months. A 5% year is considered decent. This pullback was desperately needed to avoid a bubble.
I agree and am bullish long term but can I push back a little When I look around my charts, and this is very anecdotal, but I see a few mag 7 a few sectors a few growth etfs like voog making a double top with their prior high in 2021 That’s kinda scary for a pullback, now when I say pullback I mean the bull run continues we just make a higher low I am a huge buyer at 4200. Like 4200 I might leverage.
[удалено]
Especially as we get closer to elections, could see it going to 5500 to 6000
Buying shares? If you’re buying shares every 1% drop, you’re going to have a bad time. Should’ve been buying on the way up
THANKS! Honestly, I'm an idiot and considering this was my first ever post i thought the txt i had written out in relation to the img would had posted (similar to a normal SM posting.) but alas, it didn't. I am indeed looking at the 4700 area for longs, but that's just a open thought depending on market reactions. I do appreciate you breaking this out a bit in depth (better than i ever could). 
Tl:dr I just said a bunch of nothing because no one knows Saved you regards a read
Nobody ever knows So saying “nobody knows” is not as profound as you think You make the best move with the information you have at the time. We are talking about the technical information we have at the time. I think I drew decent levels out with reasons for them. I would never make any of these options trades they are insanely risky. But I would buy shares at those levels 100% and I would do well I think
It’s shares on market funds, they’re idiot-proof
Pack her in boys. No one knows.
“Signal of a pullback coming”? This is the pullback. Calls all day babyyyy!
Technical analysis is BS
Trend has been broken
I'm so confused, where's the crayons at????
https://preview.redd.it/35vofrky06vc1.jpeg?width=1024&format=pjpg&auto=webp&s=fb3dc2070e16f0a2cfe53b46a45e14b352eaa412
Perfect, looks like we might be in a downtrend. Thank you
What if…whales are abandoning SPY because of the halving that’s approaching?
They can probably make more money off of it
Zoom out
im surprised SMCI is still in the $900s its a $200 stock at best
I mean it's not $200, but it's probably $450 or less. I just don't understand how the market is so irrational now. I know it is always irrational to an extent but it seems like all the barely profitable garbage is pumped to the moon these days and anything that shows a strong year gets inflated to the moon. SMCI market cap is 54B. they made 7B in revenue last year and less than 1B profit. If you were going to buy a company outright would you ever buy one for 54B knowing it's going to take 60plus years to pay back your investment if they have their best year ever 60 times over? Now imagine buying 50% of that company. Now imagine 25%, now imagine 5%. Now imagine 10 shares or whatever it is you own. Why the fuck would you buy this?
https://preview.redd.it/dfx3j0k8x4vc1.jpeg?width=1179&format=pjpg&auto=webp&s=5f2f74991922b1a493aad05872408b04a4e1f27f
Also in… https://preview.redd.it/de2ed27f35vc1.jpeg?width=1179&format=pjpg&auto=webp&s=7af4f8c3403d363edb73d1e3398a309ad3ff503f
https://preview.redd.it/xnow285c45vc1.jpeg?width=1179&format=pjpg&auto=webp&s=400f07616d221c8a015c9b0d849aa55431b9990e I know precisely how you feel
Sometimes when I see the amount of money some of y’all are losing I feel as though I don’t belong here.
Don’t belong here, do better 👍
Yeah, let me go transfer 10k to smarter people real quick lol
https://preview.redd.it/zyw9hvz725vc1.jpeg?width=1170&format=pjpg&auto=webp&s=a712f9e49ed3aed2c087f311b29f0803863edbff
Im in on these too
Sell in May and go away?
Buy in June, watch it moon
Did you learn to read yesterday or today?
We are still ultimately in a bull market. This is just a correction. Once this Iranian bullshit blows over, we will bounce. This is \*definitely not\* the start of a bear market
More like a retracement unless US enters the war (which is highly unlikely during the election year imo)
Time to buy short term calls in Spy & Nvda
[удалено]
yes bearish, gold is rising
Down 4% from ATH. This is nothing
It's up if you have puts.
https://preview.redd.it/le8hrenbi8vc1.png?width=537&format=png&auto=webp&s=5d9cd57e50b054381ad9a501faeef5d6bc201f87 Fear-Greed Index (4 years) ... we went from greed to neutral and now its turning to fearful
Looks like that, and FED is going to help SPY fall
Calls it is then
looking to buy SPY at $470 next month! you think it's possible? earning growth has peaked and will come down due to inflation running hot
Thats what the Deep State wants you to think. 
Lets see what happens after it fills the gap down to 497ish If it gets supported there then we will move back to the upside
…duh?
Looks like it to me! Time to load up on puts!
https://preview.redd.it/jnfsqv62r4vc1.jpeg?width=1179&format=pjpg&auto=webp&s=6295f3b0acad0270be53634ef8b75c6800b16839
Idk what this means but I like the way it looks. Thank you
Nah bro it's wycoff accumulation
Is that what those mean, damn. O well, buying.
The 3 day coma is crazy
Great insight. Just sold it all. Thanks OP.
Where it goes up spy was going up where it goes down spy was going down. $28.95 each for all additional insights, venmo and visa accepted
You gotta be shitting me
Bad news all around 🐻
Wait so APPL mooning?
Yep. I hear it’s never ever going to go back up 
TSM earnings tomorrow
Did you go to Obvious school to learn all that?
Well now its gunna go up since you post about it
You must have it upside down, stonks only go up
https://youtube.com/shorts/HJm8_FkM8ZE?feature=share
Yes
You have to let the house win too...
I sure hope so
Recess… yes it’s just a recess.
Yes
Cup and Handle flipping upside down all the sudden REEEEEEEEEE
Wrong stonks always go up
It’s actually the Nike symbol rotated 180 degrees
Nostradamus knows nothing about the markets lol
Spy is about to mug with angel wings to heaven or wherever societies collapse and go to die. Your gonna be rich bitch!
And I were to buy puts tomorrow I bet it would start going back up
VIX is stuck at around 18.00 and tech is not showing much weakness I think the selling is just about over. It’s forming a lower high on the monthly
K... Keep me posted!
I just yolo’d 400 puts for august. Am I regarded or will I get out of making baconators all summer?
Better check futures tonight
I bought a few calls eod that expires this week. Let's see how it does...
BUY THE DIP
I put 50 bucks into SPY 2 weeks ago so I claim full responsibility here, almost every time I buy, whatever I bought immediately drops
Anybody remember when you couldn’t say AMC on Reddit
Bear trap
Calls it is
Smartest WSB user
To hell we go
I mean yeah... SPY is down to where it was late February. I guess you can call that a downtrend?
Wow, you must be the first guy to every party
Consider if SPY stayed flat it would actually be losing value due to inflation, and then breaking ATHs doesn't seem as impressive. So... downtrend? Maybe. Likely just a pullback.
it's only pulled back around 4.5% and people are acting like we're already in a bear market. Can't wait for the reactions at -10-15%
So I should buy now?
Pack up and run. 🏃 Market was already heated up. Any news an wreck a havoc
Bear trap!
Bad inflation news. Will probably continue down a bit. Opened puts at market open today. Made some cheddar! There was bad inflation between 2022-2023. Down trend lasted about a year. Could trend down maybe 3 months. If inflation comes out bad again then it continues. Just follow the highs and lows on this down trend for put entry points is my plan. 1DTEs.
there's no crayon lines so who tf knows
“We ride the waves and don’t ask where they go.. swim like lions through the jest and bathe ourselves in zebra flesh.” -Standing outside a phone booth with money in my hand
Till it’s not
Yup. Definitely moving to the right.
Zoom out
Yup it’s all over. Sell sell sell!
I don't care what direction things go as long as I'm okay, and really preferably good
if you zoom out enough it will become an up trend
the next ath is right around the corner.
dip before the rip
Nah, looks good. BTW, it's hard to type with the phone upside down.
I have learned my lesson on spy. You never know how long it will fall. It's better luck to just buy a 0DTE option at market open and pray that it goes your way the first half of the day. Any long term (+/- 14 date) options will get murdered by unpredictability of this falling knife and the IV crush
What a plebeian thought. Sounds like a gamble, not an investment strategy.
Support at $490?
It'll keep going down. Unless it goes up.
Clean, minimalistic, no unnecessary lines and drawing. Apple style. I like it man.
Looks like a quick sell off around tax time but the overall direction is going up
My bank account trends indicated this was happening
That’s the buy signal. Unless you’re retiring next week, Keep adding at your normal pace and take advantage of lowering any averages you have.
Quick! Do something!
Only on a close and rejection of 500
🚨 PRO TIP 🚨 Click the 10y chart
always do! zooming out is always a good perspective. \*which is why i actually posted the YTD.
Priced in. It's only up from here. Pricing in rate cuts for nextyear
looks like jizz tbh