Stocks/Investing

Dukestaco

Stirring the pot 24/7
Joined
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Tucson
I just turned my phone on and saw GME. $144 what the fuck. Saw that you guys made some money good to go. Is this thing going to stay volatile?
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
Joined
Oct 3, 2018
Messages
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Location
Bishop, CA
@Mike_taco4x4 @Dukestaco @ whoeverthefuckelselikesfreemoney

I think GME still has upside but it's gonna be volatile as fuck. Unless you can chart trade I wouldn't recommend throwing money at it that you can't loose.

If your the gambling sort start doing your home work on VWAP, MACD, RCI and Bollinger Bands. I was able to call today's take-off and plummet back to earth within minutes of them happening. I cashed out 6 of 10 options within $2 of the top. In hindsight I should have cashed out all 10 but I really thought there would be another rally.

Friday will be the most volatile day this week. It's when options expire and it will probably create another gamma squeeze if it breaks $100 by then.

Here's how I set up my chart. VWAP is the yellow line in the main chart. Blue line is the 200MA. Red line is the 50MA.The Bollinger Bands are the shaded area with an upper, middle, and lower band.

Below the main chart is the RSI then MACD below that. I left this screen shot full size so if you blow it up you should be able to see all the detail. If that shit makes sense to you go kill GME. If it doesn't learn some of it tonight so you don't get killed by GME.


jSYc6dK.png
 

Dukestaco

Stirring the pot 24/7
Joined
Oct 3, 2018
Messages
7,482
Location
Tucson
I
@Mike_taco4x4 @Dukestaco @ whoeverthefuckelselikesfreemoney

I think GME still has upside but it's gonna be volatile as fuck. Unless you can chart trade I wouldn't recommend throwing money at it that you can't loose.

If your the gambling sort start doing your home work on VWAP, MACD, RCI and Bollinger Bands. I was able to call today's take-off and plummet back to earth within minutes of them happening. I cashed out 6 of 10 options within $2 of the top. In hindsight I should have cashed out all 10 but I really thought there would be another rally.

Friday will be the most volatile day this week. It's when options expire and it will probably create another gamma squeeze if it breaks $100 by then.

Here's how I set up my chart. VWAP is the yellow line in the main chart. Blue line is the 200MA. Red line is the 50MA.The Bollinger Bands are the shaded area with an upper, middle, and lower band.

Below the main chart is the RSI then MACD below that. I left this screen shot full size so if you blow it up you should be able to see all the detail. If that shit makes sense to you go kill GME. If it doesn't learn some of it tonight so you don't get killed by GME.


jSYc6dK.png
I use the first three. I’ll see what I can do tomorrow. Are you trading the stock or options puts/calls?
 

Dukestaco

Stirring the pot 24/7
Joined
Oct 3, 2018
Messages
7,482
Location
Tucson
Options. More leverage that way. Also way riskier if shit goes south.
I wish I could stand over your shoulder and watch you do your thing for a day. I just do the day trades with the charts. I do ok but could do better with the calls.
 

theesotericone

Build It Beat It Break It. Repeat
Fredo Baggins
Joined
Oct 3, 2018
Messages
3,494
Location
Bishop, CA
I wish I could stand over your shoulder and watch you do your thing for a day. I just do the day trades with the charts. I do ok but could do better with the calls.

It's the same exact thing as stocks. If you know when to enter a stock day/swing trade you can do the same for options. Click the buy price for the strike you want the call to execute at and confirm the trade.

AMC is gonna go on a mini tear. They are way cheaper to play options on then GME right now. I'd start there.
 
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