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Support & resistance doesn't exist. You might as well just put unicorns up as your second choice.

You guys are looking at the market all wrong. It is not just random prices bouncing off resistance and support levels at the whim of news. It moves in measurable cycles.

I look at EW as the foundation for all TA to build from. It's like the Brazilian jiu-jitsu of MA. It is essential you have an understanding of it to be successful.

Let's see it in action. :)

Did Gerald Appel? He created the MACD...probably both of them make more money selling books on the subject. These are tools not holy grails. https://en.wikipedia.org/wiki/Ralph_Nelson_Elliott https://www.elitetrader.com/et/threads/did-ralph-elliot-die-broke.287263/

So would I. :) I mostly don't use stops because they don't work after hours, so if things go bad you are probably going to get gapped down anyway. I will use stops if trading crypto as that is 24/7, but only if I am super leveraged and don't want to risk liquidation...but even then I am usually...

Admin could we get our own category please? Then we could just put the symbol in the title. It would make it easier for interested members to look up what they are trading to compare notes.

Opps feb16 CLSK stock closed @ 17.86. Yes I just add up all the premium + the realized stock pnl to get my cost basis. Ok lets do it.

I was collecting premium from selling puts for 4 weeks prior to getting assigned...plus all the premium from previous trades dating back to feb 6. :) I have collected x amount of premium on CLSK + any stock pnl.

Premiums.

Ignore the news as it has no affect. The market is going up due to TA.

Look at the video I posted if you want to learn about degrees and subdivisions...I was keeping it simple.

Premium lol. I have 300 shares at 17.75.

ha ha you didn't read the last sentence. :) btw still in that trade with a 17.75 cost basis and an APR12 19 call. :) I got assigned at 23.50 lol.

TD and IBKR

That's all you can ever say about any kind of trade lol. The difference is with EW you can say: it is statistically likely to go up more than it is to go down, so can warrant an entry and take profits at the 1.618. It will definitely pull back, and when it does it can be measured for a single or...

Selling puts is the best way to accumulate stocks at a discount. So yes, bullish on the upcoming trend, bearish on the current trend. Otherwise how would you ever get assigned? if you are bullish on the stock right now, why not just buy it? You guys seriously need to rethink your whole belief...

Come on you guys. Re-read my post and apply a strategy. Everything you need is right there even if its on the daily.

Just look at the chart I posted and you tell me. All the information you need is right there in front of you. You basically just have to connect the dots.

Thats a mechanical trade that you keep referencing not based on TA. I bet you want me to spoon feed you. I already gave you all a freebie where if you risked only 10k you would have profited $162k in less than 3 months. But instead of listening you all just mocked me. :)