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Here we go again schooling people. Support and resistance levels don't exist.

We were coming off a hot market before the rate hikes...?

Isn't that what I just said? The market's going to heat up.

Or you could just do it for free in Google sheets.

A (2008) Lambo :)

Lol like we couldn't guess the other 9

GME exists ONLY because it became a MEME stock...that's its purpose now, not as a company. Clearly Cohen doesn't understand the assignment after insulting the meme community with that arrogant earnings call, and releasing yet another share offering. They should have put RK on the board, bought...

Why would you need an edge? Trading is the easiest occupation in the world. It literally requires no education or skill to make money. :)

Chat gpt is awesome. I use it for formulas in google sheets all the time.

Well the chart is just a visual of world events. Typically whatever the catalyst was to send the market into a decline will rectify itself in a C&H pattern.

So you are holding through multiple earnings? If my TA is correct, we are going to need a series of earnings misses to facilitate the drop to Y. Let's see if I can go 2 for 2 after forecasting home depots miss. :) I will say that is one extended 3 wave spanning 7 years! Target $120??? How long...

I thought this was totally delusional out of nowhere.. but then I saw price was moving again. My 25 call might get hit! Next stop 64k? Lol

Yes! I must have been looking at the bid not the ask, because closing the position resulted in a higher PnL than intrinsic value @ expiry...when it should be less because I am paying for the remaining extrinsic value.

So I should stop selling calls against it then? Lol

Well I played that perfectly. I was expecting price to bounce yesterday so I bought some calls and closed for a profit. I then waited for price to come back down to close my short calls for a profit...both trades combined pnl = $950. That would not have been attainable had I just held the short...

Yes if you close @ expiry or let your shares get called away...but I am talking about closing prior to expiry.

No, Premium received selling the short call: $1035 Cost to close the short call: $735 Net: $300 Plus the increase in stock price from 16.90-16.99=.09*1500=$135 Total: $435 So you pnl $435 only if you close the position and keep the shares, not if you let it expire itm...

and yet I'm the one driving a (2008) Lambo. :)

So in other words you can't explain it...I think we need P for this one. :)