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  1. W

    Another "Price TA" play... (TA haters ain't gonna like this one)

    So I've been blocked because I'm going to critique your shoddy TA?
  2. W

    Spreads versus Butterfly

    That was an easy $380! I knew price was going to retrace back up to the top of the triangle, so wanted to make some money with AUG30 17.50 CALLS. I still have my short AUG30 18 CALLS open letting the theta kick in. I probably left $200 on the table because I wasn't watching it. I don't use the...
  3. W

    Formula to calculate cost of closing a call?

    https://myassignmenthelp.com/blog/two-plus-two-equals-five/
  4. W

    Formula to calculate cost of closing a call?

    lol what? I am just referring to how the math doesn't make sense or does it?
  5. W

    Formula to calculate cost of closing a call?

    If you close a short call to keep your shares upside potential, the true cost of keeping your shares is the pnl of the short call? So if I sold a short call @ .69 and closing it @ 1.54 = -0.85 * 1500 = -$1278 I can't get to that number if I work through it. Premium received $1,035.00...
  6. W

    Cabin's journal of buys, sells, and covered calls...

    Well yeah because only a small percentage can actually afford to get coverage in the US... I'm sure Canada's waiting list would be shorter too if we cut 80% of our citizens from eligibility. :)
  7. W

    what are the signs of reversal vs pullback?

    The probabilities are already built into the Fibonacci sequence.
  8. W

    what are the signs of reversal vs pullback?

    Just use chat gpt.
  9. W

    what are the signs of reversal vs pullback?

    Of course it is. You either put your money on that assumption or not. If enough of your assumptions are correct, they will become predictions. :)
  10. W

    what are the signs of reversal vs pullback?

    If you can't predict the future then why are you trading? I couldn't imagine placing a trade with no directional bias. The whole point of this game is to know where price is going before everybody else knows where price is going.... Not reduce losses willy-nilly with tight stops because you have...
  11. W

    what are the signs of reversal vs pullback?

    The thing everybody in this topic is missing is that you need to know if it's going to be a pullback or reversal before it's confirmed otherwise you've missed the trade. If you have just confirmed that it's a pullback what's the confirmation? When it recovers? LOL? Great! You can chart it and...
  12. W

    The market is SO WRONG at this point

    The point is it doesn't matter what it does. The time to buy is at the next capitulation.
  13. W

    The market is SO WRONG at this point

    This post has aged well. You all thought the market was acting irrationally, and we were due for a massive capitulation. I told you all that we are doing exactly as expected, and the TA says this could run to $620's. If you go back in history and compare rallies to corrections we have had a...
  14. W

    The wheel strategy they teach you is backwards.

    You should spend more time learning from what I post instead of trying to come up with zingers. :)
  15. W

    Cabin's journal of buys, sells, and covered calls...

    It still bewilders how the US does not have universal healthcare for all its citizens. In Canada we pay (last time I checked) about $36/month for medical. AND this is only if you are in a certain tax bracket otherwise its totally free. This covers EVERYTHING. I don't even know if I've paid it in...
  16. W

    The wheel strategy they teach you is backwards.

    I only trade MARA and GME right now.
  17. W

    what are the signs of reversal vs pullback?

    Why does everybody keep suggesting stage analysis when it is just a dumbed down version of EW? If you combine stage analysis, the Wyckoff method, and cyphers you end up with a crude form of EW. You know it's a reversal and not a pullback via the fib levels. A stock will statistically not pull...
  18. W

    Just a note about my thread on options...

    That's a VB setting to stop old threads getting bumped to the top.
  19. W

    Spreads versus Butterfly

    OK well yesterday expecting this to triangle, I sold an AUG30 18 call @.95 so I am up $706.22. I was busy binge posting so I forgot that maybe I should have taken my profits...but I kind of want MAX profits. THIS is why I prefer selling options. If price retraces back up to 18.30 level I'm still...
  20. W

    Is this arbitrage?

    How is buying a put arbitrage?
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