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I share because collaboration is key to becoming proficient at anything. Remember this extension that I traded must have had some buying pressure to push it higher like it did, and I'm assuming not all those buyers were Elliott wave fanatics, so these cycles are a natural characteristic of...

I hate to split hairs, but technically politics facilitates what the chart is forecasting, as the chart can only reflect patterns that form in the ebb and flow of real world cycles...ie the large c&h for spy, of which, rate hikes and the subsequent pivot point facilitated its formation and...

I have come to rely on brokers to supply as little useful information as possible in the most cumbersome way possible. Like on the options chain, you might be given the expected move for the expiry date if you're lucky, but that's about it. They don't actually utilize the data. At best it can...

Selling premium is their wheelhouse. Although there was a topic posted about them regarding risk. https://www.elitetrader.com/et/threads/tastytrade-has-set-my-account-to-closing-only.379000/

My thought process yesterday was I could take .21, ...but I think .75 was within the expected move...so I took a nap. When I woke up it was .31 so I figured I could be risking all of it if it retraces Friday, and the TA kinda confirmed it so I sold. I ended up having to call it in cause it was...

Well that's the way the broker sees it because they are requiring full margin...the position is undefined risk if you want to split hairs. :)

Your actual loss is unlimited because if price expires @564.50 you will get assigned 100 spy shares at 565, and your long 564 put will expire worthless, so you are fully exposed until you can sell the shares to cover your margin call when the market opens Monday.

Yes I fixed that thx. You can always just use a pnl chart like on https://optioncreator.com/ Yes you will get assigned shares and put in a margin call if you don't have the funds. You also have the risk of early assignment. Some brokers will close any positions in the money at exp that don't...

568-565=3x100 = $300 - $15= $285

That's wxyguy!

That's one more than you and anyway I've posted multiple trades on here. Unfortunately, if a chart consists of anything more than a couple horizontal lines you guys don't understand it.... Let me guess you trade using the 16th candle rule LOL. :)

Live trade posted here. :) https://www.elitetrader.com/et/threads/bitcoin-price-thread-2-0.381192/ You would have been stopped out long before collecting profits LOL.

2 words for you. Elliott Wave.

Mid May 2024 @maxinger @schizo Gold and bitcoin should not even be compared at this point...bitcoin is in a whole other class of its own. It reminds me, when there was a 4x4 contest between various truck brands, and on site they had a Hummer to pull out anybody who got stuck in the mud lol...

This is a BITO SEP20 19/20 vertical spread. Closing price yesterday: 19.17 (btw a pure doji yesterday as the open was also 19.17) Shows pnl with theoretical prices. Tracks price and break evens. I opened the position on SEP13, and you can see I held it through the dip on SEP18.

Channels don't exist :)

Are you guys going to actually show the trades without all the gibberish so we can backward engineer them?

No because the original Bitcoin thread is crap...nobody has a clue how to forecast price. :)

Did you?

Lol I'm the one driving the (2008) Lambo! What issues?? It was just a question about locked down shares. :)