Facebook ($FB)
- Thread starter Lloyd W. Coutee
- Start date
went short 106.55 AH
i'm going to sell it in the morning for a quick profit
i'm going to sell it in the morning for a quick profit
And FB shoots off to the moon - who da thunk it
AH..., post earnings -> reached a hi of 107 and change..., currently resting at 105 and change (I'll post a chart at this at the end)
===============================
Think I've run my course with this thread
First some acknowledgements
To those who posted buy.., buy..., buy - for whatever reason..., or no reason at all - congrats
To MarcoPolo - you're a trader - I expect nothing less
==================
I've been posting charts here for most of January..., my goals
Show PA could be read..., that accurate context could be created
I think I've proved it can..., and I think I've done it long enough..., and with enough accuracy and consistency - that anyone would be hard pressed to call it luck
Aside
The more accurate you can read price - the more accurate you can create context
The more accurate you can create context - the more accurately you can gauge / measure current PA
Forecasting is for pundits...,idiots..., and not what TA was ever meant for
Oh..., and btw - Price can be read on any TF - as clearly..., and and accurately..., as I have been doing here on the 240
============
Patience..., Neutral-ness..., Risk management
All vital to consistency and longevity in this business
Think I demonstrated these
======================
TA - my definition: anything found on..., derived off- a chart
PA - a subset of TA
I think I've proven PA / TA works - beyond luck..., beyond any doubt..., beyond question
==================
So - should you be an aspiring trader and happen upon this thread - take heart
It can be done - all of it - every damn bit - so luck..., happenstance..., the not knowing..., no longer factor in
btw - not knowing is a damn sight different than uncertainty - uncertainty is our one fact of life (get comfortable..., learn to thrive with it..., and in it)
But not knowing (what the hell am I doing.., and why..., and when..., and for how long..., and in which direction) can certainly be eliminated
Don't get discouraged..., don't allow the naysayers to dissuade..., rattle..., or derail you
It ain't that hard..., it ain't that complicated...., and it damn sure ain't rocket science - I'm a simpleminded..., dumbass redneck after all..., I get it
You certainly can too
Keep your head down.., and keep chipin away - I won't lie - it does take commitment..., and it does take work (new language to learn..., new skills to develop..., new way of thinking & acting to assimilate)
But anything worth having..., is worth working for - and it makes it all that much more special when you get there
================================
Okay the chart of the AH earnings
Yellow circle - hi of the after hrs move
Red / green arrows - where price sits now (almost smack dab in the middle of that range (big rectangle) made oh so many day ago)
Ain't TA / PA a hoot
Trade well All - win.., lose.., or draw
Always keep the losers small
We all have em - please know..., losing trades are just as much a part of successful and consistent trading..., as are the trades the work
Manage each - its all good
======================
LWC
Tag.., you're it Sir.., carry on
RN
AH..., post earnings -> reached a hi of 107 and change..., currently resting at 105 and change (I'll post a chart at this at the end)
===============================
Think I've run my course with this thread
First some acknowledgements
To those who posted buy.., buy..., buy - for whatever reason..., or no reason at all - congrats
To MarcoPolo - you're a trader - I expect nothing less
==================
I've been posting charts here for most of January..., my goals
Show PA could be read..., that accurate context could be created
I think I've proved it can..., and I think I've done it long enough..., and with enough accuracy and consistency - that anyone would be hard pressed to call it luck
Aside
The more accurate you can read price - the more accurate you can create context
The more accurate you can create context - the more accurately you can gauge / measure current PA
Forecasting is for pundits...,idiots..., and not what TA was ever meant for
Oh..., and btw - Price can be read on any TF - as clearly..., and and accurately..., as I have been doing here on the 240
============
Patience..., Neutral-ness..., Risk management
All vital to consistency and longevity in this business
Think I demonstrated these
======================
TA - my definition: anything found on..., derived off- a chart
PA - a subset of TA
I think I've proven PA / TA works - beyond luck..., beyond any doubt..., beyond question
==================
So - should you be an aspiring trader and happen upon this thread - take heart
It can be done - all of it - every damn bit - so luck..., happenstance..., the not knowing..., no longer factor in
btw - not knowing is a damn sight different than uncertainty - uncertainty is our one fact of life (get comfortable..., learn to thrive with it..., and in it)
But not knowing (what the hell am I doing.., and why..., and when..., and for how long..., and in which direction) can certainly be eliminated
Don't get discouraged..., don't allow the naysayers to dissuade..., rattle..., or derail you
It ain't that hard..., it ain't that complicated...., and it damn sure ain't rocket science - I'm a simpleminded..., dumbass redneck after all..., I get it
You certainly can too
Keep your head down.., and keep chipin away - I won't lie - it does take commitment..., and it does take work (new language to learn..., new skills to develop..., new way of thinking & acting to assimilate)
But anything worth having..., is worth working for - and it makes it all that much more special when you get there
================================
Okay the chart of the AH earnings
Yellow circle - hi of the after hrs move
Red / green arrows - where price sits now (almost smack dab in the middle of that range (big rectangle) made oh so many day ago)
Ain't TA / PA a hoot
Trade well All - win.., lose.., or draw
Always keep the losers small
We all have em - please know..., losing trades are just as much a part of successful and consistent trading..., as are the trades the work
Manage each - its all good
======================
LWC
Tag.., you're it Sir.., carry on
RN
Last edited:
buying a few OTM calls, on speculation of course
marc
i ended up buying 14 OTM 2018 leaps
marc
i've been selling [some] covered calls 
, yesterday and today
marc
, yesterday and today marc
Thanks for all your insights that you shared in this thread. I don't spend a lot of time here at ET, but whenever I see your posts... I try to pay attention.
-Al
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"Trading is about discipline...., patience..., repetitiveness..., with no opinion..., and one's ego set aside."
-Redneck
yea, RN is what brought me here to the ET in the first place.
And yes, I do thank you for all the time you take from your day to day to spend here sharing with us.
and I did heed your aside warning as I always do
And yes, I do thank you for all the time you take from your day to day to spend here sharing with us.
and I did heed your aside warning as I always do