Get long

[theapprentice]

i think it was the price-action on Monday setting up for a rally on Tuesday. if you look at the hourly chart for Monday you can make out a triple bottom and higher highs into the afternoon.

i very much doubt he's looking at the stuff we're all aware of

People like him making 1 mil per day and stuff probably have access to info that tells them where it's going and it's not found in charts adn technical analysis etc

 

[destriero]

TDA has me up 25% on the day. Flat overnight stuff as well so should be indicative. Best day ever which includes my largest one day gain during the RAES arb and one day in 2019 at 18%.

 

[destriero]

I haven't slept more than 3 hours/day in a week. I bought an Evolution float pod and I am going to go take a soak and a long nap.

 

[destriero]

Speaking of RAES. I ran into Putnam in Chicago and I got the impression that he gave me up to regulators back in the day. POS. Glad to hear that Borsellino got a nice pay day for the ARCA suit.

 

[destriero]

There is no scenario which results in a 17K NDX price in 2022.

Don't sell puts. Maintain positions in 1) native otm call structures; 2) wait until the last half hour to trade (if carrying overnight vol); 3) buy native put structures on two day rallies. 4) LVLD -> if you don't know how to structure it then stick to passive XOM longs.

 

[destriero]

if you don't know how to structure it then stick to passive XOM longs.

that was sarcasm, but 2022 is going to be flat (at best) to down. Possible marginal SPX NH. Not on NDX.

 

[LM3886]

wait until the last half hour to trade (if carrying overnight vol)

Is the goal to buy cheaper vol?

 

[destriero]

Is the goal to buy cheaper vol?

To avoid getting whipsawed. The closing trend is critical in high vol/bear mkts.

 

[LM3886]

To avoid getting whipsawed. The closing trend is critical in high vol/bear mkts.

I see. Since you view it as a bear market, shouldn't LVSD be preferred over LVLD?

 

[nooby_mcnoob]

Dest what's your twitter again