Can go up can go down can go sideways

Nvda calls. Money printer

I would be happy for that type of performance

Wow up a whole 5k. I lose that much in one hour.

Better than buying treasuries and blowing up eventually over a few years. This way you can blow up every day

We will just print forever. Inflation will stay forever. AI will pump the 7 main stocks and indices will be saved.

Yeah it's at an inflection point. So much in revenue coming in. Wall Street clicked everyone. NVDA team played them perfectly

AI hype scam.

And now we got 10b offering. Clearly manipulated by algos and Jensen because he needed stock price high. I hope it gets destroyed to 208

So 61% YTD is not enough. You want another 8%. Go look at weekly. This is going for 8 weeks green in a row with money flow at extreme overbought levels. It finally hit weekly cloud resistance. Pull back is here. I'm short shares and naked calls. Means you will get 260 this week given my ability

First rule about theta gang is we don't talk about theta gang

Move in with a friend then.

Well then buy the house and refinance later. Silly to rent when you paying someone else's mortgage.

I would just wait until late 2023. Going to see a lot of pain for equities and real estate. The interest rate effects lag big time. Keep saving and keep your fund in a hysa earning 4%.

IRS with the easy win.

Just words on a screen. Everyone wants to know if there Jan 3 2023 puts are going to print

Trying to win it back is the first issue. Build up your capital and trade shares. Get good at it and then dabble into small options play.

No it wasn't. It was JPM dumb collar. Markets go where big funds have their options.

I think the real drop to 3200 will be mid part of the year when we get earnings miss, proper earnings revisions downward and finally the effects of interest rate hikes. At that time, I'm hoping to see real panic to flush out all the over leveraged folks.

Right now we are getting 4% risk free and we should be 5% next year when Fed finally hits it's rate target. Rather that then trying to get an extra 3% for equities (assuming 8% historical annual gains).

Also we finally get a proper bear market lasting longer than 18 months.

Max out 401k. Put every other $ for house into hysa at 4% and don't play with it. Every other $ that is free use in a taxable account and start buying schd. Don't complicate things.

Your goal right now is to maximize earnings thru your job. That's where the bulk of your early to mid career wealth will come from. The late part of your wealth will be from assets and equities that you built up over time.

I agree we rally into earnings for January and then we fall down and finally break the 2022 lows into March. April, May stay flat and then drop hard in June and July at which time I'm hoping we are -20% ytd again so puts us at 3000/3200 spy mark.

Not going long until we see actual pivot and then wait at least 3 months. Only reason Fed will pivot is because something is broken in economy which means more bad stuff happening in short term.

I am hoping we can start going long come Nov 2023.

Time to do 0dte

Simple cure. Become a night trader

My plan as well. Not going to buy put but just short stuff

Yeah. Look for 4000 being big resistance. Start getting your shorts in there because they will protect the collar at all costs. Funny thing is the trendline resistance will be there as well.