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riversco

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Pretty spectacular report from tradesight this evening.  Apple, Tesla and Facebook all produced sell signals per the tradesight system.

At 1:25 he says: "5 days in a row with some of the most record volume we've ever seen in the market, with a couple of stocks heading up and everything else not doing anything.  This is a big warning sign and people who think the market is going up should really be paying attention to this because this does not make sense."

I'm still waiting for this market to roll over and zoom back down to the retest the lows.  This nasty weakness overnight could be it.

 

 

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Tradesight update:  Apple and Google have sell signals.  Netflix needs one more up day to set off a sell signal.  Tesla and Facebook have sell signals in place.  Its very rare to see all of these major stocks set up sell signals like this.

 

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:lol:

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had quite a good day yesteday

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On 6/17/2020 at 9:16 AM, kilroy69 said:

I would be shorting the shitt out of hertz. 

It was at 2 bucks when I said this. At 1.41 now. 

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put 2 k in 3 stocks at the start of this madness, up to 3800 now,. Wish I wasn't a wuss and put 20000 in :cry:

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17 minutes ago, edjr said:

put 2 k in 3 stocks at the start of this madness, up to 3800 now,. Wish I wasn't a wuss and put 20000 in :cry:

 

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2 minutes ago, Cdub100 said:

 

20k is unrealistic,. I'd have never.  10k maybe. still might.  But I have to okay every trade and sale through my legal dept at work before I can do it. for insider trading poiposes 

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30 minutes ago, edjr said:

20k is unrealistic,. I'd have never.  10k maybe. still might.  But I have to okay every trade and sale through my legal dept at work before I can do it. for insider trading poiposes 

Every spring I get audited for my clearance. It's one of the reasons I stopped day and swing trading. I had to enter every trade in this sh1tty database. I always got a "letter of concern" because of my index funds. Focking takes me hours to do it and then explain to the stupid investigator what I'm doing. It's easier now with my TSP, Index funds, and dividend portfolio. 

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I put 3k in at the nadir, mostly on energy stocks. Idea was buy and hold long term since they were the cheapest they’d been in a long long time.

At one point I was up an eye popping $1600. Thought about selling then but I figured no, I was going to stick to the initial plan.

Taken a beating since, up only $600 now. I have always suspected the market was going to come back down with a long and sustained drop followed by probably a year or two of stagnation. If I’m right we still have a while to go til bottom, I’d guess around 17000-18000 on the Dow. Might be even worse.

Wishing I’d taken that $1600 now but oh well. I will dump a bunch more in at the next nadir, like up to 100k.

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1 hour ago, IGotWorms said:

I put 3k in at the nadir, mostly on energy stocks. Idea was buy and hold long term since they were the cheapest they’d been in a long long time.

At one point I was up an eye popping $1600. Thought about selling then but I figured no, I was going to stick to the initial plan.

Taken a beating since, up only $600 now. I have always suspected the market was going to come back down with a long and sustained drop followed by probably a year or two of stagnation. If I’m right we still have a while to go til bottom, I’d guess around 17000-18000 on the Dow. Might be even worse.

Wishing I’d taken that $1600 now but oh well. I will dump a bunch more in at the next nadir, like up to 100k.

For day trading Mad Money purposes, I think the best approach is:

1.  Identify trading systems that work 80%+ of the time.
2.  Designate a pile of money as Mad Money.  You are willing to lose it.  Let's say $5k.
3.  Divvy up the $5k into $1k piles.
4.  Every time your system pings a buy or sell signal, buy highly leveraged options with $1k in the direction your system says it will go.
5.  If its wrong, you lose the $1k.
6. If you are right, it can double to $2k or more.  Mark your cash out point and take the money.

If your system is wrong 5x in a row, game over, you need to stake yourself again with $5k if you want to continue.
If you system is correct enough to hit $10k, then you set $5k aside and go back to step 1 with $5k.

Then just see how high you can build your stack.

I mean, I think its fairly easy to establish a trading system that wins a lot.  The difficult part is money management. How to correctly deploy your money to not get wiped out.

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LVGO has EXPLODED since I bought it @30 . Thank you Motley Fool :cheers:  (up 4.25 today)

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I mean, I think its fairly easy to establish a trading system that wins a lot.  The difficult part is money management. How to correctly deploy your money to not get wiped out.  Here, the system is about deciding if you want to continue or not every $5k loss.

Also, if the kitty gets big enough, and you wind up with $50k total, you could step up your bets on individual signals to $5k.  Or if it gets to $100k, you step it up to $10k.  See how high it goes.

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6 minutes ago, riversco said:

For day trading Mad Money purposes, I think the best approach is:

1.  Identify trading systems that work 80%+ of the time.
2.  Designate a pile of money as Mad Money.  You are willing to lose it.  Let's say $5k.
3.  Divvy up the $5k into $1k piles.
4.  Every time your system pings a buy or sell signal, buy highly leveraged options with $1k in the direction your system says it will go.
5.  If its wrong, you lose the $1k.
6. If you are right, it can double to $2k or more.  Mark your cash out point and take the money.

If your system is wrong 5x in a row, game over, you need to stake yourself again with $5k if you want to continue.
If you system is correct enough to hit $10k, then you set $5k aside and go back to step 1 with $5k.

Then just see how high you can build your stack.

I mean, I think its fairly easy to establish a trading system that wins a lot.  The difficult part is money management. How to correctly deploy your money to not get wiped out.

I think sitting at a blackjack table with 5 k and playing 1 k hands is a better proposition 

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2 minutes ago, edjr said:

I think sitting at a blackjack table with 5 k and playing 1 k hands is a better proposition 

Maybe but we're talking about someone with stock market expertise and doing it from home instead of card expertise and driving to a casino.

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5 minutes ago, riversco said:

Maybe but we're talking about someone with stock market expertise and doing it from home instead of card expertise and driving to a casino.

If it were that easy, more people would do it. I will take my 45% chance and throw 1k on a hand of BJ, who knows, maybe the 1st hand is BJ and you walk away 1,500  richer

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22 minutes ago, edjr said:

If it were that easy, more people would do it. I will take my 45% chance and throw 1k on a hand of BJ, who knows, maybe the 1st hand is BJ and you walk away 1,500  richer

Well, there's a lot of easy ways to make money.  People just don't  do them because they are lazy.

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:lol:

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Hertz is in a pump and dump right now taking advantage of robinhood daytraders. 

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28 minutes ago, kilroy69 said:

Hertz is in a pump and dump right now taking advantage of robinhood daytraders. 

Robinhood isn't large enough to move the needle.

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1 minute ago, Cdub100 said:

Robinhood isn't large enough to move the needle.

So lets say you were looking to do a pump and dump on a stock that was available to individual investors. Hertz is that stock. it was up 70 percent today at one point. On news that its inventory might be bought out by other car dealers..of which both whose stocks took a hit on the news. 

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4 minutes ago, kilroy69 said:

So lets say you were looking to do a pump and dump on a stock that was available to individual investors. Hertz is that stock. it was up 70 percent today at one point. On news that its inventory might be bought out by other car dealers..of which both whose stocks took a hit on the news. 

I'm not saying it didn't happen. What I'm saying is Robinhood isn't big enough to move the stock. 

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14 minutes ago, Cdub100 said:

I'm not saying it didn't happen. What I'm saying is Robinhood isn't big enough to move the stock. 

Correct. The big boys are stealing the $ from Robinhooders using stocks like HTZ to do it. All the pump and dumps we have seen lately are coordinated attacks on robinhooders of the likes we have not seen since the dotcom bubble of the 90s. Low float stocks are pumped and suck in the robinhooders.

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I'm guessing the rips are being sold by the smart $ and bought by the dumb money (Portney).

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Pretty much everything has printed sell signals on this guy's analysis and now the market is starting to crack so look out below.

 

 

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On 6/24/2020 at 11:58 AM, Cdub100 said:

I'm not saying it didn't happen. What I'm saying is Robinhood isn't big enough to move the stock. 

https://thenextweb.com/hardfork/2020/06/25/at-least-7500-robinhood-traders-bought-hertz-stock-after-its-latest-100-pump/

 

Robinhood traders are apparently hell-bent on resurrecting Hertz despite the company’s repeated warnings that its stock could soon be “worthless.”

Hertz stock has miraculously pumped once again and (surprise, surprise) Robinhood traders like what they see. $HTZ went from Tuesday’s low of $1.11 to a high of $2.38 on Wednesday  up 114% in 24 hours.

Such a sudden rise would presumably trigger Robinhood traders to sell their Hertz shares en masse. After all, two weeks have passed since the car rental firm’s bankruptcy filing illogically triggered its stock to surge 680% in four days.

In that time, Hertz stock would fall from $6.25 to well below $1.20. Anyone who’d bought below $2.30 might’ve seen Wednesday as an opportunity to exit once and for all, considering the risks associated with investing in companies who’ve filed Chapter 11s.

[Read: The ‘average’ Robinhood trader is no match for the S&P 500, just like Buffett]

Well, not only did Robinhood users as a whole miss selling Wednesday’s top, nearly 7,500 traders took fresh positions in Hertz after that pump  likely anticipating another impending head-scratching multiplication.

The number of Robinhood users holding Hertz rose at yesterday’s peak

Hard Fork analyzed Wednesday’s Hertz pump against the Robinhood popularity data provided by Robintrack. Updated hourly, Robintrack’s data tells us exactly how many users were holding Hertz stock at any given moment.

Unfortunately, the data doesn’t reveal how many Hertz shares are held, or the trade position of each holder; but it does offer a glimpse into the general sentiment of Robinhood‘s userbase as a whole.

Robinhood, hertz TradingView chart, Robintrack data.

(NB: It must be clarified that the numbers in this article reference the provably minimum number of new holders. If there were 10,000 holders at midday and 15,000 at 2PM  one can only prove the existence of 5,000 new holders.)

At midnight on Tuesday, there were 152,503 Robinhood users holding Hertz stock. After opening the next day at $1.56, a small number of traders sold everything in the wake of Hertz‘s ‘pre-pump’ to $1.65.

There would be no real change in the number of Hertz holders over the next few hours, even as $HTZ shot up 70% to reach its daily height of $2.37 at 14:30 UTC.

But, while loads of traders clearly missed the chance to sell $HTZ at Wednesday’s top, 81 lucky users did try to catch the ‘falling knife’ on its way down.

More than 6,500 Robinhood users would go on to add Hertz to their portfolios between 14:45 and 18:45 UTC, and by the end of the day that number had reached 7,484. Presumably, they’re anticipating $2.37 to be just the beginning for Hertz.

Okay, maybe we won’t dump our stock on the retail crowd

For what it’s worth, Hertz rescinded its questionable plan to sell up to $500 million worth of fresh stock last week.

The idea was to capitalize on its newly-found popularity amongst retail investors, but the SEC understandably had some problems with such an unusual request.

Robinhood, hertz Price goes down, Robinhood holders go up (source Robintrack).

Analysts have started to speculate that the company might look to raise cash by selling off its inventory to competitors, namely AutoNation, CarMax, and Avis.

Outside of that, Hertz likely needs to raise upwards of $900 million worth of debt to survive, according to an industry note shared by Business Insider.

While all that plays out, there remains roughly 160,000 Robinhood users still holding Hertz stock. Hands. Of. Steel.

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Anyone over here on the CYDY train that Chet our everyone on to over at snowflakeguys? What a run. 

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7 minutes ago, kilroy69 said:

The doesn't say the stock fluctuations are because of Robinhood. Just that morons on Robinhood are buying htz and getting the back end of the pump and dump.

 

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3 hours ago, BirdGang said:

Anyone over here on the CYDY train that Chet our everyone on to over at snowflakeguys? What a run. 

I've been in and out of it numerous times on my gambling account. It's too risky for me to put real $ into it even with what he knows. That drug gets bad news and that thing is sub $1 again although I wish my buy of 1000 shares at 1 would have gone thru when I tried to get it there.

This market is heading south over the next few weeks/months.

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Everyone's getting at least another $1200 in newly printed Ben Franklin's soon because the sh1t is hitting the fan and they think that will keep this market afloat. Pretty sure the big boys have transferred most of their $ to robinhooders, mom & pop and the rest of the bag holders (as I had predicted) and this will fail but we will have another $1200 to put in the market. They are gonna try and time it to stop the bleeding on a real bad down day. My guess is it allows the big boys to finish selling their positions.

Sell any rip to Portney & the robinhooders.

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4 hours ago, lod001 said:

I've been in and out of it numerous times on my gambling account. It's too risky for me to put real $ into it even with what he knows. That drug gets bad news and that thing is sub $1 again although I wish my buy of 1000 shares at 1 would have gone thru when I tried to get it there.

This market is heading south over the next few weeks/months.

Yeah good point, I’ve never had one skyrocket like this. Time to probably trim some off. 

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42 minutes ago, BirdGang said:

Yeah good point, I’ve never had one skyrocket like this. Time to probably trim some off. 

If you are up enough to sell your original investment and still have a meaningful amount in there, that is what I would do. if I had 1000 shares at 1. I would now sell $1000 worth and keep the lotto ticket rolling.

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I AIN'T LEAVING!!!

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1 hour ago, lod001 said:

If you are up enough to sell your original investment and still have a meaningful amount in there, that is what I would do. if I had 1000 shares at 1. I would now sell $1000 worth and keep the lotto ticket rolling.

Yep I’ve got the initial back and have 1,750 rolling but debating peeling off a few here and there with this recent burst. Amazing he was calling this thing at around .50 cents. 

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On 6/26/2020 at 8:09 PM, BirdGang said:

Yep I’ve got the initial back and have 1,750 rolling but debating peeling off a few here and there with this recent burst. Amazing he was calling this thing at around .50 cents. 

Wow. Did you see what just happened? Someone took this thing for 9+ down to 5 and it's going back up. I had a small # of shares with a 25 cent below current high price stop loss trigger. made $ and now got them all back and some a lot lower.

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55 minutes ago, lod001 said:

Wow. Did you see what just happened? Someone took this thing for 9+ down to 5 and it's going back up. I had a small # of shares with a 25 cent below current high price stop loss trigger. made $ and now got them all back and some a lot lower.

That was nuts, I saw it on my ticker while out at a job now finally back in front of a computer and debating if I should trim some on the way back up or hold on tight. 

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