📈 Stocks Finished The Worst First Half Of A Year Since 1970 – What’s Next?
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"Harmony in Every Heartbeat
December 4, 2024
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Learn WHEN to roll your positions here: https://www.youtube.com/watch?v=WovWFbUEYUw
Sir, Chances of price going up or down after hitting any level is 50-50.IF 4 hour chart based support/resistance level gives trader an edge of say 5% (of price deflecting at the level),would that edge be good enough to make money? Let trader put standing orders each day,each order has take profit & stop loss –TP about 150-200% of SL–and let statistical odds play out.New orders each day after day.Sir, Any suggestions/modifications?
What ended up happening with your Wheel RIDE position?
I think we’re not going bullish till 2024 😂
Hi M&M, Good summary, thx. I tried posting a comment yesterday and it apparently failed to post… Let me try again.
TL;DR:
I don't think you touched on your topic from your teaser email: 'Is it time to stop trading "The Wheel Strategy"?'.
My assumption is "No", as there are value bargains out there for selling Puts (assuming you can find a semi-solid support point these days). Correct?
I am curious about PowerX, though. You haven't mentioned any active PowerX positions in a while. On hold?
My backtests of your PowerX Long triggers (off TradingView) were very weak in June, so my guess is you aren't doing them until the market stabilizes?
Thx!
I am curious what your thoughts are on when a position that you opened has 50% profit after a day or two. Do you close? For example I sold puts on MA 6/30/22 for 2.50 expiring 7/8/22. Currently I can close this position for today, 7/1/22 for around $1.22 and have a 50% profit (155% annualized). Is that a no brainer?
Buying a pe during these difficult times is a smart strategy. Why don't you hedge your positions?
Thanks, I hope you are correct and this turns positive!🙏
thank u 🤗👍🏽and fully agree on the hope of a great second qaurter
Are you stillhold AMD 84 and NVDA 148 ???? Why they so much hammered..? Do you have any idea? It's inbelievable…should we get rid with loses??? Pleasefocus on these two…especially you hold them….its so terrible…
Hi guys, good morning the new version of POX is awesome . thank you markus
You guys are great, thanks for your consistent reports. Have a fun filled 4th!