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Hey Nerds: Blockchain

$SLV making a laggard move this morning it seems like. Was suppressed these last couple of days compared to gold and there was always a risk of Gold eventually going through daily consolidation with Silver following. Now I feel like we're definitely looking at the last burst before real consolidation on the Golds and silvers. So I'll probably trim half of my gld calls if we get a nice open here.
 
I sold all my AVGO call rentals.....move was huge and with VIX staying strong, I did not want to overstay my welcome
 
this market is stupid fun...had a zoom meeting otherwise I had a shot at a 70 point short zipper during the last hour.

Oh well, these days when you miss a 70 point swing, you just have to wait a day (or a few hours)
 
Oh ya, super stupid fun. I can't think of another way to describe so much equity vanishing in thin air within a few months.
 
Yeah this is amazing. I mostly sat back today because I have my long positions in names that are in uptrends and the consolidation didn't really scare me (my oil names, silver and gold didn't ever even go red today). Played two oversold bounces today; one attempt failed, the other paid for that failure.

Despite the weak close today I'm not sure the bulls will give that Feb. 24 low level up without a real fight. Potential IHS shaping up too so something to watch out for. But if we dump straight down that's when I feel the real fear could begin. Important to keep perspective too; zoom out to the monthly charts and this is all healthy and looking bullish as shit. But in a way that is scary because there is a looooooot of room to fall.

Personally I want to see weekly oversold conditions on SPY and QQQ before I start looking at buying some long-term "no touch for 20+ years" positions. There just isn't enough blood yet; we had an hourly oversold bounce today but the 4 hour/daily charts aren't even beat up yet. And hey, maybe they never will be.

I suspect tomorrow will be fun too.
 
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@LOF I should have specified stupid fun for trading degenerates....the portfolio part of me is worried about WWIII and stagflation like everyone else.
 
Preston said:
Yeah this is amazing. I mostly sat back today because I have my long positions in names that are in uptrends and the consolidation didn't really scare me (my oil names, silver and gold didn't ever even go red today). Played two oversold bounces today; one attempt failed, the other paid for that failure.

Despite the weak close today I'm not sure the bulls will give that Feb. 24 low level up without a real fight. Potential IHS shaping up too so something to watch out for. But if we dump straight down that's when I feel the real fear could begin. Important to keep perspective too; zoom out to the monthly charts and this is all healthy and looking bullish as shit. But in a way that is scary because there is a looooooot of room to fall.

Personally I want to see weekly oversold conditions on SPY and QQQ before I start looking at buying some long-term "no touch for 20+ years" positions. There just isn't enough blood yet; we had an hourly oversold bounce today but the 4 hour/daily charts aren't even beat up yet. And hey, maybe they never will be.

I suspect tomorrow will be fun too.
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You could start a bloodbank with all the plasma I gave up recently.
 
LeafOfFaith said:
You could start a bloodbank with all the plasma I gave up recently.
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Like Presto said, you should be used to it. If tech is too crazy for you, it might be a good idea to add some “boring” shit like DE and MOS to your folio. The Naz “crashes” every 18 months

92D22923-E219-4A2D-A187-3D67BC5BC0B9.jpeg
 
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This one is worse. The overall chart is nice and all, but some of the individual names are crushed back to 4-5 years ago. That's not just something that will recover in a few months.
 
LeafOfFaith said:
This one is worse. The overall chart is nice and all, but some of the individual names are crushed back to 4-5 years ago. That's not just something that will recover in a few months.
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All companies with little in terms of real profit that used whatever cash flow they had to grow
 
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