The problem with companies like that is they have no moat. What's special about Docusign? Any software company can do what they do.

The chart on DOCU drops straight down practically.

Here we go some more!

Made 3% on a day trade and now sitting out the rest of the day. Too choppy and I’m not giving away my capital.

****ing AMC. Dumping this loser before close.

Bought 5 more shares at 29.50

Nice. Everything dropping quickly out of the gate again in my long term stocks. Numerous 6% drops.

Keep guessing and buying stocks in clear down trends, cow!

Opportunity pounding on your door bro. You gonna open?

Better to buy too soon than too late.

I won't lose money on this you son of a bitch.

Looking at AMC chart,,,,risky trade,,,,might look to buy at $27 or just under and ride it up to low $30's if I were a trader

commatard on the loose!

definitely dumping AMC if commatard is buying.

ROFL

That makes no sense. Buy stocks in uptrends for trades, don’t guess on a stock trending down for when it will reverse as that’s much more difficult to time.

Why are people so focused on amc?

I'm getting so ****ing excited!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I've got to go clean black mold from a rental now. BTW I bought MOAR!!!!!!!!!

It's a "get rich quick" play under the belief that eventually it will cause a short squeeze and go through the roof (though we've been waiting for that for like 6 months now).

Beyond that, some are just trying to make a little money on the volatility. It's basically cycled back and forth between ~$30 and ~$50 for months now, so if you figure that can continue, you can buy on the low end and sell on the high end. Of course, it's probably truly only worth about ~$2, so you run the risk of it crashing down to earth at some point.

I get the volatility aspect but there are plenty of big movers to consider that aren’t talked about as much. Seems like maybe it consists of people upset they missed the huge growth.

It is very hard to guess when a stock is going to KEEP rising.

You buy it when it's going up it might get dumped shortly thereafter. Good way to become a goddamn bag holder.

I'd rather play it conservatively. I'll buy at 52-week or 6-month lows and bet on it going up in the short term. That has worked well for me.

I am not liking this market at all. Heavy selling into every up move. Market internals look like shit, overblown fear about Omicron......

If you are a long term investor I would be ready to start dipping in but I would go slow....

we push much lower and we are going to have an outside day which can be good but yet still not good..

What is an outside day, you ask??

https://www.investopedia.com/terms/o...dereversal.asp

That’s not playing conservatively, that’s more risky than my trading.

It’s what most people think and it’s why 90% of traders lose. A “cheap” stock is many times cheap for a reason and it’s harder for individual stocks to reverse a trend than continue a current one. That’s why you buy stocks while they trend higher and set stop losses on moves up to decrease downside risk and lock in made gains.

It’s ok if you don’t want to learn though. I’ve provided plenty of education in here and some people just prefer guessing without a plan, which is how you become a bag holder.

Pete, you are very on point in this thread.

Makes me wonder if your posts in other threads are jokes. :D

As always you know everything. :rolleyes:

I should say if we get another outside day and we are about too...this will make the 2nd in 3 days and the 3rd since the sell off started which actually started with an outside day

Nope, just trying to educate you. Trading isn’t about knowing everything. It’s about having a system where you only need to be correct 50% of the time to make money. And it surly isn’t guessing or buying stocks in a down trend.

I’m sorry you won’t listen to any advice that’s trying to help you.

The "good traders" will tell you that you only need to be right 33% of the time. I call bullshit unless you are seriously funded to be able to scale in and out of several positions.

Day trading or swing trading stocks is tough because you have several factors to consider:

Screen the stocks
How is the overall market in relation to the stock
How is the overall sector in relation to the overall market
How is the overall sector in relation to the stock
Analyst "Recommendations" that move a stock quickly one way or the other

That's why I don't do it anymore. Finding the stocks is a pain and time consuming. If I do dabble in it I try to do it with a buy-write call spread or something.

I'd rather focus on the overall market, e.g. SPY, QQQ, etc.

If you want to gamble today, right now is a good time to buy the SPY if you think we will head back up towards the close. Seeing a good buying spot.

My concern though is people selling into the close not wanting to be long over the Omicron weekend....

In your opinion, Mr. Know It All LMAO

My system works just fine for me.

I’ve made money in months where I’m 40% accurate, but not lower than that. Goal is to always have win/loss ratio be of 2:1 or greater. It’s all about managing risk.

I trade on Mark Minervini principles. I pay for a screener that I can manipulate to look for stocks that meet certain rules. I can scan through a list of 700 stocks in about 30 minutes looking for certain patterns.

Best book I’ve ever read.

Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard https://www.amazon.com/dp/0996307931...J5N4CX5K0MQ44A

No way I’m holding over the weekend given current conditions.

I might have to check it out

Since we are on the topic of books, if you have not ever looked into technical analysis and want to learn how to "read the charts" this is the Bible. I had the fist edition called Technical Analysis of the Futures Markets back in the early 90's but the concepts were for stocks as well. Murphy has since been noted as one of the best in the technical analysis arena.

I would read this well before you start reading any other books on trading that involve charts.

https://www.amazon.com/Technical-Ana...s%2C185&sr=8-3

I own that one too.

Great read and very dense. Definitely provides the introduction needed for technical analysis before you learn your own trading style.

Which screener?

Nasdaq is getting completely wrecked today....

TC2000

Trade looks like it might have busted....selling is ferocious today


Still looking promising....if you placed your stop loss correctly you're still in the trade....

It's interesting that there's such a big difference between the Dow, the S&P, and Nasdaq today. It seems that money is fleeing tech hard, and other stuff less so.

Both the SPY and the QQQ are at the 50 day SMA. QQQ has bounced off of it very slightly. SPY is just below it trying to get back above.

I’ll take another small play today. BTBT at 8.30, SL right below low of day at 8.14.

Looking for possible rebound into close with high up side, limited risk with SL.

AMC dipping into the 25’s!

Buying opportunity.

Busted....figured that would not be good but if you were a gambler it had a chance....


selling is picking up

If I didn't think a touch of short covering would come in during the last 20-30 min I would say we are headed for over 10+ points down on the SPY but I think enough will cover their shorts going into the weekend to keep it from happening

ROFL

Keep gambling, unrestricted!

AMC testing 27. Looks to hit 30 by close. Big money coming in!

Solid close for AMC.

Should be back in that $3.50 profit range after hours.

LONG AND STRONG! TO THE MOON!

Almost everything had a solid close. Short covering came in during the last 30 min. Markets came up 1% or so off the lows.

12/9 is the date !

What year?

2021

Is this like a Donnie Darko thing?

<iframe src="https://giphy.com/embed/wNaMZer0YXBQI" width="480" height="398" frameBorder="0" class="giphy-embed" allowFullScreen></iframe><p><a href="https://giphy.com/gifs/hoppip-film-imt-donnie-darko-wNaMZer0YXBQI">via GIPHY</a></p>

My team has a theory.

It has to do with

1) Nikola Tesla
2) The theory of threes 12/9/21
3) The descending wedge
4) a triple bottom being established

TSLA triple bottom?

Just wanted to share this. This is the weekly chart on DOCU going back 4 years to 2018. Just wow.

https://i.imgur.com/rZs5rQX.png

Thats one helluva week. I'm lazy...what happened to make them drop like that?

Easy answer, slightly poor earnings report.

https://finance.yahoo.com/news/docu-...183938500.html

If you bought $1000 worth of PUTS on DOCU the day before earnings, you could have made $600,000

And probably not the worst strategy in a down trending market. Puts ahead of earnings report.

The 600K would likely get washed out to a degree on the companies that didn’t go down but that’s a pretty good strategy.

<iframe width="560" height="315" src="https://www.youtube.com/embed/T2w2PPLlCyg" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

Could be another interesting day!

Pete, if you aren’t swing trading individual stocks, what index tickers do you trade?

SPY, QQQ....I don't even really "trade" anymore. More like try to time when I put cash to work. Rarely take profits right now as I am longer term in all of this.

Today is a huge jump up..big gap....looks good on the ticker but the volatility is still high.

It could be a rare reaction that is the result of an overreaction to Omicron.

But bull markets don't happen when volatility is high. That being said, we got good bounces off the 50 days. Just need the volatility to come in now.

And it was less volume today right? So less follow through buying compared to yesterday which isn’t always a good sign and could mean volatility is still very much a factor.

Couple of my penny stocks had a really good day

CYBL up 43%
FERN up 33%

Disappointed in ILUS today. -1.16% It should have followed the other two.

Good day. Good, good day. I'm still about 3 percent off of my November 16 peak, but this makes up some notable ground.

It was a good day to own Trup and Nvax stock. I only have a tiny amount, but it's a much larger tiny amount after today.

Oh my , those two stocks kicked ass! :thumb::thumb::thumb::thumb::thumb:

almost time to take profits on AMC, LEWDOG YOU BITCH

Was this the to the moon move?

I'm not MTG, don't put that evil on me ricky bobby!

Just want to be a filthy short and pump the dump!

I have started piecing in this morning noting the lack of volatility and that it looks like it may have peaked. May have missed the bottom and may still get a bottom but I am in the ball park. And since I never sold anything I am no worse for wear.

I'm really happy I went in heavy on AAPL. After I dump AmC I'm moving that money there.

Pulled from stocktwits:

#Citadel has been shorting companies like AMC/GME and others. Hedge funds like Citadel suffered massive losses in the hundreds of millions . The company is said to even have taken action against it asking the broker to suspend trading. During a testimony Citadel CEO Griffin admitted the short positions were now closed. A search of Bloomberg however revealed that Citadel not only have failed to cover the short positions from January, but those have actually grown exponentially.

Citadel can use Chinese commercial paper and bonds as collateral. Once Evergrande is declared bankrupt and has a D status, the hedge funds can no longer use the Chinese paper and bonds as collateral. As a result, they are unable to meet multi-billion dollar margin requirements and must sell shares to cover margins or close short positions. In doing so, hedge funds must buy AMC/GME at any price. Even if the market collapses, AMC and GME shares will soar. Apes ... you are going to be filthy rich.

LET'S GOOOOO

I think I'll buy 10 mores share later in after hours just to scratch my itch.

I wonder if the people saying this have a financial incentive to keep the hype high. :hmmm:

Yawn.

Similar things being said since summer.

Right, so maybe I'm misreading this, but if the short positions are closed, aren't the margin requirements now gone?

At least with my hedging account, margin requirements have to be covered before the close of day. CBOT seats have been lost because of failure to cover.

I have a hard time believing NYSE will allow multi-month failure to maintain margin requirements.

This market has topped. I'm going to be selling the rips for a while.

OUCH!

Out of the 84 stocks I've been following, 77 ended the day in the red.