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Hey Nerds: Blockchain

Bull markets are a lot easier, as you can rely on picking particular stocks. Now, they mostly all move in unison.
 
CH1 said:
Trust me, it's a lot easier from the sidelines.
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Yup. Based on anecdotal evidence, far more traders are taking hits than being successful in the last month or month and a half. Lotta people have the pandemic = stonks go down mentality and shorted through the historic rally. It's very very easy to fall into that trap.


Saw a lot of "buying puts on ____" tweets from popular fintwit and the tweets suddenly disappearing later in the day. Or the classic "oh I sold for a small loss" after the putos get decimated.
 
Low volatility bull markets are tough on bears. High vol bear markets are tough on bulls and bears.
 
I have a bunch of positions right now that I'm about to close (one way or the other) but the market is stuck. Take me out!!

 
though, it feels like the bulls have no juice and relying on bears to give the market a lift by taking their profits before the wkd.
 
I'm not all that intrigued by the volume today as a bear but I guess the last 15-30 minutes often provide a good percentage of the days volly.
 
CH1 said:
though, it feels like the bulls have no juice and relying on bears to give the market a lift by taking their profits before the wkd.
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Bulls certainly ran out of juice the last couple days but I'm not seeing enough juice out of the bears here. It's on them to prove themselves. They have ample opportunity to knock this fucker down but don't seem all that interested.
 
Bulls creating distance, potentially confirming that the higher low has been set already. I'm actually rooting for some crisp death here. A strong close makes me think we're about to form another equilibrium next week, with the bulls hoping to ride this thing to higher highs.
 
Got out on that last mini pullback. Great day. Thanks, Elon.

Still have my midterm shorts, so a nice whoosh down would please me.
 
I still have some SHOP puts that are stuck in mud....we'll see how that high flyer closes. Stop is at break even now.
 
Bought GILD calls based on this

BREAKING: Trump says FDA has cleared Gilead's remdevisir for emergency use days after positive data for treating coronavirus with the drug.
 
translation: GIlead is our bitch and they will issue fluffy press releases whenever we need them to detract from bad economic headlines.
 
a little something for everyone at the close....mini dump followed by a stick save
 
so typical Wall Street shenanigans. After the positive news, GILD closed the day at 79.95.

That ensures that thousands of calls and puts (at the 80 strike) expiring today end up completely worthless.

Option market closes at 4. At 4:05, Gilead is trading 75 cents higher. I figured that was the play, so I kept my calls over the weekend.

Solid chance they get a nice bump Monday am.
 
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