2k account challenge - acct update - $11606

[FabTrey]

Understandable. $2,000 is a reasonable start for beginners, but too small an account for me to have any fun with. I pay more than that in fees on some of my larger positions.

well i used to follow these small acct challenges in the past. i just followed 10x. buy 1 con? i buy 10.
I talked to Nilly, and we both agree that swinging is really hard right now when everything is a damn near ATH. we really need a major correction

 

[FaTaL]

well i used to follow these small acct challenges in the past. i just followed 10x. buy 1 con? i buy 10.
I talked to Nilly, and we both agree that swinging is really hard right now when everything is a damn near ATH. we really need a major correction

The question is what causes that correction and when? Food inflation?

 

[FabTrey]

whats your opinion on OPEN? Whats with your discord being locked down now?

ok, now i remember this hoe - it was a spac with chamath. never liked him. and i absolutely hated the website. i've used in the past. what a turn off.
now it got dirt cheap because well. I don't know why it crashed so bad and never got back on track - it's probably not a well run company.

but with WSB behind it i see more juice behind the squeeze. it's gonna hit a wall at $3 if it breaks $3 then 4.5-5s.

when those degens do something it can be fun. but the best time was last week when it was still below $1.
and since this has options, you got 2 kinds of degens jumping on this.
when there's cheap contract to buy, it's definitely a huge plus. and no more $ left to borrow is what i'm reading from reddit.

if there's no other shortsqueezes going on taking a spotlight away from this... i think it won't hurt to buy january $2.5 call.


One of our member alerted this when this was below $1. it was january call.
i would say if you have a gambling money then chase it. only small sizes tho.

 

[FabTrey]

The question is what causes that correction and when? Food inflation?

market is never a straight line. it could be anything. Feds interest hike, ai bubble burst, etc..

I kinda wanna see a major retest on ai stocks. Nvda below 130 again would be nice. It will trigger entire market correction

 

[Koichos]

well i used to follow these small acct challenges in the past. i just followed 10x. buy 1 con? i buy 10.
I talked to Nilly, and we both agree that swinging is really hard right now when everything is a damn near ATH. we really need a major correction

Do you not short? I know some people find it unethical, but to each his own. As long as the market moves, I’m making money one way or the other.

 

[FabTrey]

Do you not short? I know some people find it unethical, but to each his own. As long as the market moves, I’m making money one way or the other.

for long swings? i don't go short much. and i don't like going against overall trend. nilly is similar. golden zone traders probably wont like going puts 2-3 month out. that just asking for a trouble.

i go against the trend everyday. but that's it. i'm not gonna go against it for swings. i like riding the trend.

i sleep better at night not holding anything.

 

[Koichos]

for long swings? i don't go short much. and i don't like going against overall trend. nilly is similar. golden zone traders probably wont like going puts 2-3 month out. that just asking for a trouble.

i go against the trend everyday. but that's it. i'm not gonna go against it for swings. i like riding the trend.

i sleep better at night not holding anything.

If the momentum is down, do you sit on your hands looking for another long at support instead of scalping shorts? I don’t trade legacy, so maybe our terminology is different.

 

[Towlie]

All this price discovery over the last couple of weeks and no updates? How is everyone doing in their trades?

Down like $700 from the 2k challenge. Initially I was up $700ish

 

[Koichos]

Down like $700 from the 2k challenge. Initially I was up $700ish

That’s all right, everyone’s ‘tuition’ (the amount lost while learning) varies. Have you started charting and applying your own strategy, or are you still relying on signals?

 

[FabTrey]

If the momentum is down, do you sit on your hands looking for another long at support instead of scalping shorts? I don’t trade legacy, so maybe our terminology is different.

I scalp hot zones both ways. I only trade 2 hours daily. If nothing is there I scalp small caps. Vice versa.

The best imbalance zone is premarket small cap breakouts, but cant wake up early. I'm in pst

 

[Koichos]

I scalp hot zones both ways. I only trade 2 hours daily. If nothing is there I scalp small caps. Vice versa.

The best imbalance zone is premarket small cap breakouts, but cant wake up early. I'm in pst

Gotcha. I don’t trade much these days, two to three days a week at best or I’m catching the stink eye from the missus.

 

[FabTrey]

Uh oh we got a competition over here. We added a new channel. I spy profits.

He is a wsop professional poker player.

 

[FabTrey]

wow over 800%


Nilly with nice plays too. we back

 

[FabTrey]

$9200 on KSS


I know many of yall quit. fukking pussies

 

[Towlie]

$9200 on KSS


I know many of yall quit. fukking pussies

Whew. nilly hit a home run