We agree on a lot of what you posted, you got the point I was making on the SVXY comment as well. It was a terrible trade until it wasn't. The only way I could admire (or even know period) those guys if the results turned their way. Should we call them lucky or geniuses?

I'm making a ton of trades on a daily basis IRL so there is no possible way I could be accurate or consistent in what I'm talking about here (which also is part of my own issue with a lack of consistency in what we talk about). I agree with you guys after the fact bragging doesn't do anything to advance the discussion but I'm pretty sure every regular has done the same thing at one point or another.

Who cares about bragging rights honestly? Especially on a forum like 2+2 lol.

Btw I have posted plenty of real time ideas, some are terrible but just check the trading thread last year. I've refrained this year because I'm just not sure what the benefit is anymore. Wasn't really getting constructive feedback on most of what I had been posting anyways. Tried to encourage others to do the same but again, no consistency.

Mulesoft MULE quarter had an impressive 60% sales growth. Its an IT, cloud company and I imagine it could end up on the acquisition block of big-cap tech. They aren't profitable yet.

His claim of taking $500k to $12m was on his own money. Shorting VXX and UVXY doesn't generate a taxable event until you exit the position.* Since he seems to just periodically just add to the short positions, he likely has been sitting on purely untaxed gains.

Well, unless he had a margin call during the volpocalypse that triggered a taxable event. If that was the case, then got ****ed pretty hard. He claims that he didn't even come close to a margin call, but I kind of don't see how that could be true if he was adding to his short (as he tweeted he was) during the mayhem over the last month.

He also does some short-term trading from what I understand, but I'm entirely in the dark on how much of his profits over the years were from that.

*I just use long XIV and SVXY. Err, well I won't be using XIV anymore. SVXY is a pain in the butt for taxes since you get a k-1, but is essentially taxed exactly like you were trading the futures directly.

Anyone in here using TradingView a lot?
I modified an indicator I liked using PineScript(TV's scripting language) and am trying to figure out how to do the following with it:

Iterate through all listed tickers on Nasdaq(and probably Russel2000) and run them through my indicator and compile list of tickers meeting "x" requirement of my indicator. This could simply be on a daily time frame(compile the list once a day after the close) but would eventually want it down to probably 4h or 1h timeframe.

Basically just trying to automate me manually typing in tickers into the chart and looking for "x" condition. Ideally being able to make calls/requests through their API but I cannot find any such documentation on how to simulate typing tickers into their charts and querying the data that it spits out in real time.

Just wanted to say ESH18 is back at 2730, which is where it fell apart two weeks ago. In other words, this is a key level.

A two-hour chart is a good view for looking at this.

lurker but will help .....iuse the TV "scanner" and define criteria, you can everything your asking and much more fwiw

Indeed. I've shorted the eminis here. My playbook shows a sea of red candles ahead well into the morning, looking like we have to test the 2686-2700 range again sooner rather than later

Those of you like baseball that have been in the game for a long time, how much do you ascribe a stock correction to this:

https://www.bloomberg.com/news/artic...-for-real-deal

Reading it makes sense, but my historical knowledge of the markets lacks reference points to point back to for this.

Who knows? Thing is money has been real easy for a decade and as that unwinds it could get ugly. But seems as if in these days of algorithmic trading whatever happens fast and changes back fast. 5 month corrections? Now they take 2 weeks. I don't think we really tank until the next recession.

Another problem is bonds have been rallying for 30+ years. Nobody really knows what happens in a bond bear because nobody has ever seen one. The unwind by the Fed and other central banks will probably cause all sorts of fits and starts that could be dangerous but at least the trade should be good

Didn't we just experience a bond bear? Or was I just mislead by headlines?

Target reach on this one ($320), good enough for me, I'm out if anyone followed.

rand, do you see how your notions of resistance caused you to miss an excellent fundamental opportunity from a strong catalyst? The "resistance" you saw was total delusion that destroyed alpha for you. Even if support and resistance were valid ideas (they're not and you should ignore anyone who uses them seriously, because they can't think for ****), the notions become worthless when large fundamental changes happens, and putting weight into them is insane.

They did peak last summer but if you look at a forever chart they have pretty much been going up since the early 80's. The top is probably in for a while and people have been calling bonds a bubble for at least a decade. I think a lot depends on the velocity of any downward movement we see.

i think its going to take something of an earnings miracle to keep this going. debt, rates, dollar, p/e, qe, and inflation. something is going to give, it will take a small miracle to keep the plates spinning imo

QQQ's held their ground today. Nas almost finished positive despite other inices red and VIX up. Had a stop order out today on QID to short Naz, saw the red figured I'm filled and up big lol. I think last few days rally was a bear flag, market keeps going south imo. Noodles and Company NDLS hit new 52 week high today. only got a $280 mil market cap.

Some variant of "six macroeconomic reasons why we need a miracle" has been true every single day that I've been alive.

Anyone following the Marc cohodes/Parker petit feud and mdxg drama?


Cohodes Def enjoying this moment

I have been. Cohodes lost his mind on OSTK but I thought his case on MDXG was pretty convincing. The video where he confronted Parker at that conference a couple months ago was pretty entertaining.

grimreaper doesn't believe in rising wages and inflation but all the publicly traded restaurants are going to get absolutely smoked this year. Higher wages, rising food prices combined with price sensitivity is going to compress the hell out of margins. NDLS, RRGB, SHAK (planning an expansion!), BBRG...and some other names all in trouble. Not sure what the best way to trade this is.

Thanks for this, it's a fun feud.

https://www.bloomberg.com/news/artic...-fbi-showed-up

Also this is a great example of a variation of the Streisand effect. If Parker didn't sic the FBI on Marc no one would have really cared outside the FinTwit universe. Marc has been making noise about MDXG for a long time. But as soon as the FBI threatened Marc at his house at a corporation's behest and the media caught wind of it, MDXG was ****ed.


The lesson is to let trolls troll and ignore them. If people did that, Russian Twitter bots, fake news, SJWs and all that crap in the culture war wouldn't be an issue. It's only that when you engage with trolls that you lose.

Taking on trolls is the PR equivalent of leverage, which is great if want to be long publicity and not short.

And I disagree somewhat. I think they got unlucky and picked on a crazy stubborn chicken farmer. Intimidation is generally a reliable tactic imo. You don't hear about the 95% of case where it worked and the person shut up.

This is not true. That was just the reason that I choose to articulate as to why I did not take the trade. I thought it was an earnings move, had no idea what the (supposed) expected move was, had all the long exposure that I wanted going into the end of the week, etc.

They clearly are, can't believe you are having this conversation seriously. So too is overbought, oversold, trendlines, etc. Markets, like many complex systems in the living world are on the edge of order and chaos. Things like trend lines are examples of ordered behavior in the markets.

This is true but would be true of anything, including previous fundamental shifts. Nothing lasts forever.

lol, ok.

I agree...just in this one graph below you can see the order arising out of chaos and generating trading signals:



It's a random walk.

Support and resistance have been studied. They don't exist in US equity markets. You're completely deluded. Which is understandable....look at the graph above - there are very clear patterns repeating again and again for support, resistance, trend lines..had you traded on these patterns, you'd have made good money. How can you not believe these are real?

It's a random walk.

You can see the huge amount of strong false positives generated by random data - they're about as frequent as what happens in real market data - how do you know that the signals you're basing trades on aren't pure bull**** most of the time? Even if support and resistance are real, most support and resistance points would have to be bull****, given how frequently they arise out of random noise. Why are they a good guide, given this very high rate of false positives?

I followed, but not sure this one is done running. Stop placed at $318, will see how it plays out heading into the weekend.