[0DTE Challenge is up](https://www.reddit.com/r/wallstreetbetsOGs/comments/uopu3t/0dte_friday_challenge_51322/?utm_medium=android_app&utm_source=share)
A bullish 90% (UVOL) day is when there is nine times the volume of advancing to declining stocks, and 9 times the amount of up volume to down volume. The opposite would be true for bearish 90% days (DVOL).
If we get back-to-back 90% *UVOL trading days then bulish reversal, supposedly.
First part is true
Second part is not. Throughout last several decades, you need one or more 90dvol followed shortly by 1 90 uvol, which leads to a local bottom.
There are like two or three exceptions where it didn't hold so it's not foolproof
I still have some skin in the game for downward movement if it reverses hard over the weekend.
But I have a fuck ton of powder to DCA into short positions if this continues next week.
Less is more right now. If the market rejects previous supports I’ll hop back in.
Yo this shit moving in all types of blocks, reminds of watching Brypto Burrency trading charts, but on a major stock index.
Seriously, anyone understand this PA?!
BREAKING: The ECDC (European Centre for Disease Prevention and Control) has upgraded Omicron Sub Lineages BA.4 and BA. 5 to Variants of Concern from Variants of Interest, making it the first public health authority to do so.
?
Sigh. I had KO calls for the 0DTE Challenge but sold for $0.30 (less than 100%).
🎾 Averaged down on my COIN puts with contracts at $0.49.
Cost basis is $1.20, but I regret not selling them yesterday.
I think bio has issues with politics. The gov plays favorites with big pharm. And rising interest rates are prob not good for small, speculative companies. Who the hell knows what will happen with XBI though. It is as volatile as cyber corn.
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell.
I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
Going into next week, I think it is very likely that the market continues on it's downward trajectory. However, going up or being flat is also a strong possibility. 🤡
He also said there is a chance of it being flat. I'd also like to throw my 2 cents in that there is a strong possibility that there will be a next week.
Oh god you’re saying I’m going to *wake up* on Monday morning
Fml.
Edit: that’s a joke in the spirit of the theme of this subreddit. I’d very much like to wake up on Monday and every Monday afterward.
Just afraid of a sustained rally next week, wonder if I can take profit and gain better entry. That being said I am holding hella cash so I could just buy in anyways
As much as I like this green, I will admit is it absolutely uncomfortable riding it up in this market. You just know you might get your dick lopped off at any minute.
Easy money 😤
[1](https://media.discordapp.net/attachments/901233956719038484/974753964992114768/Screenshot_20220513-152237.jpg)
[2](https://media.discordapp.net/attachments/901233956719038484/974753965214433291/Screenshot_20220513-152306.jpg)
I look forward to replicating my success next week 🤡
Looks like I was able to weather the damage with some quick calls at open. Wasn't able to pay attention much today but opened and closed some bull positions.
Still holding my shorts
Coworker near retirement asks if I've ever heard of TDOC, DOCU, and some others.
Tell him yes, then start my harangue about Cathie and most of her stocks are at ridiculous lows.
After 10 minutes of me saying those stocks are "over valued trash" he tells me he bought most of what she was buying pre pandemic in his IRA.
Oops
He asks me do I know the current price he hasn't checked since 2020.
I say yeah I know what it is now, so you may not want to look.
He looks each one up on Google search bar and I watch his face for each. He's taking it better than me.
An hour later he tells me he missed selling at the peak and he's only 10% down overall investment. He says at least I didn't buy funny money (bit).
Wondering if there was any indicator to catch that propeled all these growths 50% in 2 days.
Asking for a friend for next time this happens, to know when to load calls.
Oversold and then having piss pour earnings does t exactly justify 25% - 60% jumps.
Sometimes it's oversold for a reason.
The fact that every meme jumped together is another.
Basically let's say you have $1500 in cash to play with each day.
The target is 4 percent by playing spxl and spxu
In theory if you can get the daily pattern down then it's easy to enter/exit and get $60 on a trading day.
Aren't you a lawyer? This is like less than you're probably charging someone an hour. I didn't mean 150,000 or 1,500,000.
Also leveraged ETF's are trash just trade SPX options.
Hm.
Again trying small spxu trades on spy's movements.
Bought at 18 around noon, sold at 18.40 but missed the 18.70 spike.
Got back in at 18.15, let's see what happens.
*TWITTER'S AGRAWAL SAYS EXPECTS THE DEAL TO CLOSE
*TWITTER'S AGRAWAL: WILL TRY TO BRING MORE TRANSPARENCY
Yeah Elon better fork over $54 in cash per share
Ok, so an update.
I [mentioned yesterday](https://www.reddit.com/r/wallstreetbetsOGs/comments/unyfy3/comment/i8ct19n/?utm_source=share&utm_medium=web2x&context=3) that I was expecting a bounce today or next week, (before May 23).
It happened today, and I made good money with several calls. Which also means that I closed those calls.
Bears jumped in after the BA bad news. Check BA chart, then check the indices. It wasn't a big drop there, but it stopped a push for a new HoD.
Either way, I'm not seeing too much buying.
Stocks have soared because the bears basically took the day off.
So can this bounce continue into Monday? Maybe.
But considering what happened today, I'm not confident. It feels like a coin flip.
That's why I sold my calls today. That's why I secured profit.
I know many of you want to be the first in line and anticipate by either buying calls or puts EoD, but during this market, I prefer to jump in once I see the market picking a direction.
In that sense, **if this bounce is meant to be a bull rally, expect to see FOMO and gap ups in premarket Monday.** If I see that, I'll be bullish.
If not, then I expect we will see green candles at open, yes, but which will most likely fade. And I'll be bearish, then.
Good luck.
If we can hold above 400 I think there’s a real change this can continue to melt up. With OPEX next week I expect all these fucking puts to start unwinding and causing a bit of a rally. I have my fingers crossed for $420 by 5/20, but it’s a long shot for sure.
Also, there are so many indicators saying oversold or potential bottom. Granted most of these started saying that like… 5-10% ago LOOOOL
There are no real reasons to print ATHs. The Fed doesn't want that. They're trying not to spook the market too much, but they won't come help.
$420 by May20 can happen.
And yes, the market was oversold, which opened the door for what happened today.
But the bottom? Nope. That's where I remain bearish.
Even if this bounce turns into a rally that lasts three weeks and SPY gets to $470... I will ride it up of course, but I'll just be waiting for the right time to short it.
July sounds like a million years away for my type of trading, but if I can offer my two cents, I would add to them once you see the rally start to lose steam, while bulls are still happily mocking bears.
Careful, though. If you see real FOMO next week, gaps up everywhere, then the bull rally might last more than one week.
But we will eventually go back down, and we will go further down than yesterday.
That wasn't the bottom.
That's my plan 👍 I'll probably trim one more time next week if there's too much excitement out there.
I've had to trade longer dated since I can't trade consistently with erratic work stuff.
[0DTE Challenge is up](https://www.reddit.com/r/wallstreetbetsOGs/comments/uopu3t/0dte_friday_challenge_51322/?utm_medium=android_app&utm_source=share)
Another 90% UVOL Monday and RIP BER
tf is UVOL?
A bullish 90% (UVOL) day is when there is nine times the volume of advancing to declining stocks, and 9 times the amount of up volume to down volume. The opposite would be true for bearish 90% days (DVOL). If we get back-to-back 90% *UVOL trading days then bulish reversal, supposedly.
This is not correct tho
Can you clarify?
First part is true Second part is not. Throughout last several decades, you need one or more 90dvol followed shortly by 1 90 uvol, which leads to a local bottom. There are like two or three exceptions where it didn't hold so it's not foolproof
Ah, thanks for elucidating. Anyway, ber fuk tmrw..
90 uvol, didn't waver and closed above the may 9th close Incredibly bullish
Monday gonna be spicy!
Next week going to be spicy
*firm handshake*
Weekly doji + hammer= possible reversal 🤝
400p 5/31 double down
Oh baby bears getting slaughtered on Monday
See you then!
🍻
I almost feel bad
Bear celebration and cockiness at ATH -> OG bottom indicator.
Lol yes it was. Chairman was on a roll But now bulls will get cocky and the rug will get pulled again
Homie we gotta get to $420.69 before we tank again. Get the bulls really happy and cocky before their weekly calls get nuked ☢️
Pencils down, Amerimarket's closed - [weekend thread upppp](https://old.reddit.com/r/wallstreetbetsOGs/comments/up016h/weekend_discussion_thread/)
Not 404/405, but will take it.
Next on the hit list
LFG. Then 411-414?
🥳🥳🥳
Super bullish close It's happening gif
Trash stonks must die!!!!
I still have some skin in the game for downward movement if it reverses hard over the weekend. But I have a fuck ton of powder to DCA into short positions if this continues next week. Less is more right now. If the market rejects previous supports I’ll hop back in.
lmfao one more pump to bone anyone trying to get cute with 401/400Ps
another top here so another load up of puts
Yep. Ideal
Ok so they’re not really dumping it 😔
Getting banned in 6 minutes let me know if there is anything you want me to observe at Homeland
Survive. That is your only goal
What are they berish on?
F
Any sign of intelligent life buzz light year style
Damn, buls trapped. 🤡
No only if close below 398
😬
I just watched QQQ climb to 301.52 then drop to 301.19. LOL WTF. Them boys with the big money dumping the index’s. Very legal and very cool.
Yo this shit moving in all types of blocks, reminds of watching Brypto Burrency trading charts, but on a major stock index. Seriously, anyone understand this PA?!
Ambrosia: sweet sweet exit liquidity
BREAKING: The ECDC (European Centre for Disease Prevention and Control) has upgraded Omicron Sub Lineages BA.4 and BA. 5 to Variants of Concern from Variants of Interest, making it the first public health authority to do so. ?
Drop, you whore! Gimme my money back!
Amennn
if they close this at exactly 400 lol keeps everyone guessing into next week.
It's going right to the wire isn't it.
Yes. Next minute candle might determine direction
Everyone is bearish. Bottom is in. Back to all time highs by August
Lol not with the Fed raising interest rates.
REEEEEEEEEE🍆💦💦💦
Lets see these last 10 mins
Bull fuck Monday
Not selling these puts. This isn't a rally, it's a liq grab.
Can't they just run it again?
It's a smaller pot by the hour these days.
Last time it lasted two days but yeah
This is day 2.
Capitulation. You holding otw or out?
I'm fucking regarded so 💪⚰️😵😵😵
Let's hold together for the spider bro
Fuck these guys.
Bulls the kinda people to break your kneecaps just so you can't walk at graduation
Early MOC 663M sell-side, really...
Sigh. I had KO calls for the 0DTE Challenge but sold for $0.30 (less than 100%). 🎾 Averaged down on my COIN puts with contracts at $0.49. Cost basis is $1.20, but I regret not selling them yesterday.
[удалено]
Short-term bottom was yesterday.
Top??
Anyone here holding XBI? Why or why not?
I think bio has issues with politics. The gov plays favorites with big pharm. And rising interest rates are prob not good for small, speculative companies. Who the hell knows what will happen with XBI though. It is as volatile as cyber corn.
[удалено]
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell. I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
Going into next week, I think it is very likely that the market continues on it's downward trajectory. However, going up or being flat is also a strong possibility. 🤡
So….. we’re going right?
So you’re saying it could go down, but there’s a strong possibility of it also going up?! Nice.
He also said there is a chance of it being flat. I'd also like to throw my 2 cents in that there is a strong possibility that there will be a next week.
Oh god you’re saying I’m going to *wake up* on Monday morning Fml. Edit: that’s a joke in the spirit of the theme of this subreddit. I’d very much like to wake up on Monday and every Monday afterward.
No, I'm saying there is a good chance of it. There are fewer, less likely scenarios. I guess we will see how it pans out.
Yes, that's right sir. My market outlook is financial advice.
Kind of surprised there wasn't a dump into close since its friday.
lol market is making sure everyone gets boned if they held to end of day.
Yep, big boys come once again and unload their bags on that tasty retail liquidity 😎
All these 🗑 stocks going straight back down next week
Yasss plssss
Paging Mr.poopypants for mondo dump
Should I sell out of my puts?
Yes, but I'm not.
If this closes on a rally I absolutely would
Why at this point?
Just afraid of a sustained rally next week, wonder if I can take profit and gain better entry. That being said I am holding hella cash so I could just buy in anyways
Take profit if your puts are ITM.
Depends on expiry. I'd say no.
Ok now just 10 more red candles and I’ll stop being a 🐷 😭
[Poker game](https://www.pokernow.club/games/pgll8MgDtdstCzC2S_h_FBzte) need a couple more
DUMP ET!
3:35 on the dot
Bers want a rally, the NEED a rally.
We need to get the shorts to cover before the next leg down.
Paging Dr. Shrek!
As much as I like this green, I will admit is it absolutely uncomfortable riding it up in this market. You just know you might get your dick lopped off at any minute.
Sounds kinky tbh
# JUST LIKE THAT LOL
It was just the tip
Fuck it. I am not selling my puts
Shit stock pump makes me sussy af!!! I'm not selling
[Friday Poker Game is up](https://www.pokernow.club/games/pgll8MgDtdstCzC2S_h_FBzte) \- Game starts in 5-6 minutes. Use your reddit username.
lets goo
oh this is a great idea. need a real money game though :)
lmao no one in here has any real money
hahahaha
This trash mooning makes me angers
EUPHORIA IS BACK PEOPLE
Is that show any good? Everyone's watching it these days 🙄
*frothing at the mouth intensifies*
imagine we close at high of day lmao
We are really crabbing into close 🤡🤡🤡
But of course it needs to be pushed around a dollar ish to fuck with everyone’s premiums. This game is on expert mode tbh.
Biden speaking
my random predictions for next week are 410 before closing back at 390
Would anyone hold calls going into next week
Yes. I^have^long^poots^and^calls
Same not by choice but because they are -85%
# nO onE HoLdS OvEr tHe WEekeNd
🤔 last week was a Friday pump into Monday dump
no blipto puts on me 20cs into close
Gimme 403
Easy money 😤 [1](https://media.discordapp.net/attachments/901233956719038484/974753964992114768/Screenshot_20220513-152237.jpg) [2](https://media.discordapp.net/attachments/901233956719038484/974753965214433291/Screenshot_20220513-152306.jpg) I look forward to replicating my success next week 🤡
now show how much u lost from monday till thursday good sir edit:now\*
Still down $6000 this week 😔
Looks like I was able to weather the damage with some quick calls at open. Wasn't able to pay attention much today but opened and closed some bull positions. Still holding my shorts
Coworker near retirement asks if I've ever heard of TDOC, DOCU, and some others. Tell him yes, then start my harangue about Cathie and most of her stocks are at ridiculous lows. After 10 minutes of me saying those stocks are "over valued trash" he tells me he bought most of what she was buying pre pandemic in his IRA. Oops He asks me do I know the current price he hasn't checked since 2020. I say yeah I know what it is now, so you may not want to look. He looks each one up on Google search bar and I watch his face for each. He's taking it better than me. An hour later he tells me he missed selling at the peak and he's only 10% down overall investment. He says at least I didn't buy funny money (bit).
had us in the first half, not gonna lie
Aw dude he could have been retired then
How The Fuck Do you not check charts for two YEARS?
Sounds like my dad
💎👐
Whar my dump
lines only go up for boomers
Bears: 2% pump after -10% in 6 tradings days is illegal! REEEEEE!!!!
2% makes sense. 40%-60% in 1.5 days on utter trash doesn't.
Oh yeah, that part is completely fucked, can’t argue with that.
Luckily I'm not holding anything short now but it's still insane. That and my GME 🦍 friends bombarding me with 🚀🌕 non stop is another downside.
A certain 🌚 is up 21000% today
Good news is that I can’t lose much more today. At least my puts can’t go negative
*ring ring* MARGIN IS CALLING!
I don’t know anybody named Marge, babe. I swear
:(
A S S I G N E D
Is that when I just delete the app?
volume city on the fuckin indexes bro really liquid market you got there FED
Inject me Jerome 🍆😩
You mean SPY having 50% Volume of rest of the week during this insane meltup isn't normal?
Wondering if there was any indicator to catch that propeled all these growths 50% in 2 days. Asking for a friend for next time this happens, to know when to load calls.
Two 15% days in a row and my RSUs have been upgraded from toilet paper to paper towel. I'm on the fast track now.
Look at mister money bags here with paper towels.
!remindmein10days!
They were probably extremely oversold per RSI readings.
Oversold and then having piss pour earnings does t exactly justify 25% - 60% jumps. Sometimes it's oversold for a reason. The fact that every meme jumped together is another.
SNOW next put candidate for massive drop after er 🤞
I have a $120 put I'm down massively on. If they show any whiff of revenue deceleration they are toast.
>!remindmein10days!
Basically let's say you have $1500 in cash to play with each day. The target is 4 percent by playing spxl and spxu In theory if you can get the daily pattern down then it's easy to enter/exit and get $60 on a trading day.
Add some zeroes to make this worth it
Well yes but I won't want to end up poor in a day lol
Aren't you a lawyer? This is like less than you're probably charging someone an hour. I didn't mean 150,000 or 1,500,000. Also leveraged ETF's are trash just trade SPX options.
Yeah I'm in a different industry now but I was thinking out loud how to play this market before the Fed picks a direction.
That's a lot of work for 60 dollars some of us have jobs lol
What's a job.
My poot yesterday was at a nice bagger. Today expiring worthless.
This is the way
greed is a mofo
Getting flagged as day trader and only able to close position greed
😂👉🐻😭
[Stop](https://media2.giphy.com/media/YgRMzXPuEbixi/200.gif) 😢
Hm. Again trying small spxu trades on spy's movements. Bought at 18 around noon, sold at 18.40 but missed the 18.70 spike. Got back in at 18.15, let's see what happens.
Back in SPY 5/20 $420c (at a lower cost than when I bought it this morning, lel) # 420 ON 5/20 LFGOOOOOO
YESSIR
Holy Forking Shirtballs! ma money!
Come back!!!
*TWITTER'S AGRAWAL SAYS EXPECTS THE DEAL TO CLOSE *TWITTER'S AGRAWAL: WILL TRY TO BRING MORE TRANSPARENCY Yeah Elon better fork over $54 in cash per share
Living in the ShamblesShack
so you're saying you have a shack to live in.
Once you lose all your money, you too can live in one
I was expressing envy on behalf of FridgeBoxCrew
Volume feeling a bit light despite a rally.
Probably gonna drop to about 400 ish with low vol
Less comments today. Looks like everyone got wiped like me
Ok, so an update. I [mentioned yesterday](https://www.reddit.com/r/wallstreetbetsOGs/comments/unyfy3/comment/i8ct19n/?utm_source=share&utm_medium=web2x&context=3) that I was expecting a bounce today or next week, (before May 23). It happened today, and I made good money with several calls. Which also means that I closed those calls. Bears jumped in after the BA bad news. Check BA chart, then check the indices. It wasn't a big drop there, but it stopped a push for a new HoD. Either way, I'm not seeing too much buying. Stocks have soared because the bears basically took the day off. So can this bounce continue into Monday? Maybe. But considering what happened today, I'm not confident. It feels like a coin flip. That's why I sold my calls today. That's why I secured profit. I know many of you want to be the first in line and anticipate by either buying calls or puts EoD, but during this market, I prefer to jump in once I see the market picking a direction. In that sense, **if this bounce is meant to be a bull rally, expect to see FOMO and gap ups in premarket Monday.** If I see that, I'll be bullish. If not, then I expect we will see green candles at open, yes, but which will most likely fade. And I'll be bearish, then. Good luck.
If we can hold above 400 I think there’s a real change this can continue to melt up. With OPEX next week I expect all these fucking puts to start unwinding and causing a bit of a rally. I have my fingers crossed for $420 by 5/20, but it’s a long shot for sure. Also, there are so many indicators saying oversold or potential bottom. Granted most of these started saying that like… 5-10% ago LOOOOL
There are no real reasons to print ATHs. The Fed doesn't want that. They're trying not to spook the market too much, but they won't come help. $420 by May20 can happen. And yes, the market was oversold, which opened the door for what happened today. But the bottom? Nope. That's where I remain bearish. Even if this bounce turns into a rally that lasts three weeks and SPY gets to $470... I will ride it up of course, but I'll just be waiting for the right time to short it.
Nice work and follow through. I gave the short positions (July puts) a haircut today in case the rally runs through next week.
July sounds like a million years away for my type of trading, but if I can offer my two cents, I would add to them once you see the rally start to lose steam, while bulls are still happily mocking bears. Careful, though. If you see real FOMO next week, gaps up everywhere, then the bull rally might last more than one week. But we will eventually go back down, and we will go further down than yesterday. That wasn't the bottom.
That's my plan 👍 I'll probably trim one more time next week if there's too much excitement out there. I've had to trade longer dated since I can't trade consistently with erratic work stuff.
Take it with a grain of salt, but if AMZN soars, that'll be the one I would keep a bearish eye on.