I WAS A “DEGENERATE” TRADER LONG BEFORE IT WAS COOL!

 

“Figured it out before many of you were born!!”

Check out the article today on ZH, the link directly below, where somebody is

moaning & groaning about all of the “teens” becoming “degenerate” traders via

trading apps on their smartphones … “meme Stonks”, options on

“meme Stonks”, 0DTE options on the “Spoos” or NDX100, and to some extent

crypto … ain’t seen any “teen traders” brag about FX, oil, or gold … that’s

“fuddy duddy” shit that doesn’t move well enough to stir the animal spirits

… “when younguns perceive their future offers no hope cuz society is

1) corrupt as Hell, 2) education is a dead end of financial hardship, 3) inflation is

out of control, 4) corporate America is a death sentence, they’ll turn to

opportunities where they are in control and call their own shots for financial

success… Dear Younguns: welcome to trading mi amigos!!”

https://www.zerohedge.com/markets/rise-teen-stock-traders-gamification-trading

-apps-creates-new-gamblers

And while 0DTE options & “meme Stonks” catch the younguns attention, it ain’t

my cup of tea, cuz while the payoffs can be high the risks are very tangible and

real for “blowing out”, something younger traders have a real problem with and

always have … making boatloads of dough is nice, but keeping it is nicer without

doing “stupid shit” on the risk side of the equation … crypto, when it moves,

offers better risk profiles while still being able to book coin.

Today markets [cough, bullshit, cough] focus on NVDIA earnings after the close

… the biggest of the big for “AI”, they better beat expectations by sigma amounts

or there’s gonna be a bloodbath in the aftermarket … the amount of OTM call

options LONG by specs is “off the charts”, and any disappointment will be met

harshly … EXIT QUESTION: “Who’s left to buy and get long?” … “maybe Biden

and his Communist crew of misfits can give the 10 million ILLEGALS let in since

he stole the 2020 election debit cards and options accounts at Schwab and/or

Fidelity so they can buy NVDIA calls out-of-the-money [OTM] … why not?,

they’re given everything else FREE for being here ILLEGALLY … hardened

criminals can now be “degenerate traders” and fund drug deals … sounds like

a solid plan for the Banana Republic doesn’t it?”

Unless you think trees grow to the sky, caution in the rise of ETH is warranted

here … $3K is providing resistance, and the daily chart is showing a

“hanging man” on the candlestick [which is bearish], and if today’s down move

holds, a bearish engulfing pattern off a top … all are big “ifs” of course for a

potential drop in price, since FOMO knows no fear of drops in price [until they

come and then watch how fast they panic].

Only one PAMM trade today … pretty shitty trade since the NYSE open with

choppy action, zero follow through, and a tiny range … WE’RE UP SLIGHTLY

… hopefully tomorrow sees better trading action and a better NYSE range

… NVDIA earnings after the NYSE close, and that might shake things up … we’ll

see … onto tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas