kingdips

kingdips

Just confirmed the trend touch Good to enter with hedged call Always hedge and manage your risk.

kingdips

Look at this intraday price action on SPY. Bulls thought they had a win. +0.40% in one candle. "Wow must be going up forever to all time high!" MMs (market makers): SIKE! Drops 0.42% which is even lower than the initial pump. How do you play it then? Hedge. For example, I started with puts:calls 4:1 ratio. Sold +20% and held the call -10%. Sold the call...

kingdips

Have an ER strangle on AMD. Looking to exit the puts tomorrow near 150-155. Have been playing strangles on earnings this season. Will update this tomorrow.

kingdips

Looks like CVNA is ready to breakout in a cup/ handle. Everyone said that it broke out already and is now dying down. But the final handle/ falling wedge is showing signs of a breakout. I posted this at $42 last week but re-emphasizing at $44. As long as you hedge you're not late. You can capitalize on both ups and downs if you have insurance (hedge).

kingdips

This floor on NYSE:SE has been the exact bounce spot for the last few months. Has always found a way to bounce to 40-45. This kind of play I wouldn't touch without a short term hedge (so, put) because if it breaches the floor, it'll see new lows. Why wouldn't you want to bank on the way down too if you're wrong?

kingdips Updated 

Been playing this before the breakout never got a chance to post an idea. Told myself if we dip to support I will post it. Eyeing a bounce @ this support level (white line). Give yourself some time so get longer-dated calls or just get shares slowly. Will re-evaluate if we break 255. Keeping this idea nice and short. Comment or msg if you have questions. GLTA. NFA.

kingdips

Watch top of channel on the 15 min, can be a quick play or overnight. We'll see which way it breaks.

kingdips Updated 

I have been practicing for exactly 1 month. Took two accounts from 200 to 600/800. But the gains did not hold up well. So I refined my strategy again and again. Time to share the journey with you as it's happening. Going to post daily updates and trade reviews in the updates of this idea. The goal is $5,000. There will be bumps in the road, but I will try to...

kingdips Updated 

Today I was trading NASDAQ:MARA puts expecting breach of $41.7k. While that didn't happen during the day, my puts still have a chance over the weekend. Let's take a look at the possibilities. Let's look at this chart below: First let's look at the diamond top - this is one of the most bearish patterns in my opinion and a strong indication of a major...

kingdips Updated 

You never know when a rising wedge will break really but one thing for sure is you don’t go long when you see it forming. Rising wedges can be invalidated by a violent breakout. However, that usually results in an upper wick and falls back down anyway. Cheers GL. This is a follow up from my previous in depth analysis.

kingdips Updated 

1 hour bar from Friday worth 0.33% Breakout above will see ATH Breakout below will be start of a new downtrend We all also know the trend on the daily: Trade carefully, best is to watch the breakout or breakdown.

kingdips Updated 

Real simple analysis. Over 4389.75 can see all time highs by end of month. Under 4374.75 will be start of a new downtrend. Make sure to set your stops and targets properly and trade carefully. Follow for more simple yet effective analysis.

kingdips

So, what's the best way to play FOMC? Probably a strangle. According to last FOMC on 9/20 your NASDAQ:QQQ calls would have printed around +50% or more. Assuming you sold and held your puts, your puts would have given you an extra 200% to 300%. You can do this on any stock obviously. Don't get greedy. Best decision might be to stay out of course. Choosing a...

kingdips Updated 

There is a market-wide outage on the options chain. Currently stuck in SPY calls @ the bottom. We'll see what happens. Was predicting a reversal regardless based on the candlestick movements.

kingdips Updated 

The H/S pattern is a clear indication that buyers are weakening. If you see the day's price action you'll see that we couldn't even reclaim 262 or close at a weekly high. Today, there was bad news and pumped $10 from the bottom. Yes we played calls here today (and a failed $40 lotto put), but that doesn't mean this price action is sustainable. Anyway,...

kingdips Updated 

This is a classic bear flag and trendline rejection on the daily. There is no floor for AMZN buyers to keep the price up here. Next floor and support is the white TL. We also saw NASDAQ:AMZN breakout under a long term trend here. 120 is just a mini target. They'll tell you markets are turning bullish but give it 1-2 weeks until they start pumping out, "Gov...

kingdips Updated 

Watch AMD for a bounce at 97 on a market open fakeout. I already alerted puts (bearish) @ 108 and the stock is already down -8%. That's a large gain in 3 days. Watch for key reversal. If it doesn't reverse, can see a lot of volatility. Tagged the puts idea.

kingdips Updated 

👋 Full-time trader here. Posting out here free Forex analyses for you. Welcome to like, follow, & share. Thanks for your continued support. 👍 Scenario 1: Bullish Breakout Trendline-bounce plays can be dangerous if you're new to trading. It's always good to wait for confirmation. In this case, an ideal scenario would be to bounce off the TL's third touch...