very key day for $TSLA today. Longs are positioned HUGE on the 700C (again). So u already know what the gameplan for MMs is (attempt to bag the 700C or panic cover/hedge).
So if they fail to bag the 700C today = grab calls for the squeeze.
If they succeed = grab puts
0 bias
$TSLA Hope everyone capitalized nicely off the delta hedging/call covering squeeze . As always remember to avoid the usual “into the close” shenanigans (remember market is closed tomorrow so today is a pseudo expiration friday pretty much).
Cheers 🍻
$TSLA anddd here goes the post squeeze wrecking of the 700C, to crush whoever was still holding and to cover the rest of the short calls. From a high of $19 this morning to a low of $1.30 just now. Same tactic as dec 19 all over again. You simply cant make this shit up 😂😂.
$TSLA 700C end of day. compare this chart with the 650C from dec 19 tweet/thread. starting to click yet?
$TSLA fwiw we got the confirmation premarket that option dealers did cover a ton of the 700C into the close on thursday.
99% chance they also covered a bunch of additional calls today.
For this week, the 750C are the focal point (all the longs are there). So plan accordingly!
$TSLA the 750C writers are super fucked. Im betting they'll cover at least 2K contracts today, just like they covered a bunch of the 700C on monday. I almost feel bad for them. Without a significant negative catalyst, the demand on this beast will continue to compound.
$TSLA fwiw, they covered a whopping ~13,000 contracts of the 750C ystd. & I was calling for at least 2K". they were even more fucked than i thought 😂. Pure comedy.
PS: Elon surpasses Jeff bezos & becomes the richest man in the world today if $TSLA closes strong. unreal times.
$TSLA calls have almost made the month for me already, & it's only jan 8. Why any LC or option trader would trade anything else day after day is beyond me. Bent call sellers/shorts are literally giving us chunks of their accts every morning. UNREAL
So far the 750C sellers already provided over $1.3B worth of demand (minimum).
The 800C sellers provided at least half that
And that's not even counting those bent on the common
Keep milking the "Grab calls on weakness when shorts are fucked" AM setup until it stops lactating
And for all the "wHaT dO U MeAn bY 'mOrNiNg wEaKnEsS" motherfuckers, STOP being lazy & just study $TSLA price action in the AM every time shorts & call sellers are fucked. notice a trend??
Load up on calls into the weakness, take profits on pops. Return to cash b4 the close.
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The 1st step to improve your trading is to stop lying to yourself. You don't suck at trading because of bears/pumpers/ marketmakers etc. You stuck at trading because of:
We live in a society where at the FIRST sign of failure/struggle, people's FIRST reaction is to blame someone or something else. The most important skill to master in this day & age in order to be good at ANYTHING, is the ability to shut the f**k up and look in the mirror.
if u are fat it's because u eat more than u move. PERIOD.
u are frail b/c u dont lift weights consistently. PERIOD.
u are dumb AF b/c u dont read enough. PERIOD.
u struggle at trading b/c SOMETHING is wrong with YOUR process.
🐻This is where every shortseller tries to decide if he should add to winner (on the bounce into trendline) , take profits, or start shitting his pants.
🐂This is where every Bull bagholder decides if he should sell for small loss or hope for squeeze
@__shaka_zulu__ This is some bullshit. That turnover is gonna cost us this game. how the fuck do you fumble on 1st and goal with THREE fucking yards to go
@__shaka_zulu__ 🏈 $LIONSQ is squeezing the fuck out of us 😩. hoping for the late day fade setup to kick in in the final quarter
To maximize accuracy (win rate), you must wait for confirmation.
Confirmation means that you're letting the smart money move the trade in your favor (or stop the momentum) BEFORE u commit size.
This automatically means that u'll have to enter a bit "late". cant have both
To maximize profits (high reward) aka capture the majority of the move's range, you have to get in BEFORE the move starts (when no one wants the stock).
This automatically means that u must risk getting stopped out early by MMs or being wrong on ur thesis (since no confirmation)
High Spatial IQ will help you learn trading faster ONLY because it'll help you recognize patterns faster. But that's about it. Once you learn how to trade, high spatial IQ is useless.
High overall IQ can actually buttfuck u in trading b/c:
1) it'll make u overcomplicate trading
2) the ego that comes with high IQ will make it harder for u to manage risk, since smart ppl hate admitting that they're wrong. So they refuse to stop out or they revenge trade a lot
Ive taught many ppl how to trade, and ironically the smartest tended to struggle the most, because they were just too stubborn to keep things simple or stick to the plan. Meanwhile the low IQ motherfuckers tended to perform better b/c they just executed. No overanalyzing BS