PDEMDHC said:

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Gaeilge said:

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Pretty decent call buying on SMCI. Above 33, and it can get some stretch.

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Exploded back to 32.60. Let's go baby!

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How are your children feeling today? It was you that mentioned that they had the flu, correct?

Heineken-Ashi said:

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PGAG said:

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I'm an extreme novice at trading. Is there an online class someone can recommend? I see a lot of recommendations for books as well. Is that a better option?

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You will learn a lot here. When someone posts a trade idea, look at their chart or ask why they are doing what they are doing. Note their targets, stops (some don't set stops, would highly recommend not following them if you dont know the risk involved), strategy, and style. Follow-up with it regularly. Ask questions along the way. Start to develop your own gameplan and style once you start to recognize patterns, setups, fundamental viewpoints, etc. Log all ideas, entries, exits, successes, and failures. Continually revisit your log to try and figure out what went right and wrong.

Nobody got successful reading a book. I highly recommend reading books, taking courses, watching videos, being a sponge. But you wont get good that way. Successful trading takes years of study, practice, application, failure, recalibration, adapting to new things you learn, etc. None of us here who consider ourselves successful at this got there from doing what someone else does. I personally spent a decade learning fundamentals, technical trading, and failing hard at every step before I found a methodology that worked for me. Even then, it took nearly half a decade to learn the exact strategies that Im good at and that work best for me. And I NEVER stop learning or seeking out new things.

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I admire you guys that trade like this. I simply do not have the time to learn a skill like this with a job and hobbies that consume too much of my time, I just stick to my simple portfolio and have done well(as long as VTI, VOO and VUG keep rising, I am happy). I lurk on this thread though to just see what people are discussing and will continue to live vicariously though you all. Happy trading!

Gaeilge said:

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TRUMP: WE HAVE FORMED FRAMEWORK OF A FUTURE DEAL WITH RESPECT TO GREENLAND

— *Walter Bloomberg (@DeItaone) January 21, 2026

🚨 TRUMP: BASED UPON THIS UNDERSTANDING, I WILL NOT BE IMPOSING TARIFFS THAT WERE SCHEDULED TO GO INTO EFFECT ON FEBRUARY 1ST

TRUMP: SAYS AFTER RUTTE MEETING: WE HAVE FORMED FRAMEWORK OF A FUTURE DEAL WITH RESPECT TO GREENLAND

— *Walter Bloomberg (@DeItaone) January 21, 2026

No tariffs will occur

Rocketship engaged...

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These near daily swings on our stance re: huge international tariffs is totally normal, the last thing I would ever suspect is intentional market manipulation

It's amazing how Joe Kernen stops chewing rocks and can articulate when he's hosting an interview the world is watching.

I've wondered how crazy it would be for the government to release news strategically while long or short on the market to pay off the national debt.

ProgN said:

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PDEMDHC said:

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Gaeilge said:

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Pretty decent call buying on SMCI. Above 33, and it can get some stretch.

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Exploded back to 32.60. Let's go baby!

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How are your children feeling today? It was you that mentioned that they had the flu, correct?

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Thats me. thanks for asking. On day 5 with my daughter and day 4 with the twin boys. We think they may all go back to school tomorrow… just in time for the ice storm. Thankfully no adults sick so we managed best we could.

He does not give a **** on Morning Squawk

I snagged some ADBE calls for 295 for fun because of this, hopefully the momentum keeps ripping through end of week!

I sold my ARM for 5% gain. Had a pretty massive position and prefer to be more risk-averse here. Will jump back in if setup to upside becomes more clear. Days like today where algos react in every direction from mouth jabbing, coupled with SPX sitting near the GT level and bullish flows trending lower recently tell me to go to mostly cash and be patient.

Hoyt Ag said:

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I admire you guys that trade like this. I simply do not have the time to learn a skill like this with a job and hobbies that consume too much of my time, I just stick to my simple portfolio and have done well(as long as VTI, VOO and VUG keep rising, I am happy). I lurk on this thread though to just see what people are discussing and will continue to live vicariously though you all. Happy trading!

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I bolded the part of your post that I'm referring to. I mean this respectfully, but you are wrong and sell yourself short. The market isn't hard once you find a method that works for you. The 2 hardest things to overcome is emotion (fear/greed) and staying disciplined. I still fight those urges everyday after over 3 decades in the market. You've done well in those positions in a raging bull market, but can you reposition yourself when the music stops? Friendly advice, stop discounting your ability, keep DCAing in what you do but open a Schwab account that will give you TOS for free and click on "paper trading" to test things without the risk of losing real money. Find a method that works for you and stay disciplined to your methods, treat it like is was real money. The stock market is the greatest instrument to wealth creation and freedom. God forbid I was in a horrific accident and a quadriplegic unable to provide for my son. If my mind and experience is still working, then I could print a check and provide for him, even if someone had to enter the trades for me. That is a worst case scenario. The best case scenario is that everyone here are professionals but their mind can work for their families at the same time, like getting paid double. The choice is yours, but never say that you're not capable of doing it. Everyone on this thread can and most are.

PDEMDHC said:

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ProgN said:

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PDEMDHC said:

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Gaeilge said:

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Pretty decent call buying on SMCI. Above 33, and it can get some stretch.

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Exploded back to 32.60. Let's go baby!

---

How are your children feeling today? It was you that mentioned that they had the flu, correct?

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Thats me. thanks for asking. On day 5 with my daughter and day 4 with the twin boys. We think they may all go back to school tomorrow… just in time for the ice storm. Thankfully no adults sick so we managed best we could.

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That's good. Little ones bounce back faster from the flu. Covid was a joke for me, but the flu kicked my ass a few years ago.

Heineken-Ashi said:

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I sold my ARM for 5% gain. Had a pretty massive position and prefer to be more risk-averse here. Will jump back in if setup to upside becomes more clear. Days like today where algos react in every direction from mouth jabbing, coupled with SPX sitting near the GT level and bullish flows trending lower recently tell me to go to mostly cash and be patient.

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Sold mine around 4.2% gain. I'll take it.

Took some (fairly minimal) profits on some of my TQQQ when it started looking like it was gonna give it all back again.

Seems to be holding it together in AH though. Ah well.

Got buys down below at 52.50, 51.50, 50.75.

Sold my SOXL. Missed the peak but still gained.

Bought back into SLV at the dip, banking my gains from yesterday's sale.

Also bought back the GLD I regretted selling yesterday, but banked the gains.

Sold my IBIT at close when it spiked into the green.

Jeeper79 said:

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Sold my SOXL. Missed the peak but still gained.

Bought back into SLV at the dip, banking my gains from yesterday's sale.

Also bought back the GLD I regretted selling yesterday, but banked the gains.

Sold my IBIT at close when it spiked into the green.

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Just curious, but does '79' in your handle refer to your graduation year from A&M or your birth year?

Random question for the really active traders

Are yall setting aside a percentage of profits into certain accounts to cover EOY taxes? Trading in Roth? Just curious what some of you guys are doing

ProgN said:

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Jeeper79 said:

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Sold my SOXL. Missed the peak but still gained.

Bought back into SLV at the dip, banking my gains from yesterday's sale.

Also bought back the GLD I regretted selling yesterday, but banked the gains.

Sold my IBIT at close when it spiked into the green.

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Just curious, but does '79' in your handle refer to your graduation year from A&M or your birth year?

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Birth

JW_TXAG13 said:

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Random question for the really active traders

Are yall setting aside a percentage of profits into certain accounts to cover EOY taxes? Trading in Roth? Just curious what some of you guys are doing

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Im not nearly as active as others here, but all mine is in IRAs and a 401k. (I have a special 401k that doesn't lock me into specific funds.)

JW_TXAG13 said:

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Random question for the really active traders

Are yall setting aside a percentage of profits into certain accounts to cover EOY taxes? Trading in Roth? Just curious what some of you guys are doing

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Majority of my trading is in IRA's.

The accounts I have that are cash, if through October it looks like I have a tax bill I can't cover with money on the sideline, then I look at where I can scale out or sell to raise the money. I would say it's smart to set aside 25% of net profits at the end of each month for taxes. A down month could reduce it. Big up months could juice it.

Ag CPA said:

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It's amazing how Joe Kernen stops chewing rocks and can articulate when he's hosting an interview the world is watching.

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This! Lol. It's the first thing I noticed with that interview. It makes him look like a dope

wait, yall pay taxes? I kid, I kid...

JW_TXAG13 said:

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Random question for the really active traders

Are yall setting aside a percentage of profits into certain accounts to cover EOY taxes? Trading in Roth? Just curious what some of you guys are doing

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I do both. I trade in my Roth and also have a cash account where I keep 30% to the side each month when I gain, just in case. There are years where the overall gain is somewhat offset by some months being a loss, where the amount built up in that account ends up being a small return back in my pocket at the end of the year

Nice appreciate it fellas!

Not a thesis statement but Trump knows what he needs to do to prevent a nearterm market downturn and after his Davos speech it's apparent that focus is GDP growth. Seems that GDP growth can overpower fear if it contradicts the prevailing macro narrative, as long as the secondary variables stay in their lanes i.e. cap'd inflation and low interest rates going forward.

CheladaAg said:

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Not a thesis statement but Trump knows what he needs to do to prevent a nearterm market downturn and after his Davos speech it's apparent that focus is GDP growth. Seems that GDP growth can overpower fear if it contradicts the prevailing macro narrative, as long as the secondary variables stay in their lanes i.e. cap'd inflation and low interest rates going forward.

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If it prints a 5+ GDP then it's off to the races

ProgN said:

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Hoyt Ag said:

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I admire you guys that trade like this. I simply do not have the time to learn a skill like this with a job and hobbies that consume too much of my time, I just stick to my simple portfolio and have done well(as long as VTI, VOO and VUG keep rising, I am happy). I lurk on this thread though to just see what people are discussing and will continue to live vicariously though you all. Happy trading!

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I bolded the part of your post that I'm referring to. I mean this respectfully, but you are wrong and sell yourself short. The market isn't hard once you find a method that works for you. The 2 hardest things to overcome is emotion (fear/greed) and staying disciplined. I still fight those urges everyday after over 3 decades in the market. You've done well in those positions in a raging bull market, but can you reposition yourself when the music stops? Friendly advice, stop discounting your ability, keep DCAing in what you do but open a Schwab account that will give you TOS for free and click on "paper trading" to test things without the risk of losing real money. Find a method that works for you and stay disciplined to your methods, treat it like is was real money. The stock market is the greatest instrument to wealth creation and freedom. God forbid I was in a horrific accident and a quadriplegic unable to provide for my son. If my mind and experience is still working, then I could print a check and provide for him, even if someone had to enter the trades for me. That is a worst case scenario. The best case scenario is that everyone here are professionals but their mind can work for their families at the same time, like getting paid double. The choice is yours, but never say that you're not capable of doing it. Everyone on this thread can and most are.

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I think I first paper-traded in Scottrade. Didn't even do stupid *****..tried to make it real based on real information I had and real strategies I 'developed'. I constantly made money. It was literally one of those moments of 'if this was real money, I could quit my job and make more on a $100k account each year than I make 9-5ing it.'

As soon as I moved to real money, everything changed and I couldn't make a positive trade. I would literally buy a company and the next day they'd be under investigation or someone would sue them because they grew a 3rd eye from taking one of their drugs or Jim Cramer would recommend them as a buy.

Not really sure where people go to master the market, but I've never really found it.

JW_TXAG13 said:

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Random question for the really active traders

Are yall setting aside a percentage of profits into certain accounts to cover EOY taxes? Trading in Roth? Just curious what some of you guys are doing

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98% of my trading is in Roth and 401k accounts.

Absolutely, which he indicated

CheladaAg said:

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Absolutely, which he indicated

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Hearing folks start to drop hints of this, it'd be wild

When does it release next

I'm dead serious when I said reach out to Prog and let 30k review a trade or two. H-A also gave his advice regarding re wiring your brain for trading.

I won't argue against your word that you did the same thing and it only failed when real money went live. It's possible you paper traded in a melt up bull and switched to live money during a volatile period. But I would wager your subconscious psychological interaction with when to enter and what to trade changed the second the impulse to do so had real implications.

Progn isn't wrong. This stuff is 90% mental. And often times not even conscious mental. I told you to read The Socioeconomic Theory of Finance and I will reiterate it. Also "Trading in the Zone". Finance, accounting, business, law, medicine, etc.. it all goes out the window with trading. The logic and reason you think markets operate with is not a thing. You have to re-wire your brain. And you have to fight your own human nature constantly.

I wish I would have known this and read those books when I was 20. Instead, it took until was 34. That point only started the shift in my trading.

0730 tomorrow

I believe Lutnick said Q4 GDP would have been 5% but the shutdown may reduce it by 1.5%.