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Everything posted by Tractor
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I do a lot of DIY hobbies, cars, building things, lots of wood and steel and electronics so its gonna be a working garage. I made it big enough that I can get my 6x6 truck inside and do work on it. I built the workshop area to the side to be about 16x30 to give me space to put larger saws and keep some of my projects seperated. I'm planning to put the automotive tools against the back wall opposite the doors so that stuff can stay handy for the car work and I'll probably get a lift soon its not a high priority right now, but something I can use. For now I'll be getting the electric done. I have it 90% laid out in SketchUp and just have to get the EMT conduit, outlet boxes and wire. I do plan to insulate it and I'm thinking I'll go with 1-2" reflective rigid board insulation. Then I'll probably do something to get some AC in there for the hot months. My youngest daughter just turned 10 and loves to do DIY stuff so she's gonna be building and learning in there as well. My other one is a princess so she's just hoping the garage means I fix my Cadillac so she doesn't have to ride to school in a minivan.
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They ended up finishing in a little over 8 hours.
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Thats possible, they are certified engineered for the codes here to exceed 140MPH wind load. Once they are done, I'm installing the electrical panel and pulling the service cable through the conduit I installed and maybe I'll have electricity to an outlet this weekend. Right now I'm messing around in sketchup trying to figure out how I'm gonna attach the electrical panel to the wall. Right now I'm either gonna frame it in somehow with metal tubes/studs or angle iron or maybe do something similar, but mount it to a wooden backboard. I'll need access to the sides of the panel to attach EMT conduit so that adds a little bit of thinking to get it rolling.
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I agree, but that's how they do these down here.
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Guys are moving along pretty fast. I planned for it to be two days but they might finish in one.
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I'm like that too, I spent 35 years of my life with full sinuses and as soon as I moved south I realized people actually do breath through their noses. Wife's the opposite so she's kind of annoyed;-)
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Been waiting on rain to clear out and finally was able to get the guys out to put the garage up. They started unloading the truck after 7am and got it this far by 9. Wish I could help, but they know what they are doing. 2
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Right there with you dude. My installer just called today and are coming tomorrow. It's all steel so I should have a structure by the weekend.
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The sad part is there's a ton more people who have no idea and probably did their first stock purchase in the last week or two because of some guys on an internet forum telling them this is going to the moon. Notice the chart today, the morning bottom was exactly when I said in my earlier post that we are probably near a bottom. If you bought right then and sold within 2 hours you got around a 50% gain. That will happen tomorrow as well at about the same time though probably not as big of a move most stocks do that about 10:30-11:30 after big morning moves or news that drives volume. Afternoons are usually pretty flat which is exactly what we saw today. Yeah I talk a lot, I know. Truth is I've had a rough decade and have only recently recovered financially and as I said I consider the world to risky right now to risk the money I have been able to save and I'm planning my next moves very carefully involving my business, etc or I'd be all over this, but working against it and making money on the small price movements.
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If you guys want to know how to make consistent money in the market this stock is a great example since everyone's been looking at it carefully. Look at it on a 15 day chart. If you ever see that "parabolic" appear on a stock its about to tumble so short it. No stock can go up forever and as things move further from the DMA they get more likely to go back towards that DMA. Its kind of a constant and these parabolic charts are how you make money beyond just being lucky enough to be in a stock before it all happens and then smart enough to actually take the profit as an amazing gift.
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I think your on to it, If the truth came out, this looks and smells exactly like a pump and dump executed by some people on reddit, the justice warriors just added icing to the cake. I'm willing to bet the instigators sold last week and are basically required now to stay on the forums "leading the charge" to keep it going or they basically did something illegal. Think about it, they can't really come out and say "gotcha suckers". They'd be killed or at the very least in courts for years and likely jail. Trust me I see this all the time and have even learned through loses of my own over the years. 1) load up a bunch of shares 2) use your reddit following to pump a stock that has shorts in it heavy and create a false goal of creating an artificial short squeeze (to the moon!) 3) it actually works better than you expected so you double down your bullshit 4) take profit 5) try to avoid prison
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Usually when that happens they are planning to block short attempts because they know something is heading for a nose dive. Its just another way us retailers get limited in how efficiently we can earn in the market. Of course they blocked it after the huge drops today that the fund managers needed.
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I know, I'm getting the same here. I left Ohio mainly for the cold rainy muddy part, I don't mind frozen and snow on the ground and the summer can be warm if its not raining every few days to keep the ground wet. Here we get some weather push down from the north like we've been having the past few weeks, but 90% of the year is excellent. Summer gets really hot, and I live in a swamp so its very humid, but in 10 minutes I can be swimming in the ocean. Downside is you have to have sun screen on to be outside after March if you burn easily.
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Here's how it works if you're up dump your shares and take the gift that the market has given you. Don't try to hold for Grand slams some people get them but it would be better to take the profit you got and buy when you think there's another good entry point and if you're right sell that when you're in some good profit or at least for God's sake set a stop loss.
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As you can see the day traders are in the stock now and making waves today and taking profits on both sides of the coin. I normally consider 1-2% in a half hour to be good gains. People are day trading this and doing as good as 50% in the past two hours. 10-20% several times up and down.
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As I said I make the majority of my successful trades as shorts and that huge vertical wall before the weekend was very tempting. I didn't place a short because all my money is considered to valuable to lose right now and saved incase my business doesn't do well for the next year. Looks like I'd have made out good on it though. I'm not going to do any fast volatility trading but I suspect a bottom will form any moment and getting in now and then getting out maybe close of day or in a day or two you might gain a good percentage. Though definitely sell it and immediately enter a short position when you see a top form you could ride this two or three more times but it would take study.
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I read the whole theory over the weekend and it sounded good to the novice but they forgot to add in things the company's and shorts could do to help their side. I think they went overboard getting major media involved but with tens of billions on the line I don't blame them but don't like it either. Shorts can also read charts and put in short positions at the top and ride it down negating their losses. They are called "hedge funds" after all.
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I'm not sure if some of you realize it or not but this has been exactly what happens in penny stocks all the time. Except this time there was a component trying to be a type of justice warrior. Textbook pump and dump, I've been doing this for 25 years. This time all parties tactics have been exposed and many times more noobs have been involved but it's the same thing that normally only a small fraction of traders see routinely. I told someone Thursday that the charts don't support "massive" higher prices and I expect a large correction before anything goes higher. The reason for this is simple, each investor had his own goals fears. As prices move higher people get greedy and get in and some people get out taking great gains. As prices move lower people get greedy and sell while they are ahead or got in at wrong time and sell because they lost and a stop loss got hit. As price continues down more people get out or stops execute and people get auto removed. It's all completely explainable. Then theres manipulation and that's normal too and an experienced trader factors that in.
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It's so bad in ohio it's spilling over to me. Fuck winter
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Market makers and brokers don't have to execute your orders at the price you think and in any stock it's called slippage and happens with any trade. I trade for extremely thin margins all the time and see it constantly. With a stock as volatile as GME right now they could manipulate your amateur sell orders and blame slippage easily. Part of the market makers job is to keep the trades following and I'm sure they get paid to make sure the big boys get top priority over joe noob.
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Noticed this one on facebook marketplace, I see some interesting stuff down here all the time. https://www.facebook.com/marketplace/item/1065710037186421/?ref=browse_tab&referral_code=undefined
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At the end of the 90's when online trading became possible to the masses they changed the rules to increase the minimums you had to have in your accounts to be allowed to engage in day trading. They put a stop to people taking a few thousand dollars and making a fortune through consistent hard work and research. I figure they will do something similar.
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That would work except no one is twisting any arms to force the big boys to buy to cover and likely won't. One benefit to locking up trading is to slow the rise and inevitable fall of the price and sort out the mess before the little guys realize they should have exited.
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As I said my trades are in/out in 15 minutes which mostly eliminates risk, but also you don't get huge gains, but thats not my goal, I watch who's up for the start of the session and watch until around 10-11:00am. Usually if a stock is up 2-3% above its usual trading range, ie 15DMA and its also been trending down over a 100DMA then its actually in a down trend with a slight bump for the day. Its best to do it with stocks you've been watching for a few weeks so that you've gotten the feel for their normal behavior, but it could be done with just about anything except the risk goes up as you are trading the unknown. I do this to grab a 0.5-1.5% profit, I haven't gotten to do it often lately I've been focused on my business and getting well, I've been telling my wife I need to get back in to it fulltime. I use the TD Think or Swim platform and have it all dialed into how I trade, if you don't use it, you should get it and learn it. Its extremely powerful and pretty much the best beyond getting into coding and learning something like Tradestation to get extremely serious.
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Pretty much... I make 60-65% of my trades as shorts, its risky to hold very long, but I'm usually in/out in 15 minutes. The sad part is I leave some unsuspecting noob holding the bag so watch out. It seems like the big boys are pissed about what happen lately due to some mass trading via Robinhood, etc however they do have a good case because anytime I see a stock rise to quickly its a perfect signal for me to get in and short and profit is all but guaranteed when you see something move to far to fast beyond a moving average. Some of you made some good profit on some things lately, but remember to take the profit, some people got in a little late and will not realize it until they are down 50-80%, thats part of what they try to prevent by stopping trading. No one wants in the news the thousands of people who lost a ton bitching about how unfair the market is. That would cause people like our senators to get involved and make rules to prevent it and that would suck and you better believe the game would get rigged in favor of the companies.