CC is a great strategy exactly for this kind of situation. I did that with my Tesla trade, long the stock, short a call. So far it's working very well as the earnings euphoria has subsided. I should have done the same with TLT haha.
I need help lol. I've been making regular deposits into tlt as a way of saving money over the last 2 year. right now I'm slightly down. should i be concerned
@yuchenliu6062 If you want to invest in bonds long term, just buy bonds. TLT does not have the same leverage as bonds themselves. TLT is more of a trading vehicle IMO. Not sure where it's going from here TBH.
Massive green hammer candle on the weekly last week, but still under the resistance line. That keeps you neutral on TLT I'm assuming and see where we close next week, if we get back in the channel or stay underneath it for more bearish probability?
Yes, I'm pretty neutral since it could still go either way. I'm using a wait and see approach. In the near future if the price drops lower than last week then that's pretty bearish. The price has to get back above the 21 weekly moving average before I'm bullish again. The last time we saw a weekly green hammer this big was in June 2022. It rallied a bit for a few more weeks and then crashed 24%.
Interesting take. Why do you think it will go up from here? You were correct as of yesterday. But now things are unsure. The election results probably has an impact on TLT with trade tariffs being inflationary.
@Freedomthirtyfiveblog betting on higher longer term yield means you're against US economic growth. The FED will step in to suppress the longer term yields. Today is btd imo
TLT +1.5% premarket. It appears that Friday red candle may have been a fakeout? Would love to hear a comment on today's price action after the close if able. I like your channel!
Yes, it may have been. We won't know until weeks later. Even though TLT went higher today it still made a red candle. This gives bears the opportunity to push it down again tomorrow so we'll see if that happens. One day's price action doesn't mean much when trading on the weekly time frame. But for now it appears the price is still below the upward support line, which is now a resistance line. As long as it remains below this line the price is more likely to resume to the downside.
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
Yup, TLT was tough for me too. Kudos for sticking to your trade rules. That’s always the most important part.
There's always another opportunity next time. I don't know if selling was the right move for me, but don't want to risk a bigger loss at this point.
Great video! Spot on forecast, thanks, now could you give us an update for TLT?
Pain, tough place. Covered calls can keep you in the game. Thanks for the insights. Sorry for the losses. It's real, the dividends help though.
CC is a great strategy exactly for this kind of situation. I did that with my Tesla trade, long the stock, short a call. So far it's working very well as the earnings euphoria has subsided. I should have done the same with TLT haha.
Bad exit. Need to wait for confirmation of the breakdown of support.
You could be right. Let's see if we get that confirmation by Friday. It's election week. Anything could happen.
I need help lol. I've been making regular deposits into tlt as a way of saving money over the last 2 year. right now I'm slightly down. should i be concerned
@yuchenliu6062 If you want to invest in bonds long term, just buy bonds. TLT does not have the same leverage as bonds themselves. TLT is more of a trading vehicle IMO. Not sure where it's going from here TBH.
I switched my position from TLT to SPY when this video came out, I just needed that extra push, thank you!
Great move, Bob. I'm sure that worked out for you. :) TLT will bottom eventually and we'll have another chance at it.
Massive green hammer candle on the weekly last week, but still under the resistance line. That keeps you neutral on TLT I'm assuming and see where we close next week, if we get back in the channel or stay underneath it for more bearish probability?
Yes, I'm pretty neutral since it could still go either way. I'm using a wait and see approach. In the near future if the price drops lower than last week then that's pretty bearish.
The price has to get back above the 21 weekly moving average before I'm bullish again.
The last time we saw a weekly green hammer this big was in June 2022. It rallied a bit for a few more weeks and then crashed 24%.
Technical analysis is shit 🎉 Thanks, man ! I have 5,328 shares and 2,664 more to buy
Those are rather specific numbers.😅 I guess you don't mind trading odd lots.
@ The biggest odd in trading is human behavior (Today, A.I. behavior) >__< Yet, you still use Voodoo trying to pretend those behaviors, please.
What if FED reduce interest rate. Will go back to 100$?!
It would depend on the reason. If the FED cuts the interest rate because inflation drops a lot then TLT should go back up.
I believe the bottom is in.
Interesting take. Why do you think it will go up from here?
You were correct as of yesterday. But now things are unsure. The election results probably has an impact on TLT with trade tariffs being inflationary.
@Freedomthirtyfiveblog betting on higher longer term yield means you're against US economic growth. The FED will step in to suppress the longer term yields. Today is btd imo
TLT +1.5% premarket. It appears that Friday red candle may have been a fakeout? Would love to hear a comment on today's price action after the close if able. I like your channel!
Yes, it may have been. We won't know until weeks later.
Even though TLT went higher today it still made a red candle. This gives bears the opportunity to push it down again tomorrow so we'll see if that happens. One day's price action doesn't mean much when trading on the weekly time frame. But for now it appears the price is still below the upward support line, which is now a resistance line. As long as it remains below this line the price is more likely to resume to the downside.
Mr Market hates you bruh 😭😭
Story of my life. 🥲
Lol, sold on bottom, this is when you buy and don't know why
A month later, TLT is bullish.
Big mistake
Poor analysis
Sell low :P