TheProfitcy

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About me Twenty one years old, born and raised in Las Vegas, now a resident and devout New Yorker. Received my CMT II designation at age nineteen, Series 56 at twenty one. Currently trade equities intra-day, and options overnight.
Last visit Joined 2 years ago New York City, New York IntraJayTrader www.theprofitcy.wordpress.com
Faber Est Suae Quisque Fortunae
Markets Allocation
100 % stocks
Top Mentioned Symbols
DAL 28% | 2 BBY 14% | 1 GS 14% | 1 MRK 14% | 1
TheProfitcy TheProfitcy MCD, W, Long , 2 years ago
MCD: MCD Long; 150EMA Support - Risk:Reward Of 62:1
73 0 0
MCD, W Long
MCD Long; 150EMA Support - Risk:Reward Of 62:1

This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a ...

TheProfitcy TheProfitcy USO, D, Short , 2 years ago
USO: US Oil Short From Bullish Flag; High Risk:Reward Ratio
117 0 2
USO, D Short
US Oil Short From Bullish Flag; High Risk:Reward Ratio

USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit ...

TheProfitcy TheProfitcy DAL, D, Long , 2 years ago
DAL: DAL Long - Consolidating Flag (Bull); Risk:Reward > 10:1
43 0 1
DAL, D Long
DAL Long - Consolidating Flag (Bull); Risk:Reward > 10:1

The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46 ...

TheProfitcy TheProfitcy DAL, D, Long , 2 years ago
DAL: DAL Long - Bull Flag Consolidation
41 0 0
DAL, D Long
DAL Long - Bull Flag Consolidation

The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46 ...

TheProfitcy TheProfitcy GS, D, Short , 2 years ago
GS: Goldman Sachs Short - Overbought Momentum Loss
32 0 0
GS, D Short
Goldman Sachs Short - Overbought Momentum Loss

Goldman Sachs is a short to me here on the daily for a quick short. I'll disclose now that on the Weekly chart I am long based on the giant indented head and shoulders and the smaller head and shoulders that makes up the right shoulder. That is in my IRA however, as I do not purchase stock (writing covered calls) in my trading account simply because it ties up too ...

TheProfitcy TheProfitcy BBY, D, 2 years ago
BBY: BBY Earnings Play; Unbalanced Iron Condor W/ $0 Upside Risk
100 0 1
BBY, D
BBY Earnings Play; Unbalanced Iron Condor W/ $0 Upside Risk

BestBuy has been consolidating since the beginning of July. Earnings are due tomorrow before the opening, and our IV% is at 56%, so I am looking for a play here to collect a credit. Historically looking at BBY we can see usually see a slightly bullish move after earnings (EPS, which is usually beating estimates). Because of this, and being at the top of this ...

TheProfitcy TheProfitcy MRK, D, 2 years ago
MRK: MRK Tight Consolidation Break - Long/Short (SAR)
58 0 1
MRK, D
MRK Tight Consolidation Break - Long/Short (SAR)

As I point out in the chart, MRK is in a very tight consolidation here. With the RSI holding inside of bullish territory after it's recent bounce off the 150EMA it has run into previous resistance. This resistance coincides with a sort of ascending triangle based on the higher-lows it has been making since March '14. This pattern comes to us after a long run up ...

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