Wynn starting to drop
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Last: 18 hrs ago by Quacked
chrisfield
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You guys got nothing on me. I shorted LADR this morning about 10:00am. Yeah...
Amen. I can't tell you how many times you see "I should have sold" in this profession.Harkrider 93 said:
For the you and others asking on should I sell and capture profit:
OldArmy can correct me, but the reason why he has been so successful is that he follows the rules he made. Once the stock hits his target (model T, etc) he sells.
You need to do the same. If you try to use gut/emotion for every buy and sell, you will likely do worse than following the rules.
I don't know what I am talking about right now. I am working on building rules for myself.
Prices move up and down. When a target is reached you follow the discipline and don't care about further action. Amazing how many times those continuation pushes fall hard and you're left saying "what was I thinking?!".
ZOMBIE MARKET
Oh no.chrisfield said:
You guys got nothing on me. I shorted LADR this morning about 10:00am. Yeah...
hedge_zer0 said:AgOutsideAustin said:
Texags B&I called it and I was wrong the bottom has been set and it's a clear bottom so BUY BUY BUY !!!
-Lee Corso
That's right folks my Model Yugo data point is saying BUY BUY BUY !!!
Youngsters can google Yugo.
It was an opportunity to punish some lesser capitalized bears. Really nothing more but momentum will carry us to Model T almost as certain as the sun rising in the east. So we play with them.hedge_zer0 said:
ZOMBIE MARKET
chrisfield said:
You guys got nothing on me. I shorted LADR this morning about 10:00am. Yeah...
Thanks for posting this. Sorry to hear but makes me feel better for selling my $5 calls for .50 yesterday.
chrisfield
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I'm here for you guys. Until I run out of money. Which may not be that long at this rate.
Do not short in this market. If we close in on Model T then as you sell your shares buy a shorter term Put 10% below exit price and if we begin a hard wave down you either profit on the downside with the Put or convert it into a short.
What number of days do you suggest? 15-30?oldarmy1 said:
Do not short in this market. If we close in on Model T then as you sell your shares buy a shorter term Put 10% below exit price and if we begin a hard wave down you either profit on the downside with the Put or convert it into a short.
Anything worth buying in the next day or two even with everything already high?
im sorry what is Model T?
wait until we bottom
Stimulus Question:
"Payments will phase out at a rate of $5 per every additional $100 in income over $75,000 in adjusted gross income for singles, $112,500 for heads of household, and $150,000 for married couples filing jointly."
Am I interpreting this right that if you filed as a head of household (Single with a kid basically), that you get $1,200 if your income was below $112,500 then for every $100 after that it will reduce by $5. Which would mean the threshold for HOH getting any money is $136,500?
"Payments will phase out at a rate of $5 per every additional $100 in income over $75,000 in adjusted gross income for singles, $112,500 for heads of household, and $150,000 for married couples filing jointly."
Am I interpreting this right that if you filed as a head of household (Single with a kid basically), that you get $1,200 if your income was below $112,500 then for every $100 after that it will reduce by $5. Which would mean the threshold for HOH getting any money is $136,500?
5th time today SPY is trying to break 259
chrisfield said:
You guys got nothing on me. I shorted LADR this morning about 10:00am. Yeah...
Man, that sucks. The REIT's are in terrible shapre, but you're just too early.
It's like the movie Gladiator, in the last scene Caesar shanks Maximus before the gladiator match, but before Maximus slowly bleeds to death, he kills Caesar.
If you have the solvency to hold the short for a few months, you could be alright. Also shorting LADR was a bad idea because of the upcoming dividend on April 1, which you'll be on the hook for.
I'm holding some Jun 19 $JNK $80 puts that were up big until the last few days. Didn't quite get to net free now almost back to even. Thoughts on whether well still see a lot of default in the junk bond market? Or does the bailout remove some of that risk?
If this is truly going to be a retest then it is nearly impossible for a market to last a week near its parabola top. Go cheaper puts with a 1 week, 2week max horizon.Rice and Fries said:What number of days do you suggest? 15-30?oldarmy1 said:
Do not short in this market. If we close in on Model T then as you sell your shares buy a shorter term Put 10% below exit price and if we begin a hard wave down you either profit on the downside with the Put or convert it into a short.
GPMT - Up 311%
Rejected againAgShaun00 said:
5th time today SPY is trying to break 259
can somebody with much greater knowledge than me explain why the market is going up after 3.1 million are unemployed
Fancy made up term for a 50% retracement of a major directional trend move that occurred.hedge_zer0 said:
im sorry what is Model T?
If the S&P can't crack 2600 today, 3/27 255P are on my radar at the closeAgShaun00 said:
5th time today SPY is trying to break 259
is there the goalpost on the minute chart for SPY. First one was green, second red?
Okay, I chickened out and sold the other two. Netted out at 688% gain. Really needed that to offset some of these puts I got goin on.Touchless said:Sold 3 of the 5. Holding the other 2 until it either gets to $12, or drops back down to $7IrishTxAggie said:This is not the environment to be overly greedy in. I left ~$10k on the table selling out of all of my LADR calls, but I look at as I made ~$5k. Cover your costs and take some profits. Leave some for a runnerTouchless said:
LADR 5/15 $5C $0.5
Not sure if I should get out and take the winnings or let it ride out. Feel like there will be a retraction on it but a month and a half out has a lot of room to run. Just wish I'd bought more of them.
I've always been told to follow the herd!!!All A&M said:hedge_zer0 said:
can somebody with much greater knowledge than me explain why the market is going up after 3.1 million are unemployed
Momentum trading?
oldarmy1 said:Fancy made up term for a 50% retracement of a major directional trend move that occurred.hedge_zer0 said:
im sorry what is Model T?
Should have called it the "halfback"
Anyone playing the Airlines?
Read a good report talking about Delta being in good positioning to manage this downturn. The analyst lifted them to a speculative BUY.
Read a good report talking about Delta being in good positioning to manage this downturn. The analyst lifted them to a speculative BUY.
Some estimates were 5+, so that was priced in. therefore 3.1 brought the market up, plus the stimulus bills moving closer.hedge_zer0 said:
can somebody with much greater knowledge than me explain why the market is going up after 3.1 million are unemployed
Sometimes right off the cliff!george1992 said:I've always been told to follow the herd!!!All A&M said:hedge_zer0 said:
can somebody with much greater knowledge than me explain why the market is going up after 3.1 million are unemployed
Momentum trading?
Big time. I got out of what I had left earlier today. Crazy ride the last week.tam2002 said:
Wynn starting to drop
So would you character that as like a W chart (never heard of this so I'm making it up. You hear of V or U bottoms, but perhaps a W is more appropriate with the temp reversal)? Steep drop, 50% back to where it was and then another quick drop back to the bottom before returning back to the original starting point?oldarmy1 said:Fancy made up term for a 50% retracement of a major directional trend move that occurred.hedge_zer0 said:
im sorry what is Model T?
I've been trying to understand the math on this as it's been mentioned on the thread countless times. Is this accurate as an example? Start at $200 --> $100 --> $150 --> $100?
Looks like the most recent level of support was around 64.50ish, with a gap to about 59 if it doesn't hold there.aginlakeway said:Big time. I got out of what I had left earlier today. Crazy ride the last week.tam2002 said:
Wynn starting to drop
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