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McInnis 03
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2:58p, 5/29/20
AG
Exited the fly for a double up even though it was outside the money range. I'll take it.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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$30,000 Millionaire
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2:58p, 5/29/20
AG
ok, now i'm demoralized.
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Mr President Elect
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2:59p, 5/29/20
AG
gotta quit following the roku weekly's. getting slaughtered on those
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UpstateAg
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In reply to $30,000 Millionaire • 2:59p, 5/29/20
AG
We have all weekend for China to retaliate.
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texagbeliever
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In reply to texagbeliever • 3:01p, 5/29/20
texagbeliever said:
My thoughts on what happened today:

1. Algos had a triggered sale with the tweet on Trump giving a message to China.
2. Human traders had 2 choices
A. Fight the algo sell off (unlikely because it is now bears + algos vs bulls)
B. Sell into it hard and trigger retail traders to sell or hit their stop losses.
3. Today plan b was executed. This allowed the opportunity for big money to absorb shares at discount prices. Bears might have seen the opportunity to cash in their shorts and flip sides.
4. To prevent a bigger selloff and crushing the newly acquired discounted shares big money bulls fought to keep close to the index at close.

5. This sets us up for an interesting friday.
A. Market opens close to flat and trends down early. Trump's message isnt too critical and the market sees a quick rebound to 305.
B. Market opens up down a percent or 2. It keeps a tight band up and down before breaking up following Trumps press conference. Close around 303 or 304


So close.
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Rice and Fries
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3:01p, 5/29/20
RUBI and GLD bringing me into green for the week. Happy bout that.
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Grown Pear
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3:02p, 5/29/20
AG
WOW!! Watching my AAPL 320 covered call was nerve racking to say the least. It was hovering around 320-321 with 10 minutes left and luckily we saw a dip down. Was so close to buying it back to close but let it ride to the end. 317.50 would have been called but the 320 was safe and pocketed 2.11 in premium from yesterday.

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topher06
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3:02p, 5/29/20
AH SPY up to $305.25. Doesn't mean much, but feels good to see the rally continue.
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ProgN
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In reply to 59 South • 3:05p, 5/29/20
59 South said:
In! How about the Hippodrome in London when it opens back up?!?
I'm in the middle of a vicious divorce and custody battle for my son, Europe is off the table for me for at least a year.

Vegas or Louisiana is more my neighborhood until I deal with this issue. Good lawyers are EXPENSIVE! Hell, I wouldn't put it past them watching the stocks I trade.
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Spaceship
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3:06p, 5/29/20
AG
I sold a bunch today and went from about only 20% cash to 60% cash in my portfolio. I've made good money lately and content watching more from the sidelines now. The rapid recovery has me a little uneasy on where we're headed the next couple weeks.
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$30,000 Millionaire
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In reply to UpstateAg • 3:07p, 5/29/20
AG
UpstateAg said:
We have all weekend for China to retaliate.
Retaliate for what? cutting WHO funding is not a strong move. China can see right through his bluff, and they probably expected HK would get the same treatment as the rest of China if they made it the same as Beijing. At the end of it all, China knows Trump won't do anything and so does the market.
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ProgN
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In reply to Mr President Elect • 3:09p, 5/29/20
willjohnathan said:
gotta quit following the roku weekly's. getting slaughtered on those
ROKU weeklies can be dangerous.

JMO, if you want a lotto play, look for July or later $150c.

ROKU is lining up for a "golden cross" and if it happens, you'll be rewarded for your minimal investment and patience.
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oldarmy1
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In reply to topher06 • 3:10p, 5/29/20
AG
topher06 said:
AH SPY up to $305.25. Doesn't mean much, but feels good to see the rally continue.
$305.59
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ProgN
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In reply to UpstateAg • 3:13p, 5/29/20
UpstateAg said:
We have all weekend for China to retaliate.
There will be no retaliation.
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$30,000 Millionaire
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In reply to ProgN • 3:14p, 5/29/20
AG
agreed.
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UpstateAg
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In reply to $30,000 Millionaire • 3:14p, 5/29/20
AG
Retaliate for loving freedom.

It was a joke. I'm more demoralized than you. Missed Tesla and I'm carrying a short on nflx into the weekend.
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topher06
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In reply to oldarmy1 • 3:15p, 5/29/20
I'll see your $305.59 and raise to $305.74. Hope you held onto that 307 call, would probably make that trade a grand slam on Monday (you mentioned you already cashed puts at least twice on the same trade).
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0708aggie
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3:20p, 5/29/20
AG
OA when are you starting your hedge fund. I have money that needs to come your way.

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tramaro1
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In reply to UpstateAg • 3:21p, 5/29/20
AG
UpstateAg said:
I watched Tesla all freaking day. Finally go to get dinner groceries and it goes insane.

I got a $900 call for next week on that last pullback, hopefully that baby runs.
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McInnis 03
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In reply to tramaro1 • 3:23p, 5/29/20
AG
tramaro1 said:
UpstateAg said:
I watched Tesla all freaking day. Finally go to get dinner groceries and it goes insane.

I got a $900 call for next week on that last pullback, hopefully that baby runs.
The pro traders I've been paying attention went really bullish on TSLA today.

The head guy bought Vertical Call Spreads of 850/900 and sold credit put spreads of 800/790.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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oldarmy1
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In reply to 0708aggie • 3:23p, 5/29/20
AG
0708aggie said:
OA when are you starting your hedge fund. I have money that needs to come your way.

When I sell all companies I'm going to open an education and trading service. This forum has been the testing grounds.
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$30,000 Millionaire
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In reply to UpstateAg • 3:23p, 5/29/20
AG
UpstateAg said:
Retaliate for loving freedom.

It was a joke. I'm more demoralized than you. Missed Tesla and I'm carrying a short on nflx into the weekend.
not a competition, but as usual, going to try to ignore emotion a bit longer. hope monday goes well for you.
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59 South
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In reply to oldarmy1 • 3:31p, 5/29/20
AG
This test rat has made off like a bandit over the past couple of years on your recs. If you went hedge fund route I'd toss in a couple hundred K+ without blinking.
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oldarmy1
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In reply to 59 South • 3:38p, 5/29/20
AG
59 South said:
This test rat has made off like a bandit over the past couple of years on your recs. If you went hedge fund route I'd toss in a couple hundred K+ without blinking.
So much paperwork....
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topher06
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3:42p, 5/29/20
Spy tops $306
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McInnis 03
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In reply to oldarmy1 • 3:44p, 5/29/20
AG
oldarmy1 said:
0708aggie said:
OA when are you starting your hedge fund. I have money that needs to come your way.

When I sell all companies I'm going to open an education and trading service. This forum has been the testing grounds.
Let me know if you need a half time show. I can be the jester, slam dunking, trapeze guy.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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claym711
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3:53p, 5/29/20
AG
Start a fund. <$100mm is fairly unregulated and if your performance is anywhere near what it's portrayed you can charge 2/35. You can get a LLC + LP, and PPM for minimal cost, and 3rd party accounting while you're small for <$2k/mo.

Trading services are run by ppl that can't perform, at least not sustainably.
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Lavender Gooms
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In reply to tramaro1 • 4:12p, 5/29/20
AG
Got in on an $860 for next week. Looking good so far!
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khaos288
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In reply to claym711 • 4:14p, 5/29/20
AG
claym711 said:
Start a fund. <$100mm is fairly unregulated and if your performance is anywhere near what it's portrayed you can charge 2/35. You can get a LLC + LP, and PPM for minimal cost, and 3rd party accounting while you're small for <$2k/mo.

Trading services are run by ppl that can't perform, at least not sustainably.


But zero risk to start a trading service to test the waters. Capital investment of zero to grow a base is silly to pass up. Not to mention trading services are hot right now. Winners are bound to emerge. Too early to make judgement on an entire sector of the industry that's so young.
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Brewmaster
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In reply to oldarmy1 • 4:20p, 5/29/20
AG
oldarmy1 said:
0708aggie said:
OA when are you starting your hedge fund. I have money that needs to come your way.

When I sell all companies I'm going to open an education and trading service. This forum has been the testing grounds.


Whoop! I'm in!
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$30,000 Millionaire
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4:22p, 5/29/20
AG
likewise, i would pay.
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oldarmy1
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In reply to claym711 • 4:22p, 5/29/20
AG
So a different kind of trading service.
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BrokeAssAggie
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4:30p, 5/29/20
Me three. It will be pretty difficult for me to watch the market all day once I'm back in the office full time with meetings, phone callas, etc.
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claym711
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In reply to khaos288 • 4:33p, 5/29/20
AG
khaos288 said:
claym711 said:
Start a fund. <$100mm is fairly unregulated and if your performance is anywhere near what it's portrayed you can charge 2/35. You can get a LLC + LP, and PPM for minimal cost, and 3rd party accounting while you're small for <$2k/mo.

Trading services are run by ppl that can't perform, at least not sustainably.


But zero risk to start a trading service to test the waters. Capital investment of zero to grow a base is silly to pass up. Not to mention trading services are hot right now. Winners are bound to emerge. Too early to make judgement on an entire sector of the industry that's so young.


These have been around since before the internet, it's not a new industry. None survive with a big following for long. Similar to hedge funds in that regard. Just seem more prevalent now because of the massive influx of retail traders that came with $0 fee trading and the pandemic.

I agree it's a less risky business approach to harvesting performance fees. Much lower ceiling though.
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jbeck3487
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In reply to oldarmy1 • 4:50p, 5/29/20
AG
oldarmy1 said:
0708aggie said:
OA when are you starting your hedge fund. I have money that needs to come your way.

When I sell all companies I'm going to open an education and trading service. This forum has been the testing grounds.
If you want an apprentice, protege, padawan, or whatever you want to call it, I'll volunteer as tribute.
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