UpstateAg said:

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Still in Aveo??? Looking at starting a support group. My silver lining is the covered calls making this week less terrible.

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I'm either riding it to zero or making a mint.

TexasAg2017 said:

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Well my venture into trading options has not gone well at all. Time to do a little more reading

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Think of it as tuition. You couldn't learn this stuff at a University for 50K a semester. Losing money is a great teacher.

IrishTxAggie said:

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TexasAg2017 said:

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Well my venture into trading options has not gone well at all. Time to do a little more reading

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Best way to learn options:
Lose a ****load of money trying to learn options.

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I haven't lost a ****load but I have basically blown through my starting capital lol

Hopefully the next round will go a little better

Agreed. Losing money is a great teacher. Watching the decay of your option value due to drop in share price and time loss are somewhat impossible to fully comprehend without experiencing, except you can learn valuable lessons by PAPER TRADING. Imo, active investing has two goals:
1. Preserve capital
2. Grow capital
If you get the order swapped, you'll eventually lose all your capital and trade emotionally.

To be clear, the best way to learn is to study your trades. Personally, after studying and analyzing my trades, I found that I have two winner set ups that net for 72% of my gains and I limit my trades for only those set ups.

It's all about finding your strengths and weaknesses, which can only be analyzed and developed by experimenting in the market.

badharambe said:

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Agreed. Losing money is a great teacher. Watching the decay of your option value due to drop in share price and time loss are somewhat impossible to fully comprehend without experiencing, except you can learn valuable lessons by PAPER TRADING. Imo, active investing has two goals:
1. Preserve capital
2. Grow capital
If you get the order swapped, you'll eventually lose all your capital and trade emotionally.

To be clear, the best way to learn is to study your trades. Personally, after studying and analyzing my trades, I found that I have two winner set ups that net for 72% of my gains and I limit my trades for only those set ups.

It's all about finding your strengths and weaknesses, which can only be analyzed and developed by experimenting in the market.

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Lots of truth. Find one signal you can confirm and ride along with the market movers.

IrishTxAggie said:

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UpstateAg said:

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Still in Aveo??? Looking at starting a support group. My silver lining is the covered calls making this week less terrible.

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I'm either riding it to zero or making a mint.

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AVEO is my ride or die girl

MNGA down to .23

Low volume on IQ driving it up. Waiting for it to get above 16 to buy puts a few weeks out. We've seen this before.

TheBiggerEvent said:

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MNGA down to .23

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You spoke too soon...

I just liquidated my entire portfolio.

This thing is worse than 65% of the last 30 corrections. Average recovery for all is 100 days. I'm thinking a lot longer here.

The market kills people that are late on a move and by the time CNBC starts taking that position it's too late.

Didn't get my puts filled. Oh well. I'm done for the day.

FriscoKid said:

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I'd be careful selling here. At some point soon bulls are going to kill the shorts.

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Some of the biggest and fastest rallies are bear market rallies. Not sure we are there yet .... Maybe another 100 SP500 pts. Too much over head resistance. Bear markets always give you a chance to get out with a rally up to the 50dMA or 200dMA. Very oversold on the daily and weekly charts but they can get more over sol. I would like to see the RSI on SP500 and QQQ get down to around 20.

That reversal looks pretty good.

LADR is back in the 15's.

HMNY just keeps trying to Die Hard.
MoviePass Films signs Bruce Willis for 3 movies:

https://www.engadget.com/amp/2018/12/19/moviepass-films-signs-bruce-willis-for-three-movies/

Yippee Ki Yay if it rips...

cr said:

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I just liquidated my entire portfolio.

This thing is worse than 65% of the last 30 corrections. Average recovery for all is 100 days. I'm thinking a lot longer here.

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This is not a correction ... It is a bear market .... Majority of stocks have been in bear markets for months.

snowmnag970 said:

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IrishTxAggie said:

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UpstateAg said:

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Still in Aveo??? Looking at starting a support group. My silver lining is the covered calls making this week less terrible.

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I'm either riding it to zero or making a mint.

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AVEO is my ride or die girl

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Anyone in the knife catching business? Now's your time to shine

aggielax48 said:

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LADR is back in the 15's.

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JC that was a quick drop

I HATE EVERYTHING

roku about to set a new 52 week low...

We might see that today

I've pretty much embraced that this is the beginning of a new recession and that I missed the opportunity to call it ok advance.

Meaning selling now would be an equal probability of selling at the bottom be avoiding more losses.

So I'm going to hold what I've git and buy more on my regular schedule. I don't see this as a collapse or anything that's going to last long enough that it bumps into needed liquidity

DJIA with a 3,000 point drop since Dec. 1. Ridiculous, **** the Fed.

Farmer @ Johnsongrass, TX said:

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drill4oil78 said:

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cr said:

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I just liquidated my entire portfolio.

This thing is worse than 65% of the last 30 corrections. Average recovery for all is 100 days. I'm thinking a lot longer here.

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This is not a correction ... It is a bear market .... Majority of stocks have been in bear markets for months.

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drill4oil78 - Just curious what you use as a barometer to determine a bear market is upon us today versus a health restoring correction?

In the spirit of transparency,...

My gauge is the S&P 500 with a 20% decrease between the Closing High and the Closing Low before I call a market direction change to a bear market.

The 9/20/18 S&P 500 Closing High was 2,930.75. For me, I would need to see the S&P 500 at a Closing Low of 2,344.6 before I would call it a bear market.

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Just because the Dow, SP500, Nasdaq indexes have yet to reach 20% down means nothing. The NYSE, Russel 2000, Transports, etc are in bear markets along with about 70% of the stocks. The media focus is on the Dow and SP500. When they recognize there is a bear market in those stocks your too late.

How about AAPL, AMZN, NVDA, and many many others ... crucified. The others will follow. Many on Wall Street can't see the forest for the trees.

leoj said:

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We might see that today

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Yeah! Good point! LOL!

I'm retired so I positioned in short duration bonds over a year ago to protect my egg. I do have some S&P exposure. Yeah, I am not excited to see this downturn right now, but it will not kill me. I stopped day trading and position trading some years ago. I support what the FED is doing for interest rates because ZIRP & QE is not/was not sustainable, in my opinion (side note, ... I think the FED should be abolished...can't stand that org...privately owned entity making economic policy is not prudent). I would not want to short this market. For months, bear talk has been permeated through the media and the expert talking heads are amping up the rhetoric - the data shows the fundamentals in the economy are still solid so I prefer to sit on the other side of the boat from the masses, right now.

drill4oil78 said:

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Farmer @ Johnsongrass, TX said:

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drill4oil78 said:

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cr said:

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I just liquidated my entire portfolio.

This thing is worse than 65% of the last 30 corrections. Average recovery for all is 100 days. I'm thinking a lot longer here.

---

This is not a correction ... It is a bear market .... Majority of stocks have been in bear markets for months.

---

drill4oil78 - Just curious what you use as a barometer to determine a bear market is upon us today versus a health restoring correction?

In the spirit of transparency,...

My gauge is the S&P 500 with a 20% decrease between the Closing High and the Closing Low before I call a market direction change to a bear market.

The 9/20/18 S&P 500 Closing High was 2,930.75. For me, I would need to see the S&P 500 at a Closing Low of 2,344.6 before I would call it a bear market.

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Just because the Dow, SP500, Nasdaq indexes have yet to reach 20% down means nothing. The NYSE, Russel 2000, Transports, etc are in bear markets along with about 70% of the stocks. The media focus is on the Dow and SP500. When they recognize there is a bear market in those stocks your too late.

How about AAPL, AMZN, NVDA, and many many others ... crucified. The others will follow. Many on Wall Street can't see the forest for the trees.

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Ok thanks for your reply. Like I say/wrote, I was just curious.

Like I always say, it takes 2 opinions to make a horse race.

Tried to bounce at 10:52

target ~2530

Make it stop

Everyone having fun yet?