jump in the market as Boeing to open back up and parts of new york state. Announced at the exact same time.
If you made gains and reached your target and/or get a sell signal, follow your plan, get out, and don't look back. Nothing wrecks a good strategy like FOMO. I speak from lots of experience there.topher06 said:
Yeah I sold to go net free here. Maybe a bad decision but at least I don't have to worry now
Old post showing how a Darvis Box works. Note many times you get a post breakout backfill test but the technical trade has confirmed, to go long, so this is where I load the boat if it comes back within $28.oldarmy1 said:
Sorry - was doing some trades but wanted to further clarify my shorter post on when to exit trades.
The reason I posted a general statement on when to sell is because it depends on a wide variety of factors. What was the target when entered? Where is the resistance for that particular stock or market? Do you see further move above resistance? Tons of factors to consider.
EXAMPLE: One I had posted that had broken out of a Darvis Box (sideways range bound period) just as the market sell off hit is SWKS. I posted entering that on the pull back was a good trade because it likely would resume its breakout. It has. So buying on the pullback between $99 and $101 (as market posts were being made about finding support) was an easy decision.
Stocks/Markets breaking out of a technical Darvis Box tend to run up. So I take a dual strategy approach instead of selling 100% of the shares here at $109+ I sold 5k shares (50% of my holdings) and am selling $110 covered calls at $3 into late March. The straight sale nets me $7.27/share from entry). The covered calls net me $112 per share if the stock moves above that by expiration OR it lowers my holding cost per share by $3 if we go sideways or lower.
As for the chart. See the left arrow signal of the breakout? See that it was racing higher but reversed on the huge selloff in the markets. Then see the arrow on the right side showing disciplined entry based on broader market posts about reversal. And now the obvious recovery and continuation of the breakout has sent it trending well above the initial breakout signal. These are the kind of trades that I target above all others.
Similar question if the NBA opts for Vegas re WYNN and CZR. Not sure which properties they'd stay at in Vegas.Touchless said:
If the NBA ends up announcing they will play the remainder of the season at Disney World Orlando that would allow families of players to also be in the 'semi bubble', how do y'all think that would effect DIS? I'd expect at least a quick spike since they'd be getting some sort of revenue at least out of that park.
Looking to exit at $2.80 if still holding?oldarmy1 said:Options hit $2.50...need one more leg upward for $2.80oldarmy1 said:
NET new high!
Touchless said:Similar question if the NBA opts for Vegas re WYNN and CZR. Not sure which properties they'd stay at in Vegas.Touchless said:
If the NBA ends up announcing they will play the remainder of the season at Disney World Orlando that would allow families of players to also be in the 'semi bubble', how do y'all think that would effect DIS? I'd expect at least a quick spike since they'd be getting some sort of revenue at least out of that park.
There you goRagoo said:i just want ROKU to retest 129. TIAoldarmy1 said:
Which way she going to break???
/rick flair wooogougler08 said:There you goRagoo said:i just want ROKU to retest 129. TIAoldarmy1 said:
Which way she going to break???
there has been a lot of volume on the 155. Probably not showing up because the price is pennies.leoj said:
ROKU 5/15 $128 call sweeps, $400k total
you and I are not even in the same ball park as far as experience, etc, but I'd hold. That's a lot of time to play with, and I assume ddog is running on strength not hype. I have september calls for another company that went into the money today and I'm not even thinking about selling for exactly the same reason, it's finally coming into favor and I think it's the start of a good run.Ranger222 said:
Going to have a tough decision here on whether or not to take profits on my long dated DDOG calls here before close...only have 1 contract in OCT strikes
I got first fills at $2.80 and just slowly selling at ask each move higher. $3.80 is target exit for 50% remaining or all if we get pops that bypass ask targets. If you see a 200 option sell then I'm out.Grown Pear said:Looking to exit at $2.80 if still holding?oldarmy1 said:Options hit $2.50...need one more leg upward for $2.80oldarmy1 said:
NET new high!