A profound thank you to those of y'all who pointed out the 8/21 EMA pattern. I have looked at a ton of charts today where this pattern applies. Another tool in the tool box thanks to this thread.
Stock Markets
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Last: 46 min ago by ProgN
OA - you still accumulating CHNG?
Anyone adding to ONTX today?
Touched it for all of 2 seconds59 South said:
SPY needs 314.62 to negate bearish engulfing.
TikTok is going down, unsure how that could affect FB, TWTR, etc.
I would guess most of their top influencers go to twitter, if they aren't already there.
I would guess most of their top influencers go to twitter, if they aren't already there.
Let it ride
Look at ROKU toying with 150 like a kitten with a ball of yarn.
Long time lurker, first time poster here.
Has anyone else been riding AMZN calls with me the past two weeks? I recklessly went all in and it's getting to the point where it's a life changing amount for me and my young family. Student loans may be completely paid off now. I don't want to get greedy and mess it up.
Question is, should we sell before earnings call? I know amazon fell short last quarter, but I know Bezos likes to reinvest earnings to limit tax liabilities and the market seems to not care too much. Thoughts?
Has anyone else been riding AMZN calls with me the past two weeks? I recklessly went all in and it's getting to the point where it's a life changing amount for me and my young family. Student loans may be completely paid off now. I don't want to get greedy and mess it up.
Question is, should we sell before earnings call? I know amazon fell short last quarter, but I know Bezos likes to reinvest earnings to limit tax liabilities and the market seems to not care too much. Thoughts?
What is your realistic end of year price for ROKU?
and it keeps running of coursekhaos288 said:
Makes sense, thank you!
I'm going to hold into tomorrow and see if AMD gives back to ~55, and then if I'm going to get called out, I'll roll.
My kids love this app (they do not have accounts). Last night they were talking about it being taken down. That platform is extremely popular and I wonder what alternatives are out there that compile 30 second clips of goofy videos.ClutchCityAg said:
TikTok is going down, unsure how that could affect FB, TWTR, etc.
I would guess most of their top influencers go to twitter, if they aren't already there.
Exactly. I think your plan of action here is to sell enough of it to pay off your student loans. Then, as you aren't having to pay those monthly bills, reinvest that money and start over. Get up big (if you can) and pay off something else. Rinse and repeat. Paying off interest bearing loans is infinitely better than hoping and praying that the market reacts well to AMZN's earnings.binsy said:
Long time lurker, first time poster here.
Has anyone else been riding AMZN calls with me the past two weeks? I recklessly went all in and it's getting to the point where it's a life changing amount for me and my young family. Student loans may be completely paid off now. I don't want to get greedy and mess it up.
Question is, should we sell before earnings call? I know amazon fell short last quarter, but I know Bezos likes to reinvest earnings to limit tax liabilities and the market seems to not care too much. Thoughts?
My $.02.
If I had a life changing amount of money there for the taking, I'd take it and change my life.
Just bought some puts on SPCE
Pignorant said:
What is your realistic end of year price for ROKU?
Conservatively 200+. I hate price targets tbh. I predict range of 200-300 by year end.
I wish I took my own advice and bought calls... I had a haunch last night and could not sleep. Biggest portfolio day of my life and that includes the yolo amazon calls back in Jan/Feb59 South said:
Don't you dare jinx this one cause it could still fail!
Ps: I'm working on an ensemble of gifs and YouTube videos that involve America tributes, the war hymn and spiking footballs...
ETA go look at those emas on this one and how they are set up with a fan starting mid June... then go back and look at the last time they started looking like that with that set up.
joined OA on PFE - thank you as usual
Also, go TSLA go. ha.
Also, go TSLA go. ha.
Be sure to understand the short term gains tax for this trade.binsy said:
Long time lurker, first time poster here.
Has anyone else been riding AMZN calls with me the past two weeks? I recklessly went all in and it's getting to the point where it's a life changing amount for me and my young family. Student loans may be completely paid off now. I don't want to get greedy and mess it up.
Question is, should we sell before earnings call? I know amazon fell short last quarter, but I know Bezos likes to reinvest earnings to limit tax liabilities and the market seems to not care too much. Thoughts?
Another long time lurker here to post.
I've been riding Alibaba since $176. Debating reducing my position to net out and reinvesting elsewhere.
I've been riding Alibaba since $176. Debating reducing my position to net out and reinvesting elsewhere.
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AG
agree here. if it's life changing to the positive, take profits so it doesn't turn into life changing regret. Take some or all off the table, but if you can use it to knock out a milestone like student loans I'd do that for sure
binsy said:
Long time lurker, first time poster here.
Has anyone else been riding AMZN calls with me the past two weeks? I recklessly went all in and it's getting to the point where it's a life changing amount for me and my young family. Student loans may be completely paid off now. I don't want to get greedy and mess it up.
Question is, should we sell before earnings call? I know amazon fell short last quarter, but I know Bezos likes to reinvest earnings to limit tax liabilities and the market seems to not care too much. Thoughts?
Please post more, BEFORE you make a fortune.
Damn nice trade sir and I'm not in it but wow, much respect.
Personally, the LIFE CHANGING home run that you can bank should give you your answer. Those types of trades are rare. Why gamble on the earnings?
I'd sell it and change my young family's life.
JMO
Don't get me started on what I almost did last night. Not at my computer now to write it out but y'all may wake up to a good story tomorrow morning that is similar.
I am no expert by any means so take this with a shaker of salt, but BABA has a squeeze that is firing on the Daily and Weekly. It could run for a couple weeks still. Obviously no guarantees, it could crater tomorrow but the signs I see show it continuing to climb.210ag said:
Another long time lurker here to post.
I've been riding Alibaba since $176. Debating reducing my position to net out and reinvesting elsewhere.
What Prog says!
I know I'm probably a permabull overall and also on AMZN but this is just silly.
I mean, the biggest companies in the world aren't supposed to go parabolic right?
I mean, the biggest companies in the world aren't supposed to go parabolic right?
ditto.59 South said:
What Prog says!
this is hilarious in my opinion. Tesla is the one that is amusing to me. I'm trading it long for the F of it. I've made ~$10K today just on Tesla.59 South said:
I know I'm probably a permabull overall and also on AMZN but this is just silly
So I ended up with the following on this:gougler08 said:I'm rolling my NIO 10.5 calls out a couple weeks and raising them to 14, will take a small loss on the buy to close / sell to open piece, but get the extra $3.50/share so comes out aheadkhaos288 said:Is it good strategy to wait until closer to the bell on Friday? There's a slight chance I don't get called out still.McInnis 03 said:khaos288 said:how do you execute that?McInnis 03 said:khaos288 said:welp, I'll be getting called out of my weeklies for AMD covered calls59 South said:
AMD another breakout to big resistance, I think the cat is now out of the bag on this one too. I'm hoping for a little consolidation today now and will look to double my position tomorrow hopefully around 55-56 range. I would love to get it under 55 but it may not stop. First entry was 54 last week.
ROLLLLLLL
Buy back the one you've sold and sell a new one further out of it makes financial sense
Otherwise I could buy to close for 1.4, and sell to open another for next week for 1.18.
Originally sold 10.5 covered calls for $0.70
Bought back at $4.00
Resold July 31 16 covered calls for $2.40
Overall lost $0.90 on this piece but then if called out, will get an extra $5.5/share so works out well in the long run
I need the Larry David gif here. I mean, don't fight momentum. I understand how AMZN can be valued at what it is. I still can't understand TSLA and have never touched it.
WGAF about short term gains if he's made a mint? Think of the pressure he can remove from his family, permanently, by selling. Even if he gets hit with a tax bill that he can't meet, he can set up repayment program to the IRS.PearlJammin said:Be sure to understand the short term gains tax for this trade.binsy said:
Long time lurker, first time poster here.
Has anyone else been riding AMZN calls with me the past two weeks? I recklessly went all in and it's getting to the point where it's a life changing amount for me and my young family. Student loans may be completely paid off now. I don't want to get greedy and mess it up.
Question is, should we sell before earnings call? I know amazon fell short last quarter, but I know Bezos likes to reinvest earnings to limit tax liabilities and the market seems to not care too much. Thoughts?
Thanks for talking sense into me ya'll. I'm going to sell 3/4s of my contracts and lock in the gains. I've just sold too early so many times and it's painful to see how much you could have made.
It's probably a small amount to a lot of people on here, but getting from under student loans ( 7% interest) will be huge.
It's probably a small amount to a lot of people on here, but getting from under student loans ( 7% interest) will be huge.
Congrats brother. Welcome to the board and please stay and contribute. It is safe here!
1) Lurkers shouldn't be timid about posting. This is the most accepting, helpful place on TexAgs.210ag said:
Another long time lurker here to post.
I've been riding Alibaba since $176. Debating reducing my position to net out and reinvesting elsewhere.
2) You will never go broke taking a profit.
3) "Bulls and bears make money, pigs get slaughtered" is longtime wall street advice.
4) What if Trump puts tariffs on China for covid? What if there's a terrorist attack and the markets close for several days like in 2001? How pissed would you be if the market opened up limit down and BABA is cut in half?
Moral of the story, You will never pick the top or the bottom. Being over greedy leads to more losses because you'll try so hard to get back what you had, IF you would have sold.
JMO
Trust me selling gains and missing out is much better feeling than waiting and watching it all go away. Ask me how i know (see June 9th/10thbinsy said:
Thanks for talking sense into me ya'll. I'm going to sell 3/4s of my contracts and lock in the gains. I've just sold too early so many times and it's painful to see how much you could have made.
It's probably a small amount to a lot of people on here, but getting from under student loans ( 7% interest) will be huge.
) what do you mean going down?ClutchCityAg said:
TikTok is going down, unsure how that could affect FB, TWTR, etc.
I would guess most of their top influencers go to twitter, if they aren't already there.
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