McInnis 03 said:
CSC likes to use the Demark indicator exclusively and he's been having a good run lately. VIX could be ready to calm down, funny how that works right near the election
Agree, I had to bail. I would set a stop if you need to manage some risk, unless it's in an IRA and you just want to hold no matter what. Support is now 54, nearest resistance around 59.Orlando Ayala Cant Read said:
OSTK into the 50s now. Ridiculous.
Worst part is, I've seen some people forecast it down to the 40s again before a bounce back up again. I'm 72 AVG here on this now and seeing in the 50s is painful much less the 40s.
I've filled my allotment from earlier in the week sub .25FJ43 said:
Anyone else accumulate more ONTX at .25 and down to .245 today?
Demark is like any other indicator. It CAN be wrong. I'll say that I closed most of my hedge, but rolled enough up that if VIX keeps going, I can still capitalize on it.jwhitlock3 said:McInnis 03 said:
CSC likes to use the Demark indicator exclusively and he's been having a good run lately. VIX could be ready to calm down, funny how that works right near the election
Hmm, never would have guessed volatility would peak here. Maybe I should close this VXX spread I've got.
I have a really good divorce attorney that I'm currently using, I'll PM you her number.AgCPA95 said:I've filled my allotment from earlier in the week sub .25FJ43 said:
Anyone else accumulate more ONTX at .25 and down to .245 today?
"Honey...where did the kids college fund go??"
"Oh its in ONTX...selling at .40"
AgCPA95 said:I've filled my allotment from earlier in the week sub .25FJ43 said:
Anyone else accumulate more ONTX at .25 and down to .245 today?
"Honey...where did the kids college fund go??"
"Oh its in ONTX...selling at .40"
jwhitlock3 said:
I'm out of all options plays now except for a 12/18 spread. Over the last month I've traded options on 27 different occasions, with a win or breakeven on 23/27, however my losses on my 4 trades were double what my profits were. That seems insane to me, but the lesson there is pretty plain to see. I need to limit my losses and size my trades better. I got burned on DIS, RKT and AMD calls. The RKT was "such a sure winner" and the AMD was going to $100 without a doubt, so I bought more contracts, and held for too long waiting on a turn around. Learned a lot! I'll let things settle, and be ready to play again after we see how next week shakes out. Been having a lot of fun doing this with you guys!
This thread is a lot of fun even on bad days. Y'all make me laugh throughout any given day and on 'red' days we all need a laugh now and then. Have a great weekend and BTHO the little pigs.jwhitlock3 said:
I'm out of all options plays now except for a 12/18 spread. Over the last month I've traded options on 27 different occasions, with a win or breakeven on 23/27, however my losses on my 4 trades were double what my profits were. That seems insane to me, but the lesson there is pretty plain to see. I need to limit my losses and size my trades better. I got burned on DIS, RKT and AMD calls. The RKT was "such a sure winner" and the AMD was going to $100 without a doubt, so I bought more contracts, and held for too long waiting on a turn around. Learned a lot! I'll let things settle, and be ready to play again after we see how next week shakes out. Been having a lot of fun doing this with you guys!
Mostly just shorts closing positions. I'll be curious if there's any follow through on Monday or if that rip just gets sold off.Engine10 said:
very casual +30 pt close there lmao. Keep riding out the storm y'all
This did not work today. Monitored it but broke the bottom of the flag like many things. I will continue watching it for a rebound. The big earlier volume didn't sell off so appears still holding.FJ43 said:
Something for y'all to look at.
VOXX - This is a 10 Day Hourly chart. Will it repeat tomorrow? Don't know but 4th time may also work. Volume has been lower right before it moves above the bull flag and popped above today.
Interesting. Thanks all. I'm not familiar with them enough to know about those details and also haven't studied their financials. Just wasn't sure what justified such a crazy turnaround all of a sudden.McInnis 03 said:Concur with this, overall sentiment is that TZero and Medici are getting zero consideration in the value calc.Orlando Ayala Cant Read said:Touchless said:
Can someone explain OSTK to me? Over the last two years, their high was $29.75 until their explosion in July. Going back to last October up until the Covid crash, the high was only $10. What caused this to spike like crazy in general making this such a great stock? Do people actually shop on Overstock and buy things from there all of a sudden?
Need to look closely but I believe its now trading at like 2Xs revenue. Blockchain tech which has lotsa positive pub getting no consideration in the valuation. Plus it's got leadership in place that's considered really good. This is going to require patience but I'd think this will be back near 100 within 6 mths and 125ish within a year. But the market is irrational and also who knows with lack of stimulus possibly going into next year.
This. I learned a long time ago when we did a start up apparel company not to box yourself in with the name. They are far more than 'overstocked' items now.Touchless said:Interesting. Thanks all. I'm not familiar with them enough to know about those details and also haven't studied their financials. Just wasn't sure what justified such a crazy turnaround all of a sudden.McInnis 03 said:Concur with this, overall sentiment is that TZero and Medici are getting zero consideration in the value calc.Orlando Ayala Cant Read said:Touchless said:
Can someone explain OSTK to me? Over the last two years, their high was $29.75 until their explosion in July. Going back to last October up until the Covid crash, the high was only $10. What caused this to spike like crazy in general making this such a great stock? Do people actually shop on Overstock and buy things from there all of a sudden?
Need to look closely but I believe its now trading at like 2Xs revenue. Blockchain tech which has lotsa positive pub getting no consideration in the valuation. Plus it's got leadership in place that's considered really good. This is going to require patience but I'd think this will be back near 100 within 6 mths and 125ish within a year. But the market is irrational and also who knows with lack of stimulus possibly going into next year.
I've only known them from like a decade ago as a company that sold stuff online. At the time, I actually thought it was supposed to be things that were overstocked and selling at a discount. They weren't really even selling at a discount though and from an ad promo I saw this past year I realized they don't really have anything to do with overstock items. Just a poorly named company I feel like.
Sorry Prog...have a frosty one in a mug, wife watching me play my 'video game' and picked up a few AAPL shares AH with her watching. Couldn't help myself.Prognightmare said:
Fam, let's be like our friend across the pond 59Ag and pour a dram of scotch or pour a pint of frothy brew and just decompress for the weekend. Monday will probably be flat to lower and be ready for the chaos that is likely to occur after Tuesday. Kiss the kids, shag your girl and BTHO Arky.
Motivate your trades for her. If you make this she gets...........then you get? It makes you a better trader and the reward is mutually beneficial.FJ43 said:Sorry Prog...have a frosty one in a mug, wife watching me play my 'video game' and picked up a few AAPL shares AH with her watching. Couldn't help myself.Prognightmare said:
Fam, let's be like our friend across the pond 59Ag and pour a dram of scotch or pour a pint of frothy brew and just decompress for the weekend. Monday will probably be flat to lower and be ready for the chaos that is likely to occur after Tuesday. Kiss the kids, shag your girl and BTHO Arky.
Now to the weekend.
It may not mean much at this moment, but you've learned a valuable lesson that will pay dividends in the future. Remember this, but don't dwell on it. JMOOrlando Ayala Cant Read said:
I know we're all in similar boats but 3 weeks ago I had one of my best days of the year. In my heart of hearts I knew I should make a bigger move to cash to wait out the election and add to an already sizeable move to cash I had made. But instead, I thought the market would get one more big green day and I'd unload then. It never happened.
That's my pain point right now knowing I did that. Also, not selling more OSTK pre market yesterday when it was up 15% was full on incompetence.
Prognightmare said:
I bet our friend in here is glad he booked that $15K profit on that AMZN call instead of gambling on their earnings.
But you see why you always bank some profit on home runs like that and not get greedy and gamble with all of it?BT1395 said:Prognightmare said:
I bet our friend in here is glad he booked that $15K profit on that AMZN call instead of gambling on their earnings.
Checking in!
(and still AMZN's #1 long fan)
OSTK is another great example. Hovers in the high 60s to low 70s, spikes about 20% to the 83-84 range on good earnings only to fall into the high 50s a few hours later. Huge swing. Painful swing.Prognightmare said:But you see why you always bank some profit on home runs like that and not get greedy and gamble with all of it?BT1395 said:Prognightmare said:
I bet our friend in here is glad he booked that $15K profit on that AMZN call instead of gambling on their earnings.
Checking in!
(and still AMZN's #1 long fan)
Same on OSTK. Heck I even watched it thinking it would find a support level and settle above the previous weeks levels. But it didn't. Woulda, coulda, shoulda.....Orlando Ayala Cant Read said:
I know we're all in similar boats but 3 weeks ago I had one of my best days of the year. In my heart of hearts I knew I should make a bigger move to cash to wait out the election and add to an already sizeable move to cash I had made. But instead, I thought the market would get one more big green day and I'd unload then. It never happened.
That's my pain point right now knowing I did that. Also, not selling more OSTK pre market yesterday when it was up 15% was full on incompetence.
RSP715 said:
If you had in the money puts in the faang names would you sell say Tuesday or hold through election. Take the money and run or is there more downside? What's y'all a opinion? Seems like a contested election or one that drags on would be bad for the market.
