Went net free on stock #8 this afternoon! Added WARM and REI to this over the last couple of days.
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Last: 2 hrs ago by Brewmaster
I've been in this accumulating stock for the last two months.oldarmy1 said:It's going to break out. I see all the alignment. Fireworks ahead.mc_shipman said:
$UPWK. Nice turn around on the calls from this morning already.
Another stock that I just scanned and meets all my prerequisites is OPEN. It's also about to explode upward. Hoping for a soft opening so I can target the April 16 $31 Calls. I might buy a few at the opening regardless unless it spikes $0.75+
You don’t trade for money, you trade for freedom.
Congrats McFly! well done. I looked at it when it was $5 and said I didn't want the trouble, wish I had blindly followed you 
You don’t trade for money, you trade for freedom.
What was price target for BWTN calls?
The 4/16 $12.50s
The 4/16 $12.50s
Everyone has to play differently. I played EBON and DPW because they have options. SINO did not the last time I checked. It's going to track Bitcoin. If you really believe in something, get in and hold on.ag94whoop said:
sometimes i really frustrate myself.
I asked about SINO a couple of times in the last big dip and no one responded so I didnt buy even though I was tempted to do it because I was concerned I was missing something. It was right at $5 when I asked first, then at $4.80 or so when I asked again. Both times I took the lack of response as a sign not to buy. I got myself into some bad positions because I let FOMO set in and I was afraid of doing that again.
Then today I was watching SINO and SOS and ALMOST bought into both, but I was expecting things to go south after Powell spoke and didnt, only to have them jump. I am getting better at not being so reactionary like I was, but i think I have allowed a little self doubt and fear to creep in since I have made so many mistakes in buying.
Lesson is when you feel convicted to do it. Do it. Mistakes happen but I guess its better to have bought under conviction than not play out of fear.
Self doubt is healthy, fear is not. To trade well, you have to abandon fear and accept the full risk of what you're getting into. I am not perfect, but I am at a point where I am OK with 5 figure sums of money evaporating because I know there will be another opportunity. This is why position sizing is, in my opinion, the most important part of trading. If you trade smaller, you won't care about anything but the quality of the setup. The goal is to move your equity curve up and to the right. I have nearly 20 years of trading experience, OA has a ton more. You're brand new. Cut yourself some slack and give yourself the freedom to invest in yourself, even if that means small losses. We all make mistakes!!!
Try trading small - like $100 to $1,000 small and see if you emotionally react differently.
You don’t trade for money, you trade for freedom.
at whatever the premium is at $14.50 - $15
You don’t trade for money, you trade for freedom.
p.s. Are all of you super bullish now?
You don’t trade for money, you trade for freedom.
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i have been high on SAVA since I did research on it right after it popped to $130. I am happy to see it break out today!Red Red Wine said:
I still own some SAVA. It is hopping today, but I don't see any news. Anybody see anything on that one?
When you guys are going net free, are you achieving a price target to sell a % or incremental sell offs at different prices along the way up? Not yet in the options game, so don't have that tool in my belt to achieve net free yet.
DS
Jumped at open from $3.20 to $3.59, retraced to MT (used Fib tool to cheat quickly) and never passed it. Pivoted and is back around $3.52 now. Held up well.
What ticker symbol is this? TRIN?$30,000 Millionaire said:
p.s. Are all of you super bullish now?
JR2007 said:
When you guys are going net free, are you achieving a price target to sell a % or incremental sell offs at different prices along the way up? Not yet in the options game, so don't have that tool in my belt to achieve net free yet.
If it's not something with options, I set a good-til-closed order to sell half at double my entry.
If I can sell options, I'll usually sell calls on half at a strike+ premium that would net my investment back.
.
SNDL earnings. Beat on revenue by 15+%
She is movin' on my chartKT_Ag08 said:
SNDL earnings. Beat on revenue by 15+%
Imagine what they will do with all that cash and legalization.KT_Ag08 said:
SNDL earnings. Beat on revenue by 15+%
hopefully get bought out by CURLF for $10 a shareFJ43 said:Imagine what they will do with all that cash and legalization.KT_Ag08 said:
SNDL earnings. Beat on revenue by 15+%
lol, okay, i'll take $5.
Here is my problem and why I trade SNDL but don't invest in it.
With large scale legalization coming soon to the US I don't think SNDL and a lot of the Canadian growers have the channels to get their product into and distributed in the US. I think ultimately the US growers are better investments for US legalization but they need to be removed from OTC and put on the NASDAQ like the Canadian growers.
However, with SNDL a Reddit favorite and the "low price" and potential to run like a banshee it is a fun trade.
With large scale legalization coming soon to the US I don't think SNDL and a lot of the Canadian growers have the channels to get their product into and distributed in the US. I think ultimately the US growers are better investments for US legalization but they need to be removed from OTC and put on the NASDAQ like the Canadian growers.
However, with SNDL a Reddit favorite and the "low price" and potential to run like a banshee it is a fun trade.
Ok ok ok - I'm in. Let's hope it pops (some more) in the morning.
this is the short term trading index, also knows as the Arms index, based on the platform you're using. It measures the advance/decline ratio of stocks in the NYSE against the advance/decline volume. AD stocks / AD volume if you're doing math to form a ratio. In simple terms, if there is more volume into advancing equities vs. declining, the TRIN will be below 1.PearlJammin said:What ticker symbol is this? TRIN?$30,000 Millionaire said:
p.s. Are all of you super bullish now?
If you look at the TRIN today, we started the day at 1.4, which is technically bearish and we ended the day at 0.52, which is technically bullish. Movement of the TRIN in this direction is bullish.
That said, where we closed today is very low and therefore means it is higher probability that stocks sell-off tomorrow. It doesn't mean it has to be extreme, but just not as good.
You don’t trade for money, you trade for freedom.
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The NNOX crowd seems confident their new equipment will be approved.
Sounds like it could be similar to SAVA.... don't ask me how much of a move, as it is hard to ping valuation on companies like these with unproven product.
Sounds like it could be similar to SAVA.... don't ask me how much of a move, as it is hard to ping valuation on companies like these with unproven product.
I just bought some for short term fun. My issue is that it is optimal for companies to be able to "defend" their position in the market. There is no way that any grower is going to be able to dominate (long term) with all of the growers that will pop up almost instantly driving prices down. IMHO.
I too think some of the US growers will be better positioned long term. At the same time I think these types have more near term share upside % wise. The only part of this that will be long for me will be net free shares. Outside of that is a trade up and down.KT_Ag08 said:
Here is my problem and why I trade SNDL but don't invest in it.
With large scale legalization coming soon to the US I don't think SNDL and a lot of the Canadian growers have the channels to get their product into and distributed in the US. I think ultimately the US growers are better investments for US legalization but they need to be removed from OTC and put on the NASDAQ like the Canadian growers.
However, with SNDL a Reddit favorite and the "low price" and potential to run like a banshee it is a fun trade.
fantastic comments and advice. Truly appreciate it.$30,000 Millionaire said:Everyone has to play differently. I played EBON and DPW because they have options. SINO did not the last time I checked. It's going to track Bitcoin. If you really believe in something, get in and hold on.ag94whoop said:
sometimes i really frustrate myself.
I asked about SINO a couple of times in the last big dip and no one responded so I didnt buy even though I was tempted to do it because I was concerned I was missing something. It was right at $5 when I asked first, then at $4.80 or so when I asked again. Both times I took the lack of response as a sign not to buy. I got myself into some bad positions because I let FOMO set in and I was afraid of doing that again.
Then today I was watching SINO and SOS and ALMOST bought into both, but I was expecting things to go south after Powell spoke and didnt, only to have them jump. I am getting better at not being so reactionary like I was, but i think I have allowed a little self doubt and fear to creep in since I have made so many mistakes in buying.
Lesson is when you feel convicted to do it. Do it. Mistakes happen but I guess its better to have bought under conviction than not play out of fear.
Self doubt is healthy, fear is not. To trade well, you have to abandon fear and accept the full risk of what you're getting into. I am not perfect, but I am at a point where I am OK with 5 figure sums of money evaporating because I know there will be another opportunity. This is why position sizing is, in my opinion, the most important part of trading. If you trade smaller, you won't care about anything but the quality of the setup. The goal is to move your equity curve up and to the right. I have nearly 20 years of trading experience, OA has a ton more. You're brand new. Cut yourself some slack and give yourself the freedom to invest in yourself, even if that means small losses. We all make mistakes!!!
Try trading small - like $100 to $1,000 small and see if you emotionally react differently.
I think if I can just keep my average investment below the $16k-20k average and avoid getting $30-50k into any individual stocks I dont have super confidence in, I should be fine.
That's where I am with CLOV and WWR.
I am learning that $5k-10k is easy and manageable (unless you buy DPW at $6 like I did ...lol) I have like $30k of TLRY but i bought it specifically because of its volatility and my only mistake was not anticipating the pre-Powell fall so I could have sold, taken profits and increased my position with same money yesterday.
Once again, really appreciate the insight.
Its kinda funny....I have been an entrepreneur all my life with multiple businesses, both winning and losing. I have had to start over a couple of times because of it. But I was never afraid. But when I started trading I felt a little like I was trying to corral a pissed off badger. So many variables, so many unknowns.
But after taking OAs first seminar, and with all the insight and advice from yall, I am learning to not only look left on charts regularly, try and find gaps and model Ts, but also to make rules for myself to follow . I am getting a little better as some basic stock analysis but I am anxious to learn how to better forecast market trends.
Very good advice here. As I've said before I play almost exclusively weekly covered calls. Any given week I enter the week looking to spend $15K - $20K on new positions. My starting point is always stocks under $100/share and I'm always looking for 3-5 new stocks. Given the choice I'd rather have 100 shares each of five different $10 stocks than 100 shares of a single $50 stock. Same money but the risk that I'm wrong is spread out much better so it's much easier to be right over time.$30,000 Millionaire said:Everyone has to play differently. I played EBON and DPW because they have options. SINO did not the last time I checked. It's going to track Bitcoin. If you really believe in something, get in and hold on.ag94whoop said:
sometimes i really frustrate myself.
I asked about SINO a couple of times in the last big dip and no one responded so I didnt buy even though I was tempted to do it because I was concerned I was missing something. It was right at $5 when I asked first, then at $4.80 or so when I asked again. Both times I took the lack of response as a sign not to buy. I got myself into some bad positions because I let FOMO set in and I was afraid of doing that again.
Then today I was watching SINO and SOS and ALMOST bought into both, but I was expecting things to go south after Powell spoke and didnt, only to have them jump. I am getting better at not being so reactionary like I was, but i think I have allowed a little self doubt and fear to creep in since I have made so many mistakes in buying.
Lesson is when you feel convicted to do it. Do it. Mistakes happen but I guess its better to have bought under conviction than not play out of fear.
Self doubt is healthy, fear is not. To trade well, you have to abandon fear and accept the full risk of what you're getting into. I am not perfect, but I am at a point where I am OK with 5 figure sums of money evaporating because I know there will be another opportunity. This is why position sizing is, in my opinion, the most important part of trading. If you trade smaller, you won't care about anything but the quality of the setup. The goal is to move your equity curve up and to the right. I have nearly 20 years of trading experience, OA has a ton more. You're brand new. Cut yourself some slack and give yourself the freedom to invest in yourself, even if that means small losses. We all make mistakes!!!
Try trading small - like $100 to $1,000 small and see if you emotionally react differently.
A fearful society is a compliant society. That's why Democrats and criminals prefer their victims to be unarmed. Gun Control is not about guns, it's about control.
I bought SNDL $1 leaps yesterday. Hoping there's an explosion.
You don’t trade for money, you trade for freedom.
SNDL
Will she hold?
100% agree.KT_Ag08 said:
Here is my problem and why I trade SNDL but don't invest in it.
With large scale legalization coming soon to the US I don't think SNDL and a lot of the Canadian growers have the channels to get their product into and distributed in the US. I think ultimately the US growers are better investments for US legalization but they need to be removed from OTC and put on the NASDAQ like the Canadian growers.
However, with SNDL a Reddit favorite and the "low price" and potential to run like a banshee it is a fun trade.
weed is best for swinging IMHO, not investing
UWMC up to 9.39 after-hours
I think its directly related to the news cycle and number of retweets about the re-introduction of the House bill on legalization. If its heavy in news cycle the next 24 hrs, I think we see a small jump towards $2 tomorrow and TLRY jumping into low 30s. Maybe not, but with my limited experience, it seems this type of stock seems to live and die by the news cycles.FJ43 said:
SNDL
Will she hold?
Yahoo finance (fwiw) is very bullish on sndl. Surprised.
A cryptocurrency play people should seriously take a look at is KROEF. This isn't a mining play, but they are an early stage investor in a lot of of very good projects in the DeFi space, notably the Polkadot blockchain.
https://www.kryptonite1.co/investments
https://www.kryptonite1.co/investments
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Kampfers said:
UWMC up to 9.39 after-hours
Coming for my $10 covereds, no doubt
THAAAAT'S WHAT SHE SAID...ag94whoop said:100% agree.KT_Ag08 said:
Here is my problem and why I trade SNDL but don't invest in it.
With large scale legalization coming soon to the US I don't think SNDL and a lot of the Canadian growers have the channels to get their product into and distributed in the US. I think ultimately the US growers are better investments for US legalization but they need to be removed from OTC and put on the NASDAQ like the Canadian growers.
However, with SNDL a Reddit favorite and the "low price" and potential to run like a banshee it is a fun trade.
weed is best for swinging IMHO, not investing
A fearful society is a compliant society. That's why Democrats and criminals prefer their victims to be unarmed. Gun Control is not about guns, it's about control.
Agree with all the comments on SNDL. I think it was Brew who mentioned CURLF. That's personally my favorite US grower at this time. I'm in MSOS which is essentially an index weighted heavily towards US growers and adjacent companies.
Right now my plan with SNDL is to go net free on 10,000 shares and then keep selling covered calls for 10% or so a week. If it wants to go parabolic again and hit $5 I won't be mad either.
Right now my plan with SNDL is to go net free on 10,000 shares and then keep selling covered calls for 10% or so a week. If it wants to go parabolic again and hit $5 I won't be mad either.
JMO, but watching WWR and SINO, it appears the play is to short them immediately when Atlas blasts them. This seems like an easy scalp on the stocks they pump. Anyone else seeing this?
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