CLOV is slowly inching towards that April 6 deadline for people to join the CALs. Combine that deadline passing and a June ER, maybe it can start to climb a little again in April/May.
Id kill to see $15 again in CLOV and $11 again in WWR, and a fantasy would be TLRY back to $70 in short order (but that's probably asking a LOT)

trip98 said:

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Looking at 3 hedges...which do yall think better..going to buy 2 contracts..
Spy puts
May 360
Or June 335
Or one of each
Or one spy and one qqq

Acct has some blue chip like jnj, rdsb, abbv, back but exposure really in the ma plays from here like xl, eng, mbio, wwr, dpw

My IWM put for April is about to expire worthless....shoulda done qqq but I think that might rally over next few weeks after eoq.....depending on rates

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Interested in this as well.

FJ43 said:

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Key for me has been sizing, stops and that last nickel. Don't overextend, get out when its broken and take profits before the trade can turn against you. This all applies to weekly scalps anyway.

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Thanks! I'm far too willing to let contracts go to 0 rather than take a loss and I'm not sure how to fix that about myself. On the other hand i held a 1dte call overnight the other day that was basically a total loss and pulled $95 out of it the next day, so maybe that tells me turning a loser into a lotto isn't the worst strategy in the world. Also maybe i shouldn't be messing with 0dtes. Or maybe i need to be more diligent with buying next day expiry calls at bad closes...

Other thing that's not working as well as i think it should is I've tried buying spreads when there's 5 or 10 minutes of consolidation, that tends to leave me holding one side to next day or 0, and the winning side doesn't tend to pay as well as i think it should. May just be a factor of the choppy range bound trend right now

Bit more to learn about strategy and myself but it is fun!

I haven't done anything with it today, but I am keeping an eye on LULU for a short or long. If it can reclaim 306.75, I'll look to enter some 5/21 calls with extremely small size. Gives up 298.5 and it has room to flush a bit. This is post ER, so lots can happen

fightintxag13 said:

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I've never used Parabolic SAR on my charts, but I'm interested in learning more about it and trying it out on my charts. What settings do ya'll use on it?

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Straight stolen from 30k and fj...i set up one for bull and one for bear and use the defaults in tos (.02 acceleration factor, .2 acceleration limit)

Pretty good reversal today

What's the difference between DISCA and DISCB. They look like the same company, but one shot up to +95% and the other is up maybe 1%

dogskbo said:

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What's the difference between DISCA and DISCB. They look like the same company, but one shot up to +95% and the other is up maybe 1%

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Typically voting rights. Class A vs Class B

Thanks

Buy/Write
$MARA bought and sold 4/16 $50 call
Net entry $41

Go back to $80 please BIGC

CHWY up 8+% with volume after good earnings report.

Anyone in on this?

Just getting caught up today.

Would your recommend Redler's all access for novices with small accounts?

With wood prices up 100% since the first of the year and 400% since last year, any one looking at lumber?

These two are on my radar.
WFG
LPX

Lots of volume on WFG

UPWK is definitely making a move. Hopefully it can make a good run to where we can salvage something here.

FJ43 said:

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SPY Puts

I am adding some SPY May 350 Puts up here.

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Where do you all track skew? I can't get it to update in tradingview, shows December of 2020, strange.

MARA seems like it's going to $50 pretty quickly.

irish pete ag06 said:

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Just getting caught up today.

Would your recommend Redler's all access for novices with small accounts?

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I'll defer to someone else who has tried it. I haven't but would do a month trial if you're interested. I've heard it is really good and works with all sizes of accounts.

BREwmaster said:

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FJ43 said:

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SPY Puts

I am adding some SPY May 350 Puts up here.

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Where do you all track skew? I can't get it to update in tradingview, shows December of 2020, strange.

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I just enter SKEW INDEX into the symbol frame. I then choose 6 Month Daily as the view.

NXTD with a little pick me up volume.

Jet Black said:

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MARA seems like it's going to $50 pretty quickly.

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April 16 $55 covered calls can be had for $3.50+ right now

Ragoo said:

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Buy/Write
$MARA bought and sold 4/16 $50 call
Net entry $41

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Buying 100 shares, then selling a CC on them?

59 South said:

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irish pete ag06 said:

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Just getting caught up today.

Would your recommend Redler's all access for novices with small accounts?

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I'll defer to someone else who has tried it. I haven't but would do a month trial if you're interested. I've heard it is really good and works with all sizes of accounts.

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Are you trading options or equity? Are you under the PDT $25K if you're trading on margin? What is your ultimate goal if you sign up for a premium service? Redler isn't someone that sits there and just points and tells you to buy, sell, hold, etc.. He gives levels and his followings tend to take them. Redler is a great follow and smart guy. He is also very full of himself (most of these people are). I've never done his service, but have heard mixed reviews from people that have. If you are ok trading MOMO stocks and can baby sit stuff, I suggest this Nathan Michaud. He trades small caps on equity mainly.

https://twitter.com/InvestorsLive?s=20

FJ43 said:

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NXTD with a little pick me up volume.

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if it would only pick me up on the price LOL

I didn't notice this in time, but the 9:30-10:30 hour would have been a really good, easy day trade for ASO. Would have been an easy 2.5%-3% in under an hour.

ag94whoop said:

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FJ43 said:

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NXTD with a little pick me up volume.

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if it would only pick me up on the price LOL

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Yeah I am ready for it to move as well. If you have the time you have been able to trade this from 1.31 to 1.40 up and down for about a week now.

I have been buying trading shares then selling all to get capital back and moving net free trading shares to another account. Its not for everyone but passes the time and accumulates shares along the way.

Same with DNN from low $1 to $1.18/1.20 range.

Grabbed some QQQ 4/16 305P as a hedge up here. 321ish is big here and 320 got a bit of resistance. I could see some fade the rest of the day anfter these first three hourly candles. I'll cut them with a close near 321.

BTWN

Rolled my April 12.50c to June 12.50s.

SOS - fyi atlas is eyeing this one.

Im so new to this I didnt know how all that affected the wash sale rules etc.
I have thought doing that very thing but simply wasnt sure....also I havent done any real day trading and wasnt sure about the whole pattern day trader sticker. All my account values have net values over $25k so I think I am ok but I have withheld simply because I was unsure

Share vs short volume? Is there a way to tell what is shareholders selling their shares versus shorting of a stock? For instance KR today came out with what didn't appear to be ground breaking PR either way, but really got crushed in the opening hour and has had big volume so far today. Is there a way to see how much of that selling early was shorting versus selling shares owned?

ag94whoop said:

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Im so new to this I didnt know how all that affected the wash sale rules etc.
I have thought doing that very thing but simply wasnt sure....also I havent done any real day trading and wasnt sure about the whole pattern day trader sticker. All my account values have net values over $25k so I think I am ok but I have withheld simply because I was unsure

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The PDT only applies to accounts that are trading with margin. If you're in a cash account, most brokers leave you alone, though some do try to "protect you from yourself". Being tagged as a PDT has zero effect on anything other than having to maintain your account over $25K

Wash sale only matters when you're trying to write off losses. I say don't worry about it and definitely don't let it influence your trading.