FJ43 said:I believe he is refencing the key of parabolic move. When something has a parabolic move like MVIS did, you could have sold at $30s and bought back with 2-3X shares at primary support levels. Don't think he is referring to general rise and fall of price.wanderer said:I assume he's saying that you should have sold on the parabolic move to 30 even if you are net free?FJ43 said:
Good lesson here.$MVIS with the "This is why even when net free you sell parabolic moves" educational moment.
— 2021 Opportunity Stocks Knock (@oldarmy1) April 30, 2021
It seems that kind of flies in the face of what he's typically said. It's always "go net free and forget about it"
SNDL would be another good example for me. Should have sold at $4.50+ all I had regardless. I can buy it now for $0.88 once again if I wanted. Net Free or not that's less than 20% of where it was.
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Last: 3 hrs ago by HoustonAg_2009
So X is doing that thing where earnings beat estimates and the stock is punished for it with some big profit taking?
I'm holding on to my calls unless the blue cloud (34/50) is not held on the daily today (Premarket has it touching it)
I still like where UWMC is for now. I can see some volume and potential run up left before earnings. Even though the last 2 days have been nonplussing, the trend on the daily is still holding.
DPW is trying to grind back up. I actually took some cheap MAY $3 calls. DPW owns 41 million shares of NAKD, and Atlas is pumping it now, so hoping that can be a catalyst to push it above the psychological $3 mark. DPW will be a long grind up because this stock is riddled with astronauts.
Please make no decisions based on this. I am just continuing to try and fish on my own!
I'm holding on to my calls unless the blue cloud (34/50) is not held on the daily today (Premarket has it touching it)
I still like where UWMC is for now. I can see some volume and potential run up left before earnings. Even though the last 2 days have been nonplussing, the trend on the daily is still holding.
DPW is trying to grind back up. I actually took some cheap MAY $3 calls. DPW owns 41 million shares of NAKD, and Atlas is pumping it now, so hoping that can be a catalyst to push it above the psychological $3 mark. DPW will be a long grind up because this stock is riddled with astronauts.
Please make no decisions based on this. I am just continuing to try and fish on my own!
ibdm98 said:I bought a $AMZN lotto 4/30 3600C yesterday before close. How high do you think AMZN gets this morning?$30,000 Millionaire said:FJ43 said:
Quiet thread this morning. Where is everybody?
Waiting. Other than my amazon lotto fly, most of my positions now are may/June expiry.
Sell it at open for highest probability gain. Theta decay very fast
You don’t trade for money, you trade for freedom.
AG 2000' said:$30,000 Millionaire said:FJ43 said:
Quiet thread this morning. Where is everybody?
Waiting. Other than my amazon lotto fly, most of my positions now are may/June expiry.
While we're waiting, can you talk more about that fly?
What are you looking for? What's your exit strategy?
I want to gauge if a pin is possible. If I conclude amazon is going to start selling off, I'm going to dump it. I do want it to be above 3570 by 12 central to keep it longer.
You don’t trade for money, you trade for freedom.
PLTR slugfest continues on the open.
23.48 would be Model T from yesterday's high and low. Let's see if it gets there and what it does.
Friday Late Macros.. See How we did
S+P 's will finish up the month up about 6%, while US Bond indices will be up less than 1%... Expect money to flow into bonds today from equities... That is what we are seeing this morning...US equity futures are down across the board with S+P down 22 points... And treasuries are steady at the important 1.64 level, with a 1.66 overnight high... Based on some calculus by a service we subscribe to, it looks like 55 billion will be reallocated today...for those that trade treasuries closely, there is no trading next week out of Japan until Thursday ( Golden Week) and no trading in London Monday,(May Day we presume) so when treasuries close today there will be no trading until NY comes in around 6 am Monday.
Our view towards higher rates and a bearish month of May continues... It could be curtailed until June, but we think economic numbers will continue to bash the Fed's idea of transitory numbers... Our early look at the nonfarm number next week is 1.25 million... We expect the whisper number to increase over next week. Today we will have some chunky numbers as the expectation for PERSONAL INCOME IS EXPECTED TO BE OVER 20%...hello.. Are these Chinese numbers?... Nope the good old USA, up 20%...we still think the Fed will be pushed as the numbers come out stronger and stronger... And if you did not notice in last nights Fed numbers, the FED BALANCE SHEET DECREASED, in the latest reporting week. The Fed's holdings of mortgage backed decreased by 55.7 billion, the most on record, to 2.19 trillion... We would love to say this is the start of a trend, but we do not believe it..not yet... Too early for tapering
Nothing to report on corporates... Slow week of about 15 billion of issuance ... BB had a story that HY is priced to perfection... Meaning a topping process is starting... But these topping processes can go longer than one expects... But if the Fed blinks in June, the top will be in...
Outlook is still inflationary or reflationary...We have seen good volume pick ups in 1) selling of Bunds 2) buying of SX7E (Euro Bank Stocks) 3) Copper 4) Lumber... So do not write off the reflationary trade...Overnight Barclays put out a steepening recommendation of 5/30's . There are multiple ways to play the reflation trade, being outright long US treasuries or Bunds , is not one of them... Austrian 10 years were the latest to exit the negative yield space yesterday, after being negative since 4/14/20... This leaves 5 European 10 years still in Negative territory after 18 had been there... Positive rates are coming back... And global yields are going higher.... Have a good weekend
S+P 's will finish up the month up about 6%, while US Bond indices will be up less than 1%... Expect money to flow into bonds today from equities... That is what we are seeing this morning...US equity futures are down across the board with S+P down 22 points... And treasuries are steady at the important 1.64 level, with a 1.66 overnight high... Based on some calculus by a service we subscribe to, it looks like 55 billion will be reallocated today...for those that trade treasuries closely, there is no trading next week out of Japan until Thursday ( Golden Week) and no trading in London Monday,(May Day we presume) so when treasuries close today there will be no trading until NY comes in around 6 am Monday.
Our view towards higher rates and a bearish month of May continues... It could be curtailed until June, but we think economic numbers will continue to bash the Fed's idea of transitory numbers... Our early look at the nonfarm number next week is 1.25 million... We expect the whisper number to increase over next week. Today we will have some chunky numbers as the expectation for PERSONAL INCOME IS EXPECTED TO BE OVER 20%...hello.. Are these Chinese numbers?... Nope the good old USA, up 20%...we still think the Fed will be pushed as the numbers come out stronger and stronger... And if you did not notice in last nights Fed numbers, the FED BALANCE SHEET DECREASED, in the latest reporting week. The Fed's holdings of mortgage backed decreased by 55.7 billion, the most on record, to 2.19 trillion... We would love to say this is the start of a trend, but we do not believe it..not yet... Too early for tapering
Nothing to report on corporates... Slow week of about 15 billion of issuance ... BB had a story that HY is priced to perfection... Meaning a topping process is starting... But these topping processes can go longer than one expects... But if the Fed blinks in June, the top will be in...
Outlook is still inflationary or reflationary...We have seen good volume pick ups in 1) selling of Bunds 2) buying of SX7E (Euro Bank Stocks) 3) Copper 4) Lumber... So do not write off the reflationary trade...Overnight Barclays put out a steepening recommendation of 5/30's . There are multiple ways to play the reflation trade, being outright long US treasuries or Bunds , is not one of them... Austrian 10 years were the latest to exit the negative yield space yesterday, after being negative since 4/14/20... This leaves 5 European 10 years still in Negative territory after 18 had been there... Positive rates are coming back... And global yields are going higher.... Have a good weekend
The words make sense but I have no clue what they are telling me to do
Anyone still holding 04/30 PLTR calls?
X having a good day, but the calls have taken a hit since IV had earnings built in.
I think it means sleep until some time in June.
PLBY
If you took this trade yesterday options are about 45-50% up. Needs to get passed 50.37 here.
I will trim into 52.79 should it reject that. Then 55.56.
$MARA getting close to a reversal on the 4hr. Long accumulation period may be over? Hope so.
I sold puts instead. Glad it it is coming back.
Made 26% on the 30k AMZN Butterfly Lotto.
After some of the ups and downs I'll take a routine hit here.
After some of the ups and downs I'll take a routine hit here.
NIO getting some volume steady climb intraday.
It has really bounced nicely off of the trend line that it opened at.wanderer said:
X having a good day, but the calls have taken a hit since IV had earnings built in.
X reclaiming the MAs. Rejected at the 5 day so far but above all others.
Get over about $23.86 and $25 becomes the magnet again.
Sold my SPY puts a little too early. Should have waited for more confirmation above 418.50.
To busy listening to Twitter and not charts.
To busy listening to Twitter and not charts.
MVIS can piss right off!!
Sold the remaining of my net free shares at the open expecting this to tank even more...
Sold the remaining of my net free shares at the open expecting this to tank even more...
dude. 50% pullback off the most recent high and selling net free shares? Why?E said:
MVIS can piss right off!!
Sold the remaining of my net free shares at the open expecting this to tank even more...
NIO for the RDR after earnings?
Hard to get excited about buying anything on a dip when this crap might tank any moment.
RDR?FJ43 said:
NIO for the RDR after earnings?
Red Dog Reversal.AG 2000' said:RDR?FJ43 said:
NIO for the RDR after earnings?
I bought some nio - but keeping a tight stop loss
Yep sorry as Crazy said. Red Dog Reversal. Redler term for a stock that is confirming a reversal.AG 2000' said:RDR?FJ43 said:
NIO for the RDR after earnings?
I'm feeling lots of pressure. Had my youngest son load up on NIO AH late yesterday picking off shares in low 38s long term in his ROTH.cageybee77 said:
I bought some nio - but keeping a tight stop loss
I'd rather lose on all my current trades than him lose on anything I suggest to him.
Hola amigos... just dropping in to post the insane bullish engulfing NIO hourly candle. Put that in a damn text book. $60 next week?
Come on $X....you are so close to breaking this 23.86FJ43 said:
X reclaiming the MAs. Rejected at the 5 day so far but above all others.
Get over about $23.86 and $25 becomes the magnet again.
my Jan23 45c leaps say YES PLEASE.59 South said:
Hola amigos... just dropping in to post the insane bullish engulfing NIO hourly candle. Put that in a damn text book. $60 next week?
Dangit - lost $18. Oh well....back to watching.
So do my stupid silly stockpile of retirement account shares. Can we just put it at like $500 and call it a day and let me retire?
SPY has to hold here.
I just picked up NIO 6/18 $50 calls $1.27 entry target $3.80
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