Yeah, I'm in the same boat with you. My dividend stocks I don't want to sell, my MA's are fine, have a bond position I am thinking about exiting, but I have been holding it for 6 years and treated me well. Next week, I need a nice run up (nothing big) to sell Calls for 30 to 90 days out on some positions I want to keep and go from there. Those Calls I may ladder like a bank CD play and go longer than 90 days. Homework for the weekend. Have plenty of powder for a pullback.
Stock Markets
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Last: 11 hrs ago by Quacked
Farmer @ Johnsongrass, TX
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How long do you want to ignore this user?
FJ43 said:
So look at about everything then look ASAN and DOCU.
Relative strength defined.
Ran scans through the sector indexes (xli, xlf, xle etc) and most everything has already been trending down for several days except tech. Tech/qqq looks like the sector holding up the best. Once qqq goes, look out below.
SPY & Options Scalp Test
Well gents my 4 week SPY & Options scalp test is finished for Phase 1.
10k Cash Account
- WK 1 - $3,780
- WK 2 - $2,180
- WK 3 - $2,160
- WK 4 - $3,970 (lottos helped today!)
$10K < $22,090
Made a LOT of mistakes. Mostly not cutting losers quick enough and not letting some winners run correctly. Will adjust and regroup and make some adjustments and see how the next 4 weeks goes.
While really good ROI, it is hardly anything someone can hang their hat on. It is a small streak of luck until otherwise proven.
Well....maybe Gus
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
My RUN triggered.
Bought July 16 55C
Playing small.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
VIAC volume trigger from OA just went off (1,000,000 on the 5min bar). OA said calls $5 OTM 30-45 days out
The witches are cackling.
/ES ends right on it's 50 day EMA.
what a close - wow. new lows normally not made on Fridays folks.
You don’t trade for money, you trade for freedom.
WOW...they tapped my SPY 414.40 at the close.
Let's see what Monday brings but I am hopeful for a gap up to start.
Ugly daily chart look though.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Did you put those hedges on today?$30,000 Millionaire said:
what a close - wow. new lows normally not made on Fridays folks.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Last 5 minutes before close on SPY is UGLY
That is absolutely incredible. Do you feel you're taking risks that you wouldn't take with a larger sum?
We're not worthy.FJ43 said:
SPY & Options Scalp Test
Well gents my 4 week SPY & Options scalp test is finished for Phase 1.
10k Cash Account
- WK 1 - $3,780
- WK 2 - $2,180
- WK 3 - $2,160
- WK 4 - $3,970 (lottos helped today!)
$10K < $22,090
Made a LOT of mistakes. Mostly not cutting losers quick enough and not letting some winners run correctly. Will adjust and regroup and make some adjustments and see how the next 4 weeks goes.
While really good ROI, it is hardly anything someone can hang their hat on. It is a small streak of luck until otherwise proven.
Well....maybe Gus
Now....how much to watch your screens all day and put you on a microphone?
Huge volume there at the end of the day for TELL. I think they have some big news coming next week.
Bought SPY 415 for Monday expiry.
good or bad is the question as they were still Red candles.southernskies said:
Huge volume there at the end of the day for TELL. I think they have some big news coming next week.
No that was the point of my concept. I did not YOLO or all on black or red to inflate. My goal is a system that can be used for income generation/cash flow. This isn't a wealth building thing IMO....except I did roll profits in to ELOX and a few MAs then moved the shares into that account. I am a big believer in what OA and 30K do for wealth building.agdaddy04 said:
That is absolutely incredible. Do you feel you're taking risks that you wouldn't take with a larger sum?
Trade sizes were from 4%-10% of account value with the most being an AMZN at about $1700 or so.
5-10% of an account isn't normal and would never do that in my main account on an options scalp. I manage them closely to levels. The 5-10% I guess you could say is never 100% at risk.
I did take a few in the backside for letting something on waaaay too long in 'hope'.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I think that will be a good trade.Ragoo said:
Bought SPY 415 for Monday expiry.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
SPY puts for the ever-freaking win!!!!
Between that and ASAN's and BIGC I was up 6 figures on an absolute blood red day.
Lot of study to do over the weekend. Hope all faired well.
Between that and ASAN's and BIGC I was up 6 figures on an absolute blood red day.
Lot of study to do over the weekend. Hope all faired well.
Betting we continue to 413.44 before a rebound.
But I also bet we would continue yesterday's move this morning. So.
But I also bet we would continue yesterday's move this morning. So.
Thanks OA for great calls once again!oldarmy1 said:
SPY puts for the ever-freaking win!!!!
Between that and ASAN's and BIGC I was up 6 figures on an absolute blood red day.
Lot of study to do over the weekend. Hope all faired well.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Right? Always have to look for the bloody premarket and buy some options at the open if we get it.Ragoo said:
Betting we continue to 413.44 before a rebound.
But I also bet we would continue yesterday's move this morning. So.
FJ43 said:Did you put those hedges on today?$30,000 Millionaire said:
what a close - wow. new lows normally not made on Fridays folks.
Yes. I didn't go nuclear short but I took a net 10% short position.
You don’t trade for money, you trade for freedom.
Account was up today from shorts and long bonds.
I was -1.2% for the week because I got blown up on precious metals.
I was -1.2% for the week because I got blown up on precious metals.
You don’t trade for money, you trade for freedom.
WOW, this is incredible. Your worst week was being 21% up. You need to bottle and sell that formula FJ!FJ43 said:
SPY & Options Scalp Test
Well gents my 4 week SPY & Options scalp test is finished for Phase 1.
10k Cash Account
- WK 1 - $3,780
- WK 2 - $2,180
- WK 3 - $2,160
- WK 4 - $3,970 (lottos helped today!)
$10K < $22,090
Made a LOT of mistakes. Mostly not cutting losers quick enough and not letting some winners run correctly. Will adjust and regroup and make some adjustments and see how the next 4 weeks goes.
While really good ROI, it is hardly anything someone can hang their hat on. It is a small streak of luck until otherwise proven.
Well....maybe Gus
Are you counting value of physical precious metals in that, or just your positions in ETFs and such?
Dang I didn't. Was really hoping for some run at least but was so weak today.$30,000 Millionaire said:FJ43 said:Did you put those hedges on today?$30,000 Millionaire said:
what a close - wow. new lows normally not made on Fridays folks.
Yes. I didn't go nuclear short but I took a net 10% short position.
Maybe next week I can. Kicking myself on the measly VIX 30% gain I took on those calls. The whole point of those is insurance and zero or great return.
#stupid
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Will never sell it. But...if it can prove out something of value to people will share it for sure. Needs time though. It isn't rocket science at all.ibdm98 said:WOW, this is incredible. Your worst week was being 21% up. You need to bottle and sell that formula FJ!FJ43 said:
SPY & Options Scalp Test
Well gents my 4 week SPY & Options scalp test is finished for Phase 1.
10k Cash Account
- WK 1 - $3,780
- WK 2 - $2,180
- WK 3 - $2,160
- WK 4 - $3,970 (lottos helped today!)
$10K < $22,090
Made a LOT of mistakes. Mostly not cutting losers quick enough and not letting some winners run correctly. Will adjust and regroup and make some adjustments and see how the next 4 weeks goes.
While really good ROI, it is hardly anything someone can hang their hat on. It is a small streak of luck until otherwise proven.
Well....maybe Gus
What some of you do on identifying real value long term plays for wealth building is the rocket science. I just look at pretty pictures and lines on screens.
Thankful I have y'all otherwise I'd be relegated to this.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
RUN
Not sure if anyone entered it but I bought the July 55C when triggered close to end of day.
Its +2 ATR and has run the +3 in the past so really hoping for continuation.
Had crosses of the 8 on the 50EMA today and it also closed above the 100 & 200 EMAs for 1st time in a long while
Matching goal post in 2/2020 and 7/2020, But these 3 bars had me. Too much volume to ignore for me.
Hope it has some energy left.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
trin is also over 2.oldarmy1 said:Right? Always have to look for the bloody premarket and buy some options at the open if we get it.Ragoo said:
Betting we continue to 413.44 before a rebound.
But I also bet we would continue yesterday's move this morning. So.
So here's what is now in place. I juiced my July 30 $395 puts with Monday $415's when I tweeted that the move up off bottom last hour was clear level 1 short covering that actioned some losers thinking they were bottom buying.
After hours when we came under $413.75 I started buying shares against 50% of the $415 puts and barely executed my initial buy when it bounced to $413.85 so I quickly finished the order and now those are in the most excellent rocking chair position.
That late surge upward was the greatest gift cause I would bet money on days like today we end up back at or below lows. I did bet money.
After hours when we came under $413.75 I started buying shares against 50% of the $415 puts and barely executed my initial buy when it bounced to $413.85 so I quickly finished the order and now those are in the most excellent rocking chair position.
That late surge upward was the greatest gift cause I would bet money on days like today we end up back at or below lows. I did bet money.
AgEng06 said:
Are you counting value of physical precious metals in that, or just your positions in ETFs and such?
Trading account only.
You don’t trade for money, you trade for freedom.
Only thing better than a 5x is a fresh mowed lawn. Happy Father's Day, gents.
CrazyRichAggie said:
Only thing better than a 5x is a fresh mowed lawn. Happy Father's Day, gents.
Happy Fathers Day. Hope you have a very Blessed one.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
$TSLA#update
— Ripster (@ripster47) June 18, 2021
Getting Tighter
Nicely Green on this!
Maybe some Weeklies n play as well next week https://t.co/lEXXx20Qgh pic.twitter.com/RdHxKss7SR
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
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