Probably going to open at her targets the way this is going futures wise. Likely looking short tomorrow.
Stock Markets
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Last: 8 hrs ago by vbl
Thanks very much. She's continuing to fight her way through the battles.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
UWMC recovering this morning. Announced the termination of the secondary offering and concurrent stock repurchase. Now just accelerating the buyback program.
I think we're at the beginning of a 4th COVID wave. Europe is getting it pretty bad right now with Austria going back into lockdown and Germany considering doing the same.
In the US, cases are rising quickly in the colder areas of the country. As we get into winter and people spend more times indoors, I expect the case numbers to rise.
The market has been mostly unaffected by the 2 prior waves, but that doesn't mean this will be the same.
Any ideas how to play a 4th wave? Looks like travel stocks are already down (ie cruises and airlines).
In the US, cases are rising quickly in the colder areas of the country. As we get into winter and people spend more times indoors, I expect the case numbers to rise.
The market has been mostly unaffected by the 2 prior waves, but that doesn't mean this will be the same.
Any ideas how to play a 4th wave? Looks like travel stocks are already down (ie cruises and airlines).
need to buy back into AMAT this morning. Not sure how far it will continue down post "earnings" miss.
edit: although I'm not sure how much enthusiasm buyers will have given the supply chain issues going forward.
edit: although I'm not sure how much enthusiasm buyers will have given the supply chain issues going forward.
+$2,370 for the week
+$9,800 over the last 3 weeks
All wired out as income.
Only batting about 50% but being diligent to cut losers quick. No real big winners either. Just consistent $200-500 gains.
Probably not for everyone but something I have been doing - I am fully invested with my cash in my trading account. So all of my swing trades are done on margin, being fully invested shows collateral and margin ability to my account. I have been beginning the week with a $0 cash balance. That scarcity has forced a mindset of the quick out on a loser. Before when I was carrying a lot of cash I was letting trades ride hoping they would turn around because they were covered by cash. Already paid for in a sense. Using margin, the laying small, and playing quick has made me more protective against the downside.
Probably a weird mental model but it has been good for me.
+$9,800 over the last 3 weeks
All wired out as income.
Only batting about 50% but being diligent to cut losers quick. No real big winners either. Just consistent $200-500 gains.
Probably not for everyone but something I have been doing - I am fully invested with my cash in my trading account. So all of my swing trades are done on margin, being fully invested shows collateral and margin ability to my account. I have been beginning the week with a $0 cash balance. That scarcity has forced a mindset of the quick out on a loser. Before when I was carrying a lot of cash I was letting trades ride hoping they would turn around because they were covered by cash. Already paid for in a sense. Using margin, the laying small, and playing quick has made me more protective against the downside.
Probably a weird mental model but it has been good for me.
Probably PFE and MRNA because I'm sure governments will push people into more boosters of their worthless vaccines and handout the "new" Pfizermectin like Halloween candy.
MRNA smokin' PM
hitting singles is not bad. it does take time and effort.
Trying to hit home runs all the time is how people blow up accounts...cageybee77 said:
hitting singles is not bad. it does take time and effort.
Signed,
Someone that has blown up an account in the past
ETA:
Congrats and great work Ragoo!
Remember the last time Covid had a deleterious bearing upon the market? The following day (which may have came over a wknd, I forget) was an absolute ripper. The markets materialize any dip**** excuse to make it swing a certain way. A Scandinavian takes a shart in an outhouse with a 35 degree windchill hunkering down upon the aluminum siding = "It's a red day."
Hell yeah, love this. Did you read about this or just started giving it a trial run?Ragoo said:
+$2,370 for the week
+$9,800 over the last 3 weeks
All wired out as income.
Only batting about 50% but being diligent to cut losers quick. No real big winners either. Just consistent $200-500 gains.
Probably not for everyone but something I have been doing - I am fully invested with my cash in my trading account. So all of my swing trades are done on margin, being fully invested shows collateral and margin ability to my account. I have been beginning the week with a $0 cash balance. That scarcity has forced a mindset of the quick out on a loser. Before when I was carrying a lot of cash I was letting trades ride hoping they would turn around because they were covered by cash. Already paid for in a sense. Using margin, the laying small, and playing quick has made me more protective against the downside.
Probably a weird mental model but it has been good for me.
singles is tradingIrish 2.0 said:Trying to hit home runs all the time is how people blow up accounts...cageybee77 said:
hitting singles is not bad. it does take time and effort.
Signed,
Someone that has blown up an account in the past
ETA:
Congrats and great work Ragoo!
Home runs is gambling
I had to stop gambling.
I came up with it myself.
I initially was thinking to buy shares long on margin and sell calls for income. But then I decided I didn't want to hold margin overnight. Even though my other "long" positions were enough collateral I didn't want to risk a margin call.
So I decided to stick with options and not hold anything overnight.
Note: I have played calls and puts. Same ticker multiple times. Long calls, sell, immediately long puts. Or long calls and hit a stop for a loser then buy the put and make back what I just lost plus a little.
I initially was thinking to buy shares long on margin and sell calls for income. But then I decided I didn't want to hold margin overnight. Even though my other "long" positions were enough collateral I didn't want to risk a margin call.
So I decided to stick with options and not hold anything overnight.
Note: I have played calls and puts. Same ticker multiple times. Long calls, sell, immediately long puts. Or long calls and hit a stop for a loser then buy the put and make back what I just lost plus a little.
Trading is a garage sale.
Not everything at the garage sale sells for what you want, but getting money in for your stuff is what you want. each trade is an item at your garage sale. Move each item and sell another one to the next person.
Don't be left with a bunch of **** you take a hit on at the end of your garage sale.
Another thing: It helps me NOT to think about the max possible gain on a trade. That leaves you hanging on for "what could be" and that almost never develops. Bird in the hand and all that nonsense, but seriously, if you got gainz, it's OK to take them and "sell the next item".
Not everything at the garage sale sells for what you want, but getting money in for your stuff is what you want. each trade is an item at your garage sale. Move each item and sell another one to the next person.
Don't be left with a bunch of **** you take a hit on at the end of your garage sale.
Another thing: It helps me NOT to think about the max possible gain on a trade. That leaves you hanging on for "what could be" and that almost never develops. Bird in the hand and all that nonsense, but seriously, if you got gainz, it's OK to take them and "sell the next item".
Love it. and on the "collateral" you're selling covered calls making additional income.
crap, what am I going to do with this fookin box of graphite?
that's right. Although I've had to sell longer dated calls to cover past transgressions.BREwmaster said:
Love it. and on the "collateral" you're selling covered calls making additional income.
Does SNDL start their buyback today? If so I hope they dump it all in today on OPEX. Dump it in at 2:59 CT and let the squeeze commence.
A quick opinion on the macro scheme....Europe is frightening people this morning with the lockdown reports.....and there is a huge, HUGE HUGE expiration on SPX options at the 4700 level this morning that's going to affect delta/gamma going forward. This could create some volatility in the short term. COULD.
Unusually large volume in premarket trading right now. Futures with 5-10k contracts on the 2 min chart pushing through 4702, and SPY with 125k on the 5 min chart. Thinking I might pull off my spreads and look to watch for a retest of 4670 zone.
VIX is also up 4% in premarket.McInnis 03 said:
A quick opinion on the macro scheme....Europe is frightening people this morning with the lockdown reports.....and there is a huge, HUGE HUGE expiration on SPX options at the 4700 level this morning that's going to affect delta/gamma going forward. This could create some volatility in the short term. COULD.
It is the disconnect between the tech and conventional. It happened last time there was this big of a disconnect as wellAG 2000' said:VIX is also up 4% in premarket.McInnis 03 said:
A quick opinion on the macro scheme....Europe is frightening people this morning with the lockdown reports.....and there is a huge, HUGE HUGE expiration on SPX options at the 4700 level this morning that's going to affect delta/gamma going forward. This could create some volatility in the short term. COULD.
Stuck my nose in fruit $160C this morning at that slight dip. Left a runner already after a little gain. This thing is crazy lately.
PYPL getting chopped.
Bob Knights Paper Hands
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Decent SAVA volume. Also had decent volume yesterday early. Anybody see any news or is this simply residual buying/selling from Wednesdays selloff?
SAVA doing SAVA things! Up 11%
Credit Suisse just made a 2 million dollar investment a little bit ago. If they can make a 2 mil investment, I can average down with another $600 investment!
Credit Suisse just made a 2 million dollar investment a little bit ago. If they can make a 2 mil investment, I can average down with another $600 investment!
Pharma is cutthroat and SAVA is in on a possible life changing drug if it gets FDA approval. Hedge funds employed by competing pharma companies are shorting the crap out of sava at times. just gotta ride the waves. SAVA will be big. like post covid moderna big.Bob Knights Liver said:
Decent SAVA volume. Also had decent volume yesterday early. Anybody see any news or is this simply residual buying/selling from Wednesdays selloff?
BIGC RDR?
Spoony Love said:
Stuck my nose in fruit $160C this morning at that slight dip. Left a runner already after a little gain. This thing is crazy lately.
It sucked me in, I had 158.7 as the line to buy and I took an entry and then SPY have me a red rocket.
after it takes out 159, 161 is next, then 163. They're keeping it pinned at 159 or lower so far though.Spoony Love said:
Stuck my nose in fruit $160C this morning at that slight dip. Left a runner already after a little gain. This thing is crazy lately.
I went ahead and took the profit at about $158.9. Happy to watch from the sidelines.
Now the degenerate in me is seeing if SPY can push to $471. It was cheap on the dip and I could use some entertainment today, especially if it pays out.
Now the degenerate in me is seeing if SPY can push to $471. It was cheap on the dip and I could use some entertainment today, especially if it pays out.
Bob Knights Paper Hands
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My TSLA 1090/1100/1110 fly is just about to offset my losses on 11/19 TSLA put spreads and flies, but I've taken a bit of a beating on SPY put spreads and flies this week. Unless something crazy happens and we get the worst OPEX Friday we've seen in awhile, those will expire worthless. I'm taking next week completely off so y'all go ahead and get AMD and AMZN up another 10% and ROKU and SAVA back to ATH while I'm away.
Bob Knights Paper Hands
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GLD and GDX may do something big soon. 5 and 10 converging as they've been consolidating this past week.
Entering BMRN January 100Cs. Breaching the 200DEMA for the first time since January.
Just got an FDA approval this morning too.
Just got an FDA approval this morning too.
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