No I was more questioning whether I was correct with my stop loss or playing it too tight. I took shares at 1.95, so a stop at 1.80 is a tight stop, less than 8% loss. I hate setting stops on these things, but at the moment with my account bleeding small caps I wanted to be more diligent about setting a stop and sticking to it.
Stock Markets
24,577,829 Views |
233189 Replies |
Last: 1 hr ago by Heineken-Ashi
With ESPN, Marvel, Star Wars, Pixar, and a reasonably successful streaming platform that kids live on, the company isn't going anywhere. Long term, DIS will preserver and grow.
As far as the bleeding, I'm new to analytics (and investing in general), but the weekly and monthly charts both have EMAs around 140 (200 EMA and 50 EMA respectively), so support might not arrive until then. I know a lot of folks on here seem to live and die on pointing out gaps, and it's worth mentioning that the daily and weekly have a gap that goes down to around 128.
It'll bounce back eventually and I plan on buying more shares as it falls like Triple Bagger
As far as the bleeding, I'm new to analytics (and investing in general), but the weekly and monthly charts both have EMAs around 140 (200 EMA and 50 EMA respectively), so support might not arrive until then. I know a lot of folks on here seem to live and die on pointing out gaps, and it's worth mentioning that the daily and weekly have a gap that goes down to around 128.
It'll bounce back eventually and I plan on buying more shares as it falls like Triple Bagger
Minimal downside risk at this price. It would definitely be one of the main targets for money when there's a rotation out of tech.BaylorSpineGuy said:
Anyone going long DIS with shares here?
Down after a bad earnings but this company always manages to reinvent itself. With possible expanding college
Football playoffs, could be more games and more viewers for ESPN. Company is a bit woke for my taste, but seems a solid company and will be even better after COVID.
Thoughts?
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,968
How long do you want to ignore this user?
AG
NRD09 said:
I'm as permabull as there is, but I got bent over last time I thumbed my nose at the bicycle chart. It is just too consistent
Stupid bicycle chart. Weak opex. I got spy puts for Monday, if those don't pay (or even if they do) I'm flipping long for Santa rally
looks like AMAT may have finished "paying" for the miss. bottoming and volume seems to be picking up.
Man, AMZN giveth, then AMZN taketh away.
Yeah, thanks for that. I'm gonna buy DIS come Monday.
Today was OPEX. Amazon probably provides some good entries next week.
CEI flying AH
Waiting for a higher low and any type of strength to show up. 152 is a very key level. If it loses that I can see the next 2 supports being 142 and 134. 134 is a very large area of support. If it can hold 152, I am going to take a starter on some LEAPSBaylorSpineGuy said:
Anyone going long DIS with shares here?
Down after a bad earnings but this company always manages to reinvent itself. With possible expanding college
Football playoffs, could be more games and more viewers for ESPN. Company is a bit woke for my taste, but seems a solid company and will be even better after COVID.
Thoughts?
Speaking of sector rotation above. When does Tech cool off?
The QQQs have really diverged from the others in the last 5 months.
The QQQs have really diverged from the others in the last 5 months.
AAPL sure didn't care. I played it 3 times this week. I think HP had a 163 target. It's almost there.$30,000 Millionaire said:
Today was OPEX. Amazon probably provides some good entries next week.
Today may be my proudest day of day trading. I've been trying to get better day trading by playing defense first to preserve capital. The 2 days prior both were great days for my small little account with catching some good sized runners that saw my little account grow by 33% and 27% respectively.
Today was not quite so much. Most setups I took ended up being quite choppy and didn't follow through. Lots of fake outs with it being OPEX Friday. In my older days this would have wrecked me and I would have given up all the gains from the previous day.
Instead I was only red by $18 while playing 5 different tickers today. I was in and out of trades quickly. A few small losses and a couple of small wins. Capital preserved and onto the next week.
Today was not quite so much. Most setups I took ended up being quite choppy and didn't follow through. Lots of fake outs with it being OPEX Friday. In my older days this would have wrecked me and I would have given up all the gains from the previous day.
Instead I was only red by $18 while playing 5 different tickers today. I was in and out of trades quickly. A few small losses and a couple of small wins. Capital preserved and onto the next week.
awesome!
You need to know your stops in advance.
I would pay for a formula that would calculate stops taking into account:$30,000 Millionaire said:
You need to know your stops in advance.
1) an individual's investor's overall risk tolerance
2) a stock's "risky-ness" (I've seen them on some websites)
3) a stock's current volatility
4) the stock's industry trends
5) the size of the trade relative to an investor's entire portfolio
6) where the stock is (oversold/undersold)
7) other relevant company stats.
8) blah blah blah.
the list above is probably garbage....but you get the idea. I've made a lot of errors setting stops (and I have gotten some right) so I could use some help, especially when I get to trading quickly during volatile times.
VKTX. hmmmm. I might put a few $ into this craziness as a total gamble.
cageybee77 said:
VKTX. hmmmm. I might put a few $ into this craziness as a total gamble.
Tell me more
just saw this and found it interesting.
Wall Street Analysts Think Viking Therapeutics, Inc. (VKTX) Could Surge 226%: Read This Before Placing a Bet | Nasdaq
Wall Street Analysts Think Viking Therapeutics, Inc. (VKTX) Could Surge 226%: Read This Before Placing a Bet | Nasdaq
Thanksgiving for me will be different but it used to consist of pitches of why I should "help out" family members. They get upset when my help out approach involves effort.
cageybee77 said:I would pay for a formula that would calculate stops taking into account:$30,000 Millionaire said:
You need to know your stops in advance.
1) an individual's investor's overall risk tolerance
2) a stock's "risky-ness" (I've seen them on some websites)
3) a stock's current volatility
4) the stock's industry trends
5) the size of the trade relative to an investor's entire portfolio
6) where the stock is (oversold/undersold)
7) other relevant company stats.
8) blah blah blah.
the list above is probably garbage....but you get the idea. I've made a lot of errors setting stops (and I have gotten some right) so I could use some help, especially when I get to trading quickly during volatile times.
Some simple rules anyone could use:
1) for options put 1-2% of your account value into a given trade. Stop loss at 50%. Set the stop when you make the trade
2) for lottos, bet 0.5% or less and be prepared for zero
3) for stocks, 5% of portfolio, set a stop below major support.
This gets talked about a lot but your reward has to exceed your risk across all your trades
If you're playing weeklies, either play small or have rigid stop control. Most people aren't good at that.
Long calls are best 2 months out. That way you can get out when the trade is no longer valid without being totally destroyed
Long calls are best 2 months out. That way you can get out when the trade is no longer valid without being totally destroyed
Does size of account not matter when giving the %s?
agdaddy04 said:
Does size of account not matter when giving the %s?
It depends on your objectives. If you had a 5K account, you'd have to bet bigger. I would do like 5% then.
Anyone ever had success with self made algorithms automatically trading for you? Something that you developed yourself, not bought.
Years ago I spent a lot of hours looking at options prices and experimenting with different buy/sell rules and found one or two methods that had totally ridiculous gains, enough to merit risking some money, but only over a few years, then no more gains. Signs of changing markets I guess. I didn't have money to experiment with then, so it was more of programming exercise for me, but now I have some cash I could just dedicate to letting something run if I found something that fit the current markets.
There is the hindsight and survivorship bias in this approach and recognizing a shift in the viability of a trading strategy in real time might not be possible.
Years ago I spent a lot of hours looking at options prices and experimenting with different buy/sell rules and found one or two methods that had totally ridiculous gains, enough to merit risking some money, but only over a few years, then no more gains. Signs of changing markets I guess. I didn't have money to experiment with then, so it was more of programming exercise for me, but now I have some cash I could just dedicate to letting something run if I found something that fit the current markets.
There is the hindsight and survivorship bias in this approach and recognizing a shift in the viability of a trading strategy in real time might not be possible.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,881
How long do you want to ignore this user?
I would love to have the time to work through creating of a trading algorithm. That sounds like a blast. I would suggest that every correlation, or factor, you include in your algorithm should have a reason why it would be included in a predictive model. Why are the ranges or limits appropriate. Why use that metric versus a similar metric. That is how you apply knowledge base and experience to multi-variant history matches in order to (hopefully) make them predictive. Otherwise you are more likely to end up relying on biased models that may match historical behavior but have limited application for prediction.
Additionally, that type of thought going into your model makes it easier to make adjustments to market changes quickly instead of needing a ton of failure data, and losing money, before you scrap and change models.
Additionally, that type of thought going into your model makes it easier to make adjustments to market changes quickly instead of needing a ton of failure data, and losing money, before you scrap and change models.
Ragoo said:
This is already done
https://optionalpha.com/
I'm asking if anyone had any success with their own algorithms? Have you?
I am not smart enough for that
Folks,
I'm going through charts and most either look like crap or they're extended. Feels like a time for some caution.
I'm going through charts and most either look like crap or they're extended. Feels like a time for some caution.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,968
How long do you want to ignore this user?
AG
Well which of the small cap/ techs look most like crap, so we can buy bargain basement before russell/pharma/Santa rally?
Think I'm reloading crwd dec17 calls in the morning and probably some more luv calls. Zm earnings tomorrow, lots of fud sentiment, could be a good call lotto opportunity
Think I'm reloading crwd dec17 calls in the morning and probably some more luv calls. Zm earnings tomorrow, lots of fud sentiment, could be a good call lotto opportunity
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,968
How long do you want to ignore this user?
AG
Aggiedaniel still ducking in? I remember he had an algo
NRD09 said:
Well which of the small cap/ techs look most like crap, so we can buy bargain basement before russell/pharma/Santa rally?
Think I'm reloading crwd dec17 calls in the morning and probably some more luv calls. Zm earnings tomorrow, lots of fud sentiment, could be a good call lotto opportunity
Have you looked at the premium?
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,968
How long do you want to ignore this user?
AG
On what? Zm? I have not...I'm at the beach, what I posted is pretty much the extent of my analysis at the moment 
Featured Stories
See All
21:11
8h ago
1.5k
Payne makes Reed debut as Aggies host East Texas A&M on Friday night
by Olin Buchanan
38:43
1d ago
2.5k
Scouting Report: No. 13 Texas A&M vs. East Texas A&M
by Tom Schuberth
35:14
6h ago
614
Reed Report: Catching up with Boots as A&M hoops is underway
by Luke Evangelist