I was away almost all day with real life ****, sorry brother, I'll try to do better.AgEng06 said:I don't know why Prog is being stingy with the rally today...BrokeAssAggie said:
Let's go power hour
Thanks for posting and welcome.Thriller said:
Talking out loud. Respond if you want, but mainly this is diarrhea of the keyboard, trying to learn and put my thoughts on "paper".
I'm trying to figure out when/where to take profits. I had a few positions in a 50K account at around 2K each. I bought these prior to jumping into the conversation and can't really tell you why I bought them except for the fact that i "felt" they had been hit too hard in recent months. "That's not a great reason to buy, but I do feel like it's a good reason to start research.
However, now that I have them, I'm trying to follow some of the recent guidance and lock in some profits, set some stops, and then reevaluate when/where to get invested again.
What I'm trying to avoid is selling for the same reasons I nought - gut feeling. I have the following (all long, no options yet).
TSLA: Bought at $790. I sold a fractional share at $911 (15% gain), leaving 2 shares. I sold another today at 25%, leaving 1. I'm tempted to put a stop in (where???) and just let it ride. Should I sell this last piece or let it ride?
NVDA: Bought 9 shares at $221. Sold 4 at $265 (~20%). Current stop is at B/E.
Similar sized positions in AMZN, AAPL, MSFT, DIS, FDX, APA, and LOW. Those aren't up enough to to sell (or are they - all less than 10%). Stops are set at 80% of entry price.
Companies on my radar from a macro perspecctive: CSX (or another railroad), KR, and possibly a bank (BAC maybe)
I also followed 30K into a couple of smaller plays for less than 1%.
McInnis 03 said:You can google the "JPM Protective Collar" to get the gist, but it's hard to find a better explanation than thisBaylorSpineGuy said:McInnis 03 said:🤔🤔 https://t.co/PPGCPU6Q96
— chika (@chikatrades) March 22, 2022
What does this mean? Talk to me in simple terms. Is this a reference to the Carl Icahn trade from a couple months ago where he bet like $2B on deep OTM calls when market was at like 4200?
https://threadreaderapp.com/thread/1444085220173623296.html
then go look at the SPX 3/31 expriy, look at the 3810p OI and the 4510p OI. Finally take a gander at the 4920c OI. This is the JPM collar and it affects how things end on 3/31, at least that's the thesis.
1/ Interesting inflection point (and pin risk?)
— Sergei Perfiliev 🇺🇦 (@perfiliev) March 23, 2022
SPX closed at 4,511 today - almost at the short $JHEQX put strike of 4,510.
This short dealer put is negative gamma, which tends to add to volatility.
Surely we won't stay at 4,510 too long, right?
Not quite...
I could go for that! Both the FJ80 AND the plates!cptthunder said:
FJ - I think you need to add this to your collection
https://bringatrailer.com/listing/1996-toyota-land-cruiser-fj80-56/
Add some custom plates: SPY SCALP
You would be set
So, when is FJ moving into your sanctuary, ahem "get away place"?BrokeAssAggie said:
That's a good looking jeep. Go for it and tell her to stay in her lane..
ProgN said:So, when is FJ moving into your sanctuary, ahem "get away place"?BrokeAssAggie said:
That's a good looking jeep. Go for it and tell her to stay in her lane..
In terms of a classic 60/40 portfolio, this means the pension funds need to sell equities to buy bonds in order to rebalance the portfolios at end-of-month 👇 https://t.co/tjK4qqpBkU
— Sergei Perfiliev 🇺🇦 (@perfiliev) March 23, 2022
Breather pullback here overnight......may try to unload this just after open and take the pop.McInnis 03 said:
Bought a 3/25 1000p/975p/950p as insurance against my TSLA longs for $4.30. Not expecting much, but even a slight breather pullback would make it workable. This may be a lost trade but would be made up for by the longs so it's really a small hedge.
Thriller said:
All good, Prog. I'll take in whatever is offered with gratitude.
I'm trying to soak things in here, which I is sometimes difficult given the speed at which things move during the trading day. At least some of the jargon is starting to make sense.
The mind-boggling thing I realize this afternoon are all the variables that need to line up to make moves work:
- Macro Factors
- Position Size
- Direction
- Timing
- Proper Entry Point
- Multiple Exit Strategies
- RiskManagement (R/R)
- Proper strategy to take advantage of the above
- Oh - and identifying a good setup, of course
I know they don't all have to be good to make a good trade happen, but you can't get many wrong and hope to succeed long term, I would imagine.
took the slightest of gains. Still holding longs.McInnis 03 said:Breather pullback here overnight......may try to unload this just after open and take the pop.McInnis 03 said:
Bought a 3/25 1000p/975p/950p as insurance against my TSLA longs for $4.30. Not expecting much, but even a slight breather pullback would make it workable. This may be a lost trade but would be made up for by the longs so it's really a small hedge.
you crazy fudgers. Buying this weeks 150c/200c/250c for $4.40AgShaun00 said:
GO GME GO!!!!! meme stocks are so fun
i paid 4.50 for next weeks 150, and now 200 are the same price. unreal juiced premiums
