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24,029,000 Views | 231616 Replies | Last: 9 hrs ago by ProgN
Tumble Weed
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Instead of sell in May and go away, I am selling in April.

Closed out my Snap position today for a little profit. Taking profits early when I can.
$30,000 Millionaire
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AG
I could be wrong, but this looks like stop running / gathering liquidity.
You don’t trade for money, you trade for freedom.
Bob Knights Paper Hands
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Sold my AMZN call spreads for 13% profit. I might have been better off going straight calls there.
BrokeAssAggie
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$30,000 Millionaire said:

I could be wrong, but this looks like stop running / gathering liquidity.
the dip before the rip...
$30,000 Millionaire
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AG
let's see what the hedge fund does at 2:50.
You don’t trade for money, you trade for freedom.
Bob Knights Paper Hands
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Tumble Weed said:

Instead of sell in May and go away, I am selling in April.

Closed out my Snap position today for a little profit. Taking profits early when I can.

I'm going to do something similar. I'll ride this wave a bit longer but will start moving some to cash middle to later this month, depending on how we look. If SKEW gets >150 I might move it a bit faster.

When we begin the pullback I'll be on hair trigger to move all but retirement fully into cash.
Bob Knights Paper Hands
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BrokeAssAggie said:

$30,000 Millionaire said:

I could be wrong, but this looks like stop running / gathering liquidity.
the dip before the rip...

Quote:

If you can dodge a wrench, you can dodge a murder algo.

-Sun Tzu, probably
$30,000 Millionaire
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AG
you can't really trade the close with stops. Whatever you have on now you have to consider max risk.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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AG
otherwise Citadel will steal from you.
You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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AG
$30,000 Millionaire said:

let's see what the hedge fund does at 2:50.

Rippy rippy wifey happy
$30,000 Millionaire
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AG
needs another big push.
You don’t trade for money, you trade for freedom.
AgEng06
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AG
Charismatic Megafauna said:

$30,000 Millionaire said:

let's see what the hedge fund does at 2:50.

Rippy rippy wifey happy
ARE YOU SMILING
Charismatic Megafauna
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AG
I bought a couple xsp 455p for wed. Tagged 456.5, prob a little breather in order
$30,000 Millionaire
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oddly thin.
You don’t trade for money, you trade for freedom.
Bob Knights Paper Hands
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AMZN chose up! I sold a bit premature.
Charismatic Megafauna
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AG
Another xsp close for the books
$30,000 Millionaire
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AG
well, we lost $6 on XSP there
You don’t trade for money, you trade for freedom.
Bob Knights Paper Hands
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Qs had a magnet to a bunch of SMAs.
AgEng06
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AG
$30,000 Millionaire said:

well, we lost $6 on XSP there
So to calculate this, you're looking at the XSP close of $458.26 ($26 profit) less the cost of your calls, correct?
BlueTaze
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Do you TA traders see a bullish pattern here?
Strong volume V and bull flag above 8/21 sma, with big gap above?


Charismatic Megafauna
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AG
$26 settlement, your profit is whatever you paid for it minus the settlement price, but yeah
Ccutamu
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Charismatic Megafauna said:

$26 settlement, your profit is whatever you paid for it minus the settlement price, but yeah
Seeing this in real time makes more sense than my diatribe over the weekend.

Thanks CM for the explanation.
AgEng06
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AG
Got it, thanks. That's what I thought, but wanted to confirm. Most of the time when I've played these they either went to zero or I sold with some % of profit.
Bob Knights Paper Hands
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I booked over 10% in the trading account today. That's with me leaving newcar money on the table selling those TSLA calls where I did. I hadn't had one of these days in a long time. It's nice when almost everything hits for you!
Charismatic Megafauna
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AG
Actually i got it backwards...settlement price minus cost equals profit (or loss). But y'all probably caught that
cptthunder
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Quite day on the crude front as oil price flipped a huge bird to Biden and his numbskull SPR releases.
WTI back over $103 on the day
Charismatic Megafauna
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AG
BlueTaze said:



Do you TA traders see a bullish pattern here?
Strong volume V and bull flag above 8/21 sma, with big gap above?




I see a slumpbuster followed by a long term relationship. Bullish?
Charismatic Megafauna
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AG
You've been killing it lately
$30,000 Millionaire
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AG
AgEng06 said:

$30,000 Millionaire said:

well, we lost $6 on XSP there
So to calculate this, you're looking at the XSP close of $458.26 ($26 profit) less the cost of your calls, correct?
yes. we paid $0.29 x 2 x 100 or the calls.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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AG
Pretty good day today. Everyone should have made profit on SPX, TSLA, and AMZN.
You don’t trade for money, you trade for freedom.
WestTexasAg
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AG
Good day for Black Rifle Coffee too.
FJ43
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$30,000 Millionaire said:

Pretty good day today. Everyone should have made profit on SPX, TSLA, and AMZN.

AMZN was my friend today. Might actually marry it.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FTAG 2000
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AG
$30,000 Millionaire said:

Quick 50K update:

  • ACB is right at $4 (strike price). Any strength tomorrow and these will expire worthless. I'm OK taking assignment as well
  • CWH let's see what happens, but fair odds we keep shares and can continue selling covered calls against them. Remember this pays an 8% dividend
  • DKNG - decent strength today all things considered. We probably get to keep shares
  • BROS - stopped out. Aren't you glad we had a stop loss? That said, I do think this is attractive here, but I will probably sell a put tomorrow
  • DRIP - waiting for oil pull back
  • GOOGL - this may go for max loss, but I will look to get out on strength tomorrow. Ideally this opens above $1 and we can set a stop there. Truly bummed on this one. It had great R/S most of the day until it gave up the ghost in the final candles
  • ESSC - still waiting
  • JNPR - surprisingly good R/S. We want to hang onto this
  • MARA - we are probably going to get assigned. The good news is our cost basis will be $28.5. We can work with that. Next week's 28.5C is trading at $1.50 right now.
  • OSTK - round 2 on this one. If assigned, net basis would be $43.5. That's a great basis. I don't think we'll get assigned, though
  • OXY - thinking we get assigned. Net basis after all premiums is around $55. Workable IMO
  • PETZ - finally profitable. Keeping for now
  • URA - good day on that. Still want $30
  • QQQ - small gain today. We played that correctly.
  • VGFC - 0.50 seems to be the new base, well above our entry. No reason not to keep

Net net, not the best week for this, but no reason to be alarmed.

What was the JNPR play, anyone have that handy?
bhanacik
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AG
$30,000 Millionaire said:

AgEng06 said:

$30,000 Millionaire said:

well, we lost $6 on XSP there
So to calculate this, you're looking at the XSP close of $458.26 ($26 profit) less the cost of your calls, correct?
yes. we paid $0.29 x 2 x 100 or the calls.
During the last few minutes today the XSP 458 calls were priced at 0.01 and I was so close to buying 100 contracts of them. That would have been a nice payday
FJ43
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BREwmaster said:

BREwmaster said:

all out on CIDM, looks like it wants to pullback more/ consolidate. I'll wait for the next dip.
just call me Brew McPaper hands. moving up .82 now, low low volume though.


You didn't like the chart?


Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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