Have we stabilized ?
Stock Markets
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Last: 15 sec ago by Heineken-Ashi
Feels more "risk on" than it has in several months
SPY is headed toward overbought.
Bob Knights Paper Hands
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Ranger222 said:
Feels more "risk on" than it has in several months
I agree. I was hoping we'd get an answer about the direction this week and I think today finally answered that.
NVDA looks like it wants to blow through 200. I bought 2 200c that expire tomorrow. This is a ride or die trade. If the market runs into the close, these could easily double. If you follow, be cool with them going to zero too.
Those AMD $105 calls now 9x
A few more calls like that and you'll be ready to create number 6.BrokeAssAggie said:
Those AMD $105 calls now 9x
Haha. No chance.
CrazyRichAggie making a comeback?ProgN said:A few more calls like that and you'll be ready to create number 6.BrokeAssAggie said:
Those AMD $105 calls now 9x
BrokeAssAggie said:
Haha. No chance.
ProgN said:
NVDA looks like it wants to blow through 200. I bought 2 200c that expire tomorrow. This is a ride or die trade. If the market runs into the close, these could easily double. If you follow, be cool with them going to zero too.
I did the same. So far so good.
MSFT went green. I hope that makes the market go plaid.
Took more TQQQ profits and have my final limit sell at $35.
Bullish engulfing forming on QQQ
I likey!ProgN said:
NVDA looks like it wants to blow through 200. I bought 2 200c that expire tomorrow. This is a ride or die trade. If the market runs into the close, these could easily double. If you follow, be cool with them going to zero too.
I went with 200 / 202.50 C verticals. .49 entry.
C'mooooon $35!
Somebody post rally ass
Almost there.gifBrian Earl Spilner said:
C'mooooon $35!
Was up 2% this morning before 9am
Then broke rules
Follow traded someone on Twitter on LUV puts.
Then continued to try and trade to make up for it.
Was trying to over night a put but was out of settled funds
#planktonaccountproblems
Everything besides the LUV puts was my usual... QQQ both directions
-3.12% on the day. If I hadn't follow traded would have been -0.4%
If I had just not traded anymore once I hit a couple nice trades, would have been +2%. Overtrading is for the birds.
Really trashy day but at least no blow up.
Then broke rules
Follow traded someone on Twitter on LUV puts.
Then continued to try and trade to make up for it.
Was trying to over night a put but was out of settled funds
#planktonaccountproblems
Everything besides the LUV puts was my usual... QQQ both directions
-3.12% on the day. If I hadn't follow traded would have been -0.4%
If I had just not traded anymore once I hit a couple nice trades, would have been +2%. Overtrading is for the birds.
Really trashy day but at least no blow up.
Hmmm…..
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Sold the last of my TQQQ in AH, took ~$5k profits on it in the last month.
Gonna sit on the cash for a while and hope it falls below 30 again.
Gonna sit on the cash for a while and hope it falls below 30 again.
call it continuation into tomorrow assutah, get me two said:
Somebody post rally ass
Does anyone use trailing stops? What % do you like to use?
Bob Knights Paper Hands
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FJ43 said:
Hmmm…..
Yep. That answered that question rather emphatically.
I've had some luck recently applying the Net Free principle to my trailing stops, and while at times it has frustrated me when it triggers "too soon" and "only" locks in a small profit, it has absolutely saved me from trades going red to green.aggies4life said:
Does anyone use trailing stops? What % do you like to use?
I added a really simple Excel formula to my trade tracker where I plug in the number of option contracts I buy and the price, and it spits back what the price would need to rise to in order to sell each number of contracts and go Net Free. So, for example, let's say I buy 8 contracts for $1 each. The formula would spit back the following:
1 @ 8.00
2 @ 4.00
3 @ 2.67
4 @ 2.00
5 @ 1.60
6 @ 1.33
7 @ 1.14
8 @ 1.00
Hopefully the trade is moving in the right direction right after I enter, so I'll set a stop limit to sell all 8 contracts at $1 to guarantee breakeven. As the price (hopefully) rises past $1.14, I will then adjust my stop limit quantity down to 7 contracts and increase the price to 1.14. That way, if the trade swings the other direction, I would sell 7/8 contracts for a 14% profit to go Net Free and then have a runner in case the trade starts working again. If it rises to $1.33, I'll raise my stop again and reduce the quantity to potentially leave myself two runners, and so on.
Obviously the goal is to work my way as far up the ladder as possible, but as you can imagine I normally get stopped out 2 or 3 rungs up at most.
Tweak it however you want based on your risk tolerance, but when you're a minnow like me, you gotta be conservative.
Bob Knights Liver said:FJ43 said:
Hmmm…..
Yep. That answered that question rather emphatically.
Can someone explain please?
Jet Black said:Bob Knights Liver said:FJ43 said:
Hmmm…..
Yep. That answered that question rather emphatically.
Can someone explain please?
Yeah same here. I do not know what the question or the answer was.
DeSantis 2024
FJB, FJB, FJB, etc
FJB, FJB, FJB, etc
Bob Knights Paper Hands
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Dec 22, 2010
Posts:
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Whether that spinning top two days ago was indicating a reversal. That's because there was large movement up and down but neither bulls nor bears could take control, so we were left with indecision. I thought after yesterday was a bit red and faded at close that made it more likely a reversal to the downside was coming. However not only did we not have a red trend day, after some early chop we had a pretty easy green trend day.
Bob Knights Liver said:
Whether that spinning top two days ago was indicating a reversal. That's because there was large movement up and down but neither bulls nor bears could take control, so we were left with indecision. I thought after yesterday was a bit red and faded at close that made it more likely a reversal to the downside was coming. However not only did we not have a red trend day, after some early chop we had a pretty easy green trend day.
Any indication what that means going forward? I still feel like we are in for some more pain.
FJ43 said:
Mornun!
Mixed around the horn.
US green
EU mixed
Asia mixed
VIX slightly lower
Interesting day ahead. SPY below 406.80ish and down begins would be my guess. Above 416.32 or especially 417.80(50EMA) and I'll look for 420,423,429ish. I'll enter puts out a ways light at 423 range then add more at 429ish.
FWIW I bought 420c on the 406.80ish back test of the 21EMA/ATR mean yesterday. Lotto size. .44 average
Trade wisely gents!
Took the SPY calls off at 1.01 a little early into close. I'm flat on SPY plays at the moment.
Tomorrow is possible consolidation again below 50 close and maybe keep uptrend. After that we shall see. The 50 IMO is an important level. 419/20 is the next resistance upside after the 50.
Trading is often if this then that.
I'm not getting sucked in….yet.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Brian Earl Spilner said:
Sold the last of my TQQQ in AH, took ~$5k profits on it in the last month.
Gonna sit on the cash for a while and hope it falls below 30 again.
Everyday I kept telling myself that I'm gonna get out but the fcker keeps going up.
Bob Knights Paper Hands
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Posts:
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Personally I think we are still in for some pain. However that doesn't mean we can't get a good green run over the next couple weeks or months. If everything known is priced in, we'll need things to get unexpectedly worse for it to tank again. Plus there is political implications on this market, so even though the Fed is talking big I think someone knows their real plan. Someone always knows.
irish pete ag06 said:
Was up 2% this morning before 9am
Then broke rules
Follow traded someone on Twitter on LUV puts.
Then continued to try and trade to make up for it.
Was trying to over night a put but was out of settled funds
#planktonaccountproblems
Everything besides the LUV puts was my usual... QQQ both directions
-3.12% on the day. If I hadn't follow traded would have been -0.4%
If I had just not traded anymore once I hit a couple nice trades, would have been +2%. Overtrading is for the birds.
Really trashy day but at least no blow up.
Don't beat yourself up over follow trading. But….learn from it. You're not alone in having done that.
Even following those you most respect always make your own assessment of the trade. This thread, Twitter, subs, doesn't really matter.
Good post for the board by the way. Great lesson for anyone.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Never harm in banking or trimming some profits Jet.Jet Black said:Brian Earl Spilner said:
Sold the last of my TQQQ in AH, took ~$5k profits on it in the last month.
Gonna sit on the cash for a while and hope it falls below 30 again.
Everyday I kept telling myself that I'm gonna get out but the fcker keeps going up.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
for me, it depends on the stock and my goal for that stock. I don't use a % per se, I use a stop that reflects the amount I'm willing to "lose" on the transaction. When the stock approaches my "goal", I begin tightening the stop. If the stock exceeds the goal w/o "stopping me out", I'll leave the stop at the goal until I think it's peaking then I tighten it again. I frequently "lose" money when the stock continues to go up after stopping me out. But, I'm ok with that.....bears, bulls, and pigs.aggies4life said:
Does anyone use trailing stops? What % do you like to use?
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