Back in TQQQ. Let's see if it will take off this time or if we get another failed breakout.
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Last: 40 min ago by Heineken-Ashi
Bob Knights Paper Hands
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I bought at $10 2-weeks ago, so you got a better price than me. I sold a 7/15 C10 on all my shares for $117 and was hoping to get assigned for a 12% profit but looks like I'll keep the shares.Carlo4 said:
My bad. I purchased $1500 of CCL at close yesterday in my retirement IRA.
Just bought more at $8.70 and sold 7/15 C8s for $117. Only a 5% profit if I get assigned but the ITM call gives me some protection if it drops more.
Will be more than happy if we can regain Tuesday's highs on UPRO/TQQQ by the end of the week.
Thinking about dropping my target on TQQQ from 30 to 28.
Thinking about dropping my target on TQQQ from 30 to 28.
Triple_Bagger said:I bought at $10 2-weeks ago, so you got a better price than me. I sold a 7/15 C10 on all my shares for $117 and was hoping to get assigned for a 12% profit but looks like I'll keep the shares.Carlo4 said:
My bad. I purchased $1500 of CCL at close yesterday in my retirement IRA.
Just bought more at $8.70 and sold 7/15 C8s for $117. Only a 5% profit if I get assigned but the ITM call gives me some protection if it drops more.
Good strategy.
I'm looking to buy and wait for the cycle to ramp back and sell for a nice profit down the line. Like a casino or energy stock, this is pretty cyclical.
At the current trendline from its peak in January 2019, the stock would be worthless by December 2022. We all know that won't happen. Just nibble a little here and there until I get the position I want.
SPY really struggling with 382.
Bob Knights Paper Hands
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Bob Knights Liver said:
Back in TQQQ. Let's see if it will take off this time or if we get another failed breakout.
Stopped out again. I think it's more likely we setup a nice short, but I'll wait for it to form. The good news is I'm getting pennied and nickled on the chop today instead of getting quartered and dollared. If that's not a real saying it should be.
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I got in SQQQ when SPX officially made a W, crossing below 3811.44. Lets see if we finally get a trend down now. I'll likely be quicker to take profits because it seems like we're chopping.
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Another failed breakout and reverting to the mean. Tough day. I've got real work, so I'll be gone most of the rest of it. it's interesting that the volume is higher than yesterday, but there's no real direction today.
I'm losing money this week, just not in the market
Nice. We'll be there in a couple weeks. Dolphin swimming in the first pic?
No, we just rented a pontoon boat with slides and cruising around.
Bob Knights Liver said:Saltyag15 said:
New YTD lows for AMD. NVDA right there too.
Is this because people expect a flood of used chip availability+ cancelation of previous orders from crypto miners? In addition to the other recession concerns? Semis absolutely getting railed the past month or so! And not in the good way.
Their P/E ratios have been too high for a long time. Everything that was overvalued is coming back down to realistic numbers.
I traded AMD early in the year and glad that I had stops in place.
The big 3 techs may be ready to turn the day red. MSFT lost 260. See if AAPL makes it to 139 and if AMZN loses 109.
AMZN trying to retake 109.
AMZN trying to retake 109.
I hate this Frickin' market !!! Aaaargh !!!
Apologies for the volume but I needed to get that off my chest. I'm better now.
Here comes 3800 again. Hold onto your butts if we lose it this time.
Looks like we are closing that gap from friday. I just hope we don't go for the gap from 6/17.J.P. 03 said:
Here comes 3800 again. Hold onto your butts if we lose it this time.
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That was the move I was waiting for. It waited for me to leave my desk for a lunch meeting for it finally moved. So. Much. Hate.
i have a few puts on. Can you take a second lunch?Bob Knights Liver said:
That was the move I was waiting for. It waited for me to leave my desk for a lunch meeting for it finally moved. So. Much. Hate.
wanderer said:
There's the gap fill on SPY (~378.83) & SPX (~3802.50) going back to 6/23.
SPY Still inside the 30 min Opening Range 3.5 hours in with the failed breaks of ~$382.25
Could get groovy depending on which way it breaks
Could get groovy depending on which way it breaks
That was nearly a breakout up. Guessing that means big fall here now.
Charismatic Megafauna
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AG
I bought an xsp 381c for the 12:30 bump
just going to be a premium destroying day I think (both ways).
there was a massive SPY buy about 30 minutes ago. 34 million buy, yowza
there was a massive SPY buy about 30 minutes ago. 34 million buy, yowza
Back to the top of the range we go and initial slap back down right at the opening highcptthunder said:
SPY Still inside the 30 min Opening Range 3.5 hours in with the failed breaks of ~$382.25
Could get groovy depending on which way it breaks
Charismatic Megafauna
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Too soon! I can't day trade this account!
Edit: bought another at .91, i feel like 1:50 gets a bump frequently as well
Edit: bought another at .91, i feel like 1:50 gets a bump frequently as well
You accurately described premium today regarding recruiting.BREwmaster said:
just going to be a premium destroying day
VIX below 28. Where dat rally ass?
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If SPX closes without reclaiming the 5 or 10-emas I think this is really bearish. Even for a low volume, sideways day this really makes me think we're about to leg down from here again. We need 3834.75.
I'm still trying not to be too biased or trade in absolutes, but I'm officially bearish unless we have a green close.
I'm still trying not to be too biased or trade in absolutes, but I'm officially bearish unless we have a green close.
so buy a SPY 385 C then
Charismatic Megafauna
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Lol bought xsp 381 calls for .75 and .91, closed at 381.87. Better than I've been doing lately!
Yeah why the hell is everyone in meltdown mode over there?! We aren't going to ink every 5* in the country just because we had a great recruiting class last year. That place is the Zoo 2.0 now.ProgN said:You accurately described premium today regarding recruiting.BREwmaster said:
just going to be a premium destroying day
RH sells off 5%AH after lowering guidance on sales for rest of year. Guess it wasn't priced in.
This tells me a couple things:
1. Markets have not priced in dec'd future sales very well.
2. Even rich folk are feeling it in this economy. My wife says this is really nice and expensive furniture. I don't know nice stuff but she does.
This tells me a couple things:
1. Markets have not priced in dec'd future sales very well.
2. Even rich folk are feeling it in this economy. My wife says this is really nice and expensive furniture. I don't know nice stuff but she does.
RH is really nice stuff. and you pay dearly for it usually.
RH is luxury home furnishings. In a slowing economy with likely a drop to n home sales they should be guiding lower projections.
Agree. This simply proves nothing is priced in. That's a convenient talking heads thing to say.
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