me too. i dont see anything that look like an upward trend?BenRev09 said:
Fighting off the FOMO on FSLY for now
My amateur TA shows it breaking below the triangle it's been in since May with tests of 10 and 9.50 on deck
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Is there a way to capitalize on the car repo issue? Just briefly chatted with an involved PE group that said volumes are started to increase in the auction territory up north.
That's a great question. I did some googling and ran across this penny ticker.
REPO
I can see this thing being pumped and dumped in the near future if/when this becomes a leading headline.
REPO
I can see this thing being pumped and dumped in the near future if/when this becomes a leading headline.
Sold FSLY at 10.44, made a humble $170. Wouldve held until Prog's magnanimous signal to sell but I need some zzzs. Cheers
Followed, I'm out. Thanks for the idea Prog, made weekend money.
Front ran for a lotto. Bought yesterday and exited today. Congrats to those that shorted.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I am once again in a green trade that I don't know when to exit.
In sept '12 415 SPY puts. Currently up ~20%.
The conservative capital preservation trader that FJ harps on tells me to sell and who cares what the market does. It will present another opportunity shortly.
To quote 30K... don't let a green trade go red.
The greedy side of me doesn't want to leave profit on the table.
What do I do?
In sept '12 415 SPY puts. Currently up ~20%.
The conservative capital preservation trader that FJ harps on tells me to sell and who cares what the market does. It will present another opportunity shortly.
To quote 30K... don't let a green trade go red.
The greedy side of me doesn't want to leave profit on the table.
What do I do?
AMD taking it on the chin.
Sell enough to go net free then a stop limit to lock in the profit you would like. After net free, anything left is profit.
How many contracts? Can you leave a runner?
Bob Knights Paper Hands
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You could sell half (or more) now and use initial purchase price as a mental stop for the remaining contracts. You could also sell them all now and roll a portion into puts with a bit lower strike as runners.
Charismatic Megafauna
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AG
Yeah if you have 5 sell 4 and keep 1 net free. If you have less than 5 set a trailing stop on all and take the profit if it hits. Or just take the 20% what's the matter with you!? Opex shenanigans =/= broken trend
Set a trailing stop to exit green no matter what. Just my 2 cents.
FWIW my guess is more downside to go yet. How much don't know. Could always reverse hence the trail.
I just bought some next week 416P at .77. Lotto size. 20 contracts for me. I'll take them off if we confirm reversal.
FWIW my guess is more downside to go yet. How much don't know. Could always reverse hence the trail.
I just bought some next week 416P at .77. Lotto size. 20 contracts for me. I'll take them off if we confirm reversal.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
How many contracts?SF2004 said:
I am once again in a green trade that I don't know when to exit.
In sept '12 415 SPY puts. Currently up ~20%.
The conservative capital preservation trader that FJ harps on tells me to sell and who cares what the market does. It will present another opportunity shortly.
To quote 30K... don't let a green trade go red.
The greedy side of me doesn't want to leave profit on the table.
What do I do?
You don’t trade for money, you trade for freedom.
10 contracts.$30,000 Millionaire said:How many contracts?SF2004 said:
I am once again in a green trade that I don't know when to exit.
In sept '12 415 SPY puts. Currently up ~20%.
The conservative capital preservation trader that FJ harps on tells me to sell and who cares what the market does. It will present another opportunity shortly.
To quote 30K... don't let a green trade go red.
The greedy side of me doesn't want to leave profit on the table.
What do I do?
Right now I have a trailing stop of 30 cents.
I'll just tell you what I think.
This is still up trending and you're pretty far OTM at 415. I don't think this is the last opportunity to buy puts, but you're going to deal with theta decay very soon.
The fact that you don't know what to do tells me that you don't have a plan for the trade and by extension, you don't have proper risk management.
If you have 5 contracts, at a minimum, sell 2, and set your stop to B/E on the rest.
This is still up trending and you're pretty far OTM at 415. I don't think this is the last opportunity to buy puts, but you're going to deal with theta decay very soon.
The fact that you don't know what to do tells me that you don't have a plan for the trade and by extension, you don't have proper risk management.
If you have 5 contracts, at a minimum, sell 2, and set your stop to B/E on the rest.
You don’t trade for money, you trade for freedom.
Let's see what happens.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
You'll be stopped today on that most likely. Book some profit now, maybe 2, then progressively move your stop on the rest.SF2004 said:10 contracts.$30,000 Millionaire said:How many contracts?SF2004 said:
I am once again in a green trade that I don't know when to exit.
In sept '12 415 SPY puts. Currently up ~20%.
The conservative capital preservation trader that FJ harps on tells me to sell and who cares what the market does. It will present another opportunity shortly.
To quote 30K... don't let a green trade go red.
The greedy side of me doesn't want to leave profit on the table.
What do I do?
Right now I have a trailing stop of 30 cents.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:You'll be stopped today on that most likely. Book some profit now, maybe 2, then progressively move your stop on the rest.SF2004 said:10 contracts.$30,000 Millionaire said:How many contracts?SF2004 said:
I am once again in a green trade that I don't know when to exit.
In sept '12 415 SPY puts. Currently up ~20%.
The conservative capital preservation trader that FJ harps on tells me to sell and who cares what the market does. It will present another opportunity shortly.
To quote 30K... don't let a green trade go red.
The greedy side of me doesn't want to leave profit on the table.
What do I do?
Right now I have a trailing stop of 30 cents.
This
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Here is a trade plan. I'm only doing this because you need to learn.
Sell 2 now at +20%, move stop to B/E
Sell 2 more at +40%, move stop to +20% or leave at B/E
Sell 2 more at +60%, move stop to +40%
Sell 2 more at +100%, move stop to either +50% or B/E, hold remainder as runners to see what you can get.
Sell 2 now at +20%, move stop to B/E
Sell 2 more at +40%, move stop to +20% or leave at B/E
Sell 2 more at +60%, move stop to +40%
Sell 2 more at +100%, move stop to either +50% or B/E, hold remainder as runners to see what you can get.
You don’t trade for money, you trade for freedom.
I remember 'someone' saying WWR has a date with $1.50
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Got it.$30,000 Millionaire said:
Here is a trade plan. I'm only doing this because you need to learn.
Sell 2 now at +20%, move stop to B/E
Sell 2 more at +40%, move stop to +20% or leave at B/E
Sell 2 more at +60%, move stop to +40%
Sell 2 more at +100%, move stop to either +50% or B/E, hold remainder as runners to see what you can get.
I look forward to the post where it honeymoons at $3.00FJ43 said:
I remember 'someone' saying WWR has a date with $1.50
probably just ****ery as the MM's kill the call premiumstopher06 said:
AMD taking it on the chin.
94 is a key level
Thank you for posing this question. The discussion is great for the edu part of this.
Could also consider taking most or all of the profit on the puts and rolling down to a lower strike with a portion of profits. I'm less inclined to hold anything over a weekend though. May want to re-evaluate any subsequent entries on Monday.
EDIT: To SF2004
EDIT: To SF2004
Mercy
$OXY 13:06 [OXY] Hearing FERC document shows Berkshire has requested approval to accumulate up to 50% stake in OXY Related () - Source TradeTheNews
— JE$US (@WallStJesus) August 19, 2022
Sorry. It's my fault.FJ43 said:
I remember 'someone' saying WWR has a date with $1.50
You don’t trade for money, you trade for freedom.
If you own OXY, consider holding your shares. I'm not giving Warren Buffett any of mine.
You don’t trade for money, you trade for freedom.
South Platte said:I look forward to the post where it honeymoons at $3.00FJ43 said:
I remember 'someone' saying WWR has a date with $1.50
Meeeeee too! I'm sitting on a bit but not sweating any of this. Trade around it.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
For today: don't be a dumbass but I would like to point out the last couple of OPEX sessions have rallied bigly at 2:30 into the close.
If we start clearing 4245, I think that's a possibility.
Loss of 4225 can unleash some sell.
If we start clearing 4245, I think that's a possibility.
Loss of 4225 can unleash some sell.
You don’t trade for money, you trade for freedom.
FJ43
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Posts:
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Bears doing work today.
59 South said:
Hey 30k, since you're taking some time away... any chance you'd moonlight an hour or 2 as a career counselor compensated in the currency of your choice? Your insight into the corporate world is impressive.
Bro, I'll just give you my cell phone number and we can chat. You're an ag, but I would never charge for that anyway.
You don’t trade for money, you trade for freedom.
SF - if you haven't sold any, sell some right here, right now
You don’t trade for money, you trade for freedom.
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