Probably no vol today.
You don’t trade for money, you trade for freedom.
Just closed out this trade. Made 54%, I'll take it!FJ43 said:If you followed or took this trade yesterday when posted they will be up close to 50%+ at open should it maintain premarket.FJ43 said:
Buying XOM 100c for next week expiry. Lotto size and will manage them.
precious metals in general have a nice correlation with running when the markets are pulling back or tanking (if you prefer that word). I went back and looked at the last good run up GOLD had, it ran pretty hard in February and into first week of March.BaylorSpineGuy said:
OA has also been on the GOLD train yesterday. Well, it double bottomed yesterday with an inverted red hammer, and is trading up PM.
Could be time for to buy those LEAPS if not already done.
have to hold 3970 or bulls lose the ball and we work back downGolf1 said:
Another green open to finish red?
topher06 said:Dan Scott said:
Unemployment rate starting to rise. Markets go up
Think it's a signal that the interest rates are impacting the inflation caused by the massive domestic overspending, so maybe the rate increases won't come so fast
FJ43 said:If you followed or took this trade yesterday when posted they will be up close to 50%+ at open should it maintain premarket.FJ43 said:
Buying XOM 100c for next week expiry. Lotto size and will manage them.
FJ43 said:FJ43 said:If you followed or took this trade yesterday when posted they will be up close to 50%+ at open should it maintain premarket.FJ43 said:
Buying XOM 100c for next week expiry. Lotto size and will manage them.
Took 2/3 off at 85%. Trail set on balance.
oldarmy1 said:
OKTA sweetness!
oldarmy1 said:
OKTA had me hopping early. I started buying premarket and into the open. I got my first puts but was down a little more than $18k the first 10 minutes. It lost long term support and I usually exit the trade but I figured it would really drop hard so I bought 200% of my position in puts. The largest were Friday expiring $68's. I sent a message out in the $59's and it bottomed in the $58's. I was still down $4100 but the stock moved to over $63 and I was in the green $800. I got my 50% covered calls and 100% puts in place there, so safe now.
If I had not bought shares and just traded the long term support break I would have been up $22k. Shorts pushed relentlessly, so you can count on a rubber band bounce generally within 10 days. Check to see if it drifts lower and that's when you can enter calls $5 out of the money and 45 days out for high odds bounce.
Golf1 said:
If it gets down to the 3990 range I might look into some SPY calls with a short stop loss. I'm happy with my profits today so everything will be cut tight right now.
Quote:
"World's Second-Largest Steelmaker Closes European Plant" article says... "The high gas and electricity costs are putting a heavy strain on competitiveness. On top of that, from October onwards, there will be the German government's planned gas levy, which will further burden us," ArcelorMittal Germany's CEO Reiner Blaschek said.
Blaschek called on politicians to urgently take action to "get energy prices under control immediately."
South Platte said:
I sold a few minutes ago at 9.53 and only watched it tumble since. It's really volatile! So you still like it though?