I need to learn how to adjust trailing stops. Got screwed out of good gains on 416C a few minutes ago because I had it set too low
oldarmy1 said:
Earnings by the big dogs could rip this right back through highs. I traded the signals on consolidation but had hedges do the heavy lifting. Might be worth a cheap Friday call of SPY day high
Colt98 said:
I'm still a bit confused on this. Need to see it on paper
Entry was at $1.60 on SPY $418 Feb 3rd calls (would have been even better had I just gone with today's expiring for pennies!) Sold 25% or 7 calls at $2.61 on the spike above $418 as shorts filled for 1100 shares. I closed 600 shares at $414.75.oldarmy1 said:Colt98 said:
I'm still a bit confused on this. Need to see it on paper
30 calls leverages 3000 shares.
We popped above $418 to sell ~ 25% or 7 calls to bank the gains. Then shorted 1100 shares against the remaining 23 calls.
Because without it up there, the whole market going to tank hard.ryanhnc10 said:
I have no idea why AMZN is trading where it is. 100 P/E and limited growth
Man, I really should have played one of those 420s...irish pete ag06 said:
UNH has been a juggernaut. It's chart has been in a steady uptrend.
Showing some weakness lately, and the death cross happened with the 50 and 200 SMA on the daily with the close on Friday.
Also the weekly 8/21 EMA crossed over 3 weeks ago. This is the 3rd week in a row it has not closed above 500.
Wonder if a good short entry is a re-test of 500
The March option chain 420 has some decent OI.
So I posted an update to this last Friday... Weirdly, I can see that post under my profile, but it has disappeared from this thread, so here's a screenshot of that:irish pete ag06 said:
So I decided to start trading 1 setup and 1 setup alone and logging my trades. I love to share with yal (obviously), even if it's bad.
Looking at 20 trading day batches, so 4 weeks. (1-3 trades per day... 3 will be a rarity)
I'm only trading an 8/21 EMA cross. I will look to enter with a limit order on the 21 EMA in the options chart or on the equities chart.
Stop is set based on S/R and/or an ema cross back against my position.
$300 risk on options, $1000 risk on equities or leveraged ETFs
I set 2 targets based on S/R and based on timeframe (meaning target 1 & 2 will be much closer to entry on 3 minute chart vs entry on a 1 hour or daily chart)
(see I do know what S/R means Prog, LOL)
Off to a decent start so far (only on day 2)
Ha......edited after Buck called me out.oldarmy1 said:
Someone can math that out to show gains as of now. And like I said on these kind of trades. You have to know the plan and be FAST to execute!
That's why we discourage posts that require math on this thread.Buck Compton said:
Yeah, that's not accurate. Knock two zeros off
BaylorSpineGuy said:
Did anyone else have a crazy high gas bill this month? Our atmos bill was really high this month….surprising since nat gas is so far down. How is there such a disconnect from the Nat gas prices and prices we are paying?
Any insight is appreciated….I assume these should correlate.
gougler08 said:
AMZN only down 1% now