Buy NOV now?
It's one of those tough ones where I feel pretty confident in its future, but confident enough to buy at overbought levels? Not sure. I'd like to at least see $125 again. But I cannot guarantee we will get it.El_duderino said:
Looks like AMD hit the $145 mark and hopefully it goes back down for a better entry point
That's your call. Earnings in February are a good spot to expect a catalyst. It generally doesn't move fast. With stop at $17, there's some risk buying here. But the chart still looks like a load up, so as long as under $22, it's in the buy zone.joekm3 said:
Buy NOV now?
Don't EVER let yourself get FOMO after being stopped out. Stops are your way of managing your own risk. For as many that ran after a stop, there were likely others you would have been caught with your pants down had you not had them like so many traders in 2022.joekm3 said:
Most of my account is under management. I used $20k in a Fidelity account to learn the trade the past 6 months. I had mixed results, but the main thing I learned was that I was too impatient or at least not diligent enough to get back in at an upturn. I missed major gains by setting my loss limits at 4% loss. For example, I was in CRWD at about $160 over the summer. I stopped out and then missed the upturn. CRWD is now at $257. I plan to be more diligent this year and am following your 24 in 24. I plan to up my account to $50k. Again, this is my training. Any advice you have would be greatly appreciated. I tried OA1's service but am not ready to commit to most of the day playing the swings.
Philip J Fry said:
Anyone looked at WULF as a BTC miner? Interesting looking chart
Based on my very early look, their operating costs are 11.3K per bitcoin where MARA is around 18k? Currently trading at 3 dollars. I can't say I know enough about miners, but if this is true, is 20-30 dollars a share a reasonable future target?
oldarmy1 said:
Today's early trade called out was LULU expiring $170 calls. They hit low of $0.21 and my alert was set to the technical bounce, so chased entry to $1.72. They reached over $22!
But I was out at $10. $2200 for every $172 would have been wild. But $1000 against $172 isn't bad.
We rose above the outside bar, dropped right to my technical low intraday (ask the gang) and are waiting to see close.
ARM above $66. It can rip over $90 IMO.
I panic sold it when it dropped to my entry point, so mad at myself rn.bmoochie said:
Welp. Looks like it would have been good to load back up on TELL after the selloff of Charif news. Dammit
EnronAg said:
SPY bouncing off that $477.50 Jan'22 closing high multiple times today...only a matter of time before we blow thru that sucker and have ourselves a new AT closing high...
I don't rec option plays, but I did the same today and will at the close tomorrow if we run into the close.P.H. Dexippus said:EnronAg said:
SPY bouncing off that $477.50 Jan'22 closing high multiple times today...only a matter of time before we blow thru that sucker and have ourselves a new AT closing high...
Hopefully. Bought some February puts just in case.
joekm3 said:
Most of my account is under management. I used $20k in a Fidelity account to learn the trade the past 6 months. I had mixed results, but the main thing I learned was that I was too impatient or at least not diligent enough to get back in at an upturn. I missed major gains by setting my loss limits at 4% loss. For example, I was in CRWD at about $160 over the summer. I stopped out and then missed the upturn. CRWD is now at $257. I plan to be more diligent this year and am following your 24 in 24. I plan to up my account to $50k. Again, this is my training. Any advice you have would be greatly appreciated. I tried OA1's service but am not ready to commit to most of the day playing the swings.
Brian Earl Spilner said:
Some more weird drops today. Seems like algos.
TxAG#2011 said:Philip J Fry said:
Anyone looked at WULF as a BTC miner? Interesting looking chart
Based on my very early look, their operating costs are 11.3K per bitcoin where MARA is around 18k? Currently trading at 3 dollars. I can't say I know enough about miners, but if this is true, is 20-30 dollars a share a reasonable future target?
Bought WULF & SDIG today. Miner metrics don't matter nearly as much as bitcoin go up.
You've got a cup following a gap fill. The flag is way too small to be reliable. I'd expect a handle to form and then an attack of the next gap at $22. The risk / reward might be good here with a tight stop, but I'd let it play out a little longer. An entry under $14 might pay off handsomly if we are lucky enough to get it.bmoochie said:
Heineken - Let me know what you think of SNAP for a short term trade. Similar bull flag like LUV and its currently in a gap from May 2022. Goes up to $21.71 so almost a $5 move to be made.
Philip J Fry said:
Yeah. Looks like it. Exited and waiting near the bottom of the gap to re-enter.