U opened at $36.46 yesterday and closed at $37.78. Is $36.50 stop realistic. I'm learning so just trying to understand.
Agreed about cutting losses quickly on options, disagree about 25% or whatever number you pick, that is a meaningless number, only meaningful to you and not the market. You need to set your stop above/below support/resistance, if your stop is too far from that, don't take the trade.Red Pear Luke (BCS) said:
Best thing I would say on options….
Be ok with losing all the money you spent on it and know that going in. But also know that capital preservation is key to options.
Don't be afraid to cut losses quickly at certain defined amounts (i.e 25% loss, etc).
Do not get greedy. Take the profit when it runs. It can quickly go sideways in the matter of minutes.
I seriously never drop more than $500 on options unless it's a leap on a long term position I want. AMD is probably one of the ones I'd classify that with. But give yourself enough time to let it work.
lobwedgephil said:Agreed about cutting losses quickly on options, disagree about 25% or whatever number you pick, that is a meaningless number, only meaningful to you and not the market. You need to set your stop above/below support/resistance, if your stop is too far from that, don't take the trade.Red Pear Luke (BCS) said:
Best thing I would say on options….
Be ok with losing all the money you spent on it and know that going in. But also know that capital preservation is key to options.
Don't be afraid to cut losses quickly at certain defined amounts (i.e 25% loss, etc).
Do not get greedy. Take the profit when it runs. It can quickly go sideways in the matter of minutes.
I seriously never drop more than $500 on options unless it's a leap on a long term position I want. AMD is probably one of the ones I'd classify that with. But give yourself enough time to let it work.
Zero point trading options and having a set stop amount. If you have a certain amount you want to risk, you need to wait for trades to give you the proper setup where you only have to risk the amount you are comfortable with.
bmoochie said:
I believe BA is ripe to short when they music stops. It's on an absolute tear since late October. It's pushing up against resistance now, one more level to $259 and change. If we get in the mid $250s I am looking 2-3 months out at $210 puts.
I sold for Profit also on Wednesday. Thought about holding one netfree but wanted to start the year good and book a solid win. I am curious to see how it will open, may still get a chance to enter.Charismatic Megafauna said:bmoochie said:
I believe BA is ripe to short when they music stops. It's on an absolute tear since late October. It's pushing up against resistance now, one more level to $259 and change. If we get in the mid $250s I am looking 2-3 months out at $210 puts.
Man i followed you on this and am about to miss out bigtime. On 12/15 i got 3/15 220p for 1.8 and took profits 12/22 and 1/2 for 2.25 and 2.2.
Those babies are going to bank tomorrow
Perhaps a good buying opportunity in the near future? Lots of politicians are holding BA stock - it won't stay down.bmoochie said:
Nope. Bye bye Boeing
Draw channel on recent lows and highs. Looks like it's coming down to $200 or less.cryption said:Perhaps a good buying opportunity in the near future? Lots of politicians are holding BA stock - it won't stay down.bmoochie said:
Nope. Bye bye Boeing
Heineken-Ashi said:Draw channel on recent lows and highs. Looks like it's coming down to $200 or less.cryption said:Perhaps a good buying opportunity in the near future? Lots of politicians are holding BA stock - it won't stay down.bmoochie said:
Nope. Bye bye Boeing
Coming into the low risk buy zone.El_duderino said:
UNFI just getting beat down at the open.
SMCI with a giant pop up 5%
You mean like the $1.5T spending bill they just passed?cryption said:Heineken-Ashi said:Draw channel on recent lows and highs. Looks like it's coming down to $200 or less.cryption said:Perhaps a good buying opportunity in the near future? Lots of politicians are holding BA stock - it won't stay down.bmoochie said:
Nope. Bye bye Boeing
Seems like a good buying opportunity before govt money comes flooding in or something to prop it back up. Congress won't take a loss on their shares
Oil and gas. Pressure control for wellheads and pipe transportPhilip J Fry said:
WHD is driven by natural gas prices right?
bmoochie said:I sold for Profit also on Wednesday. Thought about holding one netfree but wanted to start the year good and book a solid win. I am curious to see how it will open, may still get a chance to enter.Charismatic Megafauna said:bmoochie said:
I believe BA is ripe to short when they music stops. It's on an absolute tear since late October. It's pushing up against resistance now, one more level to $259 and change. If we get in the mid $250s I am looking 2-3 months out at $210 puts.
Man i followed you on this and am about to miss out bigtime. On 12/15 i got 3/15 220p for 1.8 and took profits 12/22 and 1/2 for 2.25 and 2.2.
Those babies are going to bank tomorrow
Still in the box/channel so you may get a chance to re-enter againPhilip J Fry said:
Should have jumped harder at SMCI. Clearly, it was showing signs of reversal
Charismatic Megafauna said:
November
my theory is that is when the rug is pulled...if SPX is above 5,200 come November like Tom Lee and the bulls are touting, I will load up on SQQQ at what will be pennies by then...the market will break just like Dems break everything at the beginning of their 4 year terms...then they slowly build it back up over 4 years and say "see what we did fixing everything"...R's ain't winning this election...D's sweep, then market crashes...Charismatic Megafauna said:
November