One of my favorite swing trades.Heineken-Ashi said:
Buying LUMN right here. Stop $1.10. Minimum target $1.50. Expected target $2, Balls to the wall target $2.50.
In the middle of a massive demand zone and RSI hourly is through the floor while we're -4 to -5 ATR hourly. ALL EMA's are crossed to the downside. Could very well continue lower and I have $1.20 as a pivot zone. But I like R/R here. Also already have 500 shares with no risk. So my basis is below the previous low.AgPT06 said:
Why now? Went through 1.40 support. Looks like can keep going to 1.23 or lower. Just curious if I am missing something not trying to be a jerk.
Heineken-Ashi said:
Buying LUMN right here. Stop $1.10. Minimum target $1.50. Expected target $2, Balls to the wall target $2.50.
trip98 said:
Old board fav DNN flirting with $2 at opex week. Waiting to see if my meager holdings get called out. Net cost is only $40 so $200 would be solid return.
I think it was Farmer who would buy whenever it hit $1.20 and sell some at $1.50 to keep some net free
If not called out today I'll go ahead and sell another CC for March or April at $2.5 to further lower cost or called out for solid return
Looks like a stop at $1.1 limited down to $1.05. I'd say yes.ravingfans said:Heineken-Ashi said:
Buying LUMN right here. Stop $1.10. Minimum target $1.50. Expected target $2, Balls to the wall target $2.50.
I'm in at $1.345
First time doing a stop order, does this look correct?
I expect it to retrace a lot of this move because shorts were squeezed today so if you sell and I'm right, then you can rebuy even more shares when it pullback. You don't pay taxes in your Roth so that's a bonus.Chef Elko said:
Folks here holding onto SMCI? I have a handful of shares left in my Roth at a stupid low cost basis after riding this thing for years.
ProgN said:
I'm trying a Friday Lotto 0DTE 1/19 SPY $484c at $.13
I'd day it depends on liquidity. If its something regularly traded with lots of volume and plenty of open interest, you're fine with a market stop. If it's something with wide bid/ask spreads and low volume/interest, go with the limit. Neither are perfect. so it also depends on your plan. Mine is that stop=hard stop, dont want to be in anymore, so I almost always go market.ravingfans said:
What is the consensus of the board on Stops--is it better to stop with a limit or better to do a stop at market price?
Can control price or execution, but not both...
FJ43 said:
Solid brother. Beyond solid.
ProgN said:I expect it to retrace a lot of this move because shorts were squeezed today so if you sell and I'm right, then you can rebuy even more shares when it pullback. You don't pay taxes in your Roth so that's a bonus.Chef Elko said:
Folks here holding onto SMCI? I have a handful of shares left in my Roth at a stupid low cost basis after riding this thing for years.
No, rocks are for Prog. Throw your old Heineken bottles you left out on the porch this summer at me.bmoochie said:
does this mean we get to now throw rocks at you?
Heineken-Ashi said:
Bought first new tranche of MARA at $14.86 today. If it dips lower between $12 and $14 I will buy next. $10 will be final buy unless it somehow dips below $8.
Good job and SMCI prints money but it's volatile and it will come back down. It likes to come to between it's 50 & 100 DMAs. That would bring it down in the $325ish range if you project it out. Then you can buy more shares for the same money you booked today and ride the wave again.Chef Elko said:ProgN said:I expect it to retrace a lot of this move because shorts were squeezed today so if you sell and I'm right, then you can rebuy even more shares when it pullback. You don't pay taxes in your Roth so that's a bonus.Chef Elko said:
Folks here holding onto SMCI? I have a handful of shares left in my Roth at a stupid low cost basis after riding this thing for years.
Aye aye, Captain! Sold off a third of my remaining shares and feel dumb selling half at $50 or so but I had so many others my dumbass rode up to the top and all the way to the bottom after covid. NIO, BLNK, MARA, ALPP, RUBI/MGNI, SNDL etc. I'm proud of buying this one after Supermicro shares tanked when Chinese bugs were found on their servers. Absolutely insane to see a public company run up this fast that's not a meme stock or cryptocurrency scam. I'm excited to share this with anonymous Ags online lol
Here's the HODL chart from Jan 12.Enzomatic said:Heineken-Ashi said:
Bought first new tranche of MARA at $14.86 today. If it dips lower between $12 and $14 I will buy next. $10 will be final buy unless it somehow dips below $8.
What're your thoughts on expectations for MARA? Return to the 30s likely? I have a good position sub 10 even after selling off a chunk last week, but want to reload a little if the swing is likely to reverse back upwards.
BTBT worth a bid? I like having a bunch of shares in multiples of 100s to manage with optionsHeineken-Ashi said:Here's the HODL chart from Jan 12.Enzomatic said:Heineken-Ashi said:
Bought first new tranche of MARA at $14.86 today. If it dips lower between $12 and $14 I will buy next. $10 will be final buy unless it somehow dips below $8.
What're your thoughts on expectations for MARA? Return to the 30s likely? I have a good position sub 10 even after selling off a chunk last week, but want to reload a little if the swing is likely to reverse back upwards.
HODL is the amount of coins each miner mines that they plan to keep. The rest they sell to finance their cost of business and other things. Nobody is really even competing with MARA, and MARA just got approval to mark their HOLD to market.
Just like any other time - BTC up = MARA up by a larger % gain. Same with down. $100k BTC, like most BTC people are expecting, apparently = $80-$100 MARA.
RIOT is falling stagnant. MARA is buying companies and expanding mining capability and hash rate. Relatively newcomer IREN is looking impressive. I bought in the $4's this week. CORZQ was killing it, but leadership was awful and they were having to sell everything they mined to tackle their debt situation. Finally went bankrupt and got approved to come out of it this week. Should be a period of stabilization and then they can start to HODL again.
These are only option trading in in my service. You'll have some losses because you follow disciplines. But we smoke the markets ROI month after month. Before one of our members volunteered to put these trackers in place we were in a very tough correction. I told everyone to steer clear of longing stocks and smaller traders to sit on their hands. We had 2 bottoms called on the exact lows and went shares and options. You wouldn't believe the ROI's if we posted them, so here is the results since Scott began tracking.SAag1113 said:
I said trading options btw
You are trading stocks and leveraging options to protect your investment. That is a good return, but simply investing in S&P over that same time ~2664 -> 4783 would have had a better return .
