Out of CLSK puts for 3x gain. Added to my shares to lower basis. HODL now. Will determine stop level at end of day. Likely under $7.50

Chef Elko said:

---

Robinhood has been surprisingly reliable. I revert to them when Schwab is down, which is often. I miss TDA

---

I really miss TDA.

I have both Schwab and Fidelity now. Feels like I am using software from 2003.

CC09LawAg said:

---

Thanks for this post. Talked me out of panic selling POWL covered calls for a little bit longer.

---

Glad you didn't dump it, especially since it's gone red/green in the face of this selling pressure on the macros. That should make everyone feel pretty good about their strength.

M4 Benelli said:

---

Can't buy friggin dog chow because Vanguard's network is held together by silly string.

---

John Bogle is in heaven laughing. If you're trading market swings he doesn't want your money.

Going to sleep. How "convenient" that all these brokerage sites go to pot on massive red days.

At least I can sleep easy on a bed of POWL shares.

POWELL "The mattress that whisks you to sleep."

confucius_ag said:

---

Need some advice: I have a chunk of AUG 9 27P on PLTR I bought to hedge my long position.
Cost 1.74----- Currently @ 4.50

Would you sell now to book profit or hold until tomorrow post-earning tonight? Or hold them and execute them?

---

Personally, I'd sell at least half and not gamble all or nothing on their earnings and possibly losing almost 200% profit because of greed.

I'm going to say this one last time.

This is not a flash crash. Go look at how much the market sold off on Black Monday. If this were that, we'd be down MUCH MUCH more.

We are likely in the very beginning of a change of dynamic. A period that will have violent moves in both directions. If you are buying equities, you might be providing liquidity to sellers and margin calls.

Every bounce from this point should be treated as corrective, meaning a retracement of a previous down move. If you are anything but short term trading playing a bounce, you are risking a lot. Please use stops. But understand, we are in a massive short gamma regime with volatility that hasnt been seen since 2020. Bid and ask spreads when you try to sell could be very wide and your stops might not trigger at the level you think they will. This goes for today and the short term moving forward.

In times like this, you do not want to be in the large crowd rushing through a small door.

Please be careful.

All of that said, there WILL be bounces. If not, you will start to see Black Monday type selling. And we haven't seen that yet, even with how crazy last night and this morning has been.