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Given all of the bad pr, the trial, Q4 earnings next week, yeah this might be beyond simple flips. Catching the bottom after today will be tricky. The calls I got can burn for all I care. The puts that went worthless are about to be back ITM again. Pre market tomorrow will be interesting. Sentiment is definitely looking south.
Even I'm wrong lol. More room to go. But locked in profits from premarket and dive. I only cut potential future profits with each reset. Banner day.
I do believe we hit bottom. Selling 138p for 130c 135p
That dive happened too fast to call out. Reposted mine to sell when it hit 135, and immediately split profits to 132c and 138p. Watching for the bottom exit point.
I understand your sentiment, but fundamentals are concrete. Profit takers and people looking to manipulate the market and chase rallies or dives are all too common. Human emotions are predictable. That drives the market.
I took the ride on Fannymae and Freddy mack from 6.12. In 2016 from it's peak into a death spiral after the Supreme Court ruled that investors weren't beholden to anything. Then watched as the price was forced down 1million share brick by 1million share brick, penny by penny. No matter how you look at it, retail investors are just along for the ride. We don't control jack. Never fool yourself on that. Markets never go one direction forever.
So far, resistance seems to be holding at 136 in premarket. Doesn't look to be breaking it yet. Odd activity. Adjusting my guess on high of day and potential low to 143 and 131 respectively.
Only in our dreams. Homeruns are rare, and unicorns at best. I hope you get one, but gambling is not a wise investment :(
I do love the spirit though. When it climbs past $1000 and $50 is only 2%, sure. Very likely long term.
Also I project the high of day to be near 140. 15 feels too cheap for 121s. 21.00 is reasonable since premiums right now ITM are going 1-2 past the mark on bid. But up to you. Missing the exit point is bad too. Potential low side of 129. There's enough to justify a $11.00 gap. But opening bell can always surprise you.
Only 3% shorted.
Bull run. Sell 20m after open and reevaluate on that mark. Correction is inevitable
What goes up will come down. Or it can keep going up. I'mhappy with that too. Homeruns are rare though XD
Potential bottom EOD 125. High point 132. I don't see us going above or below those figures.
Misjudged, but locked in the profits from 122-128, so I'm not complaining :) it can keep running.
Setting the next straddle in 128
126c. 130p
Looks like you were right this time :) but we don't care either way right? Hahaha. Calls will be doing good at open.
Lol. Uh... it doesn't work like that. But ok... shareholders take the hit in the value of the stock. That's it. But we're in the 20s where bankrupt stocks see triple digit gains in one day due to reckless behavior in investing. And idiots... *cough*
It is what I primarily do, but do what is right for you. I showed you my core strategy. I'm not going to be held liable for you deciding to put everything you have on it like me. That's only for you to decide.
And as that other guy outlined with his tacky toxic approach, as usual, I don't post any exact numbers because win or lose money, these sycophants are everywhere.
I've yet to lose money in any week long stretch after a few years with this method. But again, that's for you to decide. This past week was the absolute worst it performs due to sideways trading. And if you pulled a profit, you did it correctly.
Timestamp and position plus indicated direction aren't good enough? I'm not an accountant man. But I do know what works. I'm not spending an hour detailing all of my moves to be exact. I'm sorry, but I'm not digging through my transaction history that indepth. I have other things focus on. I'm happy that you felt the need to do that. But stop demanding it of me. You saw the strategy in play, it works both ways and Tesla ended the week with less than 1% difference overall. Good enough?
It's a needless number to compare with. As I've stated before. I mostly do options. I do not like to give insight as to what my position sizes are or anything to that effect. It's unpleasant to deal with. You can assume it's 100% for all intents and purposes. I only talk about options here.
Right. Exactly the reason for this strategy. The slow upside from midday to close. I expect a red open, following, green to midday Tuesday and a rally wednesday. Can't wait to see. Closed for MLK monday.
Dumping calls on 122 mark. Resetting for 120c 124p
Lot going on. That was a 121c not a 125c. Almost fatfingered and sold the wrong one too. But still a good day.
Sold my puts. Straddling on 116.
114c. 118p.
125c still left holding
Articles are hit pieces to justify analysts jobs. It's too boring to say: institutions don't approve of -0.1% CPI so everything will be red. But then it leveled off. So now it's going red again.
If you don't want to look at the overall market. Fine. But the misleading articles, that this is what's driving everything, is not healthy. It's on par with Boston posting accident reports again and again every day.
Don't respond to my stuff if you don't want the truth. We're smart enough to see this is a market wide correction. Same as yesterday. We don't need article journalists justifying their jobs to tell us how to invest. Because that's pretty much all that is.
That was just the % return from Tesla corrections. I go into other fields. The ones I mentioned. It's just that this one has the most activity, so it's my top pick for now. And again I do mostly options.
The 125p and 120p will do great today. If I can salvage the 121c today, we'll see. May hold that for Tuesday.
Hey guys. Guess pinterest is ran by Tesla too? It's massively red too!
And here I even thought the 120p I had was worthless. My method just gained more upside if this sticks
Getting used to seeing ups and downs as nothing more than movement requires shifting your mentality. Since you're used to trading straight shares, up is good, down is bad normally, and it will skew your judgement for this. I believe that's where your willingness to liquidate at times was hesitant. Tuesday and Today were both great opportunities for this play. Overall, I'm looking at a 257% gain from where I set myself up at the end of Friday, to right now. You will get there though.
To answer that first question, if I'm stuck with someone buying and holding, then it is what it is. This is why I look for the most volatile tickers so that doesn't happen. In the event it doesn't move, this is why I only start ITM, never OTM. I lose on time decay for a day, then move on. That's the absolute worst case, but rare which I covered a few days before.
I don't focus solely on Tesla. EXAS was great this week as well. SPY is definitely a good choice for this. Boeing was a slower play, but still somewhat rewarding. I only focused on one to start once I began this strategy. Every now and then I'll poke Netflix or Nvidia.
Your figures are a lower than I expected, but given time polishing the execution and it should perform better. Glad you were able to make it through yesterday and today. Trying to determine the bottom is difficult some days, but that's what the safety net on the new spread is for. Easing up error in judgement. Solid performance overall.
The entire market went into reverse. When all things food took a dive due to lackluster CPI, Pepsi, coke, Walmart... etc the entire market did. Then it all rebounded similar to Tesla. This was a data based correction. Don't drink the media, hit piece, koolaid.
This isn't the only ticker I follow closely. EXAS did the same thing. Boeing did the same thing. Paypal.. same thing. Microsoft, same thing.
That's gambling. I'm here to invest.
The harder the drop, the bigger the pop :)
Yes indeed. Snagged and reset multiple times, but my calls are ready to run. :)
Yes. Homeruns in that aspect are true. What it meant for those that sold the calls though is that they only missed out on the potential gains. They still kept the premium and the stocks were bought at that strike price from them. It's far better than the alternative of being on the buying end and having them go worthless the majority of the time.
Watching the premarket resistance testing is like watching a stage show usher somedays. Knocking on the market maker's door, seeing if he's ready to perform. Lol
Gets people moving.
Futures are green. Some optimism ahead of the CPI results.
Even if they do print, you get the premium and the strike. At $125, when it was issued, of a 120 strike ex date 1/17, the proceeds go to purchase more. Meanwhile the premiums can be used to purchase more on a dip at the cheaper price. It's just another method to handle corrections. High premiums, at the top. Purchase more with premiums at the bottom. 91,000 shares at this price is roughly 10m, and that alert was for 2.5m.
It makes some sense to me. Hedging bets for 25% of the new stake in the event it doesn't raise further to minimize losses.
Pay attention to those sweeps and imagine what they're doing as if it was you that had just invested heavily and wanted to split the take on the current position to hedge bets. People don't get rich because they're dumb.
Fail to plan and you plan to fail.
And yet you've missed the call sweep announcements. Selling off a ton of calls that won't print to more or less average down requires having the shares to begin with. It's another strategy that protects straight shares while garnering profit. The increase in the position just allows larger options stakes.
As I keep harping, there's more to stocks than simple up/down, red/black casino gambling.
They're the riskiest venture on the entire market. Buying options. Hence the entire point of this strategy. Risk management, and minimizing the exposure to the risk while raking in profits either direction.
If the opening bell doesn't react, it's time to move on to a different ticker and accept the Theta loss. That's worst case scenario. Volatility is a must, but that's what keeps trading alive in general, so the risk of 0% change all day is very minimal if you just follow the trends.
Primarily, yes, except I just butchered the terminology myself there.
I dealt with my share of losses in the beginning. Chalked it up to self taught broker's college. Refined my strategies. Played with straight shares, and always ended up on the losing side even though the technicals suggested otherwise. But this strategy is flawless. Except in a dead market. After getting success after success, bear or bull market, nothing can surprise you.
No reason to fix something that works every single time.