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Gonna head out for Tennis - my sell orders are set
... in case any of our guys have a spike!
It's a long weekend up here, I hope everyone gets some great trades in today and monday! Good luck my STP Pirate crew :)
TV
Haha, well said! Painful shocks are unfortunately one of the best ways most of us learn real lessons.
Back to the drawing board :P
All eyes on RAD :)
Return to basics / fundamentals is in order
A few of us are still catching on in terms of trade timing and mechanics. I have a bunch of Calls expiring worthless today, so I am putting myself in the 'PAPER Trade' doghouse until October 1st, for Options.
I'm comfortable with reading the Chart for stocks... Made $120 this morning on that IPI ticker. Chart said when to enter and exit, boom badda bing.
Gotta keep studying for getting some good Scans together and work on the timing of Option buys.
Cheers folks, good stuff
TV
A very good rule! Sam recommends waiting the full hour, lol
But 10:10 is still a good amount of time for dust to settle
Same as with buying calls or anything, try to get as close to the bid as possible when buying.
But the Strike you want to get on a put is the opposite of a call, you are aiming for the underlying stock to fall, so strikes that are in the money or lower than current stock price
Yarrrrgh Mateys - let's find proper booty!
This has been ugly so far today, but I've been working on scans.
I found IPI which went into STP
... but only if the chart says it's going lower!
STBV Halt - sucks big time
Hopefully it's a temporary halt and trading will resume today. You're up which is excellent, but yeah -- that's your $cash$ they now have tied up
I'm basically giving up on any OTC unless the chart is amazing and only for 3 hours max. My 2% success rate there hasn't paid for the 98% of bad trades looool
Sooo they've dropped RAD, GDX and SLV on us!
Morning sand and everyone!
Ahh very good, many thanks to D.A.!
Thanks D.A. and Jaxon, BECN does look good
Just about in full STP as long as the ADX 14 goes positive
and everything holds in this trend tomorrow.
Good find, Thx!
Sam - I am positive everyone here appreciates your guidance and
Seeing your specific details on trades has been extremely helpful.
It is indeed very handy to see when you exactly wrote these things and then refer to the chart for that time period, that makes things a lot clearer.
Thank you once again!
Reverse STP, great for Put Options
Sam and Global, I hope you guys are cleaning up with those.
Too advanced for me as yet :)
Swab the deck, good morning!
Keeping an eye on things when I can today :)
Ok great to know, Sam thx
Still learning the mechanics of smart trading :)
Blackshire, good work. I'm thinking it had to be done. I tried letting some go today as well but no one took my ask
RAD - everything's crossed, ok lol
I hope for all our sakes she moves this week
But hopefully not broke or working (full time) for very much longer :)
Haha indeed brother
RAD fingers and toes crossed...
Hey Sam - XLK, did you buy on the big morning dip
and sell already?
Sorry - that was wishful thinking, not reality :)
STP LLC that's a good idea
I'm definitely in as well. Sam's LBI Hedge Fund.
I'm still holding a bunch of XLK 58s
For this Friday! Yikes
STBV - no more stop sign!
Lol. Hasn't been a problem with many other risky, stop sign or even skull n crossbone stocks
STBV - agreed, that ones a monster, i'll be watching
Figment of the Imagination :)
TD Trade Archie, gotcha
I also have to get better at reading L2. Never enough time lol
I hear you. My level 2 on my TD platform is very clunky
Sam do you use the iHub service for L2? I may switch over to that
PLSB - heard of that one, Cannabis drinks or ?
Options can really jump - Air Canada
I bought Air Canada calls last month because the chart was looking good and they were on a tear. Then of course the stock spent 3 weeks falling.
Two days ago they announced excellent/record high quarterly earnings etc and I woke up to find my 'May as well set it high' Sell limit order snapped up at 09:30.
Phew, I'd almost completely given up on them.
Good lesson to set those GTC Sell orders, Like Global or Jaxon said.
Another lesson? Set them really HIGH... I missed out on .45 extra cents of mania before I even saw what was going on!
TV
Alas cannot trade STBV
Canadian authorities (Nanny State) consider it too risky. Cease Trade order. If I had shares now I would have to apply for permission to even SELL, hah
NYXO - no idea sir
Working fine here, but keep trying
SOmetimes I notice they don't update, I have to manually click on them to do so. Worth rebooting again, I think. Could your internet be out or intermittent?
STBV here it goes!
Damn Canadian authorities have a 'Cease Trade' on this one. I can not buy it from here, lol. I'll have to access my Cayman or Swiss account :P
Gotta learn to trade both ways - definitely want to learn to use the downward moves as well.
Have to get more confident and capable on the regular bullish upward ones tho! :)
Good stuff, Sam