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Lightning Lord Rule

Il_Duce Lightning Lord Rule

Lightning Fast
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Blazin said:
Going to need a time machine to change my $18 cost basis with a $8.50 cost basis please.

Remember when it was $37.60 and we didn't sell. Pepperidge Farms remembers
Click to expand...
tenor.gif
 
  • 3Worf
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Jysin

Jysin

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Blazin said:
Going to need a time machine to change my $18 cost basis with a $8.50 cost basis please.

Remember when it was $37.60 and we didn't sell. Pepperidge Farms remembers
Click to expand...
I'd have to pull up my trades, but I was swing trading MTTR before you guys were playing with it here. I made plenty, but didn't get that big move towards the end. Been out of the name for a while.

Logs show:
2021-11-04 09:37:00MTTRBUY$20.800
2021-12-09 09:56:29MTTRSELL$26.646
 
Sanrith Descartes

Sanrith Descartes

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Blazin said:
Going to need a time machine to change my $18 cost basis with a $8.50 cost basis please.

Remember when it was $37.60 and we didn't sell. Pepperidge Farms remembers
Click to expand...
We will always have NKLA

1643305217743.png
 
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Sanrith Descartes

Sanrith Descartes

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Those paperhands of mine from the open looking pretty prescient about now.
 
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Jysin

Jysin

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No one talking about the 6 red consecutive 5min candles on the SPY?

Suspicious Meme GIF by MOODMAN


*edit: and QQQ flipped red on the day
 
Blazin

Blazin

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Jysin said:
I'd have to pull up my trades, but I was swing trading MTTR before you guys were playing with it here. I made plenty, but didn't get that big move towards the end. Been out of the name for a while.

Logs show:
2021-11-04 09:37:00MTTRBUY$20.800
Click to expand...
Don't include me in the "playing with it". Still not playing with it, it's a long term investment that in years and years ahead its going to become a more important company in a changing world. Sure after a big decline I wish I had bought lower who wouldn't. But for where I want it to go it's meaningless to worry about if you paid $8 or $18. I'll be buying more if we hit $8 that would probably be my last touch of it other than a response to results.
 
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Lightning Lord Rule

Il_Duce Lightning Lord Rule

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Blazin said:
Don't include me in the "playing with it". Still not playing with it, it's a long term investment that in years and years ahead its going to become a more important company in a changing world. Sure after a big decline I wish I had bought lower who wouldn't. But for where I want it to go it's meaningless to worry about if you paid $8 or $18. I'll be buying more if we hit $8 that would probably be my last touch of it other than a response to results.
Click to expand...
Post if you put in a buy so I can copy ponder your move.
 
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Jysin

Jysin

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Blazin said:
Don't include me in the "playing with it". Still not playing with it, it's a long term investment that in years and years ahead its going to become a more important company in a changing world. Sure after a big decline I wish I had bought lower who wouldn't. But for where I want it to go it's meaningless to worry about if you paid $8 or $18. I'll be buying more if we hit $8 that would probably be my last touch of it other than a response to results.
Click to expand...
Didn't mean anything by it bud. Just from the sense that I was in and out before it was talked about on here and I've kept away (aside from some scalp day trades).

I have this name on my radar too, but just need the markets to play ball. These type of names are being destroyed right now. Inflows aren't in these names. They will be, but when is anyone's guess. As you said, long enough time horizons shouldn't matter. But if the market does want to leg down again from here, I want my capital ready to go into immediate cash generation.
 
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Blazin

Blazin

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Big move in ABBV so I went ahead and sold 2/18 calls against position. Most of my long term portfolio is very green today even with SPY/QQQ weakening. I have lots of orders to sell calls for next month.

Current Open Orders:
All for 2/18 Exp
Calls Strikes
VIAC $38
CAH $55
MDT $111
MPC $75
JPM $155
 
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Zog

Zog

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Jysin said:
No one talking about the 6 red consecutive 5min candles on the SPY?

Suspicious Meme GIF by MOODMAN


*edit: and QQQ flipped red on the day
Click to expand...


Makes sense I guess to people that understand options... Too much Gamma.

If its down, you know its going up...if its up, you know its going down.

Its all on apple... if Apple cant get people to sell their shorts then we will continue to chop with options shenanigans.
 
Blazin

Blazin

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Because of post earnings decline holding off selling calls on ABT give it a chance to move up some first. No calls on CLF either at this level and my MRK calls exp tomorrow.

It's tempting to hedge Market index position selling some calls. Always a gamble you could sell SPY calls at or just above the money and get a pretty nice premium to cushion a decline but a rally would dampen that trade pretty damn fast.
 
Borzak

Borzak

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My energy ETF I bought back in on Monday is up almost 9% since then. For a minute I thought I could sell and almost match inflation. Err scratch that, inflation so far.....
 
  • 1Worf
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Jysin

Jysin

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Call me paperhands McGee, but for the sake of transparency, I halved my big SPY position on the break of ~436 low when we failed again. 425-428 is the big support zone, which I will put half of the half back on. Failing that seems like a direct shot to ~400 and I will have a lot more to play with.

I'm just readjusting my cost basis positioning for the next leg down. (Which may not even come!) I feel a lot better with 40% invested right here in this precarious macro environment vs 75%.

Bring the pain!
 
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Borzak

Borzak

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Yeah the economy is growing at the fastest rate since the early Reagan years, just heard that on the radio. If I run over 4 people, do CPR on 2 and they live. I have a 50% life saving rate yah!!

Just in a passanger seat today watching for the most part.
 
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Sanrith Descartes

Sanrith Descartes

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Hindsight being 20/20, instead of selling my SPY put when I went with the call at the open, I could have rode it up while I sold the call and then rode the put back down for $$ banking on the reversal. Damn its easy make money when you look backwards in time.
 
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Blazin

Blazin

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Jysin said:
TSLA is going to find the 200D at this rate.
Click to expand...
I like to calculate the 5:1 split back in and realize it's trading at $4,205 and I didn't like it over $300, so I may buy in if we can get a drop to $60.00
 
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