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Sanrith Descartes

Sanrith Descartes

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BBBY

1660665956331.png
 
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karma

karma

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Lol. I picked up a few shares on my small webull account at 4.75 when it started gaining chat momentum on the offchance it moved. sold for a small profit a few days later at 5 and change. Think it was 12-13 percent profit. I wasn't unhappy, but.. would have been more happy if I wasn't paper hands mcgee
 
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Jysin

Jysin

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Just lightened my positions by a fair bit. We are so very well extended in a very short period of time. Expecting a pullback of some sort in the coming days/weeks.

Look at your charts and keep an eye how far away the SPY / QQQ gets extended (either direction) from the 20D EMA. Whenever we get too far out, we typically snap back like a rubber band. The further the extension, the more voilent the move back.

Just a way to trade around positions and generate better returns on actively managed portfolios.
 
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Jysin

Jysin

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Up 10% on those puts already. :cool:

**edit** ~20%

**edit** 30%

**edit** 40%
 
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Sanrith Descartes

Sanrith Descartes

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I have been looking to trim some stuff but kept missing the sell prices as I saw this run going a little too far too fast without any real externalities being addressed. AMZN was the first I finally got to hit. I have been looking to trim by half my TSLA at $955. Also might be trimming V in the near future.
 
Sanrith Descartes

Sanrith Descartes

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First time in a while I am starting to see price target increases instead of decreases.
 
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
Nice homerun trade. 60%+

Really only need one of these a month.
Click to expand...
While not as chunky as yours, AMZN did exactly what I expected it to do. Profits banked and will begin looking for a landing area to buy back in.
 
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Jysin

Jysin

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Reminder that FOMC minutes from last meeting come at 2pm. Likely to see some chop today until then.
 
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Jysin

Jysin

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14:00 *(US) FOMC JULY MEETING MINUTES: OFFICIALS SAW ONGOING RATE HIKES AS APPROPRIATE; SAW RISK IF PUBLIC QUESTIONS FED'S INFLATION RESOLVE
- Moving to restrictive stance is required
- Participants 'concurred' future rate hikes would depend on incoming information, judged that 'at some point' it would be appropriate to slow pace of increases
- Many officials saw risk Fed could tighten more than necessary
- Some officials say appropriate to maintain restrictive policy 'for some time'
- Pace of increases and extent of tightening dependent on economic outlook
- Participants agreed there was 'little evidence' inflation pressures were subsiding and that it would take considerable time for situation to be resolved
- Participants noted recent readings on inflation expectations were 'consistent' with long-run expectations anchored at 2%
- Strength of labor market suggests economic activity stronger than implied by weak Q2, raising possibility of upward GDP revision
 
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