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Jysin

Jysin

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Sanrith Descartes said:
This isnt a long term play. I generally despise T from my decades working there. I think they jump on earnings in a few weeks. They dumped a ton of bad news with the HBO spinoff. Odds are I am out after earnings.
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Sanrith Descartes said:
I went back and checked my trade log. 1st, Your memory is quite amazing for someone of your advanced age. 10 trades exactly not counting this one. As to the results, the options were nearly a wash, small green. The long positions had one real dog which ate most of the small profits on the other trades. Ten trades netted me a 7% profit. Not worth it. Thank you for pointing it out. Sold out my long at $15.22
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T down about 5% since then. New 52w lows. Good sell. You owe Blazin Blazin a beer.

00:44 T JPMorgan Chase and Co Cuts T to Neutral from Underweight, price target: $17 from $22
- Citing slowing growth drivers and overhang from potential lead liability
 
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Jysin

Jysin

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NVDA hit $480. As good a place as any to start a short. Going via options. NVDS is a 1.25% bear short vs NVDA ticker. Much lower premiums vs buying NVDA puts.

20 contracts for $8C September expiry (past earnings) for 50c each. This is a max risk of $1k. Lotto play on NVDA reversion to the mean lower.
 
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ShakyJake

ShakyJake

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Jysin said:
NVDA hit $480. As good a place as any to start a short. Going via options. NVDS is a 1.25% bear short vs NVDA ticker. Much lower premiums vs buying NVDA puts.

20 contracts for $8C September expiry (past earnings) for 50c each. This is a max risk of $1k. Lotto play on NVDA reversion to the mean lower.
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You're buying NVDS calls, right?
 
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
NVDA hit $480. As good a place as any to start a short. Going via options. NVDS is a 1.25% bear short vs NVDA ticker. Much lower premiums vs buying NVDA puts.

20 contracts for $8C September expiry (past earnings) for 50c each. This is a max risk of $1k. Lotto play on NVDA reversion to the mean lower.
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Put a limit order in at 50c. Waiting to see if it fills.
 
Sanrith Descartes

Sanrith Descartes

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Jysin said:
T down about 5% since then. New 52w lows. Good sell. You owe Blazin Blazin a beer.

00:44 T JPMorgan Chase and Co Cuts T to Neutral from Underweight, price target: $17 from $22
- Citing slowing growth drivers and overhang from potential lead liability
Click to expand...
An under appreciated skill for investors to possess is the ability to take good advice.
 
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Sanrith Descartes

Sanrith Descartes

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I hate 5 cent increments on options. Swapped to market order and got mine at 54 cents.
 
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Fogel

Fogel

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Compared to NVDA, META has a little bit of support in the 250-300 area, NVDA has little support in the 250-300 area and definitely no support at these levels
 
Tmac

Tmac

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Sold half my NVDA shares a couple weeks ago and just emptied my ROTH of the rest of them. Doubled my money.

I think that's probably one thing I've learned here over the last couple of years. Don't just go all in and all out. Build your position over time and reduce your position over time. That time could be a few days, week, a month, six months, or a year. It keeps me from going too hard in the paint.
 
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Sanrith Descartes

Sanrith Descartes

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Tmac said:
Sold half my NVDA shares a couple weeks ago and just emptied my ROTH of the rest of them. Doubled my money.

I think that's probably one thing I've learned here over the last couple of years. Don't just go all in and all out. Build your position over time and reduce your position over time. That time could be a few days, week, a month, six months, or a year. It keeps me from going too hard in the paint.
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Im Proud Of You Jake The Snake Roberts GIF by DARK SIDE OF THE RING
 
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Tmac

Tmac

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And based on a lot of the "OMG I didn't nail the top or bottom" posts recently, the strategy of taking your profit and reducing your losers at a certain pace could solve for you too.

Instead of 1 trade, turn it into 3, 4, 5, 6... trades.
 
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Sanrith Descartes

Sanrith Descartes

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Tmac said:
And based on a lot of the "OMG I didn't nail the top or bottom" posts recently, the strategy of taking your profit and reducing your losers at a certain pace could solve for you too.

Instead of 1 trade, turn it into 3, 4, 5, 6... trades.
Click to expand...
I use this strategy a lot with my lots. If I ended up dollar cost averaging after a serious downturn and it has begun a nice recovery or I added on a climb up and its getting pricey, I sell off the most profitable lots first and lock in that largest profit. While this gives up some top end profits, its a hedge against the stock turning south on me before I can finish exiting.
 
Jysin

Jysin

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Really hoping that this is just the start of sizeable selling on NVDA. This was nearly a perfect top tick short.

1689361424687.jpeg
 
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Sludig

Sludig

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Whelp my small local bank sold its locations to shitty seeking westreet. Don't have documentation yet on what happens to my 4.5% money market so tone to shop for someplace with a physical location locally with good rates.
 
Sanrith Descartes

Sanrith Descartes

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Sludig said:
Whelp my small local bank sold its locations to shitty seeking westreet. Don't have documentation yet on what happens to my 4.5% money market so tone to shop for someplace with a physical location locally with good rates.
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If you don't mind me asking, why does it have to be a physical branch? If you are just looking for a decent return you can use Amex, Sofi, Goldman etc for online and get 4+% in a savings account and then link it to your physical branch bank and account and insta move money across. The only disadvantage is I think the savings accounts have a 6 withdrawal a month limit by law.
 
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