OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[johnnyredstorm]

Smart move getting out. You get a move like that you take profits and never look back. Anyone buying that for anything more than a day trade is pushing their luck.

 

[arturzeee]

Smart move getting out. You get a move like that you take profits and never look back. Anyone buying that for anything more than a day trade is pushing their luck.

Yeah definitely. That stock hit an intraday high of $40 then dropped down to $18 or so. 

 

[wizards23]

Is reddit the new yahoo message boards? Glad you're friend didn't become a bag holder. I'm sure there are a few people caught holding AQXP

 

[johnnyredstorm]

took a little too long to get into some FB puts so I couldn't take targets at the lows and had to stop out. Lost 100 bucks, gotta regroup and be more efficient tomorrow. Still up 64 bucks from when i re-funded the account.

 

[noskey]

So, Sprint. This is just setting up for a strong put option play, no? The stock's jumped 50% in 2 weeks and is looking heavily overbought. JRS, Wiz, any thoughts?

 

[johnnyredstorm]

eh not something i'm particularly interested in trading. not a fan of cheap stocks. looks like it may have a little more upside. 4.67 could be the upside pivot if that holds for a move to 5.

 

[degenerate423]

Still up 64 bucks from when i re-funded the account.

Gains .

 

[superantigen]

Been trading an inverse oil ETF on my practice investopedia account for some months now...

was up like 5K+ yesterday. Wanted to take the money but decided to wait and see if it'd go up some more today.

About 4.7K in the red at the end of the trading day... x

What did I learn? Take profits whenever you can...





...

So my favorite trade when it comes to inverse oil etfs is DWTI. It was priced at $63.65 when I made my og post on 5/21 in reference to it. Closed today at $173.87. Closed my positions some time back around $125...made a nice profit but still missed so much upside.... I blame it on not being focused...too distracted with life...







...

 

[concordefliteschool]

Thoughts on USO at this point? Long term...

 

[based mod]

:x

 

[johnnyredstorm]

Made decent coin on INVN in like January or December. Never looked back.

Did a poor job today. Wasn't focused enough and took a FB short instead of realizing it was basing in an abcd pattern. Should've gotten short TWTR which had a nice lower high to risk on or gone long in that FB base. Down 60 bucks now. Gotta be sharper and avoid 50/50 trades.

 

[dathbgboy]

Media companies been a selloff period, going to hold off maybe another day or so and get in on CMCSA before the end of the week. Been watching them for a while and Universal has been doing well and will be for the foreseeable future.

 

[dakid23]

I really wish I would have invested in AQXP last week. My friend made $4500 in a day.

The come up

 

[based mod]

This Sprint run-up is a lil too much.

TSLA being resilient as always

 

[johnnyredstorm]

Stopped again today. Took a nice entry in FB 93.50 puts at .34. Reached .46 at one point, but it could never break 94.50 and stopped out at .29. Risked on o/u 95 so got out at that point. Market is just very choppy right now. Tough to get more than a dime on some of these options trades. Down to 355 from 500 now. Just need one good trending day to reverse course.

Now it looks like FB may be reversing lower. Funny market.

 

[mynameaintg]

better long-term

UA or NIKE?

 

[suavamente]

better long-term

UA or NIKE?

Both are good, NKE IMO. The price points right now aren't great

 

[superantigen]

Been trading an inverse oil ETF on my practice investopedia account for some months now...

was up like 5K+ yesterday. Wanted to take the money but decided to wait and see if it'd go up some more today.

About 4.7K in the red at the end of the trading day... x

What did I learn? Take profits whenever you can...





...

So my favorite trade when it comes to inverse oil etfs is DWTI. It was priced at $63.65 when I made my og post on 5/21 in reference to it. Closed today at $173.87. Closed my positions some time back around $125...made a nice profit but still missed so much upside.... I blame it on not being focused...too distracted with life...







...

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:x ...







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[based mod]

I mean, there has to be a floor for crude right?

 

[andycrazn]

I mean, there has to be a floor for crude right?

all hell will break loose once it breaks 40. im in dwti so i might be biased but between the crude storage, energy credit crunch, and production, i dont see how you can be bullish on oil atm.

 

[noskey]

In on BP crashing with oil prices.

 

[dman14]

disney dowgraded by bernstein
taking a huge hit :x

i need to start learning to take gains, even if it's little

 

[johnnyredstorm]

Took FB 92.50 puts this morning at .20. sold them at .16 for a small loss. why? because like an idiot I got short in a parabolic without a plan, felt uncomfortable and cut the trade off. didn't have any buying power to get short again when it actually signaled a short 15 minutes later and that was that. those puts hit 2.20. oh well. gotta be smarter and more precise with my execution.

terrible week mostly because i traded like an idiot instead of letting the setups come to me.

DIS levels of support: 100 and 90.

 

[Chopper]

Needless to say Ill be taking the full $3k loss on this years taxes.

 

[based mod]

Anybody looking to take advantage of the recent slump for a v-shaped rally?