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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28237733 - 03/20/23 08:31 AM (10 months, 4 days ago) |
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Gotta be careful with the Fed meeting coming up and all the headline risk surrounding the banks, which is likely not over, even as it seems the worst may be behind us.
Just a couple of notes so far this morning, not really doing too much on account of the above.
META - Not a screaming by here by any means, still below VWAP, but it found some stability after a little morning hangover and has been slowly grinding higher. The intraday low nearly tagged the 8 day EMA and the top of the 3/14 squeeze breakout. I'm going to take a little bit, as I didn't have any and the longer term pattern overall does look pretty nice. Big cap tech has been leading in a BIG way during all this turmoil. I don't really care for Facebook, but it seems they are leaning up their operation and after their huge drop, might be primed to improve their numbers quite a bit.
BOTZ - Two inside days near the top of the range and in a little bit of a squeeze. I'm already fully loaded here from tags of its 200 dEMA, but would probably be buying some on a move through $24 if I didn't already have all the exposure I wanted. This one is less of a trading position and more long term allocation on the AI theme.
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28237801 - 03/20/23 09:27 AM (10 months, 4 days ago) |
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Added to META on the move through VWAP and moved my initial stop up to $195.28 to reduce the risk of the larger position. I won't hold this entire position overnight, instead I will plan to sell 1/3 of it into a very strong close, or 2/3 of it into a weak close that doesn't violate my current stop, while maintaining my stop overnight. Active via April $195 calls, up a little bit overall, but not in a big way. Gotta keep expectations in check (and position size small) when the market is as volatile as it is.
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28237811 - 03/20/23 09:37 AM (10 months, 4 days ago) |
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Oh and look, the Kremlin is telling Russian officials to ditch their iPhones for fear of international snooping ... AAPL looking to breakout on the news (and the QQQ overall being an exceptional outperformer), taking a couple of May $150 calls. Initial stop at $151.63.
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28237985 - 03/20/23 11:45 AM (10 months, 4 days ago) |
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Probably should've kept my stop on META below the low of the day, but it's still below yesterday's point of control and generally underperforming, so I'll respect the stop and sit that one out for now. Took a very minor loss on the calls, which is why I raised my stop in the first place, to avoid the loss and to get me out if the thing wasn't working tip top.
Meanwhile, AAPL is making up the difference and pushing out of its squeeze. I also added a position in ALGM, a midcap semiconductor company (noticing a theme here?.. hint: it's tech), via May $45 calls, as they have the most open interest and tightest spreads, and this one is also expanding out of a squeeze after an exceptional post-earnings run and subsequent month long consolidation. Gonna give ALGM a little more room, with a stop at $43.49.
NVDA, honorable mention, I really need to try to stop trading NVDA and just hold the damn thing (I actually do have a handful of common shares in a long term account, but I keep getting shaken out of my larger trades).
ANET also deadly strong, but I can't buy it up here, even though last Thursday saw the stock break out to blue sky territory after over a year of consolidation. ANET would be one to watch for an opportunity to buy on any bloodbaths in the market.
And for a token non-tech, SGML, a lithium play, is putting in a very fine showing today. This one can whip around a little bit though, no position at the moment.
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Baby_Hitler
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28239256 - 03/21/23 08:07 AM (10 months, 3 days ago) |
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C'mon FRC!
YOO CAN DOO EET!
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Baby_Hitler]
#28239268 - 03/21/23 08:20 AM (10 months, 3 days ago) |
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FRC does not give me the warm fuzzies. I have been staying away from it, as I haven't seen any good day trade opportunities after that Thursday when I bagged that 31%. However, on its pop this morning and retracement to VWAP just now, I am taking a small position (100 shares), with a stop below VWAP at $15.49. This risks $50, barring a trading halt with a subsequent gap down. Low expectations, but a fun hot potato, so long as you manage your risk. Rather like a lotto ticket, this one is.
Hopped into AEHR this morning, looking like it could be a clean breakout. Careful with earnings on the 30th. Haven't decided if I'll be holding through or not, as this company is appropriate for a longer term hold, both with regard to its sector positioning as well as its chart technicals. If I do hold over earnings, I would probably cover the position with calls, just in case, especially since options premiums are so high right now.
Market overall looking a little "gap and crappy".
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28239290 - 03/21/23 08:35 AM (10 months, 3 days ago) |
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FRC starting to move a bit off of VWAP, doubled down, staggered stops at $15.49 and $15.93 for now, will keep ratcheting them up.
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Baby_Hitler
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28239299 - 03/21/23 08:49 AM (10 months, 3 days ago) |
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I'm still holding the 9 shares I picked up at around $43, so I'm way down. Nothing that's gonna make me miss a mortgage payment, but it's taken a big chunk out of my gambling money.
I also picked up 3 shares of AI yesterday.for about $22 each.
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Baby_Hitler]
#28239346 - 03/21/23 09:25 AM (10 months, 3 days ago) |
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Stops will save yer ass, although appropriate position size can do similarly. I was stopped outta half my FRC trade this morning for a slim gain, stop on the second half moved up to $16.62 to lock in another minimal gain. Not moving the way I wanted it to, so I'll let the stops do their job and stop babysitting it. Alerts set at HOD (high of day), if crossed, stop will be bumped up again.
SHOP pushing to the top of its squeeze. Added a handful of April $45 calls with a stop at yesterday's low, which is also home of the 20 day moving average.
AI approaching its HOD, in with a stop below VWAP (~$22.27), for a maximum ~2% loss on the trade. In fairly big size on this one since AI stuff is moving well and I can keep risk contained with a very tight stop (BOTZ up to the top of its range also).
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Baby_Hitler
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28239368 - 03/21/23 09:45 AM (10 months, 3 days ago) |
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I still haven't even figured out all the different types of stops and orders, yet.
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28239460 - 03/21/23 11:14 AM (10 months, 3 days ago) |
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Stop on AI moved up to breakeven... as we get closer to the close of the day, need to manage risk. It's just that kind of market. In a friendlier, trending market, I would leave it looser, but this isn't that. S&P is between its 200 day exponential and simple moving averages, as well as between its 50 day and 20 day moving averages... talk about directionless. Sheesh. Fed meeting in two days.
Impossible to know how the market may react. The chatter I'm seeing is that expectations are for a 0.25% raise, not because a raise is necessarily warranted right now (it will surely continue to pressure the already beleaguered banking sector), but because the ECB raised by 0.5% and if they don't raise at all, the conjecture is that people will think the banking crisis is a bigger deal than the authorities have been stating thus far. Well, it is a pretty big deal, and halting pausing the rate hike cycle makes sense to me, but in the end, economists always fly relatively blind into the unknown oblivion.
Play it close to the vest. Speaking of which, guess that means I'm missing the FRC move now, but them's the breaks.
AEHR, AAPL, SHOP all pushing to their HOD. AI and BOTZ not far behind... so I can't complain, although this has been a very difficult market to trade with confidence. The only way I can do it is by keeping position sizes small and babysitting mostly intraday action. I have enough capital to warrant the endeavor, but it's a bit like watching paint dry most of the time. Raining cats and dogs here though, so not much else for me to do (except get ready for the powder session @ Mt Baldy on Thursday!).
Bitcoin moving up on volume here. MARA starting to print a fairly attractive pattern, although the 200 day moving average lies as resistance overhead. I might take a cheat position here via some longer dated calls.
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Enkidu
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28240855 - 03/22/23 06:50 AM (10 months, 2 days ago) |
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Been doing well since I started trading options
Rocky start and almost lost it all but I've already pulled out more money than my original investment so right now my account is 100% free money
-------------------- Within You , Without You
      
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Enkidu
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Enkidu]
#28240867 - 03/22/23 07:07 AM (10 months, 2 days ago) |
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Svb banking fiasco

But markets have been looking bullish likely in anticipation of a fed hoke of .25 bps, find out today and then this week should help give a better indication of what direction the market wants to go
-------------------- Within You , Without You
      
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gopher
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Enkidu]
#28240999 - 03/22/23 09:44 AM (10 months, 2 days ago) |
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My trading platform is going to bring in options soon
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Enkidu] 2
#28241097 - 03/22/23 10:54 AM (10 months, 2 days ago) |
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Ok, how in the hell are you up almost 600% inside of four months? Congratulations! But honestly, that number is scary to me for one primary reason. To achieve that rate of return, you had to have taken some very low probability and highly leveraged bets. While it's surely not impossible to generate those returns on occasion, that style of trading almost always inevitably leads to ruin.
gopher, a word of caution on options. When I started trading them, the market was in a very solid trend and I felt like a genius, amazed at how I was often minting thousands of dollars a day with minimal effort. It almost felt criminal to make money so fast. But there came a time to pay the piper. In line with my words of caution above, as quickly as I made some exceptional gains, I gave them all back and then some! And I repeated that exercise several times over, before learning how to more consistently manage my risk. Options are a fantastic vehicle to use in a well defined trading strategy that you can execute with unwavering discipline, but just remember that for most people, they're the express lane to losing your money.
My advice is to be extremely cautious/conservative as you learn to implement them into your trade strategy. Start by selling puts to accumulate stock, and selling out of the money calls against your common shares (i.e. covered calls) to generate yield. This is essentially BEING the market maker. You're selling derivative assets with a time premium that are generally inclined to expire worthless (allowing you to capture the premium as a quasi "dividend" - that is, generate cash flow). If you have a ton of capital, this is literally all you need to do, and it can be very low stress and generate a tremendous amount of money. For less capitalized folks, more aggressive strategies involving directional calls and puts may help boost your returns, but I'm telling you, options have a tendency to take people's money away from them, much more often than they return a capital gain, with regard to the aggregate options market on average.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Enkidu
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: gopher]
#28241103 - 03/22/23 10:57 AM (10 months, 2 days ago) |
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Waiting for fed meeting and would have been nice to catch this bounce but APL may be moving out of a bull flag on the daily. Weekly looks strong here as well and has room to run.
May be worth watching for a pullback for entry. But this could keep moving as well. Nasdaq has been ripping and showing signs of a potential macro bottom and reversal.
Geo what are your thoughts on apple here ?

-------------------- Within You , Without You
      
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Enkidu
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Enkidu]
#28241114 - 03/22/23 11:01 AM (10 months, 2 days ago) |
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Thank you geo and you're right
I've been taking risky trades in options that have very small time before expiration to catch a quick swing up then I'm out. Those trades could easily expire worthless if the direction proved wrong and i held the call.
A lot of my gains recently have been thanks to using options on stock that is tied to crypto. So this recent pump has allowed me to capitalize off that. Coin, mara, Microstrategy etc. I've mainly traded coin
That account was down 155% at one point because I had made more money than my initial investment then lost more than my initial investment.
But again at this point I've taken out 1.5x my initial investment so my account is free and I'll keep it going if I can.
I also found a mentor who teaches trading strategies. I've started to grt serious about learning this last month on top of being obsessed with charts for almost 3-5 years now but unable to discover how to utilize the skill. Leverage from options has allowed me to do that
-------------------- Within You , Without You
      
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Enkidu
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Enkidu]
#28241123 - 03/22/23 11:09 AM (10 months, 2 days ago) |
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Also gold silver and precious metals have been showing strength every time the markets pull back.
If fed comes in strong and markers don't react well those are the places to find gains.
Gold is getting rejected on a third attempt at the triple top resistance on the weekly on this giant cup and handle lookong pattern that has taken years to form.
With every profitable trade I am longing shares of gold and silver
If gold pops this top its going on a massive run imo
-------------------- Within You , Without You
      
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Enkidu
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Enkidu]
#28241129 - 03/22/23 11:10 AM (10 months, 2 days ago) |
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I shared this in crypto but I found this interesting as well and want to make sure everyone sees it
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gopher
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Enkidu]
#28241218 - 03/22/23 11:45 AM (10 months, 2 days ago) |
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Yeah I sold some of my paxg for crypto, about half of it
Problem is ive been saving money in my government matched account, and saving money for my kratom funds, and i have no money left after both those
I'm barley even saving in my shorterm saving account, everytimee I get up $600, I spend $500 on kratom
I dont even have much money to buymy precious metals, gold is way out of my reach, in orbit, and silver I'm ableto buy a few dimes every month, 20-50 worth
Myplan is to save up for a 1/10 ozt gold to bring my gold stash to an even ounce, but that will take melike 3 maybe 4 month if prices continue to go up
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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