The Investment Thread (2 Viewers)

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bclemms said:
Nice rebound. Buying puts on the close and selling them on open and then buying the open and selling the close on long plays has been easy money but it is beginning to feel trendy. I'm set up to do the same tomorrow but I don't think I'll buy tomorrow's dip if it happens.
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I was just talking to my friend about this.. the past 3 days been rinse and repeat. Loaded up on puts on Citi and Wells, also grabbed a large position on the SPXS.

I have had 3 very solid green days in a row with the exact same formula. Those hedge funds need to switch up their algos.
 
Started off way in the green today but already dropping.. I just hope it finishes the day/week somewhere in the green since i refuse to check any of my accounts after a red day.. meaning I haven’t checked any of them in quite a while .
 
Day traded all day today and it was easy money. Between Amazon, Nvidia, apple and netflix has been fun.
 
SaintInBucLand said:
Day traded all day today and it was easy money. Between Amazon, Nvidia, apple and netflix has been fun.
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Was an easy day. SPY hit 390 resistance just as the APPL news broke. The last 7-10 days has been really easy. Every time I start getting in this groove I end up having to go out of town for an extended period and I get completely lost. Technical trading about to take a back seat with earnings the next couple weeks headed into the FED.

I closed today so balanced I'm not sure it's possible for me to make any money either way in the overnight but managed to lock in my gains in the morning gap, grab puts and extend gains through the day. I have NFLX stock, sold my calls when SPY hit 390, bought puts held the stock and made a sheet ton on that one trade. BOIL has been blistering hot but finally trimmed down. I had a weird straddle set up on Coinbase. Have cheap longshot puts that expire in December but had $60 calls I grabbed before close on Friday. Those things shot in the money and I sold right as it crossed into the money. Sold early but made over 500%, paid for my puts, calls and some cash left over. Sold my GUSH on the bell, went back to DRIP. Every play I made today was selling peaks and buying troughs. Days like today make me think I could get rich doing this if I ever really brought my A game. Days like today also tend to make me overconfident and I tend to follow it up by losing my arse so took a ton of risk off the table. AAL calls are still my play for the week. After earnings I'm off the air travel bandwagon.
 
DaveXA said:
Wouldn't shock me. I'm surprised it's lasted this long tbh.
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I was thinking of a flash crash. Similar to March 10 2021. I’m the past 6 months GME has outperformed almost every other ticker I follow and all major indices.

I’m thinking they have been saving their ammo for something in the near term.
 
Turfie said:
I was thinking of a flash crash. Similar to March 10 2021. I’m the past 6 months GME has outperformed almost every other ticker I follow and all major indices.

I’m thinking they have been saving their ammo for something in the near term.
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Could be, we'll see.
 
SPY retesting 390. Just bought a bunch of SPY puts, if it breaks through will dump and buy calls. Big gap to next big resistance point at 410.
 
A lot of stocks roaring today. AAL has earnings to report in 2 days. The earnings consensus is a profit of 0.77/share. Which will be their first profit in a while.

DAL is buying about 100 737 Max's, so that's a nice shot in the arm for Boeing. But also a good sign of demand growth. Not sure how many aircraft Delta is retiring, or just adding back to the stable. I need to ask around about that a bit.

Hoping it's some positive news to re-build some investor confidence.

I'll tell you this, Hotels sure are cashing in on the demand now. Rates are stupid high in a lot of places.
 
bclemms said:
Punched straight through resistance. Sold my spy puts and bought calls.
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Don't want to wait and see what Netflix and Tesla earnings do to market? Plus we have GDP numbers coming.

Was more easy money today scalping at levels as they broke them. The algos will do that for you on days like this prior to earnings.

Could be a massive rug pull tomorrow.
 

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