It doesn’t matter if the index is down anymore. It’s stock picker’s game right now. SNDL, DMTK, NVDA, OPEN, NAKD, IRBT, UPST, UUUU, ZYNE etc all rocking right now the last few days/after hours. Highly volatile but comes with great momentum. I’m riding it and taking frequent profits.
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How do you trade so many counters, especially with calls? Just one stock is already handful. While looking at NVDA, I neglected four other stocks. So make here, lost there, damn… effort wasted.
Btw, don’t worry for @manch, he is laughing to the bank, he has tons of NVDA.
I have given up on serious analysis for time being. I completely rely on social media momentum and very basic charting consolidation/wedge formation as an entry point as the stocks are moving too fast. I don’t buy options on many as lot of the movement is happening AH/pre-market. There are times where literally everything is working and that time has been last 2-3 weeks. Having said that, I’ve taken a lot off before close today except UPST/DMTK/NVDA/IRBT, and basically watching with heavy dose of UVXY I bought before close. After almost 180% gain in my trading account last 2 weeks, I’m taking a foot off the pedal. It’s a crazy market right now.
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Exactly, screwed me up a lot.
That too.
I have been thinking about it. Just too indecisive. I need to wind back the clock and become younger.
My profit has not changed during that time! Win here lose there. Win there lose here. Frustrating. Time to change approach!
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What does the TSLA chart tell you? I still think it’s the iconic name for this cycle. As long as it stays invincible the party will go on.
I have not been paying attention to TSLA chart, just noted that it is red while indices are green.
Oh and now TSLA has mutated into TSLA+Bitcoin. Two memes converge into one!
This forum is proof that the stock market will crash.
Everyone is so obsessed with bs stocks. Meanwhile there is RE bull that this RE forum ignores. BTW Tesla is tanking
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Need to do anything? Just enjoy the appreciation! Not going to bid 20% above listing in Austin, can’t take this type of hypercompetion anymore.
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Once everyone is talking about RE prices skyrocketing
then I will get nervous
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Previously, I used to get calls from 2 or 3 friends a week about home buying tips, but nowadays it is increased to 10-12 people in a week.
Even today, two called me asked me which zip codes they need to look for better schools…etc.
Since I am not focusing on real estate, getting out of sync with current market, I avoid such calls.
True, the calls are increased, but that does not mean anything to me ! Like hanera said I am just enjoy the appreciation, not selling any home near future ! And no more buying too !!
Regarding stocks, whether it goes up or down, I make money. Today, I sold 40 spy puts which I bought yesterday 5 mins before close ! If deep correction happens, I make more money !!
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Wow you have so many friends.
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How do you make money when you have sold? Typo?
All of them current-colleagues and ex-colleagues, so many are looking to buy SFH at Dublin, Tracy and Mountain house.
Read full sentence !
Today, I sold 40 spy puts which I bought yesterday 5 mins before close ! Appx 33% return !!
But you say if deep correction happens… but you have sold.
I do not keep any of my spy/qqq puts/calls more than a day as market goes up one day and down next day!
It is hard for me to see beyond one day on spy/qqq.
Second, if I get more than 25% returns, I just sell them and book profit.
With low volatility, I may end up loss if I hold little long !
It depends on the stock or etfs, it is hard to follow single rule for different stocks/etfs.
Who knows perfectly it is deep correction, definitely not me !
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why is MH or Tracy better than Brentwood?
School ratings are better they say…
Start only? Tell me when it is about to end.
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