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Doesn't feel much like swinging for the fences over here, and I appreciate the perspective & the experience that informs that perspective.Pretty ballsy move swinging for the fences like this. The only guys who call the bottom right are the guys who put out a new youtube video every day.I'm taking advantage of the last few green days to pull back the cash I had put back to work in my 401K. So now back to 100% cash from 80%. I'll take the 4% and wait for the effects of the whipsaw changes to show up in the economic data - I think a better entry point is ahead, IMO. Good luck to all.
Are you trying to start an issue here and are you a willing to contribute your input/expertise?
How will you know the bottom? Are you looking for some specific trading activity? Some of the bears I've been watching are saying that some of the metrics for a bottom have been checked off while others haven't.Doesn't feel much like swinging for the fences over here, and I appreciate the perspective & the experience that informs that perspective.Pretty ballsy move swinging for the fences like this. The only guys who call the bottom right are the guys who put out a new youtube video every day.I'm taking advantage of the last few green days to pull back the cash I had put back to work in my 401K. So now back to 100% cash from 80%. I'll take the 4% and wait for the effects of the whipsaw changes to show up in the economic data - I think a better entry point is ahead, IMO. Good luck to all.
No plans for a daily youtube as of now - and if I do start one y'all will be the first to know!
How will you know the bottom? Are you looking for some specific trading activity? Some of the bears I've been watching are saying that some of the metrics for a bottom have been checked off while others haven't.Doesn't feel much like swinging for the fences over here, and I appreciate the perspective & the experience that informs that perspective.Pretty ballsy move swinging for the fences like this. The only guys who call the bottom right are the guys who put out a new youtube video every day.I'm taking advantage of the last few green days to pull back the cash I had put back to work in my 401K. So now back to 100% cash from 80%. I'll take the 4% and wait for the effects of the whipsaw changes to show up in the economic data - I think a better entry point is ahead, IMO. Good luck to all.
No plans for a daily youtube as of now - and if I do start one y'all will be the first to know!
The daily youtube wasn't directed at you directly. Been following some folks who generate enough content that they'll be right half the time. They'll be on record about a correct bottom. How do you call a bottom if you only have one shot?
Personally I hedged by setting up a Roth to convert shares if we have a second dip and will have a plan in place to move x amount based on y drop.
It's a first Roth account. Plan would be to pay the taxes on the traditional shares at a discount and move to a Roth.How will you know the bottom? Are you looking for some specific trading activity? Some of the bears I've been watching are saying that some of the metrics for a bottom have been checked off while others haven't.Doesn't feel much like swinging for the fences over here, and I appreciate the perspective & the experience that informs that perspective.Pretty ballsy move swinging for the fences like this. The only guys who call the bottom right are the guys who put out a new youtube video every day.I'm taking advantage of the last few green days to pull back the cash I had put back to work in my 401K. So now back to 100% cash from 80%. I'll take the 4% and wait for the effects of the whipsaw changes to show up in the economic data - I think a better entry point is ahead, IMO. Good luck to all.
No plans for a daily youtube as of now - and if I do start one y'all will be the first to know!
The daily youtube wasn't directed at you directly. Been following some folks who generate enough content that they'll be right half the time. They'll be on record about a correct bottom. How do you call a bottom if you only have one shot?
Personally I hedged by setting up a Roth to convert shares if we have a second dip and will have a plan in place to move x amount based on y drop.
Not a tax person but setting up a second Roth account for this is not part of the flowchart I have.
My apologies if I misunderstood. As I've said, I'm not a trader but I would definitely interpret the last two days as a (tempered) positive development. PLTR is still in a short-term downtrend (from $125 all-time high) but like you say it broke through meaningful resistance yesterday ($98) and today's price action was good confirmation of that. Based on this, some might wait for even further confirmation before trading and others might be confident enough to enter into a trade with stops and targets based on the candlestick (e.g. body size, wicking pattern). Others might use Fibonacci retracements to set their targets. Additional and more sophisticated tools exist such as put-walls and FOMO indicators to give further insight into support levels and sentiment. Next big test to the upside will be the all-time high. The fact that PLTR has risen back above 20-, 50- and 200-DMAs IMO mitigates risk that this is a dead cat bounce.
I won't know the bottom, and I don't plan on trying to find it - but my plan is to come back in based on valuation of S&P from where I took it out originally (6066). VERY unscientific!How will you know the bottom? Are you looking for some specific trading activity? Some of the bears I've been watching are saying that some of the metrics for a bottom have been checked off while others haven't.Doesn't feel much like swinging for the fences over here, and I appreciate the perspective & the experience that informs that perspective.Pretty ballsy move swinging for the fences like this. The only guys who call the bottom right are the guys who put out a new youtube video every day.I'm taking advantage of the last few green days to pull back the cash I had put back to work in my 401K. So now back to 100% cash from 80%. I'll take the 4% and wait for the effects of the whipsaw changes to show up in the economic data - I think a better entry point is ahead, IMO. Good luck to all.
No plans for a daily youtube as of now - and if I do start one y'all will be the first to know!
The daily youtube wasn't directed at you directly. Been following some folks who generate enough content that they'll be right half the time. They'll be on record about a correct bottom. How do you call a bottom if you only have one shot?
Personally I hedged by setting up a Roth to convert shares if we have a second dip and will have a plan in place to move x amount based on y drop.
Thanks for sharing. I hope we do get one more drop so everyone can can back in at the levels they want.I won't know the bottom, and I don't plan on trying to find it - but my plan is to come back in based on valuation of S&P from where I took it out originally (6066). VERY unscientific!How will you know the bottom? Are you looking for some specific trading activity? Some of the bears I've been watching are saying that some of the metrics for a bottom have been checked off while others haven't.Doesn't feel much like swinging for the fences over here, and I appreciate the perspective & the experience that informs that perspective.Pretty ballsy move swinging for the fences like this. The only guys who call the bottom right are the guys who put out a new youtube video every day.I'm taking advantage of the last few green days to pull back the cash I had put back to work in my 401K. So now back to 100% cash from 80%. I'll take the 4% and wait for the effects of the whipsaw changes to show up in the economic data - I think a better entry point is ahead, IMO. Good luck to all.
No plans for a daily youtube as of now - and if I do start one y'all will be the first to know!
The daily youtube wasn't directed at you directly. Been following some folks who generate enough content that they'll be right half the time. They'll be on record about a correct bottom. How do you call a bottom if you only have one shot?
Personally I hedged by setting up a Roth to convert shares if we have a second dip and will have a plan in place to move x amount based on y drop.
First entry point will be 20% back in @ a 15% drop (rather than the 10% drop I had previously planned - which is essentially where we are now). Tentative plan is another 20% back in for each 5% drop from there. If we go down 35% (3945) I would be all back in at that point.
For me, the bottom line is it felt a LOT worse watching my balance go down from that 20% I had put back in than it did missing the opportunity to put more $$ in when it was lower.
So, I actually have only a concept of a plan, and that will evolve I'm sure as we all move through these next months/ years as this plays out.
Definitely open to suggestions, and could end up costing myself here for sure - but I think we're going down before we go up.
Eff that! To the moon!
But some are already happening
Yeah I trimmed some PLTR and NVDA to lock in some profits - and I have a feeling I'll be able to buy back next week a lot cheaper.
I'm in opposite world....
Yeah, I'm late to the game, hopefully not too late
$13.50 here
WIX
Balance sheet?
This is pretty close to my thinking, too. Another green day or two early next week and I'll be back in the SPY put market. This time, I'd pony up for some longer-dated puts which would get me past the 90-day pause, so mid-July or thereabouts. They'll be steep but that's a lot of time and comfort to get some downside protection.
Who the heck is on the other side of these? Just Robinhood degens?So, I found about $600 in my robinhood account. about all that was left after losing ALOT on stocks and mostly crypto longshots.
Current situation...
Started with about $600
1 month--- up 1693.84% - so about $9500
Current bets...
66 VRT shares cost $86.64
options--------
WOLF - $4 call....50 contracts at .14 exp 5-02
VRT - 90CALL - $3.50 exp 05-09
BULL - $12.5 putt --cost .85 15 contracts
VRT $87 call $5.45 exp 5-16
VRT $88 call cost $7.15 exp 5-30
WOLF $4 call....10 contracts .99------exp 9/19
just to follow along
Well, what I'm I. Now is irrelevant to the 1600%Who the heck is on the other side of these? Just Robinhood degens?So, I found about $600 in my robinhood account. about all that was left after losing ALOT on stocks and mostly crypto longshots.
Current situation...
Started with about $600
1 month--- up 1693.84% - so about $9500
Current bets...
66 VRT shares cost $86.64
options--------
WOLF - $4 call....50 contracts at .14 exp 5-02
VRT - 90CALL - $3.50 exp 05-09
BULL - $12.5 putt --cost .85 15 contracts
VRT $87 call $5.45 exp 5-16
VRT $88 call cost $7.15 exp 5-30
WOLF $4 call....10 contracts .99------exp 9/19
just to follow along
Many options trades and some stock trades are made by "market makers" which are firms that agree to make good on bid -- ask spreads to grease the wheels of liquidity. Lots of these options trades are probably conducted because one of those firms has agreed to be a market maker and execute them on one end of the spread.Who the heck is on the other side of these? Just Robinhood degens?So, I found about $600 in my robinhood account. about all that was left after losing ALOT on stocks and mostly crypto longshots.
Current situation...
Started with about $600
1 month--- up 1693.84% - so about $9500
Current bets...
66 VRT shares cost $86.64
options--------
WOLF - $4 call....50 contracts at .14 exp 5-02
VRT - 90CALL - $3.50 exp 05-09
BULL - $12.5 putt --cost .85 15 contracts
VRT $87 call $5.45 exp 5-16
VRT $88 call cost $7.15 exp 5-30
WOLF $4 call....10 contracts .99------exp 9/19
just to follow along
He who shall not be named tweeted something about tarrifs.
Futures down a half percent? Yawn.
This is why I was thinking maybe betting against shipping stocks... Hmmm
We start seeing those in the next 2-4 weeks in my estimation. All the fluctuations thus far have been on uncertainty, trying to figure out what the heck is going on. Now we are poised for a reaction to the impacts of the decisions that were made. We have estimates that containers are likely to be 60ish% empty in the next coming weeks.
My puts are all later summer to December. They are pricey, but it's fire insurance on a house that's currently ablaze.
The current market is almost entirely propped up by retail investors. This is not some appeal to authority or statement that those with Bloomberg terminals are smarter than those without. But we are virtually guaranteed shortages. Even if all tariffs are reversed tomorrow and all foreign countries immediately go back to their pre-tariff production and trade agreements. My bet is that retail investors will not be able to stomach shortages without a big selloff.
He also "suggested" income taxes go away completely for people making under $200K a year among other things. Just more uncertainty IMO.
So where does the hedge fund money go and to a smaller extent where does my money go if there isn't Chinese crap to buy?
My puts are all later summer to December. They are pricey, but it's fire insurance on a house that's currently ablaze.
The current market is almost entirely propped up by retail investors. This is not some appeal to authority or statement that those with Bloomberg terminals are smarter than those without. But we are virtually guaranteed shortages. Even if all tariffs are reversed tomorrow and all foreign countries immediately go back to their pre-tariff production and trade agreements. My bet is that retail investors will not be able to stomach shortages without a big selloff.
Matresses more likely.So where does the hedge fund money go and to a smaller extent where does my money go if there isn't Chinese crap to buy?
My puts are all later summer to December. They are pricey, but it's fire insurance on a house that's currently ablaze.
The current market is almost entirely propped up by retail investors. This is not some appeal to authority or statement that those with Bloomberg terminals are smarter than those without. But we are virtually guaranteed shortages. Even if all tariffs are reversed tomorrow and all foreign countries immediately go back to their pre-tariff production and trade agreements. My bet is that retail investors will not be able to stomach shortages without a big selloff.
