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Old 04-08-2020, 01:02 PM   #61 (permalink)
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I've got a couple rules of thumb. No Chinese stocks, and no mining stocks.
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Old 04-08-2020, 01:54 PM   #62 (permalink)
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Alright well I'm a terrible gambler because I can't stick to my plan. The plan was hold DFEN and my 420 SPY calls for a V- shaped recovery.

I sold the 255 DFEN 3x shares for 1.2k profit, bought DFEN calls expiring in July at a strike of $20.00 with the profit (problem is they are low volume so... I won't be able to sell them if the price drops), and put the initial principal on SPY PUTS 265 strike.

This always happens, I always switch it up on a whim, can't stick to the plan, will likely get caught by the V-recovery with my pants down. Let's lose some moneys!

EDIT : Nvm spy puts order was rejected. Don't know yet if this is good or bad.

EDIT2 : I don't take rejection well.. lol.. switched to 280 SPY CALLS. No hedge

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Old 04-08-2020, 02:10 PM   #63 (permalink)
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Ballsy move ReconSWS. I'm not that deep into the futures trading, seems sketchy.

Put in a couple orders this morning at a limit. Will see if they execute in the next couple days.

GE@7.00
XOM@42
O@50

Building hopefully a nice little dividend portfolio at historically low prices/high yields. Lots of upside growth in these. Also looking to buy more SPCE as I think Virgin Galactic is onto something and could blow up like Tesla at any time.
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Old 04-08-2020, 02:23 PM   #64 (permalink)
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I like your plays a lot better must admit :P I need to de risk.

Edit : Wow looks like that rejection by my bank saved my ***, at least for the time being (minute to minute).

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Old 04-08-2020, 02:40 PM   #65 (permalink)
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Man. I still believe that fundamentals are bad, but fighting the fed isn't a winning strategy so far. Haha.

Bought more SH today.

Last edited by russc; 04-08-2020 at 02:56 PM.
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Old 04-08-2020, 03:01 PM   #66 (permalink)
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Okay I sold those calls for 30% gains on that initial principal, and switched back to Spy 265 puts. Also, bought SPXS shares 3x short. I'm with you RUSSC short this bitch, fake pump. I think I've derisked a bit, even if it goes up more, I hate playing options.
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Old 04-08-2020, 03:15 PM   #67 (permalink)
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The broader market is pretty bearish right now in terms of sentiment but everything is trading like we're in a recovery. Definitely not comfortable with this situation lol.

My original thesis was that we would hang out around a 20%-30% low (around Dow 22k) and fluctuate in about a 5-10% range for the next couple months until solid therapy for Covid-19 or some good news was found to encourage a breakout. I'm still holding to that idea but this last 3 days of trading has really shaken my resolve.
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Old 04-08-2020, 03:56 PM   #68 (permalink)
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Well that was an uneventful end of day. Tomorrow up or tomorrow down who knowsss.
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Old 04-08-2020, 05:16 PM   #69 (permalink)
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Quote:
Originally Posted by ReconSWS View Post
Well that was an uneventful end of day. Tomorrow up or tomorrow down who knowsss.
Futures are trading upwards and oil is back on the rise. I'm willing to bet it'll be up through the end of the week, possibly flat line on friday while people sell off before the weekend.

The real question: is this our rally or are we setting up for a big fall?
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Old 04-09-2020, 06:19 PM   #70 (permalink)
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Got jumpy and made a couple dumb emotional buys on XOM and O at an intraday high. I know they will come down next week as this bubble slows down. Just goes to show stick to your guns on stock valuations and don't waver in the face of a bull or bear market.
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