If I wire you 200k, can you make more than the lawyer that wants to daytrare my money and give me 3% monthly?
Just sayin, looks like every trade you do turns into gold.
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Honestly, timing the market like that multiple times is a tough job.The Daily Trader said yesterday that he took profit and went short IIRC lol. I really need stop following these types of channels. At least the Stocks Channel gives quick price targets without a bunch of BS.
yeah but he didn't load up at $620 that couldn't have been a profitable trade.
Not advice -BTW anyone have any thoughts on doing something with some +350/-750 put spreads for October? These were much nearer expiration 950 short strikes once upon a time that got rolled down and out for credit on the way down, and are finally OTM on the short end but still have a fair bit of time value... wouldn't mind getting the locked up $ back sooner to put to some use if anyone has any interesting ideas?
Now now, to be fair, Cory, from The Stocks Channel, definitely said it might go up, or down or sideways - credit where it's due!Yesterday all the TA youtubers were saying that we were going down based on yesterdays price action.... look what just happened today. Nobody knows anything it is a crapshoot
So yeah, I got run over today with my 800ccs.
But I haven't closed or rolled them (yet). Odds are decent we finish the trading week tomorrow below 800.
As I DCA'd the writing of the cc's, I'm not in terrible shape. Just slightly terrible. Curious about tomorrows price action, that's for sure.
Unless something changes with the macro overnight I’m expecting a gap up and run above 800. That’s just my read.So yeah, I got run over today with my 800ccs.
But I haven't closed or rolled them (yet). Odds are decent we finish the trading week tomorrow below 800.
As I DCA'd the writing of the cc's, I'm not in terrible shape. Just slightly terrible. Curious about tomorrows price action, that's for sure.
Last Friday I could have rolled my 750CC to 810 for this week for even credit, but I was too scared we would run past 810 and the $7 would grow to $40+. Tuesday I looked like a genius. Yesterday it was looking like I made a HUGE mistake by not rolling up and I had thrown good money away for nothing. Now I'm not so sure. This stock is so volatile in either direction now that staying as far as possible from the SP is the best way to go. One wrong guess can wipe away weeks or months of premiums earned. Good luck.So yeah, I got run over today with my 800ccs.
But I haven't closed or rolled them (yet). Odds are decent we finish the trading week tomorrow below 800.
As I DCA'd the writing of the cc's, I'm not in terrible shape. Just slightly terrible. Curious about tomorrows price action, that's for sure.
I rolled 760 to 820 last week. Interesting days. I’m thinking I shouldn’t think to he’s, do good math and chill out. Sounds dangerous. I’ll report back next week.Last Friday I could have rolled my 750CC to 810 for this week for even credit, but I was too scared we would run past 810 and the $7 would grow to $40+. Tuesday I looked like a genius. Yesterday it was looking like I made a HUGE mistake by not rolling up and I had thrown good money away for nothing. Now I'm not so sure. This stock is so volatile in either direction now that staying as far as possible from the SP is the best way to go. One wrong guess can wipe away weeks or months of premiums earned. Good luck.
Unless something changes with the macro overnight I’m expecting a gap up and run above 800. That’s just my read.
It could end up closing below 800 but I also think we might see a repeat of last Friday’s action.
Now now, to be fair, Cory, from The Stocks Channel, definitely said it might go up, or down or sideways - credit where it's due!
I’m still learning the wifeyspeak and it’s not in the dictionaryWhat does “sell the cash open” mean?