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  • #16,401
  • Dec 7, 2018 12:38pm Dec 7, 2018 12:38pm
Ok, I'm gonna take a chance here. I believe in Christmas miracles (and the weekly chart still looks really good), so I got in some more:

AAPL Dec18 190 CALL @ $0.25

Got in enough to drop my average cost down to $0.72, so a few good days next week should bring me much closer to break even than where I was ($1.65). Heck, a good bounce and I'll even make some money!
  • #16,402
  • Dec 7, 2018 4:07pm Dec 7, 2018 4:07pm
I have been 180 degrees wrong about the market moves. I thought we would rally to near the FOMC and slide hard into Q1 2019.

Looks like the rate hike angst has been baking in over the last week instead.

Maybe all that baking will be done and then...

1) The Dec FOMC will skip the rate hike, or
2) Even if they do hike, it won't matter, because it's already baked in

so

....paves the way for a late season Santa rally? Whotf knows....

But even so, I have lost money in December. so far...small losses but fml they add up...

Happy Holidays buddy.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,403
  • Dec 9, 2018 1:16pm Dec 9, 2018 1:16pm
looking for a bounce of some measure before we slide further later in the week, will look to see how futures open and there direction before considering a trade tomorrow on SPY. SPX has a bearish engulfing weekly candle close last week
  • #16,404
  • Dec 9, 2018 10:49pm Dec 9, 2018 10:49pm
/ES about to "break support" at 2,600, when will we see a bounce?
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,405
  • Dec 10, 2018 8:15am Dec 10, 2018 8:15am
Quoting Cecil Gee
looking for a bounce of some measure before we slide further later in the week, will look to see how futures open and there direction before considering a trade tomorrow on SPY. SPX has a bearish engulfing weekly candle close last week
decided to buy puts on NVDA so I'm in Dec 14 exp 145 puts for $2.91, the underly price is 149.27 as of now. Weekly chart rejection from 153 area was enough for me to try my luck on this
  • #16,406
  • Dec 10, 2018 10:30am Dec 10, 2018 10:30am
Quoting The Fool
/ES about to "break support" at 2,600, when will we see a bounce?
....sitting tight, looking for some consolidation, at least. If we have priced in Dec ffr hike, we could bottom and rally a bit into Xmas. More often than not, a Xmas rally is in the cards.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,407
  • Dec 10, 2018 11:09am Dec 10, 2018 11:09am
Quoting The Fool
{quote}....sitting tight, looking for some consolidation, at least. If we have priced in Dec ffr hike, we could bottom and rally a bit into Xmas. More often than not, a Xmas rally is in the cards.
you may be right, should the DOW close where it is 24303 area then we have a strong bull divergence on the daily chart that may start to unravel. May have to close my put trade and take a little loss. will wait till the close of today
  • #16,408
  • Dec 10, 2018 12:43pm Dec 10, 2018 12:43pm
Quoting Cecil Gee
{quote} decided to buy puts on NVDA so I'm in Dec 14 exp 145 puts for $2.91, the underly price is 149.27 as of now. Weekly chart rejection from 153 area was enough for me to try my luck on this
keeping the trade open for now. will see if it rejects again from 153 area tomorrow
  • #16,409
  • Dec 11, 2018 9:15am Dec 11, 2018 9:15am
Quoting Cecil Gee
{quote} keeping the trade open for now. will see if it rejects again from 153 area tomorrow
still in this NVDA put trade from yesterday, looking to reach 145 or lower and then looking to exit
  • #16,410
  • Dec 11, 2018 10:10am Dec 11, 2018 10:10am
bullshit bullish

https://finance.yahoo.com/news/wall-...152748599.html
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,411
  • Dec 11, 2018 12:22pm Dec 11, 2018 12:22pm
Quoting Cecil Gee
{quote} decided to buy puts on NVDA so I'm in Dec 14 exp 145 puts for $2.91, the underly price is 149.27 as of now. Weekly chart rejection from 153 area was enough for me to try my luck on this
closed at $3.20. lost too much premium from yesterday to the open of today as it opened at 155 to make any decent money, went low as 145 a little earlier.
  • #16,412
  • Dec 11, 2018 12:37pm Dec 11, 2018 12:37pm
may rally with just under 30 mins to go if we do then I'm looking to buy calls in SPY all depends where we will look to close.

Need SPY to trade above 267, at the moment its trading 265.61
  • #16,413
  • Dec 11, 2018 12:47pm Dec 11, 2018 12:47pm
Quoting Cecil Gee
may rally with just under 30 mins to go if we do then I'm looking to buy calls in SPY all depends where we will look to close. Need SPY to trade above 267, at the moment its trading 265.61
doesn't look like its going to happen
  • #16,414
  • Dec 11, 2018 12:57pm Dec 11, 2018 12:57pm
looking to get into NFLX 260 puts for DEC 14 expiry Nflx trading at 265.11, waiting to get filled
  • #16,415
  • Dec 12, 2018 8:44am Dec 12, 2018 8:44am
Quoting Cecil Gee
looking to get into NFLX 260 puts for DEC 14 expiry Nflx trading at 265.11, waiting to get filled
did get filled at $3.20 and closed with a loss, most of the premium.
  • #16,416
  • Dec 12, 2018 12:58pm Dec 12, 2018 12:58pm
New trade on NFLX gone long bought 285 calls at $4.50 for Dec 21 exp. NFLX trading at $275.40
  • #16,417
  • Dec 12, 2018 2:44pm Dec 12, 2018 2:44pm
Well, unless something major happens, I'm gonna assume the Dec18 AAPL calls are gonna be a total loss (though I'm still holding in case something really exciting DOES happen). That screw up on my indicator settings last month really messed up my weekly chart picks and cost me lots of money on both AAPL and WTW. Caused the weekly charts to look like a good setup several weeks before they actually were. Comparing my weekly charts to another program this morning, mine haven't changed hardly at all in weeks....none of them. Heck, AAPL just last week had the weekly setup (for real) that it indicated with the bad parameters four weeks ago!

I think I'm going to have to uninstall and then reinstall the program for the charts to track normal again. That sucks because it means manually imputing all the stocks I watch again. I might as well do my quarterly update for the stocks I watch and kill two birds with one stone. Gonna be a long night!

That being said, I got into some AAPL right at the close that should make some money just based on how it's been moving around lately:

AAPL Dec28 175 CALL @ $1.86

So far, December has been a disaster! I'm counting on this trade to actually bring me into a good profit this month......
  • #16,418
  • Edited 10:12pm Dec 12, 2018 10:00pm | Edited 10:12pm
CLAW back has been slow since the scary opening to the week. Santa rally (yes I still believe) could still happen if the Fed says some dovish words next week. I'm sure they are cueing up the bots to look for any hint of a slow down in the pace of rate hikes. The extreme outlier would be a skip of the Dec rate hike. With just a handful of trading days left in the year, it looks like the high is in. Maybe close the year around 2,850, at best, if the cards agree.
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,419
  • Dec 12, 2018 10:13pm Dec 12, 2018 10:13pm
risk $100 maxP $2,500, b/e about 2,750...
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,420
  • Dec 12, 2018 10:30pm Dec 12, 2018 10:30pm
...
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"If The Fool persists in his Folly he will become wise." - William Blake
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