I started trading mid-year around when you started the substack and have been doing well. I have been more aggressive with buying premium using some of your ideas along with my own. I am up around 160% on my trading account, but more importantly I have been learning what works for me and my trading style. It is one thing to see you or anyone else do a trade, but doing it yourself is another challenge. I need to focus on waiting for the charts to line up with macro and/or what the company has for tailwinds/headwinds instead of hoping the charts will flip because of those factors.
Seeing how the unusual options and charts work together has been an eye opener for me that I have seen on here.
Also wondering if you have seen the massive out of the money call buying on RLX. Chart looks fairly decent as well. I grabbed some calls.
hey james! Are you in the discord? or do you just have a different name? Damn man 160%, i need lessons from you lol WTF. RLX or RBLX? I don't know RLX.
Its nice to see people learning the real ways of the market, too many are focused on fundamentals, reading income statements,etc that stuff really is almost meaningless unless you want to make yourself feel better about being down on a position.
And it is RLX. It's a small Chinese vape company. The stock is at 2.6 but they were buying calls in size at 2.5, 3.5 and 5. I want to say over $2 million in premium. It just seemed like something you would be interested in for the unusual options be placed. There's got to be a massive announcement or something coming out IMO.
FWIW + IMHO, I don’t think it’s boring to trade or go long Microsoft esp given the current macro. Actually I find it safer to only trade 3 names (Amazon, Google, and Apple) bc even if the markets were to crash I’d be (bag)holding great companies!
Joined in September and +30% since. Who knows what garbage I’d be bag holding without this Substack. Got back all my losses on the year and then some. Thank you for saving me from the Twitter gurus of this world lol
Any thoughts or charting on Apple? I sold $145 CC 12/30 expiration for $7 premium as I find it hard to believe that 200 DMA (~$154) will be hard to break. Also, I wanted to protect my downside risk in case of a rug pull given that SPY is above its 200 DMA.
I've been struggling to be honest this rally. I was able to catch the two big moves u but proceeded to give it all back over the subsequent days. I've got to stop swinging for the fences and take the green when I see it! How is the floor on Amazon? I'd like to sell puts on it but might just be setting myself up for a rugging and should just take your advice and sell microsoft puts
don't beat yourself up alex, its a learning process and the best way to learn is unfortunately to get punched in the mouth a time or two, believe me I've been there.
With that said, Amazon is cheap, but its also a tax harvesting victim for the the final month of the year. It's easily the weakest fang name but as long as it holds the recent lows of 85.xx its fine, I personally would not play it close. Im short some puts well below that level, but Amazon is so so so bad right now. It's below 2018 highs, that is how bad things are now, they have alot of issues to fix.
I started trading mid-year around when you started the substack and have been doing well. I have been more aggressive with buying premium using some of your ideas along with my own. I am up around 160% on my trading account, but more importantly I have been learning what works for me and my trading style. It is one thing to see you or anyone else do a trade, but doing it yourself is another challenge. I need to focus on waiting for the charts to line up with macro and/or what the company has for tailwinds/headwinds instead of hoping the charts will flip because of those factors.
Seeing how the unusual options and charts work together has been an eye opener for me that I have seen on here.
Also wondering if you have seen the massive out of the money call buying on RLX. Chart looks fairly decent as well. I grabbed some calls.
Keep killing it the rest of year!
hey james! Are you in the discord? or do you just have a different name? Damn man 160%, i need lessons from you lol WTF. RLX or RBLX? I don't know RLX.
Its nice to see people learning the real ways of the market, too many are focused on fundamentals, reading income statements,etc that stuff really is almost meaningless unless you want to make yourself feel better about being down on a position.
I am not but would love to join if possible!
And it is RLX. It's a small Chinese vape company. The stock is at 2.6 but they were buying calls in size at 2.5, 3.5 and 5. I want to say over $2 million in premium. It just seemed like something you would be interested in for the unusual options be placed. There's got to be a massive announcement or something coming out IMO.
Ah that’s probably why man, I don’t really trade names like that haha I try to stick to bigger companies for the most part
FWIW + IMHO, I don’t think it’s boring to trade or go long Microsoft esp given the current macro. Actually I find it safer to only trade 3 names (Amazon, Google, and Apple) bc even if the markets were to crash I’d be (bag)holding great companies!
That is what I meant by it could be worse. I wouldn’t run and buy it here at 255, just below that gap.
Yeah exactly and TYVM for your awesome posts as always! ❤️
Joined in September and +30% since. Who knows what garbage I’d be bag holding without this Substack. Got back all my losses on the year and then some. Thank you for saving me from the Twitter gurus of this world lol
nick work kurt! I see you on the discord from time to time but you're quiet. Good job though, glad you're doing well
Any thoughts or charting on Apple? I sold $145 CC 12/30 expiration for $7 premium as I find it hard to believe that 200 DMA (~$154) will be hard to break. Also, I wanted to protect my downside risk in case of a rug pull given that SPY is above its 200 DMA.
FWIW, my cost basis on these Apple shares is ~145.
Probably solid, apple has a lot of issues with China and the stock is still pricey
Thanks for your quick reply! :)
I've been struggling to be honest this rally. I was able to catch the two big moves u but proceeded to give it all back over the subsequent days. I've got to stop swinging for the fences and take the green when I see it! How is the floor on Amazon? I'd like to sell puts on it but might just be setting myself up for a rugging and should just take your advice and sell microsoft puts
don't beat yourself up alex, its a learning process and the best way to learn is unfortunately to get punched in the mouth a time or two, believe me I've been there.
With that said, Amazon is cheap, but its also a tax harvesting victim for the the final month of the year. It's easily the weakest fang name but as long as it holds the recent lows of 85.xx its fine, I personally would not play it close. Im short some puts well below that level, but Amazon is so so so bad right now. It's below 2018 highs, that is how bad things are now, they have alot of issues to fix.