Boiler Room: The Official Stock Market Discussion

[humminbird]

 

[chineebai]

thinking qqq test 287.75 again, then go down further, if it hits 287.75 and can't go above that, puts are in order, just my opinion. wants to test that gap at 285, just my opinion

 

[chineebai]

want to see aapl test 8dma of 138. maybe lower gap fill and test of 52wk lows.

too easy, nice little 40% put. scaled out half, raise stops.

 

[BlaxOps]

 

[Deafheaven]

market finally acting like it got some goddamn sense

 

[chineebai]

thinking qqq test 287.75 again, then go down further, if it hits 287.75 and can't go above that, puts are in order, just my opinion. wants to test that gap at 285, just my opinion

goddamn im on fire today. Easy money today.

 

[BlaxOps]

thinking qqq test 287.75 again, then go down further, if it hits 287.75 and can't go above that, puts are in order, just my opinion. wants to test that gap at 285, just my opinion

Completely filled it.

 

[chineebai]

aapl gap filled, another one at 132 to be aware of.

 

[choc_cardigan]

too easy, nice little 40% put. scaled out half, raise stops.

For my learning purposes, so you got 40% profit I understand that. But when you scaled out half and raised stops, that means you took 20% and then changed the stops to a lower target price?

 

[Rickdogg44]

aapl gap filled, another one at 132 to be aware of.

What timeframe on candles are you using?

 

[chineebai]

For my learning purposes, so you got 40% profit I understand that. But when you scaled out half and raised stops, that means you took 20% and then changed the stops to a lower target price?

I brought 20 put options, made 40%, sold half so I got 10 left and I set the stop of those 10 to where I took my profit so that I'm making at least the amount on the rest of the 10 left as where I sold my original 10. It's how maximize profit. I do the same on stocks.

 

[chineebai]

What timeframe on candles are you using?

daily mostly but I also use 1H chart for intraday trading as I'm doing with aapl and qqq.

 

[chineebai]

keep in mind that volume is very muted today so keep in mind on short term traps either way. It's not a market you want to do scalp unless you have experience,

 

[chineebai]

overall everything still bearish. Started a position in SQQQ. Just my opinion.

 

[chineebai]

SPOT is so weak, patiently waiting for it to go below 98, and then I'm thinking puts until 88. jmo.