Boiler Room: The Official Stock Market Discussion

[winb83]

nike's clearly not "that" company anymore, and another jordan is not coming along. i can see the bear case

it's not like a tech company, they're not gonna invent a new world-changing chip or battery or some shyt

It's not a core position of mine. It's less than 1.7% of my holdings. Will continue to buy a share every time I gat paid and possibly shift some dividend payments to buying shares. It will likely never be more than 5% of holdings.

 

[winb83]

PPCIan doesn’t seem to like Nike.

I’m still buying. I think they’ll turn it around but with Amazon down it’s not a huge focus for me.

 

[Mirin4rmfar]

$Hood dip

 

[winb83]

Sold half my Tesla shares that had the higher cost basis. Bought Visa with the proceeds. I'll keep the other half and if it falls below the cost basis I sold for consider adding back but I'm not sure I want to have much invested in a company with such an unstable CEO making the damn thing a political symbol.

 

[FabTrey]

@FabTrey - how is day trading going? I think that may be the way during this term. Too much volatility over night that could swing against you

I'm just chillin' lately. No need for me to hustle daily.

My only swings are

BA, PLTR, IONQ, TEM, MARA, HIMS, TSLA calls. Scaled 70% already.

 

[FabTrey]

ADTX was nice.

Spoiler

I’m shifting my focus to SPY/QQQ 0DTE trades with my small account, refining my strategy to fit my life style. It's much less grind. It wont get my heart pumping like break outs, but still very fun. I’ll stick to trend scalping and only counter-trade on reversal signals using profits only.

Chasing morning breakouts is just too much lately, and waking up at 4 AM pst is a grind.

Now that I have a solid cushion, I’m in no hurry. I’m good with trading once or twice a day and just taking it easy.

 

[FabTrey]

i've been using this indicator. green is buy, red is sell.

this works fairly well with spy/qqq day trade on a trend day. try it with a small size. be patient and don't be greedy. for ex - buy 10 cons, sell 7 after 20% gain, leave a runner @ b/e.

 

[mson]

Would anyone advise buying stocks and flipping them quickly instead of options? I still haven't dipped my toe in contracts. Buying and holding is my game. But this holding for a year plus gets frustrating. Obviously I would have to deal with the tax implications from a quick sell.