• Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!

Misc Stock Market

This is a crazy day...I came into today with just MSFT/Q/SPY on. I added back $AMD at $95.50, added back $FB at 210 and got promptly stopped out. It looks like it's on complete meltdown.
 
severestorm said:
That's alot of lost equity though for homeowners wanting to sell. A 1% Rate Increase will Decrease Your Buying Power by 11%.
Click to expand...
Doesn't really matter to most. You have the same relative buying power. If your house goes down $200k, so does everyone else's at same price point.

Exception being people who bought at top and get stuck upside down on mortgage and get stuck in house.
 
Broken024 said:
Doesn't really matter to most. You have the same relative buying power. If your house goes down $200k, so does everyone else's at same price point.

Exception being people who bought at top and get stuck upside down on mortgage and get stuck in house.
Click to expand...
yup, that's what i was talking about. the fomo crowds going to get screwed over.
 
Wished I bought more PSEC back in the below 8.00, its doing great and keeps paying .06 dividend per share monthly. SPLV has been great for longer term investments. SPLV has gained 20% since I bought several years ago.
 
KyloG said:
NQ fighting the $14250 level. The level got rejected multiple times in March and eventually sold off hard. This is the 5th time over the past week or so it's trying to take out that level.


View attachment 117512
Click to expand...

Level on the NQ was $14300...rejected hard again. Stopped out of $AMD and closed out $MSFT for a nice gain. Stopped out of Q's too. Yesterday was great and gave a little back today but not to bad. Currently, just have SPY on....for now.

Screen Shot 2022-04-20 at 11.23.34 AM.png
 
FB cold blooded....great candle yesterday, hit $218...today the bottom fell out. Rumor is they will miss earnings.

Screen Shot 2022-04-20 at 11.26.49 AM.png
 
Some days I really hate this market....I set my Q's stop to $341.70....about 30 cents below the low of the day. They dropped it $341.66 and than yanked it up. ?

I should know better...I should have set my stop sub $340....so frustrating.

Screen Shot 2022-04-20 at 11.40.25 AM.png
 
Banks and travel are doing well today...thus SPY green.

sc-1.png
 
SPY looks great...reclaimed the moving avgs yesterday, bounced today at those. No clue what this market is going to do but S&P is only down like 6-7% from ATH's.

Screen Shot 2022-04-20 at 12.57.25 PM.png
 
KyloG said:
Some days I really hate this market....I set my Q's stop to $341.70....about 30 cents below the low of the day. They dropped it $341.66 and than yanked it up. ?

I should know better...I should have set my stop sub $340....so frustrating.

View attachment 117524
Click to expand...
Why are you setting a stop on an ETF? You're looking at a screen all day, and even if you're away for a bit, it's not going to drop 25% in 5 minutes like Netflix. The MMs run stops for a living.
 
Rain Cold said:
Why are you setting a stop on an ETF? You're looking at a screen all day, and even if you're away for a bit, it's not going to drop 25% in 5 minutes like Netflix. The MMs run stops for a living.
Click to expand...
In my swing account I always have stops set.
 
KyloG said:
In my swing account I always have stops set.
Click to expand...
I've done that too. If I'm trading individual issues, I almost always do it. With ETFs that mirror the broader indexes, I don't do it unless I put it well below the obvious stop-run zone. If I was just trying to make $10/$20 here and there, I'd probably be more diligent about it. But usually, when I do a swing trade, I am looking for more than that.
 
Rain Cold said:
I've done that too. If I'm trading individual issues, I almost always do it. With ETFs that mirror the broader indexes, I don't do it unless I put it well below the obvious stop-run zone. If I was just trying to make $10/$20 here and there, I'd probably be more diligent about it. But usually, when I do a swing trade, I am looking for more than that.
Click to expand...

If Q's only moved 0.5-1% intraday that would be one thing but it moves 3-4% intraday almost daily. That adds up....supposed you had $50k in Q's and you saved 2% b/c stop was set. That's a $1000.

I did have my stop set to tight today...I should have set it just below $340 which would have been just below the .618 fib. Or I should have closed it out at $347.50 which it's been rejected at multiple times in the past week. Lot of dumb things today by me.
 
Could be wrong, but if I was shorting Tesla, I don't like the fact that it's down 4% before its earnings report...
 
GeorgiaGirl said:
Could be wrong, but if I was shorting Tesla, I don't like the fact that it's down 4% before its earnings report...
Click to expand...

No telling what Elon is going to say on the earnings call tonight. They are going to want to know guidance for Q2-Q4 and if he is ready to announce expansion. They need more factories if they are going to hit delivery estimates for end of 2023 and into 2024.
 
Tesla earnings were impressive...but then again, they "only" delivered 300k cars last quarter for a trillion dollar market cap. That's where my issue lies. Toyota delivers about 300k cars every 2 weeks.... it takes Tesla 12 weeks. I won't touch Tesla long at this share price. Though, it probably goes up.
 
I may have a good laugh if it ends up being that I called a Tesla pump day, we do need to see if the call changes things though.

Overall, I'm happy with what the other sectors did in compensation, just wish it happened in late January (SPX was down nearly 2% on the last Netflix bomb day and was basically flat today as a comparison) and wonder why it didn't. Think one reason why it worked out this time might be sentiment is just flat bombed out now.
 
UAL with a great earnings. This was $20 6 weeks ago…now $50 after hours.

88E5D826-19F3-489F-9671-BA118F6265FE.png
 
What is it with these car companies. Carvana implodes and then rips shorts faces off.

1C21394D-4BF5-47A7-9B5D-17646DFB2A8C.jpeg
 
Broken024 said:
Ah I missed it too. Was taking a dump and trying to open a spread but couldn't get it to work on my phone. Got distracted on my way back to desk. ---- being in office.
Click to expand...
In now for some 342/334 expiring Monday for $1.80. Stop at $1.40.
 
You must log in or register to reply here.
Back
Top