Stock Market Today: November 28th - December 2nd

Discussion in 'Stock Market Today' started by Stockaholic, Nov 25, 2016.

  1. Baggi

    Baggi Active Member

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    Playing Tiffany's earnings today. Buying 77 put, selling 75.50 and selling $72.50 put to finance the spread. All this week options.
     
  2. Baggi

    Baggi Active Member

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    I'm so short that this slow climb up has lost me about 2% of my account and this one day of small down move has got back almost 1%.

    Crazy how weeks of down can slowly grind away my account and one down day gives half of it back.

    I love selling premium.
     
  3. StockJock-e

    StockJock-e Brew Master
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    It has been a curious rally, I think you get your pay day this week.
     
  4. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    you know what they say, you take the stair steps up and the elevator down, lol.
     
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  5. MaximusAnalysis

    MaximusAnalysis Active Member

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  6. Baggi

    Baggi Active Member

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    I didn't even intend to be this short. But, I try and keep my trades small enough that if things keep going against me, I don't have to worry. I just make adjustments and eventually the payday will come.

    My biggest (and dumbest) loss was election night. I bought a bunch of uvxy calls. Still haven't recovered from that. Probably won't before end of year.

    But, I only use about 25% of my account. I'll eventually grow that to around 50%. Then I'll use the other half to make adjustments when things go against me.

    For example, HAL went against me after earnings. After some adjustments, I got out with a small gain. Pandora has gone against me after earnings too. So far, I've made 2 adjustments and now I'm at a profit. But things are looking solid so I'll keep my position and wait for more profits. UA and FSLR have gone against me too. And they will probably end up as long time holds as I try to manage my way back to scratch. Unless they get some big up moves, which I doubt, I expect I'll be put the stock, eventually. Finally, Abercrombie and Fitch went against me too. It climbed back above $15 where I want it, but today fell back down below. We will see how that one goes.
     
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  7. barang

    barang New Member

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    MJLB ready to run
     
  8. Baggi

    Baggi Active Member

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    I've noticed a trend lately and only recently figured out how I could possibly be gaining in my account. Don't get me wrong, I'm still at a loss from the election, but growing from that loss.

    Almost every day it seems like I'm losing money. But, it occurred to me today. I'm always taking winners off and extending duration for losers. It's not uncommon that losers come back and I make money.

    But if I'm constantly taking winners off, it makes sense that my account will look more red than it is.
     
  9. StockJock-e

    StockJock-e Brew Master
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    You long?
     
  10. StockJock-e

    StockJock-e Brew Master
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    I think we are all guilty of that, taking profits off the table quickly and hoping the losers turn around!
     
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    OPEC coming up, should be an interesting day tomorrow :D
     
  12. JaysonW

    JaysonW Member

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    That's a bot, right? I don't remember HSM getting hit by so many fake accounts. Is this the new norm? I got a PM tonight from someone here wanting to send me pictures of themselves. :)
     
  13. T0rm3nted

    T0rm3nted Moderator
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    I don't know if it's a bot as much as someone just trying to pump up some penny stock to get more hype around it.

    Who sent you the PM? We can make sure they get banned ;)
     
  14. Baggi

    Baggi Active Member

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    I keep hearing oil is going to go screaming up or screaming down tomorrow, depending on what comes out of the OPEC meeting.

    Don't they have these meetings all the time? Whatever happens, I'll be asleep when it all goes down and will wake up to the destructive aftermath. Or the whimper.
     
  15. T0rm3nted

    T0rm3nted Moderator
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    International markets and pre market futures so far:

    upload_2016-11-30_3-19-15.png

    upload_2016-11-30_3-20-10.png
     
  16. LloydWCoutee

    LloydWCoutee Active Member

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    $USO I sold my calls when we had the run up to 10.14 yesterday. Didn't have the balls to hold overnight through the meeting. Regretting it
     
  17. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    so....im still in my UWTI play...i kind of wish i loaded the truck up more on the pullback we had on friday, but i dont like to hold huge positions before binary events, so oh well. but if there really is a deal, and it is good, it may be possible to buy the breakout for those who missed entry before the event.
     
  18. Jim BooDog

    Jim BooDog Active Member

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    UWTI DWTI to be delisted on the 8th of December as I'm sure you know. This would play into the volatility. These 3x bull/bear are risky enough as it is so congrats and good luck!!
     
  19. Jim BooDog

    Jim BooDog Active Member

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    Trumpflation messing with my strategies. Now add to it the OPEC vote popping oil, IF it lasts and doesn't backfire like the last one.
     
  20. Baggi

    Baggi Active Member

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    Taking off several winners today. I'm really liking my account lately.

    I actually am still expecting one more pop to the north. The e mini futures at 2250ish before heading back south.

    But if there is one thing I know for sure it's that I know nothing. So, I'm staying short and if we go to 2250 or 2260 on the SPX, I'll get more short.
     

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