38 unique view(s)
Discuss current stocks, trades, and anything else on a day-to-day basis here...
pftq (Official) says in Stocks Daily Discussion...
New positions for today total are:
SYY Oct. 30x calls at $1.2
PCS Oct. 11x calls at $.70
Also picked up a few QCOR 33x weekly calls at $1.45 as a gamble to see if it bounces after today's huge plummet.
SYY Oct. 30x calls at $1.2
PCS Oct. 11x calls at $.70
Also picked up a few QCOR 33x weekly calls at $1.45 as a gamble to see if it bounces after today's huge plummet.
t-rex (Guest) says in Stocks Daily Discussion...
Short GS, what do you guys think. Potential exit on pink line.
P.S. How do you post images?
P.S. How do you post images?
pftq (Official) says in Stocks Daily Discussion...
I can see the posted images just fine. You can also just upload to tinypic.com and use the BBCode they give you directly in your posts.
For GS though, I would normally draw the trendlines from the outermost peaks or troughs, at least the outermost for the year.
Not saying what you drew is invalid, but I have no opinion on it since I have not tried that before.
I would be careful of shorting banks when QE is in effect though. It looks like you're just planning for a short into pullback so that's nice, but there are probably much easier things to go short on.
For GS though, I would normally draw the trendlines from the outermost peaks or troughs, at least the outermost for the year.
Not saying what you drew is invalid, but I have no opinion on it since I have not tried that before.
I would be careful of shorting banks when QE is in effect though. It looks like you're just planning for a short into pullback so that's nice, but there are probably much easier things to go short on.
38 unique view(s)
September 17th, 2012
pftq (Official) says in Stocks Daily Discussion...
Averaged down on BAC and SPY calls. Thinking this is about the extent of the pullback. Still confused why we'd sell off at all with QE3 just out, but ah well.
Dave (Guest) says in Stocks Daily Discussion...
long $TASR. thoughts?
ItsMeexD (Guest) says in Stocks Daily Discussion...
time frame? any news? good volume, stopped by 6.12 resistance, if it can clear 6.37, hello 6.88.
ItsMeexD (Guest) says in Stocks Daily Discussion...
also 10X daily calls today. nice spot!
115 unique view(s)
September 14th, 2012
pftq (Official) says in Stocks Daily Discussion...
Got out of weekly calls at 148 on SPY. 146x today expiration, +300%
Going to reload on pullback, probably slower expiration and maybe other less overbought tickers to scale down my trading again.
Going to reload on pullback, probably slower expiration and maybe other less overbought tickers to scale down my trading again.
pftq (Official) says in Stocks Daily Discussion...
Just holding some SPY next week calls and BAC 10x Oct. calls now.
Picked up most the BAC calls on the pullback based on the below chart:
Picked up most the BAC calls on the pullback based on the below chart:
119 unique view(s)
September 13th, 2012
pftq (Official) says in Stocks Daily Discussion...
Crazy spike on SPY. Went heavy on spy calls after we dipped back below 145. looks like qe got announced
wd1040 (Guest) says in Stocks Daily Discussion...
Since when did additional MBS purchases which will be recycled into more MBS purchases mean QE3? Looks like QE 1 vers 2... except that didn't really work in the long run.
pftq (Official) says in Stocks Daily Discussion...
So far just me and Kevin Fu watching the market shoot up lol
You guys need to come on Live Chat and join us.
https://www.pftq.com/forums/chat/
You guys need to come on Live Chat and join us.
https://www.pftq.com/forums/chat/
pftq (Official) says in Stocks Daily Discussion...
lol at my program still holding SPY from June. I really look forward to the day it finally makes a trade, would be dramatic.
pftq (Official) says in Stocks Daily Discussion...
Got out of my SPY next week 145x calls at $1.68 (from $1 an hour ago).
Going to gradually reload as we dip. Thinking maybe we pullback mid-day and then end-of-day run up again to close near highs.
Going to gradually reload as we dip. Thinking maybe we pullback mid-day and then end-of-day run up again to close near highs.
126 unique view(s)
September 12th, 2012
pftq (Official) says in Stocks Daily Discussion...
Looks like more sideways until the Fed announcement tomorrow. Only picked up two trendline breaks for today; will watch KSS into close to make sure they keep looking bullish before I buy calls (but I'll be on my phone - so we'll see how well that goes lol ). Already picked up STJ Oct 40x calls at $1.30.
pftq (Official) says in Stocks Daily Discussion...
lol at the relief rally on AAPL. Too much selling before the release so after it goes up instead.
Passed on KSS, didn't like that it closed below 54
35 unique view(s)
September 11th, 2012
ItsMeexD (Guest) says in Stocks Daily Discussion...
good spot on GS, was going to go in at 104.75 but took too long to go.
133 unique view(s)
September 7th, 2012
pftq (Official) says in Stocks Daily Discussion...
Out of GS at $.75 (+500%). I think I remember someone telling me yesterday how I was sure to lose money on this trade because of the lack of hedging. Interesting how that went.
Signal from yesterday:
CMA calls also at $1.30 here (+62%), but expiration is longer so I can hold.
AXL from a couple weeks back (a trendline break) is also at $.80 now (+45%).
Signal from yesterday:
CMA calls also at $1.30 here (+62%), but expiration is longer so I can hold.
AXL from a couple weeks back (a trendline break) is also at $.80 now (+45%).
pftq (Official) says in Stocks Daily Discussion...
Out of AXL at .9 (+63%).
Into next week F 10x calls at $.25
Update: Out of at $.30 - was fast.
Into next week F 10x calls at $.25
Update: Out of at $.30 - was fast.
142 unique view(s)
September 6th, 2012
pftq (Official) says in Stocks Daily Discussion...
http://finance.yahoo.com/news/ecb-agrees-bond-buying-plan-124538395.html
Now I know why my program refused to do anything but hold long the past couple weeks. Another win for the program since I'm already out of SPY calls. SPY is already up $1 in pre-market. Bah
Now I know why my program refused to do anything but hold long the past couple weeks. Another win for the program since I'm already out of SPY calls. SPY is already up $1 in pre-market. Bah
alice (Guest) says in Stocks Daily Discussion...
yup. still dont understand this stuff. I give up.
pftq (Official) says in Stocks Daily Discussion...
GS and CMA just broke upper resist on my program. My program doesn't buy until close, but I will try to time an entry before then (we'll see how well I can time on a phone during class >.< )
pftq (Official) says in Stocks Daily Discussion...
Managed to grab GS weeklies at .15, already at .25 now. Couldn't fill my whole order quickly enough though.
pftq (Official) says in Stocks Daily Discussion...
Added CMA Sept 31x calls at .80. Was supposed to buy at ask at .72. Hate the Wi-Fi here.
pftq (Official) says in Stocks Daily Discussion...
Bah GS calls didn't trigger the sell limit I left at $.32 while I was in class. (highest price just 2 cents lower but I wasn't there to change it). Hope it triggers tomorrow morning. <_<
38 unique view(s)
September 4th, 2012
pftq (Official) says in Stocks Daily Discussion...
Out of SLV calls at $1.55 (+29%).
pftq (Official) says in Stocks Daily Discussion...
Watching AAPL today to see how strong this bounce is:
Going to be in classrooms with poor reception all day though, so probably no trading until tomorrow morning.
Going to be in classrooms with poor reception all day though, so probably no trading until tomorrow morning.
38 unique view(s)
September 3rd, 2012
metrolist (Guest) says in Stocks Daily Discussion...
RSI 2 and Trentline have differ results for SLV, BRF, and EWG. RSI2 had no indicator to buy or short.
pftq (Official) says in Stocks Daily Discussion...
RSI2 and Trendlines are complementary strategies. They almost never signal at the same time.
38 unique view(s)
August 31st, 2012
pftq (Official) says in Stocks Daily Discussion...
Out of SPY next week calls at $1.5
Might go for a straddle on SPY options the few minutes before Bernanke speaks... haven't decided yet.
Might go for a straddle on SPY options the few minutes before Bernanke speaks... haven't decided yet.
pftq (Official) says in Stocks Daily Discussion...
Looks like my own program beat me here (it just held long this week).
Bernanke saying there's still no QE3 had almost no effect.
Markets went right back to technicals after his speech (no more pending event, for now).
Bernanke saying there's still no QE3 had almost no effect.
Markets went right back to technicals after his speech (no more pending event, for now).
wd1040 (Guest) says in Stocks Daily Discussion...
haha whatever the case, the focus is now back on europe
pftq (Official) says in Stocks Daily Discussion...
Interesting dip across the board just now, back to lower end of today's range (which is also about the entire week's range).
Picked up a few 141x SPY calls expiring today at $.25 to see if we might bounce back to the upper range again, not risking anymore than half of today's gains from selling next week's calls.
Picked up a few 141x SPY calls expiring today at $.25 to see if we might bounce back to the upper range again, not risking anymore than half of today's gains from selling next week's calls.
pftq (Official) says in Stocks Daily Discussion...
Some trendline breaks off my program today, not many but worth a watch (or trade, but watch the close first as always):
pftq (Official) says in Stocks Daily Discussion...
Ended up flipping SPY 141x calls (expiring today) from $.20-25 to $.40. Gotta love the end-of-day buying coming in. Reminded me very much of last year's volatility
Also picked up SLV Sept. 30x calls at $1.20, now at $1.30.
Also picked up SLV Sept. 30x calls at $1.20, now at $1.30.
wd1040 (Guest) says in Stocks Daily Discussion...
haha looking at silver upside too. However, gold has cleared right to the next fib today... have a short in... targeting 1660 for half the position, 1620 for the rest.
144 unique view(s)
August 30th, 2012
pftq (Official) says in Stocks Daily Discussion...
Added a few SPY Sept.7 141x calls at $1.10 on this morning's dip.
Thinking we're just boucning between lower and upper ranges of this week before Jackson tomorrow.
My ED short play from last week is also playing out finally.
Signal from last week:
Thinking we're just boucning between lower and upper ranges of this week before Jackson tomorrow.
My ED short play from last week is also playing out finally.
Signal from last week:
38 unique view(s)
August 29th, 2012
pftq (Official) says in Stocks Daily Discussion...
Just an update on what I'm watching for SPY:
pftq (Official) says in Stocks Daily Discussion...
Bah, my phone committed a market sell on my calls while I was trying to raise my limit sell. Oh well, I'm out of my SPY calls at 3.00 from 2.30.
pftq (Official) says in Stocks Daily Discussion...
EXEL bottom signal finally playing out. Price is now 4.50-60 and closed today with a bullish candle.
Quote from: pftq
Current still watching LVLT and just added EXEL to my watchlist based off my bottom indicator.