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Forum ยป Stock Market just keeps flying
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Thread: Stock Market just keeps flying

post 1697327453 02-02-2024, 01:45 PM
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Stock Market just keeps flying

What a time to be alive







As long as my NVDA calls keep printing, I might just have to vote for sleepy in 2024 JoeBiddenIdidthat.gif



INB4 broke rednecks
post 1697327523 02-02-2024, 01:47 PM
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Thanks Trump!!!
post 1697328383 02-02-2024, 02:05 PM
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No one else making money? Is the misc just a bunch of brokies?
post 1697329603 02-02-2024, 02:26 PM
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I started buying puts on the SPY last Friday when the market was at 4900, I was going to hit a second round of them the 2 days before the fed meeting but the market didn't hit my 1st upper price target of 493, I'm going to enter a second round of puts next week when the market hits my next price target(I'm not telling) and that should be the peak.
I: Self, Lord and Master.

"I rub my hands when my palms itch."

"I call you Son not because you Shine but because you Mine."
post 1697329703 02-02-2024, 02:29 PM
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Originally Posted By Abzu⏩
I started buying puts on the SPY last Friday when the market was at 4900, I was going to hit a second round of them the 2 days before the fed meeting but the market didn't hit my 1st upper price target of 493, I'm going to enter a second round of puts next week when the market hits my next price target(I'm not telling) and that should be the peak.
In before SPY 6000
post 1697330343 02-02-2024, 02:39 PM
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Originally Posted By dmaaack⏩
In before SPY 6000
It appears that way lol but...







GL but even if it goes higher than my second target, I have dry powder and I'm at the ready lol.
I: Self, Lord and Master.

"I rub my hands when my palms itch."

"I call you Son not because you Shine but because you Mine."
post 1697330433 02-02-2024, 02:41 PM
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Originally Posted By tendies⏩
No one else making money? Is the misc just a bunch of brokies?
i put all my money in microsoft and apple

safety first!
post 1697330493 02-02-2024, 02:42 PM
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Originally Posted By SmokesLetsGo⏩
i put all my money in microsoft and apple

safety first!
Lol.
I: Self, Lord and Master.

"I rub my hands when my palms itch."

"I call you Son not because you Shine but because you Mine."
post 1697749403 02-12-2024, 09:03 AM
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Originally Posted By Abzu⏩
I started buying puts on the SPY last Friday when the market was at 4900, I was going to hit a second round of them the 2 days before the fed meeting but the market didn't hit my 1st upper price target of 493, I'm going to enter a second round of puts next week when the market hits my next price target(I'm not telling) and that should be the peak.




I bought another round of puts on the SPY on Friday when the market hit ~501, if CPI does not move this market down on Tuesday then I'll be buying another round on Tuesday at my next upper price target, in either case, I think we are close to a downturn.



I: Self, Lord and Master.

"I rub my hands when my palms itch."

"I call you Son not because you Shine but because you Mine."
post 1697749463 02-12-2024, 09:04 AM
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Originally Posted By Abzu⏩




I bought another round of puts on the SPY on Friday when the market hit ~501, if CPI does not move this market down on Tuesday then I'll be buying another round on Tuesday at my next upper price target, in either case, I think we are close to a downturn.



why not just buy calls and puts bro
post 1697749553 02-12-2024, 09:05 AM
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Yea.......I've got a couple of my "long term" investments that are up 15%, 18%, 20% and I know they ain't gonna hold that.......wondering if I lock in profits and buy back when they settle back down a bit.

Or (most likely what I'll do).....keep holding and just buy more when they come back down to earth.
post 1697749573 02-12-2024, 09:06 AM
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Originally Posted By mikebadg3⏩
why not just buy calls and puts bro
I bought puts on the spy with long dated expiration and calls on stuff like NVDA with a shorter dated expiration.
I: Self, Lord and Master.

"I rub my hands when my palms itch."

"I call you Son not because you Shine but because you Mine."
post 1697749583 02-12-2024, 09:06 AM
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Originally Posted By bsmit107⏩
Yea.......I've got a couple of my "long term" investments that are up 15%, 18%, 20% and I know they ain't gonna hold that.......wondering if I lock in profits and buy back when they settle back down a bit.

Or (most likely what I'll do).....keep holding and just buy more when they come back down to earth.
Economists are now predicting a soft landing. So probably time to sell on the news.
post 1697749883 02-12-2024, 09:11 AM
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Originally Posted By Abzu⏩
I bought puts on the spy with long dated expiration and calls on stuff like NVDA with a shorter dated expiration.
is that a condor
post 1697750003 02-12-2024, 09:12 AM
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Yup yup. Friday last week was a +$1k day to the portfolio. Today's already a +$1k day again. Tech stocks are pumping.
post 1697750653 02-12-2024, 09:22 AM
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It's crashing in 2 weeks.
post 1697751763 02-12-2024, 09:44 AM
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Some one make it fkin stop (ded fkin srs).
post 1697751943 02-12-2024, 09:47 AM
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Smells fishy
**Florida Crew**
**Waiting for National Guard Bus Ride to Labor Camp Crew**
post 1697752123 02-12-2024, 09:51 AM
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I've doubled up on nvda calls (now worth 26k)
post 1697752263 02-12-2024, 09:54 AM
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Originally Posted By tendies⏩
No one else making money? Is the misc just a bunch of brokies?
The first million took me over 30 years (from birth).
The second took less than 3.
The most recent million took less than 3 months.

Starting to feel a bit frothy/unreal but price represents the net aggregate opinion of all market participants across all timeframes, so until something changes I'm content to ride this.
post 1697752323 02-12-2024, 09:55 AM
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Originally Posted By mikebadg3⏩
is that a condor
A condor would typically involve put and call spreads in the same underlying.
post 1697752363 02-12-2024, 09:56 AM
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Originally Posted By mikebadg3⏩
is that a condor
straddle (or a strangle if the strikes are different). Condor is buying 2 calls (or puts) and selling 2 calls (or puts), all with different strike prices.
"Bones heal, pain is temporary, and chicks dig scars" - Evel Knievel
post 1697752503 02-12-2024, 09:59 AM
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Stocks aren't going up, they're going down.

The value of the dollar is going down faster, though.

And that's what you're seeing.
post 1697752593 02-12-2024, 10:00 AM
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Originally Posted By Abzu⏩
I started buying puts on the SPY last Friday when the market was at 4900, I was going to hit a second round of them the 2 days before the fed meeting but the market didn't hit my 1st upper price target of 493, I'm going to enter a second round of puts next week when the market hits my next price target(I'm not telling) and that should be the peak.
Oh damn bro, we were all just frothing at the mouth to follow your stock tip
Originally Posted By stevebec⏩
straddle (or a strangle if the strikes are different). Condor is buying 2 calls (or puts) and selling 2 calls (or puts), all with different strike prices.
What you described could be a call or put butterfly or some nonsense spread...

I have some double calendars this week expiring Wednesday and Thursday. Up over 10% for now.

BTO SPX Feb14/16 4990/5075 double calendar @ $8.75
6'7" 240lb
260/375/460
Man cannot remake himself without suffering, for he is both the marble and the sculptor.
post 1697752623 02-12-2024, 10:01 AM
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But what about recession, what about everyone struggling and layoffs and such

Seems things are just fine with rates at their current levels
post 1697752753 02-12-2024, 10:05 AM
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Originally Posted By Destor⏩
But what about recession, what about everyone struggling and layoffs and such

Seems things are just fine with rates at their current levels
Ignore the headlines. Ignore the news. Ignore the noise. Most especially, ignore the "experts."

Focus on what the market is actually doing. Not what you hope or wish it would do but what is happening in front of you. There is a lot of opportunity to make money in rising, falling, and flat markets - you just need to put your ego aside. Most people are unable to do so.
post 1697752873 02-12-2024, 10:08 AM
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Originally Posted By mikebadg3⏩
is that a condor
That's an eagle.
I: Self, Lord and Master.

"I rub my hands when my palms itch."

"I call you Son not because you Shine but because you Mine."
post 1697753303 02-12-2024, 10:16 AM
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Originally Posted By Redundanteater⏩
Ignore the headlines. Ignore the news. Ignore the noise. Most especially, ignore the "experts."

Focus on what the market is actually doing. Not what you hope or wish it would do but what is happening in front of you. There is a lot of opportunity to make money in rising, falling, and flat markets - you just need to put your ego aside. Most people are unable to do so.
Yeh this is my performance against the indices since 2019

Spoiler!


So far everything seems to suggest people should probably buckle in and prepare for rates staying higher for a lot longer than is generally believed/hoped
post 1697754373 02-12-2024, 10:38 AM
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Originally Posted By Destor⏩
Yeh this is my performance against the indices since 2019

Spoiler!


So far everything seems to suggest people should probably buckle in and prepare for rates staying higher for a lot longer than is generally believed/hoped
Looks like you're doing well. RBC Direct Investing? You must not be too active (which is generally a better approach anyway). Good on you for not following the crowd!

I have also outperformed the broad market over time. I do not make any prediction about the near term. It is impossible for literal PhD rocket scientists with supercomputers (other than Jim Simons). I am extremely confident I will be substantially wealthier 10, 20, and 30 years from now.
post 1697754693 02-12-2024, 10:47 AM
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Originally Posted By Redundanteater⏩
Looks like you're doing well. RBC Direct Investing? You must not be too active (which is generally a better approach anyway). Good on you for not following the crowd!

I have also outperformed the broad market over time. I do not make any prediction about the near term. It is impossible for literal PhD rocket scientists with supercomputers (other than Jim Simons). I am extremely confident I will be substantially wealthier 10, 20, and 30 years from now.
Yup exactly RBC, I've made probably less than 30 transactions total lol just started buying when the market crashed in 2019-2020 and have been sitting on it aside from clearing out the blue-line account for a down payment on a new house last year

Good stuff brah godspeed
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