$.IXIC.US$ it's a very positive sign what I'm witnessing rig...
$.IXIC.US$ it's a very positive sign what I'm witnessing right now. yesterday after the Bell supermicro came out with earnings initially it shot up well over $100 and then very quickly reverse down 86 after people came to realization that they missed earnings and they had supply chain issues. that took all of the chip stocks from Nvidia to the lev ETF soxl down a dollar and a half after hours trading.. and it looked like we were going to resume a downward trend based off of supermicro. additionally more negative news to the economy showed Airbnb disappointed in their earnings. people are waiting longer to book which indicates it tends to be more of a last-minute thing because they know people will drop prices rather than leave a house vacant. this is further proof that the economy is slowing so all of the conditions that created the sell-off they're still there we have uncertainty in the White House who's going to be the president we still have the uncertainty over what's going to happen with Iran Israel, we have a slowing economy you cannot deny that from McDonald's to Domino's Pizza the largest retailers are all saying consumers are not spending as much.. and then we have the currency trade that according to some is still unwinding I have no idea I knew nothing about this as well not one person on TV that proclaims to be an expert now in this unwinding that created this massive sell-off Monday, their abundantly clueless they didn't know about it they're not experts they're just talking bobbleheads is all they are. all that being said the chips are rallying again. tech stocks are rallying. as a basket they were marked down more than any other sector they rallied more they got marked down. I sold puts yesterday below the market at different stages rather than try to buy an anticipation well there might be a profit taking. based off of economic data today tomorrow or Friday. and that's what I would encourage others to do if you're comfortable selling puts you'll collect a premium it's pretty much a limit order below the market and you pick your price and if it falls on expiration you're getting put so you need cash there to cover when the option is exercised. alternatively we will have at some point profit taking it's going to happen and it'll be a real quick rug pull I don't know when we could go up 5% here 10% from here and then only come down a few percent but it's definitely going to happen so if you're going to enter this morning. it may not be a bad idea to sell some calls for a Friday expiration 5% 10% higher than the market you're not going to collect a big premium but it will lower your cost basis in the event that we get some type of a sell-off. that's my plans for today my coffee's ready I shall return but that's my two cents for this morning
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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151323992 : Thankyou for this logical down to earth comment. In a super nice way I gathered that one shall buy the next dip and hold without fear of a few % drop
10baggerbamm OP 151323992 : I think you can gradually reposition but take your dollar amount whether it's $1,000 or $100,000 or a million and divided up don't go all in even though it may trend higher and you kick yourself and you feel compelled to go all in and buy because there will be profit taking and I don't know when that will be and nobody on TV knows where it will be there's no experts that no because there's no Crystal Ball but rest assured it's going to happen so you need to keep your powder dry some of it and you will feel much better psychologically knowing that you have a piece of the trade if it turns higher but if it does come down as a basket or another company you're interested in you have additional money to deploy and invest. read what I posted recently a few minutes ago about amdl. this is an example of a strategy where you can take advantage of an enormous call premium to lower your cost basis in a company that has already dodged every bullet you're through earnings that offers enormous upside from a tech perspective and a chip sector even if Nvidia does come out at the end of this month and say yeah you know what it's a 2 month delay but we're able to sell her in 100 and will be releasing by February of this year as opposed to December our Blackwell chip.. Nvidia will get hammered AMD may come down a bit but that should be used as a buying opportunity not panic and liquidation because again AMD has announced earnings beat the Street revenue earnings and guided higher that's what you want in volatility you want confirmation that they have hit their goals and they're raising the bar.
151323992 : Thanks for the reassurance and real life opinion
104983812 : thank bros u are the best I am keep buying the dips