Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Sold QID July18 $60 call option @ 3.75 - this offsets the $59 call that I bought and gives me a guaranteed minimum +0.90 profit even if the market takes off again. If the market continues it's downswing then I'll get another +1.00. I still have VXX as well. It's hedging a hedge really, makes no logical sense but I often like to offset trades that are well in the money, it's a psychological thing I guess, I like to know that I win no matter what the market does.
Traded NUS multiple times, got sucked into this thing after huge price gap open, I foolishly traded this despite it's ridiculous bid-ask spread, lesson here is stay away from wide spreads, I got beat up pretty badly. Average buy was 92.55 and average sell was 91.26 , result -1.29
March 25
Shorted CELG @ 143.21 - it's below all the big MAs and couldn't hold the morning's rebound
Shorted LNKD @ 185.00 - well below all the big MAs, stochastics still have a ways to go, broke Feb.18 low
Shorted SINA @ 62.57 - well below all the big MAs, stochastics still have a ways to go, broke Feb.2 low
SOld AAPL @ 537.73 . Its volatility has been subdued and I still expect a big move soon as markets usually toggle between big moves and small moves, but I have noted how AAPL has acted during upswings intraday on Nasdaq, it's relatively weak, better get out before my original short proves to be right.
It has a stochastics crossover from oversold, and it is trading above its 200 MAs, on the other hand it has already met its old february lows and this could hold it down for a while, let's see.