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Economy stonks v24, snakes in the ukraine

Not my best week of trading.

I finally got fed up with my enph put and sold for few hundred profit few days back. Be up thousands today.

Biggest mistake was buying a Google call option earnings play. I did it yesterday before close. I figured if tsla mooned that could trigger a counter trend up to fill the gaps on qqq....that would give me a bunch of opportunities to close the Google call before or after earnings. Well tsla earnings did crush and propel us right up to get rejected at the 50.
I sat and debated yesterday....buy the call now or wait and I made the wrong move. Most of the mistakes I've made lately are due to being impatient.
Its a 2750 call option. It could still print but it looks like we're heading to retest previous lows. If so, goog will be at 2200 by earnings times so even if they slaughter earnings i expire worthless.

Still sitting on some sqqq calls that are printing nicely but its not enough. I got caught up in the daily swings
 
We have officially hit levels lower than I foresaw for many companies. Pre pandemic levels and even 2018 for some. Netflix I think pushed us lower than we would have otherwise seen. It was that bad and shocking of a report.
 
Not my best week of trading.

I finally got fed up with my enph put and sold for few hundred profit few days back. Be up thousands today.

Biggest mistake was buying a Google call option earnings play. I did it yesterday before close. I figured if tsla mooned that could trigger a counter trend up to fill the gaps on qqq....that would give me a bunch of opportunities to close the Google call before or after earnings. Well tsla earnings did crush and propel us right up to get rejected at the 50.
I sat and debated yesterday....buy the call now or wait and I made the wrong move. Most of the mistakes I've made lately are due to being impatient.
Its a 2750 call option. It could still print but it looks like we're heading to retest previous lows. If so, goog will be at 2200 by earnings times so even if they slaughter earnings i expire worthless.

Still sitting on some sqqq calls that are printing nicely but its not enough. I got caught up in the daily swings

Made an absolute hash of my options this week. My puts I closed are now worth more than double, what a mess. My swing trades I should have closed yesterday and got butchered today too. Was sitting comfortably until today.

Seems the market is only going lower from here. Outlook looks grim, really grim. Not sure what the move is here other than cash. Might get the odd bounce.
 
Made an absolute hash of my options this week. My puts I closed are now worth more than double, what a mess. My swing trades I should have closed yesterday and got butchered today too. Was sitting comfortably until today.

Seems the market is only going lower from here. Outlook looks grim, really grim. Not sure what the move is here other than cash. Might get the odd bounce.


Crazy how the market shakes you out of your convictions. I mean I was eyeing enph like a snack for weeks and just gave up and figured I must be wrong.

Today's rejection greatly increases the odds that we take out previous lows. Im like a broken record but if goog and/or aapl disappoint next week its lights fkn out. Imagine either falling 20%...the fallout would be incredible.

Cash is a good place to be atm. Buying puts at this point is also high risk because you know this turd will rip at some point.
 
Crazy how the market shakes you out of your convictions. I mean I was eyeing enph like a snack for weeks and just gave up and figured I must be wrong.

Today's rejection greatly increases the odds that we take out previous lows. Im like a broken record but if goog and/or aapl disappoint next week its lights fkn out. Imagine either falling 20%...the fallout would be incredible.

Cash is a good place to be atm. Buying puts at this point is also high risk because you know this turd will rip at some point.

I was heavy puts on $OPEN after it had been ripping last week and was sure it would come back to reality. It ripped again the beginning of the week so I closed but I was so sure it would tank and it has been hammered now.

I am pretty well hedged atm in inflation proof stocks but today has me shook big time. I know if I sell out now market will rip, and heck buying puts now after the sell off has been pretty violent for a lot of stocks.
 
We have officially hit levels lower than I foresaw for many companies. Pre pandemic levels and even 2018 for some. Netflix I think pushed us lower than we would have otherwise seen. It was that bad and shocking of a report.

Netflix has really spooked the market but I don't get why other stocks are getting pummelled. Subscription services will be the first thing households cut to save a buck so this was not surprising. At least Tesla gave a little hope. Not sure where we go from here. Stocks already massacred yet they continue to sink.
 
Netflix has really spooked the market but I don't get why other stocks are getting pummelled. Subscription services will be the first thing households cut to save a buck so this was not surprising. At least Tesla gave a little hope. Not sure where we go from here. Stocks already massacred yet they continue to sink.

I think we continue to see the bleeding through the next few weeks of earnings season at which point it will start to level out. I think you can't time things perfectly and now is a fine time to be buying good companies.
 
We have officially hit levels lower than I foresaw for many companies. Pre pandemic levels and even 2018 for some. Netflix I think pushed us lower than we would have otherwise seen. It was that bad and shocking of a report.


Shit is nutty. I think PayPal is almost as low as it was during the covid crash....like at the bottom.

Thing is we were overdue for a huge correction before covid it...then we had QE infinity and it brought us to stupid levels.
 
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Market is trash. Poor earnings from the big boys will send this market into the gutter.
 
Pushing -20% YTD now. It's taking a beating.

Just bought some (GOOGL) at $2,390.

I closed my Google call early this morning and bought 4 shares at same price as you.

Gotta be honest...the fkn charts look terrible for Google. 2390 has lower trendline support but we also cut right through the February lows no problem and we're definitely in a downtrend.
Same thing with Microsoft....if we're just going by the charts Microsoft and Google should just be shorted to fuck.

That said, its Google and I've wanted a good entry for years....I don't necessarily see Netflix problems impacting Google.
 
I've never paid attention to technical analysis.

Way I see it, Google is so ubiquitous it's become a verb. You want to find something what do you do? "Google it!"

And Microsoft is about as close to a buy and hold and sleep easy forever stock as you're going to find.
 
I've never paid attention to technical analysis.

Way I see it, Google is so ubiquitous it's become a verb. You want to find something what do you do? "Google it!"

And Microsoft is about as close to a buy and hold and sleep easy forever stock as you're going to find.

<Fedor23>

goog might not be too bad, but msft seems way overpriced right now.

when goog's peg is ~1.1 and amd's is 0.8 and etc, msft being 2.3 seems paint-eating retarded.
 
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