Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Starting a new long position in HD, 25 shares at $274.52. I think the stay at home mindset is going to be around for a while, and people will keep spending their "night out" and "vacation" money on home improvements. Given their recent numbers, I was surprised that HD was only trading at a 23 PE, and I like their yield and dividend growth numbers. I also like their recent move to spend $1 billion on employee wage increases - more companies need to pick up on that idea. This will be a long term hold, and will add on any weakness until it's a full position.
This is the time to short SDOW, not buy it lol. A stop if it goes above today's intraday high, less than 3% risk. I'm not doing it though, just saying if I had to trade SDOW, this would be my trade. If you buy it, you should sell if it does not close above 13.75.
I respect your opinion but no offense this is what you said the last couple times I bought SDOW as well. I gained 10% and 7% on those two trades.
I respect your opinion but no offense this is what you said the last couple times I bought SDOW as well. I gained 10% and 7% on those two trades.
Yeah these aren't trades I wouldn't make either way, but I'm saying this is what I would do if I was forced to choose. It's just probabilities, but even if there was a 55% chance a breakdown will result in a lower move, there is still 45% chance it won't happen (the percentage being just an example, not literally 55/45).
It may be a little late in the game but put XPEV on your watchlist. That stock started selling in August and closed yesterday in the $70's. It passed over NIO and I was shocked and kicking myself that I didn't buy in back when it opened. Maybe I'm a bit too cautious with Chinese stocks. I had NIO but sold after a nice little profit. I didn't like the debt they carry and continue to carry. I see a big dilution coming on that one.
Thanks for the recommendation! And taking profits is always a good thing, which is what I may end up doing here very soon on some of these high flyers.
Yeah these aren't trades I wouldn't make either way, but I'm saying this is what I would do if I was forced to choose. It's just probabilities, but even if there was a 55% chance a breakdown will result in a lower move, there is still 45% chance it won't happen (the percentage being just an example, not literally 55/45).
You can’t trade SDOW like you do with your other trades. A 3x leveraged short etf is a different animal altogether and I don’t trade it based on momentum. I trade it when it’s been beaten down over a short timeframe. Indices don’t run up endlessly, eventually they pull back from out of the skies.
Well since I sold my 800 AAL, it's time to put some of that to work.
Buying 1500 RIG at market open today.
Just sold all 1500 of them at $2.08 for a nice profit of about $950.
Not going to get greedy on this one. RIG was up to $2.60+ earlier in the day before dropping back.
Bought another 290 @ $13.65. Total 2100 @ $13.766 average. Going to hold here and hope DJI $30k holds. SL @ $13.40.
Bought more SDOW after hours. Now holding 2735 shares @ $13.70 average. Might average down again tomorrow if it falls further. It’s ~10% of my portfolio now.
Bought more SDOW after hours. Now holding 2735 shares @ $13.70 average. Might average down again tomorrow if it falls further. It’s ~10% of my portfolio now.
Does that mean you are going to cancel your 13.40 stop-loss and let it drop further?
Does that mean you are going to cancel your 13.40 stop-loss and let it drop further?
Stop loss I set this morning was for today. I’m currently at a half position with SDOW. I’m willing to go up to 20% of my portfolio to establish a full position as a hedge against my equity holdings. If DJIA jumps another 1%+ tomorrow (SDOW < $13.20), I will sell my remaining shares in JPM and average down SDOW to the mid $13s as a full position. Then I’d reestablish a new stop loss somewhere in the $12.70-12.80 range. But too early for any of that until I see how tomorrow morning plays. AMZN remains my largest holding at ~30% of my portfolio at the moment.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Maybe I'm a bit too cautious with Chinese stocks. I had NIO but sold after a nice little profit. I didn't like the debt they carry and continue to carry. I see a big dilution coming on that one. 
