- President Trump news from NATO paying more to defense reduced trade issues and drove everything up. Amazon opened above it's all time high and ran further along with other FANG except Netflix which got a downgrade. Credit card companies ran along with defense stocks. Retail stocks were down for the most part.
- Facebook and Microsoft moved to new highs, but if you follow me you know I enjoy trading options on Alphabet (GOOGL) and it ran and ran today. The one minute chart indicated that it was going higher, but everything else indicated that FANG was over bought. I waited for a turn down and never got it but I did take advantage of what upside was left since I got in so late. I was very leery and took profits and as soon as I saw it was going higher I bought back in.
- I am expecting more upside on Friday but will be ready to sell to take profit as soon as I see it turn down. When you have lost money waiting on it to continue in your direction you will take profits and buy back in. Don't fall in love with this style as this happens about once every other week. You just want to make sure you are on the right side.
Thursday, July 12, 2018
FANG Goes Bang and Boom
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Profits Only, Please!!!
I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo...
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I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo... -
I would like to own the job title of day trader. To be a successful day trader, you must focus on keeping your losses small and letting you...
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I typically narow in on one or two stocks daily to profit from options. I feel it is best to know a stock so good that you recognize patter...
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