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You know, I kept waiting for financials to come around because interest rates have held steadily higher, but there's just no bid on this sector. You can basically draw a channel between 26.6-28.3 and buy or sell on a break out from that channel. I'd say that 200-day ma might even give you a head...

LOL, I'm with you on the bargains. In fact, that was me years ago trying to pick the bottom off everything. The thing is this bull market has made it easier to pick break outs, so I'll take what the market gives. We're all pilot fishes in this ocean. On a home run note, I've collected a bit of...

Sure does look like it broke down from 2800. The next step is to see if it marks a higher low and keeps this trend of higher highs and higher lows going. There were just too many events going on this weekend to keep the market quiet. I watched my account seesaw all week. Started down Monday, up...

I know TSLA is getting a lot bashing over at the TSLA thread, but I thought I felt this momentum coming. I just screwed up and misplayed the TSLA home run trade. I should have gone out an extra week to see how this momentum plays out. It looks like those 350 calls expiring tomorrow were trading...

Not yet NFLX. I believe NFLX can hit $400. I did close out DOCU Jun 60 calls thought with entry at 1.41 and exit at 5.07 including comm. The actual gain only came out to +259%, so not quite the homerun trades I'm looking for considering I took -100% losses on TSLA 330 calls and FIVE 105 calls...

I grabbed nflx Jun 15 $400 calls at 0.75 to test out these momentum moves in the higher beta stocks for home run trades. Like I said, I've been aiming too conservatively and looking at home runs in slower stocks. We'll see how this plays out in 2 days. I also like GS here on a possible home run...

That first chart is playing out as a nice reverse head and shoulder. Took me a couple of minutes to figure out the name of that pattern. I was looking for a break out of the pattern later this week, but looks like TTWO jumped ahead and decided to take out $118 today, and with volume at 150% of...

That's true jeff, I did shorten up my trades from over a week to about 1-3 days max during that period. The breakout still ran, but momentum ended much sooner and when momentum ended the stock reversed much quicker. Right now, we're in a rally mode, so even though the momentum rally has ended...

At this point, cnbc should change FANG stocks to FLANG stocks lol...

The tech sector is leading again. I see new highs on NFLX, LULU is about to hit record levels, and looks like NVDA isn't far behind. AAPL is holding at $192, and that should lead those shares higher soon. I still have that $1T target on AAPL. I feel like momentum will push AAPL right to $1T...

Darvas' method was simple. Buy high and sell higher, along with volume confirmation. Every trade he mentioned, he also talked about how volume was highest just before he bought it. The turtles were more technical in terms of entry point though. There will be pullbacks, but I've adjusted to it...

Exactly, still I'm surprised I didn't read a lot more of buy high and sell higher comments on a lot of the threads on ET. They seem to be buy low and sell high methods only. For today, I've jumped onto ADBE Jun 260 calls. This is well ahead of its earning report on Thursday, I've had some nice...

It depends on the pattern. If the base was a shallow base that took 6-8 weeks, then I'll go with about 1 month out on options. I'll look for 3-4 weeks of strong momentum before the stock fades. If the base was a bit deeper (I'd consider -15% or more to be deep) and took longer (more than 9...

I had to go back and double check, but the target from that triangle breakout a couple of weeks ago should put the SP500 at 2950-3000. That's still about 10% above, but it is possible. I've noticed that the corrections since the April lows have narrowed. That first consolidation on the SP500...

It's mainly ATM/OTM options. If I go out of the money options, I try to stay within 2-3% of the underlying stock price. I usually wait for a breakout in high volume if I don't know the stock's pattern well. Otherwise, I'll jump ahead from time to time if I know the underlying stock well. Ex. my...

Yea, I wanted to feel how the options played out on the day of expiration. I've added the DOCU and THO jun 15 calls to feel how these options play out in 1 week given their recent events (earning reports). I want to see how these momentum runs affect the OTM options, because I usually by atm or...

In 2 sentences: buy high and sell higher. Adapt to the market. That's what I've been using over and over. I'm not looking for some big reversals, instead I look for break outs from a base. As for adapting to the market, if my research says the stock should fall, but it continues to rally, then...

Thanks, I am looking at it differently now that you mentioned it that way. I was initially looking to grab very short term options priced under 1.50, preferrably under $1 and trying to catch a quick momentum run in the stock to ride the wave higher. Just looking back at the TSLA trade, I'm going...

I failed miserably testing out tiny positions in home run trade situations. Bought FIVE Jun 8 $105 calls and TSLA Jun 8 $330 calls that expired worthless. Overall, I also closed out 3/4 my PVH Jun 160 calls for a total net gain this week of +1724. With the wild swing in techs, I got to see it...

I'm looking for 1000% to be considered home run trades. I feel like it needs to be closer to 1000% to be considered a home run. There was a thread on here talking about home runs and I used to try and trade these home runs too. But this market doesn't look good at all here. I know the DOW...