Contrarian/ Buying the lows

padutrader · Jun 3, 2019

murray t turtle said:
Long story short,

are you telling him to short

arturo100 · Jun 4, 2019

Wow! My contrarian strategy is really starting to pay big dividends. Just sold @2.5 the DKS Call 34 I bought @1.05 last wednesday, when the stock dropped 10%. Besides that, except CTRP and YEFT, I am definitely plus on all the other lows I bought, i.e., K, DOCU and CNC.
I am looking for some more contrarian action. Anyone wishing to collaborate is more than wellcome!

murray t turtle · Jun 4, 2019

padutrader said:
are you telling him to short

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NO; but the main trend in QQQ/200dma+ lots of tech is short/down .And him ''killing himself '' was a figure of speech i hope-in 1929 it was literal :caution:

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arturo100 · Jun 4, 2019

arturo100 said:
Wow! My contrarian strategy is really starting to pay big dividends. Just sold @2.5 the DKS Call 34 I bought @1.05 last wednesday, when the stock dropped 10%. Besides that, except CTRP and YEFT, I am definitely plus on all the other lows I bought, i.e., K, DOCU and CNC.
I am looking for some more contrarian action. Anyone wishing to collaborate is more than wellcome!

Hedged the long positions, by shorting the today TLRY high, i.e., bought P35 @1.72, June 21. A bit pricey, but I'll sleep better!

murray t turtle · Jun 4, 2019

smallfil said:
We as traders are our own worst enemies. Fighting the trend means you are lined up against the big hedge funds and pension funds. Who is going to win out? You the retail trader trading against the trend or the hedge funds with their huge capital shorting the stockmarket?

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I though about buying AMD; except weak market, weak QQQ, weak sector, weak summer rally no dividend singel stock risk, in summer rally. Other than ALL that= tech looks fine LOL

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arturo100 · Jun 4, 2019

arturo100 said:
Hedged the long positions, by shorting the today TLRY high, i.e., bought P35 @1.72, June 21. A bit pricey, but I'll sleep better!

Shorted even MU, 2 put34 @ 1.1, same expiration day

arturo100 · Jun 5, 2019

Sold @2.63 Call 52.5 on K: +260%. Still keeping calls on DOCU, CND and CTRP. I am relying on short positions on MU and TLRY to ride today possible fall.
Anyway, I am looking for some contrarian action. Is there any knife falling around ?

arturo100 · Jun 5, 2019

arturo100 said:
Shorted even MU, 2 put34 @ 1.1, same expiration day

Closed the contrarian short on MU @1.62: +45%. No bad for a ON job.

arturo100 · Jun 5, 2019

Started contrarian play against OKTA, 1 Put 113, June 21 @2.1. Closed the contrarian on TLRY @2.05: +13%. I didn't make much, but pehraps I entered too high.
Edit: Bought 2 Contrarian PUT 62.5 on EIX @1.05

murray t turtle · Jun 6, 2019

arturo100 said:
Closed the contrarian short on MU @1.62: +45%. No bad for a ON job.

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I like to sell gaps, when almost everything is in favor of it.Even more so if i was already in it;
but with a stock +sector as weak as that; looks more like a downtrend/downtrends than a contrary play............................................................................................