GrowleyMonster's Sorta Journal

Let JNJ hit about $129.60 today on a spike and jump in short with about 200 shares Growley. ;)
Sit on it a few days.
Edit:.. aah forget that. I forgot it's on the Dow. Let it get up to about 131.50.
 
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I will take a look. Thanks.

Up $290 so far, LUV and TQQQ.

Ah. Too bad I didn't check the thread earlier I would have tried the short on JNJ. Woulda been good for a buck a share. What happened... product recall? Lawsuit? Earnings?
 
finished +$177 at the closing bell. Holding some stuff overnight again, but it's all stuff I would be okay with holding for several days. Maybe we will get a nice rally tomorrow, huh?

Darn. Took a long position on JNJ earlier in the day after missing the short opportunity, got stopped out for a small gain, and ignored it. Looks like I should have bought back in.

Well, I live to trade another day.
 
GrowleyMonster said:
I will take a look. Thanks.

Up $290 so far, LUV and TQQQ.

Ah. Too bad I didn't check the thread earlier I would have tried the short on JNJ. Woulda been good for a buck a share. What happened... product recall? Lawsuit? Earnings?
More...
JNJ will continue to creep up, fall back, flatline. It'll ride the Dow's tide for a bit, but here's the thing though... the bad news will hit... and it'll hit after-hours. Make no mistake about it, there will be more bad news forthcoming. CA will announce some crazy class-action for 500 Billion. Not million. Billion. Or something ridiculous like that. There's no upside to this stock whatsoever and every PM knows it. If it gets near $131-$133... I think you can short at will and sleep well at night. Don't trade it... just wait to establish a small core short position, do 200 shares, and check back in 4 months. This lawsuit thing is far from over.
 
Ah. Okay I thought the small judgement (relatively small, compared to what was sought) was seen as a victory for JNJ and it was coming back up. Okay I will watch for it to hit a recent high (your $131-$133 looks good to me) and then short a piece of it. I think you are right, and the risk/reward looks pretty good. Could go up a couple bucks more. Could drop $30. Without researching, I am arbitrarily calling it 15:1.

GF is happy cause LUV is back where it was before the Great Trump Short. I think she is only holding LUV and one of the Shell stocks, cause she works for Shell and gets a few gimme shares and options every year.
 
Up $1509 in the premarket. Sold 400 sh TQQQ, now holding 200sh TQQQ and 100sh TNA, and I was going to sell all but decided to hold some, with a trailing stop while I investigate other things.

Nah. Bought back 200sh TQQQ with a trailing stop, so holding 400. Looks like today might be a pretty good day, though TVIX is quivering up a bit. Profit target? The MOON, Baby!
 
Finished +$1200 at the bell. Holding some stuff overnight. Live to trade another day. Trying to focus on making good trades every day instead of just on getting my account back up over $50k. That is gonna happen in its own good time, whether by $100 sessions or $1k sessions. Tomorrow I won't be doing much trading. I need to do some more work on my Python, and do some experimenting with different order types and triggers in a paper trading session.

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Growley,
You're holding 600 Ultra Q's overnight!?
Man tell me to shut up at any time here... but that is freaking nuts in a $43K account.
Its Russian Roulette man. Its sex without a condom... its.... riding a crotch rocket at 110 MPH down I-10 during rush hour. Without a helmet. I don't know any boating analogies for ya... but man you are playing with fire.
jmho

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