My trades

I'm jumping back into the market today. Grabbed NFLX Jul wk1 $410 calls right here at avg $4.16 cost with comm. I'm also looking to get into TSLA calls ahead of July. Added more nflx with the avg price down to $3.77.

Also added TSLA Jul 360 calls right here.
 
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OI, I believe your timing is good today.
My math based systems, which are approximately 70% accurate, are screaming "calls" today and if you look at the chart below,
after 10 days of decline under its 5 day moving average Micro Trend (same as 400ma, 5 minute candles), today the SP500 has broke out above its declining micro trend line
(hopefully and more importantly it will close today above the 5dma micro trend).
sc
ut above
 
jeffalvinson said:
OI, I believe your timing is good today.
My math based systems, which are approximately 70% accurate, are screaming "calls" today and if you look at the chart below,
after 10 days of decline under its 5 day moving average Micro Trend (same as 400ma, 5 minute candles), today the SP500 has broke out above its declining micro trend line
(hopefully and more importantly it will close today above the 5dma micro trend).
More...

Yep, I watched your charts. That support at the 50-day held (not sure if it's short term or a set up for a break out move above 2780-2800), and I want to dip into the market on this bounce. By next Friday we'll know the strength of this rebound.
 
Rusty seems to be an understatement. I thought Trump was done adding more news into the market and would allow the market to adjust to his new policies. He added more fuel this weekend, and created more chaos. I took the chance this morning to close out the entire NFLX position for losses (they all went below my stop loss at -50%). As for TSLA, I thought I might nail this momentum move. I added another tsla jul 360 call this morning. I'm playing the "cut your losses and add to winners" theme.
 
Adding NVDA Jul wk1 240 calls here at avg 3.23. Failed with the NFLX position, we'll see if NVDA can push me back into green for this quarter. I took a total -1379 loss on the NFLX position.
 
TSLA options hit my stop, but instead of exiting, I added more to my position. Did the same to NVDA 240 calls too. I've got 4500 in TSLA calls and about 1300 in NVDA calls so it's not too big, but with a starting capital of $18K, I'm reaching it here.
 
The SP500 still hasn't had a "closing day" above its overhead declining 400ma (purple line) micro trend on 5 minute candles for over 2 weeks. Its been a slow grind down.
7_2_18.png



__________________________________________________________________________
Using daily candles, it still appears there is a 50/50 chance the SP500 will re-test its 200dma,
at 2670.
sc
 
jeffalvinson said:
The SP500 still hasn't had a "closing day" above its overhead declining 400ma (purple line) micro trend on 5 minute candles for over 2 weeks. Its been a slow grind down.

__________________________________________________________________________
Using daily candles, it still appears there is a 50/50 chance the SP500 will re-test its 200dma,
at 2670.
More...

Yes, I initially thought the SP500 was going to test its 200-day ma, but the open on Friday with volume elevated all day on the large caps I watched changed my view. I started looking at Friday's trade as the start of a bounce, and then we get to Friday's closing where the SP500 and DOW just dropped like a fly in the last 30 mins or so. We'll see how today ends.

Truetype, I definitely misunderstood the stop on TSLA lol. I allowed NFLX to get stopped out, but as TSLA approached my stop at $7.50, I reviewed the daily chart along with how the market was trading. It felt like the market might finish in the green and if it turns out to be a bullish reversal, then doubling up from 2 calls to 4 calls might allow me to limit my loss. Just from the initial position leading up to where my stop was at, I was looking at -1500. After adding 2 more calls below $7.00, my avg entry has come down to about $11.20 and my loss is now only at -1640. I've updated my stop to about $5.50. That's where I'll probably let the stop trigger an order.
 
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