What a week!
I want to start off with thanking all of the folks that took the time to directly answer my questions regarding the volatility of this week. The list is long, but just know if that thank you applies to you, I mean it.
My account is up 208% from where it closed last Friday. 208 freaking percent…mind blowing. This is largely in part to the community here at Valhalla.
For those of you whom may be struggling, take a step back and think about what is going wrong. Ask questions, make notes, read some of the free information on the forums. The amount of good information available here is fantastic. I am new trader and if I can do it, so can you. I promise I’m not the brightest crayon in the box.
Closing out the week, my calls i held overnight were a struggle. I took around a 2k loss on the 372cs, and oddly enough the 380cs brought home a 450 gain.
After doing some late-night reading and video watching last night, I got into plays immediately at bell based on Vix, MACD, and RSI data points. We shot down right before bell, so as soon as the bell rang, I waited a few seconds for IV to kick in and I took a hefty position at 366 calls. And boy did this play pay out!!! it shot up to 369.5 and I took a solid 185% win. I couldn’t have been move excited that I took what was available here in the forums and applied it. I traded in and out the rest of the day with moderate puts and calls based on VIX movement, and other technical readings, plus call outs that were mentioned on the TF. Thank you Mayor, for the Degen play at the end of the day.
I still feel like my 100p AAPL and 200p FedEx plays are solid moves. I will look to take a position on Tuesday if we have a small rally before JPOW on Wednesday.
I have some Degen news… I took a big stance on SPY 370c JUN 24 at the very end of the day when we dropped down to 366. I know this is a terrible idea, and honestly, I almost immediately hated myself for doing it. Hopefully I can get out of this play remotely to cost on Tuesday.
At the end of the day, I can’t complain too much, my account is green which is the goal of all traders.
Cheers,
Oak
FedEx DD is here: FedEx Reversal - Research & Analysis / Earnings - Valhalla (ascendedtrading.com)