All things STOCKS

[Thunder Good-Oil]

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[Thunder Good-Oil]

Not a good day for the defense industry stocks. They must be frightened of Elon and Vivek.

 

[Thunder Good-Oil]

Palantir (PLTR) isn’t getting dragged down with the rest of the defense industry. But they use AI and create efficiencies - not your daddy’s defense company.

 

[Thunder Good-Oil]

I hate being short in the money covered calls. I expect to lose shares at any moment.

 

[Thunder Good-Oil]

I also get triggered on days like today. Up significantly in the first hour of the trading day and have given more than 90% back. It might end up closing as a down day after starting way, way up. A lot of times it’s a complete reversal. Start 0.75% or 1% up and closing 0.75% or 1% down. I should go rake leaves instead of watching.

 

[Jax_Vol]

I also get triggered on days like today. Up significantly in the first hour of the trading day and have given more than 90% back. It might end up closing as a down day after starting way, way up. A lot of times it’s a complete reversal. Start 0.75% or 1% up and closing 0.75% or 1% down. I should go rake leaves instead of watching.

Yes, I had to get away from that style of trading. felt useless at end of the day

 

[Thunder Good-Oil]

Yes, I had to get away from that style of trading. felt useless at end of the day

I’m monitoring rather than trading. My options activity isn’t material. More for ***** and giggles with a slight addition to total returns.

 

[Thunder Good-Oil]

Well, I’m back to only being off 50% of my early gains after giving back more than 90% less than 30 minutes ago. I think most are getting positioned before the holiday and will shut it down for the week pretty soon. Except for the trading bots.

 

[Jax_Vol]

I’m monitoring rather than trading. My options activity isn’t material. More for ***** and giggles with a slight addition to total returns.

Good! Yeah, that is more in line with what I'm doing.

Makes you sleep better at night!!!

 

[Thunder Good-Oil]

Good! Yeah, that is more in line with what I'm doing.

Makes you sleep better at night!!!

It wasn’t too many years ago that I sweated out frequent margin calls. I probably had a few hundred mostly in 2006 and during the Great Recession. Several more closer to the dot com bubble. I had to empty out bank accounts and was forced to liquidate shares many times.

It conditioned me to not worry about fluctuations. Now I keep the margin balance quite low and have cash on the side to pay down the balance if needed - but I don’t expect to ever have another margin call unless there’s a WW3, the US government is overthrown, and/or somebody starts tossing nukes around the planet. I guess defaulting in the ND would create chaos as well.