goldbug1

goldbug1

Augghhhh Taking some pain with my short position, but not the first time I have been here. Going to see where we are closer to close of the day or perhaps tomorrow to see if I should close out. 1) I don't want to be short if this market breakout sticks. That could be really painful and I may just have to blow this out and take my loss. 2) I don't want to...

goldbug1

There is always the potential of being assigned and here we are assigned a 200 share short position. Not a bit worried as we are entering this very broad resistance area. Have a couple options here. 1) I can close out and take a loss, not going to do that yet. 2) Sell PUTs against my short position to cover or collect more premiums. (May opt to do this will...

goldbug1

SPY - Sell to Open 12SEPT (Today) 555 Calls (2 contracts) @ $1.37 I am taking short term trades here selling into a market I am guessing will correct sooner than later. Not sold on this rally and I want to position myself short. Since there is no Setup right now, I am simply selling short term Calls which will either expire worthless today, or getting a better...

goldbug1

Ok so back home after a well deserved vacation. Not sold on the rally today so I am looking at selling a couple of short term Calls on the SPY. Looking for this market to give us a decent leg lower. Sell to Open SPY 10SEP 550 Call @ 1.00 (2 Contracts) expiring tomorrow. I do not mind taking the short position here if assigned.

goldbug1

Been on vacation at a friend's cabin in Maggie Valley riding our asses off. Yes sore ass, back needs an adjustment but it surely has been worth it. Just some great riding up here and the weather could not be more perfect. But not everything is smooth roads and beautiful scenery. Yes our trade was tapped out last Friday right before the close, with a high of...

goldbug1

Nice bullish consolidation pattern after taking out the 785 resistance level. Looking for NOW to take out the 835 current resistance level for a swing towards 950. Looking at a position trade here, either buying the dip (if the market pulls back some here) or if we break 835.

goldbug1

Sell Stop 412.00 Stop Loss 416.50 T1: 405 T2: 400 I am also looking at selling calls today, and will post at time of trade. Please note to wait 30-45 min after the cash open to enter the trade!

goldbug1

Going to close the trade out after hours at $476.00 to lock in profits on the trade. Nothing wrong with taking profits and with the uncertainty I woods rather take the profits and run. Little over $900 realized! Not bad for a week. Real trades with real account, stop following broke ass furus!!

goldbug1

I was assigned the contract Wednesday so currently short 200 shares of QQQ. Little surprised since the aftermarket took us under the 380 level but it is what it is. Strategy today will be to sell some ATM PUTS against the position like the 483, 484 strike. Will depend on the open, and I will update at that time.

goldbug1

Taking a small loss on BITO closing out the 500 shares I own for a $260 loss. I do not like that price action, and though I am bullish, I am not stupid.

goldbug1

Sell to Open AUG20 480 CALL @ 1.20 (2 contracts) Just playing the hesitation here on options that expire today.

goldbug1

Bitcoin continues to consolidate as stocks continue to rally and everyone is looking for that Golden Goose! No trades today, still own some META OLED BROS and BITO. Like to see what the market does tomorrow after the cash open before I start taking some QQQ options trades. With Bitcoin continuing to consolidate I am feeling a little more bullish here, but not...

goldbug1

Bitcoin is simply stuck in no-man's land between 57-62k. 62k was rejected by buyers and 57k was rejected by sellers. Not much to do here but wait for a setup for a trade. In the mean time I am simply looking as to where I will add more BITO which is my instrument for the Bitcoin trade. QQQ: Another week of profitability after a loss week. Hey it's part...

goldbug1

Sell to Close SEP20 140 Call @ 47.40 Realized gain 47.40-30.89 = 16.51 or $1651 per contract. Again not being greedy, we are getting closer to resistance and it is never a bad time to take profit. Keep in mind we own the stock as well. Real Trades, Real Money, no I don't depend on my mum for anything! Stop following Furus!

goldbug1

We have been closing out some trades, yet still have a few open like OLED. We bought some shares of OLED, but we are also long the SEP20 140 Calls from 30.89 which are now trading around $46. Nice $1500 profit now, but it is never profit till it is realized. As the market climbs we have been reducing risk and I will likely close this one out as well, since I...

goldbug1

Buy to Close AUG16 525 PUT @ 0.47 Realized Gains: 6.35-.47 = $5.88 or $588.00 per contract. With the bulk of the profit already realized there is no sense in being greedy for the last 7% of the contract. Take the money and run! Real money.... Real Trades not just selling signals and not having an account large enough to take the trades some of these FURUS...

goldbug1

Ironically I was looking at SBUX last weekend as it touched the broader support line. However, I just did not like the direction of the company, and it seemed all the excitement around SBUX was slowly fading. The hand of God has now come down and blown air into the lungs of SBUX bringing in the current CEO of Chipotle. Good news for SBUX but is this an area you...

goldbug1

The 62k level was an important level from a auction perspective. As mentioned prior this is the key level for bulls and it was rejected quicker than Biden at a scrable contest. However lets not get too emotional here. Bears need to see the 57k level taken out and we are still a little away from doing that. Take a look at the daily: Notice how quickly the...