goldbug1

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...

goldbug1

Buy to Open META @ 525.00 +- Stop Loss - 495.00 Target - 595.00 Just like the relative strength and a nice consolidation breaking out.

goldbug1

Bitcoin and the markets in general seem to be in no-man's land. What we need to see is the bulls or the bears take control. Maybe it is just all the challenges globally that are weighing in on the markets but either way someone needs to take control. With Bitcoin the bulls need to see 62k taken out. They do this I think this will lead to a strong rally back to...

goldbug1

Buy to Close AUG16 165 PUT @ 0.90 Realized gains for the trade - $133 Just taking the money and running, I am not really fond of how eerie the market is acting today and just wanting to remove some risk.

goldbug1

Sell to Open 16AUG 510 Putt (1 Contract) @ $6.35 Like META here, strong chart and looking to break higher. May buy some outright towards EOD.

goldbug1

Buy to Open 500 shares of BITO as my long for Bitcoin. You can also buy outright but as I have mentioned before I use BITO so I do not have to pay a small fortune for accounting. So for Bitcoin outright Buy to Open 60,250 Stop 56,750 Target 67,500 So just about a 2:1 R:R

goldbug1

Both Bitcoin and stocks have recovered from the selloff last week and I have gone from Bear to Bull now looking for a nice rally. Bitcoin: The extended "E" leg happened, and that is generally how it happens, a real deep selloff that takes out the lower boundary of the consolidation and pushes into lower support quickly. Yet it recovered just as quickly. If...

goldbug1

On a short term time frame (1 hour candles) the Q's are trying to break the 448 level we have spoken about earlier this week. I am daytrading the Q's right now long based on this setup with a tight stop at the lower end of the consolidation. However that is not what this is about. I am taking position trades in OLED and BROS buying some stock, and also going...

goldbug1

Closed out the QQQ short and options trade. Taking my loss and looking for longs here. As I mentioned 448 is the key level for bulls, taking it out after the open is a sign that the bulls have taken control and I need to get out of my short trade. Losses are a part of trading, never be upset to take a small loss.

goldbug1

Biotechs are still beaten up, especially the gene therapy disrupter stocks, so continuing to buy a little bit here and a little bit here of some of these stocks. These are lottery stocks, they have few if any marketable products, but the idea is if they do come out with a block buster, well winner winner chicken dinner!!! Adverum is into ocular gene therapy with...

goldbug1

QQQ is looking like the bulls are taking control here, which is not good for my short positions. Key level has been 448 for bulls and if we open above that out of the gate I will be considering closing my trades and taking my loss. I may flip on the backside and look to sell some short term PUTSs expiring today as I really do not want to hold a short PUT...

goldbug1

Going ahead and rolling out my 442 short Call to tomorrow collecting another $1.80. Will see what we do tomorrow, but no harm in grabbing some more premium here. Buy to Close Aug8 442 C Sell to Open Aug9 442 C @ $1.80

goldbug1

Sell to Open Aug8 442Call 2.81 one (1) contract. This contract expires today so I like the decay on the contract, especially with the market trading right at the POC.

goldbug1

Well at least not horrible news on the unemployment front, but the market is not buying it. At this point the they come out with OK numbers and then are 11 for 12 in revising lower so the market is not buying the BS. Also the chances of recession are increasing here, don't need to go any further than looking around at all the discounts companies are offering. ...

goldbug1

Just went short 100 shares of QQQ @ 432.37. Reasoning: I mentioned prior that the 448 level was a key level to take out for the bulls. We tested it today a couple times on the hourly and it failed. This is a sign of weakness, and though anything can happen, probabilities favor a take out of 433 here. This may be a short hold depending on what goes on tomorrow...

goldbug1

Crowdstrike has been in the news of recent and a lot of negativity surrounding it. This is one of those selloffs that could be a great buying opportunity such as we have seen in the past with other stocks that took a beating after a negative event happened. So I am a buyer here. Was waiting for the stock to show some signs of support and finally we are seeing...

goldbug1

As Bitcoin and the markets attempt to recover from the steep sell Monday, keep in mind that emotions can run high and it is a traders job to keep those emotions in check. Wins can bring in the cockiness and after having a great day of trading, and closing out my hedge along with a couple other trades we jumped on Monday morning, it is easy to get that cockiness...

goldbug1

I am officially flat now in my trading account locking in the profits and selling my QQQ Short Put for a loss, but overall it was a win. I also closed out NVDA and AMZN Puts as well for a small profit. All in all around a 10k realized gains, will put the actual numbers together later, but wanted to get my closing out my trades here. I am looking for some sign...