I’m swiftly losing interest on doing much to alter what was a fantastic week. I have a few things I might take here today, but I already have my sights set on the weekend.
Congrats to those who took a leap into the unknown to participate in a flawless sentiment observation these last several trading days. The best part, it’s just getting started.
If you have any vacation time or personal time accrued at your place of employment, use it next week and come trade with me.
It’s going to be epic.
Have a good weekend,
OA
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I could go for epic.
All seeing eye type trades up in here. Much like the back of a dollar bill, millions of which have been created by the last week of your posts.
Monday morning can’t arrive quickly enough. Have a great weekend, Jeff.
if I said I’m going for lunch break and I would eat my dessert after would that be ban worth ?
As long as you are coherent and I am in a mediocre mood, you’re ok.
Planning on loading up more Snap calls, better to do it today or wait until Monday?
I did yesterday as I sold some of the front weeks.
Long BITA $26
Reloaded some weekly 24s and 25s for some of those sweet gains
$OA…I feel I need to pay you for the service you have provided. After Hours doesn’t work for me, I saw your tweet last night and am signing up for your Trading Addicts service now. Thanks
Thanks Marc, I appreciate that.
I opened it for the weekend only, would love to have you there.
Im in…just put a request to follow @TA_Alerts
Did $ACIA already took off? Or is there more gas in that tank?
Just joined the TA service…uniquely value added environment with very active sharing of actionable ideas, market sentiment, and trading strategies. My only regret is that I should have joined much sooner—but better late than never, as they say…
Just joined the TA service as well, get in while you can!
Do you have any guidance/projections on where the stock will end M, T, W?
Be the ball, Danny.
Read my blog M, T, W. Or hit me in After Hours. I diagrammed this all the way through next week last night.
if this plays out as you think, then the OA group cycle will most likely be back to discussions of quitting job to trade full time.
we all know what happens after that. That said, i’ve enjoyed this week and look forward to enjoying the next one.
Here’s my list of favorite setups. I excluded any from OA’s list because no one cares about my opinion once Jeff’s weighed in:
http://finviz.com/screener.ashx?v=111&t=ayi,bmrn,data,eca,gimo,gpre,mule,peb,pi,pot,uis,wfm,yumc
My favorites are $BMRN, $ECA, $GPRE, and the IPOs look good. Wish that MULE traded options, but it’s brand new.
$WFM longer term usually works for me. And look at $SFM!
Holy hell, i just went to Stocktwits for the first time to look at SNAP. That was eye opening. Do they sound like that on $GE & $MSFT’s feeds too? That is a case study.
If you like Stocktwits you’ll love r/wallstreetbets: https://www.reddit.com/r/wallstreetbets/
“It’s like 4chan found a bloomberg terminal”
Its actually lot more bullish now compared to early last week. End of the world bearish.
Funny as $h!T .. SPAN move down 2% and bearish sentiment moves up 5%
fucked up on the yolos I got the 22$… greedy young man but added to the equity position today and will add more Monday.
As time stamped on blog article previous to this one – as apparently this one did not come up – earlier sold TWTR next week calls for around 175 percent. Sold 35 percent of SNAP calls in increments yesterday for 500 percent – still carrying the majority.
low volume still following twtr profile. looking good, feeling good!!
Being the ball….then pay the bills? Bill the bookie, Bill the parole officer…too bad you not Bill to IS. But will join you.
Any thoughts on $MULE being next $SNAP in week or so?
Hate autocorrect..OA came out IS.
$GOOS ain’t bad at all either. Looking fairly similar.
I joined the TA service last night and have no regrets. The layout, chat and alert set up are excellent. After a quick look through the educational material available I can tell that alone is going to be worth the price of admission for me.
Your shares have been amazing. Thank you.
BTW, was $PLUG running one of the trash warning signs?
— My apologies for the long post in advance —
I spent the last 3 months studying how to become involved with the market with a friend. I had no clue what an option was, and barely had any idea how to invest without going to my company’s Fidelity login page. Got some studying material from him, he referred me to your blog and I read your past posts, and started trading with paper money alongside you guys. I didn’t have an account on IBC since I didn’t really have much to post, but I stalked the shit out of this blog.
I slowly learned the basics about emotional responses to profits and losses, how to recognize very basic patterns, and learn what certain indicators were and what they meant. Took the plunge this month into real money trading with a small account, and my first real trades were very small, following the “win often, win small” idea. Next few were based off of “…so easy, OA Jr. can do it.” Heard your advice that you can’t trade a small account like a mutual fund — you gotta take a chance at some point and win…
…So I took your suggestion into $SNAP last week.
I really wanted to just post and say thank you for the time you dedicate through your different platforms. You truly deserve recognition not only for your talent, but your ability to pass it onto others. For whatever it’s worth, you’ve earned yourself an avid follower, and thanks again.
Just keep in mind that this kind of trade doesn’t come along every week, or even every month. The high-risk, high-reward trade inevitably means there will be months when all your paper expires worthless. It’s easy to burn up your account if you get in over your head.
People that opt to break the rules on position sizing/money management usually only need to experience this once.
What made this one high risk? Seems like this was no risk/no heat.
I didn’t mean this one was particularly high-risk. I was going more toward the overall trading style you use. Looking at the comment now, high-risk is probably the wrong word. I was thinking of the account balance graphic you use, where it’s lots of small losses, then a monster gain, then some more small losses, etc.
Seems a lot of folks (new ones esp), get euphoric over that first big gain, then blow up their account shortly after. I’m just warning against that.
Yeah, I never encourage doing irresponsible stuff with money. I try to keep people spread out, small and diversified. But people do what people do.
http://mobile.reuters.com/article/idUSBRE9B10W620131202
So if SNAP follows the pattern of TWTR – as evidenced by the above article – it should go up around 10 percent next week followed by a 20 to 25 percent week the following week. Will be interesting to see what happens…
Happy to see the pic. Thanks! lol
$ON – Motorola spinoff
OA you got this call right congrats… but the arrogance and know it all attitude is not you, it worked but easily could have not as you know…. their are no sure things …stock gods are watching
Really? I feel like this blog was always kind of this style. Some gloating and some I told you so posts. OA tones it down quite a bit. You must have never read Fly’s posts
I’m always like this on the internet. It’s strategy.
Pretty fucking specific for being uncertain, no? This isn’t the first time…but when I get this specific I rarely miss.
Thanks for the feedback.
Oasenior, Our Lord and Master has locked his tremendous gains. Every move he makes henceforth is extra gravy. Make a note of that.
Jeff – can you please help link me to where I can sign up for the TA service mentioned above? Would also love to get signed up for the TA Alerts if you could link me there as well.
Big thanks!!
Email me [email protected]
The “righteous” shorts on Reddit are amazingly married to their conviction. Will terror set in soom?
at a party last night .. BIG hate on over $SNAP .. this is going to rocket
Net short right now. At the close on Friday bought April puts in AMZN and went much further out with Sept puts in NVDA and sold a few longs.
I’m with you on both Chief. Although my AMZN is dead and I only have NVDA through May
Looking to short GOOG / FB. Both are overvalued with no actual business model other than adverstisement revenue from user generated content.
I bought the NVDA April 95 puts on the Goldman upgrade. Target is for the stock to be in the 70s by expiry.
Futures are down a little more than a 1/2 a percent across the board and Doug Kass is peeing himself and sending out tweets. Unfortunately for him – he would need a nuclear holocaust to take place to get back even a 1/4 of his losses from shorting nonstop the past 7 years.
Oil going through aversion?
Good question. I thought June through August last year was …but less sure now.