I raise my glass and offer up a toast, for those that have been aggressively buying with me for the last several weeks. It has paid off well, and today’s open offers more gains to sell short dated positions into.
On the day, I am mostly looking to trade around three strategies:
- 1. Look for stocks that haven’t really participated in the bear massacre, for they will be my next vehicles to trade.
- 2. Look for entry points on lower time frames of my favorite stocks to trade options on. Right now, I picked AAPL and NFLX for weekly calls that expire tomorrow.
- 3. Build up a watchlist of high short interest and lower quality stocks. We’ll start getting into this phase of the rally soon.
Going forward, I am going to focus on discussions that will help my readers pick stocks. From understanding market cycles, risk tolerance, building watchlists, and knowing which genre of stock to focus on.
It’s one thing to post winners often, but its another to help readers understand the thought process on how they are selected.
OA
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Cheers, thanks for all the solid ideas.
Looking forward to your upcoming posts. I think we can all learn a lot from your experiences.
ampe,meli,clsn,acad,act
FNMA in play after momo+short squeeze as dash for trash begins?
Might be. Not a bad idea…
Thinking PCXCQ also.
Great idea. Just sold my shares and my option on SHLD. Thanks!!
really looking forward on your write up on how you pick stocks!
any thoughts on DGIT? huge options volume. i was in at .15 got out at .35 now looking to reload at .25 or .3 (july 20 7.50c’s) and also the (aug 7.50cs) was in at .4 sold at .61 looking to get back in that as well (will capture earnings)
I’d love to see this flatten out for a few weeks before doing anything with it.
flatten out as in consolidate? there was also large insider buying that caused the initial pop above 7.5. i’m thinking an ‘insider’ knows something
also around 40% float is short. might be your next play =D
Yeah, consolidate.
still in $ZLC? took a nice 5% and now back in on the pull back. Hat tip, sir.
Yes, still there. You will want to be in this name when it gets into double digits.
well done, Mr OA
ARMH really working for me..take a look
Sifting the garbage and MBI Aug. is interesting .
Thank you for BIDU. Hit it BIG today.
hey OA,
is this the most MACRO driven market you’ve ever seen? or has it always been like this… i wish we can just go back to fundamentals / technicals without the fed / global monetary easing…
The retail investor is still not back in the market. I am a bull until they come back. That will take years.
Great trade in NFLX!