What Did You Buy Today?

[ken-do-nim]

(02-25-2021, 10:25 AM)fenders53 Wrote:

(02-25-2021, 10:00 AM)divmenow Wrote: Bought some LDOS. Between the earnings miss and short report I haven’t seen it this low in a while. So I said why not lol. You in on this one too Fenders ?

I haven't researched it.  Hadn't heard of it until you and Otter were discussing it last week.  I am trying to not add too many more new names.  We'll see how long that lasts. 

What I need is for tech to get hammered for real again, but this market is resilient.

Very small trades this morning.  Added a few shares to DG-ARKF  Sold a few SLV puts.

(03-30-2021, 12:49 PM)fenders53 Wrote:

(03-30-2021, 12:24 PM)Otter Wrote:

(03-30-2021, 12:09 PM)fenders53 Wrote:

(03-30-2021, 11:25 AM)ken-do-nim Wrote: Tax consequences be damned, I got out of one of my leveraged positions today in LABU.  I believe it has further to fall and I don't need to be along for the ride.  (Bought @ $60/share, sold @ $70/share, but in the interim it zoomed up to $180.  For the future I am going to come up with a drawdown rule so that I can profit from huge spikes.)

Leveraged funds are fun and with the right plan you can profit if the market goes your way at all  Buying and holding through thick and thin just isn't the same as a handful of stock shares.  There has been no better time for triple leverage funds.  You enjoyed the good part.  Pull up a chart on most any of them and you will see the drawdown is just too much if you pay no mind to momentum.   They get crushed in a downdraft, they gradually lose through options cost slippage in a sideways market.  It only works when the market is at least moderately bullish.  I know you don't understand options but you are effectively buying call options every day.  I sell options most every day so I can pocket the slippage.

TL;DR fenders rolls with Theta Gang. 

If 2021 goes like 18/19/20. I am finally getting that theta tattoo I always wanted.  If Ken doesn't stop it I am going to work "Thanks Ken" into my ink.   

Seriously though Ken I am glad you joined the forum because you participate daily.  I want everyone here to win.  I am going to find a link for a basic option vid you need to find time to watch.  You don't have to trade options, but the reality is you ARE in fact playing options with these triple leveraged funds. You need to know what is going on or it's just reckless and I want you to retire early as possible.  You have to understand the basic principles as you are throwing down thousand dollar bills in these funds.  I am NOT anti leveraged funds, but I try to be careful with them and always in moderation.  It's a side bet, not a core strategy, because it will end bad if I get too bold for too long.

Sure I'm happy to watch the video and learn.  Please do.

Also, I have to say I'm quite pleased with the way my portfolio did today.  On a day when all 3 major indices were in the red, my taxable account was up $51.  Just to be positive on a day like today is pretty cool.  Prior to the DGI strategy, my portfolio went as the Nasdaq went.  And this despite AVGO being my biggest loser today.

For the Raytheon story, I'll post something in Off Topic when I get a chance. It's a juicy story, involving a blizzard, a murder, code reviews but no code running, an obscure programming language, and meeting my doppleganger and realizing I wouldn't get a raise to match his salary.

[fenders53]

(03-30-2021, 05:35 PM)ken-do-nim Wrote:

(02-25-2021, 10:25 AM)fenders53 Wrote:

(02-25-2021, 10:00 AM)divmenow Wrote: Bought some LDOS. Between the earnings miss and short report I haven’t seen it this low in a while. So I said why not lol. You in on this one too Fenders ?

I haven't researched it.  Hadn't heard of it until you and Otter were discussing it last week.  I am trying to not add too many more new names.  We'll see how long that lasts. 

What I need is for tech to get hammered for real again, but this market is resilient.

Very small trades this morning.  Added a few shares to DG-ARKF  Sold a few SLV puts.

(03-30-2021, 12:49 PM)fenders53 Wrote:

(03-30-2021, 12:24 PM)Otter Wrote:

(03-30-2021, 12:09 PM)fenders53 Wrote:

(03-30-2021, 11:25 AM)ken-do-nim Wrote: Tax consequences be damned, I got out of one of my leveraged positions today in LABU.  I believe it has further to fall and I don't need to be along for the ride.  (Bought @ $60/share, sold @ $70/share, but in the interim it zoomed up to $180.  For the future I am going to come up with a drawdown rule so that I can profit from huge spikes.)

Leveraged funds are fun and with the right plan you can profit if the market goes your way at all  Buying and holding through thick and thin just isn't the same as a handful of stock shares.  There has been no better time for triple leverage funds.  You enjoyed the good part.  Pull up a chart on most any of them and you will see the drawdown is just too much if you pay no mind to momentum.   They get crushed in a downdraft, they gradually lose through options cost slippage in a sideways market.  It only works when the market is at least moderately bullish.  I know you don't understand options but you are effectively buying call options every day.  I sell options most every day so I can pocket the slippage.

TL;DR fenders rolls with Theta Gang. 

If 2021 goes like 18/19/20. I am finally getting that theta tattoo I always wanted.  If Ken doesn't stop it I am going to work "Thanks Ken" into my ink.   

Seriously though Ken I am glad you joined the forum because you participate daily.  I want everyone here to win.  I am going to find a link for a basic option vid you need to find time to watch.  You don't have to trade options, but the reality is you ARE in fact playing options with these triple leveraged funds. You need to know what is going on or it's just reckless and I want you to retire early as possible.  You have to understand the basic principles as you are throwing down thousand dollar bills in these funds.  I am NOT anti leveraged funds, but I try to be careful with them and always in moderation.  It's a side bet, not a core strategy, because it will end bad if I get too bold for too long.

Sure I'm happy to watch the video and learn.  Please do.

Also, I have to say I'm quite pleased with the way my portfolio did today.  On a day when all 3 major indices were in the red, my taxable account was up $51.  Just to be positive on a day like today is pretty cool.  Prior to the DGI strategy, my portfolio went as the Nasdaq went.  And this despite AVGO being my biggest loser today.

For the Raytheon story, I'll post something in Off Topic when I get a chance.  It's a juicy story, involving a blizzard, a murder, code reviews but no code running, an obscure programming language, and meeting my doppleganger and realizing I wouldn't get a raise to match his salary.

I'd love to read the Raytheon story.  I am invested.

Glad you had a good day.  Tracking along with the Nasdaq has been very good the past few years.  Being triple leveraged is not where I will ever be though.  We can't know the future so all we can do is look at charts. There are about three times in my lifetime that 3X leverage against QQQ would take whatever your holdings were to zero or very close to zero.  That makes it almost a statistical certainty it will happen to you eventually.  Who knows when of course.  You could make a few million before you head back to zero.  It doesn't really matter how long it takes if it happens.  Zero is zero.

I can't decide what your personal risk-reward profile is.  Tax implications can't drive the decisions in a 3X leveraged position.  I think you may have the right idea in leveraging a chip stock run this year.  Especially from here.  Just be careful with it or you will give it all back at some point.  I do use leverage myself on occasion, but it's not a buy and hold plan.  It's not a matter of if you give it all back, but when you give it all back.

[ken-do-nim]

Agreed which is exactly why I will be writing up a "drawdown rule", so when it starts tanking beyond a certain point I am out. That said, I feel much more comfortable holding TECL (Microsoft/Apple), SOXL (Intel/BroadCom), CURE (Johnson & Johnson), and NAIL (Sherwin Williams, Home Depot, Lowes) long term then some of the others like LABU (lots of little biotech companies) and RETL (Gamestop) and even DFEN (Boeing, Raytheon). DFEN and NAIL have been my stars recently, and even CURE has come back to life thanks to JNJ.

[fenders53]

Yes some sort of drawdown criteria. Some will get in and out of leverage when it crosses the 200 DMA. That would keep you out of extreme trouble. You can buy and hold the underlying SOXX. It's a certainty it will see 30% drawdowns like any other index. Not a tragedy until that 30% down is tripled.

I know I am too bossy lol. You'll find the correct asset allocations over time. I just don't want you to kill your port between now and then. It's hard to imagine tech doesn't have some room to run this year. The major holdings in your ETFs anyway.

[ken-do-nim]

I'll start a thread in off-topic for drawdown criteria, as well as a rule about cashing out some when it crosses a new threshold. If I only ever sell when a drawdown kicks in, I won't ever profit from the highs, as was the case with LABU.

[Otter]

Looks like Ameritrade figured there was no way CAH would close below $56 today and already assigned my shares subject to covered calls. Replaced it with ARKG and PLTR.

[Otter]

Also bought some ARKF to round out my Cathie Wood ETF holdings.

[stockguru]

infrastructure stocks should continue higher here since Biden just passed the bill today. Yes they have had a good run but I think these companies will grow between now through 2025. Water stocks as well will benefit,

AWK, WTRG, and so on.

I added a bit more AWK, SRE, MTX and VMC this morning.

[divmenow]

(03-31-2021, 10:47 AM)stockguru Wrote: infrastructure stocks should continue higher here since Biden just passed the bill today. Yes they have had a good run but I think these companies will grow between now through 2025. Water stocks as well will benefit,

AWK, WTRG, and so on.

I added a bit more AWK, SRE, MTX and VMC this morning.

Not a bad bet but they all have run a bit far of late. But they should do well heading into the summer 

You should take a look at the ETF (PAVE) they own about 100 names in the infrastructure space. I have been buying it the last few days. I like the space but I'm not going to buy the stocks since most of the ones like are hitting new highs like DE, PH, NSC, UNP, URI and many more. This way you get a piece of the pie in every name and limit your risk 

[stockguru]

(03-31-2021, 11:01 AM)divmenow Wrote:

(03-31-2021, 10:47 AM)stockguru Wrote: infrastructure stocks should continue higher here since Biden just passed the bill today. Yes they have had a good run but I think these companies will grow between now through 2025. Water stocks as well will benefit,

AWK, WTRG, and so on.

I added a bit more AWK, SRE, MTX and VMC this morning.

Not a bad bet but they all have run a bit far of late. But they should do well heading into the summer 

You should take a look at the ETF (PAVE) they own about 100 names in the infrastructure space. I have been buying it the last few days. I like the space but I'm not going to buy the stocks since most of the ones like are hitting new highs like DE, PH, NSC, UNP, URI and many more. This way you get a piece of the pie in every name and limit your risk 

Thanks that's a great idea. 

I like the symbol as well lol

[divmenow]

Bought some PM Yield is still over 5%. I think it can get to $100

[vbin]

You must be happy today fenders. PLTR ran up. Your puts should be doing well.

Sold CC on PLTR. Sold some PLTR bought couple days back in my kids account. Still neck deep in it.

Bought back a small position in GSK in long term account.