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[pullback] came down to 26 area, recent support in the channel it's in, call sweeps coming in, looks great for a bounce back to 32-35 area. Trade was holding up nicely even in a big down day that we had yesterday. Today however it is dumping, gave it a chance to level out in the 1st 30 mins but continues to make lower lows and cracked the 28 level which is where I moved support to. Getting out since overall market is super weak still.
Entry comments: [pullback] market was very weak, many names pulling back, but crazy volume was pouring into NVDA, millions into this contract alone. Entered as this found support and looking for a bounce to the 140 area over the next week or two. Aggressive calls from just about every strike and expiration coming in today, so I do expect this to make a strong move up soon.
Exit comments: My only regret is not buying more calls. I did scale out of the 1st contract at 80% on friday, and the rest today around 170%. I had a trailing stop that didn't trigger, not sure why, but would've squeezed out another $100 if it worked. I think the CES keynote could be a "sell the news" event so I'm locking in
Entry comments: [breakout] finally cracking 20 and call sweeps are pouring in. Looks ready to squeeze. Volume shelf suggests this could make a smooth run up to 25 area pretty easily. First target is 22 and next is 24 (may hold to 25 if it is strong but this thing can reverse quickly too).
Exit comments: scaled out of this on its run up to 22.40. Had 2 contracts left that I was going to swing overnight heading into the CES, but decided to lock in these profits and roll into another contract with more time. I still think this makes a solid run up to 24-25 but I am locking in profits just in case we get any surprises.
Entry comments: [spyder/momentum] starter position - will see if I add to it or keep it low risk. Great uptrend on financial names, nice pull back toward 21ema, will look to add if it dips lower to that level (70 area). Looking for strength into the rate cut and momentum into earnings. Big call sweeps. Target is up to the 75 level and 80 level. Risk is below 70.
Exit comments: this trade has been a nightmare. Should have never gotten into it, and especially not before the FOMC meeting last month. Dumb trade idea and was down 30-50% over these last several weeks. From a technical perspective, the setup stayed in tact but it wrecked the value of these contracts. I'm lucky it recovered.
Entry comments: [spyder] massive call sweeps hitting, as long as this holds the 140 level it looks like it could make a run up to 145 area pretty quickly.
Exit comments: bad trade - breakout was a fakeout and I didn't cut it at my stop. Size was too big too. Decided to swing and then the market came down hard (Friday), so I gave it another day to try and recover. It had a great bounce today but not enough to make these worth it. Have some longer dated calls for NVDA that I'm keeping, but this contract needed to be cut.
Entry comments: [spyder] chips and semis running big today, big call sweeps hit. Chart looks like it's ready for a bounce too as these have been weak lately. Would like to see a gap and continuation up to 135 area. Going to have a tight stop on this if it fails.
Exit comments: not moving, looked weak today so I cut it for breakeven
Entry comments: [pullback] Re-ENTRY. same idea as AMZN. Dramatic pullback after FOMC bringing it down to 187 area, wanted to see it go a little lower so left room to add if it wants to drop a few more bucks. Looking for a recovery back up to 195, or a 200 break if we get a strong santa rally. Will be looking to get out of this quickly with the shorter expiration. Following smart money.
Exit comments: was looking great this morning, was up about 40% at the open, wanted to give it a chance to work in the first 30 mins, but starting to fall apart and take out key support so I'm taking the profits I do have. Market is taking a quick down turn and VIX is coming up so staying safe
Entry comments: similar to NVDA. pullback to 123 area and looking for a bounce up to 131 and then 136 if it can get there. If it stays strong then 141. Might add if it stays weak but not holding it below 121.80
Exit comments: this thing absolutely dumped since I got in. Should have cut it before the FOMC. Got a massive bounce today so I decided to get aggressive with my stop on this as I think it could come back down just as quickly. If it were to remain strong and call sweeps come in, I may re-enter but I was down big on this and looking to cut it.
Entry comments: pullback to 132 area, small size in case it fails. Will look to take profits around 140, that's also where the 21ema is and a possible rejection area.
Exit comments: Was up closer to 50% at the open, had high hopes but the market is continuing to look weak, has been super choppy and VIX continues to rise. Locking in profits and will re-assess for another dip buy on weakness. Just don't trust the market right now.
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