A sharp decline is always followed by a strong rebound
The market is closed tomorrow. Semiconductor stocks are generally falling at an accelerating pace, which will naturally lead to panic selling
For me, this is actually a good time to buy
I bought some more MRVL stock. We’ll see the rebound next week
Most semis sold off right after the open today, but BB was actually holding up strong. That said, I decided to lock in my profits. 16% is a solid gain in my book no complaints there. I'm not gonna sit here and daydream about whether it'll keep running from here. I just stick to what I can control. The only reason I got in was because of the earnings print today playing the bounce, short term trade nothing more. Follow my rules, move on to the next one. Not financial advice, just logging my own trades. And hey congrats to everyone holding BB hope you guys killed it
I know everything will work out just fine
I still have 50K in cash on hand that I can use to buy stocks directly
Prices have been pulling back over the past couple of days so I’m a bit hesitant to keep buying
At what price would you be more willing to buy SPCX?
Back in 2023, after getting stopped out more times than I care to count, I made one brutal decision sold every piece of junk in my portfolio and went all in on the highest conviction plays I could find
Today, that account sits at $1,216,861. That's nearly a million bucks in net profit over three years
Along the way I picked up three rules that actually stuck hope they do you some good:
First time in the market beats timing it. I was parked in this thing for a full 1,095 days and honestly, only about 100 of those were real up days. The rest was just pure agony
Second never, ever bet against the Fed. I got in right at the tail end of the 2023 rate hikes. That timing wasn't luck it was paying attention
Third that little green "+$5,503" you see on today's P&L? Means absolutely nothing. The real money was made back in 2023, at that desperate moment when nobody else had the guts to buy. That's where the fortune was built
Next move? I'm thinking about pulling some of these gains out and putting them into real hard assets. Anyone got solid tax saving ideas? Drop 'em in the comments I'm all ears
I like short term trading
In short term trading you first need to gauge the prevailing market sentiment whether investors are generally pessimistic or optimistic each day. Then identify the stock s short term support and resistance levels to set your profit taking and stop loss points. Unlike long term investing it doesn t require overanalyzing too many factors. Additionally short term trading demands closely monitoring market movements over extended periods.
I observe the market for the first two hours after the opening.
First I review the price action of all the stocks on my watchlist. When I spot a stock moving in a pattern that fits my usual strategy I then check its trading volume. Finally I examine the 15-minute 1-hour and 4-hour charts for final confirmation before deciding to trade. This is roughly my standard process
Strike price 335
5 call options
Expiring May 1
Option cost: 14
Is anyone bullish on this stock?
Let’s see how this plays out