So who here thinks that, during the last hour of trading, the markets tank or magically rally?
I don't want to think about more tanking rn.
So who here thinks that, during the last hour of trading, the markets tank or magically rally?
WHAT IF THE DIP ISNT OVER!?
Got some put credit spreads on FB and NVDA. Also a call on INTC.what type of options did you get, and expiration? Did you have a target to sell at?
Ah ok.I missed this, but it's jumping because they're doing a SPAC with a Bill Gates-backed solid state battery company.
A stop sell order. As soon as it goes below $400 it will trigger a market order, so you may lose a little as it's executed but should be close provided it's not a monumental drop.So I've never actually sold stocks before.
If I wanted to sell my Tesla shares only if it hits $400/share, what type of order type would I do?
A stop sell order. As soon as it goes below $400 it will trigger a market order, so you may lose a little as it's executed but should be close provided it's not a monumental drop.
So I've never actually sold stocks before.
If I wanted to sell my Tesla shares only if it hits $400/share, what type of order type would I do?
You can also look into stop-limit orders to prevent this if your broker provides it.A stop sell order. As soon as it goes below $400 it will trigger a market order, so you may lose a little as it's executed but should be close provided it's not a monumental drop.
Problem with stop limits is if it keeps plummeting and never hits $400 again you don't limit your losses.You can also look into stop-limit orders to prevent this if your broker provides it.
MrBob
Nasdaq 100 up-trend still in place? What do you think? It's another 2.5% drop to the 20d and the bottom of the channel.
That's atleast pretty good, I was scared you had like weekly options that were otm.Got some put credit spreads on FB and NVDA. Also a call on INTC.
I bought NVDA at open, which was absolutely stupid on my side....
FB expires tmrw, which means no chance for recovery unless tomorrow reverses today .
NVDA expires next week, so there is still at least some hope...
You are looking for a stop limit, but 400 is bad number to do it on. It's probably flooded with both buy orders and countless other sell orders. So if your limit hits it would sell in the chronological placement in which you placed it (probably late to the party on that one) and possibly bounce right off of 400 to a higher valuation due to existing purchase orders in place.So I've never actually sold stocks before.
If I wanted to sell my Tesla shares only if it hits $400/share, what type of order type would I do?
You are looking for a stop limit, but 400 is bad number to do it on. It's probably flooded with both buy orders and countless other sell orders. So if your limit hits it would sell in the chronological placement in which you placed it (probably late to the party on that one) and possibly bounce right off of 400 to a higher valuation due to existing purchase orders in place.
If you're feeling bearish on TSLA place your stop limit above what you're willing to lose and capture some gains, if you're still bullish place it below hoping to hold onto your shares in the case of a bounce. Either way try and stay away from really nice numbers [in the current TSLA case meaning cleanly divisible by 100].
Yup, the up trend hasn't changed yet. This is only a pullback for now. If the up trend breaks that would be another signal that perhaps yesterday was potential a major top in the nasdaq (whether short term or long term to be determined). But I usually don't get too worried about an overall trend until the 50 day moving average is breached at the very least. Problem for the nasdaq is the 50 day is still very far below.... could see a decent size correction in the nasdaq and still technically be in a longer term uptrend.
Yup. It could be the top, but so many people know about the megaphone top it makes me think that isn't the actual top. Could just be a reactionary pullback from hitting that level. We had the fastest drop ever followed by the fastest recovery ever that pierced the top of the megaphone. Doesn't seem too strange to me to see a reaction in the other direction. Typically the faster the market moves towards a target, the better chance of a bounce in the other direction. Doesn't mean it's over. Just means the sp500 was going too fast at this megaphone and will need to reset. If SP500 keeps falling, well, another story potentially then.
Everyone talks about buying TSLA when it soars and selling when it crashes. Come on people.
I dunno about you but my personal strategy is buy high sell low.Everyone talks about buying TSLA when it soars and selling when it crashes. Come on people.
I dunno about you but my personal strategy is buy high sell low.
I don't think it's a headline or a big news story that did it. Seems like some firms are just looking to take some money off the table while we are at the highs. Or is there something I am completely missing?
Yes. Way too much FOMO buying and markets stretched.
Looks like it is tanking even harder the last hour!