Samwise Quick Reference Handbook
To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible dropdown menu below. A sort of Quick Reference Handbook if you will -- as our friends in aviation might call it. By clicking the menu below, you’ll have qu...
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Hey Sam, with the $25 calls what would be the plan if the QQQ oversold is ignored? Yes, there are hedges, but I’m more thinking in terms of preserving capital for the eventual correction.
Is this also viewed as a hedge in case the market keeps running?
Hey Sam, thanks for the update. I agree with what you’re saying, there will probably always be people who use the information irresponsibly.
It’s sad that that will lead to the mentioned changes in the future since it diminishes the value of the publication a bit.
I also think we need to take into account what a terrible trading environment we’ve had since the correction. At the beginning of the year you laid out the plans for the short terms trades and it worked 1-2 times and since then it’s just been super tough! So I think if we had had a few more successful trades before all these outlier events it would have been largely fine. Really just super unfortunate that the market just deviated from high probability outcomes just when we started those trades.
Just to echo this. I think long time followers of the publication will actually adhere to your allocation amounts going forward now that we’ve witnessed the irrationality of the market first hand. Perhaps we can find a middle ground without ditching the spread trades altogether?
Hi Sam,
Generally speaking, would you say segmented rally pull backs must reach oversold before ending?
Thanks!
Hi Sam,
Do you have a risk to reward ratio for the trades you put on with oversold bounces (and maybe in general)? Like, for the long call spread on QQQ oversold play, what ratio do you target before putting on the trade?
Thanks!
NVDA had an ugly reversal today. It was as high as $202.92 but ended up closing at just $195.21. That’s not a good omen for the market when the market leader goes down like that.
It seems we have taken the approach of swing trading leaps, which i am actually not opposed to there is a lot to be gained from respecting oversold and overbought conditions. My question is if this is actually a sustainable way of trading a small 10% position with excess profits or why we didnt take such a pragmatic approach by trading swings for leaps when we peaked at 582 or so on QQQ in August. We could have simply doubled into a short position and halved it on first oversold at 560. This means we dont have a sacrifice play that nets us a higher ROI in the spreads if things do work out but we do have smaller incremental gains. All I am saying is it might be better to swing the levels on less risky plays for 15-25% gains on a small 10% position that gets liquidated on overbought and oversold like we are doing right now.
What this guy said ^
Hi Sam, don’t know if you have a table available for this or if you have any data, but how long does it take on average for the oversold bounce to take place? Is it always immediate like today? Is there ever a delay? Is it different for 30 RSI vs. 20?
For the ones who are toxic and complain everyday, can’t you just give them the boot? Or mute them indefinitely?
its really unfortunate that you are contemplating this sam.
I know its frustrating on your side.
But I really hope to see/learn more of this smart moves in the future.