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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Hi Sam, I did not receive a push notification for this daily briefing update.
Me neither
App push notifications are only for trades.
@NeverGonnaLetYouDown is right. For now, we’re only using push notifications for trades. We may use the system for any particularly important updates AND soon we may be added several different notification systems. one of which may be updates. Another would be selected which portfolio(s) to follow. So if you don’t want updates one or more portfolios, you can select not to receive them.
For now, it’s another trade notification system.
I’m actually working on this. We’re soon going to have 10 different push notifications and settings to allow people to follow different things.
All 8 portfolios, 1 daily breifing updates and 1 general Sam Weiss push which might cover some short-term thoughts throughout the day that doesn’t warrant an update.
Anyway, the good news is there’s a solution coming where we can send out a push notation each time the daily briefing is updated.
People can subscribe to some and not other notifications. So if you’re following 2 portfolios and want to be notified when we update the daily breifing, we’ll have those settings.
Sam – will we look to add QQQ and SPY in Baratheon ahead of the rally? what are the buy indicators i.e., trading at $Y above resistance level for X hours? thanks!
For a QQQ trade, we generally wait for oversold conditions to get long on the hourly which happens frequently enough.
We only largely make contrarian option trades in Baratheon i.e. stocks that have reached oversold conditions and due for a bounce. It’s very short-term oriented.
Right now, the NASDAQ-100 is just coming off of overbought conditions this morning.
Do you think there’s still room to go up to 145 today or has NVDA peaked at 143 already?
Probably peaked at $143. It did reach overbought conditions at that point. Even at $141, it was at a 76-RSI.
See 10:30 AM update.
app page doesn’t seem to be refreshing with update
Hi Sam, this briefing seems to be stuck without the 10:30 am update for me on Mobile. I can see it just fine on web.
It wasn’t until I force closed the app that update finally appeared. Maybe we’ll need a refresh button for the app?
So if you back out of the briefing article and back in, that should be enough. we working on a pull down to auto refresh. so that when you pull down on the page it refreshes. but for now, simply navigating away from the article/post and back in, that should update it.
AVGO is not quite oversold yet. It could be a trading opportunity if it reaches oversold levels. take a look at the attached.
Hi Sam,
More a general question regarding vertical call spreads. Is there a % of max spread value threshold you personally use when deciding whether it’s worth holding the spread longer vs. taking profits?
Yes and no. It really depends on the situations. if we’re trying to hold the spread to expiration, then no. But in other cases where we’re trading in and out, we might want to do that at like 70%. IF we have a $10 spread trading at $7.00, we might trade out. Notice that at $7.00, there’s still 50% potential upside. The problem is that much of that depends on reaching options expiration
What type of situations would it be smart / desired to hold until expiration? I know we might be interested in holding the NVDA 125-140 spreads due to the position being very safe, but I’m wondering if you have some list of criteria that would give you confidence in holding for that long?
Sam – thoughts on AMZN call? Almost oversold on the hourly?
Amazon did look good earlier today. But just not quite oversold enough for us to trade on it.
I did very well with the RXRX trade taken Friday morning: 53% and 198%. I sold the last half this morning near peak. Very cool, I love spreads.
May I suggest another play for Baratheon : WMT earning. It went up 5/5 on the last 5 earnings within a week or so. They will report earnings (December sales) tomorrow after hours I think. It went down this morning I think because of profit taking (it was oversold on daily). I would go with a 103-105 spread. Let me know what you think.
So we don’t play earnings generally because it’s just a coin flip. When we buy, it’s because stocks are oversold and have a high probability of rebounding. With earnings, you’re just kinda rolling the dice that earnings comes in as expected and that the stock reacts well. That’s true even for companies that do consistently well on earnings like WMT.
There will be reports where it goes poorly. So we generally steer clear of earnings. If we’re holding a position already, then we’ll go through earnings as long as we have the situation hedged like we did with Apple.
But I wouldn’t start a new position with a stop heading into earnings.
All right, earnings = nono.
hi Sam, any concern with the google call?
Not really. Google is on its 4th oversold. We should get a strong rebound soon.
AMZN is at 28 on the hourly RSI would you consider this a good opportunity to start a position?
It was an opportunity, just a risky one as it’s not oversold enough. Amazon does bounce often off of oversold, but we generally reserve trades for situations where there have been multiple touch downs into oversold OR where a stock is deeply oversold.
thank you very much
Time for some NVDA diving, weeeeeeeeeeee 🙂 ! Thanks Sam.
It’s been in a steady falling wedge. it’ll see an explosive rebound really soon. We’ll sell on that rebound. We’ll try to cut our losses to around -$300. IF we get that, it’s a good end results relative to all of our most recent trades. So that’s the goal right now for cutting. We’re waiting on falling wedge short-term rally.