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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What do you think of META right now?
Was just looking at it. Will be posting on it today.
Thank you!!
There’s some action on MSFT.
Classic. MSFT announces quantum development. Quantum stocks go up 10%, MSFT doesn’t move much
The market gods heard you lol.
Haha, it’s about time. Looking forward to dumping this.
Hi Sam,
do we only get trade alerts from the App? I didn’t get an alert on the daily briefing
So with Push notifications and have to go through extra steps, we’re no longer going to be publishing separate posts for trades. It takes too long to execute and it’s also causes the post archive to become disorganized.
We’re looking into sending e-mail through a different system.
We’re going to be closing our Google position in Baratheon today. Probably very shortly here.
Please see 2:47 PM update on Microsoft’s QC announcement.
Some weeks ago, Sam, you mentioned about $APP, it is going ballistic since last 2 earnings. Would we be adding them into our portfolio anytime? If yes, what confirmation are we looking for?
I’ve been watching it. It’s annoying. So AAP is a high momentum stock. The idea would be to play the momentum stocks during intermediate-term rallies in Baratheon.
We wouldn’t invest in those stocks in the longer-term portfolios. we just have a different strategy in mind with the LT Portfolios.
But what we want to do is trade momentum stocks during confirmed intermediate-term rallies.
The problem is we’ve been in a corrective period which makes momentum trading kinda dangerous.
Our momentum trade watch list includes:
AAP, TWLO, MSTR, RDDT, PLTR, NFLX and QC group (IONQ, QUBT, QBTS, QMCO, and RGTI).
With those stocks, we wouldn’t trade options. It would be the stocks themselves. Except perhaps Netflix. With Netflix we’d trade spreads.
We haven’t modified that list yet. We will once we’re in a confirmed new intermediate-term rally.
Once the rally starts, our strategy will have to shift because we won’t get a lot of oversold set-ups anymore. So we’ll chase momentum for alpha and then once we near the end of the period (trading day 70-100) we’ll first get defensive and then move back to the contrarian trade.
We’ll so do the contrarian trade (oversold bounce trade) during segmented rally pull-backs.
How about entering AAP here with a stop-loss?
Edit: + What was the reason it fell so sharply on Feb 18?
PLTR looks very juicy…
Even better now,,, hourly RSI is at 23 right now..
PLTR will open below 30-RSI
@Sam thanks for the WMT lesson, it tanked this morning in earnings. But it may open an opportunity for a bounce if it’s oversold?
NVDA not wanting to pull back at all. Do you anticipate a dip still prior to earnings? Whats the lowest do you realistically think it might go? I know its hard to predict
I yolo’d and bought a call at 138$ yesterday, seems it just doesn’t want to go down much before earnings. Hard to imagine it won’t hit 145$ before earnings. If it does pull back a lot i’ll just buy more and bring down my average cost.
I’m really feeling the FOMO at not having gone in at $113 :'(
Yeah that sucks, i bought some for Baratheon when it was ~122$ and then panic sold for a small loss lol. Still holding in Targaryen though. But as Sam said today, I’m sure there will plenty of buying opportunities to come ..