A little investment fun

[IGBT]

 
At the present, I like NKTR.  My source of divergence, on RSI and chart price shows a buy.

Yeah, last week in my IRA I bought 1000 shares of NKTR for $36 and sold a weekly covered call for that Friday (Nov 9) for $2.10.  So a net of $33.90 a share.  Friday it expired worthless because NKTR dropped to the $34 area but today NKTR recovered and I sold the stock for $37.

$3000 gain in one week.   In my IRA though not in RobinHood

I will likely buy back in to NKTR if it goes below $35 again.

 

[Goshawk]

Stock market gambling should be the only legal gambling. Have seen my relatives blow away too much casino money or poker money.


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[squire]

My favorite is selling covered calls on TNA, been doing it for 10yrs. Nice steady come.

 

[ckelly78z]

If you could have free trading, that would encourage more people to dip their toes into the market. At an investment class a few years back, we were given $10,000 (in theory) to invest in whatever we wanted for the duration oif the semester long class. I watched the Wall Street Journal "percentage gainers" daily, and jumped on whatever was showing well the previous day. I ended the class 3 months later with a theoretical $26,000 (doubling whatever anyone else in the class was able to do), if I had a little bit of money, and time !

 

[SLB_SA]

How long did you hold these "percentage gainers" before you sold them?

 

[ckelly78z]

I would hold a stock for a few days is what I remember. I had maybe 10-15 transactions throughout the class, while many others only had 2-3. Maybe I was more into the spirit of the competition than others were.

Many times, these stocks were riding a cresting wave of record earnings, or new business developments, or newly aquired contracts, and leveled off after the initial enthusiasm.

 

[SLB_SA]

I would hold a stock for a few days is what I remember. I had maybe 10-15 transactions throughout the class, while many others only had 2-3. Maybe I was more into the spirit of the competition than others were.

Many times, these stocks were riding a cresting wave of record earnings, or new business developments, or newly aquired contracts, and leveled off after the initial enthusiasm.

Your investment idea seems reasonable.  When a person owns stocks, s/he has to be ready for good days and bad days.  So far, today is a terrible day for stocks.  If this keeps up, I'll probably lose (on paper) what is a lot of money to me today.  

 

[ckelly78z]

My 401K has gained/lost 10s of thousands $$ over the last few months, but I am in the highest yielding Fidelity fund that they manage (still up 12.9% this year ). Stay the course for the long run, and play short term with expendable money. Unfortunately, I can't touch that fund for another 5 years.

 

[Goshawk]

My 401K has gained/lost 10s of thousands $$ over the last few months, but I am in the highest yielding Fidelity fund that they manage (still up 12.9% this year ). Stay the course for the long run, and play short term with expendable money. Unfortunately, I can't touch that fund for another 5 years.

Is it up 12% for the first month of the year ? And then all neutral for the rest. ?


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[wayne49]

My favorite is selling covered calls on TNA, been doing it for 10yrs. Nice steady come.

Covered calls on a triple leveraged derivative?
IWM (the base for TNA/TZA) I can see. I have done covered calls on SPY, GLD, IWM, QQQ.
I would not lock in a 3X ETF for any duration.
Covered calls are only sure things in FED induced bull markets.

 

[ckelly78z]

Is it up 12% for the first month of the year ?  And then all neutral for the rest. ?


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Pretty much, alot of up/down activity, but still positive for the year when most other funds aren't.

 

[squire]

Covered calls on a triple leveraged derivative?
IWM (the base for TNA/TZA) I can see. I have done covered calls on SPY, GLD, IWM, QQQ.
I would not lock in a 3X ETF for any duration.
Covered calls are only sure things in FED induced bull markets.

I like the 3x leverage of TNA. I sometimes "sell to open" and "buy to close" 2 or 3 times in a week. I do best in a volatile neutral market. I have killed the market averages for years.

 

[IGBT]

Broke the $6400 mark.

Why is that number significant?  Well, it represents the amount you would need to have at the end of year two to be on your way to turning $2500 into $250,000 in 10 years.   Being that it has only been 5 months since I started this project, I am well ahead of schedule.

End of year three is a 60% gain on $6400, or $10,240

Honestly I haven't spent a lot of time on it in the past few weeks (which is why no update) and I am all cash right now except for the few free stocks.  Totally dodged the market decline of the past few days.  One lucky s.o.b.

 

[gojo]

With these lows, I'll be loading up on some long term dividend stocks. Just bot a few shares of SPH, will be averaging down, till the RSI start showing strength. 
Getting ready for the road. I can't decide on a class c or travel trailer. 

 

[bullfrog]

Motor homes need to be driven on a regular basis. Trailers can sit for longer periods of time with much less maintenance. Most Class C motor homes have tanks mounted low in the back and have little ground clearance. Trailers are difficult to turn around. Since both have some limitations on where you can go it just depends on whether or not you move once a week or once a month in my opinion. It would help us dummies if you define you abbreviations don't you know.

 

[gojo]

Relative Strength Index (RSI)  Shows how strongly a stock is moving in its current direction.

Stock Ticker Symbol  (SPH)  Suburban Propane Partners, LP

Last statement was what my intentions are, NOT for RV discussions 
and this isn't the appropriate thread.

 

[gojo]

The S&P 500 is down 20.60% from its high. Hope all the  retirees with  IRA accounts is holding on. It will get better. Here is where I got out on the chart and I'll show why I did.
The straight red line is where I went to cash. The divergence shows weakening on the indicators while the S&P 500 is still going up.

At the present I'm averaging down on some long term dividend stocks. 
StockChart.com has a chart school. 
It will explain divergences.

 

[squire]

My portfolio is down but I had OK cashflow in December.

 

[ckelly78z]

A down market is a good time to buy new, and hold onto your current stocks. It seems to be following a 1.5 year cyclic trend to drop dramatically, and strongly rebound to a new high a year later.

 

[IGBT]

I am down a bit from my highs.  I wanted to post about it because I seem to only be posting positive results

Currently at $6052.  I was at $6614 last week but bought 95 shares of Celgene at $65.75 and now it is $60.

I am still holding it but that is a painful drop.   I guess the whole market has been in some pain though.