sweetandsour wrote: 03 Mar 2025, 18:19
The market doesn't like politics, uncertainty, nor tariffs. I should have seen this coming. And a few other things, as well.
Edit: I hope to be better prepared for the next big dip like today. I needed more funds in my play account in order to do what I really wanted to do.
I got clobbered silly this week. With careful trading, it is not certain that my trading account will break even this year.
I was up 30% YTD, just two weeks ago. Now I am down 40%. "Battered and bruised" doesn't quite cover the situation.
sweetandsour wrote: 03 Mar 2025, 18:19
The market doesn't like politics, uncertainty, nor tariffs. I should have seen this coming. And a few other things, as well.
Edit: I hope to be better prepared for the next big dip like today. I needed more funds in my play account in order to do what I really wanted to do.
I got clobbered silly this week. With careful trading, it is not certain that my trading account will break even this year.
I was up 30% YTD, just two weeks ago. Now I am down 40%. "Battered and bruised" doesn't quite cover the situation.
I'm down by ~$800 last I looked. I have decisions to make wrt the ET stock I was planning to sell covered calls with.
The Indians will not bother you now, on account of ... you are touched.
sweetandsour wrote: 03 Mar 2025, 18:19
The market doesn't like politics, uncertainty, nor tariffs. I should have seen this coming. And a few other things, as well.
Edit: I hope to be better prepared for the next big dip like today. I needed more funds in my play account in order to do what I really wanted to do.
I got clobbered silly this week. With careful trading, it is not certain that my trading account will break even this year.
I was up 30% YTD, just two weeks ago. Now I am down 40%. "Battered and bruised" doesn't quite cover the situation.
I'm down by ~$800 last I looked. I have decisions to make wrt the ET stock I was planning to sell covered calls with.
I'm down $38,000 since President's Day. Nearly 60% from my high.
I got clobbered silly this week. With careful trading, it is not certain that my trading account will break even this year.
I was up 30% YTD, just two weeks ago. Now I am down 40%. "Battered and bruised" doesn't quite cover the situation.
I'm down by ~$800 last I looked. I have decisions to make wrt the ET stock I was planning to sell covered calls with.
I'm down $38,000 since President's Day. Nearly 60% from my high.
Busted condors.
Wow. I've been buying the dips and selling the peaks with NVDA without get my hand slapped for day trading. Yesterday I sold what I had at 118, and today it dropped back down to 110 (again), but today I played golf and just let the market alone. Right now I have no idea what's going on, and the market doesn't either. "Trade policy fatigue", "tariff whiplash", whatever you want to call it, it's madness.
The Indians will not bother you now, on account of ... you are touched.
sweetandsour wrote: 06 Mar 2025, 15:50
Wow. I've been buying the dips and selling the peaks with NVDA without get my hand slapped for day trading. Yesterday I sold what I had at 118, and today it dropped back down to 110 (again), but today I played golf and just let the market alone. Right now I have no idea what's going on, and the market doesn't either. "Trade policy fatigue", "tariff whiplash", whatever you want to call it, it's madness.
SP500 is down 6.65% from its recent high close on Feb 19 (after Presidents' Day).
It seems quite dramatic.... but there's an old market bromide: The Index can pull back as much as 4% to 7% at any time during a healthy bull market.
We really haven't broken out of normal behavior yet.
sweetandsour wrote: 06 Mar 2025, 15:50
Wow. I've been buying the dips and selling the peaks with NVDA without get my hand slapped for day trading. Yesterday I sold what I had at 118, and today it dropped back down to 110 (again), but today I played golf and just let the market alone. Right now I have no idea what's going on, and the market doesn't either. "Trade policy fatigue", "tariff whiplash", whatever you want to call it, it's madness.
SP500 is down 6.65% from its recent high close on Feb 19 (after Presidents' Day).
It seems quite dramatic.... but there's an old market bromide: The Index can pull back as much as 4% to 7% at any time during a healthy bull market.
We really haven't broken out of normal behavior yet.
CNN Fear and Greed Index this morning shows "Extreme Fear". Meanwhile I was thinking of buying more ET if the price gets below 17. The dividend pays about 0.32 per quarter. But the option prices aren't too attractive.
sweetandsour wrote: 10 Mar 2025, 08:54
CNN Fear and Greed Index this morning shows "Extreme Fear". Meanwhile I was thinking of buying more ET if the price gets below 17. The dividend pays about 0.32 per quarter. But the option prices aren't too attractive.
EXTREME FEAR is a good time to snarf up some bargains. The fundamentals of American economy are quite strong, so this panic won't last long.
Energy stocks like ET are great for safe haven, buy-&-hold, dividends.
Not a lot of volatility, so not a great candidate for options and leverage.
So you'll make money on monthly dividends rather than selling covered calls. Definitely a suitable position for a guy who doesn't want to watch the market all the time. That's most people.
Looks like ET pays 7.5% in dividend yield. Cost is just 13.5 x earnings (compare 28.8 average PE multiple forSP50). And energy looks to be a growth sector under Trump.
Buy it and forget about it!
