I'm covering some more shorts selling a few more of our puts into the continued decline in the stock markets today, including 20-50% of my SPY and SMH and IWM shorts and puts. GLUU is being decimated, and I'm covering half of it. I covered a little more VHC too. I'm also buying some Cisco, CSCO, as I think it stands to be the biggest beneficiary of the Huawei ban/not ban. … [Read more...] about Trade Alert: Don’t panic into the panic
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"Panic" is the first word on Marketwatch's headlines. I'm getting texts from old assistants, nephews, friends and other people joking or not joking about whether this is a crash. Well, the Nasdaq is now down nearly 25% from its highs of just 90 days ago, almost in a straight line. That's crash-ish. One thing to remember (and something I'm writing up in longer form right … [Read more...] about “Panic” in the headlines, probably a good time to start nibbling
Stocks bounced pretty strongly off their morning lows, with the Nasdaq leading the way, up more than 2% off the morning's bottom. The markets won't make it easy on the bulls or the bears. Expect more volatility. Be careful. Don't chase. Buy panics. Trim and add hedges on rallies. We'll talk more about what's next for the markets, the economy and anything else you want to hit … [Read more...] about Buy panics, trim rallies, keep smiling
Here's the transcript to this week's Live Q&A Chat. I'll be around tomorrow if the markets get crushed again. Q. Good morning Cody, how do you view the year end? There is a lot of negative headlines around and our tech stocks being beaten to death. A. In August, I wrote "Feet-to-fire (F2F) guess ("feet on fire," as you put it, is what I'd call it when the markets have … [Read more...] about Subscribers agree: It’s panicky action
Stocks crushed again this morning. Here's what I'm going to do. With the Nasdaq down another 2.5% this morning, I'm going to sell about 1/3 of my SPY and QQQ puts. And that's it for now. Lots of great Q&A from our live chat this morning including these two: Q. I remember Cisco in 2001 and 2002 and it just sat there for years. Is the potential for that to happen to AMZN … [Read more...] about Trade Alert: Trimming some of our index puts into another panicky open
Just a handful of weeks ago, which now seems like a lifetime ago, do you remember all the daytraders and momentum lovers all highfiving and joking about all the money they were making? I wrote about it thusly: Highflying stocks: Nemesis for the hubristic coming sooner rather than later August 24, 2018 by Cody Willard I have a few thoughts about the markets … [Read more...] about Trade Alert: Selling more puts into the panic
Join me at 2pm ET today for this week’s Live Q&A Chat. Visit the Trading With Cody Chat room on the Trading With Cody iPhone app, the Trading WithCody Android app or in the online Chat Room. If you can't make the chat today, but you have a question about any stock or the markets or the economy or anything else you want to ask me, just email us … [Read more...] about Dizzy but cool: Our stocks are up huge so is it time to panic?
I don't think "greed" is running rampant amongst investors and traders just now, but certainly there's a lot of complacency out there. I just want you all to think about how many different geopolitical, economic, war-escalating, Black Swan and otherwise scary things can and will be impacting yours and the markets' psychology, emotional state and, most importantly, asset … [Read more...] about Trade Alert: Giga nibble (and remembering panic)
Join me right now for this week’s Live Q&A Chat at 2pm ET today at http://twc.scutify.com/members, on the TWC App, or just hit reply to this email and send in your question. Aren't you glad we didn't panic back in the February panicky sell-offs? Remember those quotes from Jesse Livermore about how he's always made his biggest money by sitting. That has been a good … [Read more...] about Buy when there’s panic in the headlines. Sell when there’s euphoria.
Okay, I'm sensing some panic into the close here and I'm going to take a shot at nibbling at some longs here. I'm buying some Amazon call options, dated out to May with $540 or $545 or so strikes on them. And I'm buying some Netflix call options dated out to June with some $95 or maybe some $100 strike prices. I'm not committing much capital to this trade, just taking the … [Read more...] about Trade Alert: Panicky action, buying call options on two stocks