“The five day forecast, the Dow Jones average, The price of beer, cigarettes, bread, milk and pampers Life is a test and we all got the answers” – Mos Def The hardest trade to make is often the right one. Emotions are the enemy. Be cool when others are panicking. The consensus is usually wrong. […]
First Off, Don’t Panic PLUS Positions: (Energy, China Stock Reviews)
Here is a Part 3 of 3 of the list my latest personal portfolio positions and most of the hedge fund positions with updated commentary and ratings for each position. We will do this week’s Live Q&A chat at 10am ET tomorrow (Friday) in the TWC Chat Room or just email us your question to support@tradingwithcody.com. Stocks […]
Trade Alert: Don’t Panic When Everybody’s Panicking
I know that governments’ actions are almost always incompetent, so I’m not terribly surprised that the government has been totally incompetent in how it has approached the coronavirus breakout, but it is always surprising the ways in which they mess something up. In this case, wouldn’t it have been easier to have started manufacturing testing […]
Trade Alert: Getting a little longer as the market panics
Fear is palpable. Panic is in the air. Stock markets down 10% in a week. Headlines blaring fearful news. Time to nibble. Time to cover some shorts. With the DJIA down another 800 points today as I type this, I’m covering 15-20% of most of my short index hedges across the board. I’m nibbling on […]
Trade Alert: Nibbling, covering and being cool when others panic
Well, we’d spent the last two or three weeks trimming, selling and hedging to try to prepare for the kind of sell-off the markets are now going through. I’m kicking myself for not having pulled more triggers on short ideas with China’s major trading partners, as I’d suggested we look to do as the COVID-19/Novel […]
Trade Alert: Don’t panic into the panic
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, […]
“Panic” in the headlines, probably a good time to start nibbling
“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 […]
Buy panics, trim rallies, keep smiling
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 […]
Subscribers agree: It’s panicky action
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 […]
Trade Alert: Trimming some of our index puts into another panicky open
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 […]
Trade Alert: Selling more puts into the panic
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 […]
Dizzy but cool: Our stocks are up huge so is it time to 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 […]
Trade Alert: Giga nibble (and remembering 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, […]
Buy when there’s panic in the headlines. Sell when there’s euphoria.
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 […]
Trade Alert: Panicky action, buying call options on two stocks
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 […]
Trade Alert: Doing some buying as the bulls panic
I’ve been saying we probably need a down -800 day on the $DJIA to wash out this market. That said, looking at the carnage out there, I sense there’s some panic in the air today already. Finally. Here’s a sampling of random names getting killed this morning: Clearly I should have been just bearish and short […]
Why you shouldn’t panic (yet)
Over the weekend, a Trading With Cody subscriber posted this in the Trading With Cody Chat Room: “Cody, I’m feeling slightly panicked. After becoming TWC subscriber, I learned to ignore the noise outside about correction or big risk. But as you have started mentioning about corporate debt risk, I feel the need to rush out […]
Markets crash but where’s the panic (and other notes)
It’s an ugly market today with the DJIA -400 and high beta stocks like $AMBA Ambarella down 7%. Oil and energy stocks are (of course?) leading the declines as oil itself is down 7% today, taking, for example, coal stocks like Arch Coal $ACI down 25%. For the last year, as oil/energy/commodities have collapsed, I’ve been […]
Trade Alert: Scaling in amidst the panic
Remember just 32 days ago, I wrote this: We have a lot of stocks up big today, which has been a recurring theme for our portfolio during earnings season so far. Many of our biggest positions are at or near all-time highs. If you haven’t done any trimming, consider doing so. Maybe 10-20% of some of […]
Now is a better time to panic if you really want to
Let’s run through a few headlines this morning to get some perspective on the set up in the markets and the economy and what the mainstream media is saying about it all. First, here are the actual headlines from WSJ.com today. This must be the most important business and markets news fit to report today, […]