That ADBE Trade
Lot of the times, all over the internet, I see people talk about a particular trade, but then never mention it again. People doesn't seem to care either, since our attention span is so low! I have talked about an option trade in ADBE on last Monday the 23rd, here is the post I am talking about. I like to post an update on that trade.
As you can see from the two charts, the bullish Oct 18 call vertical (525/550) that I created is currently losing money. The market is slightly up during the last 6 trading days, so ADBE clearly underperformed the market during this time. I said at that time, that the chart looks messy! Well it still looks messy, here is a better view.
Thinkorswim desktop typically have a lot more feature and a cleaner interface. I like today's candle and the oversold stochastic. Let us see what happens in the next couple of days. I will be travelling, so I will have a lot of free time. Yeah, it works the opposite for me. I get a lot more free and personal time when I travel, which is rather nice!
That is the Nasdaq composite index with the box showing the last 6 trading days. However, I am not really worried. I see the 500-506 area to be good support, and ADBE did close up today on average volume. I have till October 18 and a lot can happen during that time. My position is currently down $500 or so, if the support area gets broken during the next few days, I plan on closing the trade at a loss.
Today AAPL broke out from its near term consolidation, that is positive. Full disclosure, I have a lot of AAPL in my portfolio. October is usually a good month for stocks, so let us see how the trade unfolds. Here is that beautiful apple :)
Trading is hard to make money, your Apple 23 year hold that is how you make money. The question is what is the next Apple to buy now...
Yes. AAPL for 23 years and NVDA for 14 or so years made me more money than all other trades combined :)
Classic Buy and Hold strategy :)
Apple got some Excellent news on that new iphone, pretty bullish. do you usually look at the daily chart or weekly when trading options, Right now i am learning on how to use a couple of new indicators and Oscillators, so iam not trading as much as i would like.- my favorite ones are the Supertrend -RSI -MACD
I typically look at daily chart. Mostly just price volume action. Indicators are typically derivative so by definition slower than price.
The only thing I understood with any of that was AAPL. I still remember buying my first two shares of Apple when it was $45 per share or something like that.
LOL! Perhaps that's all that is need. Buy AAPL and forget it. That is infact a good trading strategy.
For sure. After splits those two shares are now something like 116 or so.
Could have bought 100 shares :)
I don't even want to go there... Can't change it now anyway.
Uptober is here! Great month for both traditional and crypto markets. I've been seeing a lot of criticism of Apple lately - mainly they have not been able to innovate since Jobs passed away. The Apple Vision Pro doesn't seem to be a hit either, or at least I haven't heard much after the initial hype. As someone who owns Apple stock and uses Apple products, I wouldn't want this to be the case but curious about your long term view on AAPL?
You see long term is different for different people. I am holding AAPL from year 2001 :) you let that sink in first :)
I have bought-sold traded AAPL many times. These items that you are talking about are short term headwinds. There is still no substitute for iPad and iPhone. As long as that’s the case I don’t see there is anything to worry about.
By the way, I bought my first home in Houston in 2007 December while selling AAPL stock. I was in grad school back then :) Haven’t even started working. Turned out it was a great sale before the downturn.
As Buffet says, find a company you like and buy it for life!
I agree that right now it is difficult to dethrone Apple, especially since they are sitting on so much cash and can push forward on any innovation they would like. I was looking forward to the AVP but when it came out it seemed like the hype died down quickly. My hope is that they are able to create something closer to what Meta is working on quickly.
The Sage of Omaha is usually right (though he had been wrong a few rare occasions).
On a different note, please consider not upvoting my comments. It is a best practice. However, in my case Uwelang and Alexvan will DV those comments around day 5 or 6. It doesn't bother me, but it is a loss of curation return for you. So no need to do it. Feel free to do it for other hivers though as it is a good practice.
Interesting post - not adding any value hence re-distribute from my small stake back to reward pool for better or useful quality content
Appreciated. You can continue to do that without making any comments as I don’t require any explanation. Feel free to use your stake any way you wish.
Just a free business advice as you claim to understand business. If you pursue this way with your stake you are shooting yourself on your own foot. I have shutdown your author earning and your curation earning suffers because downvoting my posts and comments cost you VP. You are mostly running less than 70% VP on your curation which sucks. Please consider delegating your HP to a curation program like OCD, Curangel etc for a better optimized return.
Try to invest wisely otherwise you stake will remain small :)
Appreciate the advise for free - but am not here for business by maximizing curation rewards or whatever (if so i would have already delegated to @acidyo and OCD.
If I delegate I can have no fun wsith my small stake - need to as long as you downvote me and my buddies.
Small advise or hint (thought you know that) - the Hive chain works that way that there are different voting power "pools" (assume you heard about the difference between downvoting and upvoting and its effect to the VP?)
Have a lovely rest of the week!
can you two get on a call and talk things over like grown ups with a beer in your hands? this is becoming a bit cringe
lol, good point - think we tried this earlier (originally had a phase of being friends) but see no option but always open :-) - "cringe" is what my princess always calls me - thx mate, you are right in general"
Agree. Especially this chap like to tag everyone and their mother!
In American there is a phrase which I really like:
Until hell freezes over!
You have a good evening Uwe :)
PS I am glad I am providing fun for ya, not many people in today's world can do that. Time to block you once more :) Cheers!
Not a pure American phrase - we have that over here since ages "Eher friert die Hölle zu"
Up to you - I will not convince you to be nice.(i recall you blocked me tons of times but you still react.