The Stock Market - A daily diary

I am also telling you to study it and research it.  

I am also telling you IF you do buy — to have SELL orders in place as well. 

But yes — I like those for a day-trading opportunity. 

Geez,... I can't agree with you any more, 'Gamble.  I know you posted this a few weeks ago, but it is such an important point.

By and large IMHO, buy and hold investing is a boring game, because you do nothing for long periods of time,...  But Very Profitable over long periods of Time !!  Personally, I have maybe only around 10% of the portfolio invested in individual stocks,  which is what I talk about here from time to time along with my market commentary.   The rest is in low-cost  index funds.

The reason I am going through this is for  'Concavecapital .   The sole purpose of the stock market isn't supposed to "Exciting."  It is to make money and improve your financial well-being.    Being "boring"   can make you make you lots of money over a longer period of time, beating many of the so called experts even in the options markets.    There is ample evidence that shows that people who trade more often do worse than those who don't.  Options market participants fit that to a "T" as people who trade often.  

  I just hate to see people (particularly novices) chased away from the market because they had a bad experience, doing more "gambling" than "investing."  I hope this works out for you 'Concavecapital, but just realize what you are doing faces long odds at being successful over long periods of time.  It's like staying at the Blackjack Table too long,  unless you're one of those individuals that's a card counter that has mastered the art.  'Raiders just might be one of those individuals, but just realize they are few and far between !  Good Luck !! 

Hey 'Artdb... I'm still here.  Hope you and the rest of the gang here had a nice 4th of July!     I was out of town for a few days last week, but I honestly don't know if I would have posted much more.  The market continues to grind ever higher it seems each and every day ; it seems like we're being a broken record on this.  Lol..  But I ain't complaining !  What I do find interesting is that the market "continues" to look past bad news, like the drastic increase in Chinese Virus Cases.  I did see the good jobs number that came out last Thursday (for June), but this is backwards looking, so I find it ironic that the market is cheerleading a good June Jobs report , when for the last couple of weeks we are seeing big spikes in Chinese Virus Cases.  What will this portend in the weeks ahead ?  Well, while I was in Laughlin for a few days last weeks, casinos were open, but the dealers were talking about the casinos closing yet again !  Cases are up there, too ! 
What will this do to the hospitality/casino industry around the country and in LV?  Locally here , we are seeing restaurants banning "dining in" yet again, so no need for waiters/waitresses, and bars are closed completely.    All these things are gonna have negative impacts yet again on the employment numbers for July.  Hospitality/Casino & Restaurant employ tens of thousands of people, and no doubt lots of those individuals came back in June, now to only find themselves being unemployed yet again in July.. 

My take is that we will see rough days again here in our future fairly soon with this pandemic, so keep some dry powder, but stay mostly invested.  The market is doing a horrible job right now of "looking ahead" , so I just don't trust the market continuing to grind higher in the presence of bad Virus news that WILL have impacts on the employment numbers.  Perhaps people are falling into the "bad news is good news" mode again that existed for many years after the financial crisis of '08.  The FED provided that backstop then, and it seems people are looking at the FED again today as their permanent backstop savior in the market.  That mindset is risky though.  IMHO, the FED will step in when the gears of the financial system are at risk of seizing up as they did in financial crisis 1.0, and again just this year.    The sooner we can get the FED out of the markets , the better, because they are distorting market prices for everybody.   But market participants know the FED will be involved in the markets for a lonnnng time with all their bond purchasing, etc.   Be patient, and have some dry powder available...  

Rush.  

All excellent points and should be taken to heart. 

Normally, I would’ve moved on — like with some of the other ‘day trading’ conversations that have been on here.

Absolutely the buy and hold method is the way to go!! Especially, for savings and retirement.  

However, I am a gambler also.  I have been a day trader as well.  I think you can do both.  For the same reasons that you mention above.  The excitement and  adrenaline rush of a nice quick hit.  There are always going to be people that want to also play the five-team parlays, knowing it is a losing proposition, longterm.  

BUT you should never do this at the expense of longterm investing AND saving for retirement!

AND for sure if you do day-trade — then you should ONLY be risking a very small amount.  

As mentioned — with sports betting limited — some folks are looking into day trading that have not before.  

I see no problem with this — if you are going to ‘gamble’.  But if you are going to ‘invest’ — of course this is not the way.  

I HOPE that Concavecapital is already ‘investing’ as well — at work and maybe on his own, etc. 

But if he is ALSO a ‘gambler’ and only using his ‘gambling money’ on this — I see no real big issue with it. 

The other reason I am replying is that I like this particular stock as a chance to ‘gamble’ with — especially during this pandemic.  

This is the exact type of opportunity I like when day trading. Even though I really don’t have the time anymore to do it — this was the sort of thing I would be looking for.  

This is mainly the reason I am interested in seeing him do well. He SHOULD already be UP a good deal on this stock — IF he had his sell orders in place. 

And yes. We have talked about losing money day trading. 

I put several articles and quotes out there early on about how ‘most’ — euphemism for ‘Nearly All’ — day traders are going to lose in the long run.  

But if you are going to gamble at sports — maybe it can be treated like that until sports are back. With LIMITED money. 

Same reason people gamble on sports or play the lottery.  

But it always helps to STUDY the sports and stocks. 

Not too much studying the lottery will help though. 

Haha!  

Concavecapital,

With all of that being said.  Hopefully, you are treating this as ‘play or experiment’ money.  

You still need to be fully investing longterm AT ALL TIMES!

But the more I look at this the more I like it and I may actually get some as well this week.

I don’t know if you like to read or not.  But I am going to post a few links below for you to look at.  I hope they help you:

This one will help you understand the use of charts in day trading

https://www.investopedia.com/articles/active-trading/010116/perfect-moving-averages-

day-trading.asp

This one gives you some insight into day-trading and strategies.

https://www.investopedia.com/articles/

trading/05/011705.asp

This one basically helps you narrow down stocks that are worth day trading.

https://tradingsim.com/blog/7-ways-to-find-the-best-stocks-to-day-trade/

This one is about the guy presenting a case for the stock currently and post-pandemic.

https://www.fool.com/investing/2020/05/15/is-alpha-pro-tech-a-one-time-coronavirus-fad.aspx

In this one the guy breaks down the current state of the stock and what he sees as possible scenarios.  Also, mentions more on the state of the chart.

https://realmoney.thestreet.com/investing/there-s-doubt-now-in-alpha-pro-tech-stock-15359524?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

Cheers 'Raiders !  

Yep, I'm with you at keeping the gambling money limited.  I'm still trying to study those dice at the craps table.  Lol.

And Speaking of some real sports to bet on, it can't come back soon enough !!  

I’ve been betting on sports for ten years.  And I just don’t see me going back to it for years since EVERYTHING has changed.  nothing will be back to normal as far as angles go in my opinion.  just wanted to try something new.  and now it seems I have a shit ton of homework assigned by raiders.  Haha.  Honest to god this is great getting feedback on this board.  this is good news that raiders may take a stab at some $APT.  I’ll check in daily to see if this thing sees a bump. Thanks guys 

Stock market futures are off to the races again, despite continued record cases in Chinese virus cases.  I had thought  a 3 day weekend might give investors some pause in today's reality and economic challenges.   Not a chance in hell !  Lol.  

Okay. Maybe we are going to need more masks and gloves.  We shall see if any of these get triggered:

17 @ .82

17.50 @ .65

18.50 @ .44

19 @ .36

20 @ .26

best of luck.   

In 18.50 @ .44  

sells set at .75 and .22

In 17.50 @ .65  sells set at 1.05 and .40

In 18.50 @ .44   sells set at .75 and .22

In 19 @ .36   sells set at .60 and .20

In 20 @ .26  sells set at .45 and .15

Canceled the 17 order. Didn’t move enough to get there.  

Got some in. Got sell orders in place. 

Got to be at the podium in 20 then Q&A for a while.  So can’t keep an eye on it. 

Good luck if you got back in today. 

Canceled   17 @ .82

15.3%  In 17.50 @ .65  Sold out at .75

-9%   In 18.50 @ .44   Sold out at .4

22.8%   In 19 @ .35   Sold out at .43

-3.8%   In 20 @ .26  Sold out at .25

So was able to get in 4 positions.  Maybe should have set the sell prices a little lower because I was not going to be able to watch all day long.  It looks like I could have got out of the 20s with a slight profit.  

Do not like to hold overnight and these are very short term.  So closed them out in last half hour or so.  

Overall an okay day. Any day in the profit is an okay day.

Was surprised looking back that the stock did not make a better run after lunch.  Early in the morning it looked to be gathering steam and then tapered off fairly quick and never made another big push.  

Will look later tonight and maybe look to try again tomorrow.  

If you got in today let me know how it went for you. 

15 $17.50 calls.  Wanted to put 2.1K worth of calls in but my app kept screwing up so I went in with 15 calls at .96.    So put in about $1457.  $377 loss on the day since price only went to 1.03at it’s peak.  going up and down by a penny every other second for the last six hours.   Talk about Boring.  every day I think this fairytale stock is gonna work.  but there is still zero volume.  i can’t understand this.  this company has ZERO debt and millions in cash and they have to be getting orders out the ass  from hospitals.  

And the other thing I can’t understand.  People are saying in order for $APT to have a great day, the market needs to be in the RED.  how do they correlate each other in your opinion ?   If at all.  Sheeesh.   

Who said that?  I have not heard that and not sure what the correlation would be?

Did you keep your position?  Or did you get out?

17.50  what time did you get those?  You could’ve gotten at a much better price or missed it?

Ok the beta.   It is -.93.  now I guess I understand.   when the market does good ... APT doesn’t ?  I held of course because that’s what this novice does.   maybe just maybe we will get that PUSH every Tom dick and Jane is talking about.   I am watching this every second so if somehow this does get above 18 hopefully I can get out.   good news is the stock didn’t LOSE a point on a Monday like it had been last two weeks where I’m playing catch up the entire week of an already decaying option 

Got in at 8:48 central.  I kept refreshing my app.  Why did it take 18 minutes to open the options ?  They have to fill the orders put in after hours Friday and such ?   

Depending on your platform. Most likely is on a delay quote. Etc. 

Okay. But I would have the sell orders in anyway. 

Put them where you feel comfortable with the risk/profit.  

At any given time if you see a time you want to get out — cancel those orders and put in your market order, if you feel that is best.  Don’t let this trade get away from you!  Time is key here.  But with earnings report coming and news — I look/hope for good volatility these next couple of days!

I would like to know where you are ‘hearing/reading’ that there is an inverse movement with APT and the market?

Someone on stocktwits lol.  Said there’s a negative beta... -.93 for APT

And there is no earnings report coming.  We have another month minimum.   and there hasn’t been any news from their PR which is a massive joke.  why can’t they announce countless new contracts to send this thing zooooming.  Once again I’m gonna watch this every  second tomorrow.  If I see it dance in pennies the whole day . I’m gonna lose it