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UntossableSaladTV t1_j6j0d6t wrote

Reply to comment by livelearnplay in Solid Monday! by livelearnplay

It says removed

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livelearnplay OP t1_j6j1gg6 wrote

Oh wow this sub really doesn’t want people to make money

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Conscious_Wolf t1_j6j6sd1 wrote

There was some talk about this last week here: https://www.reddit.com/r/wallstreetbets/comments/10i4sjj/carvanacvna_at_what_price_point_do_you_become

I got in when people started posting that they were auctioning off their inventory to dealers: https://www.reddit.com/r/wallstreetbets/comments/zo902s/carvana_has_started_liquidation_process_selling/

Thanks to LittleBullBoy pointing out that insiders buying a ton (over $600millon worth) of shares: http://openinsider.com/screener?s=CVNA&o=&pl=&ph=&ll=&lh=&fd=0&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=&vh=&ocl=&och=&sic1=-1&sicl=100&sich=9999&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=100&page=1

Then finally: Sum of price of cars (assets) >> sum of expenses over 2-3 quarters (aka, they ain't going bankrupt soon). Coupled with the SI %s, then you can see it makes a good short term bet.

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livelearnplay OP t1_j6jcava wrote

That’s too much I’m more of a technical and price action trader, I rarely look at the fundamentals when trading. I called out on Sunday the technical outbreak today.

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Conscious_Wolf t1_j6jeuep wrote

More than one way to skin a cat... I mean,.... make money :)

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bleakj t1_j6ka76z wrote

I gotta say, skinning cats has yet to make me any money

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livelearnplay OP t1_j6kblfy wrote

https://preview.redd.it/jgeu5pqlxafa1.png?width=750&format=png&auto=webp&v=enabled&s=e90503e8f9b9976fa2cd19d8a5fa1077a5b4b11c

This is what I wrote on Sunday night.

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UntossableSaladTV t1_j6kj4pf wrote

Still aiming for 11? 👀

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livelearnplay OP t1_j6klpko wrote

I exited all calls at the top today, no open positions, it could continue but based on the pattern it will probably consolidate now if there’s another push coming.

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pw7090 t1_j6nvgvg wrote

So you bought calls on Friday, took profit, and then rebought calls on Monday and took profit again?

Couldn't you just have held through to your thesis?

How do you distinguish between successfully day trading the peaks and troughs and just getting lucky multiple times on a run up?

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