All around flat day, well except for meme stocks. AMC almost doubled. Yes, it is pretty insane. Yes, I want to short it. No, I wont short it. The rise of the meme stocks has really been the center piece for 2021 so far. Everyone is talking about it, the CNBC seems to be in a constant cycle of talking about them, and yet I find myself unwilling to put more than a couple hundred dollars on calls every once and an while.
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My portfolio is actually down for the week so far, but we had a good week last week. Mostly pretty flat. All the indices are making very small gains daily. I believe that most markets are awaiting the jobless claims.
Most economists expect to see that new jobless claims fell below 400,000 for the first time since the start of the pandemic in the U.S., bringing new filings within striking distance of their pre-pandemic weekly rate. New claims were averaging just over 200,000 per week throughout 2019.
I didn't add any new alerts today. I'll be adding more tomorrow, but I still have 13 alerts active waiting for the trigger not including my crypto trading. I am still doing the BTC trading bot and will update the YouTube video series when a trade does trigger.
My FB put either needs to be rolled or take profit when it jumps at open today. FB is currently trading down 0.4% in the PM and this contract will go up once open bell hits. I still believe in this position, however it needs more time.
Waiting for set ups to trigger on the following before entering options:
Patience for a good entry is key.
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