$CoreWeave, Inc.(CRWV)$ What an incredible day. Congrats to the bulls who hung in there. I'm looking at 75 for some profit taking, and I may leave a small position open for 85+.
$CoreWeave, Inc.(CRWV)$ I'm loaded with a full position now. A massive bounce is likely incoming. I did something similar here about 3 months ago and locked in an 18.5% gain in one day. Time to do it again. Thank you sellers... I've been dreaming about another opportunity like this.
$CoreWeave, Inc.(CRWV)$ Believe it or not, I flipped Coreweave more than 30 times today, totaling over 45,000 shares. It worked out really well. I would pick up 1,500 shares at a time, grab $0.45, and get out, over and over again. It felt like walking into Vegas and being comped like a whale.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ For a true basing action, there needs to be a gap up and a strong move forward. If that doesn't happen, chances are the lows aren't in yet. Still waiting patiently.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ MU dropped 6.74 points, or 5.3%, overnight, reclaimed VWAP again and rallied to 124.48 as SKHY and DRAM also got back to VWAP. But now SKHY and DRAM are back near the lows of the day, and MU/SNDK are back below VWAP, so the momentum is still negative. It gets a bit annoying when every few months the shorts declare the memory cycle has peaked, and then all the chip companies report record earnings. Rinse and repeat.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ SOXS is one of those leveraged ETFs that tends to work against people who hold it too long. The structure itself is built to decay over time, with daily resets and negative roll yield eating away at value. The reverse splits aren't random, they are a direct result of how these funds are designed. The green moves are usually temporary. These products bleed value over time, which makes put options an interesting way to play their structural weaknesses rather than trying to time the bounces perfectly. A lot of retail traders get drawn into these setups and end up stuck on the wrong side when the floor drops out.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I think there's still more upside left. My average is 125.50, and I'm taking half off right here. Plan is to move it into staples. Good luck to everyone trading this one.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ STO 1 Nov 6 120p @ 4.30. That's a much higher strike than I would normally go with, but I have a large position in SOXL, so I can take the risk. Either way, I come out ahead.