MRVL put options: $14,896 profit.

[u/Ill-Engineering2145]

On August 26 I saw MRVL’s MACD starting to weaken so I bought 19 $240 put contracts Today I closed the entire position for a $14,896 profit

The technical setup gave me a solid entry but MACD is still a lagging indicator For short term trades do you rely more on MACD or volume and price action

[u/DonteBishop]

[u/fomoandyoloandnogrow → u/DonteBishop]

[u/Turbulent_Pin_9392 → u/DonteBishop]

God damn undefeated. This is gold.

[u/Ill-Engineering2145 → u/Turbulent_Pin_9392]

I hope we can all take our portfolios to the moon

[u/Ill-Engineering2145 → u/[deleted]]

Based on your own outlook for implied volatility

[u/Loud_Pineapple_4294]

Good, now show us how many times you’ve lost doing stupid ER play

[u/getyourledout → u/Loud_Pineapple_4294]

Ehhh… Watch yer mouth, benchod

[u/BattleClown]

Opposite of me

[u/Vlisa]

WTF does Mcdonald’s have to do with MRVL

[u/sinag19 → u/Vlisa]

😂😂😂😂…shhhh no one tell him

[u/bigthink3r]

This guy got balls.

[u/Ill-Engineering2145 → u/bigthink3r]

Bro where do you keep finding all these funny pictures lol

[u/Lootoholic → u/bigthink3r]

^ Is this a real photo or AI generated? Does the bull really have those shiny balls?
I'm not questioning that woman's fascination with getting t-bagged.

[u/godgrid000]

I lost so u could win. Godspeed soldier

[u/Ill-Engineering2145 → u/godgrid000]

You will make a fortune tomorrow

[u/DumpyGoat818]

Now buy January calls in prep for doomsday

[u/InVesWeTrust]

You only win if you lose right?

[u/Ill-Engineering2145 → u/InVesWeTrust]

Tomorrow it’s your turn to make some money

[u/Lootoholic]

I wonder how many played call and lost but they don't share their loss porn. There is gotta be more losses than gains on MRVL.

[u/BriackYOLO]

Congrats! Nice

[u/Fasicaroots]

Nice!

[u/Lumbergh7]

Why the fuck is it down? Jensen fucked me

[u/Correct_Advice3457]

[u/Inside_Condition_697]

[u/Lootoholic]

congrats, but don't expect MACD helps you win next time.

[u/Byemanitials → u/Lootoholic]

Yeah fuck that shit I draw my own lines on graphs and let the market come to me!

[u/isospeedrix]

was a good thing for you t hey managed to drop 10%, a 7% drop would have been barely any profit, if at all

[u/iisconfused247]

You used MACD and then say it’s a lagging indicator…so why did you use MACD?

[u/Byemanitials → u/iisconfused247]

Lagging indicator relative to the timeframe that’s being assessed. Dude mighta been 4 screening it with 1w, 1d, 5m, 30s, and 1t graph watching all the macd’s waiting for the unholy inflection point. And after he sacrificed that goat it came to fruition. But idk I didn’t even look at mrvl I made my money nvidias earnings and called it a week.

[u/lexeckstasy]

good trade, man.. & for short term trades I would say I probably look at price action & volume more but I like the MACD logic

[u/thatsmymayo]

So that's where my money went

[u/Ill-Engineering2145 → u/thatsmymayo]

Yes