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24,757,320 Views | 233448 Replies | Last: 59 min ago by El_duderino
$30,000 Millionaire
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6:27p, 7/2/21
AG
Here's what bear daddy thinks.

You don’t trade for money, you trade for freedom.
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HoustonAg2014
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In reply to RenoAg • 6:46p, 7/2/21
AG
RenoAg said:
That has to be an error. I'm guessing that someone input an extra 0. 150 should be 15. Not aware of anyone suggesting a 150 price target.


It is not a typo. Not sure who knows what or why but that analyst has had that out there for at least 3 months. If that happens I don't think anyone here will ever have to wonder where the tailgates are cause this group will have the tailgate market covered
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spud1910
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In reply to FJ43 • 6:48p, 7/2/21
AG
Great work! I appreciate you posting what you are doing, as well as the results.
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leoj
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6:50p, 7/2/21
AG
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McInnis 03
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6:51p, 7/2/21
AG
Leoj beat me
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Triple_Bagger
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In reply to FTAG 2000 • 7:04p, 7/2/21
AG 2000' said:
Tomas Hermensa said:
austinAG90 said:
FJ43 said:
AG 2000' said:
ASAN CEO was at it again today on the close.
I'm riding my to zero. 2 weeks left on those 7/16 puts.
I'm with you - **** that guy !!!!

What strike are y'all at for 7/16? $55? I have an affinity for cheap OTM lottos.
.

60s here
7/16 C60s here
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98PercenterAg
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7:09p, 7/2/21
AG
This week chewed me up and spit me out
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bmoochie
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In reply to Bob Knights Paper Hands • 7:17p, 7/2/21
AG
Tomas Hermensa said:
austinAG90 said:
FJ43 said:
AG 2000' said:
ASAN CEO was at it again today on the close.
I'm riding my to zero. 2 weeks left on those 7/16 puts.
I'm with you - **** that guy !!!!

What strike are y'all at for 7/16? $55? I have an affinity for cheap OTM lottos.


I have July 55s and August 45s. I think I'm going to roll the aug ones to $50 due to the massive movement still. I have enough to roll and not spend more money. It's just insane movement.
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$30,000 Millionaire
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7:19p, 7/2/21
AG
Interesting.


You don’t trade for money, you trade for freedom.
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cisgenderedAggie
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In reply to $30,000 Millionaire • 7:30p, 7/2/21
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bmoochie
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In reply to $30,000 Millionaire • 7:52p, 7/2/21
AG
$30,000 Millionaire said:
Interesting.





So small sell off in the next month or so then Februaryish 2022 max pain sell off?
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$30,000 Millionaire
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8:04p, 7/2/21
AG
No, there is some type of downward pressure afterwards about 2/3 of the time.
You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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8:04p, 7/2/21
AG
2018 was the taper tantrum by the way.
You don’t trade for money, you trade for freedom.
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98PercenterAg
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8:08p, 7/2/21
AG
Does anyone have a script for ATR in trading view?
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slacker00
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In reply to 98PercenterAg • 8:18p, 7/2/21
AG
search "Average True Range Channels"
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98PercenterAg
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In reply to slacker00 • 8:23p, 7/2/21
AG
Found it. Thanks!
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CopperBadger
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In reply to 98PercenterAg • 8:24p, 7/2/21
AG
It's listed as "KC Channels" then in the settings you can choose avg. true range and the multiplier.
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FJ43
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In reply to 98PercenterAg • 8:29p, 7/2/21
98PercenterAg said:
Does anyone have a script for ATR in trading view?
Will look like this on upper left of screen. Mine are the bottom 3 (added individually) and you can modify in settings the periods and colors.

Oh and that's SPY today saying hello to +3


Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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ProgN
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In reply to 98PercenterAg • 9:36p, 7/2/21
98PercenterAg said:
This week chewed me up and spit me out
Every trader has been there and if you meet one that says they haven't, they're lying. Long weekends aren't as fun when that happens. My best advice is don't dwell on it, regroup, refresh and focus on next week.
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10:20p, 7/2/21
HoustonAg2014
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In reply to $30,000 Millionaire • 10:26p, 7/2/21
AG
$30,000 Millionaire said:
Bob09 said:
So maybe I'm not understanding this completely, but the WWR Nov 5p are currently $1.35. If I was to sell a put I would be given $135. If left in my account plus the additional $365 necessary to purchase the 100 shares, should I be assigned that would have essentially gotten me the shares at $3.65? And if they're not assigned then I would get to keep the $135? I'm ignoring commissions or fees with this question. Thanks in advance.


Yes


I have introduced this concept to my friend and new business parter and he was stunned. Learning how to sell calls and sell puts is eye opening.

His dad leaned a simple lesson on selling calls and has made 10% in a week. Did it as a test on RIG. He is in love. I told him volatility is a hard sword to lay on but great when it is working. Turned $400k into $440k in a week and now has a taste of covered calls. I refuse to teach people anything but covered calls and cash covered puts (selling puts)
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OutlawAG04
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In reply to FJ43 • 10:31p, 7/2/21
Much appreciated FJ! Got this fixed on my trading view and helps a lot! Does anyone know why when I save the layout on my desktop that the settings on my mobile app won't show?

Started app again and everything works now
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$30,000 Millionaire
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In reply to HoustonAg2014 • 10:48p, 7/2/21
AG
Word of caution and preface. I love to help people be financially successful. I'm not OA, but I can mentor up to an intermediate trader. You will find people who don't want to put the time in, don't want to learn, just want you to tell them what to trade, and will be pissy if they ever have a losing trade.

Very few will put the real time in: waking up at 4 to check futures, looking at hundreds of charts for setups, developing a trading plan, monitoring the market all day long, learning new tactics every day.
You don’t trade for money, you trade for freedom.
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11:15p, 7/2/21
HoustonAg2014
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In reply to $30,000 Millionaire • 12:02a, 7/3/21
AG
$30,000 Millionaire said:
Word of caution and preface. I love to help people be financially successful. I'm not OA, but I can mentor up to an intermediate trader. You will find people who don't want to put the time in, don't want to learn, just want you to tell them what to trade, and will be pissy if they ever have a losing trade.

Very few will put the real time in: waking up at 4 to check futures, looking at hundreds of charts for setups, developing a trading plan, monitoring the market all day long, learning new tactics every day.


$30,000 Millionaire said:
Word of caution and preface. I love to help people be financially successful. I'm not OA, but I can mentor up to an intermediate trader. You will find people who don't want to put the time in, don't want to learn, just want you to tell them what to trade, and will be pissy if they ever have a losing trade.

Very few will put the real time in: waking up at 4 to check futures, looking at hundreds of charts for setups, developing a trading plan, monitoring the market all day long, learning new tactics every day.


1000% agree. How I describe it is a limit order to buy and limit order to sell.

If you can grasp that concept then you can sell calls and sell cash covered puts. I don't go beyond that because even if I was fully liscensed I wouldn't have people taking educated guesses on stocks.

I can ask "are you ok with buying at X price?" Or "are you ok with selling at this price?"

That's how I teach.
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frankm01
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In reply to HoustonAg2014 • 12:08a, 7/3/21
Aggiesincebirth said:
$30,000 Millionaire said:
Bob09 said:
So maybe I'm not understanding this completely, but the WWR Nov 5p are currently $1.35. If I was to sell a put I would be given $135. If left in my account plus the additional $365 necessary to purchase the 100 shares, should I be assigned that would have essentially gotten me the shares at $3.65? And if they're not assigned then I would get to keep the $135? I'm ignoring commissions or fees with this question. Thanks in advance.


Yes


I have introduced this concept to my friend and new business parter and he was stunned. Learning how to sell calls and sell puts is eye opening.

His dad leaned a simple lesson on selling calls and has made 10% in a week. Did it as a test on RIG. He is in love. I told him volatility is a hard sword to lay on but great when it is working. Turned $400k into $440k in a week and now has a taste of covered calls. I refuse to teach people anything but covered calls and cash covered puts (selling puts)
I understood covered calls pretty quickly and have done well with them....matter of fact I sold my first CC exactly a year ago thanks to the explanations by the people on this board. I go a little further OTM than some others might go, so my premiums are less, but it still is pretty cool renting out some of my stocks.

Problem is I could never wrap this old brain around the "put" side of trading. No matter how many times people explained it, I just couldn't get the logic. Last week, someone (I think 30K) said that WWR Nov puts seemed like easy money. That, coupled with everyone else's explanation, a light bulb finally went off. I realize the risks, but if I could get premiums and the possibility of owning a stock I probably want anyway, this is another good tool to have.

Would not have been possible without the great people of this board. You guys are awesome.

By the way, I hope everyone has a great and safe 4th of July weekend. Mrs frankm01 and I are taking our yearly trip to visit family in New York (Long Island specifically). For the 2nd year in a row (and since I am retired) we decided to drive again. We'll leave Texas on Tuesday and God willing, get there on Thursday.

Have a great weekend and God Bless you all and God Bless the USA!
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98PercenterAg
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In reply to ProgN • 12:41a, 7/3/21
AG
Prognightmare said:
98PercenterAg said:
This week chewed me up and spit me out
Every trader has been there and if you meet one that says they haven't, they're lying. Long weekends aren't as fun when that happens. My best advice is don't dwell on it, regroup, refresh and focus on next week.
Consider your advice taken (and much appreciated) Prog. Time to enjoy the long weekend with friends and go to the TexAgs moon on Tuesday.
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1:09a, 7/3/21
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FJ43
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In reply to ProgN • 7:18a, 7/3/21
Prognightmare said:
98PercenterAg said:
This week chewed me up and spit me out
Every trader has been there and if you meet one that says they haven't, they're lying. Long weekends aren't as fun when that happens. My best advice is don't dwell on it, regroup, refresh and focus on next week.
Well said Prog. I've been there and not just once. So true long weekends aren't as fun ending in that note if you take this seriously.

I headed into the weekend angry with having to wait to be Josey Wales until Tuesday. My little test really made me mad at myself for taking steps backwards and my primary accounts were meh while the markets made new ATH.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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FJ43
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In reply to $30,000 Millionaire • 7:18a, 7/3/21
$30,000 Millionaire said:
Word of caution and preface. I love to help people be financially successful. I'm not OA, but I can mentor up to an intermediate trader. You will find people who don't want to put the time in, don't want to learn, just want you to tell them what to trade, and will be pissy if they ever have a losing trade.

Very few will put the real time in: waking up at 4 to check futures, looking at hundreds of charts for setups, developing a trading plan, monitoring the market all day long, learning new tactics every day.
So true.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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McInnis 03
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In reply to McInnis 03 • 8:24a, 7/3/21
AG
McInnis 03 said:
low volume meltup friday theme again?


Didn't believe in yourself did you
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FJ43
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9:05a, 7/3/21
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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Bob Knights Paper Hands
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9:09a, 7/3/21
Just a reminder to everyone... be patient and wait for volume and your levels to confirm a dip, drop, or pullback. Most think it'll happen but don't rush in now only to see this melt up a few more weeks and when the dip happens you minimize your profit.
-Experience
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LOYAL AG
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9:20a, 7/3/21
AG
A quick glance at volume on the weekly S&P shows that this week was the 5th lowest volume week since August. Kinda typical of holiday weeks. I think we see some early green Tuesday then a pullback as volume returns. Had I been at the computer Friday afternoon I'd have bought Puts on probably a couple of things. Not ready to think through the next couple of weeks yet. I'll do that tomorrow or Monday.

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