Probably going to open at her targets the way this is going futures wise. Likely looking short tomorrow.
Trying to hit home runs all the time is how people blow up accounts...cageybee77 said:
hitting singles is not bad. it does take time and effort.
Hell yeah, love this. Did you read about this or just started giving it a trial run?Ragoo said:
+$2,370 for the week
+$9,800 over the last 3 weeks
All wired out as income.
Only batting about 50% but being diligent to cut losers quick. No real big winners either. Just consistent $200-500 gains.
Probably not for everyone but something I have been doing - I am fully invested with my cash in my trading account. So all of my swing trades are done on margin, being fully invested shows collateral and margin ability to my account. I have been beginning the week with a $0 cash balance. That scarcity has forced a mindset of the quick out on a loser. Before when I was carrying a lot of cash I was letting trades ride hoping they would turn around because they were covered by cash. Already paid for in a sense. Using margin, the laying small, and playing quick has made me more protective against the downside.
Probably a weird mental model but it has been good for me.
singles is tradingIrish 2.0 said:Trying to hit home runs all the time is how people blow up accounts...cageybee77 said:
hitting singles is not bad. it does take time and effort.
Signed,
Someone that has blown up an account in the past
ETA:
Congrats and great work Ragoo!
that's right. Although I've had to sell longer dated calls to cover past transgressions.BREwmaster said:
Love it. and on the "collateral" you're selling covered calls making additional income.
VIX is also up 4% in premarket.McInnis 03 said:
A quick opinion on the macro scheme....Europe is frightening people this morning with the lockdown reports.....and there is a huge, HUGE HUGE expiration on SPX options at the 4700 level this morning that's going to affect delta/gamma going forward. This could create some volatility in the short term. COULD.
It is the disconnect between the tech and conventional. It happened last time there was this big of a disconnect as wellAG 2000' said:VIX is also up 4% in premarket.McInnis 03 said:
A quick opinion on the macro scheme....Europe is frightening people this morning with the lockdown reports.....and there is a huge, HUGE HUGE expiration on SPX options at the 4700 level this morning that's going to affect delta/gamma going forward. This could create some volatility in the short term. COULD.
Pharma is cutthroat and SAVA is in on a possible life changing drug if it gets FDA approval. Hedge funds employed by competing pharma companies are shorting the crap out of sava at times. just gotta ride the waves. SAVA will be big. like post covid moderna big.Bob Knights Liver said:
Decent SAVA volume. Also had decent volume yesterday early. Anybody see any news or is this simply residual buying/selling from Wednesdays selloff?
Spoony Love said:
Stuck my nose in fruit $160C this morning at that slight dip. Left a runner already after a little gain. This thing is crazy lately.
after it takes out 159, 161 is next, then 163. They're keeping it pinned at 159 or lower so far though.Spoony Love said:
Stuck my nose in fruit $160C this morning at that slight dip. Left a runner already after a little gain. This thing is crazy lately.