third coast.. said:

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i think it was just lagging because i tried to check it a moment ago and it allowed me in.

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I was reading through the thread on the goals of a few that were centered on trying to keep up with the acronyms, abbreviations, terminology, etc and we've all been there at one time or another. It can be overwhelming especially when we get all get amped up to get rolling and want to participate in the action. I'm sure and hope everyone at any level is still learning and sharpening as they go.

For me I learned I had to step back, slow down and make sure I first had a decent understanding and recognition for the technical reading of candles, volumes and patterns. Charts if you will. Once I began to 'see' without overthinking it the rest became a little more clear. Each day and week even more clear. Then a little confidence began to build and understanding started to take root. Enter options possibilities now. Once I had a better understanding of a stocks support levels, resistance levels, volume impacts, etc it helped me to recognize how the underlying stocks movement impacted the options prices. Probably because I could now move onto step 2 to absorb new information without trying to drink through a fire hose.

I made a lot of mistakes early on getting into things I didn't fully understand. Promised myself never again. There's a lot of money to be made and protected with just the basics like position sizing, risk vs reward understanding, stops and targets, buying and selling shares and selling covered calls on stocks you own to either reduce cost basis or get a nice return. Trading options and all the spread strategies can and will come. I'm a big believer in using all the tools and strategies available to us but have learned the hard way not until I first had a handle on the basics. Patience was the hardest part for me and still is.

third coast.. said:

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Yea I thought level 3 would get me there but it obviously doesn't. I'll call Monday and try and get it done. I could only activate options on 2 of our 4 accounts right now though, as I can buy and sell on the 2 accounts in my wife's name, but can't authorize options, so thats something else to talk to them about. This week selling puts and covered calls clicks and just seems like a no brainer.

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Seems like a no brainer until the CCs that you sell go for 10 baggers. (I'm looking at you MGNI, and almost MARA)

30 posts on New Year's Eve / early New Years morning...you guys know the markets aren't open today right?

gougler08 said:

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30 posts on New Year's Eve / early New Years morning...you guys know the markets aren't open today right?

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This is pretty much the only board/thread I go to on TexAgs anymore so I enjoy the sharing of stuff on here.

Happy. New Year guys

Actually, I haven't posted on there since my last ban in early December. It's not fun anymore. I've pretty much just stay in here and the tears thread.

Yep, covered calls aren't risky but it'll familiarize you with options and how they move. Experience and practice is the best way to learn. The strategies will become easier the more you follow them.

That and this thread will help out in anyway we can.

Happy 2021 Traders

As I continue preparations for the seminar I went back and read through this thread. I couldn't help but note that some of the page 1 posters are nowhere to be seen anymore.

It still amazes me how the word "predict" was inaccurately assigned to the entire process espoused as professional trading.

To kick off 2021 let's make sure all the newer followers of this thread get it straight. What a professional trader does is use all of the tools available to make a "calculated" decision to place ones Capital at risk.

Those tools include technical analysis, sector analysis, company success on paper (quarterly reports, 10ks, etc filings), outlook, potential based on everything from early adopter new sector, not yet understood or potential considered (bitcoin anyone - I stated early on I didn't understand bitcoin but ultimately recognized the potential), knowledge from speaking to competitors and insiders of targeted stocks and government applications.

There is more but you get the idea. It's a time consuming, exhaustive approach but the result is that nearly every single stock posted as a "mass accumulation" trade became huge winners. These aren't day traders, swing trades, short term trades, etc. These were decisions to accumulate massive number of shares based on all of the hard work above.

Now, does that mean that within these selected MA stocks opportunities to swing trade, short term trade and all the other trades don't exist? Of course they do! And because you are investing significant capital into these names you learn them like your children. That gives you a high confidence to use that EARNED knowledge to swim with the biggest fish.

So let's end the ignorant takes that "no one can predict the markets". No one claimed they could. Yet one can make educated calculated trades that have extremely high percentages of success; sometimes to such a level that it might APPEAR that they are able to predict a stock or macro market.

Then we have shorter term trades and those are going to be primarily options based trades. These are based primarily on stock study, historical applications of cyclical sectors, technical analysis, VOLUME, events, etc.

Options are calculated (again not predictions) entries with calculated targets and disciplined stops. Just as markets are fluid (unpredictable - hope this makes some happy) the entries obviously have locked in capital, so the upside target and stop are more fluid (although for smaller equity building traders the stops need to be less fluid and followed more closely).

I'm not taking the time for now to mention all of the various options strategies and how they reduce risk on initiating and managing mass accumulation stocks.

Here's to an even bigger 2021!

oldarmy1 said:

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Happy 2021 Traders

As I continue preparations for the seminar I went back and read through this thread. I couldn't help but note that some of the page 1 posters are nowhere to be seen anymore.

It still amazes me how the word "predict" was inaccurately assigned to the entire process espoused as professional trading.

To kick off 2021 let's make sure all the newer followers of this thread get it straight. What a professional trader does is use all of the tools available to make a "calculated" decision to place ones Capital at risk.

Those tools include technical analysis, sector analysis, company success on paper (quarterly reports, 10ks, etc filings), outlook, potential based on everything from early adopter new sector, not yet understood or potential considered (bitcoin anyone - I stated early on I didn't understand bitcoin but ultimately recognized the potential), knowledge from speaking to competitors and insiders of targeted stocks and government applications.

There is more but you get the idea. It's a time consuming, exhaustive approach but the result is that nearly every single stock posted as a "mass accumulation" trade became huge winners. These aren't day traders, swing trades, short term trades, etc. These were decisions to accumulate massive number of shares based on all of the hard work above.

Now, does that mean that within these selected MA stocks opportunities to swing trade, short term trade and all the other trades don't exist? Of course they do! And because you are investing significant capital into these names you learn them like your children. That gives you a high confidence to use that EARNED knowledge to swim with the biggest fish.

So let's end the ignorant takes that "no one can predict the markets". No one claimed they could. Yet one can make educated calculated trades that have extremely high percentages of success; sometimes to such a level that it might APPEAR that they are able to predict a stock or macro market.

Then we have shorter term trades and those are going to be primarily options based trades. These are based primarily on stock study, historical applications of cyclical sectors, technical analysis, VOLUME, events, etc.

Options are calculated (again not predictions) entries with calculated targets and disciplined stops. Just as markets are fluid (unpredictable - hope this makes some happy) the entries obviously have locked in capital, so the upside target and stop are more fluid (although for smaller equity building traders the stops need to be less fluid and followed more closely).

I'm not taking the time for now to mention all of the various options strategies and how they reduce risk on initiating and managing mass accumulation stocks.

Here's to an even bigger 2021!

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You got me all fired up!!! Let's go!!!

oldarmy1 said:

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Happy 2021 Traders

As I continue preparations for the seminar I went back and read through this thread. I couldn't help but note that some of the page 1 posters are nowhere to be seen anymore.

It still amazes me how the word "predict" was inaccurately assigned to the entire process espoused as professional trading.

To kick off 2021 let's make sure all the newer followers of this thread get it straight. What a professional trader does is use all of the tools available to make a "calculated" decision to place ones Capital at risk.

Those tools include technical analysis, sector analysis, company success on paper (quarterly reports, 10ks, etc filings), outlook, potential based on everything from early adopter new sector, not yet understood or potential considered (bitcoin anyone - I stated early on I didn't understand bitcoin but ultimately recognized the potential), knowledge from speaking to competitors and insiders of targeted stocks and government applications.

There is more but you get the idea. It's a time consuming, exhaustive approach but the result is that nearly every single stock posted as a "mass accumulation" trade became huge winners. These aren't day traders, swing trades, short term trades, etc. These were decisions to accumulate massive number of shares based on all of the hard work above.

Now, does that mean that within these selected MA stocks opportunities to swing trade, short term trade and all the other trades don't exist? Of course they do! And because you are investing significant capital into these names you learn them like your children. That gives you a high confidence to use that EARNED knowledge to swim with the biggest fish.

So let's end the ignorant takes that "no one can predict the markets". No one claimed they could. Yet one can make educated calculated trades that have extremely high percentages of success; sometimes to such a level that it might APPEAR that they are able to predict a stock or macro market.

Then we have shorter term trades and those are going to be primarily options based trades. These are based primarily on stock study, historical applications of cyclical sectors, technical analysis, VOLUME, events, etc.

Options are calculated (again not predictions) entries with calculated targets and disciplined stops. Just as markets are fluid (unpredictable - hope this makes some happy) the entries obviously have locked in capital, so the upside target and stop are more fluid (although for smaller equity building traders the stops need to be less fluid and followed more closely).

I'm not taking the time for now to mention all of the various options strategies and how they reduce risk on initiating and managing mass accumulation stocks.

Here's to an even bigger 2021!

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Love it! This made me want to run through a financial brick wall in 2021!