oldarmy1 said:

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ASAN $38.60 wow

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glad I bit on this one

rtpAggie said:

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Fireman said:

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Ranger222 said:

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For you penny stock sickos that want a cheap trade....look at SYN. +30% today and I think going to get back to 1.12 for a quick trade. Just a trade -- know nothing about this company LT

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Ranger - you hangin in there on this one, or is it time to pull the rip cord? Thanks!

I went pretty small, so I'm gonna probably give it another day or two.

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good luck getting him to answer.


this may come off as whining but oh well. He started that twitter account and posts plays...but he is very unclear about exit strategy and he will just ignore questions. Even if you follow up.

its his prerogative and hes not charging anyone so he can do what he wants.

just a warning to anyone looking to follow his plays. Just know you are going to be told to buy and nothing else.

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I'm sorry that is the way you feel, but I have a full time job running a research lab. This is fun and a hobby. I am not running a service. I stopped calling out specific calls/strikes/dates because I did feel like it was not right for people that tried to follow along as I did not have the time to constantly watch/update or I would forget to send a tweet out if I managed a position. For the past couple weeks I have only tried to talk about charts/trends I like to get around this issue.

As far as ignoring questions....I rarely get any replies to my tweets. If I get a reply I do my best to answer. The last reply I have gotten was 5 days ago on that account and before that 25 days ago...so not many questions being sent to that account, if any.

Just trying to share ideas....its your own responsibility to manage the trade and everyone has different strategies. My strategies are a lot different than the ones posted on this thread....that's because I have a plan that works for me and may not work for you. This thread/community has grown so large and I just can't keep up, and why I don't post much. I am not OA or trying to be a mini OA...I just like bouncing ideas off others and having a discussion group rather than doing this alone. The twitter handle is a quick way to disseminate information without logging into here. Its purpose is not for people to directly follow my trades....

C'mon man, take responsibility for your own trading. These guys are giving out picks to help....it's not their job to hold anyone's hand or reply back to every stranger asking for advice. When you start paying for their service, then you can complain. Otherwise, it comes across as ungrateful whining. Take what they give (or don't), but don't run them off by complaining.

rtpAggie said:

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Fireman said:

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Ranger222 said:

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For you penny stock sickos that want a cheap trade....look at SYN. +30% today and I think going to get back to 1.12 for a quick trade. Just a trade -- know nothing about this company LT

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Ranger - you hangin in there on this one, or is it time to pull the rip cord? Thanks!

I went pretty small, so I'm gonna probably give it another day or two.

---

good luck getting him to answer.


this may come off as whining but oh well. He started that twitter account and posts plays...but he is very unclear about exit strategy and he will just ignore questions. Even if you follow up.

its his prerogative and hes not charging anyone so he can do what he wants.

just a warning to anyone looking to follow his plays. Just know you are going to be told to buy and nothing else.

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I'll try to explain it as best I can but others may chime in and correct me.

First, if you make any plays you must be ready to adjust your game as you go along.
I rarely buy one option. I almost always buy in 2s

Sticking with calls but the inverse applies to Puts

So say you buy 10 options at .10 ($100)
and the price rises to .25 ($250)
I will sell half of the options ($125)
Giving me 5 options at no cost and a slight profit.

If you hear Net Free this is what people are referring to.

If the stock skyrockets in the time frame you can make profit off of the options you have left.

Say in the same scenario above the stock price drops more.
You have a few strategies there or combinations.
Depending on how close you are to expiration you can either Average down.
That means buy more options to bring your average price lower
or rolling the options to the next expiration.

With COTY myself
when it dropped this week
I jumped into 10 Jan 15 7.5C at .05 - sold half this morning at .15 so I have 5 net free
Rolled 75% of my Jan 15 8C to Jan 22 8C
I'm still sitting on some Jan 15 8C avgd at .04 per <- I consider this a gamble, if it fails I am not concerned

My risk tolerance is to try to lose as little as possible while making any profit I can.
I find myself often selling calls at about 50 - 75% of the peak sell price.
I consider that a win every time.

In most cases you do not want to be holding options very close to the expiration date.
The goal is to sell them prior to expiration even if they are in the money.

Swollen Thumb said:

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C'mon man, take responsibility for your own trading. These guys are giving out picks to help....it's not their job to hold anyone's hand or reply back to every stranger asking for advice. When you start paying for their service, then you can complain. Otherwise, it comes across as ungrateful whining. Take what they give (or don't), but don't run them off by complaining.

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I would take it a step further and thank guys like ranger, OA, and many others that are taking the time to contribute. Sometimes the ideas are spoon fed, which are great, but the fact that so many on here are taking the time to teach is incredible. OAs seminar and the book by Darrell Jobman, teaching us to fish instead of handing us a fish. (I like the free fish also!)

I have posted it before, but I originally started trading in April 2020 with the intention of buying a few solid stocks that were down with some extra cash I had. Now I find myself trading different stocks, working towards net free, selling/buying calls and puts, way more than I imagined doing and it been very fun, but extremely fruitful. I made several mistakes along the way, but am up 125% since April.