FJ43 said:
Position Sizing
Listening to a bot on a feed I have I heard a guy post that he stopped out on his 2 call positions.
He said he had a 4k account and put 2k into each trade.
What do you think happened?
$30,000 Millionaire said:
this chart is not about the amounts but the trends.NRD09 said:$30,000 Millionaire said:
Lol i just formulated my thoughts on this chart and was going to post them as well. I hate this chart. Initially i hated it because i want to see boxes showing 1st and 3rd quartile and whiskers showing range for each time period, but i started looking at it in comparison to spy ytd and realized that the top range of 3% means that the average of 20 years of the same day is pretty close to 0. And we're up almost 15%ytd already. Am i interpreting that right? Or do i need to find a chart of the % difference from the previous day's close for an appropriate comparison?
4K -> 1KFJ43 said:
Position Sizing
Listening to a bot on a feed I have I heard a guy post that he stopped out on his 2 call positions.
He said he had a 4k account and put 2k into each trade.
What do you think happened?
Yep. Almost blew his account up. More or less did.$30,000 Millionaire said:4K -> 1KFJ43 said:
Position Sizing
Listening to a bot on a feed I have I heard a guy post that he stopped out on his 2 call positions.
He said he had a 4k account and put 2k into each trade.
What do you think happened?
Did yall discuss this in the session the other day? I think I missed it. Smart play would have been maybe $200 each?FJ43 said:Yep. Almost blew his account up. More or less did.$30,000 Millionaire said:4K -> 1KFJ43 said:
Position Sizing
Listening to a bot on a feed I have I heard a guy post that he stopped out on his 2 call positions.
He said he had a 4k account and put 2k into each trade.
What do you think happened?
Saddest part is he had so much in 2 trades % wise that he panicked and stopped out. Both those trades reversed intraday. He probably would have made a profit.
What could have happened was not stopping out by panicking with the pressure all in. Instead of about blowing his account up he would most likely made a profit. The reversed intraday and were within SR levels.NRD09 said:
Yeah, but imagine what COULD have happened!?
No I don't think we really covered this topic. It is an important one.ClutchCityAg said:Did yall discuss this in the session the other day? I think I missed it. Smart play would have been maybe $200 each?FJ43 said:Yep. Almost blew his account up. More or less did.$30,000 Millionaire said:4K -> 1KFJ43 said:
Position Sizing
Listening to a bot on a feed I have I heard a guy post that he stopped out on his 2 call positions.
He said he had a 4k account and put 2k into each trade.
What do you think happened?
Saddest part is he had so much in 2 trades % wise that he panicked and stopped out. Both those trades reversed intraday. He probably would have made a profit.
IMO he's good. $270 isn't a stretch given its at 265.79 today.AG 2000' said:
What do people think about Ripster's $270 MSFT call?
Hit all time high so can't look left, but is there more room to run with this? Think it's tied to QQQ making a run for the ATH at this point more than anything.
$30,000 Millionaire said:this chart is not about the amounts but the trends.NRD09 said:$30,000 Millionaire said:
Lol i just formulated my thoughts on this chart and was going to post them as well. I hate this chart. Initially i hated it because i want to see boxes showing 1st and 3rd quartile and whiskers showing range for each time period, but i started looking at it in comparison to spy ytd and realized that the top range of 3% means that the average of 20 years of the same day is pretty close to 0. And we're up almost 15%ytd already. Am i interpreting that right? Or do i need to find a chart of the % difference from the previous day's close for an appropriate comparison?
we should note too that last year's June pullback started June 9th. This year it didn't start until the 17th. Still plenty of time left for blood.$30,000 Millionaire said:this chart is not about the amounts but the trends.NRD09 said:$30,000 Millionaire said:
Lol i just formulated my thoughts on this chart and was going to post them as well. I hate this chart. Initially i hated it because i want to see boxes showing 1st and 3rd quartile and whiskers showing range for each time period, but i started looking at it in comparison to spy ytd and realized that the top range of 3% means that the average of 20 years of the same day is pretty close to 0. And we're up almost 15%ytd already. Am i interpreting that right? Or do i need to find a chart of the % difference from the previous day's close for an appropriate comparison?
$TSLA maybe breaks out tmro, price alerts are set. https://t.co/XrVOi4KQHn
— Ripster (@ripster47) June 22, 2021
more blood in June or early July I think. We haven't even pulled back 2% ? yetFarmer @ Johnsongrass, TX said:
Do you think/believe the pull back ended Friday, June 18th?
I'm replying to your post but not singling you out.AG 2000' said:
What do people think about Ripster's $270 MSFT call?
Hit all time high so can't look left, but is there more room to run with this? Think it's tied to QQQ making a run for the ATH at this point more than anything.
Thanks, I appreciate this and don't take offense to the post. I have been chart / price hunting on stuff that hit 52 week highs for puts with the idea of a pullback.Prognightmare said:I'm replying to your post but not singling you out.AG 2000' said:
What do people think about Ripster's $270 MSFT call?
Hit all time high so can't look left, but is there more room to run with this? Think it's tied to QQQ making a run for the ATH at this point more than anything.
The market has some considerable headwinds in front of it. This is a precarious time where what you've learned becomes extremely valuable. Don't take any post on Twitter, FB, or here for that matter as gospel and go balls deep into a position. Use the tools that you've learned and do your own DD. Use your favorite technical indicators to evaluate the trades you want to make. If a stock/option violates what you have confidence in, don't search for one to reinforce your FOMO, that will lead to costly mistakes. Taking recs from anywhere is great and leads to something you might have missed, but lean on your discipline to shield you from gambling.
Not to bring politics into this, but politics affect the market considerably. The budget, infrastructure and more stimulus, with the Fed acknowledging inflation creates a situation that you don't want to jump into the deep end of the pool when smaller positions will still net you a profit.
Apologies for the diatribe, but I don't want anyone in here to blow up their account, as I have done numerous times over the years. I, we, want everyone in here to prosper and grow their wealth to improve the lives of your families.
I don't usually trade options or MSFT for that matter. That being said, I'd be reluctant to short it or try to time puts at this time because it looks strong according to what I favor. Don't take my opinion either, look at the chart with the criteria that you're comfortable with and make your own decision.AG 2000' said:Thanks, I appreciate this and don't take offense to the post. I have been chart / price hunting on stuff that hit 52 week highs for puts with the idea of a pullback.Prognightmare said:I'm replying to your post but not singling you out.AG 2000' said:
What do people think about Ripster's $270 MSFT call?
Hit all time high so can't look left, but is there more room to run with this? Think it's tied to QQQ making a run for the ATH at this point more than anything.
The market has some considerable headwinds in front of it. This is a precarious time where what you've learned becomes extremely valuable. Don't take any post on Twitter, FB, or here for that matter as gospel and go balls deep into a position. Use the tools that you've learned and do your own DD. Use your favorite technical indicators to evaluate the trades you want to make. If a stock/option violates what you have confidence in, don't search for one to reinforce your FOMO, that will lead to costly mistakes. Taking recs from anywhere is great and leads to something you might have missed, but lean on your discipline to shield you from gambling.
Not to bring politics into this, but politics affect the market considerably. The budget, infrastructure and more stimulus, with the Fed acknowledging inflation creates a situation that you don't want to jump into the deep end of the pool when smaller positions will still net you a profit.
Apologies for the diatribe, but I don't want anyone in here to blow up their account, as I have done numerous times over the years. I, we, want everyone in here to prosper and grow their wealth to improve the lives of your families.
I was literally about to hit buy on puts for MSFT earlier when he came out with the $270 calls. And he knows a hell of a lot more about trading, etc. than I do, so it made me step back (and make the post).
What am I missing? What am I not accounting for? Is it simply he's bull biased like I have been, but am pushing myself to consider the other direction? Or something else.
Fairfield_Ag said:
Are we still riding the 7/16 $135 APPL calls? What was the target exit again?
$30,000 Millionaire said:
Aye. But didn't post. Got out at 219.50. Easy 30%
FJ43 said:$TSLA maybe breaks out tmro, price alerts are set. https://t.co/XrVOi4KQHn
— Ripster (@ripster47) June 22, 2021
