do buy writes or put credit spreads. much easier to win that way.McInnis 03 said:Love the determination, hate the P/L story.Bosco said:
Welp, I lost 75% of the amount I had allocated for options trading.
I'm going to stick with this and do some paper trading for a while until I get my head around the technical side.
Thanks manRanger222 said:
none or very little. It's weird as I feel like this story has snuck up on a lot of people, more so than our A&M/SEC bubble. I think many had the same reaction of "yeah, ok whatever" and not realize how far along the process actually was to the point that its a done deal. I think once tu/OU officially cut ties to Big 12 and the SEC vote is not long after, then it will be more of a realization
YES. I write furious notes down after every win/loss and that was next on my "to learn" list!$30,000 Millionaire said:do buy writes or put credit spreads. much easier to win that way.McInnis 03 said:Love the determination, hate the P/L story.Bosco said:
Welp, I lost 75% of the amount I had allocated for options trading.
I'm going to stick with this and do some paper trading for a while until I get my head around the technical side.
Family, especially new arrivals, is the reason to follow the market daily. You may not realize it at the time, but you do subconsciously learn something everyday. You'll be able to share that with your children in a way, and age, that will have a dramatic impact on their lives. You'll be able to guide them to avoid mistakes you've made and introduce something to them at a younger age than 90% of kids in their age group. My son will know how to trade by the time he's 12. Keep learning the trade, everyday makes you better.OutlawAG04 said:
Some solid plays on this board this week and a lot of selfless help by many I consider mentors on here. I had more time to sit back and read in the hospital. Trading for freedom is the truth and I'm so thankful everyone here tries to push us all to be better.
High on life with our 3rd kiddo enjoy your down time and let's get after it for next week!
Side note- Very light trading for me being at the hospital but still squeezed 1.5% realized gains to the portfolio. I'll take it!
Bosco said:
So let me ask this....I have seen a stock just completely battered after a very positive earnings report, I assume this is a "rug pull" to punish those that were gambling on earnings. Then it stays down for a few days before it rockets up.
Would it be a good idea to watch for these "earnings rug pulls" and then buy weekly calls on the dip assuming a positive report?
This was true until this week. Almost every company gapped up after earnings this week. IMO earnings are a lotto play. Never put in more than you're willing to lose on earnings reports. And it doesn't always bounce back after a sell off (ie $MU).Bosco said:
So let me ask this....I have seen a stock just completely battered after a very positive earnings report, I assume this is a "rug pull" to punish those that were gambling on earnings. Then it stays down for a few days before it rockets up.
Would it be a good idea to watch for these "earnings rug pulls" and then buy weekly calls on the dip assuming a positive report?
Just don't freak out when you teach your kid something - even over and over and over and over again - and they still make the mistake.Prognightmare said:Family, especially new arrivals, is the reason to follow the market daily. You may not realize it at the time, but you do subconsciously learn something everyday. You'll be able to share that with your children in a way, and age, that will have a dramatic impact on their lives. You'll be able to guide them to avoid mistakes you've made and introduce something to them at a younger age than 90% of kids in their age group. My son will know how to trade by the time he's 12. Keep learning the trade, everyday makes you better.OutlawAG04 said:
Some solid plays on this board this week and a lot of selfless help by many I consider mentors on here. I had more time to sit back and read in the hospital. Trading for freedom is the truth and I'm so thankful everyone here tries to push us all to be better.
High on life with our 3rd kiddo enjoy your down time and let's get after it for next week!
Side note- Very light trading for me being at the hospital but still squeezed 1.5% realized gains to the portfolio. I'll take it!
Prognightmare said:Family, especially new arrivals, is the reason to follow the market daily. You may not realize it at the time, but you do subconsciously learn something everyday. You'll be able to share that with your children in a way, and age, that will have a dramatic impact on their lives. You'll be able to guide them to avoid mistakes you've made and introduce something to them at a younger age than 90% of kids in their age group. My son will know how to trade by the time he's 12. Keep learning the trade, everyday makes you better.OutlawAG04 said:
Some solid plays on this board this week and a lot of selfless help by many I consider mentors on here. I had more time to sit back and read in the hospital. Trading for freedom is the truth and I'm so thankful everyone here tries to push us all to be better.
High on life with our 3rd kiddo enjoy your down time and let's get after it for next week!
Side note- Very light trading for me being at the hospital but still squeezed 1.5% realized gains to the portfolio. I'll take it!
OutlawAG04 said:
Speaking of WWR- have no idea who these guys are I simply float around looking for news. Both of these guys constantly talk about the downside, dilution, lack of leadership, etc related to WWR.
Check out CapitalPainz on StockTwits: http://www.stocktwits.com/CapitalPainz
https://stocktwits.com/Harmonica/message/359111242
OA mentioned further downside could be on the horizon and to keep some powder available.
I'm long WWR and it is one of my larger MA holdings. The share dilution is always concerning but others might be able to chime in.
Decay said:Just don't freak out when you teach your kid something - even over and over and over and over again - and they still make the mistake.Prognightmare said:Family, especially new arrivals, is the reason to follow the market daily. You may not realize it at the time, but you do subconsciously learn something everyday. You'll be able to share that with your children in a way, and age, that will have a dramatic impact on their lives. You'll be able to guide them to avoid mistakes you've made and introduce something to them at a younger age than 90% of kids in their age group. My son will know how to trade by the time he's 12. Keep learning the trade, everyday makes you better.OutlawAG04 said:
Some solid plays on this board this week and a lot of selfless help by many I consider mentors on here. I had more time to sit back and read in the hospital. Trading for freedom is the truth and I'm so thankful everyone here tries to push us all to be better.
High on life with our 3rd kiddo enjoy your down time and let's get after it for next week!
Side note- Very light trading for me being at the hospital but still squeezed 1.5% realized gains to the portfolio. I'll take it!
Kids are... quite the experience.
$30,000 Millionaire said:
I'm looking at GOOGL and MSFT being over +3 ATR and I'm like...hmmm.
Call credit spreads probably the way to play.
OutlawAG04 said:$30,000 Millionaire said:
I'm looking at GOOGL and MSFT being over +3 ATR and I'm like...hmmm.
Call credit spreads probably the way to play.
30k- still playing credit spreads pretty small on my end until I get more comfortable, but what type of risk/reward are you typically looking for. 8/20 or later $10 strike wide on MSFT? Are you trying to stay close to ATM or have a minimum of 5-10% OTM?
Your ATR set up has been a huge help in hunting for spreads. Thank you!
$30,000 Millionaire said:
I'm looking at GOOGL and MSFT being over +3 ATR and I'm like...hmmm.
Call credit spreads probably the way to play.
$30,000 Millionaire said:
Flat or down. Put debit spread requires down
