And they had a dang good day today on an otherwise red day.Farmer @ Johnsongrass, TX said:Hedging their huge mountain of cash position appears to be the PSA.FAT SEXY said:
Do you have any clue why a company like them would drop 51 million on Gold bars?
Also, said they are considering crypto too and would report if they buy/hedge.
$SPX 4340 tomorrow sounds right. Welcome it ❤️
— Benkiller♤ (@SpyHatesMe) August 18, 2021
S&P500 sell is not over. Now 4390.
— emini tic (@TicTocTick) August 18, 2021
Market has found out there is no President of the USA 🇺🇸 right now but a demented shell struggling to walk on his two legs, wipe his own ass.
Stand aside and stand by.
This was trailer , movie is yet to begin. #ES_F $SPX $NDX $SPY pic.twitter.com/ZRj5VdmzCX
Pairs trade update:$SPY 19NOV21 377P = $4.38$VIX 17NOV21 25C = $3.9
— Theta Warrior (@ThetaWarrior) August 18, 2021
1 Day Gain: $3.68M
**Trade is still open** https://t.co/EPVr1MBKg7
gougler08 said:
Damn I go away for 30 min and everything goes to ****
Hmm.sts7049 said:Pairs trade update:$SPY 19NOV21 377P = $4.38$VIX 17NOV21 25C = $3.9
— Theta Warrior (@ThetaWarrior) August 18, 2021
1 Day Gain: $3.68M
**Trade is still open** https://t.co/EPVr1MBKg7
Looks like the Twitterstazi deleted this tweet.BREwmaster said:S&P500 sell is not over. Now 4390.
— emini tic (@TicTocTick) August 18, 2021
Market has found out there is no President of the USA 🇺🇸 right now but a demented shell struggling to walk on his two legs, wipe his own ass.
Stand aside and stand by.
This was trailer , movie is yet to begin. #ES_F $SPX $NDX $SPY pic.twitter.com/ZRj5VdmzCX
LOL, well said... but could she eat a popsicle or something? that would make my day better
I am close to joining you.zwhag2010 said:
I think I'm done with buying options for a while. Puts, I fail at miserably (looking at you SPY). Calls, flash for 10 minutes or so and then go the opposite way. If I hold them thru the ebbs and flows it never recovers. Of I sell for a loss it explodes over at least an entire day.
I don't have immediate access to my phone so alerts and watching it are difficult. It's hard to chart with family obligations. A pause and reset will stop the bleeding on the options front. My only options at the moment AAPL152.5c Aug 27 (lost over 50% today) and Sept 2c VEON (worthless at the moment)
I know I know... dear diary
Options are dangerous and it's the reason that I very, very seldom rec them on here. They're difficult for experienced traders but they can destroy accounts of people that are less experienced. I've been in the market, both in the industry and personal for almost 30 years and still only rarely utilize them, **** I'M GETTING OLD!.zwhag2010 said:
I think I'm done with buying options for a while. Puts, I fail at miserably (looking at you SPY). Calls, flash for 10 minutes or so and then go the opposite way. If I hold them thru the ebbs and flows it never recovers. Of I sell for a loss it explodes over at least an entire day.
I don't have immediate access to my phone so alerts and watching it are difficult. It's hard to chart with family obligations. A pause and reset will stop the bleeding on the options front. My only options at the moment AAPL152.5c Aug 27 (lost over 50% today) and Sept 2c VEON (worthless at the moment)
I know I know... dear diary
I think my big struggle is when to get out if they swing negative. I'm an optimist by nature and I think "oh, there's still a month left, plenty of time." Then a big move comes while I'm working and it went from a 5% loss to a 50% loss. But again, there's still 3.5 weeks left.Prognightmare said:Options are dangerous and it's the reason that I very, very seldom rec them on here. They're difficult for experienced traders but they can destroy accounts of people that are less experienced. I've been in the market, both in the industry and personal for almost 30 years and still only rarely utilize them, **** I'M GETTING OLD!.zwhag2010 said:
I think I'm done with buying options for a while. Puts, I fail at miserably (looking at you SPY). Calls, flash for 10 minutes or so and then go the opposite way. If I hold them thru the ebbs and flows it never recovers. Of I sell for a loss it explodes over at least an entire day.
I don't have immediate access to my phone so alerts and watching it are difficult. It's hard to chart with family obligations. A pause and reset will stop the bleeding on the options front. My only options at the moment AAPL152.5c Aug 27 (lost over 50% today) and Sept 2c VEON (worthless at the moment)
I know I know... dear diary
Yes, if you're right, then you can knock a trade out of park, and unfortunately that's what most people focus on. However, if you're wrong you will probably lose all the capital you commit to that trade. Then you'll go even harder in the next options trade to make up for the loss. That's when you need to step away because you're no longer trading/investing, you're gambling and that usually ends badly. This is just friendly advice and not criticizing anyone, take this for what it's worth.
I wouldn't recommend short term options if you aren't able to monitor them during market hours. Here are some tips if you still want to play them:zwhag2010 said:
I think I'm done with buying options for a while. Puts, I fail at miserably (looking at you SPY). Calls, flash for 10 minutes or so and then go the opposite way. If I hold them thru the ebbs and flows it never recovers. Of I sell for a loss it explodes over at least an entire day.
I don't have immediate access to my phone so alerts and watching it are difficult. It's hard to chart with family obligations. A pause and reset will stop the bleeding on the options front. My only options at the moment AAPL152.5c Aug 27 (lost over 50% today) and Sept 2c VEON (worthless at the moment)
I know I know... dear diary
Do you read charts? Have you found 3 indicators that are your favorites and apply them to your trades/decisions? If not, find 3 that you prefer and have faith in them and stick to it, it will minimize mistakes. There are so many indicators out there that you can search them to validate why you're holding a trade. It's not much different than statistics. Remember the prof saying that you can use statistics and believe an elephant can hold onto a daisy off a cliff? It's similar. Don't try to master them all. Find the pieces of technical analysis that work for you and apply that to the trades and form your discipline.AG 2000' said:I think my big struggle is when to get out if they swing negative. I'm an optimist by nature and I think "oh, there's still a month left, plenty of time." Then a big move comes while I'm working and it went from a 5% loss to a 50% loss. But again, there's still 3.5 weeks left.Prognightmare said:Options are dangerous and it's the reason that I very, very seldom rec them on here. They're difficult for experienced traders but they can destroy accounts of people that are less experienced. I've been in the market, both in the industry and personal for almost 30 years and still only rarely utilize them, **** I'M GETTING OLD!.zwhag2010 said:
I think I'm done with buying options for a while. Puts, I fail at miserably (looking at you SPY). Calls, flash for 10 minutes or so and then go the opposite way. If I hold them thru the ebbs and flows it never recovers. Of I sell for a loss it explodes over at least an entire day.
I don't have immediate access to my phone so alerts and watching it are difficult. It's hard to chart with family obligations. A pause and reset will stop the bleeding on the options front. My only options at the moment AAPL152.5c Aug 27 (lost over 50% today) and Sept 2c VEON (worthless at the moment)
I know I know... dear diary
Yes, if you're right, then you can knock a trade out of park, and unfortunately that's what most people focus on. However, if you're wrong you will probably lose all the capital you commit to that trade. Then you'll go even harder in the next options trade to make up for the loss. That's when you need to step away because you're no longer trading/investing, you're gambling and that usually ends badly. This is just friendly advice and not criticizing anyone, take this for what it's worth.
Pretty soon it's worthless and I'm kicking myself over it. I know not to set stops on options, just try alerts, but there's gotta be a better strategy that I'm just missing.
I try to only enter near support levels expecting a run up, and go with the trends, but just missing something that's resulting in me handing cash over on these.
Really need a reset and a different perspective on options than what I have because it's by far my biggest loser.
AG 2000' said:I think my big struggle is when to get out if they swing negative. I'm an optimist by nature and I think "oh, there's still a month left, plenty of time." Then a big move comes while I'm working and it went from a 5% loss to a 50% loss. But again, there's still 3.5 weeks left.Prognightmare said:Options are dangerous and it's the reason that I very, very seldom rec them on here. They're difficult for experienced traders but they can destroy accounts of people that are less experienced. I've been in the market, both in the industry and personal for almost 30 years and still only rarely utilize them, **** I'M GETTING OLD!.zwhag2010 said:
I think I'm done with buying options for a while. Puts, I fail at miserably (looking at you SPY). Calls, flash for 10 minutes or so and then go the opposite way. If I hold them thru the ebbs and flows it never recovers. Of I sell for a loss it explodes over at least an entire day.
I don't have immediate access to my phone so alerts and watching it are difficult. It's hard to chart with family obligations. A pause and reset will stop the bleeding on the options front. My only options at the moment AAPL152.5c Aug 27 (lost over 50% today) and Sept 2c VEON (worthless at the moment)
I know I know... dear diary
Yes, if you're right, then you can knock a trade out of park, and unfortunately that's what most people focus on. However, if you're wrong you will probably lose all the capital you commit to that trade. Then you'll go even harder in the next options trade to make up for the loss. That's when you need to step away because you're no longer trading/investing, you're gambling and that usually ends badly. This is just friendly advice and not criticizing anyone, take this for what it's worth.
Pretty soon it's worthless and I'm kicking myself over it. I know not to set stops on options, just try alerts, but there's gotta be a better strategy that I'm just missing.
I try to only enter near support levels expecting a run up, and go with the trends, but just missing something that's resulting in me handing cash over on these.
Really need a reset and a different perspective on options than what I have because it's by far my biggest loser.
I do, but I think I need to cut what I'm looking at and get lean.Prognightmare said:Do you read charts? Have you found 3 indicators that are your favorites and apply them to your trades/decisions? If not, find 3 that you prefer and have faith in them and stick to it, it will minimize mistakes. There are so many indicators out there that you can search them to validate why you're holding a trade. It's not much different than statistics. Remember the prof saying that you can use statistics and believe an elephant can hold onto a daisy off a cliff? It's similar. Don't try to master them all. Find the pieces of technical analysis that work for you and apply that to the trades and form your discipline.AG 2000' said:I think my big struggle is when to get out if they swing negative. I'm an optimist by nature and I think "oh, there's still a month left, plenty of time." Then a big move comes while I'm working and it went from a 5% loss to a 50% loss. But again, there's still 3.5 weeks left.Prognightmare said:Options are dangerous and it's the reason that I very, very seldom rec them on here. They're difficult for experienced traders but they can destroy accounts of people that are less experienced. I've been in the market, both in the industry and personal for almost 30 years and still only rarely utilize them, **** I'M GETTING OLD!.zwhag2010 said:
I think I'm done with buying options for a while. Puts, I fail at miserably (looking at you SPY). Calls, flash for 10 minutes or so and then go the opposite way. If I hold them thru the ebbs and flows it never recovers. Of I sell for a loss it explodes over at least an entire day.
I don't have immediate access to my phone so alerts and watching it are difficult. It's hard to chart with family obligations. A pause and reset will stop the bleeding on the options front. My only options at the moment AAPL152.5c Aug 27 (lost over 50% today) and Sept 2c VEON (worthless at the moment)
I know I know... dear diary
Yes, if you're right, then you can knock a trade out of park, and unfortunately that's what most people focus on. However, if you're wrong you will probably lose all the capital you commit to that trade. Then you'll go even harder in the next options trade to make up for the loss. That's when you need to step away because you're no longer trading/investing, you're gambling and that usually ends badly. This is just friendly advice and not criticizing anyone, take this for what it's worth.
Pretty soon it's worthless and I'm kicking myself over it. I know not to set stops on options, just try alerts, but there's gotta be a better strategy that I'm just missing.
I try to only enter near support levels expecting a run up, and go with the trends, but just missing something that's resulting in me handing cash over on these.
Really need a reset and a different perspective on options than what I have because it's by far my biggest loser.
Well said Prog. A system, whatever it is, followed with consistency and discipline.Prognightmare said:Do you read charts? Have you found 3 indicators that are your favorites and apply them to your trades/decisions? If not, find 3 that you prefer and have faith in them and stick to it, it will minimize mistakes. There are so many indicators out there that you can search them to validate why you're holding a trade. It's not much different than statistics. Remember the prof saying that you can use statistics and believe an elephant can hold onto a daisy off a cliff? It's similar. Don't try to master them all. Find the pieces of technical analysis that work for you and apply that to the trades and form your discipline.AG 2000' said:I think my big struggle is when to get out if they swing negative. I'm an optimist by nature and I think "oh, there's still a month left, plenty of time." Then a big move comes while I'm working and it went from a 5% loss to a 50% loss. But again, there's still 3.5 weeks left.Prognightmare said:Options are dangerous and it's the reason that I very, very seldom rec them on here. They're difficult for experienced traders but they can destroy accounts of people that are less experienced. I've been in the market, both in the industry and personal for almost 30 years and still only rarely utilize them, **** I'M GETTING OLD!.zwhag2010 said:
DI think I'm done with buying options for a while. Puts, I fail at miserably (looking at you SPY). Calls, flash for 10 minutes or so and then go the opposite way. If I hold them thru the ebbs and flows it never recovers. Of I sell for a loss it explodes over at least an entire day.
I don't have immediate access to my phone so alerts and watching it are difficult. It's hard to chart with family obligations. A pause and reset will stop the bleeding on the options front. My only options at the moment AAPL152.5c Aug 27 (lost over 50% today) and Sept 2c VEON (worthless at the moment)
I know I know... dear diary
Yes, if you're right, then you can knock a trade out of park, and unfortunately that's what most people focus on. However, if you're wrong you will probably lose all the capital you commit to that trade. Then you'll go even harder in the next options trade to make up for the loss. That's when you need to step away because you're no longer trading/investing, you're gambling and that usually ends badly. This is just friendly advice and not criticizing anyone, take this for what it's worth.
Pretty soon it's worthless and I'm kicking myself over it. I know not to set stops on options, just try alerts, but there's gotta be a better strategy that I'm just missing.
I try to only enter near support levels expecting a run up, and go with the trends, but just missing something that's resulting in me handing cash over on these.
Really need a reset and a different perspective on options than what I have because it's by far my biggest loser.
Just my thoughts but I think you need to simplify.AG 2000' said:I do, but I think I need to cut what I'm looking at and get lean.Prognightmare said:Do you read charts? Have you found 3 indicators that are your favorites and apply them to your trades/decisions? If not, find 3 that you prefer and have faith in them and stick to it, it will minimize mistakes. There are so many indicators out there that you can search them to validate why you're holding a trade. It's not much different than statistics. Remember the prof saying that you can use statistics and believe an elephant can hold onto a daisy off a cliff? It's similar. Don't try to master them all. Find the pieces of technical analysis that work for you and apply that to the trades and form your discipline.AG 2000' said:I think my big struggle is when to get out if they swing negative. I'm an optimist by nature and I think "oh, there's still a month left, plenty of time." Then a big move comes while I'm working and it went from a 5% loss to a 50% loss. But again, there's still 3.5 weeks left.Prognightmare said:Options are dangerous and it's the reason that I very, very seldom rec them on here. They're difficult for experienced traders but they can destroy accounts of people that are less experienced. I've been in the market, both in the industry and personal for almost 30 years and still only rarely utilize them, **** I'M GETTING OLD!.zwhag2010 said:
OI think I'm done with buying options for a while. Puts, I fail at miserably (looking at you SPY). Calls, flash for 10 minutes or so and then go the opposite way. If I hold them thru the ebbs and flows it never recovers. Of I sell for a loss it explodes over at least an entire day.
I don't have immediate access to my phone so alerts and watching it are difficult. It's hard to chart with family obligations. A pause and reset will stop the bleeding on the options front. My only options at the moment AAPL152.5c Aug 27 (lost over 50% today) and Sept 2c VEON (worthless at the moment)
I know I know... dear diary
Yes, if you're right, then you can knock a trade out of park, and unfortunately that's what most people focus on. However, if you're wrong you will probably lose all the capital you commit to that trade. Then you'll go even harder in the next options trade to make up for the loss. That's when you need to step away because you're no longer trading/investing, you're gambling and that usually ends badly. This is just friendly advice and not criticizing anyone, take this for what it's worth.
Pretty soon it's worthless and I'm kicking myself over it. I know not to set stops on options, just try alerts, but there's gotta be a better strategy that I'm just missing.
I try to only enter near support levels expecting a run up, and go with the trends, but just missing something that's resulting in me handing cash over on these.
Really need a reset and a different perspective on options than what I have because it's by far my biggest loser.
Here's what I have:
Chart 1: ORB + a volume oscillator + Woodie's pivots + EMAs on the 5 minute
Chart 2: Fibonaccis + volume statistics on the one minute + Fib model T highlighted
Chart 3: Fibonaccis + Woodie's pivots + hull MAs on the one minute
Chart 4: ATRs + volume oscillator daily for a year
Chart 5: Support/Resistance + MACD + EMAS on the daily
I see it with the data, but find myself rationalizing (mostly because of the time element) that there's still time for the options. Then you look away and next thing you know you're down 60-70% from the open on an option, and it's either cut it it and save 20-30% of capital or look for a bounce to regain some capital which tends to never happen.
IMO, you're applying too much to justify your decision. No one on this thread has the same technical indicators. Several experienced traders like 30K, Mazag08, and others use different indicators than I do. I respect their opinions, but I apply their picks to the charts with the criteria that I favor. If mine confirm what they're recommending, then it becomes a more conviction buy. My advice is to find 3 that you believe it and stick to them. It will take some homework time on a weekend, but test the ones that make sense to you and go back and apply them to your past trades, it's boring but will confirm or reject what you're seeing.AG 2000' said:I do, but I think I need to cut what I'm looking at and get lean.Prognightmare said:Do you read charts? Have you found 3 indicators that are your favorites and apply them to your trades/decisions? If not, find 3 that you prefer and have faith in them and stick to it, it will minimize mistakes. There are so many indicators out there that you can search them to validate why you're holding a trade. It's not much different than statistics. Remember the prof saying that you can use statistics and believe an elephant can hold onto a daisy off a cliff? It's similar. Don't try to master them all. Find the pieces of technical analysis that work for you and apply that to the trades and form your discipline.AG 2000' said:I think my big struggle is when to get out if they swing negative. I'm an optimist by nature and I think "oh, there's still a month left, plenty of time." Then a big move comes while I'm working and it went from a 5% loss to a 50% loss. But again, there's still 3.5 weeks left.Prognightmare said:Options are dangerous and it's the reason that I very, very seldom rec them on here. They're difficult for experienced traders but they can destroy accounts of people that are less experienced. I've been in the market, both in the industry and personal for almost 30 years and still only rarely utilize them, **** I'M GETTING OLD!.zwhag2010 said:
I think I'm done with buying options for a while. Puts, I fail at miserably (looking at you SPY). Calls, flash for 10 minutes or so and then go the opposite way. If I hold them thru the ebbs and flows it never recovers. Of I sell for a loss it explodes over at least an entire day.
I don't have immediate access to my phone so alerts and watching it are difficult. It's hard to chart with family obligations. A pause and reset will stop the bleeding on the options front. My only options at the moment AAPL152.5c Aug 27 (lost over 50% today) and Sept 2c VEON (worthless at the moment)
I know I know... dear diary
Yes, if you're right, then you can knock a trade out of park, and unfortunately that's what most people focus on. However, if you're wrong you will probably lose all the capital you commit to that trade. Then you'll go even harder in the next options trade to make up for the loss. That's when you need to step away because you're no longer trading/investing, you're gambling and that usually ends badly. This is just friendly advice and not criticizing anyone, take this for what it's worth.
Pretty soon it's worthless and I'm kicking myself over it. I know not to set stops on options, just try alerts, but there's gotta be a better strategy that I'm just missing.
I try to only enter near support levels expecting a run up, and go with the trends, but just missing something that's resulting in me handing cash over on these.
Really need a reset and a different perspective on options than what I have because it's by far my biggest loser.
Here's what I have:
Chart 1: ORB + a volume oscillator + Woodie's pivots + EMAs on the 5 minute
Chart 2: Fibonaccis + volume statistics on the one minute + Fib model T highlighted
Chart 3: Fibonaccis + Woodie's pivots + hull MAs on the one minute
Chart 4: ATRs + volume oscillator daily for a year
Chart 5: Support/Resistance + MACD + EMAS on the daily
I see it with the data, but find myself rationalizing (mostly because of the time element) that there's still time for the options. Then you look away and next thing you know you're down 60-70% from the open on an option, and it's either cut it it and save 20-30% of capital or look for a bounce to regain some capital which tends to never happen.
mazag08 said:
I think we might be looking between SPX 4175 and 4270 with 4200 seeming like a solid landing point.
Prognightmare said:
Options are dangerous and it's the reason that I very, very seldom rec them on here.
I do tell people to lie, exaggerate, on their experience and financials when opening a trading account because it removes restrictions. Firms will limit you based on what the information you provide to protect themselves from being sued should you lose your ass. By doing what I suggest, it removes those barriers. Just because you're approved for complex options, margin and other high risk strategies, you're not required to attempt them. What if your account has several restrictions, but your knowledge and experience in the market grows over time and you're ready to try new things? When you get to that point and see a time sensitive entry point but you can't because you're restricted and have to jump through hoops for approval, then you probably missed that opportunity. Look, I assume everyone on this thread is educated, successful and very intelligent. I'm of the opinion that I don't like a person or firm dictating what I can and can't do with my own money. Just because you can, doesn't mean you're required to do riskier trades, but it's nice to have to ability to do it when you're ready.NRD09 said:Prognightmare said:
Options are dangerous and it's the reason that I very, very seldom rec them on here.
Don't you always tell people to lie about their investing experience when applying for options? I guess if you're gonna go, go big!