Farmer @ Johnsongrass, TX said:

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FAT SEXY said:

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Do you have any clue why a company like them would drop 51 million on Gold bars?

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Hedging their huge mountain of cash position appears to be the PSA.

Also, said they are considering crypto too and would report if they buy/hedge.

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$SPX 4340 tomorrow sounds right. Welcome it ❤️

— Benkiller♤ (@SpyHatesMe) August 18, 2021

Pairs trade update:$SPY 19NOV21 377P = $4.38$VIX 17NOV21 25C = $3.9

1 Day Gain: $3.68M

**Trade is still open** https://t.co/EPVr1MBKg7

— Theta Warrior (@ThetaWarrior) August 18, 2021

gougler08 said:

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Damn I go away for 30 min and everything goes to ****

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sts7049 said:

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Pairs trade update:$SPY 19NOV21 377P = $4.38$VIX 17NOV21 25C = $3.9

1 Day Gain: $3.68M

**Trade is still open** https://t.co/EPVr1MBKg7

— Theta Warrior (@ThetaWarrior) August 18, 2021

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BREwmaster said:

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S&P500 sell is not over. Now 4390.

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

— emini tic (@TicTocTick) August 18, 2021

LOL, well said... but could she eat a popsicle or something? that would make my day better

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Prognightmare said:

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zwhag2010 said:

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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

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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!.

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.

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AG 2000' said:

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Prognightmare said:

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zwhag2010 said:

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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!.

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.

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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.

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.

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Prognightmare said:

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AG 2000' said:

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Prognightmare said:

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zwhag2010 said:

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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!.

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.

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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.

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.

---

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.

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Prognightmare said:

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AG 2000' said:

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Prognightmare said:

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zwhag2010 said:

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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

---

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!.

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 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.

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.

---

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.

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AG 2000' said:

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Prognightmare said:

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AG 2000' said:

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Prognightmare said:

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zwhag2010 said:

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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!.

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 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.

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.

---

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.

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I do, but I think I need to cut what I'm looking at and get lean.

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.

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mazag08 said:

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I think we might be looking between SPX 4175 and 4270 with 4200 seeming like a solid landing point.

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Prognightmare said:

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Options are dangerous and it's the reason that I very, very seldom rec them on here.

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