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$30,000 Millionaire
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AG
McInnis 03 said:

$30,000 Millionaire said:

I'm going to buy 100 shares of ZIM in the 50K account. We are going to sell an ITM covered call on Monday.


Does dividend risk come into play here?


Yes it does. I am going to sell an April or May 50C at close. If we get exercised early, so be it.
BrokeAssAggie
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Lost some money today but got to go fishing with my boy so all is good…
FJ43
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Jet Black said:

My problem is always when to sell and get out.

Hey Jet. Something to try maybe in addition to what Prog said about your favorite indicators.

Before you make your next trade, set a trade plan before you hit buy. Define your risk (stop out level), your targets (T1, T2,etc) to determine the Risk/Reward (RR). Ideally you want at least 1 to 2 minimum. For each $1 risk (the difference between your entry and stop) vs your targets (entry vs T1, T2,etc).

Then stick to it. Honor your stops above all. It's just a trade and move onto the next.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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BrokeAssAggie said:

Lost some money today but got to go fishing with my boy so all is good…



POTD !!! Memories and there isn't a dollar worth trading them for.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

jamey
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AG
$30,000 Millionaire said:

jamey said:

I moved about 20% of my 401K into stable value yesterday and I'm right around -0.5% loss YTD.

I think I'm gonna watch from the sidelines for a little while.


How many years until retirement?


13 or so till full retirement and start drawing on this account.
BrokeAssAggie
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4 hours and one fish. Most of the time was spent tying new lures on.
FJ43
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Priceless time! Good chance it's wasn't ever about catching fish for you.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

ProgN
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BrokeAssAggie said:

Lost some money today but got to go fishing with my boy so all is good…

That's awesome, I hope OA sees it because he'd love it.
ProgN
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What kind of fish, size?
BrokeAssAggie
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ProgN said:

What kind of fish, size?


White bass..
Philip J Fry
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AG
Jet Black said:

My problem is always when to sell and get out.


What's your biggest issue? Setting the target price, stop price, or abiding by them?
ProgN
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FYI, gray and chartreuse jigs are money for white bass, especially gray. How many sons do you have?
BrokeAssAggie
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ProgN said:

FYI, gray and chartreuse jigs are money for white bass, especially gray. How many sons do you have?



Just 2. The other is 2.5 so we left him at home
Brian Earl Spilner
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AG
This week got me halfway back to my ATH in overall gains.
Jet Black
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FJ43 said:

Jet Black said:

My problem is always when to sell and get out.

Hey Jet. Something to try maybe in addition to what Prog said about your favorite indicators.

Before you make your next trade, set a trade plan before you hit buy. Define your risk (stop out level), your targets (T1, T2,etc) to determine the Risk/Reward (RR). Ideally you want at least 1 to 2 minimum. For each $1 risk (the difference between your entry and stop) vs your targets (entry vs T1, T2,etc).

Then stick to it. Honor your stops above all. It's just a trade and move onto the next.


I appreciate it. I do have a problem with fomo. I know that hardly ever happens but I do have a fear of it taking off like a rocket after I get out.
$30,000 Millionaire
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jamey said:

$30,000 Millionaire said:

jamey said:

I moved about 20% of my 401K into stable value yesterday and I'm right around -0.5% loss YTD.

I think I'm gonna watch from the sidelines for a little while.


How many years until retirement?


13 or so till full retirement and start drawing on this account.


In all likelihood, the market will be higher sometime in the next 13 years than it is today. I do agree with you that there will be pain this year and that the pain isn't over. That said, there will also always be something to worry about!

I don't mean this as an insult, please don't take it this way, but based on your questions here and in other places, I have formed the opinion that you don't know much about the markets. That's ok. It's never too late to learn.

Have you considered putting your money in a 2035 target retirement fund? They have an age based mix of stocks, bonds, and income assets. If you're going to keep contributing, view this as an opportunity to dollar cost average.

Take $5K and learn with us.
$30,000 Millionaire
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Dude even I FOMO. I bet OA does too.
FJ43
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Jet Black said:

FJ43 said:

Jet Black said:

My problem is always when to sell and get out.

Hey Jet. Something to try maybe in addition to what Prog said about your favorite indicators.

Before you make your next trade, set a trade plan before you hit buy. Define your risk (stop out level), your targets (T1, T2,etc) to determine the Risk/Reward (RR). Ideally you want at least 1 to 2 minimum. For each $1 risk (the difference between your entry and stop) vs your targets (entry vs T1, T2,etc).

Then stick to it. Honor your stops above all. It's just a trade and move onto the next.


I appreciate it. I do have a problem with fomo. I know that hardly ever happens but I do have a fear of it taking off like a rocket after I get out.


We've all had it. Hard to break. 30k's taking the time to share a process proves you can make solid money in a crap market without FOMO.

I totally get it though. My signature is Proverbs 13:11. Little by little brother.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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A simple way to trade stocks: buy at support (exhaustion) or buy at break of resistance (momentum). Have a 10% or so stop loss on a not volatile stock and a 20% stop on something volatile. For position sizing, no more than 10% in a single equity unless it's SPY/QQQ/DIA/IWM. If your stop is 10% of 10%, that's a 1% draw down.

Take half the profit at up X% (you decide). Set the rest to stop at break even. You can't lose. Scale out 20% bit by bit on the way up, moving your stop up with you. If you're ever uncomfortable, sell. If you're uncomfortable it's probably because of position size.

Trading, especially stocks should give you zero anxiety.
FJ43
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$30,000 Millionaire said:

Dude even I FOMO. I bet OA does too.

Yeah think there's a better than 100% chance I'm in some with you.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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AG
Jamey,

This is an example if that. Notice it pays a 1% dividend and the management fee is 0.7%. High, but not the end of the world. Vanguard would have cheaper fees.

My personal policy for retirement accounts is to contribute and never touch.


Jet Black
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Philip J Fry said:

Jet Black said:

My problem is always when to sell and get out.


What's your biggest issue? Setting the target price, stop price, or abiding by them?


Abiding by them. I'll see something or read something that makes me think I should stay in and away we go. There are times when I could have taken $150-$200 profit. Of course, it my mind I'm going that isn't enough and I should keep going for more.
spud1910
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If you are close enough, they are good on the Sabine now.
jamey
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$30,000 Millionaire said:

jamey said:

$30,000 Millionaire said:

jamey said:

I moved about 20% of my 401K into stable value yesterday and I'm right around -0.5% loss YTD.

I think I'm gonna watch from the sidelines for a little while.


How many years until retirement?


13 or so till full retirement and start drawing on this account.


In all likelihood, the market will be higher sometime in the next 13 years than it is today. I do agree with you that there will be pain this year and that the pain isn't over. That said, there will also always be something to worry about!

I don't mean this as an insult, please don't take it this way, but based on your questions here and in other places, I have formed the opinion that you don't know much about the markets. That's ok. It's never too late to learn.

Have you considered putting your money in a 2035 target retirement fund? They have an age based mix of stocks, bonds, and income assets. If you're going to keep contributing, view this as an opportunity to dollar cost average.

Take $5K and learn with us.


I'm definitely in the learning
phase on how markets work but also think I need to learn some prior to retirement

In a nutshell I got a late start on retirement thanks to the 2008 economy which made me feel like I had to take risks to catch up so long story short I found myself largely in a stable value fund to start off 2022.


But have learned my lesson, just looking to get in and leave it be.


We have the target funds available in our 401K but we also have large and medium/small cap, bonds and other funds with minimum fees I'm using to setup a moderate risk portfolio in my 401K.


The last piece is getting into bonds which is why I was asking if now is a bad time on another thread.
$30,000 Millionaire
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This may be more of what you're looking for.


jamey
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Unfortunately in my 401K my only choice really is "Broad Market Bonds"


Charismatic Megafauna
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gougler08 said:

FJ43 said:

30k's profit is consistent and steady.

Mine looks more like this. With my projection.





Here

Bullish!
BaylorSpineGuy
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Good chatter on the board tonight. 30K, I like your 10% or 20% stop based on stock/index volatility.

Does this apply only on weekly options? Or also on LEAPS or longer dated options? Starting to realize the market May trend up over these next couple months, so was debating buying some 2 or 3 month out NVDA/MSFT options.

Would you still kill a trade even if the expiration is more than 30 days out?
Farmer @ Johnsongrass, TX
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M4 Benelli said:

Philip J Fry said:

Looks to me that ZIM run has stalled and is retreating back to 75 or so. Sold my shares for +12% profit and waiting it out for the time being.


Still holding, I'm not going to pass up that sweet divy. If it retracts back to mid 60s its going to get bought up by booty loving piranhas. Seen it time and time again from the past divs. Will be adding on more during that dip. This supply chain crisis is here to stay remainder of the year, despite the MSM sweeping it under the rug.

Speaking of Holding, still latched onto CROX like an incel on a Twitch thot's stream. Cost Basis is at 86, rode it down to 67. Twas tempted to bail as my port is looking pretty stellar atm from swinging my Vinnie K, and I dont trust next week.
Focusing on what I bolded above. Agree, a sweet dividend at $17; however, after some minimal researching I can only find it paying $2.50/share per quarter for the two previous quarters.

I didn't find confirmation that $17 per Quarter is the 2022 established Annual dividend of $68, did you? That annual dividend confirmation would determine how long I would hold this security

Looking backward,....ZIM had already zipped up to the low 80's and I was going to dive in if it moved back to $76/$77 and that never happened. I was going to execute the same play 30K is doing on Monday with a ITM Covered Call. I think that is an awesome play. I just got too greedy. I wanted the run from $76 to wherever + $17 Div + the Premium. Again, awesome play if it got/gets executed.

Charismatic Megafauna
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AG
$30,000 Millionaire said:

A simple way to trade stocks: buy at support (exhaustion) or buy at break of resistance (momentum). Have a 10% or so stop loss on a not volatile stock and a 20% stop on something volatile. For position sizing, no more than 10% in a single equity unless it's SPY/QQQ/DIA/IWM. If your stop is 10% of 10%, that's a 1% draw down.

Take half the profit at up X% (you decide). Set the rest to stop at break even. You can't lose. Scale out 20% bit by bit on the way up, moving your stop up with you. If you're ever uncomfortable, sell. If you're uncomfortable it's probably because of position size.

Trading, especially stocks should give you zero anxiety.


That doesn't sound like gambling at all. Are you sure you're doing it right?

(So much gold here...)
ProgN
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Jet Black said:

Philip J Fry said:

Jet Black said:

My problem is always when to sell and get out.


What's your biggest issue? Setting the target price, stop price, or abiding by them?


Abiding by them. I'll see something or read something that makes me think I should stay in and away we go. There are times when I could have taken $150-$200 profit. Of course, it my mind I'm going that isn't enough and I should keep going for more.
Try taking $150-200 (singles) for 6 months and see how your account grows. You'll be amazed when instead of buying 100 shares of a stock that you're now able to swing 300 shares. Don't dwell for selling out early and one happens to run, try to remember the one's you held onto for more that you're bag holding and can't trade. There is always something to trade unless your money is tied up because you're down and was greedy an are now stuck.
khkman22
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AG
I think the question everybody is asking is, what trades did the Brown's owner make this week to be okay wasting that much money on DeShaun?
FJ43
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Charismatic Megafauna said:

$30,000 Millionaire said:

A simple way to trade stocks: buy at support (exhaustion) or buy at break of resistance (momentum). Have a 10% or so stop loss on a not volatile stock and a 20% stop on something volatile. For position sizing, no more than 10% in a single equity unless it's SPY/QQQ/DIA/IWM. If your stop is 10% of 10%, that's a 1% draw down.

Take half the profit at up X% (you decide). Set the rest to stop at break even. You can't lose. Scale out 20% bit by bit on the way up, moving your stop up with you. If you're ever uncomfortable, sell. If you're uncomfortable it's probably because of position size.

Trading, especially stocks should give you zero anxiety.


That doesn't sound like gambling at all. Are you sure you're doing it right?

(So much gold here...)


This is my laugh if the day.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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Options are much more nuanced, but let me try some basics:

Lottos - never more than 0.5% of account, preferably less. Accept max risk. 0 DTE should always be considered a lotto

Weeklies - 1% risk typically with a 50% stop. Safest way to play is take half off when whatever it is hits 20% and then bump stop to B/E. Better to be satisfied with 10% net than -50%. You have to be really good to trade weeklies. They're not forgiving. You must buy at support (demand) or supply break (resistance). If it fails, cut quickly. You all see me take these trades all the time and you probably notice that I'm quick to trim or move stop to B/E. Sometimes it takes the stop and then runs. You have no way of knowing. Safer thing to do is put credit spreads or debit spreads. They're more forgiving if you're wrong and they clamp down on greed. Take your 50% and move on.

Swing trades: position size at comfort level. I will do 3-5%. These are typically multiple months out for long calls or puts. I take bullish trades when the stock is in a positive upswing 8 above 21. Ideally I like to get these on a pullback to either the 8 or 21, depending. I will cut for a loss at two daily closes below the 21 or loss of support / pattern invalid. I buy in the money options normally to cut down theta decay and just want to move with the stock. I will do OTM debits or wide put credit spreads as well.

Leaps: same as swing but trade weekly chart.
2wealfth Man
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M4 Benelli said:

Anybody in UAN? Under radar fertilizer play.

UAN sell almost all their production 3-6 months ahead. Earnings have yet to reflect the explosion of fertilizer prices in Q3-Q4 last year.

Fatty Delta Burke dividend, this stanky stock typically trades pretty close to 10x trailing 12-month EBITDA.

Q1 earnings will be very good and Q2 earnings will be grandiose. It's after these two earnings reports that divy loving degens will discover that this $100 stock is paying out $40-$50/yr in dividends. May the urea hit the field.


this is my big play now, trading at about 2.4 pe on forward earnings with ridiculously strong tailwinds for the upside. $300 by year end not unreasonable. This is an MLP; so you will get a K-1. BTW, I had the hots for Delta Burke.
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