50K
High risk. Small gamble.
SPX 4485 at 4.3. Stop 2.3.
High risk. Small gamble.
SPX 4485 at 4.3. Stop 2.3.
You don’t trade for money, you trade for freedom.
Stock Markets
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Last: 2 hrs ago by Heineken-Ashi
started to rally, quite the slap there. Stay with it.
You don’t trade for money, you trade for freedom.
The US just formally accused Russia of war crimes
s h i t$30,000 Millionaire said:
started to rally, quite the slap there. Stay with it.
You don’t trade for money, you trade for freedom.
U.S. government formally accuses Russia of committing war crimes in Ukraine
https://www.cnbc.com/2022/03/23/us-government-formally-accuses-russia-of-committing-war-crimes-in-ukraine.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
https://www.cnbc.com/2022/03/23/us-government-formally-accuses-russia-of-committing-war-crimes-in-ukraine.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
it is extreme annoying when this happens.
You don’t trade for money, you trade for freedom.
Too funny....we are tracking the same trend line on same timeline. I thought we would break 445.87 for a second there.$30,000 Millionaire said:
it is extreme annoying when this happens.
$TSLA 4/1 $1100 Call @ 12.60 https://t.co/8hOsgG17yx
— Harry “No Telegram” Wang 🔱 | حبيبي (@HarryWangEra) March 23, 2022
Its getting close to BCTX time!!!!! Hoping for continued run-up into April conference and data release.
Philip J Fry said:Bob Knights Liver said:Philip J Fry said:
Alright SAVA, you know what to do
I just sold my SAVA shares that I followed you on the swing. Probably left some in the table, but I'm being a bit more conservative these days.
Yup. I'm up almost 30%. Sold a little over 20% of my shares. I intend on going my version of net free at 49.
Once again, glad I took profits when I could
Since UPST is toying at this 120 level, I'm adding a hedge here since these flies are up.McInnis 03 said:
I'm buying UPST 120/130/140c butterflies for next Friday. $1.64 or less
I'm buying a 120p/110p/100p fly for 3/25 so that if the price goes south I can now go with either direction that the price instructs me. If it keeps going up, we'll bank on the call flies, if it goes south, we'll get something out of the put fly and we'll close the call flies (which are currnetly up) if we need to.
I don't want to be holding this long and not get something decent out of the trade.
My more profitable bias is upwards.
Charismatic Megafauna
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AG
I like that we are honoring the 89day ema. I just bought a couple 447/449/451 spy flies for friday for .25
anyone else notice that Fidelity isn't allowing buy orders on VEON?
Well that day sucked.
Charismatic Megafauna
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Charismatic Megafauna said:
I just grabbed a couple expiring xsp 443p for .3
Something happens overnight and we model t from last Monday these will pay.
What a buzzkill
Yes, I can't buy on Fidelity either. I just went net free on the puts I sold, so I hope they aren't banning this stock. It's not based in Russia or Ukraine, so I'm not sure why they would.Diggity said:
anyone else notice that Fidelity isn't allowing buy orders on VEON?
Decided to be diversified and hold both gold AND silver stocks.
A bunch of quiet ~+1.5% days ... sectors are rotating, Ags.
A bunch of quiet ~+1.5% days ... sectors are rotating, Ags.
SPY
We didn't trade below yesterdays low and we didn't even touch the 5EMA.
Do you mean Monday's low?
I typically pay attention to all trades including pre/post market hour highs and lows. That defines my trend lines vs just market hours. Many I think look at market hour trades and I also look at those as well.Brian Earl Spilner said:
Do you mean Monday's low?
I mean, it wasn't that bad?Brian Earl Spilner said:
Well that day sucked.
Bob Knights Paper Hands
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Barty Dont Hedge said:
Its getting close to BCTX time!!!!! Hoping for continued run-up into April conference and data release.
This is interesting. Should I be Texags searching for BCTX right now?
pretty H&SFJ43 said:Too funny....we are tracking the same trend line on same timeline. I thought we would break 445.87 for a second there.$30,000 Millionaire said:
it is extreme annoying when this happens.
Most successful daytrading strategies are implemented in the first hour or two after cash open, due to the market simply having the most volume and range during this time. The bulk of daily profit is made in the morning. Because of this, it's a good idea to size down for any subsequent trades, so you don't risk giving back any substantial portion of your profits.
Yesterday, I made a trade in the afternoon where I ended up giving back 10% of my daily profits. No big deal, right? Cost of doing business.
Well, I didn't just let it be, and tried to hop in another trade to make it back. That was also a loser. Then, I did it again. I hopped into some QQQ for no reason other than to try to catch bounces from whole numbers. Revenge trading.
Before I knew it, I had given back 60% of my day. Amazing how after so many years of doing this, my lizard brain still comes out from time to time.
I felt pretty dumb most of the evening yesterday, but today I came back and had my most profitable day since the week before Thanksgiving. Go figure.
Yesterday, I made a trade in the afternoon where I ended up giving back 10% of my daily profits. No big deal, right? Cost of doing business.
Well, I didn't just let it be, and tried to hop in another trade to make it back. That was also a loser. Then, I did it again. I hopped into some QQQ for no reason other than to try to catch bounces from whole numbers. Revenge trading.
Before I knew it, I had given back 60% of my day. Amazing how after so many years of doing this, my lizard brain still comes out from time to time.
I felt pretty dumb most of the evening yesterday, but today I came back and had my most profitable day since the week before Thanksgiving. Go figure.
not the best day for me, either.
I struggled today. Got stopped on winning moves, etc. Minimal damage though <0.5% on my main account.
I struggled today. Got stopped on winning moves, etc. Minimal damage though <0.5% on my main account.
You don’t trade for money, you trade for freedom.
Interesting place for SPX to close.
You don’t trade for money, you trade for freedom.
Meh day for me.
SPY lotto puts on the open carried over were solid (double+).
SPY calls were good on pivot after early dip for scalp (50%).
AMD calls trimmed 2 times on way up then rebought again - holding April expiry. (sells netted ave 55%)
CRM holding - April expiry (down approx 20%)
LOW - cut as lost last line of defense and hit my stop. (50% loss)
SPY weekly calls bought towards end of day holding - (down 30% at close)
That is about the extent of my day.
SPY lotto puts on the open carried over were solid (double+).
SPY calls were good on pivot after early dip for scalp (50%).
AMD calls trimmed 2 times on way up then rebought again - holding April expiry. (sells netted ave 55%)
CRM holding - April expiry (down approx 20%)
LOW - cut as lost last line of defense and hit my stop. (50% loss)
SPY weekly calls bought towards end of day holding - (down 30% at close)
That is about the extent of my day.
When you buy weekly SPY contracts or those lotto calls/puts, how many contracts do you typically trade? Just curious. If you don't wanna share, it's none of my business.
Anyone have thoughts on NIO earnings tomorrow?
Jet Black said:
Anyone have thoughts on NIO earnings tomorrow?
https://giphy.com/gifs/morgan-freeman-good-luck-kVaj8JXJcDsqs
BaylorSpineGuy said:
When you buy weekly SPY contracts or those lotto calls/puts, how many contracts do you typically trade? Just curious. If you don't wanna share, it's none of my business.
It's not about number of contracts for me. It's about % risk of scalping account.
Ballpark as follows:
Lottos - $750-1000 (example was SPY lotto puts I held overnight and exited at open. 20 contracts at .42 = $840. Those worked and exited at $1,800 and change. Might have more than one lotto going but not normally.
Weekly calls/puts (Mon-Wed) - $1500 per trade but I may be in and out multiple times a day/week.
Weekly calls/puts (Thu-Fri) - $1000-1500
Monthly calls/puts- $3000-4000 (usually with 4+ weeks out) if less I may scale it back.
I typically don't have more than $12-15k at any one time in calls/puts. I get in and out often and try to take gains along the way.
Jet Black said:
Anyone have thoughts on NIO earnings tomorrow?
I have a lotto play on a crash. but it's a complete gamble
I should probably provide a little more context for you.
I have 4 accounts I trade.
1 scalping/swing account (my favorite). I will buy shares in this one as well. Sometimes I try to go net free at any % then transfer the 'free' shares into my trade account. I will use profits from this account to buy shares and transfer. Don't like that cluttering up my dashboard!
1 trade account. Net free shares, new share buys and longer than a couple days or weeks typically.
1 long account (at least 6months+)
1 ROTH from a rollover years ago. The ROTH is mostly long, some scaling out on the way up, selling premium or angling into shares.
Bob Knights Paper Hands
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It could have been a really good day for me, but I had a meeting early and then was busy most of the second half of the day. Overall was a positive day plus I didn't even have to use my ak.
Charismatic Megafauna
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How many commas are we talking about here, boss?
I have no idea if I'm doing it right but most of my options trades are in the 0.5-1% of my trading account range. My trading account is about 10% of my main investment account, which is mostly for long holds and wheel strategy (except for those rare opportunities when crwd hikes up her skirt and gives me a wink)
I like that the 50k acct has given us a little peek at 30k's position sizing strategy
I have no idea if I'm doing it right but most of my options trades are in the 0.5-1% of my trading account range. My trading account is about 10% of my main investment account, which is mostly for long holds and wheel strategy (except for those rare opportunities when crwd hikes up her skirt and gives me a wink)
I like that the 50k acct has given us a little peek at 30k's position sizing strategy
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