Every knee shall bow and every tongue shall confess
Manic Trading Thread
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870 Replies |
Last: 4 yr ago by BearkatRunner88
AgEng06 said:
I bet he had it typed up and just hit send without updating the current price.
Good point, need to remember that. I get so set on not wanting to chase that I forget it just may be a tweet sent in haste
Man... I get that this is our deal and we're free to do whatever we want, but the delay there cost a lot of money if you followed him exactly. Hopefully it pays off for anyone that bought. I didn't want to spend that much at the final bell.
Amzn down over 100 pts...
Well, there were a ton of puts coming through as well, so figured the jury was still out.
V beat, no full year guidance offered.
Anyone still holding that AAPL lotto from Monday? You know the one that started with a 3XX?
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
I did not have diamond enough hands to buy it.
Ooof I think I'll have lost 6k or so come end of this week
I think we should stop mentioning Manic at all on the OA1 stock thread. Maybe we can talk about specific stalks, but we don't need to push newbies in that thread into running into Manic. All it does is cause them to lose money and get upset. Plus angering others.
Thoughts?
Thoughts?
Rice and Fries said:
I think we should stop mentioning Manic at all on the OA1 stock thread. Maybe we can talk about specific stalks, but we don't need to push newbies in that thread into running into Manic. All it does is cause them to lose money and get upset. Plus angering others.
Thoughts?
I agree.
Currently 0 for 2 with Manic. First with the Roku 130c and we will see about BYND but as mentioned here not looking good. I did buy some puts yesterday on their recommendation before Powell came in and made a little on that hedge.
Actually had a chance to make ~25% off BYND. Bought my initial lot, then averaged down on a pullback (which don't recommend nor normally do). Came back up quick and I sold half up 20-25%, and kept the rest to see if they would get closer ITM. Obviously not.
I think there's some lessons that can be applied in the shares trading game to the options trading game. Before getting into what Manic says outright, a check of the stocks daily and average volume, general trend, key levels in intraday and daily, are worth a look. If the initial assessment lines up with Manics trade thesis then take the trade. What I've noticed is that there's always a better entry into the play even when he posts his calls. So taking time to do the due diligence is time worth spent in my opinion. A better entry in BYND would have led to 25% profits in maybe 15 minutes of work with the right entries.
Actually had a chance to make ~25% off BYND. Bought my initial lot, then averaged down on a pullback (which don't recommend nor normally do). Came back up quick and I sold half up 20-25%, and kept the rest to see if they would get closer ITM. Obviously not.
I think there's some lessons that can be applied in the shares trading game to the options trading game. Before getting into what Manic says outright, a check of the stocks daily and average volume, general trend, key levels in intraday and daily, are worth a look. If the initial assessment lines up with Manics trade thesis then take the trade. What I've noticed is that there's always a better entry into the play even when he posts his calls. So taking time to do the due diligence is time worth spent in my opinion. A better entry in BYND would have led to 25% profits in maybe 15 minutes of work with the right entries.
Rice and Fries said:
I think we should stop mentioning Manic at all on the OA1 stock thread. Maybe we can talk about specific stalks, but we don't need to push newbies in that thread into running into Manic. All it does is cause them to lose money and get upset. Plus angering others.
Thoughts?
That is an issue. You have people hearing about the successes and then deciding to roll out 2 to 3k to try it out.
If you happen to start on a bad week you can lose half or even all of it easy.
Lost $3k in the last 2 days. Down another $800 on the NIO call and another $400 on the TLRY call. Maybe the late AAPL call will pay off in the morning. Doubtful but you never know. I just joined Monday and have been killed thus far. I'll keep playing for the next month at least. I'm already out the $200 fee. Vegas isn't open yet, so might as well.
Most I mess around with is $500 at a time. Not on all one thing, but a bit by bit between plays.
Could not Imagine feeling 3x more amplified in dread then when I see $500 disappear.
Could not Imagine feeling 3x more amplified in dread then when I see $500 disappear.
Every knee shall bow and every tongue shall confess
I just don't understand the rational behind a recommendation on a call option that is over 30% OTM with 48 hours until expiration. I have lost on every one of those.
Every knee shall bow and every tongue shall confess
This is Sam's video but it applies to using manic as well. If you are new its worth a watch.
I too joined this week and even told myself that I knew after he had a freaking boom last Friday that water would find it's level. Looks like again I couldn't listen to myself. I don't know how this will work out but I'd be foolish to judge on 4 days, but first impression sucks.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
AgAE said:
I just don't understand the rational behind a recommendation on a call option that is over 30% OTM with 48 hours until expiration. I have lost on every one of those.
Just wait until lotto friday and some of those plays expire in hours.
Im in that same boat. April 3rd i opened my tda acct. I mainky bought stocks for the long haul but i left myself a little bit to swing trade/day trade. In about 3 weeks i was right under 900 profit. Not great but for a first time market trader i thought i was doing pretty good. I figured if i could make a few "big money" calls in between my trades why not? Ill trust the process for a while longer.
Rice and Fries said:
Most I mess around with is $500 at a time. Not on all one thing, but a bit by bit between plays.
Could not Imagine feeling 3x more amplified in dread then when I see $500 disappear.
It's hard to keep to just $500. That might only be 2 or 3 options. I've found it hard to pick and choose the winners out of their tweets.
gig em 02 said:
This is Sam's video but it applies to using manic as well. If you are new its worth a watch.
If you are trading options, this is critical information. It doesn't apply to only Sam's service, it is for everyone. You may not like his style on Twitter (or as some of my friends I've shared the video with...his voice lol), but his principles are sound. Trade to your account. Play small. Play with profits when you can. Expect EVERY trade to go to 0. Manage to your goals and risk when entering. If it pops for a dollar and you're happy, come out. It will go down as quickly as it went up. Don't have a losers mentality...meaning if you enter 5 trades at $200 each, and 4 of them go to 0 and the last one goest to $1200, you are up $200. If you focus on the $800 you lost on the 4 losers and not the $1200 you made on the 1 winner, then this is not the right game for you to be in. You are managing your account as a whole. There will be winners and there will be losers. This information has made me a better trader and I think it will make you one, too.
I've thought about jumping into Manic's service for a month and see how he does it and how it's different from Sam's, but this thread has me nervous. It sounds like he feels like he has to force trades to deliver value and that's a bad mindset. He will then have to chase to make it up or he will lose customers.
Also, just as perspective, Sam posted the following today (again, not advocating for you to follow Sam, just sharing a few of his trades on a choppy day):
ZM 130p as a lotto for 1.21 at 8:41 - winner if you were watching and came out around 2pm when it was at the low
MA 282.5c for 1.43 at 8:51 - loser unless you got back near even also around 2pm
SHOP 650c as a lotto for 7.70 at 8:55 - small winner - he sold at 9:20 for 9.40 up 1.70
BA 150c as a lotto on bond deal for .58 at 2:07 - bond deal came, but didn't do much AH and looking to be a loser
ZM 130p as a lotto for 1.21 at 8:41 - winner if you were watching and came out around 2pm when it was at the low
MA 282.5c for 1.43 at 8:51 - loser unless you got back near even also around 2pm
SHOP 650c as a lotto for 7.70 at 8:55 - small winner - he sold at 9:20 for 9.40 up 1.70
BA 150c as a lotto on bond deal for .58 at 2:07 - bond deal came, but didn't do much AH and looking to be a loser
Yeah I think he might be chasing. The Apple cal (which I followed) reeked of chasing and desperation after he was having a bad day with nothing but strikeouts. It didn't make sense how he prepped it and then waiting while the premium mounted, and then pulled the trigger at the end.
Anyone here holding some SQ $70 5/15 calls through earnings next week?
Curious the play here
Curious the play here
Sounds like I need to subscribe to Manic and just do the opposite. Kind of like how I bet o sports. Just do the opposite of what I think and I win 75%!
AAPL down to 286 this morning. A long way to go for those 305 calls.
AgAE said:
AAPL down to 286 this morning. A long way to go for those 305 calls.
It is going to be a blood bath today.
i will only play lottos if I have profits built up going forward, but I really should not be playing more than half o the profits for a lotto. After today, I will sum up my week trades with profit/losses to see where I shake out.
Every knee shall bow and every tongue shall confess
Every knee shall bow and every tongue shall confess
(Im)patiently anticipating the moves for today... but I don't have a lot of expectations.
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