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:
(Im)patiently anticipating the moves for today... but I don't have a lot of expectations.
Today looks like a tough day to trade. Manic likes to do a lot of same day expiring lottos on fridays.
Every knee shall bow and every tongue shall confess
Yeah, I was looking for input on the multiple expiring options for today, but I guess I could just close them on my own.
OverSeas AG said:
He has not mentioned the AAPL from yesterday at all. I wonder if he just doesn't say anything when it goes that badly.
No, it's already bottomed out, he's waiting to see if it rallies as max pain is pretty much in. He always gives orders
So I just signed up yesterday... How/when do I get access to the other items besides private twitter? There's a stream right? and does he just send tweets or are there emails too?
Edit: I found the pinned tweet for the Stream (sorry I have no idea how to use twitter)... Leaving this up, curious if there's anything else worth taking advantage of....
- Premium Twitter Access
- Pre-Market Trade Plan
- Pre-Market Ticker Levels Upside and Downside
- Weekly chart analysis and outlook
- "MOC" Market on close imbalance numbers into close (weekly lotto plays)
- Market news alerted real-time
- Swing trades & intra-day trades
- Live Stream of block trades
Edit: I found the pinned tweet for the Stream (sorry I have no idea how to use twitter)... Leaving this up, curious if there's anything else worth taking advantage of....
whew just bought and sold those aapl 305 from .20 to .30
edit: sold too early
edit: sold too early
Every knee shall bow and every tongue shall confess
Thoughts on that put? What does he mean by "break"? In put-talk, that should mean below that number, right?
Also is the stop mentioned a level to sell and get out?
Also is the stop mentioned a level to sell and get out?
Every knee shall bow and every tongue shall confess
Every knee shall bow and every tongue shall confess
Got it, thanks. I like giving a stop idea. So you can buy the put, and then set a stop at the corresponding price to limit losses.
Quick noob question. If I let a call expire it basically just goes to 0 correct? I have to exercise the call to purchase the shares?
I also got in on that Put but at a much lower price than he said.
I also got in on that Put but at a much lower price than he said.
Yeah, I waited around long enough to get it at $0.85. And it touched lower.
Roku really needs to get through 116 to drop further. Then there is some support at 114. Manic will likely try to let it run further.
It's all risky on a same day expiration.
It's all risky on a same day expiration.
I assumed he meant 5/8 exp
Every knee shall bow and every tongue shall confess
I realized I had 2 ROKU contracts on the call, so averaged down and bought another on the put to help out.
Every knee shall bow and every tongue shall confess
Yeahhh, we still aren't gonna make any money today if you're on the calls, most likely.
At least he found a way to make Friday exciting.
At least he found a way to make Friday exciting.
Support on Roku is now $115.50 on the 5 minute chart.
The daily chart has the 50 DMA at 113.77 for ROKU. I would be out or net free by then.
Got scared holding on to the ROKU put and sold for 1.4
Sold one at 1.33, holding the other to see how low it can go.
I was in the calls for 2 contracts at 1.12, so max loss (which is gonna happen) is $224. Should recoup at least half of that on these puts.
I was in the calls for 2 contracts at 1.12, so max loss (which is gonna happen) is $224. Should recoup at least half of that on these puts.
This slow bleed sucks the premium out.
Yeah, it's really hard to wait for the signal to sell. But I'm going to hold out and see how low he thinks it will go.
Every knee shall bow and every tongue shall confess
Yes, however this ends, it has been a good learning experience for me.
beb08 said:
Quick noob question. If I let a call expire it basically just goes to 0 correct? I have to exercise the call to purchase the shares?
I also got in on that Put but at a much lower price than he said.
ITM calls will automatically exercise for you and you will be assigned shares (at least in a margin account). Come Monday, depending on the size of the order, you could be in a margin call and would be forced to sell some or all of the shares to get out of it.
If the call is OTM, it expires worthless and will not be exercised.
If some of y'all have had a rough week, you might want to think hard about taking profits on the ROKU puts today regardless how big/small. End the week with a trading win. Don't hold trying to make all your money back in one trade.
missed the roku call
I got out with a 50% return. I haven't been playing along with manic so my entries and goals were different.
Right now the support has dropped to $113.75. It may get down there and then you could see a bit of a bounce before it goes lower.
Right now the support has dropped to $113.75. It may get down there and then you could see a bit of a bounce before it goes lower.
Every knee shall bow and every tongue shall confess
BYND and ROKU calls made it a tough first week of Manic for me
TLRY wasn't bad for me as I was only in 1 contract. The BYND, ROKU, and FB calls are bad, but at least the ROKU put saved some.
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