- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Posted on 8/27/20 at 8:56 pm to LSURN98
Net seller of options day trading them? I tend to look for good chart set ups with bullish option flow.
Posted on 8/27/20 at 9:16 pm to thatguy777
Nope. I know it sounds crazy and over the long term is frowned upon, but I almost exclusively buy rather than sell.
Stock must have huge volume. I watch the SMA/EMA and IV. Lately I have been buying TSLA, AMZN, FB and GOOG.
Have been especially killing it buying calls on FB early in the trading session for last 2 weeks. It pops early and drops. MA’s tell the story if you look back at the charts. Been buying TSLA puts but it is far less consistent and you have to sit and watch the chart and pull the trigger when the PMA drops below the EMA combined with downward selling pressure.
Stock must have huge volume. I watch the SMA/EMA and IV. Lately I have been buying TSLA, AMZN, FB and GOOG.
Have been especially killing it buying calls on FB early in the trading session for last 2 weeks. It pops early and drops. MA’s tell the story if you look back at the charts. Been buying TSLA puts but it is far less consistent and you have to sit and watch the chart and pull the trigger when the PMA drops below the EMA combined with downward selling pressure.
This post was edited on 8/27/20 at 10:02 pm
Posted on 8/27/20 at 9:58 pm to thatguy777
Sorry SMA. My phone auto correcting to PMA.
Posted on 8/28/20 at 6:18 am to cgrand
Yes I’ll be able to do it once I have a large enough nest egg and that’s the day I will retire. There are some solid mutual funds that will make the return for you. No reason to day trade let the funds do the work and enjoy the day. I don’t want to be staring at stock tickers prices from market open to close everyday
This post was edited on 8/28/20 at 6:23 am
Posted on 8/28/20 at 6:47 am to cgrand
850 a day? Hope you find that golden ticket and grandpa joe is able to get out of bed
Posted on 8/28/20 at 6:53 am to thatguy777
quote:
My average is way over 500/day this year but I’ve been treating it like a full time job almost. I don’t day trade either. I’d say I’m more of a swing trader. Been a life changing year tbh. Most people wouldn’t believe my gains. But most important part of all of this is protecting the gains. Stay within yourself and stay on plan. All of this to say it’s def possible to do
What are you some kind of gay bear hiding your gains in your cave? I showed my Etrade to a group of girls at the bar last Saturday unfortunately it was stuck on -4K from Friday because you retards sold me on grwg
It’s 2020 bro you aren’t a true believer if you don’t spread the good news on stonks
Posted on 8/28/20 at 2:07 pm to cgrand
Or a million bucks on 20 $50,000 rental units that clear $500/m in rent.
Posted on 8/28/20 at 2:36 pm to deeprig9
You can avoid paying taxes that way.
Posted on 8/28/20 at 2:46 pm to deeprig9
quote:Id be factoring in a good PM
20 $50,000 rental units
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
This post was edited on 8/28/20 at 2:47 pm
Posted on 8/28/20 at 4:41 pm to cgrand
quote:
that dude was/is an idiot convinced he’d found an options cheat code
Literally can’t go tits up, guys.
Posted on 8/28/20 at 6:58 pm to cgrand
quote:
I’ve said a couple times I don’t have the talent to do it.
however I do have the bankroll to make 2/10ths of a percent every day if I did have the talent, and I’d still need the 500 bucks
Yeah.
But with a million dollar starting bankroll it makes more sense to grab dividend stocks on dips, so you get a solid return in the long run.
This post was edited on 2/3/21 at 1:28 pm
Posted on 8/28/20 at 7:45 pm to Bestbank Tiger
My goal has been 500 a week recently
I've lost out on some big gains by trying to ensure I conserve my funds. My bankroll is very tight though as I'm investing money that I need to pay a payment on a farm investment
I've lost out on some big gains by trying to ensure I conserve my funds. My bankroll is very tight though as I'm investing money that I need to pay a payment on a farm investment
Posted on 8/29/20 at 2:58 am to LSURN98
quote:Someday I may make a post about technical analysis, because I just don’t get it, and I thought I would since it’s been presented as a combination of statistics (which I have a master’s in) and psychology (which I have a PhD in) but I don’t see anything resembling psychology (which is just asinine to even pretend to be understanding) a very little resembling statistics (and mostly rudimentary things like smoothing that are useful, but seem to be misapplied and/or taken beyond their simple value).
MA’s tell the story if you look back at the charts. Been buying TSLA puts but it is far less consistent and you have to sit and watch the chart and pull the trigger when the PMA drops below the EMA combined with downward selling pressure.
But looking into the acronyms you’ve posted (MACD, RSI), and I’ve found plenty to show that it’s not particularly accurate (especially in and of itself) but more importantly nothing that actually quantifies its accuracy on even historical data (which is usually easier to get right than forecasting).
And when I was in elementary school, in the first half of the 90’s before we had the internet my dad would get a daily newspaper (I think it was Investor’s Business Daily) with commodity future charts and based on some methods from some book or newsletter he would draw lines in the charts. That didn’t last very long (I don’t know if he actually made any trades but he used to have to call a broker for stocks at least) because it wasn’t a very successful method. Unbeknownst to me, he was applying essentially the same technical analysis charting that I see now (just less fancy and more time consuming).
So it makes no sense statistically and psychologically that the same methods applied to a complete different asset class and trading market, pre-internet, pre-decimilization, and pre-advanced analytical software and the necessity computing power, can be applied (and successfully applied) to completely different asset classes, in a completely different trading and tech world during a never-before seen global scenario of a severe economic recession, civil unrest, pandemic, etc., with historically severe and abrupt losses and subsequent gains in the asset classes.
In other words, a lot of people seem to think they’ve unlocked the secret to trading and investing over the last couple of months (this thread is an example, the 1.5% weekly gains is another, there was a post in r/stocks yesterday where the poster compared his investing to Warren Buffett), but I think it’s mostly just the fact that the markers have had historical gains in a historically short period of time. And the secret is people are being fooled by randomness.
And once markets regress towards the mean (even if it just means the mean of historically performance, not even losses) they (and including you judging by the overconfidence in your posts) are either not particularly special (doesn’t outperform just throwing money into SPY or something with a lot more work and potentially a lot more in taxes) but it may actually be not very good at all (and severely underperforms). It’s just like all of those hedge funds (with essentially unlimited resources at their disposable) who MAY (often don’t) outperform during a crazy market then do poorly the other 90+ percent of the time.
This post was edited on 8/29/20 at 2:59 am
Posted on 8/29/20 at 7:13 am to buckeye_vol
quote:
buckeye_vol
Good post.
Posted on 8/29/20 at 9:45 am to buckeye_vol
quote:
a lot of people seem to think they’ve unlocked the secret to trading and investing over the last couple of moths
Yeah I never said that. I was simply pointing out a strategy I employ that takes an awful lot of time by performing technical analysis minute by minute on a chart. I have personally been very successful with this strategy and (because this is a message board) am passing that on to others who may want to attempt it. I certainly don’t hold the patent on it, there are multiple books that cover this method.
quote:
people are being fooled by randomness.
Agree
quote:
looking into acronyms you’ve posted (MACD, RSI)
Just now heard of these? They are called Indicators and have been around a while. Traders use the sum of these indicators combined with others like moving averages and implied volitility and make an assumption. Nothing is absolute, and everything can appear to be heading in one direction and never move in that direction. That is where a persons risk tolerance comes in. You will lose.
quote:
And once markets regress towards the mean
Markets have been continually increasing since.....forever. Sure we have up and downward trends but if you have any statistical knowledge at all this “mean” you speak of (and what time frame are you talking about?) has consistently over time increased and not “regressed”. I can post a picture of the Dow, S&P, NASDAQ, etc over time to easily show this.
quote:
and including you judging by the overconfidence in your posts)
Pssssssst........this is a message board. Cgrand posted a hypothetical question, people answered it hypothetically. Stating that I would have to quit my day job and focus solely on technical analysis exudes overconfidence? Or the fact that I THINK I could pull off 500 a day? I sure hope you don’t work in the field of psychology because you completely whiffed on your poor assessment of my “overconfidence”.
This post was edited on 8/29/20 at 11:13 am
Posted on 8/29/20 at 3:22 pm to buckeye_vol
quote:
But looking into the acronyms you’ve posted (MACD, RSI), and I’ve found plenty to show that it’s not particularly accurate (especially in and of itself) but more importantly nothing that actually quantifies its accuracy on even historical data (which is usually easier to get right than forecasting).
Those are lagging indicators and markets can stay in extreme conditions for extended periods of time. If you want to do technical analysis....there are much better ways to do it imo and most all of them aren't under the drop-down box called "indicators".
Posted on 8/29/20 at 3:24 pm to buckeye_vol
quote:
In other words, a lot of people seem to think they’ve unlocked the secret to trading and investing over the last couple of months (this thread is an example, the 1.5% weekly gains is another, there was a post in r/stocks yesterday where the poster compared his investing to Warren Buffett), but I think it’s mostly just the fact that the markers have had historical gains in a historically short period of time. And the secret is people are being fooled by randomness.
There are traders beating the market average 5x or better on a consistent basis. It can go up or down so historical bull runs don't matter. Times have changed and Warren Buffett's 20% a year isn't that impressive anymore. Guess I'm another random statistic.
Posted on 8/29/20 at 3:31 pm to Tigers4life
It’s a bull market. Having to trade for your income in a bearish market will be another story. Probably more difficult; more trades but quicker to exit trades.
This post was edited on 8/29/20 at 3:32 pm
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)