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Started By
Message
re: Bear market rally
Posted on 7/24/22 at 11:21 am to go ta hell ole miss
Posted on 7/24/22 at 11:21 am to go ta hell ole miss
quote:
The reason the 75- 80% myth persists is because only 10-20% of option contracts are exercised.
I agree. The vast majority of people aren't buying options with the expectation of exercising. I don't know why that fact is relevant in these discussions.
0
Posted on 7/24/22 at 11:46 am to go ta hell ole miss
quote:
You have to ignore the fact that 60%-65% of option contracts that are closed out prior to expiration
This is because of the dirty secret the options bears don’t want to talk about: a significant portion of options are bought simply to mitigate preexisting risk. They were never expected to make money.
If we were able to gather data on and analyze the proportion of contracts that hit vs. miss which actually had intentions of making money I would bet the ratio would be much more palatable.
But most people would rather stick their head in the sand and say it’s impossible to predict the market so why should you even try. Why would I bet big on an individual stock at a 2x P/E ratio that has good fundamentals? You can’t predict what it will do! Just DCA in! Buy the dip!
Weak.
This post was edited on 7/24/22 at 11:48 am
Posted on 7/24/22 at 3:05 pm to Guntoter1
quote:
Yes, I am a trader. Not an investor.
What are your positions? Must be very risky to be this worried.
Posted on 7/24/22 at 8:00 pm to JimMorrison
quote:
What are your positions? Must be very risky to be this worried
Yes it is very very risky.
Vexax
Asts
Dkng
Posted on 7/24/22 at 8:34 pm to Guntoter1
The best trading advice I can give you is, you’re going to be wrong a lot. Don’t waste energy calling your own shots, just find the worst, most FOMOy traders in the chat room who lack self control and fade him until they go bust.
Treat the trading room like an online poker table, you should have a book of fadeable traders, the sectors they’re biased towards (crypto, pot , ev, etc) , and setups and situations where they tend to buy the tops of crazy moves.
Treat the trading room like an online poker table, you should have a book of fadeable traders, the sectors they’re biased towards (crypto, pot , ev, etc) , and setups and situations where they tend to buy the tops of crazy moves.
This post was edited on 7/24/22 at 8:36 pm
Posted on 7/24/22 at 8:43 pm to Guntoter1
PS take your FOMO out back and shoot it. You’re a trader, there’s a new setup every 10 minutes. FOMO is for crypto kids and meme stock traders.
This post was edited on 7/24/22 at 8:45 pm
Posted on 7/24/22 at 9:13 pm to Guntoter1
It was a gap fill
Posted on 7/24/22 at 9:28 pm to Guntoter1
quote:
Indicators? Lol , my gut
Upvote for being honest.
Posted on 7/24/22 at 9:48 pm to Jag_Warrior
quote:
indicators
Use MACD. Look for multiple time periods converging simultaneously. 1D, 5D, 1M. If buying options, buy assuming your timing is off by a week or two to give it time to watch the play through
Posted on 7/25/22 at 5:42 am to Guntoter1
As an investor, I welcome periods like we’re in since I’m going to be a net buyer for the next 5-10 years.
Any trading that I do is based on the Investors business daily Leaderboard program.
Any trading that I do is based on the Investors business daily Leaderboard program.
Posted on 7/25/22 at 8:49 am to JLivermore
quote:
you should have a book of fadeable traders,
Husss
End of book
This post was edited on 7/25/22 at 8:50 am
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