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Yeah seriously. If someone knew why stocks are failing they would be rich. Similarly, why they are rising. The only reason is someone is buying and someone is s
by marketgod 6y ago
Yeah seriously. If someone knew why stocks are failing they would be rich. Similarly, why they are rising. The only reason is someone is buying and someone is selling, any other reason is to get clicks.
Yesterday's drop you could see it coming 5-days ago but if you had gone in 5-days ago you would not be making money today, so it's hard to just time it that well. RSI was high, volume was drying, many other indicators.
Edit: To add let's not forget there was a huge run on Tech so everyone is re balancing. This is a BTD opportunity.
- abduhl 6y agoThe standard response to anyone who posts something like this is still “post positions or stfu,” correct?
- edoceo 6y agoNot here. And if you try that on WSB you'll need more name-calling.
- marketgod 6y agoHere were my positions yesterday. I got hit up on AAPL/TSLA which were being held from a day earlier. However, during the market this is what I did: executed: BTO SPY 2020-Sep-09 340 Put @ 2.39 DAY executed: BTO SPY 2020-Sep-09 340 Put @ 2.72 DAY executed: STC SPY 2020-Sep-09 340 Put @ 2.90 DAY At peak it was 40%, but I just needed the 10% to make up all my losses. Then I got onto calls: executed: BTO SPY 2020-Sep-09 350 Call @ 1.82 DAY Were up 25% today but I held them as the market is still strong.
- brendawalsh 6y agoAre your Puts naked?
- DarmokJalad1701 6y agoLong puts don't need collateral. Since he said "BTO" instead of "STO", naked or not is not applicable.
- edoceo 6y agoBTO = Buy to Open (open the position) STO = Sell to Open When selling calls, you want to hold the underlying, else you're naked. When selling puts your coverage is cash
- marketgod 6y agoAll my positions are always posted. My Discord is open.If you read my post, I did not say I made money on this drop, but I did see it coming, however, I am bullish, so I am not going to flip a switch on a whim. Look at all my posts in my #updates channel the last 2-days. I have called this is a fake out and a rebound. Think about this when you read a news article and they make a statement, what are this person's credentials? Since they are useless, go look at fundamental/technical analysis instead of media noise. Edit: New TSLA position taken: executed: BTO TSLA 2020-Sep-11 490 Call @ 8.09 DAY
- brendawalsh 6y agoInteresting position. I like it. It took me a bit of time to realize you can make money “out of the money” with options.
- marketgod 6y agoWith options you make more money selling the option before expiry so the out of the money will have more theta value so you will likely get paid more. Also if theta is higher and the cost of the contract is low, you are getting more for premium (extrinsic) versus intrinsic value.
- abduhl 6y agoTSLA $490C expiring 9/11 now worth $0.65 Nice play
- abduhl 6y agoTSLA $490C expiring 9/11 now worth $0.50 at close
- marketgod 6y agoSo I lost $800 per contract but I made $30,000 per contract on my last trade so does it affect me? Shit happens. You take your losses. Market is still fine. I don't know if your nice play comment was supposed to be some smart alec reddit comment however if it was then continue being someone's personal slave. Thanks.