Investing General Discussion

Sanrith Descartes · Dec 22, 2021

Tmac said:
Bro. Get out of options. For the love.

No. Options good. Shitty stocks bad.

Moglyzoke Moogleman · Dec 22, 2021

Tmac said:
Bro. Get out of options. For the love.

Not options? I know I sound like a total fucking dumbass in most of my posts but I am in fact smart enough to avoid options.

Sanrith Descartes · Dec 22, 2021

Moglyzoke Moogleman said:
Not options? I know I sound like a total fucking dumbass in most of my posts but I am in fact smart enough to avoid options.

Learn how to use options. Practice on paper. Once you understand them and can make informed investing decisions with options your portfolio will thank you.

Moglyzoke Moogleman · Dec 22, 2021

Sanrith Descartes said:
Learn how to use options. Practice on paper. Once you understand them and can make informed investing decisions with options your portfolio will thank you.

I was advised to master equities prior to diving into options. What are your thoughts? I feel like with my gambling-addict nature I'll end up blowing up my account (more than I already have.)

Edit, follow up question : can options be done in paper trading?

Tmac · Dec 22, 2021

Moglyzoke Moogleman said:
I was advised to master equities prior to diving into options. What are your thoughts? I feel like with my gambling-addict nature I'll end up blowing up my account (more than I already have.)

Edit, follow up question : can options be done in paper trading?

LMAO.

From your posts, I just assumed they were options. Your risk tolerance is wildly high.

Moglyzoke Moogleman · Dec 22, 2021

Tmac said:
LMAO.

From your posts, I just assumed they were options. Your risk tolerance is wildly high.

Heh understood the way I wrote it sounded like a strike price. That's just my basis to sell to break even.

As much as Id love to claim having a high risk tolerance, there have been more than a few meltdowns (including even one today!)

Jysin · Dec 22, 2021

Moglyzoke Moogleman said:
I was advised to master equities prior to diving into options. What are your thoughts? I feel like with my gambling-addict nature I'll end up blowing up my account (more than I already have.)

Edit, follow up question : can options be done in paper trading?

It was probably me who dished that advice, and I strongly back that. If you arent positive trading common stocks, you shouldn't even be thinking about options.

You can papertrade options in ToS. (perhaps some others too)

Sanrith Descartes · Dec 22, 2021

Moglyzoke Moogleman said:
I was advised to master equities prior to diving into options. What are your thoughts? I feel like with my gambling-addict nature I'll end up blowing up my account (more than I already have.)

Edit, follow up question : can options be done in paper trading?

1. You are 100% correct. Learn equities first. You have to understand the instruments you are trading.
2. Yes you can do options on paper. I know myself and others here track every single option trade on paper. You just make a spreadsheet and use fake money to practice.
3. Start here for an overview.

Everything Options

Options can be a powerful tool to add to your investing/trading toolkit. They can dramatically increase your risk or they can mitigate it and everything in between. This thread is for discussing options plays, options education and questions. I have been trading options for about 20 yrs now...

www.firesofheaven.org

Sanrith Descartes · Dec 22, 2021

Jysin said:
It was probably me who dished that advice, and I strongly back that. If you arent positive trading common stocks, you shouldn't even be thinking about options.

You can papertrade options in ToS. (perhaps some others too)

Pen and paper and/or Excel will also work.

Sanrith Descartes · Dec 22, 2021

3:51pm

santa claus christmas GIF by ANTIQUES ROADSHOW | PBS

Sanrith Descartes · Dec 22, 2021

FB and TWTR both red today...

Dance Dancing GIF by The Dude Perfect Show

Sanrith Descartes · Dec 22, 2021

Sanrith Descartes said:
3:51pm

8 of 10 green candles into the close...

Rais · Dec 22, 2021

I panic sold all my stocks and threw it into bonds. I just feel that Brandon is going to pull an extreme and people will flip the fuck out and everything drops 50% of when it dropped with Trump.I hope I’m right. Looking back I had bought in at the cash Dave and busters, amd, and Hertz (herc). My buy in for Hertz was 12 dollars. So depressed.

Sanrith Descartes · Dec 22, 2021

Rais said:
I panic sold all my stocks and threw it into bonds. I just feel that Brandon is going to pull an extreme and people will flip the fuck out and everything drops 50% of when it dropped with Trump.I hope I’m right. Looking back I had bought in at the cash Dave and busters, amd, and Hertz (herc). My buy in for Hertz was 12 dollars. So depressed.

Moglyzoke Moogleman · Dec 22, 2021

I will post a recap once Im done reading all 1000 backpages of this thread, but TJT mentioned never selling at a loss unless one NEEDS that money. Resonated well with me (and my bags.)

Fogel · Dec 22, 2021

Moglyzoke Moogleman said:
I will post a recap once Im done reading all 1000 backpages of this thread, but TJT mentioned never selling at a loss unless one NEEDS that money. Resonated well with me (and my bags.)

That can be bad advice, look up sunk cost fallacy

Moglyzoke Moogleman · Dec 22, 2021

Fogel said:
That can be bad advice, look up sunk cost fallacy

It can absolutely be but alot of what Ive sold early rebounded. And Im not so confident yet In making that money profitable elsewhere.

Sanrith Descartes · Dec 22, 2021

Moglyzoke Moogleman said:
I will post a recap once Im done reading all 1000 backpages of this thread, but TJT mentioned never selling at a loss unless one NEEDS that money. Resonated well with me (and my bags.)

No. selling is the proper course in certain instances. If a stock fundamentals systemically change after purchase and this changes your future view of the stock then selling is good (even at a loss). If your decision to buy the stock was just plain bad, selling at loss may not be a bad idea. Remember, let your winners run and cut your losers short.

Sanrith Descartes · Dec 22, 2021

Moglyzoke Moogleman said:
It can absolutely be but alot of what Ive sold early rebounded. And Im not so confident yet In making that money profitable elsewhere.

You have to understand "why" you are selling. The why is key.

Moglyzoke Moogleman · Dec 22, 2021

Sanrith Descartes said:
No. selling is the proper course in certain instances. If a stock fundamentals systemically change after purchase and this changes your future view of the stock then selling is good (even at a loss). If your decision to buy the stock was just plain bad, selling at loss may not be a bad idea. Remember, let your winners run and cut your losers short.

I mean my heavy HEAVY bag that Im down 10k on, I have zero faith that remaining 3k is gonna be put to good use anywhere. Including in a safer asset.

Investing General Discussion

You have insufficient privileges to reply here.

This Site Sucks Hairy Asshole

You have insufficient privileges to reply here.

This Site Sucks Hairy Asshole

Adventurer

This Site Sucks Hairy Asshole

Ahn'Qiraj Raider

You have insufficient privileges to reply here.

You have insufficient privileges to reply here.

You have insufficient privileges to reply here.

You have insufficient privileges to reply here.

You have insufficient privileges to reply here.

Trakanon Raider

You have insufficient privileges to reply here.

This Site Sucks Hairy Asshole

Mr. Poopybutthole

This Site Sucks Hairy Asshole

You have insufficient privileges to reply here.

You have insufficient privileges to reply here.

This Site Sucks Hairy Asshole