The Stock Trading and Shitposting thread.
- Thread starter Araysar
- Start date
-
Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Jysin
Ahn'Qiraj Raider
- 6,471
- 4,368
Rangoth
Blackwing Lair Raider
- 1,735
- 1,864
Closed out the ACB weed position for a 10% gain. I know they were long and intended for massive gains, but I think this was a little mini bounce between support and resistance lines so I decided to take my little 4k gain and then put a price alert for when it goes back down to the support level. At that point I will rebuy the same position at the same price for the same reason.
Reason: Buy long enough out to let some completely irrational political announcement that weed will be considered legal at the federal level to cause the typical double in price move in a week.
Edit: I am trying to be a bit more disciplined on open calls/puts which is why I couldn't resist the little gain here. Too many times I've been up 10% like this only to watch it go right back to 0% 5 days later and I keep thinking to myself "I should have taken the 10% and then if it goes back I would have the same reasons to re-enter!"
My fear of course is missing on the next 60% jump, but history has shown me I've only missed that twice and had the former happen dozens of times, plus I've learned to read momentum and technical lines better. Nothing here showed a breakout and all signs point to me being able to rejoin in a week or two
Reason: Buy long enough out to let some completely irrational political announcement that weed will be considered legal at the federal level to cause the typical double in price move in a week.
Edit: I am trying to be a bit more disciplined on open calls/puts which is why I couldn't resist the little gain here. Too many times I've been up 10% like this only to watch it go right back to 0% 5 days later and I keep thinking to myself "I should have taken the 10% and then if it goes back I would have the same reasons to re-enter!"
My fear of course is missing on the next 60% jump, but history has shown me I've only missed that twice and had the former happen dozens of times, plus I've learned to read momentum and technical lines better. Nothing here showed a breakout and all signs point to me being able to rejoin in a week or two
- 2
Yeah, $155 days can feel like a grind, but at least it's something. I’ve been mixing in some automated trading with prop firm EA setups lately, just to see how it goes. It’s nice to have that running in the background while still trading stocks. Keeps things moving without having to constantly watch the charts. Anyone else here try something similar?
Last edited:
- 1
- 1
The_Black_Log Foler
PalsCo CEO - Stock Pals | Pantheon Pals
- 47,796
- 43,000
Moglyzoke Moogleman
This Site Sucks Hairy Asshole
- 614
- 483
Gonna have to donate her gold status for this illustrious insight.
- 1
Rangoth
Blackwing Lair Raider
- 1,735
- 1,864
This absolutely belongs in the shitposting thread and pursue at your own risk, but there is a fairly good setup for a potential short squeeze
If you join have a solid exit plan though it does seem to have found a bottom around 7.50$+
My calls are for the 18th. I plan to hold shares and the C as close to expiration as possible while still making at least a penny of profit. Basically I am holding on to see if the squeeze happens, if not I will either bail or roll to try again next month.
I have some shares too, but the C is working nicely, DLO ticker
Update:
This thing has not stopped! But I am sticking with my plan to hold until next Friday(with a general safety put in) and see if it can pop another 20-30%
If you join have a solid exit plan though it does seem to have found a bottom around 7.50$+
My calls are for the 18th. I plan to hold shares and the C as close to expiration as possible while still making at least a penny of profit. Basically I am holding on to see if the squeeze happens, if not I will either bail or roll to try again next month.
I have some shares too, but the C is working nicely, DLO ticker
Update:
This thing has not stopped! But I am sticking with my plan to hold until next Friday(with a general safety put in) and see if it can pop another 20-30%
Last edited:
Rangoth
Blackwing Lair Raider
- 1,735
- 1,864
Sold DLO for 17k gains!
Not bad for the period of hold.
Decided to double dip this horse. Bought the Nov calls @ 8 strike for about .95c, they are basically even right now but all of the charts show this may have some additional(but slow) legs up. I don't know what expectations I have for this honestly, maybe start looking to sell @1.50, so a 50% gain which should be possible based on current path. At that point I would do what I did last time and let it run if the chart still looks ok.
Not bad for the period of hold.
Decided to double dip this horse. Bought the Nov calls @ 8 strike for about .95c, they are basically even right now but all of the charts show this may have some additional(but slow) legs up. I don't know what expectations I have for this honestly, maybe start looking to sell @1.50, so a 50% gain which should be possible based on current path. At that point I would do what I did last time and let it run if the chart still looks ok.
Last edited:
- 1
- 1
Indyocracy
Stock Pals Participant
- 1,113
- 5,208
Well, I have been on the sidelines for a few months due to life. Got bored decided to sell 50 GT $9 puts for 11/15, they have earnings Monday and I got .85 per contract. I got $4200ish in premium and just hope that she flips my way.
Last edited:
- 2
Rangoth
Blackwing Lair Raider
- 1,735
- 1,864
What you do have going for you is the lowest it has ever been was around 5$ and it didn't stay there long. So if you get assigned you could probably CC your way back up 8.15$ in a month or 3 max I don't think GoodYear as a brand is going to vanish.
I don't think GoodYear as a brand is going to vanish.- 1
Indyocracy
Stock Pals Participant
- 1,113
- 5,208
GT puts closed, kept $1,200 in premium, 2.8% roi for about a week of having my money held up up
- 1
- 1
Aaron
Goonsquad Officer
- 8,789
- 20,636
I can't believe SpaceX is not a publicly traded company. After tonight's win I figured that SpaceX stock is going to go to the moon (as the company will literally be going there and elsewhere too), but it seems you can't do it. Shame as I feel strongly that SpaceX is going to be to the space sector as the Ford Motor Company was to automobile manufacturing in the early 20th century. Shares in this company could go up an order of magnitude or more over the next 10-20 years unless something drastic happens.
- 12,774
- 49,769
I do believe that if Elon had his way he'd find a way to take Tesla private as well. I don't suspect SpaceX will ever be public.
Lunis
Blackwing Lair Raider
- 2,290
- 1,521
I don't know how many of you use prop firms but it's been going very good for me. Made 6k last week from Topstep. You need at least 5 days of $200 in profit for a payout, so what I've been doing is going yolo the first day in an XFA and make somewhere between $2k-4k (on NQ) and $200 the next 4 days. You can copy trade these accounts so I've been using 3. Each account will cost somewhere between $200 and $300 for the combine/activation.
Jysin
Ahn'Qiraj Raider
- 6,471
- 4,368
Buyer beware. (source is a verified 8 figure top trader of a traditional brick and mortar legit prop firm)
Lunis
Blackwing Lair Raider
- 2,290
- 1,521
I'm not sure I understand what that guys point is. No one is mistaking a funded account from a prop firm (which is still a simulated account) with a real live account. Prop firms are a gamification of trading, but who cares? You still make money at the end of the day if you can trade. I've already gotten around $12k in payouts from Topstep and never had a problem, it gets wired directly to your bank account.
tugofpeace
Trakanon Raider
- 323
- 701
Anyone think TSLA CSPs are pretty easy money? I'm seeing premiums of $1-1.25 for contracts where the underlying has to make a 15% drop to be ITM.
So this week for example, $297.5P yields $1.10.
So this week for example, $297.5P yields $1.10.
Blazin
Creative Title
- 6,986
- 36,281
Well the options represent the insane IV TSLA currently has. So YES but just remember they are priced that way for a reason. TSLA could for example drop 15% in about 6 hrs given recent volatility.
tugofpeace
Trakanon Raider
- 323
- 701
How often does that happen though? Has to be really bad news for such an event IMO. I am going to start selling these 4 DTE. The way I see it, such a drop is almost a black swan type event, and if it does happen, I can sell CCs to breakeven which would yield much higher premium.
- 1
