The Stock Trading and Shitposting thread.

Blazin said:

So TSLA dropped $40.00/share from its high today, if it does it again tomorrow it would be nearly $20 below your strike, that "easy" $1.10 sure can change in a blink

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You're counting premarket where the volume is low and price is manipulated to be much higher. It actually only dropped $21.51 from market open.

That being said, I wouldn't have opened that CSP at market highs, would've waited for a red day.

So that DLO that I previously bought a monthly call and then sold for 17k gain. I ended up getting another call for it during one of the dips because I continue to read good things about the companies prospects, price targets, opportunities, etc.

My current call is Dec. 20th @ 8.00, and they have earnings tonight......the call is not until 1800 EST but methinks someone has insider info.... Awesome jump though! Now I have to decide if I let this ride a bit or just take the win early. avg. price target is in the 10-12$ range so not sure it can climb much higher but the charts looks good and it has positive news flowing for it. I can't really set a stop loss on this because of low liquidity and the low price makes the daily options swings pretty large so it would get executed instantly.

In the normal investing thread there was talk of speculative plays, but I prefer to keep that shit here. Anyway, my DLO options are up about 30% from earnings, but I have the dec expiry so I am going to let it travel a bit. It's about to bump up against 200DMA resistance wall. If it breaks I will probably hold, but if it bounces down off it then I might take my profits and consider getting back in at a lower price if it keeps fighting it.

My new speculative play, starting out with a small position of 12k, but went with RXRX

My DD is probably crap to some people but essentially it's using AI to help predict/synthesize chemical compounds and molecules instead of the old fashion way of doing it by hand running thousands of computer simulations. nVidia also have a fairly significant investment in them as well which gives me a boost of confidence. Their current financials are poop and short interest is high so this is another speculative play, but it is also starting to get a bit of a cult following online.

It's either going to fail:

• Fail
• Actually succeed as a company which would have amazing long term gains
• get run up on some short squeeze due to the WSB forum

I will exit on #1 and #3 once I am up 20% or more, if it looks like #2 is possible I will probably double my 12k position to what is my max of about 25k on the gamble stocks

I got these 3 payouts this week, that's $12k in two weeks. As you can see I go goblin mode the first day and then get the $200 consistency days after to secure the payout. To me, this is so much better than a personal account b/c if I blow up my XFA I've only lost a few hundred dollars instead of several thousand. Almost all of the trades were 1 NQ contract. Its definitely high risk/reward, but if you have a strategy that works you will make money.

That's awesome! How much time do you invest/"work" a day to achieve that? And I've never traded currencies(FOREX), that's what this is right? Are most of your trades in and out in minutes just using their insane margin?

It's futures, not forex. All my trades are on the Nasdaq (NQ) since its good for scalping. Usually trade from 9:30am est to around noon the first day. The rest of the days like 15m-30m.

As for the margin, yeah it's insanely high. On a 50k account you have 2k of draw down which isn't a lot when using NQ contracts.. since each candle can be $200-$400 dollars. My average trade time is around 1m using the 1m time frame. Others only last seconds, like scalping a single wick from a key pivot point bounce. It's definitely a rush.

You can trade MNQ instead which is 1/10th the margin. But I personally find that too slow when you're trying to get a payout every week. But I know other people who only trade safe and take a payout once a month. So it all depends on your trading style.

DLO has once again paid off. It is currently bumping up against a 200DMA resistance. If it can break through I will let the call ride a bit, but if it stalls there for a few days without good signals it can break I will sell for profit while it still has some value. Knowing my luck the day I sell it breaks through, but whatever, profit is profit.

It does have a decent history, good metrics, decent latest earnings, and emerging market opportunities with recent political changes. It also has a high short interest which could provide some upward pressure. I like this stock(for now) because it is not super flashy and is creating what appears to be a steady recovery from an all-time low. If the 50DMA does a nice smooth upward motion I'll be watching to get back in in hopes of it breaking positive as well. If it cannot hold I will probably be out of it for a while.