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.




Update: DLO broke through the 200DMA barrier! Now if it can hold it it should be able to soar to the next resistance, currently @17 as listed in the chart!

Does anyone have experience as a Funded Trader?

My own personal funds get tied up for several days at a time. Up until this morning, SCMI and Verizon were holding 90% of my liquid money. Its comforting to know theyre making money, but then I'm extremely annoyed when I cant catch simple day trades. For example: I know this stock I've followed for over a year is abnormally high, and it would just make sense to short it. Or its abnormally low, same situation in reverse really.

So I'm looking for a company that would let me play with 100k. I can make them their 8%, 10%, whatever, well within 30 days. So the companies doing like 70/30 split or something I feel would keep me entertained. I just dont know which company to choose / go with? Activation Fee's, purchase fee of the 100k, 250k, whatever etc. In all actuality, I should probably start with something small like 12,500. But will I still be able to day trade at that point? Then there are some that look like they have a trade "fee" ? Which 3 cents a stock isnt massive, but that doesnt exactly scream "trustworthy."

I'd love to claim that I'm some crazy 600% increase trader like all the Youtube videos are. Outside of SCMI, which is an anomaly for me and not a stock I understand at all - but I do, on average, get a return of around 15% on total assets per month of my own money on the stocks I do understand.

Blazin said:

Do you have a log of your 2022 trades doing 15% month?

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I only started towards the end of 2023, slowly. Ramping up from there. Scared to do anything at first. Now its just kind of became routine/ obvious.

Are you implying there is a business option that bases their decision off proof of longevity instead of the 30 day simulated trial?

No, he is implying we all want 15% per month but it is not typically obtainable consistently year over year.

Rangoth said:

No, he is implying we all want 15% per month but it is not typically obtainable consistently year over year.

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Ahh. Thanks for pointing that out. Ill just back out of the thread.

If you’re pulling 15% per month, my best personal friend is a Managing Director for Goldman Sachs London and he could set you up with some people where you would have a job immediately.

I’d love to see your trade logs.

Jysin said:

If you’re pulling 15% per month, my best personal friend is a Managing Director for Goldman Sachs London and he could set you up with some people where you would have a job immediately.

I’d love to see your trade logs.

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I explained in the other thread that Im new to all of this and even propped you guys up as better than me. Thats why Im asking you guys questions?... So obviously Im not connecting the dots here. I feel like you at least know what you're talking about, so Im responding to you in particular. But I dont feel like we're talking about the same percentage of a particular number. If I took 1000 bucks and turned around and made 150 bucks back over a month, I dont feel like thats that hard to accomplish. I've even said Im concentrating on Verizon and Intel in a different post altogether, since I "feel" like their volatility is low. Especially after Intel's earnings report and bomb drop in share price. Now if we're talking about the total expenditure each trade, and 15% of that number - then no. No where close to 15%. Im not parroting a Youtube video and even said Im not. If the 10% that a Funded Trader program is talking about, is talking about the total expenditure amount - then thats what I need to know so I dont waste my time. As I see it, I dont see where its all that hard to Short Intel at $25 bucks a share and wait, or Buy it when its at 21, for example. Never mind smaller trades throughout the day when the pattern is obvious.

The animosity and sarcasm for someone asking questions is a bit much for someone that stated they are clueless about the whole situation. Especially when I've seen images posted in the other thread where people are obviously using an F12 editing program because the math doesnt add up.

Daidraco said:

Does anyone have experience as a Funded Trader?

My own personal funds get tied up for several days at a time. Up until this morning, SCMI and Verizon were holding 90% of my liquid money. Its comforting to know theyre making money, but then I'm extremely annoyed when I cant catch simple day trades. For example: I know this stock I've followed for over a year is abnormally high, and it would just make sense to short it. Or its abnormally low, same situation in reverse really.

So I'm looking for a company that would let me play with 100k. I can make them their 8%, 10%, whatever, well within 30 days. So the companies doing like 70/30 split or something I feel would keep me entertained. I just dont know which company to choose / go with? Activation Fee's, purchase fee of the 100k, 250k, whatever etc. In all actuality, I should probably start with something small like 12,500. But will I still be able to day trade at that point? Then there are some that look like they have a trade "fee" ? Which 3 cents a stock isnt massive, but that doesnt exactly scream "trustworthy."

I'd love to claim that I'm some crazy 600% increase trader like all the Youtube videos are. Outside of SCMI, which is an anomaly for me and not a stock I understand at all - but I do, on average, get a return of around 15% on total assets per month of my own money on the stocks I do understand.

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Is funded trader the same as working for a prop trading firm?

Daidraco said:

I explained in the other thread that Im new to all of this and even propped you guys up as better than me. Thats why Im asking you guys questions?... So obviously Im not connecting the dots here. I feel like you at least know what you're talking about, so Im responding to you in particular. But I dont feel like we're talking about the same percentage of a particular number. If I took 1000 bucks and turned around and made 150 bucks back over a month, I dont feel like thats that hard to accomplish. I've even said Im concentrating on Verizon and Intel in a different post altogether, since I "feel" like their volatility is low. Especially after Intel's earnings report and bomb drop in share price. Now if we're talking about the total expenditure each trade, and 15% of that number - then no. No where close to 15%. Im not parroting a Youtube video and even said Im not. If the 10% that a Funded Trader program is talking about, is talking about the total expenditure amount - then thats what I need to know so I dont waste my time. As I see it, I dont see where its all that hard to Short Intel at $25 bucks a share and wait, or Buy it when its at 21, for example. Never mind smaller trades throughout the day when the pattern is obvious.

The animosity and sarcasm for someone asking questions is a bit much for someone that stated they are clueless about the whole situation. Especially when I've seen images posted in the other thread where people are obviously using an F12 editing program because the math doesnt add up.

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We are not trying to intentionally shit on you, I've made 300%+ on single trades with research and a bit of luck. Is it possible to make 15% per month? Technically yes, you could make it per day with the right trades. But you will lose some trades, happens all the time! Also depends on the type of trading you do and the long term goal.

It will be very hard to lose "long term"(subjective I know) if you stick with solid index or brand names, Apple, Google, SPY, etc. Sure you still can lose, but at least if you buy in at the wrong there is a chance a year later you will still be ok. Like anything in life, not always true. There was a reddit post(perhaps fake) of some dude who YOLOd into intel at the wrong time. He's now down big time. Intel is a fairly solid company and name though so if he treats it more like a retirement account I bet he can come back in 5 years to it being up again.

Most of my failed trades are because I did not do my due diligence, I was too eager to buy in and did not wait for a good price(matter more in short term trades or options), or it was a risk I was willing to take for a bigger reward.

Now, if you want to earn 1-3% per month, that is absolutely possible and you can do so fairly safely with wheel type strategies on "safe" tickers. if you are diligent and good with technicals you could probably beat the S&P consistently by a few % points. But it's not a get rich quick scheme.

Also have a goal. I've mentioned many times I have my retirement account which is fairly low risk type stuff because....well I want to retire safely. I also have a personal account where I take much more risk.

tugofpeace said:

Is funded trader the same as working for a prop trading firm?

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I have no idea. Im taking classes in a group called Surge University - which is affiliated with Liberty University in some type of way. But they have a 15 minute class on Funded Trading and the pitfalls associated with them. But they dont go into details, which .. I figured this place was just as good as Reddit when trying to learn about them.

If you google Funded Trader programs - the first one that comes up is the same one thats been advertising to my Algo ever since I learned about them. This is their setup: