Boiler Room: The Official Stock Market Discussion

[manyfaces]

ZOM going stupid in the pm. Lord knows I need this win

 

[Rickdogg44]

Anyone seriously trade options here, 30k enough to start with?

Please do NOT jump straight into options with 30k. If anything read / watch about ThetaGang and Wheel Strategy first.

If you feeling frisky tho... Could end up paying that 30k Wall Street tuition

 

[Serious]

Anyone seriously trade options here, 30k enough to start with?

We've seen a lot of "loss porn" about options, so let me counteract that with a little "gain porn".

In the past month I've turned about $10,000 in TSLA options into $45,700.
Not bad for a stock that I've been calling overpriced the whole time .

I started with one $650 call that I bought for about $5000, and I rolled that plus another $5000 into five $850 calls:

I'll probably cash out when we get around $920 and buy back one single cheap call. Hope I have the discipline to leave this casino.

 

[Spree At Last]

Anyone seriously trade options here, 30k enough to start with?

Definitely enough to get started. Some suggestions: keep your options budget to 10-20% of your portfolio, and make sure to have a solid foundation of stocks / ETFs to balance the risk. Buying weekly out of the money options is usually a recipe for disaster, so try to mainly buy options with reasonable strike prices that expire in a few months to minimize time decay (these will cost more but they pay off way more frequently). Try to buy when volatility is low and not after huge moves in the stock price.

 

[Serious]

EH at 27

 

[BaileyPark31]

Thanks to whomever put me up on ZOM / Zomedica. Up abt 30%

Does anyone have any other good penny stocks?


Also, is it safe to have my coinbase account verified with my ID? Do I really need to do That?

Thanks in advance.

ZOM is up.

Guess I'll be holding onto it for a while.

 

[NatiboyB]

I just took profit on 250 shares of zom im going to let the other 250 ride.

 

[mannyrs13]

Apparently webull is hating on my trailing stop loss trade. Was gonna put one on zom but it only allows for day instead of gtc.

Set one anyways but I'll have to find another way since its only good for day.

 

[Majestic]

Did anyone get in on PLUG at 5.40 last year and held? if you did congrats on the lick.

 

[who_better_than_me]

Definitely enough to get started. Some suggestions: keep your options budget to 10-20% of your portfolio, and make sure to have a solid foundation of stocks / ETFs to balance the risk. Buying weekly out of the money options is usually a recipe for disaster, so try to mainly buy options with reasonable strike prices that expire in a few months to minimize time decay (these will cost more but they pay off way more frequently). Try to buy when volatility is low and not after huge moves in the stock price.

Buying weekly is risky period at the moment unless you know a breakout is imminent. I’ve been goin long.

built up my pier nicely that way: the best long play is NIO 2022 80 call. Only cost me $2000up 1000dollar so far and still got 18 months left

 

[Doomsday]

I just took profit on 250 shares of zom im going to let the other 250 ride.

Always better to be safe but man your position was so small you might as well rode it out.

 

[Originalman]

Did anyone get in on PLUG at 5.40 last year and held? if you did congrats on the lick.

I got plug last year at $18 a share this mothafukka is going crazy the last 5 days...

I am mad I only bought 50 shares....got damn mothafukka....

These ain't shyt reddit mothafukkas done made me some money the last 6 months...

 

[Teal.]

NAKED may turn into ZOM let go... I needed this this week.

 

[Hiphoplives4eva]

Where the OPTI bulls at?


I'm hearing we're entering the EV market. This one is moving nicely. Consider buying a small amount as it's cheap now if you want to gamble in the covid/EV space. Also check $opti on Twitter for more information. Great discussion.

 

[chineebai]

NOVS up another 8%. Sold 75% of my shares.

UPWK Boom!