Boiler Room: The Official Stock Market Discussion
Even tho pltr finished red, the option ended up 28%.
I still don't fully understand how it all works, but I do think theres something to my strategy of buying a good name on a red day.
I actually got 100 at 1st. It dipped a lil more and I added 50 more.
I also got hip on using that limit order. Even if I have to walk it up cent by cent.
Mirin4rmfar
Superstar
Interesting, with the Internet age, I think it's easier to pick individual stocks. I just wish someone taught me the importance of investing at 18.I have always been cheap and lived below my means but if I learned investing at 18 , I would be so far ahead. I spent 7-11 years saving money until 2020. My savings grace was being cheap And maximizing my 401k.
I am a high risk high rewards by nature and know I would have dump money in Tesla between the 4-20.
This.
Ive tried to put so many ppl on. I ended putting a few ppl on, but no one in my immediate circle.
shyts sucks.
I lil bro moving back home. Imma make a hard run at him once he settles back in.
SES Now at .81 ,let the cooking commence.
From .30 to 1.70 SES,dinner was served
I sold at 1.70 or 1.80 while i was at work after I got an alert it hit my target. Still holding about 200 shares,but sold the other 800. Started out with 3000 shares. Ive had a few like MVST,KULR where i had thousands of shares but sold out of a large portion a dollar or 2 too soon. Thats literally a few thousand im leaving on the table.. had 6000 shares on MVST and sold at the first sign of a pop
KITT made a nice run in after hours too.
Im buying INTC,ADM,AAWH,more ARRY and last but not least RGNX tommorow.(long holds)
From .30 to 1.70 SES,dinner was served
I sold at 1.70 or 1.80 while i was at work after I got an alert it hit my target. Still holding about 200 shares,but sold the other 800. Started out with 3000 shares. Ive had a few like MVST,KULR where i had thousands of shares but sold out of a large portion a dollar or 2 too soon. Thats literally a few thousand im leaving on the table.. had 6000 shares on MVST and sold at the first sign of a pop
KITT made a nice run in after hours too.
Im buying INTC,ADM,AAWH,more ARRY and last but not least RGNX tommorow.(long holds)
Added some INTC today.
Why April and not February?
It's your choice, but going with expiration dates further out is generally safer. Time is money. I’m currently in a March 50 call and considering adding more positions between April and June.
Yea man. I work with a guy that only does options. I just recently started with options and I would send him screenshots of what I buy.
1st few times, he would respond with whoaaaaa! Youre way far out and OTM. He said he would only buy short term ITM calls.
Well, FF a 2 weeks and hes using my model.
But I like said, Im new to this. But when I would play with the options it never made sense to me to buy a call ITM with a few days till it expires for lets say $500 with limited upside.
When I can buy 1 a few weeks/months out for $100 thats OTM, but all I need is a 15% SP gain in order to make money.
Also, b4 I buy an option, I play around multiple dates and multiple prices.
So, often I find a super sweet spot. Where its basically the same price for $100 Sp in Feb and a $105 Sp in April.
In my mind, why wouldnt I give myself 2 extra months for the same price, or even cheaper for only a $5 difference in SP.
I hope I explained that well.
Mirin4rmfar
Superstar
Getting laid off last year accelerated my appetite for risks. I need a way out of this shyt. Hate the fact that my livelihood is in the control of someone. This is the only way I see an option out.
People are scared , also a lot of people have had shytty experiences after going in during the pandemic and catching a falling knife. I was drowning in red in SOFI for 3 years...lol could have easily been ttcf. People should at least do a managed account once they have enough funds
Mirin4rmfar
Superstar
I'm not seeing any April calls
Understood, Long calls are safer?