Boiler Room: The Official Stock Market Discussion

[FabTrey]

I'm not seeing any April calls

you are right. not seeing april either. I'll be looking at May 55c 1.5 range.

my thesis is that I feel like 45 was the bottom and it should start curling up especially with warren buffet news. S/L is obviously 45 or below

 

[FabTrey]

Understood, Long calls are safer?

usually yes, but remember all long calls eventually become ER plays. you have to scale out before ER and just leave a runner if you want to. if you are up 20-30% before the earning then be happy with the gain and move on. ER is almost always hero or zero. a bad ER is the best way to blow up account.

 

[FabTrey]

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.

I guess it really depends on the stock. Short-term ITMs are great, but man, those premiums can be crazy expensive. Personally, I just feel more at ease knowing I’ve got 3-4 months left. That way, I can hang onto a stock that's not doing so hot—sometimes all it takes is one good PR to turn a -30% back to green. And if nothing exciting happens by earnings, I just scale out and let a runner ride, hoping they crush it.

i do day trade 0dte or intra on SPY/QQQ. honestly, you really don't need to buy anything. if you are a chart expert, you can make shyt ton of money trading spy/qqq all day. but emotionally it can take a huge toll because shyts are violent.

 

[KING WILL]

Understood, Long calls are safer?

Id say yes. More room for error. Also, like homie said, less premium.

You can buy some short ITM calls, but that premium will eat into your profit.

Also, the way it was explained to me time kills your potential gains. I forgot the phrase he used, but heres how I understand it.

SP is $10, I buy $15 calls a few months out. Stock explodes early into my call, with 2 months left. My profits will skyrocket.

Same scenario, but your strike price doesnt start nearing $15 until 2-3 before your exp date. You potential profits will be a lot lower than mine.

 

[Still Benefited]

Liking ATER at this price. Already holding but might load the boat up today

 

[FabTrey]

Small Caps gang -​

I'm currently practicing in SIM with warrior trading and figuring things out. The other day, I made 5k (sim money) following Ross Cameron, and I even hit 10k in SIM recently.

My Plan:​

Once I feel ready, I’ll be opening a Lightspeed margin account. I still have Webull, but I’m really liking Lightspeed—it’s just so much better for day trading. I'll be paying for the speed, but IMO it's gonna be worth the premium.

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Footnotes & Observations:​

1. Ross Cameron's Live Broadcasts:
   • I follow his trades—if he’s in, I’m in. I don't just follow him though. I will also trade small size in penny stocks. Ross almost always get in something top and bottom of the hour when the news hits. in between, i can jump in to a penny stock.
2. Earning Potential:
   • This can be serious money. With just a 25k margin account, you get 4x buying power.
3. How Ross Trades:
   • He doesn’t go all in at once; he adds as the stock shows strength. For example, in SIM, I made 5k on MYSZ today by adding 500 shares when it was popping.
   • When it rested, I went in again. Here's the flow:
     • Added at $7, added at $7.15, took profit.
     • Added several times between $7.15 - $7.30, took profit at $7.45, added again.
     • Took a loss, added back in, and added when it broke $8.

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Key Takeaways:​

• Once you can consistently replicate Ross’s strategy, you can make day trading a full-time gig.
• Ross's style is risky, but if you want to reduce risk, GO SMALL SIZE. Instead of 500 or 1000 shares, start with 100. Hell, start with 20 shares. IF YOU CAN BE PROFITABLE IN SIM for 2 months, then you can take that next step.

Important: This isn’t for everyone. You need to study charts and commit to learning. And this is why I 100% recommend trying SIM first.

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A Note on Timing:​

• You can’t trade options in premarket, but Ross starts broadcasting between 7:00–9:30 AM EST. That’s the sweet spot where almost all his gains happen. He sometimes trades after 9:30, but premarket is where the action is.

 

[Still Benefited]

Bought a option on HSY,boring but lets see


Also grabbing up some more nio

 

[KING WILL]

Added to multiple options today.

Now I have 200 Jan 24 calls @ $110.