LionofJudah
Banned
Everybody else that quoted me, i'll get back to you later today.
Don't trade stock options breh...
- Thread starter LionofJudah
- Start date
Lakers Offseason
Superstar
OP is offering irresponsible advice
Everyone isnt cut out for day trading.... its a full time job... that even people who go to school to do aren't always good at
You should def have some investments, but you gotta have a plan and know what the hell youre doing
I have most of my shyt in my 401K and indexes... my shyt's been seeing 10%+ returns over the last 2 years
If you put a little more effort in your portfolio, your return could have been greater the past 2 years.
My returns YTD alone has been 86%
You are giving irresponsible advice. "Stop living paycheck to paycheck" but no kinds of indications of what position someone should be in before they start investing, no mentions on how much to hedge, the whole idea that someone has to trade stocks to not live paycheck to paycheck....
You trying to teach nikkas how to sprint before they can even crawl.... telling people to live within their means and make a budget would be the better thing to do
LionofJudah
Banned
Right...get off my dikk breh. If you want to make a thread about hedging and what not (which isn't really an option when you're TRADING, not INVESTING), then do that. Keep my name out your mouth though. You sound like a bytch.
sub
LionofJudah
Banned
@Sachs, Fifth Avenue you see this shyt going on with the NASDAQ?
Lakers Offseason
Superstar
We are eating today brehs
LionofJudah
Banned
We are eating today brehs
You holding some puts in any tech stocks?
Outside of it beasting...whats going on breh? i know yesterday the SPY had another one of its kneejerks...i never understood those
But yea I havent been following the markets the past two weeks.
LionofJudah
Banned
Outside of it beasting...whats going on breh? i know yesterday the SPY had another one of its kneejerks...i never understood those
But yea I havent been following the markets the past two weeks.
The NASDAQ has been halted for an hour. They are saying it's a major computer problem.
havoc
Superstar
*Bump*
I am interest in investing in penny stocks. I have read on penny stock.net that you can purchase stocks lower than $5.00 a share. So, I have some money to lose. I have a couple hundred dollars to play with. Is that enough to make a good investment in penny stock ?
I am interest in investing in penny stocks. I have read on penny stock.net that you can purchase stocks lower than $5.00 a share. So, I have some money to lose. I have a couple hundred dollars to play with. Is that enough to make a good investment in penny stock ?
DeuceZ
Li pitit gason
Just wanted to do a quick thread to put y'all up on making money in the stock market, with very little capital. I'm no stock guru or anything like that, but I try to make my living doing this. Here are a few trades that I made earlier this year to show you the power of trading stock options. You can seriously make a great deal in a short amount of time, if you know what you're doing.
Basic Option Info
Call Option-An option to buy assets at an agreed price on or before a particular date.These are normally bought when you think a stock price is going to increase.
Put Option-An option to sell assets at an agreed price on or before a particular date. These are normally bought when you think a stock price is going to decline.
Strike Price-The price at which a put or call option can be exercised.
1 option contract is equivalent to 100 shares of the underlying security (stock). So if I buy 5 call options of Yahoo at a strike price of $25.00 for .20 each, I am spending $100 (excluding commissions). [5 contracts X 100 shares=500 X .20 each=$100 ]
All of these transactions took place over two weekdays. Initially, I bought 43 put contracts of stock BRK.B (Berkshire Hathaway) for .20 each on a Thursday for a total of $920.75 (including commissions). The price of BRK.B (the stock) decreased so the Put option price that I bought increased. I sold all 4300 contracts at .35, so I nearly doubled my money that same day [43 contracts X 100 shares=4300 X .15=$645]. This is a great return, but I really want you to look at later on that day. I took most of my funds and bought 13 Call contracts of LNKD (LinkedIn) @ $1.05 each. LinkedIn was going to announce quarterly earnings that night and there was a rumor that they would be great, so I took a chance and held overnight. The earnings were great and the stock exploded in Afterhours trading. Options don't trade in afterhours, so I had to wait till the next day to sell them. I sold all 13 contracts not long after opening bell for $7.50 each. Here is the math on that one (13 contracts X 100 shares=1300 X 6.45=$8385.00 profit)! This is holding for less than 24 hours...After I sold, the stock continued to climb. I thought it was going to pullback some, so I bought a few put contracts but I lost some of my profit on that as you can see. But this is the POWER OF TRADING OPTIONS. If I had held my original call options on LNKD until later in the day, I would have made over $20,000 IN ONE DAY FROM AN INITIAL INVESTMENT OF NEARLY $1,400.00. Of course, this isn't necessarily an everday occurrence, but it all depends on what you're trading and how much you're risking. At the link below, there is a guy who has been making hundred of thousands trading options and he documents it for everybody.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90738925
This is something to look into if you've ever wanted a career in the stock market, but never quite had to money or time to look into it. It's time to stop living paycheck to paycheck. If you have any questions, I'll try to answer them.
Opinion on stick options offered by employer? I read a little on them and Im a lil iffy and getting taxed even before you redeem the gains
LionofJudah
Banned
Opinion on stick options offered by employer? I read a little on them and Im a lil iffy and getting taxed even before you redeem the gains
Don't really know much about those ones, except you should hold them as long as possible if you believe in the company. Otherwise, selling at the 52 week high is preferable.