Investing General Discussion

You were way out of the money to start, which means the entire bet is time essentially. So every minute is less of that. these kind of bets can print serious cash if the premise is correct or random luck. Hence your 75 was worth 750 at one point. 10x in under a day!
now imagine you bet 5k, or 50k…..

downside is there is no margin for error. I don’t do the 0/1dte version but I do often bet 5k on plays. On the wins I bank half and get 2-3 more chances to try the same. Winning 50% is a success overall considering losses are not 100% but only like 20-30%. these ones are such a gamble they either need more room to run, the spreads are wide enough that if I’m wrong I’ve already lost 10%, or liquidity is shit, so hard to get out with anything less than that type of loss.

but I’m ok with it. Try it 5 times, out of the 5 I’ll win 25-50k and lose 15-20k, still an overall win. I use the options samurai scanner to find candidates as mentioned in a previous post. i used to hold the losers too long hoping I was just off on the timing and tomorrow would be better. Now I du,p losers fast and try again On something else. Due to the nature of what I am gambling gaining 50% or more is “easy”(meaning if I guess correct it can be 50% gain with a small move on underlying). So one 50% win covers 2, 20% losses with a small gain. It’s about averages and long game.

For reasons I now have a nice portion of Microsoft stock, more than the rest of my portfolio combined (which, granted, isn't huge). This doesn't feel right from a risk perspective, so I'm considering selling some, and spreading out a bit. It just feels like everything is so extreme right now, so I don't know which way to go. MSFT has on average been stable for the past year, but I feel like so much else is a ticking bomb. Which may or may not ever explode. Just 6 months ago it would have been way easier.

Current portfolio, ordered by value. Very tech heavy: Microsoft, Saab, Palantir, Amazon, Novo, NVIDIA, Cameco Corporation, American Electric Power, Siemens Energy,
Alphabet.

What would you do? BTW, our capital income taxes are huge, 42%.

Foler said:

SPY

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Looking it up I see a lot of recommendations for VOO instead of SPY, any insights? It is also marked as high risk in my app.

Edit: Nevermind, I cannot trade either from my country without having a professional account, which I don't have. But thanks.

Sanrith Descartes said:

Looks like tariffs are back on the menu boys

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It’s not a repost, but I felt like the repost button was the only one that really looked applicable

Markets puke again.

Do we V recover before close?

Araysar
Bought some(2k worth) BULL calls for next week @11.5 for 0.65$. The daily chart shows the drop may be ending and it's in your channel. I would sell for .70 as that's already more than a 5% gain. I could catch a win on the spread alone on this. Not sure I have the balls to let it linger unless the upward move is huge.

Just for fun to the person who was asking about learning technical metrics, a bit on why I made my decision.

1 day chart(by minute):
If you look at where I circled in blue you can see the price has been somewhat stuck there even on an overall bad day(down 5.5%). The price is still under all of the MA's(those red/orange/yellow/blue/green lines). But I am making an assumption/guess(as all trades are) that it has found a bottom or close to it.






1 Month chart(by days):
Sorry this chart is more ugly, this is a new stock so less history. You can see it's been sort of stuck in this channel. You can barely see them but its the completely horizontal blue and green lines. It's approach the blue line typically referred to "resistance". Does it mean the stock wont shit past it and go to 0? Of course not, but again I am making a bet that over the next few days it will "bounce" off of that blue line and move slightly up in that channel.

Note that this is an extremely tight channel. This price is not moving by 5$ a day and it's only a 10$ stock. This is why I would want to exit this trade immediately upon a profit of 5% or more. It's not a get rich quick scheme but if I can make 100-200$(5%-10%) in a few days, then why not. The fact I am only betting 2k is because that is a level I feel comfortable with on this particular trade. If I thought I had a true winner I tend to bet up in the 10k-25k range. But that's my comfort zone.

Jysin said:

...

Markets puke again.

Do we V recover before close?

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Aaaaand, there's the V.

BTFD still in full force.

Araysar said:

Nice one, bro

i dont really see it dropping much below 11.5, id expect a nice move next week into $12 range

but no one ever went broke taking a nice 5% profit either. thats a good return for a week of trading. i would take profit, see what its doing on monday and then buy calls again if it looks good

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What caused the drop from $70?

Araysar said:

it was a $16/share IPO that got carried into the stratosphere by degenerate gamblers in less than 48 hours. it should have never been at $70.

But $20-30/share is a fair valuation for it. Currently its trading at 11.75. I'm holding 5,000 shares right now.,

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clown market lol, I can imagine the folks in wsb reddit doing this

BULL more like BULLSHIT am I right?