I FOMO’d a couple NIO options for end of week. It’s close but another gap up tomorrow and I’m straight. I’m getting more disciplined on my spread price targets now so I don’t pay too much and keep a higher upside.
Anyone investing heavily this year??
- Thread starter rph2005
- Start date
I bought into FSLY and NET. NET went down on a sympathy play from FSLY. All I want is $5 from FSLY. NET, I'll be happy with $3.It would...But you have to have some hint that it's coming. As you know earnings estimates and actual reports don't mean much. There are too many examples of positive earning and the stocks still crashes and vice versa.
This is one of those times when it's too late to play the short position.
But, Perhaps the long position can be played?
Need to do some research and find out what happened and what's the future outlook.
It's starting to be part of my normal process to jolt down the day's top gainers/losers AH and see if there's a way to position myself short/long in the next couple of days.
Typically strong companies will bounce back in a short time frame. Weak companies may not as quickly if at all.
^^^^OUCH!!!!!
I bought after the drop.
Nice! Im thinking about a future call options play. But the contracts are expensive as hell..
Thanks for starting this thread BTW.
thanks bruh. when i started it, i didn't know it would still be alive this long. glad to see that it's helping people
wish i would have started trading when you created the thread.
i didnt start til this year. hell i would have been a very rich man by now.
aaaaah c'mon man. this thing is like 119 pages. nothing that i can say hasn't already been said
thanks for the drop
it's all good. market ain't going nowhere. i been in it since 2006 and i still aint where i want to be yet.
Man my goal for last quarter is to understand what the fuck you just said regarding options.
30 by next Friday the 23rd
I thought you might have some unique angle or something...you were just WOOFIN... its cool, I check for all angles. Peace B onto U.
Haha! Yo 2 months ago I wouldn’t know what the fuck I was talking about either.
Here’s my attempt. Options spreads allow you to buy and sell options at the same time to reduce how much cash you gotta put up. Its built in risk management but limits how much you can win. I’ll break down how I use them.
I have a small trading account so I can’t be putting up mad dough on every trade. One bad trade and I’ll blow up my account. So when I am buying options the max I am willing to put up on any one trade is around $35. Options for stocks like AAPL is way more than that if you buy them straight up but spreads allow you to play those without putting up so much money.
I won’t go into the mechanics but basically when I buy an option spread the pot is $100 and I put up $35 (preferably less) to get in the game. The best I can do is win $65 ($100 minus my $35) and the worst I can do is lose the $35 I put up. By doing that no one trade will take more than 3%-4% of my account if things go bad. That’s still high but better than what I was doing before.
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Is it too late to jump in in nio?
eh
everyone is saying the chinese govt wont let it fail
but the problem with china is that any and everyone can fall out of favour
their data is not to be trusted
that being said, the company is smashing sales
the battery exchange they are doing is doing incredibly well.
Analysts are predicting it will reach around 50$
jpm says 40
Nio +9% after JPMorgan picks as premium space winner in China (NYSE:NIO)
JPMorgan upgrades Nio (NYSE:NIO) to an Overweight rating with a price target of $40.
seekingalpha.com
so l personally am extremly bullish om nio
and going to keep buying
I restarted it for you. I also said that people would make as much money as they did in the crypto thread in a fraction of the time and they did.
but what do I know. I’m just a troll
props for starting the original. I’m just sitting back watching and hope the brothas in here make as much as I did from late February to August.
Luckin Coffee - $LKNCY
What is this?
Chinese version of Starbucks.
like i said......STAF and JOB on point.................flying
@Rudey called it. These are all long term holds for me. It was $50 before the scandal, it will be back.
Company was doing well until one of their execs pulled some BS earlier this year. Stock tanked.
Yep, cooked the books. No need for it but he has been ousted. I believe they will recover and compete with $SBUX like $BABA is trying to do with $AMZN.
Successful test. Congrats!
I'm not telling anyone how to use their finances but i will say this...LEARN OPTIONS TRADING!
On days like yesterday and today, so far, on hot momenteum stocks like $NIO...The gains you can make compared to standard buy/sell is insane..
Between yesterday and today..I've already made 30% of my portfolio...
If $NIO jumps to $30 which seems all but gauranteed then i'll be around 60% of my portfolio..
The best part is i get to play the eventual downside when it cools off(That will be worth probably 105-20% gain)..
Options are risky and you can lose alot if you're not careful....But if you're day trading you owe it to yourself to learn how it works and try it out.
Insane stuff!
On days like yesterday and today, so far, on hot momenteum stocks like $NIO...The gains you can make compared to standard buy/sell is insane..
Between yesterday and today..I've already made 30% of my portfolio...
If $NIO jumps to $30 which seems all but gauranteed then i'll be around 60% of my portfolio..
The best part is i get to play the eventual downside when it cools off(That will be worth probably 105-20% gain)..
Options are risky and you can lose alot if you're not careful....But if you're day trading you owe it to yourself to learn how it works and try it out.
Insane stuff!
Are you doing this in WeBull?
Hell no! Webull is too erractic(crashes, freezes) and limited buying/selling interface to attempt this imo.
I currently use TDameritrade Think or Swim platform.
The platform is a lot more stable and the gui makes it easier to see your profits/losses realtime and easier to submit your orders.
I only use Webull for the real time charts(candle sticks and price quote).
You brothas gotta get a trader setup to trade options or short sell, IMO. You don’t want to have to rely on a phone screen and an app for that. I’d call a broker to trade for me before I did that.
Sold my NIO Call spreads for 70% profit
