Anyone investing heavily this year??

[rph2005]

anyone up on netflix after their split ? im up 20% today!

no unfortunately I don't own NFLX

I missed out on Netflix and Google being timid.

that's what you get

Fam, what are your Thoughts about ROBINHOOD who claim to offer commision free trading from the smartphone

maan, I aint changing my brokerage firm man. I love sharebuilder. besides I usually don't trade from my phone. can't trust them signals. what if I decide to sell a stock real quick and I execute the trade and for some reason, the ATT tower in my locale decides that's the day it wants to act up? no way jose do all my trades on a pc

 

[rph2005]

this market this year boooooy

 

[baboss2212]

I was mentioning to my son, instead of buying Jordan shoes maybe he needs to buy stick in Nike and hold it 4 ever....is that a good idea?

 

[Efkie]

this market this year boooooy

Love a sideways market

 

[Notorious P.I.M.P.]

Love a sideways market

But how do you make money?

 

[Notorious P.I.M.P.]

this market this year boooooy

I've been sitting on the sidelines until earnings time lately. Market sucks.

 

[Efkie]

But how do you make money?

When the market is sideways it usually moves between ranges.
By using basic technical analysis you determine where the support and resistance is.
See this video for a visual.

SPX has strong resistance around 2105, so I would sell something like a call credit spread above that range so the probability of the options expiring worthless is greater which means I get to keep the premium.

Example SPX right is 2077
SPX 2120 SEP call is worth 2.95 which I would buy
SPX 2110 SEP call is worth 4.60 which I would sell.

In this example I would risk about 1300$ (since the spread is 10points wide (2120 - 2110) to make 4.60 - 2.95 = 1.65$ x 100 (since a option contract concerns 100 shares) = 165 $
ABout 10% ROI in one month. Doesn't sound like much but you have a 70% chance that you will make it.

I do not want to make this sound easy as there are more things to watch out for like volatility, FOMC meetings, movement of the underlying etc.

But think about. Option selling is like the insurance.
You pay them premium so that they can insure/take over the risk you would like to be insured against in case something goes wrong.
And mathematically they already know how much they have to payout of all the premium they are receiving and the odds are with them.

* Disclaimer * I'm still learning how to trade options

 

[comment101]

Guys, i really hate myself for buying ZAZA stocks. I bought 82 shares when it was 4.32 per, now its like .60 per. I bought 12 shares of APPL when it was 113.50 per share a couple of days ago and F stocks at 15.50. I really hope i can flip F shares in about a year or so. APPL, i'll leave for as long as possible. Till they start going down hill in a couple of years from now. I want to start now at 25 so i can save money.

 

[Efkie]

Guys, i really hate myself for buying ZAZA stocks. I bought 42 shares when it was 4.32 per, now its like .60 per. I bought 12 shares of APPL when it was 113.50 per share a couple of days ago and F stocks at 15.50. I really hope i can flip F shares in about a year or so. APPL, i'll leave for as long as possible. Till they start going down hill in a couple of years from now. I want to start now at 25 so i can save money.

Just curious, why did you buy ZAZA ? What was your reasoning ?

 

[comment101]

Just curious, why did you buy ZAZA ? What was your reasoning ?

A really STUPID hunch....

 

[baboss2212]

I was mentioning to my son, instead of buying Jordan shoes maybe he needs to buy stick in Nike and hold it 4 ever....is that a good idea?

^^^^

 

[chitownsfinest]

A really STUPID hunch....

As long as you invest on "hunches", you'll win some but lose most. Put the work in bruh

 

[comment101]

As long as you invest on "hunches", you'll win some but lose most. Put the work in bruh

I'm sorry. How do i "put in work"?

 

[Efkie]

I'm sorry. How do i "put in work"?

Lot's of way to skin a cat.

You can choose a mutual fund like the ones below and pour in your money and let them invest for you
Vanguard Long Term Treasury Fund (MUTF:VUSTX)
Vanguard Equity Income Fund (MUTF:VEIPX)
Vanguard Morgan Growth Fund (MUTF:VMRGX)
Vanguard International Growth Fund (MUTF:VWIGX)

Or you can DIY but you will have to invest time in learning how things work.
I learned most from Investopedia.com, seekingalpha.com, Youtube, BGOL and several investing Courses which I downloaded.

Do you want to trade for the long term or short term. ?
One long term strategy you might consider is Dividend Growth Investing.
Growth is slow but steady. An example can be found here.

If I can survive the coming 3 months trading options with a profit I'll post a complete investing course.

 

[rph2005]

I was mentioning to my son, instead of buying Jordan shoes maybe he needs to buy stick in Nike and hold it 4 ever....is that a good idea?

I don't see why not. NIKE aint going anywhere anytime soon.

Love a sideways market

cos you the options guy

When the market is sideways it usually moves between ranges.
By using basic technical analysis you determine where the support and resistance is.
See this video for a visual.

SPX has strong resistance around 2105, so I would sell something like a call credit spread above that range so the probability of the options expiring worthless is greater which means I get to keep the premium.

Example SPX right is 2077
SPX 2120 SEP call is worth 2.95 which I would buy
SPX 2110 SEP call is worth 4.60 which I would sell.

In this example I would risk about 1300$ (since the spread is 10points wide (2120 - 2110) to make 4.60 - 2.95 = 1.65$ x 100 (since a option contract concerns 100 shares) = 165 $
ABout 10% ROI in one month. Doesn't sound like much but you have a 70% chance that you will make it.

I do not want to make this sound easy as there are more things to watch out for like volatility, FOMC meetings, movement of the underlying etc.

But think about. Option selling is like the insurance.
You pay them premium so that they can insure/take over the risk you would like to be insured against in case something goes wrong.
And mathematically they already know how much they have to payout of all the premium they are receiving and the odds are with them.

* Disclaimer * I'm still learning how to trade options

this shit makes my head hurt

Guys, i really hate myself for buying ZAZA stocks. I bought 82 shares when it was 4.32 per, now its like .60 per. I bought 12 shares of APPL when it was 113.50 per share a couple of days ago and F stocks at 15.50. I really hope i can flip F shares in about a year or so. APPL, i'll leave for as long as possible. Till they start going down hill in a couple of years from now. I want to start now at 25 so i can save money.

you'll be alright. just heed the advice efkie above gave you

 

[simonmarcel]

Fuck!. The damn NASDAQ is down 2.8%. I just got back in the game a few days ago(CURE) and it's down 7%

 

[Efkie]

this shit makes my head hurt

Would you rather have a chance to risk 350 $ to make 80 $ with a probability of 80% or to risk 20$ to make $350 with a chance of 20% ?

The question above IMO is very important with regards to option trading.
Most people will choose the last option.

Fuck!. The damn NASDAQ is down 2.8%. I just got back in the game a few days ago(CURE) and it's down 7%

I hope you can recoup some of those losses.


On the other hand

 

[Mt Airy Groove]

Terrible year for me. Im losing money on all of my individual stocks: aapl, invn, baba, mbly, nxpi, xom...im thinking about selling everything and investing in the Vanguard Dividend Growth Inv fund.

 

[Notorious P.I.M.P.]

Last week was brutal! Thank goodness I'm still all in cash! Otherwise I'd be crying!

 

[456.North.side]

i got hit hard on my bread winner INFN , ive been in since $9.xx, going to have to back out some if it drops another 5%, i think my netflix hit its sale point too, hurt for the week i think i am -3500 in my main account

 

[Efkie]

Man..I didn't expect the VIX to jump that fast
Closed my 475/480 AEX callspread since I got 60% of the premium in 2 days.

But some options went 500% or more today.
I'm wondering how to recognise and seize the opportunity for directional plays with options...

 

[prospect]

Man..I didn't expect the VIX to jump that fast
Closed my 475/480 AEX callspread since I got 60% of the premium in 2 days.

But some options went 500% or more today.
I'm wondering how to recognise and seize the opportunity for directional plays with options...

Whud up Efkie, where did you receive fundamental learning / teachings of option trading? I'm trying to find a good source that breaks it down from a 5 year old understanding to an Albert Einstein understanding. I know bits and pieces but trying to find a source that explains it from A-Z (youtube... ebook.. and etc).

Thanks in advance and congrats on the good trade!!!

Sent from my SM-N900T using Tapatalk

 

[cokely_muhammad]

Have any of you ratsoup eatin muthafuckas ever tried forex robots that does automated trading for you? I am testing one right now and it seems to work pretty well.

 

[cokely_muhammad]

Have any of you ratsoup eatin muthafuckas ever tried forex robots that does automated trading for you? I am testing one right now and it seems to work pretty well.


http://www.forexfactory.com/showthread.php?t=526638

 

[Efkie]

Whud up Efkie, where did you receive fundamental learning / teachings of option trading? I'm trying to find a good source that breaks it down from a 5 year old understanding to an Albert Einstein understanding. I know bits and pieces but trying to find a source that explains it from A-Z (youtube... ebook.. and etc).

Thanks in advance and congrats on the good trade!!!

Sent from my SM-N900T using Tapatalk

I check the following YT channels regularly

When it comes to option knowledge: Tastytrade
They explain all the lingo, all the strategy's, Return on Capital, risk assessment etc.

When it comes to APPLYING that knowledge aka realtrading I learned a lot from the Frenchman Mark Nicolas of daytradingzones.
He gives away so much information in his free webinars that I haven't even heard on Tastytrade.
Things like how to structure your position/ how to defend it when your trade gets tested.
Watch Mastering the credit spread part 1 and 2 a couple of times

Another option trader that I follow is Nick Fenton of TickerTank.
He has very good howto videos about option strategies like Iron Condors, Short Strangles and Naked Put selling.

When you have a basic understanding go PAPERtrade for free with live data for a couple of months to see how everything works.

Don't stay on the simulation forever otherwise you'll get too confident.

 

[Mr. Del]

I check the following YT channels regularly

When it comes to option knowledge: Tastytrade
They explain all the lingo, all the strategy's, Return on Capital, risk assessment etc.

When it comes to APPLYING that knowledge aka realtrading I learned a lot from the Frenchman Mark Nicolas of daytradingzones.
He gives away so much information in his free webinars that I haven't even heard on Tastytrade.
Things like how to structure your position/ how to defend it when your trade gets tested.
Watch Mastering the credit spread part 1 and 2 a couple of times

Another option trader that I follow is Nick Fenton of TickerTank.
He has very good howto videos about option strategies like Iron Condors, Short Strangles and Naked Put selling.

When you have a basic understanding go PAPERtrade for free with live data for a couple of months to see how everything works.

Don't stay on the simulation forever otherwise you'll get too confident.

Not many ppl are willing to drop the source of their knowledge like you did, so much props to you. Most traders only like to talk about their (alleged) successful trades after the fact.

If anyone else has knowledge, feel free to drop.

 

[daman200]

anyone follow the dogs of the Dow investment stragegy ?????

 

[prospect]

@Efkie, thanks on the info!!! Some of those sources I follow and some I never knew until you mentioned it.

I'll def check them out.

I always felt tasty trade is all over the place as far as information goes...

If I come across any pdfs and etc... I'll be sure to drop it in here...

Sent from my SM-N900T using Tapatalk

 

[tical]

Anyone subscribe to thestreet.com and follow their suggestions on top rated stocks?

 

[rph2005]

Terrible year for me. Im losing money on all of my individual stocks: aapl, invn, baba, mbly, nxpi, xom...im thinking about selling everything and investing in the Vanguard Dividend Growth Inv fund.

don't do that

 

[dwnsouth]

so....ETF or Mutual funds?

I have some money i can part with and let sit for months at a time.

 

[Efkie]

Risked 228 euro to make 70 euro.
Closed my AEX 475/480 SEPT 15 call spread to pocket 53 euro as I felt that it's not worth to wait for the 17 euro from a risk/ROC standpoint.
So I opened a new AEX call spread at 460/465 15 OKT risking 240 to get 91 euro.

Lost on my 3 AEX 500 sept calls. I don't know why I bought them in august.

If I come across any pdfs and etc... I'll be sure to drop it in here...

Most complete collection I've seen. This guy has new books and the classics.

so....ETF or Mutual funds?
I have some money i can part with and let sit for months at a time.

I'd pick ETF's but know upfront the risk you're willing to take.

 

[rph2005]

this year has just been brutal

 

[Notorious P.I.M.P.]

this year has just been brutal

Yeah I'm still on the sidelines!

 

[simonmarcel]

Yeah I'm still on the sidelines!

me too. I got hit hard during the recent downturn and lost about 1/3 of my account value. I am planning on jumping back in soon and day trade with 3x etf's and try to make my money back incrementally.