Anyone investing heavily this year??
- Thread starter rph2005
- Start date
U guys just buy a bit of these dividend stocks and buy a bit and continually buy and just hold right? Also, do y’all do this in your regular ROTH or IRA’s? Or do u use a platform to day trade? If so what do u use? I have my main brokerage account thru fidelity but I’m trying to get like everyone else on here and start attempting calls and making some money grabs periodically
For right now just covered calls.. nothing too exotic yet. But ultimately I want to:
- get a better idea of how the contract price actions go in general
- get better at using the various metrics like IV, open interest, etc.
- get a better idea of how sharp I need to be functionally to even place / execute orders, close out contracts, etc.
- Covered calls in general, being able to potentially generating income periodically for the shares that I hold -- even though I may be assigned eventually -- sounds like a good thing to have in the toolbox ( correct me if I'm wrong on this )
...there honestly wasn't a ton of sense that went into my initial "purchases" since it's monopoly money. I just bought 100 shares of a bunch of stuff I already own (except TSLA) and decided to run with it. I just bought the TSLA because I think the price action of the U/L will let me experiment in some interesting way in the near future.
Yea I just dollar cost average the ones that I mentioned in my brokerage / Roth IRA respectively. Buy a little each month and hold. And I reinvest the divvy's for now.
With share prices fluctuating up and mostly down lately, its nice to get some income each quarter no matter what. I can def understand how powerful that must be for folks that are racked up with divvy stocks/ETFs in their retirement accounts.
Covered calls are great if you aren't greedy with the strike price you pick. Its like a weekly dividend (if the stock has weekly options).
Selling cash secured puts is like getting a coupon to buy shares if it gets assigned to you.
I used to do it with my small caps back in 2021. Since I switched to the big caps I still have a ways to go before I get to 100 shares.
Here is a couple months from my spreadsheet in 2021
*I don't own any of these stocks anymore. My son has some $UA though.
497 pages and counting!
Covered calls are great if you aren't greedy with the strike price you pick. Its like a weekly dividend (if the stock has weekly options).
Selling cash secured puts is like getting a coupon to buy shares if it gets assigned to you.
I used to do it with my small caps back in 2021. Since I switched to the big caps I still have a ways to go before I get to 100 shares.
Here is a couple months from my spreadsheet in 2021
*I don't own any of these stocks anymore. My son has some $UA though.
Word up, thanks for sharing man. I think those two strategies you mentioned are where I'm going to start.
I think we get a gap down tomorrow. Big bearish engulfing candle on the daily. Normally that doesn’t reverse the next day.
Havent been here in a min. I def got a nice spanking over the last year lol....
My Blue chips are still doing there thing. I decided until things change, Im just still pouring into my faithfuls.
Apple
MS
VGT
I started a position in Google which I did before the split so Im still close to even
Im waiting for Amazon to pull back a little more but going to DCA into these.
One position Im thankful I kept putting bread in was WM, its been stud through all this. Also glad I grabbed Costco a couple years ago.
My advisor has been putting money to use in Dividend stocks, etfs, including Ally.
The market has to come back, right?
My Blue chips are still doing there thing. I decided until things change, Im just still pouring into my faithfuls.
Apple
MS
VGT
I started a position in Google which I did before the split so Im still close to even
Im waiting for Amazon to pull back a little more but going to DCA into these.
One position Im thankful I kept putting bread in was WM, its been stud through all this. Also glad I grabbed Costco a couple years ago.
My advisor has been putting money to use in Dividend stocks, etfs, including Ally.
The market has to come back, right?
Fam speak on swing trading in lay terms. I really want to get some understand of the technicals
Typically, swing trading involves holding a position either long or short for more than one trading session, but usually not longer than several weeks or a couple of months. This is a general time frame, as some trades may last longer than a couple of months, yet the trader may still consider them swing trades. Swing trades can also occur during a trading session, though this is a rare outcome that is brought about by extremely volatile conditions.
The goal of swing trading is to capture a chunk of a potential price move. While some traders seek out volatile stocks with lots of movement, others may prefer more sedate stocks. In either case, swing trading is the process of identifying where an asset's price is likely to move next, entering a position, and then capturing a chunk of the profit if that move materializes.
Successful swing traders are only looking to capture a chunk of the expected price move, and then move on to the next.
So I'm basically looking for bullish chart patterns......buy in on the lows and wait for it to pop.
I don't necessarily have to sit and watch it all day like normal daytraders.
How do you determine your entry and exit? Is it based off percentage? And or previous high?
Appreciate you sharing.
I look at 4 things....the moving average, pullbacks, support, and resistance.
And normally I'm looking at the moving average over a 20 day period.
Conversely, when the shorter MA crosses downward and goes south of the longer MA, it’s time to exit.
Or if I feel that I have secured a profit that I am comfortable with.
Brother I may need to hit you up. Im assuming for this to make sense we looking at 10k-20k trades?
Havent been here in a min. I def got a nice spanking over the last year lol....
My Blue chips are still doing there thing. I decided until things change, Im just still pouring into my faithfuls.
Apple
MS
VGT
I started a position in Google which I did before the split so Im still close to even
Im waiting for Amazon to pull back a little more but going to DCA into these.
One position Im thankful I kept putting bread in was WM, its been stud through all this. Also glad I grabbed Costco a couple years ago.
My advisor has been putting money to use in Dividend stocks, etfs, including Ally.
The market has to come back, right?
WM, Costco, Ally are all great diversification plays, especially to match with all the tech that you mentioned
With meme stocks......easy.
Daily I see stocks go from like .20 or .30 to 1.00
Drop 5k on one of those and u can easily get a 25k profit in the span of a few hours.
Thats crazy! I guess Im wondering how do you find these stocks. I mean Ive seen you post before but Ive been a hold longer term investor. Im good now. I did a covered call strategy with GNUS but the bottom fell out. Still moves but not the same.
I use screeners with TOS and Webull.
I can catch breakout stocks easy by using those.
Any stick that has more than a 10% increase will usually be on my radar.
Then I see how much volume that stock is getting.....what type of float it may have.
Anytime of day really.....doesn't always happen at opening.
Floats are the number of shares available to the public for trading.
You may be right. I'm considering the $20 channel its in. This will not be a day or week trade, it will take about a month+ to play out.
That's what's up...
People sometimes shit on splits, but isn't part of this equation stock split(s) + dividends & appreciation?
Do either of ya'll ever have issues with buys or sells, getting out/ closing trades? I remember in my amateur trading hayday, that was something that turned me off and made me think the system was against me
I use E-Trade, so it might be a platform thing, or maybe I'm missing something (a function I'm not using, a low liquidity or volume issue)?
Especially with the smaller caps or penny stocks, I know sometimes it takes a MIN to fill orders. How do yall move fast and close out positions when time is of the essence?
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The mistake that costs me trades is when I jump in too early prior to confirmation and the trade goes against me. Not buying at support/resistance and trying to catch a bigger part of the move is not smart.Do either of ya'll ever have issues with busy or sells, getting out/ closing trades? I remember in my amateur trading hayday, that was something that turned me off and made me think the system was against me
I use E-Trade, so it might be a platform thing, or maybe I'm missing something (a function I'm not using, a low liquidity or volume issue)?
Especially with the smaller caps or penny stocks, I know sometimes it takes a MIN to fill orders. How do yall move fast and close out positions when time is of the essence?
Also, jumping in trades with low volume. One big buyer can flip the direction and leave you holding the bag.
I have it set to sell market if things start going against me. Easier to recover if you don't hold and hope.
For me i buy a lil at a time only for now im trying to build positions in amazon and google...so i add 50$bucks to each position every week...im not rich so i do what i can and still go out and enjoy life, but if i get more overtime that week then i add to different positions i already have. Just my 2cents..
Splits may play a part. I'd imagine the majority of it is from reinvesting the dividend to buy more shares (D.R.I.P) + appreciation.
For sure. I guess that's why they say buy right and hold tight.
When you find the best companies in that sweet spot (SOME dividend, appreciation, possible split + reinvest over time) you get that true explosive growth via compounding. Shit's powerful but not everyone has the testicular fortitude to wait things out.