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#691
Apr 30 2020 11:46am
Wtf happened to tsla lmao

Good riddance
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#692
Apr 30 2020 12:03pm
Quote (Thor123422 @ Apr 30 2020 12:35pm)
My point is just that feeling bad and wanting to retrain yourself away from 20% gains towards 100% gains is a great way to lose all of your money



Your mixing up two things, nobody is saying throw your entire portfolio at an option and only sell if you’re 100% up

With options you will be up or down and the goal is to win more and maximize winning trades , minimizing losing ones

People put a FRACTION of their portfolio on options and ur likely not gonna end up with 10-15% on the year from this

This post was edited by Bazi on Apr 30 2020 12:03pm
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#693
Apr 30 2020 12:22pm
Quote (Bazi @ Apr 30 2020 01:03pm)
Your mixing up two things, nobody is saying throw your entire portfolio at an option and only sell if you’re 100% up

With options you will be up or down and the goal is to win more and maximize winning trades , minimizing losing ones

People put a FRACTION of their portfolio on options and ur likely not gonna end up with 10-15% on the year from this


I know how these things work. Fundamentally my cautionary statement is "don't get greedy, because you'll minimize your gains", and when somebody says "not sure how to retrain this instinct. There are more than a few names that i've sold call/puts for like a 20-30% profit and if only would of waited another week that gain would of been 100-200%" they're getting greedy.

Quote (thesnipa @ Apr 30 2020 12:43pm)
gotta risk it for the biscuit.


Then don't expect to be able to make money long term, because risking it for the biscuit only works by abusing statistical anomalies in small sets.

This post was edited by Thor123422 on Apr 30 2020 12:23pm
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#694
Apr 30 2020 01:14pm
Quote (Thor123422 @ Apr 30 2020 01:22pm)
I know how these things work. Fundamentally my cautionary statement is "don't get greedy, because you'll minimize your gains", and when somebody says "not sure how to retrain this instinct. There are more than a few names that i've sold call/puts for like a 20-30% profit and if only would of waited another week that gain would of been 100-200%" they're getting greedy.



Then don't expect to be able to make money long term, because risking it for the biscuit only works by abusing statistical anomalies in small sets.


no one's targeting 100% gains, this started by you saying dont feel bad by missing out on them. it wasn't a target, it was a result in hindsight. and not "what if i held this for 4 more years" hindsight, it was a few days.

people are more than justified by feeling bummed out about missing a massive gain in hindsight in that short of a term. as long as it's not some suicidal type regret.
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#695
Apr 30 2020 01:56pm
Quote (Thor123422 @ Apr 30 2020 07:22pm)
I know how these things work. Fundamentally my cautionary statement is "don't get greedy, because you'll minimize your gains", and when somebody says "not sure how to retrain this instinct. There are more than a few names that i've sold call/puts for like a 20-30% profit and if only would of waited another week that gain would of been 100-200%" they're getting greedy.



Then don't expect to be able to make money long term, because risking it for the biscuit only works by abusing statistical anomalies in small sets.


If you invested the same amount they spend on options in an S&P index tracker you'll win 70% of the time 10 years from now, 85% of the time in 15 years, and over 90% of the time in 20 years. Gambling is fun though.

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#696
Apr 30 2020 02:09pm
Getting one of these per day lately. Astounding that some think the market is in good shape and should be going up from here.


Quote
J. Crew Group Inc., the preppy retailer that recently fell on hard times, is preparing to file for bankruptcy protection, one of several high-profile U.S. chains that are on the verge of unraveling during the coronavirus pandemic.

J. Crew has been in talks with a group of lenders for several weeks since the company was forced to cancel plans to take its Madewell subsidiary public, these people said. The company had planned to use the proceeds of the Madewell IPO to pay down part of its $1.7 billion debt. But the IPO plans were scrapped in March.


https://www.wsj.com/articles/j-crew-prepares-to-file-for-bankruptcy-11588276696?mod=searchresults&page=1&pos=1

Quote (dro94 @ Apr 30 2020 03:56pm)
If you invested the same amount they spend on options in an S&P index tracker you'll win 70% of the time 10 years from now, 85% of the time in 15 years, and over 90% of the time in 20 years. Gambling is fun though.


I've swung from nearly a 10k loss to being up 4 grand within the last month. Most of it is thanks to options. Maybe it's gambling, but all it takes is to be right 51 out 100 bets equally weighted and you will be making money.

There's a reason why large bank trading desks are reporting a huge spike in trading revenue.

This post was edited by ofthevoid on Apr 30 2020 02:15pm
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#697
Apr 30 2020 02:41pm
Quote (dro94 @ Apr 30 2020 03:56pm)
If you invested the same amount they spend on options in an S&P index tracker you'll win 70% of the time 10 years from now, 85% of the time in 15 years, and over 90% of the time in 20 years. Gambling is fun though.


You might like wide range iron condors, small profit 95% of the time.

This post was edited by obisent on Apr 30 2020 02:47pm
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#698
Apr 30 2020 03:07pm
Or you just sell options and collect premium every week $$$

If it goes the other way you just buy the shares anyway
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#699
Apr 30 2020 04:41pm
Quote (Bazi @ 30 Apr 2020 13:46)
Wtf happened to tsla lmao

Good riddance

some bear investor keeps insinuating musk is committing accounting fraud
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#700
Apr 30 2020 04:53pm
Quote (excellence @ Apr 30 2020 05:41pm)
some bear investor keeps insinuating musk is committing accounting fraud


Ofc we dunno but fundamentally I can’t see how luxury electric car market is going to be a strong investment when gas is free

He seemed unhinged with his CNBC conference this morning
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