Tfw No Guts No Glory

[Bernard]

Recently got into day trading stock options. Sunday, SPY is at $314.24. Queued up 10 put option contracts at $312 that expires 12/04 for $56 each. $560 total. Confident that market will go down cause of China trade deal issues. Midnight rolls around. Self-doubt due to all time high sales records from black friday and possibly cyber monday. Cancel order cause no balls. Wake up and market tanked to $311s. Those contracts are now worth $130 each ($160 in the morning). Fuck me.

[Dynamite]

L

but tbh stocks are mostly luck so you can't blame yourself

[Glass]

Recently got into day trading stock options. Sunday, SPY is at $314.24. Queued up 10 put option contracts at $312 that expires 12/04 for $56 each. $560 total. Confident that market will go down cause of China trade deal issues. Midnight rolls around. Self-doubt due to all time high sales records from black friday and possibly cyber monday. Cancel order cause no balls. Wake up and market tanked to $311s. Those contracts are now worth $130 each ($160 in the morning). Fuck me.

F, do ladderized buy in next time tho.

[[MPGH]Dave84311]

like gambling with your money I see

[Matthew]

OT about stocks

My dad has always been telling me to get into oil stocks because of Middle East conflict, etc??? Is it a good idea

[FriendlyMelon]

OT about stocks

My dad has always been telling me to get into oil stocks because of Middle East conflict, etc??? Is it a good idea

My dad has been telling me to get stocks of Indian general hygienic products for the last few years. Their minimum wages are rising, and hygiene is one of the first things that goes up when people of third world countries start developing more and more.

[Bernard]

OT about stocks

My dad has always been telling me to get into oil stocks because of Middle East conflict, etc??? Is it a good idea

Guess that would be oil commodity features. In other words, that's the ability to buy oil at a future date at a price set today (if I'm mistaken, someone please correct me). So if you expect oil prices to increase in the future, say due to middle eastern conflict hurting supply chain leading to price increases, then I guess getting features would be good. That being said, I imagine features usually have premiums you need to pay which means you can also potentially overpay for oil if oil prices fall. Features are basically locking in a set price. Oil stocks themselves i would imagine would be hurt by middle east conflict cause it causes uncertainty in their supply chains leading to the stock falling.

[Gaydow]

80-90% of daytraders lose $$$. Tis normal.

[[MPGH]Jov]

Invest for the long run homie, its ok to daytrade but u will loose money and like dave says its gambling. Find some positions you are confident in and invest a signifcant amount to get a good ROI. Rn deadass i dont even have to work because my rent and expenses get paid off by my interest. Find a high APY account and open some 0% APR credit cards like the chase freedom unlimited and use it for ur daily spending, pay it off with investment return and whatever you save off of working

heres my current average gain/loss for my top performing positions, Vanguard is generally good with returns as well as gov money market, i keep 2/3 of all my assets invested because i am young and can afford to play with risk.

some more info: i highly reccomend that you put your money on banks that will offer you a good interest rate with little to no fees, I started with a chase college and then upgraded to a chase private client, and when i did they offered me so much, including private banking and stuff, so i highly suggest keeping it in a bank and not on sofex, people hate banks and are scared of them but trust me as far as investment goes the bank only makes money when you make money. my bankers take their cut which is super minimal based on the performance of my assets. If you want more info i can give you some good positions to put money on, granted some weeks ill have days in which i lose 3000 or 4000$ instantly, but generally ill make back 1-3k a day if the stock market is good. i chose to keep the 1-3 k a day in my assets and have my bankers deduct it from gains and deposit it for me on my concurrent checking, you dont need hundreds of thousands to make good money you just need steady returns and a lil bit of risk

[Eternity]

L

but tbh stocks are mostly luck so you can't blame yourself

Lmao ok. Day thread, which is what OP is doing, is very hard to get a grip on and most people are not emotionally ready at start. You can do it but it takes time and you should first invest and swing trade before doing anything day trading related. Stocks is not luck if you do your research, keep up with news, know patterns, and what not. Sure not 100 percent guaranteed, but neither is you being alive tomorrow. Its only gambling if you make it so.

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I think it was pretty obvious that it would crash @Bernard.



P.S: What do you use? TDameritrade? Charles, robinhood (idk if they do options honestly).

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Also I don't day trade, just follow it . Not good enough imo (YET >: D)

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I still think it will crash. If you take a look at each new record peak, it is followed by a crash.

[Bernard]

Invest for the long run homie, its ok to daytrade but u will loose money and like dave says its gambling. Find some positions you are confident in and invest a signifcant amount to get a good ROI. Rn deadass i dont even have to work because my rent and expenses get paid off by my interest. Find a high APY account and open some 0% APR credit cards like the chase freedom unlimited and use it for ur daily spending, pay it off with investment return and whatever you save off of working

heres my current average gain/loss for my top performing positions, Vanguard is generally good with returns as well as gov money market, i keep 2/3 of all my assets invested because i am young and can afford to play with risk.

some more info: i highly reccomend that you put your money on banks that will offer you a good interest rate with little to no fees, I started with a chase college and then upgraded to a chase private client, and when i did they offered me so much, including private banking and stuff, so i highly suggest keeping it in a bank and not on sofex, people hate banks and are scared of them but trust me as far as investment goes the bank only makes money when you make money. my bankers take their cut which is super minimal based on the performance of my assets. If you want more info i can give you some good positions to put money on, granted some weeks ill have days in which i lose 3000 or 4000$ instantly, but generally ill make back 1-3k a day if the stock market is good. i chose to keep the 1-3 k a day in my assets and have my bankers deduct it from gains and deposit it for me on my concurrent checking, you dont need hundreds of thousands to make good money you just need steady returns and a lil bit of risk

I'd love to hear more over the weekend.

Lmao ok. Day thread, which is what OP is doing, is very hard to get a grip on and most people are not emotionally ready at start. You can do it but it takes time and you should first invest and swing trade before doing anything day trading related. Stocks is not luck if you do your research, keep up with news, know patterns, and what not. Sure not 100 percent guaranteed, but neither is you being alive tomorrow. Its only gambling if you make it so.

- - - Updated - - -

I think it was pretty obvious that it would crash @Bernard.



P.S: What do you use? TDameritrade? Charles, robinhood (idk if they do options honestly).

- - - Updated - - -

Also I don't day trade, just follow it . Not good enough imo (YET >: D)

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I still think it will crash. If you take a look at each new record peak, it is followed by a crash.

I don't think it takes a rocket scientist to figure out that after every record peak is a pullback. It's never a question of if, it's always of question of when. Also I use Robinhood. Used it since highschool so never thought to use anything else. Also cause commission free.

[Eternity]

I'd love to hear more over the weekend.



I don't think it takes a rocket scientist to figure out that after every record peak is a pullback. It's never a question of if, it's always of question of when. Also I use Robinhood. Used it since highschool so never thought to use anything else. Also cause commission free.

Do a bit of research on why Robin hood is not the right platform. Just from reddit I can tell their risk management is trash. I would rec tdameritrade? Do you trade often berny? I feel like a dumbass when doing paper day trading. ( emotions)

[Bernard]

Do a bit of research on why Robin hood is not the right platform. Just from reddit I can tell their risk management is trash. I would rec tdameritrade? Do you trade often berny? I feel like a dumbass when doing paper day trading. ( emotions)

Their risk management is trash in that their platform has exploitable infinite money glitches. Of course, they'll ban you and you will never actually get your infinite money. And of course, they'll give margin and leverage to just about anyone. But afaik they don't lose anything from doing that. I just wouldn't trust young adults with margin and leverage cause it's like trusting kids with nuclear launch codes. I don't trade often no. I usually add to my account when I have the extra money from working.

[Eternity]

Their risk management is trash in that their platform has exploitable infinite money glitches. Of course, they'll ban you and you will never actually get your infinite money. I don't trade often no. I usually add to my account when I have the extra money from working.

I STAYED UP ALL NIGHT WAITING FOR YOU TO RESPOND : (

Anyways, its true but I wonder how many people didn't go overboard and still cashed in. However, I guess robinhood can sue them regardless.

[Bernard]

I STAYED UP ALL NIGHT WAITING FOR YOU TO RESPOND : (

Anyways, its true but I wonder how many people didn't go overboard and still cashed in. However, I guess robinhood can sue them regardless.

Well your post was posted around 1-2 am. I went to sleep bit past midnight cause I had to wake up at 7 to go to work lmao.