Jan 8, 2021·1 replylol what?
Tell us we're useless because we can't tell you a 100% way to do it right, and then you accuse people of being mad for telling you that's a nonsense demand?
alright
Jan 8, 2021·1 reply
imShyYou're right about selling possibly being more profitable. You also need a lot more money to sell options than buy them because you need to own at least 100 share of a company. Unless you want to sell naked calls and put which is the worst thing you can do.
my quote didn't say anything about buying or selling I just said there isn't anything wrong with trading options.
But let’s be real, the insane and alluring returns in options are from traditional buying to open. I agree options at large shouldn’t be looked at as taboo, but again let’s be real, you and most short term traders aren’t making turning 6k profit in 4 days from farming theta unless you have a well above 100k account. Meaning you’re advocating buy-to-open.
I’m not attacking you, but options shouldn’t be advised to new traders unless they’ve done extensive research on understanding the Greeks. You promoting options is clearly from the buy side, since again that’s clearly what you did.
- Jan 8, 2021
yeah, im the mad one here
- Jan 8, 2021
You’re making yourself look uneducated man
Jan 8, 2021Thread derailed
- OPJan 8, 2021·1 reply
jozenYou and I both know options trading for the common person is synonymous with gambling. There is no difference. There's nothing wrong with setting aside $100 to day trade if you like losing money. Stop enabling the idea that there is such thing as fast money. We're in a crazy bull market right now and I'm seeing tik tok investment gurus come out of the woodworks like they know what they are talking about. The options trading you, or any other average person does, is gambling, plain and simple.
bro you're dense,
if I'm going to be the idiot then yes, I'm completely fine with gambling away money I'm not afraid to lose while MOST of my investments are saved long term like other safe smart investors. you can keep pushing that stick further up your ass. just because some people can't manage risk and control their trading doesn't mean that applies to everyone.
you took something as simple as saying "you should learn to ____" and completely spun it. congratulations.
- Jan 8, 2021·4 repliesimShy
most of trading is learning as you go. there are some things you should know though to get started.
1. If you see a stock going up, don't buy it you're probably too late.
2. you can make plenty of money on meme stocks. (Tesla, NIO, Palantir, etc)
3. markets tend to rise in the morning and fall or flatline later in the day. because of this it may be best to take profits mid day before it dips later on. Stocks tend to tapper off end of day because traders take profits.
4. like the last point, the market tends to dip the further you go into the week for the same reason as above.
5. take profits and reinvest. unless you really suspect a stock will skyrocket it's most times better to take profits to secure them and then reinvest the rest. you won't be losing out on that much money anyway if you play it right.
6. don't try to time the market
7. like above, don't day trade by trying to time the market. timing the market means "I have a hunch the market is going to go up/down this week". 6 and 7 are really for options tradings.
8. learn to trade options if you want to make big money
9. if you're buying options have the expiration dates be 4+ months out if possible.
10. buy Tesla
Any YouTube channels you’d reccomend to get good beginner info?
- Jan 8, 2021
Get that cash young king
Jan 8, 2021
BLUE NOTEby small, how much is small to start with?
Practice with a practice simulation online. 1000 dollars. Then practice with 500 off and work up there. Save up 6 months worth of expenses first. I started in March with the crypto thread in tech section and I've doubled my investments in total.
ghosting ®️Jan 8, 2021M1 mac mini and a sweet ultra wide monitor
Save or invest the rest
- Jan 8, 2021imShy
most of trading is learning as you go. there are some things you should know though to get started.
1. If you see a stock going up, don't buy it you're probably too late.
2. you can make plenty of money on meme stocks. (Tesla, NIO, Palantir, etc)
3. markets tend to rise in the morning and fall or flatline later in the day. because of this it may be best to take profits mid day before it dips later on. Stocks tend to tapper off end of day because traders take profits.
4. like the last point, the market tends to dip the further you go into the week for the same reason as above.
5. take profits and reinvest. unless you really suspect a stock will skyrocket it's most times better to take profits to secure them and then reinvest the rest. you won't be losing out on that much money anyway if you play it right.
6. don't try to time the market
7. like above, don't day trade by trying to time the market. timing the market means "I have a hunch the market is going to go up/down this week". 6 and 7 are really for options tradings.
8. learn to trade options if you want to make big money
9. if you're buying options have the expiration dates be 4+ months out if possible.
10. buy Tesla
F*** pltr. S*** was dead water for 3 months for me lol
- Jan 8, 2021·1 replyuser
Any YouTube channels you’d reccomend to get good beginner info?
Deadnsyde, Tom Nash, Zip Trader.
The rest are mostly snake oil salesmen copying other peoples content tbh. Of course there’s a few more diamonds in the rough
It’s also worth it to subscribe to Barron’s, yahoo finance, Wall Street journal, market watch, (and some Reddit’s).
Jan 8, 2021·1 replyimShyI haven't touched Tesla at all actually.
I've just been watching it go up lmao. I'm not mad though. I do feel like I'm missing out most of the time but I'm making safer money elsewhere.
lol i feel you with tsla. was the decision making behind the trades based on the presidential situation, independent of it, or did it happen to benefit from the outcome?
Jan 8, 2021send me $100 on paypal
- Jan 8, 2021
lol
- OPJan 8, 2021·1 replySide Nigha
But let’s be real, the insane and alluring returns in options are from traditional buying to open. I agree options at large shouldn’t be looked at as taboo, but again let’s be real, you and most short term traders aren’t making turning 6k profit in 4 days from farming theta unless you have a well above 100k account. Meaning you’re advocating buy-to-open.
I’m not attacking you, but options shouldn’t be advised to new traders unless they’ve done extensive research on understanding the Greeks. You promoting options is clearly from the buy side, since again that’s clearly what you did.
I'm not advising anyone to start trading options. The operative word in my post was "learn".
if where gonna disagree on that then I guess we can disagree, But hey If I was starting out and someone told to me learn the ins and outs of options trading I'll have a lot more money.
I for one think it's important to tell someone to "LEARN" how to do something, and have them go about it the right way, then to stumble upon it themselves and f***ing up by rushing into it.
- Jan 8, 2021·1 replyimShy
bro you're dense,
if I'm going to be the idiot then yes, I'm completely fine with gambling away money I'm not afraid to lose while MOST of my investments are saved long term like other safe smart investors. you can keep pushing that stick further up your ass. just because some people can't manage risk and control their trading doesn't mean that applies to everyone.
you took something as simple as saying "you should learn to ____" and completely spun it. congratulations.
you specifically said, "learn to trade options if you want to make big money"
and then said to allocate 10% of your investment capital to day trading
I'm dense???? Do you even know what implied volatility is? vega? theta??
If anyone is seriously going to follow OP's pea brain advice and still get involved with options, just avoid weeklies, all I'm gonna say
- OPJan 8, 2021user
Any YouTube channels you’d reccomend to get good beginner info?
You should watch videos or read books on different trading strategies.
I never and don't watch videos on stock trading just because stock trading is something you really only learn from experience. But it's important to learn strategies and you can do that however way possible - books, videos, forums, etc.
- AR15 💯Jan 8, 2021user
Any YouTube channels you’d reccomend to get good beginner info?
Buy books from amazon they arent expensive, thats how i learned.
- Jan 8, 2021·2 repliesimShy
I'm not advising anyone to start trading options. The operative word in my post was "learn".
if where gonna disagree on that then I guess we can disagree, But hey If I was starting out and someone told to me learn the ins and outs of options trading I'll have a lot more money.
I for one think it's important to tell someone to "LEARN" how to do something, and have them go about it the right way, then to stumble upon it themselves and f***ing up by rushing into it.
Gotchu. I guess I sort of agree. I’d definitely recommend people to LEARN the greeks and derivatives in general before jumping into it. I just felt like in the original post you sort of advocated it “if you want big profits get into options”. But I get what you mean now that you’ve clarified. I also just think people need to get exposed to the sell side of options rather than buy side in general which it seems none of these f***head ‘gurus’ advocate. Like honestly you are far less exposed to risk selling a naked option than buying if you know what you’re doing tbh. But yea I’m not on your ass, just think sell-side should be promoted
Jan 8, 2021·1 replygot debt? put a dent in it or pay it off entirely if you can
Jan 8, 2021give that s*** to me
