Stock Market Today - Intraday discussion - Page 5588  

Quote:

Originally Posted by Tekfreak 

i really need unlimited daytrades. used to have them, had to take money out of account. this is not the market to make a trade that backfires that you cant exit out of unless you want a nice 90 day trading ban.

tekfreak i still think your allowed 3 round trips in a 5 day period before such a ban..

Quote:

Originally Posted by Tekfreak 

i really need unlimited daytrades. used to have them, had to take money out of account. this is not the market to make a trade that backfires that you cant exit out of unless you want a nice 90 day trading ban.

Join a prop firm man.  That's what I did.  

Quote:

Originally Posted by o7media 

great comeback today!

great call you made over the weekend media! big-time kudos my friend. 

Congrats SemperOorah! I want to get into options..Iv read a few books but I'm not sure if I'm ready yet.

yup, and i used my 3rd today, then couldnt resist making another trade, only to have it backfire. effing pissed because I had a 12 trade "winning" streak and would still have that. Now my only hope is no gap up tommorrow. i really need to close my browser once im out of trades until i get themback in that rolling period

Quote:

Originally Posted by Davecash77 

tekfreak i still think your allowed 3 round trips in a 5 day period before such a ban..

 

nice trade SemperOorah 

you called it 

 

Quote:

Originally Posted by o7media 

great comeback today!

Nicely played gang!

AAPL payed off nicely today, I got out a bit early but thats ok.

Ill be looking to start up on the SPY puts again if we wonder into the 1170-1180 range.

Im thinking we rally into Obama's speech, he says something about unicorns, we make a high, then sell off and finally go to test the Aug lows and new lows.

Is anybody dead-set on the bullish case of going back above 1250 or so very soon?

Ive read many books on options also but just can't seem to grasp it still.  I really need to just go thru the motions and do some options trades.  I wish someone on this board that is more knowledgeable would start a thread trading options real-time.  And really make it beginner friendly spelling out all the trades.   I would like to follow a thread like that and make the same exact trades.   Of course I would not risk alot at the beginning, but following thread like that trade for trade would really help me out.

Quote:

Originally Posted by skyscraper93 

Congrats SemperOorah! I want to get into options..Iv read a few books but I'm not sure if I'm ready yet.

What I'm doing right now that you can do as well is to use a practice account over at http://education.optionseducation.org/vts/. I'm trading stocks with real money but use a practice account for options trading since I'm still learning. Besides hedging with put/call options, my favourite strategy thus far is the long strangle on 3x ETFs like TZA because those move fast. I got the Sep 11 $46 calls and the Sep 11 $41 puts and the calls are up $7,750.00 while the puts are down ($4,950.00). The calls were already in the money on Friday but I left them over the weekend cause it's not real money 

Give it a go, try out strategies and what if scenarios.

Quote:

Originally Posted by jeff28 

Ive read many books on options also but just can't seem to grasp it still.  I really need to just go thru the motions and do some options trades.  I wish someone on this board that is more knowledgeable would start a thread trading options real-time.  And really make it beginner friendly spelling out all the trades.   I would like to follow a thread like that and make the same exact trades.   Of course I would not risk alot at the beginning, but following thread like that trade for trade would really help me out.

Stick to this board then for the time being, people often put (no pun intended) their options entries almost real time.
 

An easy way to close options trades without really closing is to make it as tight of a spread as you can.

Example, if you have a $50 call, sell the $51 call. You usually get about 90% of your money back and don't lose any time value overnight, most of the time you gain because the further out of the money leg has a higher theta.

If you own stock, for every 100 shares buy a put :)

CNBC still touting bearish words, so we'll go up naturally....

Quote:

Originally Posted by StockJock-e 

Nicely played gang!

 

AAPL payed off nicely today, I got out a bit early but thats ok.

 

Ill be looking to start up on the SPY puts again if we wonder into the 1170-1180 range.

 

Im thinking we rally into Obama's speech, he says something about unicorns, we make a high, then sell off and finally go to test the Aug lows and new lows.

 

Is anybody dead-set on the bullish case of going back above 1250 or so very soon?

Quote:

Originally Posted by skyscraper93 

Congrats SemperOorah! I want to get into options..Iv read a few books but I'm not sure if I'm ready yet.

Thanks everyone.

As I said in the AAPL thread, I was shocked how fast my account was moving by several hundred dollar swings by the minute (small beans for many of you I know). I don't think I truly appreciated the leverage of options until today. So just some advice before you get started; make strict guidelines for yourself, remember sometimes there isn't a good trade available, and don't put in more than you can afford to lose.

I bet you'd be surprised how disconnected the U.S. stockmarket is from the overall problems Americans face.

There is good reason for it. The companies in the Dow Jones and many others derive 60% of their revenue abroad and are making tons of money in emerging markets.

Walmart and McDonalds earnings are so predictable that analysts can predict it to the penny most of the time.

What is important to look at is the amount of money in the world. Debt makes it even better because thats extra leverage.
 

Quote:

Originally Posted by kevin1612 

ha...funny day...living in the United States of denial

yeah...bizarro world 

Quote:

Originally Posted by kevin1612 



its a sad day when CNBC has it right and the rest of the trading world trades blindly