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Post by neader on Jun 6, 2018 20:39:37 GMT -6
Oof, sorry to hear. Market has been great lately for me, since my last post about 9% I'm now at 14%. AMD has gone up 19% since I bought it two weeks ago and AMZN has been doing great as well.
My only regret is not investing more.
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Post by Deleted on Jun 6, 2018 21:16:31 GMT -6
My only regret is not investing more. Also not preventing that whole poop thing. |
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Post by c1916 on Jun 7, 2018 7:05:05 GMT -6
Regarding the CSCO comment on the last page:  That last tick up after weeks of consolidation is significant. It would really be an indicator if the volume also picked up. Alas, that didn't happen, so the signals conflict a bit. If nothing else, it seems like a fair proposition that CSCO will fill in the gap down that it took in mid-May. So, maybe $45 is a fair target in the short term. I'm not convinced of a real breakout based on the current charts. FWIW. |
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Post by neader on Jun 13, 2018 10:44:58 GMT -6
As a $NFLX holder hugs and kisses to goldman sachs rn
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Post by chvrchbarrel on Jun 13, 2018 10:45:33 GMT -6
c19 how much money do i need to give you for you to make me money
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Post by andrewvb on Jun 13, 2018 10:59:23 GMT -6
don't trust neader with your funds?
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Post by chvrchbarrel on Jun 13, 2018 11:03:31 GMT -6
Neader took all the skin out of the Netflix game, what's the point in teaming up there?
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Post by neader on Jun 13, 2018 11:04:31 GMT -6
don't trust neader with your funds? this is a really fucking dumb comment |
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Post by andrewvb on Jun 13, 2018 11:18:13 GMT -6
it appears i've insinuated something worse than i thought, so i'm just going to apologize and  |
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Post by neader on Jun 13, 2018 11:22:25 GMT -6
i mean, just because i'll double post tour dates once in a while or do any other fuckin' neader thing doesn't mean im bad at this and just throw my money wherever without giving a shit
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Post by chvrchbarrel on Jun 13, 2018 12:20:52 GMT -6
Was it a shot at you neader? I did not interpret it that way; I replied to a 6-day-old post to ask for fake advice instead of your minutes-old post, I think it was just a joke at the expense of the situation.
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Post by neader on Jun 13, 2018 12:22:51 GMT -6
i don't think yours was, avb's is up for interpretation
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Post by c1916 on Jun 13, 2018 12:30:04 GMT -6
c19 how much money do i need to give you for you to make me money No way do I have the balls to potentially lose other people's money.
Also...I'd be willing to bet that our time horizons are pretty far apart. You don't want to follow me...I've been taking risk off every time there has been a reasonable move up. Then, trying to build a portfolio of income producing instruments as I'm not interested in risking my impending retirement to try and make a fortune.
On Monday, I sold a shit ton of Twitter, NIKE, and Iqiyi and dumped most of that into SPFF (Global X SuperIncome Preferred) which is paying almost 8% dividend, PCEF (CEF Income Composite Portfolio) at 5.2% yield and NYMT (New York Mortgage Trust) currently yielding 13.1%. The rest is in cash, looking to get back in during the next correction/dip. If you're still awake, congratulations.
You guys have fun with Amazon and Tesla. When the time is right, I'll just trade the options. 100 shares of Amazon at $1700? Pass.
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Post by neader on Jun 13, 2018 12:36:20 GMT -6
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Post by fancypants on Jun 13, 2018 12:48:03 GMT -6
Great timing on Twitter. Been debating getting out myself
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Post by c1916 on Jun 13, 2018 12:56:04 GMT -6
Here's an interesting play for you that I will be investing in tomorrow. This is a momentum, earnings, and historical precedent play. It happens to be on Accenture, but the stock is absolutely meaningless to me, my play is to use the fact that ACN will be reporting earnings on June 28. The last two years, every time ACN has approached the earnings reporting date, an investment placed EXACTLY 14 days before earnings (June 14 in this case) to purchase 20 Delta Calls that expire in 38 days (July 20) has returned a cumulative 444%, winning every single time. The 20 Delta Call for 7/20 expiration sells today for about $3.10. The key to this strategy is that you do NOT want to actually hold the option through the earnings date. The intention is to SELL this investment one day before earnings (June 27). I am basically saying that the approaching earnings have traditionally generated interest in ACN, and I want to share in that enthusiasm without actually owning the stock and without taking the risk of an actual poor earnings report. By selling before earnings, I hope to accomplish this, and it has worked 8 times in a row. Will it work this time? Probably not since I'm sharing it here. I will protect myself by covering early if the option loses 40% in the 2 weeks that I expect to hold it.  |
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Post by c1916 on Jun 13, 2018 12:57:32 GMT -6
Wow...that's weird, the tinyURL version of my image is not the same as my original image.
This image would suggest that buying a 30 delta call is more profitable.
WTF?
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Post by neader on Jun 13, 2018 12:58:40 GMT -6
fuck it im in #yolo
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Post by chvrchbarrel on Jun 13, 2018 12:58:46 GMT -6
I understand about 8% of the above but I am very excited to hear how that plays out
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Post by neader on Jun 13, 2018 12:59:21 GMT -6
what do you trade through c?
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Post by c1916 on Jun 13, 2018 13:03:15 GMT -6
Schwab...in my IRA.
I'm happy to come back tomorrow and post the actuals. Not ashamed if it winds up being a loser. This is the sort of thing where my "play money" goes. I can play 10 options (controlling 1000 shares of stock) with a maximum loss of about $1200.
Edit: I realize that day trading (fun money) and "IRA" are incongruous. I don't recommend the way I've segregated my accounts to others.
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Post by alady on Jun 13, 2018 13:24:09 GMT -6
I would let neader roll over my 401k
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Post by c1916 on Jun 14, 2018 8:07:03 GMT -6
At about 8:52, the options contract closest to a 20 delta for July 20 expiration on ACN is the $170.00 call.
I bought 20 calls to open of ACN 07/20/2018 170.00C @ $1.30. If you haven't traded options, the price has to be multiplied by 100 because each contract represents 100 shares, so each contract cost me $130. Basically the "bet" is that ACN stock will be at or above $170.00/share by July 20 (it's currently $162.70). When buying options time works against you. Each day that ACN churns or drops, the likelihood of it getting to 170 decreases, so the value of the option is much more susceptible to those changes. The theory behind my placing this trade is that the market has shown a likelihood to bid up the stock as it gets closer to the day it reports earnings. The history I discussed in the previous post indicates that this has happened 8 times in a row, so it's worth a nibble.
I also put a bracket on this order to automatically sell if it either goes up or down 40%, and a tickler on my calendar to remind myself to sell it on June 27.
This is not an investment...this is much closer to day trading even though my time horizon is two weeks.
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Post by thebosma on Jun 14, 2018 8:10:05 GMT -6
I don’t know if I could ever get into trading options because goddamn is it terrifying. I want to get into a tiny bit of day trading here and there but nothing significant. You said you do all of these within your IRA? Why not open a small fidelity account or even use like, Robin Hood or whatever
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Post by neader on Jun 14, 2018 10:26:09 GMT -6
Decided to be a little risky lemming and put some dough into $AMD today and currently at 2.0% so ayyyy. Since doing this about 4 months ago my portfolio has gone up 9% which I'm somewhat happy with. Really wish I put more money in $NFLX instead of $AMZN since I've seen a 31% return on that. AMD is now at 27% and an ATH. Should be a pullback any day now then I'll be throwing in a lot more than I currently have. NFLX currently at 45% and overall at 16.73% bc most of it went to AMZN which is growing the slowest. |
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Post by c1916 on Jun 14, 2018 11:02:44 GMT -6
I don’t know if I could ever get into trading options because goddamn is it terrifying. I want to get into a tiny bit of day trading here and there but nothing significant. You said you do all of these within your IRA? Why not open a small fidelity account or even use like, Robin Hood or whatever I have accounts at Interactive Brokers, Fidelity, TIAA, and Think or Swim...but the IRA account allows me to book gains without tax consequences. Of course the flip side is also true in that I cannot use losses to offset taxation. |
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Post by thebosma on Jun 14, 2018 12:16:04 GMT -6
I don’t know if I could ever get into trading options because goddamn is it terrifying. I want to get into a tiny bit of day trading here and there but nothing significant. You said you do all of these within your IRA? Why not open a small fidelity account or even use like, Robin Hood or whatever I have accounts at Interactive Brokers, Fidelity, TIAA, and Think or Swim...but the IRA account allows me to book gains without tax consequences. Of course the flip side is also true in that I cannot use losses to offset taxation. So in my head I really thought you meant your primary retirement savings vehicle. I definitely get the tax benefits side. I typically avoid posting much in this thread because legally I have to be careful what I say about financial advice online but the concept of someone gambling their main retirement vehicle on options was a little terrifying to look at. |
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Post by Deleted on Jun 14, 2018 12:55:48 GMT -6
I'm on pace to retire by 55. *praise hands*
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Post by c1916 on Jun 14, 2018 19:49:52 GMT -6
I'm on pace to retire by 55. *praise hands* Join the club. It's a great feeling. |
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Post by neader on Jun 15, 2018 9:22:43 GMT -6
Bought IQ $45 calls that expire on 7/20 during the dip this morning
It was up 60% at one point but I'm holding until it expires or I get more.
Pray for me.
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