Makin a livin', trading FSLR, POT , TSLA, PHOT
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AAPL being added to S&P 500. Jumping this morning.
AAPL tankage and to make it more fun...lost my data feed this morning. I could see it was going down but no quotes on any AAPL calls. Had to shut the whole works down and reboot. So fun this morning....SMH Daily chart on AAPL looking really bad. If it drops another buck it may head down to 120 over the next few days. Might get some help Monday if the big "event" is positive.
Thanks for that, I may not have the cash or volume to make it work for me. I did find some good choices other than etrade like "Just 2 trade" $2.50+.50 and another one Smart referred to me. Checking into those. SureTrader is interesting because they will give you 6X your money and no day trading restrictions. The buying power would allow me to trade stocks better. Don't need that much $ for options really.
AAPL up nicely pre-mkt. Sellers pounded it yesterday PM so maybe some shorts feel the pain today.Broader mkts look to open green as well. Might work out for once!
AAPL calls holding. Not a good close, may add a few tomorrow.
Somebody (hedge fund) dropped a 300k bomb on it looked like.
I'll check it out tks. You still in the googl puts from this morning? I see you got on that again.
NFLX just got chopped $10 but rebound 5 ?
I'm looking at sure trader 4.95 + 1.00 per contract. $500 min to open an account. One place someone mentioned in the past was cheap but $5000 to open. Can't remember the firm. May do some google searching to see what else I find.
EDIT question for anyone...Where can I trade options for less money? Etrade is $10 each way+.75 /contract. thanks
AAPL I only had a few contracts and one shot today so didn't exit. Saw 129.50 as a top but it didn't get past yesterday's close 129.36, staled at 129.34. Road out the nasty pullback. Looks like she wants to take another shot at 129
EDIT Sucks! Need 129.12 to break out.but SPY and IWM trying to rally a bit maybe we get some help.
AAPL getting pounded on every attempt to crack 129 maybe this one will hold
EDIT we may win this! Go AAPL
Yep failed to get past the middle bollie or hold the 129 break. Battle for direction right here.
2nd edit last few 5 min candles have big spikes that faded. no likey.
EDIT 129 break is good!Macd trying to cross, sto's curling up, will's r pushing past 50 . watching 3 min chart for now
AAPL 130 call .61 @9:55
I last posted 4 months ago. I see nothing has changed. Still expecting something SOON? Yep it is groundhog day.
Something we didn't consider with the time stamps...not everybody in the east time zone? I am, just for the record. Your 10:02 on this buy eastern time? thanks!
EDIT so not on a year long adventure in search of YAK? LOL
Annual Post? Where you been Fed? Hope all is well.
So I've been studying this Googl trade from Friday and I think I am getting some clarity on what you were trying (hard)to teach me. It's a little hard to look back now because on etrade the price history of those puts is gone now. So here is what I'm realizing...If I had bought a couple of strikes closer to the money ( or in) those .35 puts may have been say $1.20 I would have to buy less contracts but when the stock went the wrong way for awhile I wouldn't have lost all value. ie still some time and not such a long shot at getting to the strike on a roll over. Then when it did roll over, this one went deep enough to not only get me back whole but would have paid off nice. I don't know what the 565's were at 10:15 (around $1.20?(stock at 565ish) but at 12:30 they were around .40 when I was opening the paper trade and I think went to as high as 3.50. The more out of the money paper trade worked out fine at that point cause the timing was perfect , the direction was right and the stock just collapsed right away for us. The planets were aligned so to speak. That doesn't happen often so it's safer to pay more to be closer itm even if you have to give up the multi bagger. The odds are that you make a nice profit or escape with a smaller % loss. And may the odds be ever in our favor. PS did also review the technical's at the time of entry 10:14 and although the stock had pulled back there wasn't really good conformation it was ready to roll over. The day before it had pulled the same head fake and rallied higher. I was impatient after the good AAPL trade and wanted to get back on the ride too quickly. And yes I'm hard headed so it's ok to knock hard. Brad
Jack, I'm struggling much as you are but I'll address a couple of things that I learned here that have helped. Either open or change to a cash account. If you have even a couple G's you can do 4X $500 trades a day. Option trades settle OVERNIGHT! Next day use you own money again no PDT problem. Stupid me didn't know that until I dwindled away my account 3 or 4 times over a couple of years.I was buying and holding overnight knowing I might be screwed but trying to avoid the "day trade" I use 2 accounts , one margin and one cash so even with say $500 I can make 6 -8 trades a week moving the money between them. I remember once I was up $1700 on a put trade I intended to hold but it ran up so much the first day I started buying calls against my position so try to protect my profit. I had already made 3 dt. The next day I got the direction wrong and quickly sold the calls. The stock bounced like hell and between premium erosion and my stupid moves I think the outcome was -$200. I should have sold and been force to play the cash game but thought settlement was 3 days like stock so I thought I needed to avoid that. Lastly on choosing strikes, read the conversation between Roy and myself for some good advice. I tend to go otm a little too far for the same reason as you. Small bank and needing (or thinking I need) more leverage. BTW I use etrade but It's $10 each way plus .75/contract. Another bad reason I tend to favor lower priced contracts so I can spread the cost out. Oh and "take the bread" I don't have a problem with that except that after making a couple of bad trades, I finally get on a good one and can't hang long enough to make a dbl or trip. Scared to lose again. 1 step forward 2 steps back. I win small and too often lose bigger. Friday the GOOGL puts that was my last dt for the day and if I bailed quick for a small loss I was done for the day. It was early so I hung on too long to see if it might have a chance. Not smart and after awhile, no bid on the strike. While I sat there hoping for a miracle tank job to give my puts CPR Roy read the trend correctly over an hour later got on the puts at a better strike and road that horse to the bank. I lost 50% on a small trade, he got a 4+ bagger on a good size position. If I had money in my cash account that day I could have abandoned the early position and road along for a great result. I did a paper trade along with him that I would have made a triple but paper don't pay.
Hope isn't such a bad thing. Not a good trading strategy but otherwise. I got .20 for them. Got things to do so not going to spend more time on it. Brilliant? Not a chance. Just luck that a trade that didn't go the right way right off the bat didn't take all my money.I wasn't ignoring the lesson but If I give up being optimistic when "things" (not stocks) are down or give up hope (yes it seemed hopeless)I won't be able to pick myself up and try again to do better and use it as a lesson. And BTW If I lived close I would happily take that job running your money to the bank. My "job" has been 2 days of work in the last 2 weeks so I "hope" they might need me. I sure wouldn't beat you up for hoping your Dr's know what they are doing and that it works.
EDIT If I was really in those 565's I would be most likely taking my triple here. Would it be just stupid if I actually got BE on these 560's ? Need @ 562 real soon to get there.
OK OK but I still own the crap so is it ok if I hope? Do I really think it will happen? Not really ..EDIT Bid .05 now so it ain't 4 pm yet
2nd edit. The problem this morning was that the stock never made any move down after I got puts. In this case it did move and you made real money and I had a paper dbl.So I'm not arguing that it's safer to buy closer or in the money but the failure was more about thinking I was seeing a move that wasn't there. All that being said I do greatly appreciate your input so feel free to give feedback at any time. Might call you Coach Roy now!
EDIT a couple more $$ down and there may be a .10 bid..better than nothing.Bad yes but something.
Not much but the 565's I would have bought with you are a dbl. The 560's are likely a lost cause but it ain't over till it's over. I didn't think GOOGL or TSLA could move $10 in a day but they do it all the time. TSLA if I'm on the wrong side. So drop and give me 10 ggogl!
2nd edit AAPL falling SPY AND IWM...maybe they will take the whole market down ...good for us!
EDIT If I were buying here I would have still looked at the 565 for .40. ANYWAY if you win big I might salvage a few bucks so DIE
GOOGL !!!
You got the big money so a little easier to buy those closer strikes. I couldn't have bought but 1 of those after closing the aapl trade. Last bit of cash for the day. Yes it would have a better chance even now but at the time and price it looks like a decent play if the stock rolled over a bit. Didn't expect a multi bagger trade.
AAPL been pinned at 130 for almost 2 hrs. Should have played that again and stayed away from the GOOGL beast.
2nd edit this dip took out the 566.41 prev low on the earlier one @11:30. Maybe the dam will break
EDIT LOL Roy... I don't need the stress either but seem to get in trouble anyway. More so with direction than strike price. It doesn't matter the strike when you are dead ass wrong on the direction.
Wasn't expecting them to get in the money but they were $3 closer when purchased @ 1 strike. And a lot earlier too. I don't think I'll trade this one anymore. Big spreads on the stock and the options too. I see you guys make money sometimes but It's hard for me with just a few contracts.Etrade makes you enter in .05 increments on this one for some reason. I see some trades in between but I can't get them on my platform. If it moves down a couple of bucks (quickly and soon) I still have a chance but another hour and it will be pretty bleak.
I hear ya bro ..in some 560 puts that are about worthless at the moment.
GOOGL hows this looking to you now? Can't seem to topple this giant. Small pullbacks but recovery.Riding house money so going to wait for something to happen. Bid on this strike little to none at this point.
Mine dumber went to .05 but looking like I might get a chance for redemption. Liked the TSLA calls but no $ available. Last bullet went to googl puts
2nd edit If it gets past 566 that will suck for me
EDIT darn trying to climb a little geez.Bounce right off the middle bollie on a 3 min. It did flip the PSAR on the move down so we'll see which indicator prevails.
Had a good one but out a bit early. Me and Smart on these googl puts. It's trying to roll over but this one is a slow action sloth.
How do you like our chances?
GOOGL 560 wkly puts a few @ .35
AAPL SOLD stopped out @ .70 from .36 almost a dbl shoot!
Well I'm screwed...well maybe not plenty of time today
EDIT ave .36 now
AAPL 130 call .40 a few @ 9:35 BOT
It doesn't look like a serious fade is in the works. Down a little pre-mkt but yesterday it was unstoppable. One very narrow window for a put play but it charged ahead end of day. If the market turns today (looks slightly + for now) anything could back up a bit. Friday's don't leave room for error.
Need to change the name to DJKIM board. They pretty much hold down the fort here now. Still some good trade ideas but yeh this used to be a hot board.
EDIT GOOGL PUTS? still in?
Forgive me father for I have sinned...that's what I didn't do. My wife has a refrig magnet ( I need to destroy it btw)that says....I didn't know when I married Mr Right that his first name was "always". LOL
Looks like I was right to dump the tsla calls and salvage something.
Not buying the aapl calls is stinging. I was right on the trade, wrong by not acting on it. Still thinking of using a coin flip. Thinking is giving me a 75% lose rate maybe I could cut it to 50/50 ha.
Yep but it was monday so the premium was kind of high. Def went one level too high but wasn't looking a 3 day trade either. The problem is a personality flaw... I don't want to be wrong so I don't abandon a bad trade quick enough. I keep trying to force it to be an ok trade. ANYtime anybody wants message me and slap me back to my senses when you see me being stupid I won't take offence. I saw Roy was in the puts that morning so i kept waiting to enter expecting more downside. After it sold off a few more bucks and everything was way oversold I took a little piece. Tried to get cute and catch the knife.TSLA can move but I didn't expect a $10 selloff. Took on a little more when it showed signs of bouncing but that failed and I didn't bail. It's Monday..got a bit of time to rebound a few bucks and get away was my flawed thinking. Just didn't see I was on the train to hell.
TSLA calls I eventually averaged down to (stupid and rarely works for me) .65 on these 222.50. SOLD half this morning .11 . Just dumped the rest .05 . Sat on them to see if more news or short squeeze or other miracle might happen. Now from the life of Brad a bold prediction... Tomorrow Apple confirmed rumors to work with or buy TSLA ... Stock goes to 250...In that case please send money to my widow. thanks for watching...Hey but I do have money for 1 decent trade tomorrow as I watch the aapl calls i didn't buy sitting 4x+ the price it was when I lost my manhood this morning. Ok enough self deprivation for today. If you try this option trading thing you better have a sense of humor.
2nd edit GOOGL still trying to go higher ...being careful (chicken) here
EDIT I'm looking googl puts too but held off. It popped 50c more.
Nice trade johny... please sent groceries cause I'm gonna starve like this LOL.
EDIT now 1.15 one day I will win...but not today....
AAPL DID NOT PULL THE TRIGGER 129 calls@ .37 around 10:10 had it teed up and could not find my balls...bid 1.00 now $h!t
YeH you're loading up the cash for a bank run. again LOL