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The guy who hits the consistent trades makes more money. The 5 10 bagger is not often and you will loose money waiting for them....trust me this is the promise from every penny stock.out there.
A scalp is not an amount ......it's in....ride to wave up or down and out....collect. Good scalp would be in 50 cent move on the option and out in 5 minutes.
25% is 25% it adds up. When I started I had $600 after getting screwed from penny stocks. I built that up over 2k ...took a month break in November and then started again with the 2k. Little by little you can build it up. I always just traded smaller amounts. I can't wait to get over 10k then I will be buying 50 and 100 contracts every pop to..... But you have to start somewhere,
No no no no.... I started with 2 k real and 2k virtual. Real was over 3k now at 1900 . Virtual was also 2k to start but its up to 16 k. Sorry for the confusion
Not true ... If he buys 2 k then you drop a0 and buy 200 .he makes 500 you make 50 . Just a couple contracts let it make its move use 1 or 2 min chart let it run and out. Collect ! Then the next and the next.....done for the day...do it again tomorrow.
SJ I just needed to blow some steam bud....kept the text as rated G as possible. I will sit the next 2 days out because Ill be at a computer trade show....and drinking beer. I will be watching the forum...hope you all make money.....but I think the small consistent scalp would work all day the next few days. DEE had an awesome scalp today....wish I seen it in time would have played with....good luck too all the next 2 days, see ya next week.
I have not been scalping...that's the point, I think you can do very well scalping the last 2 or 3 days. Everything made a move up and some...only a few down... Most stocks he past few days make above then dip and then make a move...over Andover again....some play sideways for a while ,but look at the chars scalp would work great now. I played normal TA play and hold for a while and between my 3 to 4 attempts and I played 2 of DEEs. Lost all. Some big. I have looked the charts over and over from the past few days and think scalp would have worked great. Of corse you have to find the ones with volume, but these days it's not that difficult. Simple 2, 5,10 contract scalps would have worked fine. Example was FB ...my favorite penny stock...I bought 10 cons 20 minutes later sold ....options made a6 cent move that's 60 bucks. Fucked around all day with a few others trying to do a real trade... Took it in the ass for over 300 bucks between them. Just don't get it!
I think I would do better if I threw darts. You have to play out your ideas... I try my ideas in a virtual account ...play money... I started it with the same amount as real money....real money now under 2k ...virtual account over 16k. I don't get it
Play small number of contracts. You can make good money. I think right now as the market stands the easiest way to make money is to scalp....get in make your 10 to 20% and sell. You can make very good money doing this.
Damn Fuckin Right about that. Another day another ass wippin. Thank God I will be on the road the next 2 day....Friday I usually do OK though, but after this week.... who fricken knows. Maybe Friday wherever I am about this time I will just walk out into the street and toss a couple hundred dollars into the street and ask somebody to kick me in the ass as I walk off the street. I may get more enjoyment out of it.
I'm still with ya SJ. Holding my $22.50 Weekly puts. I sell these thats it for trading today.
GM SOU.... Looks like pre market those VXX calls I held will not work out to my favor. DAMN
@optiontrades. Only have a free subscription so cant reply directly. Let me know if you get this message. Option house is 5 contracts for $5. $1 each additional. If you trade more contracts then you can change to $8.50 plus $.15 per contract. Both come out to the same at 10 contracts. If you trade 11 or more contracts then the $8.50+ $.15 is cheaper. You can change back and forth between the 2 rates. To start when I only traded 2, 3, 5, cons had the 5 for $5. Now I usually do 10+ I have the other. I sometimes trade 3 or 5 cons for apple and have to pay the $8.50++++ but once or twice a week is OK.
I keep my Think or Swim for the platform and may do a swing trade or 2 a month ....but I love the platform and all the tools
Why don't you use a cash only account. No PDT. Day trade as much as you want everyday, as long as you have cash available. Everything you close will be available the next day. What broker do you use? I use TD Ameritrade the think or swim platform just for the platform. I keep a couple of bucks in the account. I use options house to trade with, no margin cash only. Works fine. ....no PDT BS.
Dude you are preaching to the choir here! Read POST 9987 I am in your shoes, I'm in your boat and my blood boiled a few times today. Wanted to sail my imac out the window, but I may need it to get out of another loser I picked!
I'm keeping my $24.50 VXX calls overnight also. SPY moving lower and AAPL well off its highs of today. Almost bought some SPY $154 puts for overnight.....but didnt VXX calls are just as good
I know what you mean and agree. Since things are not working well I am just going to stand back for a day or so. I leave Thursday afternoon (morning your time) to go to a computer and IT trade show...yaaaa buddie get to look at computers and IT crap all day ooooohhhh and drink Beer......AHHH Good German Beer!
Well it looks like just the opposite. I am holding my couple of $24.50 vxx calls overnight. Nothing else I tried worked so try something else. Since logic doesnt seem to work antmore, I'll just try throwing a dart at a list on a wall, and a second dart at a paper full of red and green dots. If green then I buy calls, and red I'll buy puts. Maybe this new type of TA will work, because nothing else does. Next I'll have to pull up my TOS and start running the scalp script and try that. What a shit day and week. DEE if your reading this also I know how you feel only I dont have your money and am about to go under my fricken 2k agin.
been looking at the $SLV $28 calls ...weeklies are cheap, but march monthlies seem safer. $GLD not sure, many think it should go lower like under $150, but the charts to me look like the bottom is in and we can move higher again. Whats your thoughts????
Good evening SJ its almost 9pm here!!!!
Yeah been staring at them $24.50 calls for the last 30 min.
Good Trade Buddy!
GM DEE and SOU !
What Slump? We are all still here.....nobody died yet..
Ok Tuesday is a new day.
Looking at $AAPL $380 or $385 weekly puts. Going for $.21 and $.30 now. If Apple cracks under $420 .....$400 or less will come real fast.....imo
DEE dont look at it like that. You are the 70/30 trader, Look at your history Bud, those are some massive numbers posted consistant for over 6 months. Dont let this get you down!
Y U I took a couple of VXX $24.50 Calls for $.16... Kind of justa lotto or hunch!. Could see small sell off before the weekend. After an up and down like this week may be less holding over the weekend, maybe??!!
Thats OK Bud! I missed the alert and when I seen it the market was making a push South so I waited. At a Buck 40 a Con I could of only bought 1 or 2 anyway.
Out the rest of those freebie $GS 150 calls at $1.26, Still riding $GMCR $48 Calls from $.32 and some $GOOG $805 Calls from $.75
Hey esva.... How are those $BIDU Calls working for you? I hope they are doing well!!! After your buy a few days ago... they were not looking good. Hope all went well Bud!
I sure hope so.... My Military contractor job is riding on it. They are looking to cut my hours, but at least I can keep the position. If Shit really hits the fan my position here is over. I do run a small business on base, so I will survive, and Tradin with everyone will supplement my income a little ....I Hope!
Yeah you did that and I am the biggest Rookie here and the oldest.....
What did Obama say????? Market is going South.....
Sold half my GS $150 calls in $.22 out $1.00....
Other half is now at $1.51.....going to let them run ,they are freebies anyway!
I picked up a couple of GS 150 calls at $.22 right at the end of downward drop....they are sitting at $.54 now. Will hold and observe or sell 2 and keep other 2 as freebies. WOW what a R to G that was.
Good Mornin SOU !!!!
Sooo Does the market look like we are heading DEEP South tomorrow?
VIX went over 15 and WHAAAAM Spy, GS went south ...VXX, FB headed north. Funny how when market volatility goes up $FB Fuckbook goes up, Is that the new VXX indicator?
Yo dude its all plain old american english to me. I aint goin nowhere....
Need to e-mail Awesome penny stocks to pump this bitch to get some through put movin! Funny how all the sells show but the buys just disappear into thin air..... pooooof and gone, but the shitin sells light up like a christmas tree.....
........I was only saying.......pick a winner, I'm not pushin. I just got home and logged back in and was catchin up on the buys and sells from everyones posts the last 2 hours.