Bad CEO. Time for him to go!
Anyone investing heavily this year??
- Thread starter rph2005
- Start date
Great point and it happens all the time. That’s why I’ve been in the OTCs. This week has hurt a lot of people because of the supply chain issues from the snow storms and market reaction. People also trading heavy on margin because of the inflated market so there were a lot of margin calls this week as well, forcing liquidation.
worst thing you can do is not have a plan (which most traders don’t) and end up getting crushed during times like this.
At what price would you jump out?
depends on the metrics......price, volume, support level, etc
if it stays well above support and there is increased volume...i would stay in.
but if the volume decreases and it continuously gets close to that upper support level.....i would exit.
Option scalp.
Congrats! My mentor just cleared $100k on $CCIV. He believed in what they were doing and put everything he had into it when the ticker was like $13 dollars.
Split between stocks and options! Almost $30k!
So where do you see the levels of support at? What price is above support and what is upper level support?
Mean Money Greene
Rising Star
Are you guys mostly doing options or holding? Especially on these OTC stocks.
Good because it is looking like an overbought stock to me. Finally started to research and, initially, it looks like a fat pig.
OTC has options? If they do, I wouldnt trade them.
Good because it is looking like an overbought stock to me. Finally started to research and, initially, it looks like a fat pig.
I find the comment interesting and would be curious what research you're looking at. $NKLA was able to reach a ticker price of almost $100 and they had nothing! No vehicles, no plants, nothing! $CCIV has vehicle ready to mass produce, innovative battery tech, the physical plants etc and they're at $65(as of this writing). I also wouldn't downplay the fact that they're an American company unlike competitors like $NIO.
What do you feel is a "fair" price for a company with it's potential? Under $65?
What platform is that on
I’m not sure yet, because of the methodology I use but I will know soon. If you have seen my posts, you know my style is non-traditional, because it is 80% luck.
What do you mean? Question is too ambiguous.
OTC options are rare in comparison to those on major exchanges and mainly done privately through a broker.
I’m not sure yet, because of the methodology I use but I will know soon. If you have seen my posts, you know my style is non-traditional, because it is 80% luck.
Gotcha! If you see an obvious angle i'd love to know about it. I'm in heavy on $CCIV and as of now it's made me some good gains. I'm looking to hold the stock longterm as i easily see it getting to $100 in the next 6 months.
I chicken out on the $HD call option expiration 02/19 , i could have made +$2280 profit with a premium cost of $2370 for 10 contracts.
You also could have lost your ass off. That's how i look at options contracts now!
I've been burned too often holding shit that end up fucking me.
True, and it seems like most time when I execute an option I either breakeven or lose.
These brokerages are selling my data.
CGC, CURLF, CRON and ACB.
Option scalp.
take it!!!
You could do spreads instead of traditional options.I chicken out on the $HD call option expiration 02/19 , i could have made +$2280 profit with a premium cost of $2370 for 10 contracts.
$GRWG
The Market! I had a 30c option that expired in May. Happy i took my profits and sold them when the stock was around $28ish.
If i kept them then my ass right now would be in the red, sweating! Wondering if the stock is going anywhere near $30+ in the next 4 weeks or so..
May? Man, you sold too early. A lot can happen 2 months.
Fuck that! Trading options got me paranoid like a crackhead. I take profits and run! As soon as I get to 25-30% I’m out.
Im not sure you can set a stop loss with options. The price flactuates so fast. A dollar drop in the stock price depending on the option IV can cost you like $50-$100 in an instant. In the option world when it goes bad it goes bad quickly!
no stop loss with options, have your notification set when it start dropping or going up.
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