Nice. I'm out of trades for now.
Anyone investing heavily this year??
- Thread starter rph2005
- Start date
Nice. I'm out of trades for now.
You’re right but this is like a hobby to me. Mind you I’m a CDT, CDA, RDA, office manager for a prosthodontist for 13 years. I do numbers and chemicals. That’s why I like Webull so much because I can analyze free float, volume, inflow, and outflow quickly on one page at a glance. But I like my E*TRADE because Webull has a delayed quote. Today was just a fluke that happened to turn out in my favor lol. I would like to get into options but day trades are just easier to me at the moment. Options seem riskier to me for some reason. Maybe I just need to do some more research. Thanks for the warning.
The main risks I’ve seen so far in options comes down to not understanding how options work, managing position size, and misuse of leverage / margin. A combination of those 3 can cost you a ton of money. But using them wisely can lead to consistent income with manageable risks.
This is something to keep in mind if day trading isn't necessarily going the way you like.
90%+ will lose everything they invest over a a few months. Also, if you visit any investing forum, no one is really interested in what you claim to have made without proof. Screenshots of entries and exits and settlements on a live account. People can claim anything on here (and I'm not saying they are lying) and people seem to eat that shit up.
Yet people are complaining about being labeled pattern day traders on these platforms. For the sake of fluidity and being able to hedge bets, or exit, I don't see how most can be done without having the ability to buy and sell and unlimited amount and having the funds settle instantly. This is what PDT offers.
Not having enough free capital will leaving you holding onto losers claiming they are long term holds..... When in fact they aren't. Part of trading is knowing when to cut your losses.
Take most claims made in this thread with a grain of salt especially if they aren't pattern day traders and haven't shown proof. Most of the stocks mentioned in here are penny stocks or just a stutter step above that realm and that is incredibly risky trading.
Damn near 80 pages and no one can take a screenshot??? It only takes a second as opposed to the long drawn out statements regarding how they are doing. Be weary. I no longer trade stocks (I still trade for a living, just not in the stock market), but I would purposely become a pattern day trader for the trading freedom it brings.
90%+ will lose everything they invest over a a few months. Also, if you visit any investing forum, no one is really interested in what you claim to have made without proof. Screenshots of entries and exits and settlements on a live account. People can claim anything on here (and I'm not saying they are lying) and people seem to eat that shit up.
Yet people are complaining about being labeled pattern day traders on these platforms. For the sake of fluidity and being able to hedge bets, or exit, I don't see how most can be done without having the ability to buy and sell and unlimited amount and having the funds settle instantly. This is what PDT offers.
Not having enough free capital will leaving you holding onto losers claiming they are long term holds..... When in fact they aren't. Part of trading is knowing when to cut your losses.
Take most claims made in this thread with a grain of salt especially if they aren't pattern day traders and haven't shown proof. Most of the stocks mentioned in here are penny stocks or just a stutter step above that realm and that is incredibly risky trading.
Damn near 80 pages and no one can take a screenshot??? It only takes a second as opposed to the long drawn out statements regarding how they are doing. Be weary. I no longer trade stocks (I still trade for a living, just not in the stock market), but I would purposely become a pattern day trader for the trading freedom it brings.
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That’s sooo true. When I first started my little day trading I was down 4 stacks. It took me a whole year watching and learning and picking up information here and there to dig out of that hole and profit. You can’t just jump into it on a whim. Speaking from experience. But from watching this thread, fellow BGOL members like thrillseeker, his discord group, and personal research I was able to figure out a strategy that worked for me personally. People think you can just JUMP into trading and options without taking a loss. Not gonna happen. I’d be LYING my ass off if I said you could just jump in and make bank. It took time, patience, and learning for me to get to a point where I could turn a profit. But the main thing that I’ve learned personally, the more money you put in the bigger the profit and patience and knowledge is KEY.
Congrats on your overall progress. You were in a hole, but gradually climbed out if it. Yes, knowledge is key and you seem to be in the right track and that's what i like to see. Some lessons have to be learned the hard way, but it seems to have made you a much better trader!
Couldn't have said it better
I realized that after I was hesitant on wasting a trade that wasn't going to bring in a big win. BTW, here is a screenshot from earlier today from me:
Stop losses, brothers. Risk management is the key to limit your losses. You can not succeed at this game without good risk management and hard stops.
I realized that after I was hesitant on wasting a trade that wasn't going to bring in a big win. BTW, here is a screenshot from earlier today from me:
Good shit. Posts like this are actually helpful man. We all hesitate at times.
Heinz making a comeback. Was down to $20 a share back in May. Now is at $35. That is a $15 a share jump in 4 months.
I admire the cats on the board constantly dropping knowledge. I'm still in the sidelines for the most part when it comes to day trading. Call it hesitant with training wheels.
Earning season might be good though for my buy and holds. Hopefully the etfs/mutual funds will have a nice bounce tomorrow with Goog, AAPL, amzn, fb all crushing it for the quarter. AAPL with the 4-1 split might allow me to grab a few more at around $100/share when it happens.
Earning season might be good though for my buy and holds. Hopefully the etfs/mutual funds will have a nice bounce tomorrow with Goog, AAPL, amzn, fb all crushing it for the quarter. AAPL with the 4-1 split might allow me to grab a few more at around $100/share when it happens.
Some of it won’t be helpful if you don’t know what you are looking at or how to read candlestick charts. If you not into technical analysis this will be like reading greek.
As far as P&L screenshots I already got bread so I’m not super interested in someone else’s P&L but I get the proof point. I think that’s a bigger deal if you just blindly follow someone’s trades.
I’m more interested in the strategy and trading plan folks used and see if it would work for me. Some chase moonshots and pump and dumps and that’s cool if it works for them. I’ve found I suck at that but I’ll take a shot at it here and there after I do my own due diligence on something suggested. It brings in some stuff I haven’t thought about so I like that about this thread.
I came across this thread around page 45 and was lucky enough to see hottmixx ask for the discord link. 9/10 I'm sharing a day trade play. I wake up early and do cardio. Simultaneously, I'm on WeBull (4am-8pm EST) looking at screeners. I mainly play PM and AH.
Proof and their strategy/trading plans go hand in hand. Any even halfway serious investing forum will have numerous screenshots, especially candlestick charts.
Anyone can appear knowledgeable or an oracle speaking after the fact. Screenshots with explanations give you a peek behind their rationale.... Why they did or didn't enter..... Why they excited when they did, why they doubled down, etc. Without proof beforehand, it doesn't mean much.
It only takes a second, but the vast majority give a narrative well after the fact that isn't much help.
This can certainly be debated. Under the defense production act, there were a number of fat more qualified and specialized companies for the job. I wouldn't hold onto that stock long term, that's for sure
Fair enough definitely need explanations. Can’t just show screenshots when some people don’t know how to read the charts or what they are even looking for.
Agreed.
When I started watching Youtube videos on trading, almost all the terms went over my head. Detailing a strategy without knowing what you are looking at is pointless. Now, when I re-watch the videos, I can follow them. Anyone who wants to learn should take the first step themselves.
*Not debating, just commenting.
Yea I was feeling like that here in the beginning but now I can pick up what folks are doing pretty quickly and see if it fits my approach or not. Chasing runners and the next crazy stock of the day ain’t for me.
For all you Apple shareholders, they beat earnings, and announced a 4 for 1 split.
https://finance.yahoo.com/news/apple-q3-earnings-2020-203224360.html0 shares,
https://finance.yahoo.com/news/apple-q3-earnings-2020-203224360.html0 shares,
Just people slowly letting go of the bag.
The play done been already made. The money done been already made.
Can't fall in love with stocks like that.
The stock stayed under $4 for a year and a half then double it's 5 year high in two days.
I saw a wave of people pumping robinhood and forex trading courses/groups. The same day that I decided to invest, I found this thread. I'm a "novice" at best. I study more than I trade. I have a small account. Wasn't sure if you were on...but thanks Thrill3Seeker for putting me on.
If you dont already have apple shares is it worth jumping into now to take advantage of the August 24 4-1 split?
Stock split simply increases the number of shares, which reduces the price per share because there are more shares outstanding. Neutral event. However, cheaper price per share after the split may drive more investors to buy.
Yes, today Apple closed at $384, so with the split it will probably be somewhere around $100 +/-. Damn, I just saw after hours, and it's up almost $25, to over $400!
True.
Apple will run to 440 before that split.
That means I am holding my shares until I retire.
When apple does that split those shares will run like the dickens.
Especially when 5G phone is released.
So get in now and just hold.
Have a base of apple shares you hold and some to trade.
MARA is a great stock to follow Bitcoin.
RIOT is also good.
I am investing in DIS because when Mulan hits the streets and the parks reopen its going to sky rocket.
I also have a nice spread on AAL because that new partnership with Jetblue will bring benefits.
They will be leaner and better placed.
I also have a spread on BA because the government will not let them fail.
Its not in the money right now, but I have it spread out to 2021.
I will see that 375.00 again.
That means I am holding my shares until I retire.
When apple does that split those shares will run like the dickens.
Especially when 5G phone is released.
So get in now and just hold.
Have a base of apple shares you hold and some to trade.
MARA is a great stock to follow Bitcoin.
RIOT is also good.
I am investing in DIS because when Mulan hits the streets and the parks reopen its going to sky rocket.
I also have a nice spread on AAL because that new partnership with Jetblue will bring benefits.
They will be leaner and better placed.
I also have a spread on BA because the government will not let them fail.
Its not in the money right now, but I have it spread out to 2021.
I will see that 375.00 again.
I hate Apple, but I would def be interesting in buying and holding tight if/when it's discounted...
I'm DCA'ing BA in my long term portfolio. I'm with you there...
My dumb ass needed a reminder that Disney is also ESPN, Marvel and all that. Dunno why there was that mental disconnect for a minute. I'ma be watching them for a possible alternative if some other company in my portfolio slips up...
I had JBLU for a hot second, sold it and went in on JETS, and then got out of the commercial airlines all together. Limiting my "After Corona" travel related plays to XSPA, BA and XOM/GUSH (I guess) . I'm all over XOM even with the climate and EV come ups. I'm tryna build a position while its at a discount.. Big Oil ftw!
Damn Pinterest gapped up on my ass! It's dropping but they far surpassed my expectations on my call spread. Unless they kill it with profit taking looks like a loss. So far I havent been assigned so I have some time before its more than just a paper loss. I dont think its coming back below $30 though. I sold a call at $26 but hedged at $27
Come on profit taking gods
haha
Come on profit taking gods
haha
Sorry you took a loss on that. I was looking at it as well this morning.
SONN, ECOR, MOGU, and SRNE pop-up on my pre-market "scouting."
Outside of some news i couldn't find a real catalyst to go in on those.
My risk management didn't show a 2:1 deal and thus not worth the gamble for me.
I almost jumped on that, too. I jumped on TLSA instead, took my loss there lol
For a lot of stocks, it seems like at 10:30 ET is when shit falls off. It just feels like that's optimal selling time, not buying time, and that's where I keep fucking up at.
I gotta question?
As i mentioned earlier...Premarket the following stock popped up on my screener
SONN, ECOR, MOGU, SRNE...
Of those only SONN surged up from $4.58(iirc) to $7.41(iirc) and that was only from 9:30am to 9:45am
That it...I looked at the charts of all those companies, i looked at the news reports etc and there was nothing"that i can see" that would indicated SONN was going to make that slight run. It could have easily been one of the other symbols.
What else could I have looked at to predict that surge?
As i mentioned earlier...Premarket the following stock popped up on my screener
SONN, ECOR, MOGU, SRNE...
Of those only SONN surged up from $4.58(iirc) to $7.41(iirc) and that was only from 9:30am to 9:45am
That it...I looked at the charts of all those companies, i looked at the news reports etc and there was nothing"that i can see" that would indicated SONN was going to make that slight run. It could have easily been one of the other symbols.
What else could I have looked at to predict that surge?
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