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Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #150866
2/22/2020 7:57:12 PM

Thanks Xarlor!

If I understand the "PUT CREDIT spread" using SPCE $33.87 as an example if I am bullish...I would then:
SELL the MAR20 35P for $8
BUY the MAR20 30P for $5.60

My account would be credited $2.40 ($8 - $5.60) and I would assume SPCE needs to close at $35 or above for me to "win" $2.40 so that the Puts would be worthless?

And if it goes against me...I would lose $2.40? Sorry, just trying to understand the rudimentary concept in a condensed manner.

You are correct about the "drunk" trading tendencies...

The "psychology" part of trading for sure is super challenging. The dangers being:
- trading for the sake of "triggering" the trade
- feeling like you have to have a trade every day/hour/minute
- past success = guaranteed future gains therefore, when you are "hot" just go for it...
- letting your guard down (didn't follow my 50% stop on ROKU coz my gains spoiled me)

The silver lining of the ROKU debacle was it allowed introspection and I decided to close my long positions before the nasty Friday instead of "revenge" trading.

As always, many thanks!



Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #150863
2/22/2020 5:39:04 PM

Hi Xarlor!

First off, I do sincerely hope that you have benefited from the plays I posted since I started this thread for you are one of the most consistent kind poster who have absolutely helped me along my journey. You give even when there is nothing there for you. I do hope you do stick around for a long time as I have seen a few good ones disappear!

Thank you so much for putting in the time and effort to provide me with the possible plays I can do to salvage this position. With Options, I only do outright C or P as I am hopelessly lost on the Geeks!

There is another choice - sell for a loss (obviously a pain which should teach me a lesson!) asap and use whatever I can get out of it as ammunition for the next play.

Hindsight is 20/20...with ROKU
- I played earnings (even stated that I broke my rules! funny but not funny).
- got spoiled on my historical easy gains riding a hot stock and thought that babe would make me happy eternally!
- Did not bail (when i usually do if it does follow thru) thinking how can the market not appreciate the beat? Doesn't matter if i am proven right...the market is ruthless (I should know that).

Ironically...I should be drunk with joy with all the winning plays...but ROKU really left a bitter taste. Gut said to avoid the play and yet I went!

My "earnings" adventure.
AAPL, TSLA, ENPH, AMZN (not posted) and NVDA all rocked it. Got spoiled...and "lucky"?
GOOG and FB were blah and ROKU was a bloodbath.
Given the high IV around earnings...my limited option logic would suggest...playing options near earnings dates are not very ahem smart (please correct me if my observation is wrong).

Have a wonderful weekend Xarlor, and again....I am very appreciative of the time and effort you took to post on my thread!





General Discussion · My filters "went missing"
sandjco
msg #150855
2/22/2020 1:36:24 AM

when it happened to me...i had a few SF tabs open. SF however is more than fantastic in helping out getting it back to normal!

Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #150852
modified
2/21/2020 11:10:22 PM

May 335P SPY using $9.60 EOD price


My ROKU C will be held till expiry or will close worthless. Chalk it up to impatience and trading on earnings,

Just thankful NVDA, PAYC, TNDM, SPCE et al more than covered for the cray cray bonehead play.

Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #150832
2/20/2020 11:27:31 AM

All cash except for ENPH calls.

Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #150827
2/19/2020 2:25:23 PM

Urghhh….to ride the gravy train longer or to get off.....

Picked up ENPH Mar 55C for $4


Released earnings and guided up. Im guessing IV on this puppy must be high...let's see what happens.

Picked up PLUG Jan 5.50C for $1.30 no news...


Will probably selloff 3/4 of positions on NVDA and VEEV EOD. Will close out PAYC for over 100%

Stock Picks and Trading · Basic Newb question
sandjco
msg #150825
2/19/2020 12:45:19 PM

I try to avoid placing any orders during the first 15 minutes. "Try" is the key word.

Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #150816
2/18/2020 4:04:56 PM

Thank you Village Elder! sold 3/4 of the position at $2.40 for 50% before commissions. I'd say t'was a good day today!

Picked up TGT Mar 120C for $3.40...will the Guppies hold or will the Corona virus hit? WMT earnings today? uh oh...didn't think about that....but analysis paralysis so...


PAYC has ramped up; sold 3/4 of the position for 60%+.


Picked up NVDA Jun 340 to see if there is a follow thru...so far, so good...


Picked up VEEV Mar 160 to see if there will be a follow thru..so far, so good...


Did not add to ROKU. Will wait this bad boy out...


Interestingly AAPL warned it would not meet...and it barely moved...wanted to go short but...hmmm.






Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #150813
2/18/2020 1:29:05 PM

SPCE short using Feb 28th 25P for $1.65



As per Village Elders' short system. Could not short at "open"; using puts to play.

Filter Exchange · Want to make money in the market? Keep it simple.
sandjco
msg #150809
2/17/2020 8:16:49 AM

JV...thanks for sharing! I look forward to playing around with it to try to whittle down the prospects.

Here is a I've been playing around....
Fetcher[
/*TRO and CEGIS*/
set{a2, count(ROC(5,1) > 0,1)}
set{a3, count(ROC(21,1) > 0,1)}
set{a4, count(ROC(252,1) > 0,1)}

set{b2, a2 * 100}
set{b3, a3 * 10}
set{c2, b2 + b3}
set{trend, c2 + a4}

add column trend
]



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