Stock Picks and Trading · Snake's Options Journal
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svtsnakebitn msg #153749 |
8/26/2020 12:00:06 PM
Adding precious metal miners (GDX) to the watchlist. Silver is also getting close to a signal.
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Stock Picks and Trading · Snake's Options Journal
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svtsnakebitn msg #153747 |
8/26/2020 10:07:06 AM
IYR short is on my watchlist today. Will post if I take a position at close.
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Stock Picks and Trading · Snake's Options Journal
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svtsnakebitn msg #153733 |
8/25/2020 5:55:53 PM
No trade taken today
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Stock Picks and Trading · Snake's Options Journal
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svtsnakebitn msg #153728 |
8/25/2020 12:59:35 PM
Trade 1 is in the books.
24 more trades to go!
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Stock Picks and Trading · Snake's Options Journal
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svtsnakebitn msg #153727 |
8/25/2020 12:27:11 PM
I agree that I doubt I will have 25 winning trades in a row, but I am also sure that there will be a couple trades that pop at least 100% so if I am looking at the laws of averages I picked the 25% number. The the thing is that I am only deploying 50% of my account and if it goes against me I am averaging down the next day to try and make it back to either BE or squeak out a small gain.
Again - I am using pure profits, which $4K is money that I can live without. I just want to see if I trade weeklies following my signals if I can make it to $1M. I am sure that if this accumulates to six figures I will pay of some of my debts, but the ultimate goal is to hit $1M - would love to do it in 25 trades, but know there will be bumps along the road.
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Stock Picks and Trading · Snake's Options Journal
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svtsnakebitn msg #153723 |
8/25/2020 10:04:37 AM
I should've gone out another strike or 2. Those hit 75% and 100% respectively. Hard to predict based on all the IV that options have right now - crash high!
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Stock Picks and Trading · Snake's Options Journal
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svtsnakebitn msg #153722 |
8/25/2020 9:19:05 AM
sold right at the open for a 50% gain on 1/2 of the account which equates to my 25% gain. Up $1000.
Account at $5,000 now.
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Stock Picks and Trading · Snake's Options Journal
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svtsnakebitn msg #153721 |
8/25/2020 8:41:36 AM
Thanks for stopping by sandjco! I will try and get my charts in order and post up my charts for my picks.
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Stock Picks and Trading · Snake's Options Journal
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svtsnakebitn msg #153719 |
8/24/2020 4:50:55 PM
Alright I'm going to make a push to create my own options journal - sorry shillllihs for cluttering up your journal. I made a little over $4K on some futures longs I had since July. I'm going to try and expedite my journal to wealthy by trading options with this $4K. I am going to try and shoot for 25% gainers (if some calls make more than 25% then the more the merrier). I will buy all my plays EOD and average down the next day if they go against me. These will only be weekly plays!
If my math is correct I need 25 plays of 25% (compounded) to turn my $4K into $1M
To start off, I just picked 101 $25 XLF Calls 8/28 expiration 100 @ .20 and 1 @ .19 (thanks to whoever sold me this lone contract @ .19).
Follow me along this journey to either making some money or watching me blow my profits!
I will no be editing any post on this journal - what you see is what you get. I may post after hours, but should only be up to an hour after close with my position.
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Stock Picks and Trading · Shills Swing N Daily
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svtsnakebitn msg #153717 |
8/24/2020 4:12:50 PM
XLF snuck on my list at the last minute - picked up 100 $25 contracts for this Friday. Financials looking to make a run tomorrow.
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