/biz/ - Business & Finance

>>16514763
do your best!

the stock market is a very good teacher
the options market, especially the weekly options market, is a much worse teacher of lessons, it can leave many students confused and emotional.

the only other thing I can hope to say (and something I have said many times this year, but it always bears repeating) is in regards to
>>16514710
>the us economy SPY
please remember the separation between equity prices and economic activity (and I say this mostly for lurkers, etc.)
In the very longest timescales, indices tend to correlate to dollar-denominated aggregate economic activity. but as timescales shorten (lower Δt for nerds), the economic activity and the broad equity valuations can differ significantly. (ex. the market can go way down, for even months at a time, while the economy is still producing just as much, or vice-versa).
And especially especially especially for short time periods, changes in equity valuations (nerds can call it Δx or whatever) can diverge as much as you can imagine from actual economic performance.
so what you really mean is > market sentiment SPY
because if you're trading weekly options, you are trading market sentiment, not the actual true economy...

>>15785338
I wouldn't say they're lying
I think this IB then Schwab thing is hitting them a little sooner than they thought and they had to call their finance department and get some kind of number out within a couple hours. A number that they have no contractual obligation to uphold.
TD followed the Schwab pricing exactly; free trades for US and Canada, $0.65 for options.
From a glance over their fees and their recent statements, I doubt so so much that they can possibly make half of their revenues in fees and massively reduced options commissions

>>15785356
between Schwab and TDA (and probably vanguard and fidelity too, but I haven't used those), the analogy I'd use is that it's like choosing between a Mercedes and a BMW. They're all very very good. BUT certain trading styles can be very specific. If you're a pretty normal investor or trader, using any of these brokerages will be fine, and will offer you more flexibility, information, and convenience than has been available to any pedestrian investors before now in history.
You will be able to move money in, and buy your choice of thousands of the highest quality investment products ever offered to anyone ever, all instantly and with wonderful clarity.
If you have extremely specific needs you will have to figure it out on your own.

>>14680025
If you meet me on my yacht, the Fair Lady DOMSCUMM, I can give some kind of impromptu seminar. But basically any information I can share, I can tell you right here on /smg/ because of the magic of the internet.
you know, when I was your age, we had to place orders to the NYSE by telegram. You better hope the telegraph boy knew his morse code just right, because if he messed up even a single dot, you could be buying ASS instead of ASV.

I don't have time for writing a book because I spend all my time either spearfishing, hang-gliding, skiing, reading romance manga, and trading stocks. I'm a very busy man.

>>14680099
this is a lie
u are a doo-doo head
you must not have implemented the method correctly
I made money on SPY calls and I bought the same time you did

>>14637502
>You can watch a 10 minute video per day at 1.25x speed and learn little by little without wasting much time.
It's only a waste of time if you don't learn anything.
If you spend 10 minutes per day ignoring a video and hours 'practicing' trading, you probably aren't really learning anything.
Even though I made a video game analogy earlier, learning things in real life DOES NOT work like a video game progress bar. If you're watching stock and index prices and buying and selling things without any real knowledge of how a marketplace or financial instruments work, you really aren't learning anything. You can tell yourself you are, but that doesn't make it true. You NEED to have a real grasp of the basic concepts before you can even begin to learn anything else.
A lot of work goes into parsing all the information on the marketplace into simple numbers and graphics for you to look at. But do not let the simplicity of appearance of things like Tradingview or Robinhood lead you to believe that the information they are displaying to you is 'enough' or 'real'.


>But the useful knowledge you can get from reading a 300 page BOOK can in all cases be summarized on five pages.
'no'
If you have an aversion to books that's fine. Fortunately for you, you can learn a lot about stock markets in other formats than bound paper.

>>14266943
>dude are you that fucking dude that we all sent well wishes and said godspeed all the time on your last journey from us?
I don't think so. I never really left,
when are you talking about? recent or long ago?


>>14266958
If you don't care about losing the money, then just go with robinhood, learn what you can, make your smartest trades.
You'll probably lose your money if you get aggressive.

If you're really smart, you won't waste your own money making your own mistakes to learn from, you will LEARN FROM OTHER PEOPLE'S MISTAKES who have lost money.
It's really an important point, you can save thousands, tens of thousands, millions, just watching and thinking.

the market isn't there to give you money. As a marketplace it's just there so that people can agree between themselves to exchange things.
The easiest way to make money is to invest in companies that become more productive over time. That takes time though. If you're impatient, you're looking for a seat in the most ruthless casino in the world.

>>13532880
so 'coverage' refers to the writer (seller) of the options contract owning the underlying asset that the call is written on.
the opposite is a NAKED call (lewd), where you are selling calls on the asset without owning it

also just google it

>>13532893
just know where you will pull out. Let's say we have a really rough week and all the indices are down 10%. would you sell? how about 5%, or 15%?
it's about not taking a ride all the way down 20%+ losses

It doesn't have to be a single number, it can be a graduated thing where you start selling some shares now, some more if it goes lower, etc.
just don't wait, not have a plan, then panic sell at the bottom
remember you don't want to sell low, but you don't want to be dragged down either.

you just have to make a plan so that if the market gets fucky on you, you don't panic

>>13532896
are they gonna talk or are they gonna walk
bitch-ass chinks

>>13517009
man I want to visit japan real bad

I live in some dumb 1600sq foot house + basement + 2car garage

way too big for me
rather live in a smaller house

>>13517017
plus my big front yard takes like 1.5hours to mow
can't go all in on flowers, but that sounds nice
wanna move to the northern mountain states (IE Idaho)

MCK, CAH, ABC, NWL being absolute chads for me
MD came through in the clutch

tough market, but a rewarding one

>>13327544
>what position are we talking about?
I mean the overall day-to-day short/neutral/long overall position
I'm currently pretty much 100% long on my trade account. not leveraged, but not neutral or short.
I might move more towards 50% long throughout the week if we really get ahead of ourselves. That's just because I'm super cautious though, really I still see us cruising upwards (slowly) through the next couple weeks, ex-news surprises.
I've been buying into dips in bio and dudeweed, so I need some time for those to bottom out and recover before I sell. If market moves down too soon I'm less prepared than I would like

>>13172790
very nice !
remember: the most important gains we make are the friends we gained along the way

markets rising freely
SQQQ in collapse
this is it boys
this is the full bear capitulation
selling is dead (for now)

>>13012768
Just because VSTM is the meme of the day doesn't mean it matters to 'real' traders (I'm not 'real by any means').

some /smg/ memes matter some don't. VSTM doesn't matter as a /smg/ memestock in the long run.

>>13012740
u did your best

>>13012791
too late IMO
They are priced intou dominating aerospace along with airbus
no or little space-tech = no upside IMO
I think all the upside is sort of priced in
I guess if they somehow get CRUSHED and fall to 330 ex-market I buy
otherwise, don't focus too much on the meme of the day, look for opportunities elsewhere

I could write a whole post (at least) on this topic:
the more that a stock is in the spotlight, the more is priced in by every actor, the less opportunity for small traders (us) to make profits.
You don't want to be the sucker trying to find alpha in the news stories. You won't be the most informed. You should be looking in the shadows, in the edges of the market. Hope it makes sense.