/biz/ - Business & Finance

[Anonymous No.18132703]

>$777.69
Cashed out all positions, no margin used, just a few right calls at the right time.

[Anonymous No.18132782]

>>18132703
B2R!

[Anonymous No.18132801]

>>18132703
teach us your secrets

[Anonymous No.18132829]

>>18132703
Well done fren keep building.

[Anonymous No.18132839]

cheers my good sir!

EDIT: ohhhh heck yes! thx for the gold! made my day XP

[Anonymous No.18132968]

>>18132801
Like my thought process? I bought XOM and RDS on the oil dip, converted to MGM and CCL and caught that bounce. Swapped to KO for safe haven play mid-week and finished with NFLX. Every single trade was a winning move predicting where demand was going to be, no secret just required some thought before execution. Goal was 5% a day.

>>18132829
Thanks fren

[Anonymous No.18133204]

>>18132968
Nice played.

[Anonymous No.18133396]

>>18132703
This is what the corporate bond shorting ETF I bought in Feb looks like.

Problem is I held some of my oil and international ETFs, so the overall graph still looks like shit. I trippled my hedge but my main investments tanked so it basically stayed flat.

I sold my S&P500 ETFs in November to hoard cash for a crash though, so overall I'm up. Put $2,000 back in two days ago, going to wait for a bigger drop to do more. Got $17k total.

Made a quick 49% on penny stocks but I only risked about $150, so not shit.

[Anonymous No.18133662]

Can someone clarify what "Sell to close" option means exactly. Are you selling the options life span to someone else? For example, if I bought a 7 day call option of a stock at $150. The stock goes to $160 the next day and I sell to close. Is it sold to someone else as a 6 day call option at $150 until it ends its life?

[Anonymous No.18133923]

>>18133662
A call is a right to buy 100 shares per contract, a put is a right to sell 100 shares per contract. If you sell to someone with 6 days to expiration they gain the right to buy those shares at that price in 6 days. If it goes below 150 per share the option expires worthless.

[Anonymous No.18133985]

>>18133396
I have 20k liquid, 15k crypto. I like trading in smaller amounts since it’s easier to disconnect emotions.

[Anonymous No.18134049]

>>18133204
Thanks, sometimes it just takes a good sense of timing. At the end of the day it’s mostly bots and algorithms trading, and if you can sense their underlying programming is driving their behaviors you can always be one step ahead. Pic related, I sold NFLX at 367.5.

[Anonymous No.18134150]

>>18132801
Like, ok here’s another example. I know Coronavirus is going to force people to be at home. What will people buy? Video games, Netflix subscriptions, etc. I predicted demand would eventually shift this way, and piled into the trade before others. Now that this second-level thinking has an article, the opportunity is gone, as it is now a first-level thought. See how you can’t be spoon fed? You have to develop your second-layer thinking. Think about your thoughts.

[Anonymous No.18134171]

>>18133923
Ok. So if there's a huge difference between my strike price and the current value of the stock, can it be difficult to sell and close my position? Like if my strike is $150 and the stock is now $200, what would make someone buy my option that is about to expire?

[Anonymous No.18134248]

Just dont ask to look at my overall lol

[Anonymous No.18134305]

>>18134171
because he can exercise that option, buy the stock at $150 and sell for $200 right away for profit less the margin he pays you

e.g. if he pays you $35 premium for every stock, he earns $200 - $150 - $35 = $15 per stock, $1500 per contract so it is worth it, you get $35 less whatever premium you paid for the option

[Anonymous No.18134318]

>>18134171
No, again it just gives you a right to exercise the option. If you don’t have cash on hand to purchase the shares then the option still expires worthless unless you sell it to another trader. Thus you would have to either sell the option before expiration or buy the equity upon expiration. Options are like stock insurance and should be treated as such, it also helps enter positions over a longer period if you don’t have immediate cash on hand to purchase.

[Anonymous No.18134328]

>>18134150
shhhhiiieeet now that's a genius whiteboy

jokes aside, nice play, though timing is also an important side.

If I knew about options/TVIX back in Feb I would've bought them instead of a 3x leveraged ETF. Corona is easy money, most people are stupid af and "priced in" is a joke

[Anonymous No.18134366]

>>18132968
What was the logic to go from oil to MGM and CCL?

[Anonymous No.18134368]

>>18134248
Post it anon, don’t mislead these young niggas. Tell the whole story.

[Anonymous No.18134381]

>>18134328
Be careful of holding things like TVIX due to what’s known as Contango. It will reverse split to 0 over the long run and should only be used for short term hedges. Max holding period of one week.

[Anonymous No.18134407]

>>18134368
Sheeit man, you really think I should?

[Anonymous No.18134424]

>>18134305
Ok, but what about if the day to expiration is farther out. Lets say its still 2 weeks to expiration with the same prices. Especially in the current market with wild swings. Would there still be people willing to buy in that situation?

[Anonymous No.18134434]

>>18133985
Yup, it's more a time occupier for me. Don't want to risk too much.

The National Guard is setting up giant tents in the park near my house, not sure what for, so I guess I'm staying in and eating rice and beans for awhile.

I can telework, but information flow is so disrupted that it's only like 4 hours of work a day.

[Anonymous No.18134441]

this will outperform you

[Anonymous No.18134507]

When you completely go all in balls deep in one stock, but some how don't lose faith in the company and average down along the way

[Anonymous No.18134547]

>>18134507
does that mean you lost $21k total or youre down to $17k from $21k?

[Anonymous No.18134575]

>>18132703
youre paying rent r-right?

[Anonymous No.18134599]

>>18132703
I've made $22k from $6k from shorting the corn at 10k. Get on my level, fag.

[Anonymous No.18134635]

>>18134547
I'm down $21k right now. Last week I was down over 32k

[Anonymous No.18134694]

>>18134635
oof sorry to hear that. take some cash and get a high class hooker to relax and be fresh for Monday

[Anonymous No.18134700]

>>18134441
I don’t care about your no-name shitcoin that will go to 0 in the long-run

>>18134366
To be honest it was gut instinct combined with catching their relief rally. It was my shortest hold of the week, I bought and sold within a day and made around 10%.

>>18134575
Moved back into my parents in February, and have no rent for the foreseeable future.

>>18134599
I made 600k in crypto in 2017, and lost 95% of it by holding. I was making that amount per day, in the final run-up before the collapse.

[Anonymous No.18134756]

>>18134694
Cant (well shouldn't), I'm in the military and basically on a lockdown in the barracks

[Anonymous No.18134785]

>>18134700
Based. You seem to have a good grasp of what moves market sectors before the herds. Keep it up

[Anonymous No.18134802]

>>18134381
thanks anon, TVIX though did very well during the -30% run, well, till it got to 1k and popped

[Anonymous No.18134904]

Weed stocks

ACB
CTST

Wait for oil to dip a bit more

XOM
BP

Finance and Insurance

PUK
PRL

Travel

RCL
DAL

Crypto

Ether
ChainLink

You welcome fagg-o's buy in red

[Anonymous No.18135005]

>>18132829
>5.8mil sticker price

That is batshit. What moron would pay that much???

... fuck I want one. ;_;

[Anonymous No.18135022]

>>18134904
You can't just throw random tickers without giving at least a reasoning, even for one of them you utter faggot

[Anonymous No.18135047]

>>18134904

Oh how could I forget

Real Estate

BRK.B

[Anonymous No.18135073]

>>18135022
Stay poor, fag bag

[Anonymous No.18135088]

>>18134424
time decay reduces the premium on the option, the longer the time remaining the higher the potential gain/loss

so you would get a higher premium with the option with 2 weeks expiration assuming the trend is in the money, it really depends on what the other party is willing to pay

[Anonymous No.18135099]

>>18135022
Okay I'll bite

Exxon Mobile exec put $1 million into XOM at $32

Follow the money Fag Lord

[Anonymous No.18135125]

>>18134700
>I made 600k in crypto in 2017, and lost 95% of it by holding. I was making that amount per day, in the final run-up before the collapse.

Fuuug, that must feel like shit. That's why I'll make sure to hold tether/cash out after every successful trade at all costs. Especially after longing a bull-trend.

[Anonymous No.18135257]

Let's call this my "remote work" portfolio--Zoom, RingCentral, Slack etc...bought in around the big dip a couple weeks ago and I plan going long as I predict the business tech landscape to shift in their favor

I've holding some big calls on LOGM 4/17 $90....if it works out I'll be swimming in coke and pussy, like really

[Anonymous No.18135499]

That was a week or two ago. Not much has changed.

[Anonymous No.18135555]

>>18135499
hm margin? i assume you know your shit? do you recommend using margin?

[Anonymous No.18135594]

>>18134904
For weekend hold?

[Anonymous No.18135624]

>>18134150
>Think about your thoughts.

[Anonymous No.18135633]

>>18132703
That’s baby shit

[Anonymous No.18135645]

>>18135624
it's the only way to become sentient, otherwise you're ruled by impulse

[Anonymous No.18135654]

>>18134635
it will be back up in 2-3 months

[Anonymous No.18135675]

>>18134507
kek
fucking SNSS fag
i know thats you

[Anonymous No.18135722]

kek
fucking amateurs

[Anonymous No.18135766]

>>18135654
Look up Ideanomics if you want to see what I'm 99.95% invested in. It has potential to be huuuge

[Anonymous No.18135840]

Based.

[Anonymous No.18136597]

>>18132703
>>18132968
>>18134049
>>18134150

I have never seen anyone so self-congratulatory over a few pathetic gains. Look at you generously sharing your vast wisdom with everyone. ‘Second-later thinking’ holy shit you are the lord of the midwits

[Anonymous No.18136652]

>>18134700

Oh my fucking god, and you had 600k but lost it all??? And you think you’re smart? Fuck me

[Anonymous No.18136692]

>>18136597
>>18136652
What’s your problem?

[Anonymous No.18136764]

>>18136692
hes a tranny in desperate need of DILATION

[Anonymous No.18136766]

>>18135840

teach me your ways goy

[Anonymous No.18136804]

>>18136652
>>18136597
I’m just trying to help those who don’t have 100k portfolios, $700 a week can help most people greatly and $2k portfolios might be all they have. Resilience and adaptability is more important than intelligence I think. Lots of intelligent people commit suicide after losses like that. I was also 25 years old then, and my pride caused me to not accept reality. Perhaps others can learn from my mistakes, I don’t hold myself in high regard and make lots of mistakes. I’ll always find a way to make it back, even if I fall to 0.

[Anonymous No.18136845]

>>18135005
Yeah I know id love a fleet of them.

[Anonymous No.18136871]

>>18135840
we got a real charles schwab ova here

[Anonymous No.18137582]

>>18135257
what app is this pls