The Rokslide Stock Traders Thread

[Thunderer]

100% Bull Trap today.

Got stuck in a meeting and didn't get a chance to set stops. Looks like I'll be holding NAKD, AIM, and TMBR for awhile.

 

[Brozonelayer]

Bought XOM at $46 to lower my average cost a bit


Sent from my iPhone using Tapatalk

 

[DenverCountryBoy]

Sold QQQ at 242 this morning. Back in at 235.


Great advice. I have a hard time thinking of a single position I have ever sold for a loss, where I wouldn't have made considerable gains by holding tight. Easy to preach, not easy to practice, but it's the truth..

GM in 2009.

I will forever be a Ford guy because they didn't screw me over.

 

[Sbarrera185]

100% Bull Trap today.

Got stuck in a meeting and didn't get a chance to set stops. Looks like I'll be holding NAKD, AIM, and TMBR for awhile.

Same I got called on a tow service into no reception area. Stuck with NAKD as well

Sent from my SM-N960U using Tapatalk

 

[Ajt5110]

I’ve been buying GUSH as it comes down. It came down a bit more this week so I loaded a couple more of it. Currently at the low $40’s recovery bear the $800~ range (low side). Has been a good investment so far, for me.

 

[pods8 (Rugged Stitching)]

I was just introduced to covered call selling, may be of interest to some. If its stocks you have or would otherwise want (at the current price) and plan to hold them regardless you can make some earnings on them short term at the potential of giving up some upside depending on what the investors think about the stock. Your loss exposure is no different than otherwise holding the stock, you're just limited on upside. Its in 100share lots, FYI.

Take MRO for example at current glance (market closed), share ask is 6.65, next friday 6.5 call bid is 0.36 If you were buy/writing a deal:

6.5 call buy/write would cost you $6.29 a share right now (they pay you .36 in options and you pay 6.65 at the same time), if the price stays over 6.5 and is called next friday they pay you the additional 6.5 and take your shares (which you can't sell while the option is active otherwise you're not covered and have unlimited exposure), you're maxed at 3.1% gain for 7 days. If the share price isn't called you pocket the $.36 (5.7%) when the option expires. After that the option expires and goes away and you have 100 shares you effectively paid $6.29 for to option again if you'd like, sell outright, etc. You're betting against optimism of short term movement in exchange for limited gains short term and some downside protection via lower dollar cost average, your max exposure is no different than buying the stock outright, your upside is temporarily limited.

That example wasn't as enticing to be honest once I ran through it but it was one I pulled up to make the example.

Here's one I actually did today: $14.67 a share in combo with selling a $15 strike in 2 weeks for a $1.02 payment, so effectively cost me $13.65/share. If it gets called in 2 weeks and I get paid $15 more then its 9.2% gain (16.02/14.67). If the price doesn't move for 2 weeks I keep my shares and also the $1.02 (6.9% of 14.67) in exchange to limiting my gain to 9.2% and have 100 shares with a cost average of 13.65 (downside protection). It is doubtful share price and options are exactly the same in 2 weeks but for simplicity lets assume they are and I take the same deal. Now my total potential gain if called is 16.1% (17.04/14.67) but if its again not called I keep the $1.02 (7.4% of the 13.65 first average down) and my new average cost is effectively $12.63 on the current share price (which was assumed to still be $14.67 for simplicity).

Anyways something to think about to add to your strategizing on some of the less volatile stocks (or if you want to walk away from the day trades).

 

[HuntHarder]

Well shit! My first big mistake during this stock market mayhem. My stop loss on UAL was set at 37.50 to protect some profits. I was working out of internet reception the whole day the market tanked and my stop loss finally triggered at 32.70. It is almost over $40.00 today, which means I essentially lost 5k.... Damn it. haha. I still took a decent profit on it, but would have loved to have sold it around 37 and bought back in around 30$.

 

[Brozonelayer]

Well shit! My first big mistake during this stock market mayhem. My stop loss on UAL was set at 37.50 to protect some profits. I was working out of internet reception the whole day the market tanked and my stop loss finally triggered at 32.70. It is almost over $40.00 today, which means I essentially lost 5k.... Damn it. haha. I still took a decent profit on it, but would have loved to have sold it around 37 and bought back in around 30$.

Does that mean you have to have internet reception for your stop losses to work?


Sent from my iPhone using Tapatalk

 

[EastMT]

Well I burned a lot of powder today after the drop. CLSK, SOLO, AIM heading the right direction fatter buys at the lows today. These aren’t planned large gains, 10-25%.

TNXP bought a little high, I’ll get out of that one even on a bump if I can.

YVR was up 17% at one point today, was under my sell limit and I missed it, have to wait for the next bump.

CJJD keeps getting volume pumps then dies off right about the time I start eyeing the sell button.

VSTM has double bottomed at 1.69, double topped at 1.72, so it’s got to break one direction or the other. It gapped down from $4 so hoping to get a run above $2 here one of these days. If it doesn’t do something soon I’ll cash out at a bump.

This week I crossed my all time high in the day trade fund, doubled my fund. After a few more gains I plan on pulling the original amount and putting in the IRA, so now I’m really only playing with fun money. I’ve got quite a few swing trades in play this week, so ready for Monday. 26% gain on the entire RH account this week, pretty happy with the rough conditions.

 

[HuntHarder]

Does that mean you have to have internet reception for your stop losses to work?


Sent from my iPhone using Tapatalk

No, orders have to be 100 or larger to trigger it. Had I had internet, I would have manually triggered it earlier or just cancelled it if it fell really fast.

 

[HuntHarder]

Well I burned a lot of powder today after the drop. CLSK, SOLO, AIM heading the right direction fatter buys at the lows today. These aren’t planned large gains, 10-25%.

TNXP bought a little high, I’ll get out of that one even on a bump if I can.

YVR was up 17% at one point today, was under my sell limit and I missed it, have to wait for the next bump.

CJJD keeps getting volume pumps then dies off right about the time I start eyeing the sell button.

VSTM has double bottomed at 1.69, double topped at 1.72, so it’s got to break one direction or the other. It gapped down from $4 so hoping to get a run above $2 here one of these days. If it doesn’t do something soon I’ll cash out at a bump.

This week I crossed my all time high in the day trade fund, doubled my fund. After a few more gains I plan on pulling the original amount and putting in the IRA, so now I’m really only playing with fun money. I’ve got quite a few swing trades in play this week, so ready for Monday. 26% gain on the entire RH account this week, pretty happy with the rough conditions.

Early this week I eclipsed the "double my money point." I thought real hard about pulling out my initial 50k, but decided to only sell a couple of stocks. Hindsight, I should have. haha

 

[007hunter]

I was just introduced to covered call selling, may be of interest to some. If its stocks you have or would otherwise want (at the current price) and plan to hold them regardless you can make some earnings on them short term at the potential of giving up some upside depending on what the investors think about the stock. Your loss exposure is no different than otherwise holding the stock, you're just limited on upside. Its in 100share lots, FYI.

Take MRO for example at current glance (market closed), share ask is 6.65, next friday 6.5 call bid is 0.36 If you were buy/writing a deal:

6.5 call buy/write would cost you $6.29 a share right now (they pay you .36 in options and you pay 6.65 at the same time), if the price stays over 6.5 and is called next friday they pay you the additional 6.5 and take your shares (which you can't sell while the option is active otherwise you're not covered and have unlimited exposure), you're maxed at 3.1% gain for 7 days. If the share price isn't called you pocket the $.36 (5.7%) when the option expires. After that the option expires and goes away and you have 100 shares you effectively paid $6.29 for to option again if you'd like, sell outright, etc. You're betting against optimism of short term movement in exchange for limited gains short term and some downside protection via lower dollar cost average, your max exposure is no different than buying the stock outright, your upside is temporarily limited.

That example wasn't as enticing to be honest once I ran through it but it was one I pulled up to make the example.

Here's one I actually did today: $14.67 a share in combo with selling a $15 strike in 2 weeks for a $1.02 payment, so effectively cost me $13.65/share. If it gets called in 2 weeks and I get paid $15 more then its 9.2% gain (16.02/14.67). If the price doesn't move for 2 weeks I keep my shares and also the $1.02 (6.9% of 14.67) in exchange to limiting my gain to 9.2% and have 100 shares with a cost average of 13.65 (downside protection). It is doubtful share price and options are exactly the same in 2 weeks but for simplicity lets assume they are and I take the same deal. Now my total potential gain if called is 16.1% (17.04/14.67) but if its again not called I keep the $1.02 (7.4% of the 13.65 first average down) and my new average cost is effectively $12.63 on the current share price (which was assumed to still be $14.67 for simplicity).

Anyways something to think about to add to your strategizing on some of the less volatile stocks (or if you want to walk away from the day trades).

I had covered calls on AMD expiring today and bc of it I couldn’t lock in the big move earlier this week. Essentially I’ll be gaining only a 1/3 of what I potentially could have. So there is a downside to it as it limits your upside. Mine also expired just barely ITM. That last end of day push got them over. Arrrgghh

 

[pods8 (Rugged Stitching)]

I had covered calls on AMD expiring today and bc of it I couldn’t lock in the big move earlier this week. Essentially I’ll be gaining only a 1/3 of what I potentially could have. So there is a downside to it as it limits your upside. Mine also expired just barely ITM. That last end of day push got them over. Arrrgghh

Tired to make it very clear that was the trade off. But in my actual example for those dollars I am content to get paid the percentage today and the max in 2 weeks listed, if I miss more on that specific money I am okay. I have a tendancy to lock some in prematurely anyways if being honest.

 

[Broomd]

My ACY was up 37% Friday and I wanted to sell but I was trolling for Kokanee... Saw it on my phone but I'm not set up for mobile trading and I hesitate to set up for that.

LIke anything in life sometimes 'less is more.'

 

[Elk97]

Looks like there are a lot of young, inexperienced people here. Thought this might be a good heads up for those that haven't been through "interesting" times in the markets before.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[EastMT]

Looks like there are a lot of young, inexperienced people here. Thought this might be a good heads up for those that haven't been through "interesting" times in the markets before.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

That’s a real threat using options and margin. It very important to not to go all in on one stock. I’ve put my entire penny fund on one before, but would never put entire portfolio on a trade. Don’t be too heavy in oil, tech, pharm, REIT etc. split it up, if one position crashes and you have 20 positions it’s only 5% max loss. I’m a bit heavy in pharm right now, I’ll probably even that out a bit this week.

I would never borrow money to go to a casino, and in my opinion the stock market is one big casino. Similar to poker, if you educate yourself your odds are better, but the house always wins

 

[Camel titties]

Early this week I eclipsed the "double my money point." I thought real hard about pulling out my initial 50k, but decided to only sell a couple of stocks. Hindsight, I should have. haha

hindsight is always 20/20 that’s the tough deal with the market

 

[EastMT]

XOG is expected to file bankruptcy this week if anyone is in that, may want to check it out, consider an exit.

 

[Shootinsurveyor]

What do you guys think of the GNUS launch tomorrow?

 

[EastMT]

This one has a history of either rocketing at open or crashing starting about 8am. Depends if the premarket pumps it up a bunch, could be a large sell off with a day trade possible, or as retail RH trades come online it could shoot up. Play it by ear, but I’m not jumping in if it’s already way up, get stuck for awhile if it falls too fast