If they expire worthless. Etc.. I've been on both sides of buying and selling and both sides lose lol. The winners are the market makers who don't give a shit and are buying and selling at the same time
Options are inherently designed to have a 50% chance to win/lose
Or something like that, the math gets complicated
The EV is even I believe
Market opens in 5 and futures are cranking
Anyways dude options are re tarded as fuck
Absolutely.
1 Like
Yes. They're just gambling with better odds. Or worse, depends on how you look at it. Lol.
Yea I guess worse.
absolutely
It's funny because China released this news briefing of keep calm and stay rational and etc and the market rallied and people were crying who bought puts. Some people got stopped out and others sold out in panic then China announces lol jk, and releases 100% tarrifs on the USA HAHAHA
I am gonna stay short and I'm never gonna go long I'm just gonna keep looking for opportunities to buy back in short until people in leadership start sounding like they know wtf they're doing instead of Navarro in charge.
Bubble tea shop
Yea seriously. Fuck this admin. Fucking rigged market literally waving his hand to postpone tarrifs and market is like hur dur were up. There you go, my last bit of cash is gone now. I'm really fucking done. I'm not even mad anymore I'm just sick of everything and sick of life. Fucking god damn broken ass fucking system.
I think under normal market conditions I can trade fine but there's no logic or sense here. It's not normal. Like I suspected one wave of the hand and saying I changed my mind and the market can rebound violently. I don't know at this point. Up or down depends on what the president decides and he obviously shares that with insiders too so it's just a rigged market.
Refer to my earlier post complaining about the market being rigged and tell me this isn't clearly manipulation and easy profits for whoever is doing it lol.
I've evolved my strategy since I have started going hard in studying for school and preparing for interviews. I am no longer trading dailies. Ok, that's a lie, I literally just traded a daily today and lost 400 dollars, but what I meant to say is that I'm no longer putting in as much money into daily options as I was before, I am not looking for stocks and purchasing options which are more than 45 DTE which I expect to have near team growth.
This has netted me better success and I prefer this method because it is less stressful due to the larger time window to adjust my positions and reconsider my decisions, and also because I've actually been getting pretty good results.
I previously did very well purchasing BABA options when it was at 100, although I sold very early when it hit around 112 and proceeded to watch it break 140 within the window my options were still live, but anyway I think I've figured out a pretty reasonable pattern of combining news releases + actual price action and volume to recognize when news is just bullshit fluff pieces to pump versus substantial signals.
My take so far:
-
Stay away from companies with a market cap below 100 million. These are very volatile and not in the way that benefits you. The temptation to buy a company at 30 million which will explode to 3 billion is tempting but the failure rate for these companies and the churn that happens in how they abuse stock issuance will fuck you over and it's not worth it.
-
TradingView is a great platform (On desktop, because the mobile app is trash and tries to make you pay to use the basic features which are free on the desktop version of their website), to screen stocks. I like to create a filter which looks for abnormal volume to start a flag, then I go through the list to analyze each company and what it does, what the earnings were, their news releases, and determining if I think it's an uptrend of a nothing burger. The value here is that I'm able to find targets to investigate, it doesn't tell me what's good, that's still based on my own analysis but at least it gives me a good starting point and a lot of information to supplement that starting point rather than like a list of tickers, they also give you things like the PE/EPS/earnings growth, 1/5/10 year performance, etc...
-
Semi conductor / AI related companies /stock are like basically the equivalent of buying any stock in 2010 and having it go up.
tl;dr buy any stock with a marketcap > 200-300 million in the AI related sectors and diversity yo bonds nigggaa and the performance should be great at least for the next couple of months till the next flavor of the week drops.
Best performers so far:
QBTS - purchased this when Sabine H made a video talking about how China cracked RSA with D-wave tech: https://www.youtube.com/watch?v=RJ16miAsnZw
This was a case of buy the rumor and sell the news here, I intended to only hold for a short period when it was ~$10 and saw it rocket up to $17 so I closed out, and made around 400% on my options.
NVTS - Navitas semiconductor, I purchased this stock about a year ago and saw it tank almost 50% and recently saw it spike in volume and price so I decided to double my position before it hits breakevern for me, and also buy some options, now currently up about 150%.
I'm not interested in touching commodities anymore until I build a trading bot to do it. Despite me saying that, I will still probably do it because I've done so well in the past w/ trading commodities but I am just salty that the last few recent trades I did have bombed and basically cost me almost 50% of my portfolio essentially negating all of the gains I got from the previous trades.
I'm extremely drunk and high right now writing this post so I don't fucking care what yall think. My depression has reached new levels after I have seen with my own eyes how competitive the job market is right now, I am applying to intro ML jobs with former senior data scientists and lead engineers from companies like meta in the same pool who were laid off and complaining about how they can't get hired and I feel like this shit is hopeless HAHAHA. Recruiters/job postings have opened with 'we know it's a tough job market so pucker up.' so I feel like this is very reminiscent of when I graduated college in 2010 to a terrible market, except thankfully now I do have some savings so I don't have to worry about being homeless and contemplating sucking dicks to pay rent like before. Whew.
This strategy is now the main strategy until it stops working at which point we will repeat the cycle of depression and psychosis.
The best case scenario is that not only do we make back the money that has been lost but we make even more but I also recognize I'm delusional so take my assessment of the feasibility in accomplishing that task with a grain of salt.
1 Like
Ive evolved my strategy too. I am simply waiting for chillhouse to drop below 1 million market cap.
3 Likes