- Aug 24, 2012
- 414
- 83
@JohnnyRedStorm I see you trade options. Do you use any tape reading/L2 or just TA?
OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER
- Thread in 'General' Thread starter Started by johnnyredstorm,
- Start date
- Apr 4, 2008
- 75,045
- 24,443
TA and order flow for any unusual activity or something that's actionable I day traded some BP calls this week after I saw an order come in for Feb 40s that matched up with my analysis. Took them off to early but so be it.
- Aug 24, 2012
- 414
- 83
You have any articles/videos regarding the emotion/psychological side of trading? That's the one area where I'm having a battle with to take my trading to the next level.
- Apr 4, 2008
- 75,045
- 24,443
I haven't read this but I've heard good things
https://atoast2trading.files.wordpr...psychologist-brett-steenbarger-_2009_-a23.pdf
Wiz I think has a list of books on psychology
I had that same issue honestly and what got me past it was decreasing my size and having a set risk. Have your stop and pick a dollar amount you're comfortable losing and just let things work until the stock breaks trend or you get stopped out. I like to risk 100 bucks to make at least 2 or 3 times that potentially.
It's tough honestly but being machine like is the key to taking things to the next level. Find your niche, define your risk and raise/lower your stops as the trade works.
https://atoast2trading.files.wordpr...psychologist-brett-steenbarger-_2009_-a23.pdf
Wiz I think has a list of books on psychology
I had that same issue honestly and what got me past it was decreasing my size and having a set risk. Have your stop and pick a dollar amount you're comfortable losing and just let things work until the stock breaks trend or you get stopped out. I like to risk 100 bucks to make at least 2 or 3 times that potentially.
It's tough honestly but being machine like is the key to taking things to the next level. Find your niche, define your risk and raise/lower your stops as the trade works.
Last edited:
- May 14, 2001
- 1,784
- 355
I would recommend Trading In The Zone first and foremost. Then maybe Beyond Fear and Greed. I have a few more to list at the office, maybe sometime this weekend or Monday
- Apr 4, 2008
- 75,045
- 24,443
This Hololens could be huge for MSFT
http://www.cnet.com/news/microsoft-...-works-and-why-its-different/#ftag=YHF65cbda0
They've spent the most amount of money on r&d in the country.
View media item 1368946
View media item 1368945
Better use of that capital than buy back's.
View media item 1368944
http://www.cnet.com/news/microsoft-...-works-and-why-its-different/#ftag=YHF65cbda0
They've spent the most amount of money on r&d in the country.
View media item 1368946
View media item 1368945
Better use of that capital than buy back's.
View media item 1368944
Last edited:
- Apr 30, 2011
- 10,915
- 2,735
- Apr 4, 2008
- 75,045
- 24,443
Interesting chart that could be indicative of MSFT's miss
View media item 1371391
I'll be looking to play AAPL and maybe EA for earnings tomorrow.
View media item 1371391
I'll be looking to play AAPL and maybe EA for earnings tomorrow.
Last edited:
- Apr 4, 2008
- 75,045
- 24,443
Got long MSFT counter trend, let's see if it works. 5 lot of April 47 calls for .28. Who knows. Left room to add another 5 lot at .10.
they priced out a 114-118 call spread in AAPL for 1.29 per 1 lot. I'm prob not taking it.
they priced out a 114-118 call spread in AAPL for 1.29 per 1 lot. I'm prob not taking it.
Last edited:
- Apr 30, 2011
- 10,915
- 2,735
Not again :x
- Oct 19, 2012
- 1,540
- 2,485
I guess the gas prices have gone low enough. A few energy stocks were trending higher today.
Including one of my short positions.
Including one of my short positions.
- Apr 4, 2008
- 75,045
- 24,443
one of the earning plays from the kotm room that i got an offer out for a risk reversal expiring this week in FB selling the 79 put, buying the 77 put and buying the 80 call for a .05 debit. risk is 2.05 per 1 lot. trying to get 1. don't wanna cap my upside doing a standard debit spread just since FB could be a runner. will see if i get filled or need to change strategies.
i'll post the other trade later on when they price it out.
can't get filled so I'm gonna do something else later
big buyer of SPLS Jan 2016 $22 calls for .75. could be someone speculating an eventual merger. no position for me.
i'll post the other trade later on when they price it out.
can't get filled so I'm gonna do something else later
big buyer of SPLS Jan 2016 $22 calls for .75. could be someone speculating an eventual merger. no position for me.
Last edited:
- Oct 10, 2005
- 21,613
- 12,485
- Apr 4, 2008
- 75,045
- 24,443
i honestly wanted to do a risk reversal long but couldn't get anything decent. the 114-118 call spread they did in the kotm room was good for at least a double but i didn't take it. should've just taken the big dog long sold what 75 million iPhones, beastly. no clue how this watch will do i mean whats the point of it really 
- Oct 10, 2005
- 21,613
- 12,485
should've just taken the big dog long sold what 75 million iPhones, beastly. no clue how this watch will do i mean whats the point of it really
I knew their sales would be strong, but I wasn't expecting that. I still think their numbers are questionable though
.Man, that watch is purely there just to compete with Samsung's watch. AAPL has no innovation left and it surprises me that they haven't slowed down much.
bravelude
Banned
- Dec 29, 2013
- 7,573
- 1,115
no one really cares about their earnings anyway. LOL
- Apr 4, 2008
- 75,045
- 24,443
got filled on a risk reversal for FB sold the 79 put, bought the 77 put, bought the 82 call all expiring this week for .20 credit. 2 lot. max risk is 1.80 per 1 lot.
took those ewg calls off for scratch so basically using that money i was willing to risk there as my risk for this fb play.
took those ewg calls off for scratch so basically using that money i was willing to risk there as my risk for this fb play.
Last edited:
- Apr 4, 2008
- 75,045
- 24,443
i put this **** on too quickly ****
- Apr 30, 2011
- 10,915
- 2,735
Wow what a reversal
USO still tanking too
USO still tanking too
- Apr 4, 2008
- 75,045
- 24,443
i grabbed another 1 lot for .40 credit. let's see what happens. can tolerate the risk if i'm wrong, but man, idk if fb breaks out here i wanna be in it.
they did a 103-105 call spread in BABA for .50 per 1 lot expiring this week. i took a 3 lot here. had some BAC puts i was flat on that I took off to fund this trade. i always try and shuffle risk somewhat if i have something on that i can take off for scratch if i don't like the idea anymore or am bored of it.
the other FB play 80-82 call spread for .56 per 1 lot. expiring this week.
/ES broke below value for the month could see 1981.25 (top of value for the year, this doesn't hold adios)
SPY breaks 199.52 187.16 is possible
FB, I need over 79 to be at breakeven/keep the credit from the put spread sold. under it, it's a full loser and i need to buy the spread back at full value. hopefully by friday this recovers.
they did a 103-105 call spread in BABA for .50 per 1 lot expiring this week. i took a 3 lot here. had some BAC puts i was flat on that I took off to fund this trade. i always try and shuffle risk somewhat if i have something on that i can take off for scratch if i don't like the idea anymore or am bored of it.
the other FB play 80-82 call spread for .56 per 1 lot. expiring this week.
/ES broke below value for the month could see 1981.25 (top of value for the year, this doesn't hold adios)
SPY breaks 199.52 187.16 is possible
FB, I need over 79 to be at breakeven/keep the credit from the put spread sold. under it, it's a full loser and i need to buy the spread back at full value. hopefully by friday this recovers.
Last edited:
- Apr 4, 2008
- 75,045
- 24,443
My SLV calls could be had for a dime. Andy was right about those smackdowns I nibbled lil more on some calls. Holding 15 total no at a .209 average
Did a risk reversal in GLD for March. Sold the 125 put, bought the 120, bought the 123 call for a .25 credit. Risking 4.75 per 1 lot on this trade. Only doing 1. Little more than I like to risk usually but I like the idea.
Bought some CCJ Feb 13 puts for .35. lil uoa. chart looks beat. see how it goes.
punted those CCJ puts. didn't dance not gonna hold them.
took a risk reversal in MA for this week. sold the 83 put, bought the 82 put, bought the 84 call for .02 credit. risk is .98 per 1 lot. did 2 for earnings.
been some steam last 10 minutes of the day in ADT. paper buying april 43 calls for .25-.30. didn't take any, may do something tomorrow. out of bullets for the day.
I nibbled lil more on some calls. Holding 15 total no at a .209 averageDid a risk reversal in GLD for March. Sold the 125 put, bought the 120, bought the 123 call for a .25 credit. Risking 4.75 per 1 lot on this trade. Only doing 1. Little more than I like to risk usually but I like the idea.
Bought some CCJ Feb 13 puts for .35. lil uoa. chart looks beat. see how it goes.
punted those CCJ puts. didn't dance not gonna hold them.
took a risk reversal in MA for this week. sold the 83 put, bought the 82 put, bought the 84 call for .02 credit. risk is .98 per 1 lot. did 2 for earnings.
been some steam last 10 minutes of the day in ADT. paper buying april 43 calls for .25-.30. didn't take any, may do something tomorrow. out of bullets for the day.
Last edited:
- Apr 30, 2011
- 10,915
- 2,735
I really don't understand those "smackdowns" but it's crazy that it seems like it's a real thing
- Sep 15, 2012
- 955
- 329
anybody hopping on SHAK tomorrow?
- Apr 4, 2008
- 75,045
- 24,443
50 bucks for a burger company? i'm good b.
bought back my FB put spread earlier for 1.65, didn't wanna risk it going to full value just to gamble on a reversal so i took the loss. so be it.
i had some CBI lotto puts march 25s i bought for a dime, took those off here at .50. really nice trade that worked out well. good to have offers out there. was just advertising and they lifted me. papers been coming after puts in this one today across multiple lines.
i bought back the short put in MA for 100 loss (was risking 200 initially on the trade) earlier so now i'm long a worthless strangle. i need a 2 dollar move in either direction to be profitable on whats left. gonna need to manage the put most likely since its getting in the money now even though its below my avg. looking in hindsight, i should've taken the whole spread off.
added another 5 lot of SLV calls at a dime. holding 20 now. i'll add 10 more at .05 but other than that, i'm full size for the most part.
bought back my FB put spread earlier for 1.65, didn't wanna risk it going to full value just to gamble on a reversal so i took the loss. so be it.
i had some CBI lotto puts march 25s i bought for a dime, took those off here at .50. really nice trade that worked out well. good to have offers out there. was just advertising and they lifted me. papers been coming after puts in this one today across multiple lines.
i bought back the short put in MA for 100 loss (was risking 200 initially on the trade) earlier so now i'm long a worthless strangle. i need a 2 dollar move in either direction to be profitable on whats left. gonna need to manage the put most likely since its getting in the money now even though its below my avg. looking in hindsight, i should've taken the whole spread off.
added another 5 lot of SLV calls at a dime. holding 20 now. i'll add 10 more at .05 but other than that, i'm full size for the most part.
Last edited:
- May 19, 2005
- 4,122
- 640
those precious smackdowns are over
