| StockFetcher Forums · Stock Picks and Trading · Intraday Alerts | << 1 ... 1671 1672 1673 1674 1675 ... 1903 >>Post Follow-up |
| pthomas215 1,251 posts msg #136211 - Ignore pthomas215 |
6/6/2017 9:57:18 AM exactly. it would impress george jetson and Elroy. I may be dating myself here. I believe it is time for natural gas. Looking to get in UGAZ @14.50 on a dip during today's session. |
| gmg733 788 posts msg #136214 - Ignore gmg733 |
6/6/2017 12:09:01 PM Elon business model is predicated on tax breaks from the government. Elon just pulled off Trump advisory council due to the Paris agreement. What happens to the tax incentives? :) I am a Musk fan. I just think the valuation of TSLA are insane. But then again, valuations don't mean crap. Markets are an auction process. I'm just not a buyer. |
| johnpaulca 12,036 posts msg #136235 - Ignore johnpaulca |
6/7/2017 12:30:59 PM johnpaulca 10,670 posts msg #136208 6/6/2017 8:53:56 AM /Cl......$46ish....looking for a bounce at this price *************************************************************************************************** $46....I will now wait for a buy signal |
| pthomas215 1,251 posts msg #136236 - Ignore pthomas215 |
6/7/2017 12:38:36 PM gmg, you are a smart guy. there are better plays than Tesla. O at 55.75. |
| pthomas215 1,251 posts msg #136237 - Ignore pthomas215 |
6/7/2017 12:40:54 PM GMG: waiting for a big market pull back and then going to take NVDA for the long haul. nothing crazy, just $10K or so. |
| gmg733 788 posts msg #136242 - Ignore gmg733 |
6/7/2017 3:06:25 PM @pthomas.. I don't play too many stocks anymore. And when I do I feel I'm constantly adjusting them (options account). For instance right now I have 5 positions in stocks. All are red right now except one. I have 15 positions in ETFs most of which are green, few laggards. What I've learned for a short delta, short vega, short gamma, long theta portfolio you can make great bank on ETF vol mean reversion. When I get into adding some stocks here and there I find myself having to adjust deltas or adjusting the trade to scratch. The only issue is I have to maintain some short delta to offset my short vega. Well its been hard to be short the market so I've been shorting weak stocks. But then you run into take out risk. In hind sight (I know I know) I should have simply bought AMZN, FB, MSFT, TSLA, REGN and walked away. The only play in these is short calls but every day they go up and up. Insane. Can't win. That's why its trading. :) I'm having a great year. Just giving a little back lately. Only the market goes up an up. :) Not my P/L. I'm laid out at about 50% of my net liq in my options account. I'd like to see some stuff come in soon. Theta is 165 which is plenty healthy. |
| pthomas215 1,251 posts msg #136243 - Ignore pthomas215 |
6/7/2017 5:41:27 PM gmg, I see your point and i agree. when you do a post mortem on your PnL, where do you see your biggest margins in the big picture? In futures I assume? |
| karennma 8,057 posts msg #136248 - Ignore karennma |
6/8/2017 8:08:47 AM pthomas215 726 posts msg #136237 - Ignore pthomas215 6/7/2017 12:40:54 PM GMG: waiting for a big market pull back and then going to take NVDA for the long haul. nothing crazy, just $10K or so. gmg733 511 posts msg #136242 - Ignore gmg733 6/7/2017 3:06:25 PM @pthomas.. I don't play too many stocks anymore. And when I do I feel I'm constantly adjusting them (options account). For instance right now I have 5 positions in stocks. All are red right now except one. In hind sight (I know I know) I should have simply bought AMZN, FB, MSFT, TSLA, REGN and walked away. The only play in these is short calls but every day they go up and up. Insane. Can't win. That's why its trading. :) ============================================== And that's Y peeps refer to their trading profits as "beer money". In an extended bull market like this, trading stocks is a time-consuming and often wasteful endeavor. Re: "I should have simply bought AMZN, FB, MSFT, TSLA, REGN and walked away." ** You are correct. ** Just put in your stops and let it roll. Now, I know why when I used to go to "Trader" meetings, so many "daytraders" looked so poor. They probably were! Unfortunately, I think a lot of people who trade have gambling issues. |
| gmg733 788 posts msg #136250 - Ignore gmg733 |
6/8/2017 9:02:17 AM Futures are my biggest in regards to return on capital. But the notional I'm controlling is the biggest too so that makes sense. Options trades have been good to me and do work. It would work MUCH better if we had higher volatility. So in this point and time, futures are better performing but it is hard to do apples to apples comparison with vol being so low. Here is a good story. A buddy of mine every time he sees me brags about his AMZN position. I usually laugh and he always asks me why I laugh. I finally explained to him his risk is so high on the position and his return while great is not great when there are better vehicles out there. Here is my point, he is risking 75k and is up 25k (assuming in at 750 and 1000 right now on AMZN for 100 shares). I'm up almost 2x on a typical return on capital (measured by margin). Simply if I'm normally in at 25k of buying power I'm up almost 25k and obviously a more efficient means. His counter argument is AMZN will never go down. We'll see how that works out. :) What I think are better plays... according to my filters PNRA (bought out), TSLA and REGN all outperforming AMZN and have been for several months now. I think the best trade once we get some correction will be XIV or SVXY (pick your poison). Now, lets get a counter trend rally in /CL and make some money. I just read an article that all the banks cut crude oil price forecast for this year, so that means a rally. :) I don't look at macros when trading, but with all the saber rattling in the middle east I have a hard time believing oil is going another 10 percent lower. |
| karennma 8,057 posts msg #136251 - Ignore karennma |
6/8/2017 9:30:55 AM @ gmg733. Re: " Here is my point, he is risking 75k and is up 25k (assuming in at 750 and 1000 right now on AMZN for 100 shares). I'm up almost 2x on a typical return on capital (measured by margin). Simply if I'm normally in at 25k of buying power I'm up almost 25k and obviously a more efficient means. His counter argument is AMZN will never go down. We'll see how that works out. :) " ======================= Most peeps who buy & hold stocks don't trade futures, much less understand futures. Of course, futures will give you a higher return because of the leverage. There's no doubt, IF YOU'RE POSITION/DIRECTION IS CORRECT, you'll make a lot of money. Therein lies the problem with trading anything -- futures, stocks or options. Remember the Greek aphorism, "Know Thyself"? It took me a long time to realize that trading success for me personally is all about knowing myself. ANYWAY, regarding your friend's comment ... "His counter argument is AMZN will never go down." SMH ... That's sad. Poor guy has probably never seen a flash crash. Hopefully, he doesn't have a margin account. IMHO, he needs to put in a stop. |
| StockFetcher Forums · Stock Picks and Trading · Intraday Alerts | << 1 ... 1671 1672 1673 1674 1675 ... 1903 >>Post Follow-up |
Copyright 2022 - Vestyl Software L.L.C.•Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data
Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus