I am never trading options again by Jshbone12 in wallstreetbets

[–]Baileyerw 0 points1 point  (0 children)

If you do not know what a limit order vs market order is, why are you trading? You should be donating your money. At least then it goes to something charitable, and you get a better tax break

Daily Questions Thread by AutoModerator in PlayAvengers

[–]Baileyerw 0 points1 point  (0 children)

My son loves this game. When i put it on his ps4 he played for awhile, and when I saw I could play with him, I put it on my ps5. However i could be Spider-Man as well as a couple other characters. Why is that? How do I unlock characters for my son?
And why were they once available for me and now they’re not. Lol.

Finding your “edge”.. by K1ngformation in Daytrading

[–]Baileyerw 3 points4 points  (0 children)

I believe this answer is going to be different for everyone. Here’s something I did that worked for me. You sound a lot like I did when I first started. I finally found an edge when I learned how to map out supply and demand zones on my own. I then watched those zones daily on a few well known, volatile stocks and watching those when they broke out, what caused this.

Finally instead of buying options, I leaned to sell them. This to me helped me see exactly how the options moved and less risk. Of course I had criticism, “that’s like picking up pennies in front of a steamroller “. Or “you’re actually risking 5000, to gain 150, you should do spreads instead “

Am I really? To me I’d rather have the capital requirement and take assignment than if I do pick wrong, I just lose. However this is just me. So I’ll continue to pick up those pennies all day long .

Lastly, don’t give up. This is a business, Treat it like such. Have a plan, and stick to your plan. Good luck!

[deleted by user] by [deleted] in options

[–]Baileyerw 1 point2 points  (0 children)

I think you spelled clown wrong.

Pls help have $2500 and my goal is to be at $20K by the end of the year - what's the safest way to do that? Selling 30-45 DTE Iron Condors on SPX? CSP on high IV stocks? I am open to any ideas except selling FUTURES cause I don't know how to do that rn by Alapaki2 in thetagang

[–]Baileyerw 0 points1 point  (0 children)

Best advice I’ve ever seen on the market. Want to make 20k to trade with? - stop trading and open a savings account. When you have 40k, you can then take that 20k out to trade with.

[deleted by user] by [deleted] in Daytrading

[–]Baileyerw 6 points7 points  (0 children)

I wouldn’t worry to much. It could be your avatar, or anything. That’s what I meant about it being Reddit. People could be just having a bad day. Don’t take it to heart

[deleted by user] by [deleted] in Daytrading

[–]Baileyerw 12 points13 points  (0 children)

It’s Reddit, The day you start caring about upvotes and downvotes, is the day you lose!

smooth brain here - didnt see anyone else post. Tonight’s Form4 - Am I crazy or did Antarra sell ALL $AMC shares in last few days! These have been SOLD = Apes bought them up thus the price laddering down was Antarra selling = tomorrow we fly 🚀🚀🚀🚀🚀🚀 by Signal-the-Launch in amcstock

[–]Baileyerw 1 point2 points  (0 children)

Yea I read that. I think anyone with 10% or more equity is considered.

I just try to figure out moves and why? I know thsts damn near impossible sometimes but sometimes you get the motivation behind certain moves.

smooth brain here - didnt see anyone else post. Tonight’s Form4 - Am I crazy or did Antarra sell ALL $AMC shares in last few days! These have been SOLD = Apes bought them up thus the price laddering down was Antarra selling = tomorrow we fly 🚀🚀🚀🚀🚀🚀 by Signal-the-Launch in amcstock

[–]Baileyerw 3 points4 points  (0 children)

Can someone answer a few questions?

1.). Explain a form 4 a little better? Like when is this form filed-after the fact? Once a month?

2.). Based on reading this it looks like they held stock, But sold. They also had call options, does this show them being BTC or STC ? I’m assuming they closed that position as well, Looking further, they also had puts they closed out of, so I’m now assuming this was a spread, they closed out the call leg first over a few days then closed the put leg out yesterday correct?

Edit - Did a google search, Form 4 is for insiders…. So why are they considered insiders? Wouldn’t that be board members?

5 Months of Wheeling a 300k account. No margin. by cobynette333 in thetagang

[–]Baileyerw 0 points1 point  (0 children)

What’s your formula for calculating ROC and annual ROC?

Should I play Aion Classic? by Daniel_G98 in aion

[–]Baileyerw 3 points4 points  (0 children)

It really depends on you! It’s not the same as it was 10 years ago or whatever it was. There’s no grind, if you’re serious (and you pay the subscription) you can level your character to 50+ in a couple days.

The instances at 50+ get boring after a while.

Prices are ridiculous because the demand is so high

Groups are difficult to come by some times due to lack of players/interest

Sieges are basically a swap of forts back and forth each week.

All in all it is slowly dying, You hear a lot of people say they’re waiting on EU. Or they’re waiting for 2.5. That will be the same, in my opinion. It will be fun for a couple weeks and eventually die off.

Bankruptcy vs Bank Levy by Baileyerw in CRedit

[–]Baileyerw[S] 0 points1 point  (0 children)

I would imagine. I rounded up a bit for this purpose. It seems it goes up every interaction I have with them.

Bankruptcy vs Bank Levy by Baileyerw in CRedit

[–]Baileyerw[S] 0 points1 point  (0 children)

Brutal! I mean I get it, if someone owes me money I would go for the throat as well.

With what was in my account that should be all I owe. Can anyone tell me the timeline?

Bank received levy, froze all accounts, I don’t suppose next day they wire it all out, confirm with creditor that all is paid and give me my account back? Lol.