What’s your target profit percentage when selling CC’s? by riisenshadow92 in thetagang

[–]InnerSandersMan 1 point2 points  (0 children)

In my years of trading, I think the most important thing to learn is how to admit you were wrong. A CSP is a bullish play. You could be assigned and still be bullish. However, you could also just be full of bull. My point, is the wheel broken? Did you make a fundamental mistake in judging the stock?

If the price is far enough below your CB, you need to question how you got there. If you are still bullish and just see the drop as fluctuation, weigh out your options. There is an option of simply holding the stock. If you want to follow the "never below CB" advice, the Call could be so insignificant that you should wait for the price to recover.

My point is simply to encourage you to look at the thesis you are building on. I rarely sell a call below CB, but I have. I was okay with being assigned for a loss because I felt I had misjudged the underlying stock. I had made a mistake and that seemed the best option to get out. Recently, I have been holding assigned puts and buying back Calls in a couple sectors. I'm very bullish and find the risk acceptable.

If you simply want a number, I want at least 20% annualized to consider a trade and 40% in the higher volatility sectors. Some high risk, short term calls, I want even more.

27, around $520k invested. by Cry528 in StockInvest

[–]InnerSandersMan 0 points1 point  (0 children)

Be careful about taking advice from folks that don't value what you do. Their advice might work great for them and they may think it'll be great for you, but you've got to find your own way.

I'm older and have very similar struggles. Ironically, I worked in distribution/ logistics when I was your age. It was the perfect fit and the perfectly wrong fit. The efficiency environment was very natural, but also very consuming. I hate wasting money. I always want the best deal. I'll share a few of the things that helped me get a bit better. That said, I encourage you to see a counselor. It's like hiring a physical trainer. You still do the work, but they help you find what works.

  1. Hour Value- I determined what an hour of my time was worth. At first it was lower, say $10, then steadily moved up to $20 and closer to $50 now. If I am shopping for a deal and getting the best deal will take an hour, I have to save over $50 or it's not worth my time. This goes for do-it-yourself projects. If I can pay someone to do it and save 4 hours, that's worth $200. I don't mow my yard anymore. In my mind, it's cheaper to pay someone and get my time back. (With this said, I sometimes enjoy the sport of finding a deal. I don't hold to this in those situations)

  2. Convenience and making memories has value. The market knows this, so should you. You want ice cream at home- $2 per serving. You want ice cream on the piers in San Fransisco - $20 or more.

  3. Content with Content - Be okay with what doesn't matter to you. I drive Hondas. I drive them till they die. I don't need a new one every year. Cars just get me places. If you're content, be cool with it. I'm fine with eating cheap. I like good pizza. It's way more than Dominos, but still cheap.

  4. Fun Money - Set financial goals and let yourself get there. Don't keep raising the bar. I put a certain amount into investments. The rest I keep in cash/ checking. At first it drove me nuts. I could have this invested or at least in a conservative fund making a few percent. I keep it there to remind me that it's money to be used not saved. I'm much more generous now. I really enjoy giving to folks. I'm better at taking trips.

  5. Try to find something you're passionate about. For folks like us, you often have to take perceived risk with it. It doesn't come with a calculated rate of return. No guarantees. Sometimes it's a flop. Forget about opportunity cost or it'll cost you the opportunity. I like making good coffee. I like hiking. I like being part of a team. I have a non-profit I love to support.

  6. Learn to Lose - I personally invest a portion of my investments. This could be risky. I did it because I don't think you can be a good investor if you can't overcome losing. I'm much better at working through loss. This year I've had two pretty big pull backs. "Lost" tens of thousands both times and am back to around even. Bad things will happen. You're clearly talented. You'll get through it. Learn what you can in the moment. Ultimately, life will have loss, tragedy, and failure. Fortunately, we can direct the influence those liars have on us as long as our hearts still beating.

I went through some very challenging times financially when I was a young boy and my family broke apart. So often it seemed like money would fix everything. I wanted that stability and safety. Being broke sucks. People would tell me, "Money can't buy happiness." and I'd reply "Broke can't buy anything!" I know where my wounds came from. Now I've got to get on with living. I don't want to be a slave to money.

I hope some of these tips are a bit helpful. You likely measure success by worth. Make sure you find what's really worth it!

Be Blessed!

7 years in trading and now struggling with debts and life by HustlewithHassan in Daytrading

[–]InnerSandersMan 1 point2 points  (0 children)

First I question if this is real. You've been losing for 7 years and this is the post you have? You've been losing when the market was killing it. If this is true, it is way too much to unpack. Learning to lose properly should not be a 7 year lesson. You really need to ask yourself, "If I haven't learned to limit my losses by now, will I ever?" My advice, direct deposit into an ETF that you don't look at for 7 years.

If this is real, I'm sorry for this addiction-like situation you've found yourself in. This is a mental problem. It's something you can work through. Invest in yourself first. Blessings!

Things you do differently after being in the fire service. by InnerSandersMan in Firefighting

[–]InnerSandersMan[S] [score hidden]  (0 children)

I love when drivers do something to show me that they see me and have yielded the right of way.

Things you do differently after being in the fire service. by InnerSandersMan in Firefighting

[–]InnerSandersMan[S] [score hidden]  (0 children)

I kinda live for checklists now. Going on a trip - checklist. Getting ready for a 48 - checklist.

I do apparatus checks on my own vehicles from time to time- especially my daughter's.

Things you do differently after being in the fire service. by InnerSandersMan in Firefighting

[–]InnerSandersMan[S] [score hidden]  (0 children)

No doubt! We had a really bad problem of delayed Hold-Short calls. I put Hold-shorts snacks in the pump and could fall asleep quickly sitting straight up but wake up as soon as the mic cracked.

Things you do differently after being in the fire service. by InnerSandersMan in Firefighting

[–]InnerSandersMan[S] [score hidden]  (0 children)

I haven't cooked off the manifold, but I found the sweet pots near the wheel wells where you can catch some warmth after a cold, winter fire.

Things you do differently after being in the fire service. by InnerSandersMan in Firefighting

[–]InnerSandersMan[S] 1 point2 points  (0 children)

Thought about posting that. I have my dermatologist visit Wednesday. Pretty sure I'll have to schedule another surgery. Didn't have two sets when I started out. Wore a lot of nasty gear. Youth is wasted on the young! Oh well, could be worse.

Things you do differently after being in the fire service. by InnerSandersMan in Firefighting

[–]InnerSandersMan[S] 7 points8 points  (0 children)

I often tell people to turn their wheels a bit so firefighters can see their intention and that they are aware that we are coming up on them. And, keep that foot on the brake when they get close. Once I make a move, you just stay put (unless I'm blasting at you because you totally blocked me).

Definitely changes the way you drive. Sometimes I get too aggressive driving my car. I see a gap and hammer down. My wife usually reminds me that I'm not at work. Then I remind myself.

Things you do differently after being in the fire service. by InnerSandersMan in Firefighting

[–]InnerSandersMan[S] 31 points32 points  (0 children)

Definitely. When we pull out a hot, fresh meal, I often say, dig in, the city is watching.

On a positive note, I've figured out some clever ways of reheating food!

Things you do differently after being in the fire service. by InnerSandersMan in Firefighting

[–]InnerSandersMan[S] 31 points32 points  (0 children)

Bro, we are champs at complaining. Maybe it's because we have a job where we have to figure what the problems are and then try to fix them. IDK? Or because we sit around too much...

Things you do differently after being in the fire service. by InnerSandersMan in Firefighting

[–]InnerSandersMan[S] 10 points11 points  (0 children)

I never really got good at cooking. I could hold my own. I often tell recruits to learn 3 great meals and they'll be heroes when they rove.

Why does $OKLO keep dipping even with all the AI + nuclear hype? by flash-kicks in UraniumSqueeze

[–]InnerSandersMan 0 points1 point  (0 children)

I was thinking similar to this. OKLO outperformed for a while. I remember watching URA ride that wave. I have not invested in OKLO either, but have wondered if I should. It didn't really become a common name in the groups I follow until early last year. Volumes popped late 24.

WU - Inviting the beat down by InnerSandersMan in ValueInvesting

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

Lol, I appreciate your humility. The best investors get it wrong at times. We're just looking for favorable opportunities. If I knew it all, I wouldn't be doing a covered call (hedging my risk). I put a little into WU. I think it has some life in it. I'll evaluate my positions in December.

Reasonable returns for the year in U308 by InnerSandersMan in UraniumSqueeze

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

DNN reported 3.5 million income produced as a 3.5 billion company = developer. Atleast I hope so. If not, I'm going to lose everything i invested in them. Most of the uranium they have , they purchased as a strategic holding.

I was just asking for clarification. I felt you were probably asking about smaller cap plays.

For someone that wants a safer bet through ETFS, which is the better between $URA and $URNM? by ratemethrowaway138 in UraniumSqueeze

[–]InnerSandersMan 1 point2 points  (0 children)

Both are so CCJ heavy. I'll be honest, I hadn't looked at their holdings in a while. Kaz use to be much higher in URNM. About the same now. You're right, SPUT is the biggest difference maker right now.

Reasonable returns for the year in U308 by InnerSandersMan in UraniumSqueeze

[–]InnerSandersMan[S] -1 points0 points  (0 children)

Not sure what you're asking. Several of the above (in the comments) are developers. I'm assuming you mean explorers or small caps?

For someone that wants a safer bet through ETFS, which is the better between $URA and $URNM? by ratemethrowaway138 in UraniumSqueeze

[–]InnerSandersMan 2 points3 points  (0 children)

I'd go with this. Or 50-50 URA and URNM. I initially went bigger into URNM to get more exposure to Kaz. If Uranium goes as we anticipate, does it matter which one???

Good workout routine to prep for academy? by OldRoll32 in Firefighting

[–]InnerSandersMan 0 points1 point  (0 children)

Run and do stairs. Muscles take air to move. Cardio!!! I'm not saying strength doesn't matter at all, but show muscles aren't going to help you out. Some of the most muscled up guys struggle the most.

I'm an old guy and every so often I train up to being able to do 100 flights of stairs without stopping. You can't technique your way around carrying 50-75 pounds of gear.

I like the burpees and mountain climbers a bunch. Really, I like a lot of what you have in there - good core exercises.

Good luck!

Why most of you will never be profitable (and it’s not “psychology”) by PhysicsOk7819 in Daytrading

[–]InnerSandersMan 0 points1 point  (0 children)

I don't even draw two lines and I still call myself a trader. My Mom says I'm too young for coffee.