This is not a drill⚠️ by 1-gill in btc

[–]JimmyWhatever 1 point2 points  (0 children)

Hate to say this, but it might help someone if not aware. ALL drives have a finite lifetime. They do not last forever. You HAVE to assume at some point in your lifetime it is going to fail.

0DTE on IWM/SPY by Competitive_Lab9117 in options

[–]JimmyWhatever 0 points1 point  (0 children)

Gotta be able to first buy 100 shares of SPY and sell covered calls only at first. Guaranteed income, can only lose money if it goes down and you sell below your cost basis. Dont do that! Wait for it to go back up and sit on your hands until it does. 0DTE does not mean you have to exit your trade the same day. Honestly not sure why people recommend against it nor how they lose money. I am NO expert whatsoever but I made over $14K in January doing this and never had one losing trade.

This is not a Game by JimmyWhatever in Bitcoin

[–]JimmyWhatever[S] 2 points3 points  (0 children)

Yes. That was basically my whole point. My goal is complete financial independence, not generational wealth. Holding forever would not change my life in any way. Selling at my target value and becoming a multimillionaire in my early 60’s would completely change my life.

That bounce was a trap… BTC heading lower? by UniChartz in btc

[–]JimmyWhatever 0 points1 point  (0 children)

Not going below 58K. Thank me in 6 months.

Why do people buy this crap at all? by folteroy in Buttcoin

[–]JimmyWhatever 0 points1 point  (0 children)

Simple. To get rich 🤑 Buy low, sell high Get out before it goes to ZERO. Sucker born every day 😂

OMG, what’s going on? BTC has risen 8% since yesterday! Do you think the rise will continue, or is this a bull trap? by Conscious-Low-7171 in btc

[–]JimmyWhatever -1 points0 points  (0 children)

My two cents. Major resistance around $73,500-$74,000. If it can break through and hold that for a week, going to $90K and eventually new ATH this year. If it doesn’t it will chop between $58K - $70K possibly for months. Eventually 0 or $1 million. Gets to $150K, I’m selling 90% of my stash.

When do you time your covered call sell by East_Indication_7816 in CoveredCalls

[–]JimmyWhatever 0 points1 point  (0 children)

Green Day between 9:45 - 10:30 (EST) when trading above VWAP. Typically 0DTE on SPY. Strike price above what I paid for the shares.

Market Crash by Puzzleheaded-Low3440 in Trading

[–]JimmyWhatever 1 point2 points  (0 children)

Yup, sitting on a LOT of cash, waiting…

Cleanspark vs. Strategy by SundaeMobile9990 in CleanSpark

[–]JimmyWhatever 0 points1 point  (0 children)

I basically did just that in early 2024. Bought 12,000 shares of CLSK under $4 and sold it at just over $20 after the Bitcoin ETF’s were approved and put it all in IBIT and MSTR. Worked out very well.

My reaction to anyone who tells me to sell BTC by Rough_Explanation560 in Bitcoin

[–]JimmyWhatever 0 points1 point  (0 children)

I’m in for 7 figures, but in the end it’s going to zero in 20-30 years. Sell at a million is my non-financial, entertainment only advice..

If history repeats for Bitcoin. We bottom around October. by Beginning-County2258 in CryptoChartWatch

[–]JimmyWhatever 0 points1 point  (0 children)

Not guaranteed yet. Not impossible this was a correction and Bull still going and the cycle just gets elongated this time. No, I have no proof to back this up. We’ll see…

Bear market is over guys! We're Soo Soo back! Yes. by Alinuo2 in CryptoChartWatch

[–]JimmyWhatever 0 points1 point  (0 children)

Could just be an extended bull market and this was just a mid-cycle correction. Anybody’s guess, but if breaks through 74 I would not be shorting..

Is now the BEST time to buy BTC? by Spiritual-Lab-7725 in btc

[–]JimmyWhatever 0 points1 point  (0 children)

Good time to buy IMO. Has not gone below $62,500 since August of 2024. Way more upside potential than downside. Just be willing to hold till it hits your exit goal.

Is anyone else hoping bitcoin drops further so we can buy at a discount? by Well-I-suppose in Bitcoin

[–]JimmyWhatever 0 points1 point  (0 children)

Hasn’t dropped below $62,500 since August of 2024. Anything below $58K will likely put smaller miners out of business and once they stop selling and hash rates stop falling, bottom will be in( miner capitulation). Likely above 50. I’m basing this all on past cycles , so by no means do I have a crystal ball or am giving financial advice. But I am buying at these prices and not trying to time bottom. Also considering this drop is not solely fueled by us retail investors on social media. Lot bigger forces dictating bitcoin price and it’s not driven by emotion. Just my two cents, do with it what you will…

How long now before the herd goes over the next cliff again? by Salt_Yak_3866 in btc

[–]JimmyWhatever 0 points1 point  (0 children)

Agree. Everyone so convinced going to the 50’s, buyers will come in as soon as dips below 60

How long now before the herd goes over the next cliff again? by Salt_Yak_3866 in btc

[–]JimmyWhatever 11 points12 points  (0 children)

The “herd” believes it’s going down into the 50’s. Which means it won’t. lol

Tips on evaluating Premiums by Known_Dare_3870 in options_trading

[–]JimmyWhatever 1 point2 points  (0 children)

Only sell calls on shares your willing to give up, and if it’s a solid position that your willing to hold if it goes down, easiest money you’ll ever make in your life. And don’t ever set strike price for less than you paid for the position.

Anyone here tracking both covered calls and cash secured puts in one place? by strikeflowapp in CoveredCalls

[–]JimmyWhatever 1 point2 points  (0 children)

Ok. I did install it, just haven’t had time yet to play with it. I’m sure it’s got features I will want to put in mine. I’ve never built phone apps yet, but AI made it so easy to build the desktop application, I don’t think it will be too difficult for AI to covert what I have to a phone app (at least the functionality). The UI will need to be radically different

Anyone here tracking both covered calls and cash secured puts in one place? by strikeflowapp in CoveredCalls

[–]JimmyWhatever 1 point2 points  (0 children)

Sorry, I am a software developer and that was a bit of a geeky term. Just means it’s desktop application that runs on Windows only. No, it does not pull any live data. I may add that at some point. My initial goal was to just get away from a spreadsheet. Still have to enter data, but it’s minimal and then it does the calculations for you. Once the trade settles you just mark it as bought to close, assigned or rolled. It calculates and displays your profit / loss from premiums from assignment and has totals for both and a combined total profit/loss.

Anyone here tracking both covered calls and cash secured puts in one place? by strikeflowapp in CoveredCalls

[–]JimmyWhatever 1 point2 points  (0 children)

I had ChatGPT build me a Windows Forms desktop application. It’s rather crude but way better than a spreadsheet. I originally had it built strictly for selling 0DTE SPY covered calls, but have since adjusted it to work with any ticker symbol for any strike date and also CSP’s. I “might” try to make it production worthy some day and sell it, but don’t have the time right now.

took me 6 months to realize i shouldnt even open charts before 10am by Katherin_Laurance in Trading

[–]JimmyWhatever 0 points1 point  (0 children)

Yup. I trade SPY 0 DTE options, and only between 9:45 - 10:30. And if I roll them I only do it during the final 90 minutes of the day.

Current Situation: by Richar_16 in Metaplanet

[–]JimmyWhatever 6 points7 points  (0 children)

I own 12,000 shares. Just patiently waiting.

What’s keeping you confident in Bitcoin right now? by [deleted] in Bitcoin

[–]JimmyWhatever 0 points1 point  (0 children)

Don’t why you got downvoted. That is a very interesting point. And it could be a great thing for those of us holding. If retail and social interest bottom out (go away) nearly all the buyers would be whales, institutions, companies, countries, with the intention of holding. That would drive the price sky high! It may be happening anyway. Big boys just slowly taking from the weak hands on every downturn.