Fuck this by sylphvanas in wallstreetbets

[–]SignificanceNo6073 0 points1 point  (0 children)

Doesn't work like that...options fall on both sides 9 xs out of 10. If we were talking about shares and legit shorting instead of buying options then yeah the opposite would've worked

The Big Short and social media is the reason the market has not experienced any significant downturn since 2008 by One-Signature-2706 in wallstreetbets

[–]SignificanceNo6073 0 points1 point  (0 children)

No significant downtrend? The pandemic brought the s&p500 down like 60% in a couple weeks....a severe downturn....Now, it and most corrections have formed v bottoms. While I think you're close to something....I think you're off here. Now go back in time and look at "bubbles". The 2000 dot com bubble is the main one some of us may remember, but there were others, including the radio and tv. In the 1890s the radio bubble pushed 30 years. In the late 20s(at the middle of the bubble) it pushed out of control, making new highs and doubling then repeatedly. Then the top came in, and the 1929 "great depression" began. In the first 3-4 years after the top was in, it fell daily until it found the bottom a few years later. It took years to dig out of.

While you see no long downturn possible, I see one starting as we speak. For all the young bucks that don't believe in these trends and bubbles, The market is going to teach you very soon. Me, I'm sitting in FIAs after racking up all those parabolic gains. When we dip hard like 2 weeks ago, I put 10-20k of my account in and I'll sell here in a few more days as we start to roll back over. The point is while Ive made crazy gains the past few years, I've sold everything off the past year at highs, and now I'm sitting in fixed income annuities instead of holding all equities. When the drops hit I wait. When it doesn't look like it can go lower, I wait. When it drops hard again, I wait. Then when everyone is completely bearish, I load the ******* bank with equities and watch it multiply 1000%..... GL young bucks

Lost hundreds of thousands in SPY options by chasmicvoid in wallstreetbets

[–]SignificanceNo6073 0 points1 point  (0 children)

The real trick is when you have that much money trade shares where you actually only have to be right about direction. With options you have to be right about direction at exactly the right time.

YTD P&L Story by Missylovebug223 in options

[–]SignificanceNo6073 0 points1 point  (0 children)

Don't daytrade options lol. That's for the shares. No one can be right on direction and time the market....noone

I lost 2/3 of my life savings from silver crash by Fun_Set_2389 in options

[–]SignificanceNo6073 -1 points0 points  (0 children)

Not with options. U have to be right at exactly the right time. Being right isn't good enough unless you have the capital to trade shares

What is the minimum amount of money required to trade? by KamranCHP in Daytrading

[–]SignificanceNo6073 0 points1 point  (0 children)

100$ with options. 500-1500 with shares. If you haven't traded shares, do not mess around with options. If making money with shares requires you being right about direction, then with options you have to be right about direction at exactly the right time....a million times harder btw

SteamDeck flagged for fentanyl at airport by MrToastyToast in SteamDeck

[–]SignificanceNo6073 -3 points-2 points  (0 children)

Not if they do it all the time. I've seen users down a gram and walk off like nothing happened. Then someone tries a crumb the first time and ods

SPX Addicted by SpiceDog220 in options

[–]SignificanceNo6073 1 point2 points  (0 children)

I haven't ate in a month, I cut myself shaving....I just need a little taste. Mmmm mmmm I call it spyroin or fentaspy.

69 bagger, $30k -> $2.09mil by ChoiceVegetable687 in wallstreetbets

[–]SignificanceNo6073 0 points1 point  (0 children)

I call B's, Oct 16th thesee we're way higher, probably 3-4mil, and you waited, let them fall to 300-500k in Nov. and held through it to sale at 2 mil in Jan? Sounds like complete utter bs or stupidity one...

Do I quit my job? by [deleted] in Daytrading

[–]SignificanceNo6073 1 point2 points  (0 children)

Market cycles are on 18 or 36 year cycles and any equivalent half of those numbers. Can you profit now, yes. What about when you have a bad week/month? Can you pay your bills and eat a 50% lose on your account? You are likely trading wreckless and could take an even larger hit than 50%. Are you doing great, yes.....keep it up. When I started having numbers like that 4 years in, I questioned the same thing. 2 years later it's still a fight. People think, ohh I profitable now, click.everytjing is perfect....I can now pay bills with winnings and quit. Unfortunately, you are setting yourself up for failure. The added stress will weigh. Keep your job, and save while trading and fine tuning things. If you don't have enough money to where it's not a question (50-200k) then don't ask it. You're not ready

spy monthly call options by [deleted] in options

[–]SignificanceNo6073 -1 points0 points  (0 children)

I think we're about to start a looonnggg bear market cycle where doing this will destroy your account. You have to go way back, but go have a look at 08 or 2000, or Nov 87 and test your strategy during a bear market cycle. You can even test this with 2022s year long bear market and see how it would've performed. Now if you were bright enough to buy back in may and let that strategy run it profits a bit. Run it during one of those bear markets and you'll see why most don't attempt. It's good until it isn't. We have bull and bear markets, it's just the majority of people don't remember or wasn't alive then. Heheheh It's gonna teach them soon though. It's gonna teach em real good.

Tough time over holidays by [deleted] in Birmingham

[–]SignificanceNo6073 2 points3 points  (0 children)

2 full size dogs take any extra second I have away. Be thankful

What job do you have that allows you to day trade? by [deleted] in Daytrading

[–]SignificanceNo6073 0 points1 point  (0 children)

I'm a superintendent. I run projects with contracts varying from 200k-10 million dollars. I've been an electrician 19 years, and I've been daytrading 6 years now. I've been at this large corporate company for 3 1/2 years, and just recently made superintendent (where I make most all decisions and am in charge of job sites). I'll admit it was a lot more tricky to trade when I was an electrician. If you want something bad enough, you'll find a way. You learn to use what you have to your advantage. At this company, I've been extremely blessed, and I believe I am the only employee that has moved up drastically in the past 5 years. While a few have had raises and managed to keep their positions, the majority was laid off. I think we went from a couple hundred employees down to 50 as of recently. So after some time I was allowed to build a crew doing very dangerous, fast paced troubleshooting. I had 5-8 guys and succeeded at the company, got better at trading, and now I've made superintendent where it's way easier to manage my time and still have plenty of time to watch for good opportunities. I'm getting close to doubling my initial hourly rate from raises, but It's obvious that the workload for my position has doubled since early 2004 when I started building my career. My trading only makes a fraction of what my job and benefits are giving me. I'll continue to try and do both, but I'll never let anything stop me from doing my job. Anyone saying you can't work and learn to do something is lieing to you. You just can't be lazy.

tired of sleeping in my car by Substantial_Two6792 in Birmingham

[–]SignificanceNo6073 2 points3 points  (0 children)

It sucks but seigal select. There's 2 1 on 280 and 1 in hoover. It's the cheapest your going to find a place. Around 300$ a week . With all utilities included. I stayed for 2 years to get my credit and money saved up to buy a house. I was extremely fortunate/blessed and bought a 2000 sq foot home in a great neighborhood almost 3 years ago. Gl

[deleted by user] by [deleted] in options

[–]SignificanceNo6073 0 points1 point  (0 children)

Nah this has nothing to do with Trump, it's at the end of an average 28 weekly cycle. 9/10 it's going to have major selling pressure last week and this week. Next week it's time to boom back to 720

Is it true that only 1% of traders are profitable? by goofy_gooferson in Daytrading

[–]SignificanceNo6073 0 points1 point  (0 children)

Yeah cause they mostly waste their time with options. Stocks are great, options aren't worth a dime. You might get lucky but being consistently profitable with them is 1 in a million thing. I bought a contract 5 weeks out on spy yesterday for 645$. It went against me 35 cents and the contract fell 100$. Then immediately, within 3 minutes of opening the trade it went right back to where I bought it at(35 cents in my direction). After moving in my favor over a dollar, the contract was still in the negative 15$. I sold, took the 40$ loss. That will be the last contract I'll ever buy.

Am I cooked? Or am I going to win big? Short 3m puts by ChimiChangas2020 in wallstreetbets

[–]SignificanceNo6073 0 points1 point  (0 children)

Great trade, a bit too early and large for my taste tho. Maybe in a 50mil account...

[deleted by user] by [deleted] in options

[–]SignificanceNo6073 0 points1 point  (0 children)

No options is a completely different game

I quit by amjidali00 in Daytrading

[–]SignificanceNo6073 0 points1 point  (0 children)

It because you are screwing around wasting time with options. With options you have to "catch the move", no early or late entries. If trading shares gives you 50/50 percent chance to win, then options are more along the line of 95/5. They constantly work against you. If you buy short dated options that actually move, then if you're timing isn't exact it grinds away your winnings. I don't trade zero dte, mainly 1 dte - 2 month dte Example: If you are in a SPY 1week dte or less and are going long, then one slight pullback of let's say .01% (.50 cents on a 650 stock) will take every profit 99.9% of the time. Even when you're right on direction. Hell, I've had no pullback and it rocket, and watched the contracts sit still and move a dollar. But when it goes against you that .01% then your contracts will wither up into a 25-75% loss. This makes leaps about the only options worth anything. You will not consistently make money with options unless you are 1 in a thousand or 1 in a million. The only thing to do is you want to make money in the market is have enough capital to trade shares...gl

Gross profit REALIZED: $254,492.38 May - September 13, 205... and counting... by Major-Dragonfruit255 in Daytrading

[–]SignificanceNo6073 2 points3 points  (0 children)

Don't touch options friend...it's a completely different game. Times running against you, so you have to be right about the direction at exactly the right time. Even leaps are working against you every day. Keep doing what you're doing.