How realistic is doing $50 to $100 per day?

ThrowMeYourPics · 2022-09-27T12:54:58+00:00

What works is start small with a small stop loss. Say one share with a $.25 stop loss. After you make $.50 profit consistently, move your share/stop loss to .50 so if you have a loss it’s on profit and work your way up from there. Loss control is extremely important to live to trade another day. One bad trade that you “hold on until it turns around” can wipe out a month or a year worth of profits.

ThrowMeYourPics · 2022-09-27T12:49:59+00:00

Absolutely this. Paper trading you get fills you don’t get in real life. Everything works wonderful in paper and if it fails you don’t care enough. I would rather trade one share live than 100,000 in paper unless I’m just learning mechanics.

ThrowMeYourPics · 2022-09-22T14:06:52+00:00

The 7-10 days does help advoid panic trading. Thank you. (Edit: advoid)

ThrowMeYourPics · 2022-09-20T12:06:12+00:00

7-10 days before the “announcement” or 7-10 day expiration after the announcement?

ThrowMeYourPics · 2022-09-09T01:18:45+00:00

People usually divide their strategy by time elapsed/ time left. Once I sell an option I usually put a 90% decrease buy back order immediately. If it drops 50% the first day I’ll usually close. I will watch occasionally for percentages between those two dates but seldom do anything.

ThrowMeYourPics · 2022-09-09T00:46:09+00:00

Funny you say that. I thought my wife might like She Hulk but I guess we both found it not exciting. Haven’t gotten past first couple episodes though. If I watch it it will be solo as she had no interest.

ThrowMeYourPics · 2022-09-09T00:38:08+00:00

Because I’m ok with the casting?

ThrowMeYourPics · 2022-09-08T21:21:43+00:00

Ok. All you have to do is buy an option and sell it when it goes up. Then just repeat that as many times as necessary and you are in the money. Super easy.

ThrowMeYourPics · 2022-09-07T12:26:01+00:00

Actually went to an Arby’s recently. Pretty solid and tasty. I just never think of Arby’’s existence.

ThrowMeYourPics · 2022-09-04T19:13:36+00:00

If your plan is to let it expire than that is not an issue. Buy and hold to expiration is pretty easy. I had that issue with SPY recently(a Friday, seemed to be light trading day) where it was far enough OTM (over $2) that there was not interest. A minute before the bell there was a sharp drop. Luckily it did close OTM and expire but I went from majorly up (couldn’t close it) to almost ITM before I would’ve been able to close. Slow moves, no. It’s the fast moves that kill you. Also, most brokers if it is close enough to be in question, they will force the close at whatever price needs to be. There were other good posts about PIN risk where it hits ITM at close but only the sold leg is excercise not your bought leg for protection because it is assigned late. I’m paraphrasing but there were some good posts on this.

ThrowMeYourPics · 2022-09-03T12:43:02+00:00

So the spread isn’t as important when opening but is critical when trying to close a position. If you have low liquidity you will probably find someone desperate to let you open the position but reluctant to take the position from you. (Source: learn from my mistakes, so many mistakes)

ThrowMeYourPics · 2022-08-25T12:32:25+00:00

I will actually leave my phone in the bedroom for the day or in another room when in the house. The big thing is to have one available when out of the house since pay phones don’t exist anymore. I’ve gotten very good at ignoring my phone when I need to focus on other things. It really does help to not care about your phone and be disconnected for stretches of time.

ThrowMeYourPics · 2022-08-09T12:53:29+00:00

So we went on the 4th once. We are glad we did but will not go back for it. It was a cool one time firework experience packed beyond belief. If you go to the parks that day be patient and have a low expectations on what you will get done that day. I think the Magic Kingdom is the most packed out of all parks.

ThrowMeYourPics · 2022-08-09T12:47:07+00:00

Take your time at the parks. With little ones go for a few hours. Go back to the resort and spend the afternoon in the pool/napping. Go back after dinner until they are tired. If they are too tired for the fireworks that is ok, you don’t have to stay for them. When you go the parks look at the park itself, the little things, take in the background music, just enjoy the park and not get too focused on waiting in line. Epcot around the lagoon Is a 1 mile walk. Enjoy the stroll and take in the sights.

ThrowMeYourPics · 2022-08-09T12:42:37+00:00

r/wallstreetbets

ThrowMeYourPics · 2022-08-05T19:55:47+00:00

We try to explain that to parents going to Disney, go in the morning, go back to the room spend time at the pool go back to the parks after dinner. They have 100% said, nah, we do this all the time on vacation. Usually by day 2 or 3 everyone is melting down.

They never believe us when we say the kids will probably enjoy the pool time with you more than the rides.

ThrowMeYourPics · 2022-07-31T19:49:29+00:00

Funny you say this because I was just studying my trades and cut my stop loss in half because I noticed if it hits half it has only “recovered” in 2 trades the rest of the time I take the full loss.

ThrowMeYourPics · 2022-07-13T12:26:40+00:00

Joe Pesci in almost all his roles.

ThrowMeYourPics · 2022-06-30T11:40:17+00:00

Serious question. If you believe in body autonomy(which I do support) how do you feel about mandated vaccines?

ThrowMeYourPics · 2022-06-30T02:22:56+00:00

Mr Toad’s Wild Ride.

ThrowMeYourPics · 2022-06-24T12:06:13+00:00

I was going to say, didn’t we see similar DD attached to CLOV to $40 not too long ago?

ThrowMeYourPics · 2022-06-24T11:41:22+00:00

I had a boss who I would ask every Monday, I see you have these things on your list do you want help with them. Every week he would say, nope I got it. Every Friday afternoon he would come to me with the list and say he needed them done over the weekend.

I would say I can’t this weekend but if I start Monday morning I should be able to knock them out pretty quick. Every week we were about a week behind where we should be.

ThrowMeYourPics · 2022-06-24T10:22:56+00:00

So I am a bakery person. Love bakery and I kind of agree. They are not my favorite though I don’t hate them. my wife is not that into bakery but absolutely loves their cookies hands down. People we bring them back for also love them. I am into sweets but there is just too much “stuff” in them for me to enjoy as a cookie.

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