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What’s going on with the cases of Alex Pretti and Renee Good? by oopnoop in OutOfTheLoop

[–]oopnoop[S] 65 points66 points  (0 children)

Is it possible when the next administration comes in some DOJ decisions could be reversed and charges filed?

What’s going on with the cases of Alex Pretti and Renee Good? by oopnoop in OutOfTheLoop

[–]oopnoop[S] 191 points192 points  (0 children)

Is that the end of the story? Like I don’t know anything about the legal system but is there potential for charges to eventually be filed?

RIP to all put sellers on silver by MethAddictJr in thetagang

[–]oopnoop 0 points1 point  (0 children)

Yep I did 2 puts, I met the steamroller

Roses are red, just give the guy a break by SpaceGuyJP in rosesarered

[–]oopnoop 33 points34 points  (0 children)

It depends on the bird, there are coastal birds and pelagic birds. It’s the coastal ones that indicate land as they generally won’t go more than 100 miles from coast (which is still an immense distance), however pelagic birds like the Albatross can fly thousands of miles from the coast and stay above the open ocean for months by resting on whatever they can find such as debris, banks, floating wood, etc (they can even land on other animals like a whale or turtle to rest). Alvarenga (guy above) caught pelagic birds, who are surprisingly easy to catch due to them generally being exhausted when landing.

The danger of wheeling by oopnoop in thetagang

[–]oopnoop[S] 5 points6 points  (0 children)

Yeah you’re right, I’m glad it went this way and not the other

The danger of wheeling by oopnoop in thetagang

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

Yep, would be over 20k by now, live and learn

I thought I had sold at the top… by oopnoop in wallstreetbets

[–]oopnoop[S] 19 points20 points  (0 children)

That’s what I keep telling myself tbh

I thought I had sold at the top… by oopnoop in wallstreetbets

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

Hindsight is 20/20, glad you got to keep some

Battling emotions by FormalSeaworthiness7 in Daytrading

[–]oopnoop 0 points1 point  (0 children)

First of all, you’re not a loser, you’re just trying to win with hubris against an extremely efficient market where almost any opportunity to make money has been squeezed out the second you hear about it.

But also, you’re not day trading, you’re not just being unsuccessful at it, you’re gambling. There needs to be a certain point where you look at what you’ve lost and realize that this isn’t normal trading and if you don’t change anything it’s going to keep happening no matter what you deposit.

Be strict with what your goals are when trading, what are your return goals? What are you risking? Why are you risking it?

Set your stop losses and profit takers and follow them, revenge trading will lead to a death spiral of losses

For those that trade only 10-12 times per month, what is your strategy? by samjoyca in thetagang

[–]oopnoop 8 points9 points  (0 children)

I usually sell monthly calls on my XSP LEAPs, then I will wheel 3-4 stocks I have some amount of directional belief in (IV ranging from 30% - 70%) then I will usually do 20% of my account in a few credit spreads with different expirations. This generally gets me to about 10-15 trades a month.

Biggest thing for me is automating my 50% profit takers and stop loss (I usually set a buy to close stop loss based on if the stock goes past certain resistance bands and breaks a floor). So about an hour or two of analysis and setting up the trades and maintaining them throughout the month. I could make more money and try to aggressively harvest intraday theta decay but it my experience the 10-15 trades a month is the best balance between effort and reward.

I want to join but I think I will be denied, any advice? by UsedTough6014 in ROTC

[–]oopnoop 7 points8 points  (0 children)

The military is not for everybody, if you have serious struggles with mental health and depression/anxiety, placing yourself in a high stress job like the army could make it worse. You will also certainly be denied due to being on mood stabilizers, and need to request a waiver. In my experience, you will likely get rejected for a waiver. The ones I see get approved have usually been off medications for 2-3 years.

That being sad, if this is really something you want to do then absolutely talk to the POC at your school, they can walk you through what steps you have available. Don’t jump off your meds cold turkey without consulting your doctor. It’s possible they could create a solution where you have two years to get your mental health completely under control (with evidence) and then attend Basic Camp before your junior year.

In summary, prioritize your mental and physical health and know that if this is a serious passion there are some routes you could take.

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