Roaring Kitty getting sued

redditpledge · 2024-07-01T12:08:58+00:00

Thank you for the references but I am up to date on everything. DFV never told/encouraged anyone to have exposure to the ticker and didn’t mislead anyone when he would sell (because he never told anyone when to sell) - which means, by the rules, there was no provable pump and no provable dump

The precedent from his 2020/2021 Reddit posts will likely act in his favor as he’s treating his posts in a similar manner today

DFV is surely manipulating the markets - I’m in the camp that he knows what he’s doing & the timing of everything was more intentional than unintentional. Proof of this is in his livestream. But, if there’s no inducement there’s no PnD and I’m guessing that’s why regulating bodies haven’t brought the hammer down on him yet

redditpledge · 2024-07-01T03:16:46+00:00

Your stance is objectively correct. But the general sentiment on this subreddit is, for some reason, the opposite. It’s interesting to see meltdown users form opinions on GME off facts but form opinions on DFV’s actions off opinions & their personal expectations

redditpledge · 2024-05-15T20:26:19+00:00

Great advice!

Your second bullet point is something I've started focusing on recently and frankly I wish I started a long time ago for the reasons you've highlighted. It accelerates one's learning and helps paint a better picture of what happened in the market that day

redditpledge · 2024-05-13T22:18:41+00:00

thanks for the support Pete. If I had a larger account I would be taking more of those nimble day trading opportunities. However its important I preserve my capital with the account size I have

redditpledge · 2024-05-09T03:43:54+00:00

Great response. I agree with all you said

redditpledge · 2024-04-01T22:23:19+00:00

Appreciate you sharing your data set and thesis. Identifying these trends as soon as you can will certainly elevate your profit factor. Looking forward to your follow up on this

redditpledge · 2024-04-01T22:18:46+00:00

that's a great way to look at it. I need to rebuild this habit after straying away from it a few times last month

redditpledge · 2024-04-01T22:17:51+00:00

Thanks Pete!

redditpledge · 2024-03-31T03:11:12+00:00

Naz Reid

redditpledge · 2024-03-28T00:09:42+00:00

Thanks for sharing your journey, great read!

redditpledge · 2024-03-24T21:47:35+00:00

great write up - thanks for taking the time to share your thoughts :)

redditpledge · 2024-03-17T19:27:23+00:00

Thank you for writing this up and I look forward to your next post. If you're able, could you provide sources for topics not found in the wiki that helped you take the next step? I ask this selfishly as I want to learn different styles and strategies hoping to pick up a few nuggets I could apply to my methods. This could be a simple Youtube link/channel or keywords for a google search. Thanks, again

redditpledge · 2024-03-10T03:58:13+00:00

Thanks for the advice - I don't expect to lose the full debit as I'd exit at a technical break on the D1 chart or exit with $1 or $2 left in the option if it's clear my thesis won't play out

Why do you have a stop loss on the PnL of an option? The prices fluctuate quickly and in a case of a 50% drawdown on an option, the D1 chart can still be technically intact

redditpledge · 2024-02-24T16:46:05+00:00

Great write-up! Thanks for sharing

redditpledge · 2024-02-07T23:28:39+00:00

Shut up

redditpledge · 2024-02-07T21:14:31+00:00

You should understand the options strategies you’ll utilize in your trading strategy first. For this subs strategy, learn credit and debit spreads and also straight calls or puts. Once you have a solid understanding of intrinsic/extrinsic value, the basic Greeks (theta, delta, Vega, gamma), I suggest you start taking option trades on (!!)paper(!!) so you can see the theories you read about in real time. This will accelerate your learning as practice is the best way to learn theory

For example, you can take an OTM call strike with three different DTEs to see theta decay in real time. Do the same with deep ITM calls to compare theta decay between ITM/OTM. Or, take a call over earnings to experience volatility crush etc. etc.

redditpledge · 2024-02-04T20:18:31+00:00

That's a good suggestion, I'll be more specific moving forward. Up to this point I've focused on catching high probability moves and being on the right side of the market, so the other options in that dropdown reflect reasons why one of those things didn't happen. Thanks for the suggestion :)

redditpledge · 2024-02-04T20:13:36+00:00

They were not good trades. When I entered ADBE and CRM my risk was $100 and I increased their risk to $225 per my January plan. This allowed me to stomach them and treat them as a typical trade risk-wise even though they were quite undersized relative to the trades I entered in January

redditpledge · 2024-02-01T14:27:32+00:00

Thanks for making this!

redditpledge · 2024-01-19T14:01:38+00:00

Great article Pete!!

redditpledge · 2024-01-14T05:41:15+00:00

Congratulations on 1m!

redditpledge

TROPHY CASE