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enraged_camel posted:Are you telling me that there are people who aren't daydrinking all day every day?! theres more than one kind of daydrinking. beer, vodka, hand sanitizer, everclear...
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Apr 7, 2020 23:01
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latinotwink1997 posted:How boring is trading options when you don’t have an economic collapse to really get the numbers moving a lot?
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Apr 7, 2020 23:08
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https://twitter.com/EricBalchunas/status/1247636945179729926?s=20 https://twitter.com/EricBalchunas/status/1247640643830194180?s=20 yeah I'd buy this ... two weeks ago. not sure if I'll buy it when it's actually available to trade. how much money (in both person-hours for putting poo poo together and initial investment pool) does it take to actually create a new ETF that is listed for trade, anyone know?
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Apr 7, 2020 23:10
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bob dobbs is dead posted:theres more than one kind of daydrinking. beer, vodka, hand sanitizer, everclear... Shower beers are amazing
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Apr 7, 2020 23:13
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Inner Light posted:Grab it and don't let go Reminds me of the lyrics of one of my favorite songs, from a band that never made it big: "Electric wire fence" She called me over and said to me "I need you to touch this and hold on tight don't let go..."
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Apr 7, 2020 23:14
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Disgusting intraday trading. Also holding an overnight /ES put since it was pretty cheap to bet on market going down tomorrow
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Apr 7, 2020 23:17
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pmchem posted:yeah I'd buy this ... two weeks ago. not sure if I'll buy it when it's actually available to trade.
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Apr 7, 2020 23:19
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Josh Lyman posted:Selling puts made a bunch of money in the mid 2010s. You're referring to what this article is explaining... right? https://www.investopedia.com/articles/optioninvestor/10/sell-puts-benefit-any-market.asp I believe I've only bought to open and sold to close so far, which means it'd be a brave new world to me. A scary world indeed. Side note Investopedia is very useful for a newbie, pretty much the best concise resource out there for beginner-or-intermediate active trading.
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Apr 7, 2020 23:20
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Sepist posted:Disgusting intraday trading. Also holding an overnight /ES put since it was pretty cheap to bet on market going down tomorrow Jesus. I think my blood pressure spiked just looking at that. I'm going to go enjoy a cigar, some frisbee time with the doggo, and a shower beer.
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Apr 7, 2020 23:21
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Sepist posted:Disgusting intraday trading. Also holding an overnight /ES put since it was pretty cheap to bet on market going down tomorrow
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Apr 7, 2020 23:23
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Any good resources to learn more about futures trading? I don't really plan on jumping into it but I'd like to understand it more.
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Apr 7, 2020 23:24
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Thinking about touching this poop again, I lightly traded options for the last year maybe 1-2 contracts a month took it a bit more serious in Feb with airline puts and road that wave bloating my gambling account from 2,000 to 30,000 it's at 15,000 now. I have a lot of house money still, but it's been off the table for a few weeks and it's starting to feel like mine. No I don't expect to ever repeat the gains from February again. My combined retirement + gambling portfolio you can't even tell when the recession happened it's just smoothly going up. What a wild month and a half this has been.
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Apr 7, 2020 23:25
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Josh Lyman posted:I made 7 trades on ES today. 5 of them were winning trades but 2 hosed me hard enough (including 3:50pm) that I ended up -$165 or so on them. Not shown are about 20 /ES trades as well, they clear out. Including riding 3:50PM candle the wrong direction!
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Apr 7, 2020 23:26
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If I had done nothing at all today, I would have ended the day even. Alas, was not the case.
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Apr 7, 2020 23:26
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Inner Light posted:You're referring to what this article is explaining... right? https://www.investopedia.com/articles/optioninvestor/10/sell-puts-benefit-any-market.asp I was talking about when the market is steadily going up, selling OTM puts and collecting premium can be a good way to make money.
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Apr 7, 2020 23:27
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Sepist posted:Not shown are about 20 /ES trades as well, they clear out. Including riding 3:50PM candle the wrong direction!  
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Apr 7, 2020 23:28
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When I search "/ES" in ToS, the only hit is a ticker titled "/ES[M20]" which is currently 2630.50. What does the M20 part mean? I googled but couldn't figure it out. The title is just normal, E-mini SP500 Index Futures ETH (not sure what ETH means either, instead of ETF). Lots of cryptic as hell things in ToS, it's like the Matrix except the more you decode it the more money you lose.
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Apr 7, 2020 23:32
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Inner Light posted:When I search "/ES" in ToS, the only hit is a ticker titled "/ES[M20]" which is currently 2630.50. What does the M20 part mean? I googled but couldn't figure it out. The title is just normal, E-mini SP500 Index Futures ETH (not sure what ETH means either, instead of ETF). M20 is the June (M) 2020 contract. ETH = Extended Trading Hours E: Mar, Jun, Sep, Dec (H, M, U, Z). When this contract ends in June the next one will be ESU20 Sepist fucked around with this message at 23:36 on Apr 7, 2020 |
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Apr 7, 2020 23:33
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Sepist posted:M20 is the June (M) 2020 contract This should be the thread title tbh because it perfectly sums up how the industry makes this poo poo confusing to outsiders.
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Apr 7, 2020 23:34
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Dammit thanks, even putting -ethereum in my ETH googling I was flooded by crypto results.pixaal posted:Thinking about touching this poop again, I lightly traded options for the last year maybe 1-2 contracts a month took it a bit more serious in Feb with airline puts and road that wave bloating my gambling account from 2,000 to 30,000 it's at 15,000 now. I have a lot of house money still, but it's been off the table for a few weeks and it's starting to feel like mine. Nice job. My WSB addicted friend got lucky with last month's puts and drew me into active trading, after I had stayed out for a long time. My uninformed opinion, I believe what we saw last month was a generational swing and it'll be very difficult if not impossible to see those types of gains again. It was almost predictable, although I failed to predict it and wasn't involved in trading during the major down swing. Inner Light fucked around with this message at 23:43 on Apr 7, 2020 |
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Apr 7, 2020 23:37
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The Dark Project posted:Anyone know any interesting buys for the Australian stock market? My friend is looking to invest and hasn't got a clue, and neither do I. It depends on what your timeframe is. If you're buying to hold for a few years, Qantas shares got smashed but is in a pretty good position to weather this next year or so they're probably decent value at the moment. WBC and NAB are fairly cheap and along with the other two banks are unlikely to be allowed to fail so they're probably safe bets. If it's a short term investment I have no idea. My gut tells me this is just a bull trap though and I think the market has a bit further to fall which is why I have held off stocking up on cheap bluechips for the moment. However the market was pretty distorted prior to getting corona-ed due to the ultra low interest rates and is probably going continue being distorted so I could be way off here and have already missed the bottom.
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Apr 7, 2020 23:44
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VelociBacon posted:This should be the thread title tbh because it perfectly sums up how the industry makes this poo poo confusing to outsiders. It's not that they actively seek to make it confusing, it's that they exist in their own world that's (practically) disconnected from reality and so they started to have to come up with systems and nomenclature to handle their weird fantasy world and at first it kind of made sense but now we're like 100 years in and a thousand layers deep in the fantasy world and each layer only makes sense if you understand all the layers above it. Listen to a programming podcast sometime - it's just as unfathomable to an outsider but it all exists for a reason other than obfuscating things from those outsiders.
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Apr 7, 2020 23:54
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Inner Light posted:Dammit thanks, even putting -ethereum in my ETH googling I was flooded by crypto results. Yeah there's no way to repeat that I hit jackpot, a lot of people did, a lot of people also lost a lot of money it's a zero sum game. I learned the expensive lesson of folding and even leaving the table in poker, I was applying that to the market and doing well, the second I stopped I started hemorrhaging money. I think I'm also done touching SPY that is too general. My biggest gains have been with individual companies. I just wanna make like 4-6% a year playing options seems like a reasonable goal during a normal market. I know most people lose money on them, but most people lose money on poker too both are zero sum player vs player games.
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Apr 7, 2020 23:54
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They’re both worse than zero sum: the house always wins via transaction costs.
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Apr 8, 2020 00:11
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pmchem posted:They’re both worse than zero sum: the house always wins via transaction costs. Yes the house does take a rake, but there are players that consistently win, it's a grind to consistently win and can take the fun out of it. Safe betting isn't fun it's a job.
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Apr 8, 2020 00:16
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Josh Lyman posted:Selling puts made a bunch of money in the mid 2010s. Sooo the 9 years in between was...?
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Apr 8, 2020 00:23
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VelociBacon posted:This should be the thread title tbh because it perfectly sums up how the industry makes this poo poo confusing to outsiders. I mean what the loving gently caress, I looked up the symbols for the months and this: https://www.mrci.com/web/online-explanation-pages/symbols-a-codes.html
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Apr 8, 2020 00:32
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pixaal posted:Yes the house does take a rake, but there are players that consistently win, it's a grind to consistently win and can take the fun out of it. Safe betting isn't fun it's a job. zero sum means that you consistently win by stealing old peeps pensions
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Apr 8, 2020 00:36
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moana posted:I remember when I first learned what a "basis point" was.. severely disillusioned. Yes gently caress anything about trying to learn to use this poo poo. It's like they realize they wont be worth as much if more people figure out how easy it is to buy an index fund and hold it for 30 years. I know it's the wrong thread, but that thread is the group I'm talking about, they are the ones that are going to make mistakes because they don't need nor want to learn all these terms just to understand where to put money.
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Apr 8, 2020 00:37
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bob dobbs is dead posted:zero sum means that you consistently win by stealing old peeps pensions Pensions
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Apr 8, 2020 00:37
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pixaal posted:Pensions they buy poo poo hedge funds, the poo poo hedge funds write options
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Apr 8, 2020 00:42
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if you see an outrageously lovely hedge fund, they prolly specialize in selling to hnw people and clueless pension funds its why calpers is hosed, among other things, for example
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Apr 8, 2020 00:43
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latinotwink1997 posted:How boring is trading options when you don’t have an economic collapse to really get the numbers moving a lot? There's a reason all the options trading videos and advice website talk about a few hundred dollars in and 2% profits. Repeatedly making 172%+ returns on $1400 worth of puts or calls is loving bananas.
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Apr 8, 2020 00:46
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pixaal posted:Yeah there's no way to repeat that I hit jackpot, a lot of people did, a lot of people also lost a lot of money it's a zero sum game. I learned the expensive lesson of folding and even leaving the table in poker, I was applying that to the market and doing well, the second I stopped I started hemorrhaging money. I think I'm also done touching SPY that is too general. My biggest gains have been with individual companies. I just wanna make like 4-6% a year playing options seems like a reasonable goal during a normal market. I know most people lose money on them, but most people lose money on poker too both are zero sum player vs player games. *Raises Hand* yeah, made a lot of money the first weeks of march, and then proceeded to lose half of it on the first +20% rally up, and the other half this week. I'm slightly in the red now, but a bit less stupid, I hope.
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Apr 8, 2020 00:51
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And DIS is going down finally https://www.marketwatch.com/story/d...ist_latest_news Disney downgraded as analyst says parks attendance could take 2 years to 'normalize' I really thought it was going to take earnings for that to happen.
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Apr 8, 2020 01:10
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DIS Down a dollar AH
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Apr 8, 2020 01:13
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pixaal posted:And DIS is going down finally I'll shave my head if my Disney puts end up making me go back in the green. Fat chance with $90p and $75p lmao
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Apr 8, 2020 01:17
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How are folks thinking through the companies that may have a more V-shaped bounce back than others? I'm personally half-tempted to load up on DAL, on the premise that business travel will pick back up faster than other stocks that are more dependent on middle-class/disposable income consumer spending (thinking here about SBUX for example).
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Apr 8, 2020 01:30
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Is there a good website to see all currently existing limit orders (buy and sell) for SPY? Or at least the vast majority of them? I'd like to see standing order volumes to get a sense of the strength at different limits.
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Apr 8, 2020 02:02
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java posted:I'm personally half-tempted to load up on DAL, on the premise that business travel will pick back up faster than other stocks that are more dependent on middle-class/disposable income consumer spending (thinking here about SBUX for example). https://markets.businessinsider.com/news/stocks/delta-stock-plunges-warren-buffett-berkshire-hathaway-slash-stake-airlines-2020-4-1029068065 Warren Buffet is hardly infallible, but I thought I'd share this in case you'd not seen it.
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Apr 8, 2020 02:08
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