Chat Archive – 8/21/2020

August 21, 2020

Anya  12:45 AM EDT uploaded this image: image.png
@igor if this was not the best buy signal ever then I don’t know what else is. Once I got a buy trigger there has not been even an iota of weakness. My youngest son has shares in his IRA

    

  2  
↪︎Anya  12:46 AM EDT
My scan picked this up and because options are very thin and it was for my son’s IRA I decided to just buy shares. A true honey badger stock that has not cared what the market does
↪︎Donny Polson  1:48 AM EDT
Funny was just looking at this stock
↪︎Ray Dmellow  6:46 AM EDT
LOGI triggered my Algo months ago but sadly didn’t start a long position cos it was a short signal back then lol

Mo  5:03 AM EDT
TSLA 2042 premarket. Wowzas…me so happy. lol
    

  4  

Leo  5:06 AM EDT uploaded this image: Image from iOS
Went on a hike to celebrate but ended up in the ER with a shattered ankle . Atleast Im back home in time to close out my butterflies expiring today….

↪︎
Mo 5:07 AM EDT
Yoikes….goodluck on recovery. Hopefully the TSLA butterflies help with the hospital bills. lol
↪︎
Leo 5:11 AM EDT
I’m coming off ketamine from when they put my ankle into a splint , so I feel good. I hope friday is another good day of trading!
↪︎
Leo 5:12 AM EDT uploaded this image: Image from iOS

↪︎
Leo 5:12 AM EDT
Rocco will keep me company lol!
↪︎
Alan Stevens 5:20 AM EDT
Ouch. Maybe the market will be good to you today lol
↪︎
Igor 6:27 AM EDT
Ouch, get well soon!
↪︎
Ray Dmellow 6:45 AM EDT
Ouch! Feel better bro. Have the dog monitor your position today lol
↪︎
Sanjeev Goyal 7:59 AM EDT
Get well soon.
↪︎
Jeff Powers 8:27 AM EDT
Oh no….not good about the ankle. I see a knee scooter in your future.
↪︎
Rakesh 8:51 AM EDT
get well soon
↪︎
Joshua Boyer 9:26 AM EDT
Praying for quick healing!

Ernest Peterson  5:11 AM EDT
Get well!! You can buy plenty of scotch, to ease your pain, with your butterfly proceeds. Lol
    

  3       

  1  

Ray Dmellow  6:47 AM EDT
Aug 21st At the all time at 339.08 spy was at the 2.5 resistance level, an overbought level, when that happens long puts are better odds then long calls. at the low at 218.26 spy was at the support 4 level, very oversold when that happens long calls are better odds. at 323.41 the recent high on june 8th spy was at the resistance 1.5 level, the upward momentum stalled there and spy started to drop, spy is now retesting 339.08, spy topped out at 339.10 spy weekly is in an uptrend and monthly chart is in a trading range (period of random fluctuation). spy daily chart is in a uptrend. vix over 22 is a bear market. today vix is 22.70 Elliot wave: Spy was in a 3 wave corrective up: a-b-c that is the 3 in the A-B-C 5-3-5 corrective down, the top of c was 323.41 jun 8th now spy is retesting that high. spy topped out at 339.10 . 339.10 may have been the top of c and leg C down has begun. Leg C down is historically about 161.8% of A, A was about 120 points x 161.8% = 194, if the top of c was 339.10 – 194 = 145, so the bottom of C might be around 145. The 323.41 top of c is being retested now. spy topped out at 339.10. 339.10 may have been the top of c and leg C down can begin. Fibonacci: spy has done a 100% retracement of the selloff, it will either retrace or make an extension now. thursday’s spy market facilitation index was a fake stopping out shorts and trapping longs spy weekly chart: market facilitation index was a squat indicating a breakout coming spy monthly chart: market facilitation index was a fake stopping out shorts and trapping longs daily fibonacci time zones show turning points on jun 18, jun 25, jul 7, jul 24, aug 24, oct 9, dec 28, weekly fibonacci time zones show turning points on jul 13, aug 3, sept 7, nov 2, feb 1, spy weekly and monthly charts are above the pivot at 299.66 the daily chart is above the pivot at 320.94 Spy on daily chart closed below it’s pivot feb 24th then crashed to 218.26, spy closed above it’s pivot on apr 6th and rose to 329.62 aug 3rd, the august pivot is 320.94, a move below that means momentum down. spy had a golden cross july 10th trin over 2.0 is panic selling. above 1.0 bearish, below 1.0 bullish. monday trin high was 1.78 more isolated lows: (sell signals in downtrend, resistance in uptrend) 319.25, 310.68, 307.13, 306.53, 298.93, 296.74, 285.54, 279.13, 272.99, 272.02, 243.67, 233.76, 218.26 some isolated highs: (buy signals in uptrend, support in downtrend)338.28, 323.41, 317.68, 313.84, 294.88, 263.33, 251.40, these isolated lows and highs are very important levels, they are buy, sell triggers and where the trend changes.
↪︎
Andrew Opara 6:50 AM EDT
Great read. Quick question, I’m suspecting we might have a big pull back again when the NASDAQ reaches the 161.8 Extension for a correction

2
↪︎
Ray Dmellow 6:50 AM EDT
This is from an advanced traders group I’m in. Just some extra information

2
↪︎
Ray Dmellow 6:51 AM EDT
Yeah NQ could pullback a bit and get ready for next leg higher. Will need to check the smart money flow to see how they’re positioned today and going into next week
↪︎
Andrew Opara 6:51 AM EDT
Gotcha
↪︎
Ray Dmellow 6:52 AM EDT
I’m no expert I just follow smart people
↪︎
Ray Dmellow 6:52 AM EDT
Key is to stay nimble. Cash is a position also lol
↪︎
Peter Toth 6:55 AM EDT
thank you for your post
↪︎
Andrew Opara 6:56 AM EDT
Education is key. I have been reading and trying to gain more knowledge to become a better trader than I am now and manage my emotions better lol
↪︎
Sanjeev Goyal 8:14 AM EDT
Thank you for sharing. I have gone thru it but also saved it for the weekend to go thru it in more detail. Need time to understand this fully. Appreciate it.

1

Ray Dmellow  7:08 AM EDT
AMZN 3600 coming ! Anya gonna be swimming in scotch pretty soon lol

1
↪︎
Brent Willoughby 8:46 AM EDT
Hopefully they will be the next split!

Ray Dmellow  7:58 AM EDT
Price to Earnings Ratios… Tesla: 1038x Amazon: 127x Netflix: 84x Microsoft: 37x Apple: 36x Google: 35x Facebook: 33x Data via @ycharts Insane, is an understatement
    

  5  

Manoj Chandhok  8:28 AM EDT
TSla added strikes every $5 from 2000 to 2200 FUN FUN FUN!! (Not verified but someone posted this in another group)
↪︎
Brent Willoughby 8:29 AM EDT
They are there, I just checked
↪︎
Manoj Chandhok 8:30 AM EDT
Great

Anya  8:38 AM EDT uploaded this image: image.png
50 dollar target hit for trading mini futures, should I go for the daily double with the stop at 51 gain

    

  4       

  1  

Wayne Parker  8:42 AM EDT
@anish_sheth GM and of course way to go!!..lets start the $5K challenge..:):)..looking forward to trading the futures with you:):)…you are the best:)
Dont get grteedy:):)..LOL
greedy(sp)…I need more coffee…LOL

Anya  8:52 AM EDT uploaded this image: image.png
Daily double.

    

  2       

  1  

Andrew Opara  8:53 AM EDT
Damn DOW, NQ, SPX all red

Wayne Parker  8:55 AM EDT
@anish_sheth and you are tradng the “micros”…very nice!!!

Anya  8:57 AM EDT
@wparker57 aim is to make 50 dollars a trade 2 or 3 trades a day. 1 or 2 contracts, that’s it
↪︎
Sanjeev Goyal 9:21 AM EDT
sign me up please. double this every day and I could quit my day job.
↪︎
Sanjeev Goyal 9:22 AM EDT
almost. My wife might not agree
↪︎
Sanjeev Goyal 9:22 AM EDT
nevermind. actually I need at least tripple that to quit my day job.

Wayne Parker  8:58 AM EDT
@anish_sheth I am with you on that 100%..agree with you totally…that is $250 a week….$1,000 a month…very very nice return, my friend:)

Ernest Peterson  8:59 AM EDT
Can you trade the micros in an IRA at TDA?

Anya  8:59 AM EDT
yes

Ernest Peterson  9:00 AM EDT
thank you

Wayne Parker  9:00 AM EDT
I need more coffee…,make that $100 a day on 2 trades:)

Anya  9:01 AM EDT
as long as you have approval and the money to buy, 2200 per contract in margin for /MNQ
    

  5  
Between 8 and 8:30 is no trade in futures time. I am out at 105.5 gain
↪︎
Ketsarin Kayak 9:03 AM EDT
Do you have any recommend where should I study first? @anish_sheth
↪︎
Anya 9:19 AM EDT
CME website and YouTube
↪︎
Ketsarin Kayak 9:26 AM EDT
Thank you @anish_sheth
↪︎
Ray Dmellow 9:35 AM EDT
8 and 830 EST ? I heard people wait till cash open to trade and that overnight trading is the best cos it’s very slow lol

Frank Boet  9:10 AM EDT
Good morning family.
Is anyone concerned that TSLA’s MONTHLY RSI(14) is a whopping 89.55, that almost the entire monthly candle is above the upper bollinger band and that the monthly squeeze is already in its 8th bar?

1
↪︎
Raghu Ram 9:48 AM EDT
Anyone dare to short or buy puts on TSLA due to RSI or bollinger bands??

Anya  9:18 AM EDT
TSLA does not care for any bollinger band. Battery day and Split. You don’t fight a rising tide. Swim as much as you can and be ready for that one losing trade

2
↪︎
Peter See 9:23 AM EDT
will there still be more opportunties for tsla butterflies?
↪︎
Sanjeev Goyal 9:24 AM EDT
I like this approach. scaring myself has led me to close my green trades early. Still working on it.
↪︎
Mario 9:27 AM EDT
Which losing trade ??
↪︎
Anya 9:28 AM EDT
Next week butterflies will come fast next Monday or Tuesday
↪︎
Ernest Peterson 9:29 AM EDT
The one thats coming @mchavezx7

Anya  9:21 AM EDT
Butterflies have been the best way to trade TSLA. One cannot just have one dimension and only buy calls all the time. One has to learn to adapt or drown. Who else has made money in TSLA with Butterflies with me?
:man-raising-hand::skin-tone-2:16  
If you don’t do Verticals or Butterflies, you have most probably missed making any money in TSLA. Please learn to adapt and adjust trading strategies based on an individual stock’s character.

Andrew Opara  9:22 AM EDT
@anish_sheth I have an off point question. Please I was researching butterfly’s and the great low risk to high reward it has. I was thinking is it possible or a foolish plan to create a pin for the same day of expiration. Eg. Tesla contract Aug 21. 2050/2100/2150 wide. I was wondering what it’ll be like vs just regular day trading it. What do you think

Anya  9:24 AM EDT
It is a great way to trade as long as you can pick a very realistic mid point. @kelvinopara but the best time to do pinning plays is not Friday but Tuesday or Wednesday
    

  2  

Andrew Opara  9:25 AM EDT
@anish_sheth gotcha. Thanks for the clarification

Nelson Ng  9:28 AM EDT
@anish_sheth Will there be another Monday TSLA gap up play?

Anya  9:29 AM EDT
I have already posted that one @nel1215

Mario  9:29 AM EDT
Any plan for our 8/28 BF?? 1950/2000/2050

Anya  9:30 AM EDT
Sell it @mchavezx7
↪︎
Mario 9:36 AM EDT
Tks @anish_sheth

Peter See  9:31 AM EDT
oh ya @anish_sheth, you mentioned you will be letting us know of another stock that do gap up on monday today?

Jon Saputo  9:32 AM EDT
Anyone still holding the 8/21 TSLA BF 1950/2000/2050?

Ravi  9:33 AM EDT
TOS down?

Alex D  9:33 AM EDT
no…

Frank Boet  9:34 AM EDT
RKT is close to breaking above resistance
    

  2  

Nelson Ng  9:38 AM EDT
AAPL

Kean  9:39 AM EDT
Me @jonsaputo
↪︎
Jon Saputo 9:41 AM EDT
What are you thoughts? Holding a few hours?
↪︎
Kean 9:41 AM EDT
I think I will just wait for Anya call out

Srikhu  9:41 AM EDT
One of my TSLA butterfly showing -ve 500% is this a glitch , max I lose is my debit amt I paid ? @anish_sheth @igor?
↪︎
Andrew Opara 9:48 AM EDT
Mine too. But it’s the one for next Friday not today right

Anya  9:43 AM EDT
don’t listen to the negative people in TSLA. This one is a winner. One losing trade and we can stop but until then why the hell not make money that is there for the taking @igor Bollinger bands my foot
    

  4       

  1  

Joshua Boyer  9:44 AM EDT
Anyone doing any new TSLA trades today?

Ray Dmellow  9:44 AM EDT uploaded this image: Screenshot_20200821-094405.png

    

  4       

  2       

  1  
Not tsla but ill take it lol
Course my tsla shares are up bigly also

Shibashis Bal  9:48 AM EDT
good morning @everybody

craig silver  9:49 AM EDT
I like WMT and PFE here picked up Oct 16 calls in both
↪︎
Sanjeev Goyal 9:52 AM EDT
I have wmt for 9/18

1
↪︎
Sanjeev Goyal 9:54 AM EDT
just bought 1 PFE for 9/18 as well. Looks good on the daily chart
↪︎
Sanjeev Goyal 10:00 AM EDT
what’s the decision process for choosing Oct 16th?
↪︎
Sanjeev Goyal 10:00 AM EDT
just want to learn

Joshua Boyer  9:50 AM EDT
How can an option strike have volume and no open interest?
↪︎
Jon Saputo 9:55 AM EDT
could be a brand new option

Alex D  9:51 AM EDT
no daily volume?

Joshua Boyer  9:51 AM EDT
There is volume

Hasan Haas  9:51 AM EDT
@anish_sheth you do believe the Monday gap up will continue?

Joshua Boyer  9:51 AM EDT
But the Open Int is 0

Terry Brackenbury  9:51 AM EDT
The strike could be offered for the first time or nobody has every bought it before.

craig silver  9:52 AM EDT
MDLZ is firing the squeeze on Weekly, daily, and several smaller timeframes

Terry Brackenbury  9:52 AM EDT
Which one @joshua.d.boyer

Joshua Boyer  9:53 AM EDT
Most of the new strikes for TSLA.

1
↪︎
Hasan Haas 9:54 AM EDT
People already got out and no one has any current open interest i think
↪︎
Joshua Boyer 9:54 AM EDT
Very strange..
↪︎
Jon Saputo 9:55 AM EDT
OI is what is left open from yesterday. These contracts didn’t exist yesterday

Terry Brackenbury  9:54 AM EDT
They are new so never sold before.

Joshua Boyer  9:54 AM EDT
So how is there volume for them?

Terry Brackenbury  9:54 AM EDT
Open interest are the ones that are open and being held
updates overnight i believe

Frank Boet  9:55 AM EDT
Can’t stop Visa
    

  1  

Joshua Boyer  9:55 AM EDT
hmmm… ok. just looks strange I guess

Ray Dmellow  9:55 AM EDT
You won’t have an OI for brand new strike
Volume is there cos all the wsb degens are buying them up
↪︎
Hasan Haas 9:57 AM EDT
Hahah you’re a wsb admit it
↪︎
Ray Dmellow 9:57 AM EDT
Who me ? No way
↪︎
Hasan Haas 9:57 AM EDT
Lol

craig silver  9:56 AM EDT
DKNG looks ready to run jumped into Sep 18 $35c

Ray Dmellow  9:56 AM EDT
OI updates overnight but I betcha they’re all gonna daytrade them and sell off before close so it might still show 0 lol

Joshua Boyer  9:56 AM EDT
Got it.. thanks guys

Ray Dmellow  9:56 AM EDT
Inverse wsb and profit. whatever strikes they’re buying up offer to sell to them

Tony Nguyen  9:57 AM EDT uploaded this image: image.png
Price action for $DKNG since August 10

    

  1  
It’s bounced off the bottom trend line on the 1H for the 5th time this morning. Noob charter but having fun learning

Joshua Boyer  10:01 AM EDT
NVDA, go baby go!

Myung Kim  10:03 AM EDT
Does anyone close butterfly order in TD mobile app?
↪︎
Bryan Kemper 10:09 AM EDT
Click on the position that you want to close. Then select “Close position”, a box will open with possible combinations. Select Sell Butterfly, then close. A sell order for the butterfly will open.
↪︎
Myung Kim 10:11 AM EDT
I dont see butterfly option and I used 2 verticall to make butterfly order
↪︎
Bryan Kemper 10:13 AM EDT
Short strikes are the same for both verticals?
↪︎
Myung Kim 10:14 AM EDT uploaded this image: Screenshot_20200821-091302_TD Ameritrade Mobile.jpg

↪︎
Myung Kim 10:15 AM EDT
can order only this and order 2000 separately, but keep canceling my order
↪︎
Bryan Kemper 1:54 PM EDT
Were you able to get this closed?
↪︎
Myung Kim 1:55 PM EDT
I did it on TOS from PC and cannot do it on mobile app
↪︎
Bryan Kemper 1:56 PM EDT
TD mobile app or the thinkorswim app? They have three different apps. I have no issues with thinkorswim
↪︎
Myung Kim 1:57 PM EDT
td mobile app
↪︎
Bryan Kemper 2:14 PM EDT
Try thinkorswim app
↪︎
Myung Kim 2:16 PM EDT
td and thinkorswim are different app but use same account?
↪︎
Bryan Kemper 2:35 PM EDT
Yes

Andrew Rogers  10:04 AM EDT
I do all the time
↪︎
Myung Kim 10:05 AM EDT
could you tell me how to do that? cuz I have difficult time to close butterfly order for 8/28 tsla 1950/2000/2050?
↪︎
Myung Kim 10:06 AM EDT
tried to sell 1950/2050 together and two 2000, but it keep canceling my order from system

Andrew Rogers  10:04 AM EDT
Click on all three and then go to Close Position. Then there will be options. Pick the one that describes the FULL butterfly. It’s usually the top option.
↪︎
Myung Kim 10:07 AM EDT
how do u select all three together?
↪︎
Andrew Rogers 10:08 AM EDT
You should have a down arrow by the underlying stock where you can see all the legs. Then you mark all three legs
↪︎
Andrew Rogers 10:08 AM EDT
If you can’t find that, I’ll send you a pic. I have a spread out I can grab that will at least show it.
↪︎
Myung Kim 10:08 AM EDT
in mobile app?
↪︎
Andrew Rogers 10:13 AM EDT
Omg I’m so sorry! I thought you said TOS! My error
↪︎
Myung Kim 10:16 AM EDT
it’s okay

Prijesh Bhaskar  10:05 AM EDT
time for a butterfly for next week (TSLA )on this pullback ?
↪︎
Shibashis Bal 10:08 AM EDT
what pullback?
↪︎
Anya 10:10 AM EDT
I just did it @iprijesh it is up to you to now take that risk
↪︎
Anya 10:11 AM EDT
Only do it if you can afford to lose 1200 dollars. Don’t do a 20 wide or less in TSLA. That would be like burning your money
↪︎
sheribrodie 10:24 AM EDT
@anish_sheth I did 2150/220/2250 for $3.00 Aug 28th

Srinath  10:08 AM EDT
Anyone trading or holding OXY?
This stock is gng down 2% daily
↪︎
Ankur Sharma 10:12 AM EDT
I am in a leap call which was opened way back and it is a POS. Expires Jan 21.

rajesh jha  10:09 AM EDT
i have been so busy with work last couple of days and am going to be busy for the next couple of weeks. I had reduced my exposure a lot as i can’t actively trade. Getting major FOMO seeing everyone mint money here
↪︎
anand nagappan 11:10 AM EDT
@carterjha , don’t you work for Apple ? Rest assured AAPL will take care of you my friendship
↪︎
rajesh jha 2:13 PM EDT
haha. that’s true. Next couple of weeks are going to be crazy for us

Lewis Jacobs  10:10 AM EDT
CHWY has been good to me

Scott Williams  10:12 AM EDT
GLD again @anish_sheth ?
↪︎
Anya 10:12 AM EDT
Yes, on any pullback GLD is a buy for the loner term

1
↪︎
Manoj Chandhok 10:19 AM EDT
I have 190/200 call spread on GLD for Oct..can I add more to it @anish_sheth?
↪︎
Scott Williams 10:20 AM EDT
I’m at 6 contracts but that’s less than 5% of my portfolio

Igor Veksler  10:15 AM EDT
Should have never sold NIO yesterday :man-facepalming::skin-tone-2:
↪︎
Lewis Jacobs 10:17 AM EDT
@iveksler3110 for what its worth, I did the same. I had a credit spread and didn’t like the way it was dropping.
↪︎
Igor Veksler 10:17 AM EDT
Yeah I hear you, I’ve been taking L’s for a month now it feels like.
↪︎
Sanjeev Goyal 10:18 AM EDT
I did that with WORK 2 days ago

Scott Williams  10:20 AM EDT replied to a thread: GLD again @anish_sheth ?>
I’m at 6 contracts but that’s less than 5% of my portfolio

Sanjeev Goyal  10:21 AM EDT
Bought 2 options for RKT off of the 2 min chart expiring for today. Just closed it for 100% gain. not entering anymore trades today. going to wait for a few to close 1st.

Jim  10:23 AM EDT
Got a RKT today and closed 165 percent gain
    

  2  

Donny Polson  10:24 AM EDT
Bought my rkt leaps

2
↪︎
Manuel Mata Rueda 10:25 AM EDT
Which one?
↪︎
Jim 10:25 AM EDT
I’m interested too. I like rkt
↪︎
Donny Polson 10:26 AM EDT
I did a diagonal
↪︎
Donny Polson 10:26 AM EDT
Bought the 19 March 2021 25 call
↪︎
Donny Polson 10:26 AM EDT
Sold the September 18 30 call
↪︎
Donny Polson 10:26 AM EDT
If it doesn’t close above 30 by end of September I’ll just keep selling the next month call to find my leap
↪︎
Manuel Mata Rueda 10:26 AM EDT
I made one shorter Oct 24 Call / Sep 28 Call
↪︎
Donny Polson 10:27 AM EDT
Sounds good

Donny Polson  10:28 AM EDT
Thoughts on OLLI? Upcoming earnings and looks like it wants to breakout

Joshua Boyer  10:30 AM EDT
AAPL on a tear as well

LHOUSSAIN OUGAYOUR  10:32 AM EDT
Uoa just 5 minutes ago: 9,500 September 26 calls mostly bought for 2.80 to 3.65 above open interest of 1,140 contracts
On $RKT

Nicholas May  10:32 AM EDT
FB wants to run today

Andrew Opara  10:33 AM EDT
Anybody day trading tesla

Shibashis Bal  10:33 AM EDT
can someone tell me the pcall ratio, please?
↪︎
Jon Saputo 10:35 AM EDT
0.56

Manoj Chandhok  10:34 AM EDT
MSFT AAPL FB

    

  1  

LHOUSSAIN OUGAYOUR  10:35 AM EDT
*(US) JULY EXISTING HOME SALES: 5.86M V 5.41ME (2nd straight highest monthly gain on record) – Prior month revised lower from 4.72M to 4.70M

Nicholas May  10:37 AM EDT
BABA got a nice run finally from a price target boost

Parth Shah  10:41 AM EDT
AMZN not participating so far today. Probably waiting for gap up Monday…!!

Ray Dmellow  10:42 AM EDT
Amzn always sells off Friday at open.
↪︎
Anya 10:46 AM EDT
Actually it is exactly the opposite. AMZN always sells off towards the close and goes up in the morning. @puggalr based on the last many, many Fridays. In fact that is one of my bread and butter trades I do almost every week

1
↪︎
Parth Shah 10:54 AM EDT
@anish_sheth So it looks like today AMZN is behaving the opposite of how it behaves on a friday typically..
↪︎
Anya 10:56 AM EDT
How do you know if does not close lower then right now @parth007
↪︎
Parth Shah 10:56 AM EDT
@anish_sheth I should have added the words “So far”
↪︎
Hossam Habib 1:37 PM EDT
@anish_sheth do you usually post this AMZN Friday end of day today if it happen? i tried couple of times to time is and been an end of week misery for me

Ray Dmellow  10:42 AM EDT
Wait till 11 am it should turn around
    

  1  

Donny Polson  10:43 AM EDT
Can we see spot breakout?

mzhenya2003  10:43 AM EDT
@anish_sheth is it any alternative to buy an option, not butterfly? for AMZN

Anya  10:44 AM EDT
Vertical call spread, whatever you can afford as close to the money as possible. @mzhenya2003
    

  1  
Like 3290 – 3310 for example for next week

Donny Polson  10:46 AM EDT
Zm 15 min looks bullish

Anya  10:47 AM EDT
ZM, everything looks bullish into earnings for a run up

1
↪︎
Yia Her 10:50 AM EDT
Can you recommend a trade on zm? Or is it too late to place a trade on this.

Ray Dmellow  10:48 AM EDT
TDOC , LVGO , TSLA , AAPL !
Wild Friday

Amzn needs to wake up and get it together

Andrew Opara  10:49 AM EDT
Scalping Tesla.. TD gave me unlimited Daytrade since I’m gonna get dinged with PDT anyway on Monday so might as well use em all today lol

Donny Polson  10:50 AM EDT
AAPL wow!
Ebay moving toward 60

Parth Shah  10:51 AM EDT
AAPL is a beast

Raul Choudhary  10:52 AM EDT
Missed AAPL was holding the 485 call bought it at $1,66
and sold it early

Srinath  10:52 AM EDT
Oh man

Ernest Peterson  10:52 AM EDT
Question abut Tesla split. You have to buy today to get split? What happens if you buy next week? Say you buy 1 share next week for 2000, the following week its worth 1/5? @igor @anish_sheth

Anya  10:53 AM EDT
The split record date is not today

Ray Dmellow  10:53 AM EDT
Up 14k on my AAPL stock. No options. Could have probably made the same with a few calls lol
    

  1  

Mo  10:53 AM EDT
Slept through alarm and woke to my TSLA, NVDA, TDOC all up. sweetness

Raul Choudhary  10:54 AM EDT
any plays on NVDA ?
    

  1  

Lewis Jacobs  10:55 AM EDT
AAPL !

Ray Dmellow  10:55 AM EDT
Amzn making another U turn lol let’s go

Igor  10:55 AM EDT
NVDA looks great. With that said, I’d rather buy it on a pullback to 10/20 moving average https://www.tradingview.com/x/owXtcMdz/

Andrew Rogers  10:55 AM EDT
Tsla should plummet Monday to where you wouldn’t buy one at $2k though, correct? They should ideally be worth way less considering the dividend of shares has already been claimed. Much like a stock being marked down on the ex dividend date.

Raul Choudhary  10:56 AM EDT
missed BABA too was holding a $262.50 call sold early

Ray Dmellow  10:56 AM EDT
Whats a pullback ? Is that when the printer is down for maintenance and the whales can actually sell lol

Donny Polson  10:56 AM EDT
AAPL lmao!

Raul Choudhary  10:56 AM EDT
NVDA $500 mark ?

Igor  10:56 AM EDT
AAPL going for 500 pin today
NVDA going for 500 pin
if you have any stocks that arent going to 500, delete them

4
↪︎
Mario 11:01 AM EDT
Should I need to delete Nflx

Raul Choudhary  10:56 AM EDT
I have NVDA $500 call

Anya  10:56 AM EDT
Too late to do any ZM trades now. ZM has earnings on Monday

1
↪︎
Yia Her 10:57 AM EDT
I thought earning were 8/31
↪︎
LHOUSSAIN OUGAYOUR 10:59 AM EDT
yes After Close
↪︎
Srinath 11:04 AM EDT
Earnings is on 8/31 rt?

Ray Dmellow  10:57 AM EDT
What about if you own zm stock ? Think it’s ok to hold through earnings
I might grab a few puts just in case

Raul Choudhary  10:57 AM EDT
any plays on AAPL ?

Ray Dmellow  10:58 AM EDT
Say 8/31 for earnings

Igor  10:58 AM EDT
100% risk in AAPL pin play for today – 490/500/510 call fly
Full risk means dont expect anything back if AAPL is below 490 or above 510

Anya  10:58 AM EDT
I am now getting very afraid. Not one of you seems worried and wants to hedge or take profits. This never ends well in my honest and humble opinion. Everyone just wants to buy, buy, buy

2
↪︎
Lewis Jacobs 11:04 AM EDT
Agreed @anish_sheth. I’ve been wanting to learn more about hedging with Delta and trying to bring Theta close to 0 if not a positive number. I try to hedge when possible. I like the SPX hedge you suggested awhile back.

Ray Dmellow  10:59 AM EDT
Sell when others are buying and vice versa ?

Raul Choudhary  10:59 AM EDT
took profits to early
kind of scalped it, but missed the run up

Andrew Rogers  10:59 AM EDT
I’ve been taking profits too early all week and am totally happy with it. I’m conservative and don’t want to get wrecked by a bad day. It’s coming I personally believe

Ray Dmellow  10:59 AM EDT
Hedging isn’t something one can do correctly anywya without causing a major drag on the portfolo it’s better to lock in profits as retail

craig silver  11:00 AM EDT
NEE and ABT have bullish stacked MAs and is squeezing on multiple time frames

Andrew Rogers  11:00 AM EDT
I’ve scalped more than usual lately

Jon Saputo  11:00 AM EDT
This is a great market for scalping

Ray Dmellow  11:00 AM EDT
Learn how to scale out of positions so you never feel like you took profits early
    

  1       

  1  
Always leave a few runners to make ya proud
I’ve had my runners go well over a 1000% at.tkmes

Andrew Rogers  11:01 AM EDT
I just really don’t comprehend how this continues… the market fundamentally shouldn’t be where it is.
    

  1  

Ray Dmellow  11:01 AM EDT
Doesn’t matter what you or anyone thinks lol the market doesn’t work on fundamentals sorry
It’s all fed induced pumps
    

  5  
Course I’m oversimplified it but you get what I mean
Enjoy the ride don’t complain about it lol cos tomorrow when the feds pull the plug it’s gonna be bad lol

Raul Choudhary  11:03 AM EDT
let’s see what happens on the 27 and 28th

Andrew Rogers  11:03 AM EDT
No I agree. I’ve said for a while that at some point the fed has to stop then will have to liquidate. It will cause a strain when the market will already be scary due to the election. I’m not complaining… just saying that I think it’s dumb. Lol
    

  2       

  1  

Mario  11:03 AM EDT
@igor as we will know when ER beat the price always big drop!! So assume ZM beat it with good earning but pride huge drop , any ZM BF put play for lotto ??

1
↪︎
Igor 11:06 AM EDT
that’s a great question. Let’s assume you’re correct about the move after earnings. ZM is at 289. If you’re playing a directional butterfly, you want to put the short strikes at the price level where you think the stock is going to and set the wings where your cost of the trade is 1/5th of the width of the wings
↪︎
Mario 11:12 AM EDT
Example ?? Let assume ER beat it but price surge 10% vs price drop 15% what u will do for this ? I just wanna learn the way u trade with ur thought and strategy!

Alex D  11:03 AM EDT
RUN is firing starting the squeeze on 39m

Raul Choudhary  11:04 AM EDT
NVDA consolidating

Joshua Boyer  11:06 AM EDT
Watching AAPL for a scalp opportunity

Raul Choudhary  11:06 AM EDT
495 call ?

Joshua Boyer  11:06 AM EDT
Didn’t make any money on TSLA lol, so I need to make something on AAPL
Yup

Igor  11:06 AM EDT replied to a thread: @igor as we will know when ER beat the price always big drop!! So assume ZM beat it with good earning but pride huge drop , any ZM BF put play for lotto ?? >
that’s a great question. Let’s assume you’re correct about the move after earnings. ZM is at 289. If you’re playing a directional butterfly, you want to put the short strikes at the price level where you think the stock is going to and set the wings where your cost of the trade is 1/5th of the width of the wings

Baron Smith  11:08 AM EDT
XPO doing its morning run lol
    

  1  

Andrew Opara  11:08 AM EDT
We are holding the BF trade 1950/2000/2050 till next week right @anish_sheth

Roger M  11:12 AM EDT
KELYB IS ON CRACK!
↪︎
Jon Saputo 11:14 AM EDT
Are they making vaccines now?? what’s up with it
↪︎
Roger M 11:29 AM EDT
No idea buddy. I just saw the spike and thought it was nuts.

LHOUSSAIN OUGAYOUR  11:15 AM EDT
UOA just 2 min ago : *$WMT Bullish Call Buying* — 22,500 28August 135 calls mostly bought for 0.37 to 1.09 above open interest of 6,330 contracts; 9,500 28August 132 calls mostly bought for 1.08 to 2.45 above open interest of 3,216 contracts.
    

  1  

Donny Polson  11:16 AM EDT
Ebay

Scott Williams  11:19 AM EDT
Shll is on fire

Manoj Chandhok  11:21 AM EDT
Will tsla pin at 2100 today?
↪︎
Andrew Opara 11:26 AM EDT
Following

Raul Choudhary  11:22 AM EDT
NVDA coming up

Igor  11:22 AM EDT
AAPL 500 pin play: 21AUG 490/500/510 CALL BUTTERFLY MID 2.30

1
↪︎
Igor 11:22 AM EDT uploaded this image: image.png

↪︎
Stas Volik 11:32 AM EDT
Got in at $2.55 What would be the profit target? I set up $100 (exit at $3.55) – is it reasonable?
↪︎
Prem Kumar 11:46 AM EDT
In @ 2.2

Donny Polson  11:22 AM EDT
Spot

    

  1  

Raul Choudhary  11:24 AM EDT
NVDA running up
broke 500

LHOUSSAIN OUGAYOUR  11:25 AM EDT
UOA just 3 min ago ” *$MSFT Bullish Call Buying* — 11,000 28August 215 calls mostly bought for 2.66 to 4.25 above open interest of 7,308 contracts; 14,600 28August 220 calls mostly bought for 1.07 to 2.20 above open interest of 7,570. Stock 214.78.
    

  2  

Parth Shah  11:25 AM EDT
AAPL and NVDA keep marching higher
    

  1  

Lewis Jacobs  11:25 AM EDT
Nice daily channel forming on AAPL for the day so far
    

  1  
Bollingers expanding and below upper Vwap
I like the Ichimoku as well

Donny Polson  11:28 AM EDT
Nvda

    

  1  

Roger M  11:29 AM EDT
Thoughts on JD?

Andrew Opara  11:31 AM EDT
Does anybody see a squeeze on TSLA. I’m trading from my phone so I don’t have my indicators
↪︎
Arihant 11:34 AM EDT
I see it in 3mins

Book  11:31 AM EDT
Is gold a good hedge right now?

Raul Choudhary  11:32 AM EDT
Tesla is just moving sideways
AAPL 495 ?

Prijesh Bhaskar  11:38 AM EDT
Waiting for NFLX to break 500 and hit ATH

Brent Willoughby  11:42 AM EDT
Think AAPL will hold this range through the split and continue up? What is typical price behavior with these events. Not that it will apply to this crazy market but I’m curious and only have mobile access right now so can’t really look for myself. Thanks in advance!

Mo  11:43 AM EDT
typically they go down…and good time to buy back in later

craig silver  11:43 AM EDT
BTO MSFT (Weeklys) 28 AUG 20 210 CALL @5.75 LMT, my swing trade on MSFT

Mo  11:43 AM EDT
But with robinhoodies…I’m betting it keeps going up

Raul Choudhary  11:44 AM EDT
Optimistic on AAPL ?
it’s moving sideways currently

Brent Willoughby  11:44 AM EDT
Lol, yeah everything is out the window these days with predictably

Andrew Opara  11:44 AM EDT
I wish Tesla can just behave itself and go to 2100 lol

Raul Choudhary  11:44 AM EDT
pray for tesla
    

  1  

Nelson Ng  11:45 AM EDT
Aapl should keep going up. I think its gone up in the past. Its the reverse splits that go down after the split.
    

  2  

Brent Willoughby  11:47 AM EDT
I’m up 100% on 10 AUG 28 $520 calls. Debating on turning them into a spread to lock in profits and still have upside if it continues up next week.

Raul Choudhary  11:48 AM EDT
monday will open green
so you could hold them
well usually opens green

Brent Willoughby  11:50 AM EDT
I’m still debating. Probably won’t decide until the last hour of trading today. I exited all my TSLA positions earlier.

Andrew Opara  11:51 AM EDT
I exited all my Tesla positions too.. Just looking for a day trade opportunity.

Raul Choudhary  11:52 AM EDT uploaded this image: image.png

Roger M  11:52 AM EDT
I’m letting all my TSLA positions expire

Brent Willoughby  11:52 AM EDT
Up 500% on the week with only a few positions. Feel like I need to breath for a minute lol. I did enter the AMZN butterfly though.

6
↪︎
Bjorn Mistiaen 11:54 AM EDT
500% on your entire account?
↪︎
Brent Willoughby 11:59 AM EDT
Yes, this week has been a good week. TSLA has been incredible!
↪︎
Bjorn Mistiaen 12:00 PM EDT
Which % of your account size do you risk on a trade? Must be huge.
↪︎
Brent Willoughby 12:06 PM EDT
This account had not much to lose. I waited until this week expecting the run up and it happened for me. Normally would not take that kind of risk. Now it’s time to be far more disaplined. This group has been a great learning experience for me. Looking to go slow and be smart. I got a reprieve on some bad decisions. I do not plan on repeating them.
↪︎
Bjorn Mistiaen 12:09 PM EDT
Ok, so basically you went all-in with a small account. Gotcha. I’ve also made my fair share of mistakes along the way. Nowadays, I keep my risk to max 2% of account size on any one trade. Preferably even 1%. I’ve learned the hard way that capital preservation is key in this game.
↪︎
Brent Willoughby 12:12 PM EDT
Exactly, I was down to $2000 so now I can go small and steady. It’s so easy to get over confident and blow up an account. Not looking to do that again…

1

Raul Choudhary  11:52 AM EDT
Telsa 1 min chart

Andrew Opara  11:52 AM EDT
The BF? @roger.moua

Ray Dmellow  11:53 AM EDT
That looks like a heart monitor

why would you look at tsla on a 1 min lol
    

  3  
It’s consolidating wait for breakout after lunch if it does move

Samuel Hernandez  11:53 AM EDT
i completely fudged up tesla
sold my calls last friday

Roger M  11:54 AM EDT
No I missed the butterfly so I added other options yesterday @kelvinopara

Samuel Hernandez  11:54 AM EDT
would of been up 26k rn
instead im almost about to blow my acct up. smh

Raul Choudhary  11:55 AM EDT
AAPL great entry point now ?

Chor Ong  11:57 AM EDT
@igor @anish_sheth With regards to stock split, I checked AAPL history, the prices go down (after taking in to account the split) the next 1 to 3 days after the split date. Then it slowly moves back up. Is that your understanding as well based on your experience? Thinking of whether to sell half of my AAPL & TSLA calls 1 day before split or sell all (as they expire on 4th Sept, might not have enough time to wait until they get back up)
↪︎
Mo 12:00 PM EDT
he has already made comment to buy in 7 to 12 days after split
↪︎
Mo 12:00 PM EDT
sell day before
↪︎
Chor Ong 12:01 PM EDT
Oh thanks. Sorry, I missed that.

Anya  12:03 PM EDT
Looks like TSLA wants to pin at 2050 today. I would be very tight with the 2050/2100/2150 butterflies. They should be still profitable. Don’t be too greedy. Please. Wait for noon max and then sell it please

Jairo Esteban Cuellar  12:08 PM EDT
Whats the plan for azn @fboet1 ?
↪︎
Frank Boet 12:15 PM EDT
I’m still holding AZN. I may buy puts later to make a strangle.

Lewis Jacobs  12:09 PM EDT
What are these moments in the market right now called? Is it a holding pattern of some sort?

Bjorn Mistiaen  12:10 PM EDT
Activity usually slows down during lunch time.
    

  1  

Kapil Duraphe  12:11 PM EDT
NVDA. You beauty!
    

  1  

Joshua Boyer  12:16 PM EDT
We made a good call! haha

Donny Polson  12:17 PM EDT
@igor on the nvda call spread will you hold it or sell a higher call spread to lock in profits?

Mo  12:18 PM EDT
TSLA…when the wins are so good you start twerking because no one is watching. lol

Raul Choudhary  12:18 PM EDT
AAPL coming back up ?

Andrew Opara  12:18 PM EDT
Hoping in and out of Tesla

Donny Polson  12:18 PM EDT
I sold my 1990/2000 TSLA call spread to some luck person for cheap lol
    

  1  

Ray Dmellow  12:18 PM EDT
There’s the post lunch breakout. Elon just had his alive of pizza and burped hard
    

  3  

Joshua Boyer  12:19 PM EDT
I want to.. I hate being the only one to not have made money on TSLA lol

1
↪︎
Baron Smith 12:20 PM EDT
Don’t worry I didn’t make any either except for a small credit spread I sold lol we will make some after the split!
↪︎
Joshua Boyer 12:21 PM EDT
I hope so brother.. The FOMO hurts lol
↪︎
Baron Smith 12:23 PM EDT
It does! I’m ready for Beer:30
↪︎
Joshua Boyer 12:23 PM EDT
No doubt
↪︎
anand nagappan 12:46 PM EDT
I sold my naked call last week for $500 profit, today it’s 50k. I understand how it hurts

1
↪︎
Joshua Boyer 12:47 PM EDT
WOW.. I cannot imagine that. I am so sorry to hear that.

Chor Ong  12:20 PM EDT
It’s funny how CNBC reports on their “stock making the biggest moves” for Tesla. I noticed they gave up finding a reason the past few days and just wrote “Stock has been on a tear since company announced 5 for 1 stock split on Aug 11”

Mo  12:20 PM EDT
I’m liking that PCALL above 0.6

Ray Dmellow  12:20 PM EDT
Up 3k on the latest Anya spread ! Thanks boss

1
↪︎
Parth Shah 12:25 PM EDT
@puggalr What spread are we talking about here.??
↪︎
Ray Dmellow 12:26 PM EDT
2100/2200/2300 I only grabbed the vertical

Ray Dmellow  12:21 PM EDT
Went in a little too hard on it cos I missed a few of the other killer plays

Sold puts expired today also and closed them just now. Another 1.5k weekly income thanks papa Elon. This one going straight towarss the model S !
Amzn looks like it wants to run ! Cmon you can do it

Donny Polson  12:26 PM EDT
What’s aapl pinning today?
↪︎
Mo 12:27 PM EDT
my bet would be around 470
↪︎
Donny Polson 12:28 PM EDT
470?
↪︎
Raul Choudhary 12:30 PM EDT
500

Joshua Boyer  12:28 PM EDT
Dang..

Ray Dmellow  12:28 PM EDT
Tsla yeah baby

Told ya it runs around right after lunch lol
Happens almost every Friday . Grab some cheapies and flip premium

Joshua Boyer  12:29 PM EDT
I tried.. didn’t fill
So I missed the opportunity

Ray Dmellow  12:29 PM EDT
Lol all good man there will be many more opportunities
Friday lottos are the best time to scalp Tesla

Donny Polson  12:30 PM EDT
Tsla over here making people millionaire lol

Joshua Boyer  12:30 PM EDT
lol I think I might be the only one to have lost money on TSLA hahahaha
    

  1  
My butterfly is down..

Andrew Opara  12:30 PM EDT
I scalped Friday lottos. Up 3k on day trades
    

  2  

Joshua Boyer  12:30 PM EDT
sell order never filled

Kapil Duraphe  12:30 PM EDT
Any scalping trades?
I’m looking for some. 60% cash today

Andrew Opara  12:30 PM EDT
I’m doing Tesla

Kapil Duraphe  12:30 PM EDT
RKt seems good
I bought logi too

Andrew Opara  12:31 PM EDT
I’m gonna get hit with PDT Monday but I don’t care lol
↪︎
Donny Polson 12:32 PM EDT
Congrats bro
↪︎
Andrew Opara 12:41 PM EDT
Thanks brother

Ray Dmellow  12:31 PM EDT
Lol won’t matter cos you will probably be over 25k right
Get a cash account
No pdt

Andrew Opara  12:32 PM EDT
No I’m at 16k now. Went from 2k to 16k within my 3 weeks of being a member of this group

8
7
7
↪︎
anand nagappan 12:48 PM EDT
I should follow your trades @andrewmcclimont

Ray Dmellow  12:32 PM EDT
Nice

Joshua Boyer  12:32 PM EDT
Better than me.. nice job!

Donny Polson  12:32 PM EDT
Good stuff Andrew

Mo  12:32 PM EDT
TSLA monday gap up play?! hahaha

Donny Polson  12:32 PM EDT
Start posting your trades in member chat

Andrew Opara  12:33 PM EDT
Oh yea I always forget that lol.

Samuel Hernandez  12:33 PM EDT
I went from 8.5 to 2 in 2 weeks lol
    

  1  

Andrew Opara  12:34 PM EDT
I always follow @igor @fboet1. @anish_sheth trades.. Mostly the big movers
I lock in profits then hop in again

Ray Dmellow  12:34 PM EDT
Yeah same I do a lot of my own trades but no sense in me posting them when mostly propel are following the 3 amigos lol
↪︎
Cynthia Asiyo 1:05 PM EDT
Please do post whenever you can. Helps us learners a lot

1

Donny Polson  12:34 PM EDT
I’m slowly grinding a couple hundred a day

Ray Dmellow  12:34 PM EDT
Get a cash account if your scalping @kelvinopara
You’re gonna need one

Raul Choudhary  12:35 PM EDT
I screwed up
today

Andrew Opara  12:35 PM EDT
I was in cash until Tuesday. I had to upgrade do I can play @anish_sheth BF trades.
His BF trades are responsible for half my account lol

Ray Dmellow  12:36 PM EDT
No I mean setup 2 accounts . One cash and one margin
Do spreads and flies on margin and scalp on the cash account

Andrew Opara  12:36 PM EDT
Oh is that possible

Ray Dmellow  12:36 PM EDT
Lol yes

Andrew Rogers  12:36 PM EDT
That’s what I do

Andrew Opara  12:36 PM EDT
Lol nice

Ray Dmellow  12:36 PM EDT
I’ve had that setup for decades
That way you can see which strategy works best

Donny Polson  12:36 PM EDT
Cmon boomers panic buy aapl please lol

Andrew Opara  12:37 PM EDT
Makes sense

Anya  12:37 PM EDT
I hope people realize that anyone who just buys calls and puts is not a good trader longer term. One needs to have more then 1 strategy to be a long term successful trader.

11
↪︎
Lewis Jacobs 12:42 PM EDT
@anish_sheth Is it a good strategy to use Credit spreads as well, or does it just depend on the best strategy at the time?

Raul Choudhary  12:38 PM EDT
I need to get a margin account

Kean  12:38 PM EDT
FB vertical sell right before market closes @anish_sheth?
↪︎
Anya 12:39 PM EDT
Which one
↪︎
Anya 12:39 PM EDT
265/267.5
↪︎
Kean 12:39 PM EDT
8/21 265 Call BTO/ 8/21 267.5 STO
↪︎
Anya 12:40 PM EDT
It is very near max profit. I will wait until 1:30 pm CST
↪︎
Kean 12:40 PM EDT
Sounds good! thank you!

Raul Choudhary  12:38 PM EDT
to sell premium

Sriganesh Chandrasekaran  12:38 PM EDT
@anish_sheth what’s the plan for wkhs, twtr and chgg calls?

Marcos  12:39 PM EDT
@anish_sheth STC TSLA 21 AUG 2050/2100/2150 CALL BUTTERFLY. Thank you thank you

Andrew Opara  12:40 PM EDT
Just waiting to cash in on the AMZN BF trade next week @anish_sheth
    

  1  

Igor  12:41 PM EDT
Anyone in AAPL 490/500/510 call fly?

2
↪︎
Lewis Jacobs 12:43 PM EDT
I went 495 500 505.
↪︎
Bryan Kemper 12:49 PM EDT
I’m in
↪︎
Stas Volik 12:50 PM EDT
Me too, & $2.56
↪︎
Stas Volik 2:32 PM EDT
And now the I’ll pay for my velvet balls with FOMO… This BF just closed for $3 – I changed the closing order price from $3.55. All of you guys will now benefit nicely, so THAT will make me feel warmer and cosier
↪︎
Bryan Kemper 2:36 PM EDT
Out at 2.84 for $40 profit

2
↪︎
Stas Volik 4:02 PM EDT
@igor so what was the outcome of this trade for you? As I wrote, I made about $0.45, but wonder how much I missed on
↪︎
Igor 4:38 PM EDT
Got 3.30 and some 5.60s

1
↪︎
Igor 4:39 PM EDT
It went to 7 into the close
↪︎
Igor 4:39 PM EDT
Was 1.40 at some point as aapl dipped under 489
↪︎
Stas Volik 5:37 PM EDT
Wow. That’s a wide range of numbers. How do you monitor the price? Do you set a bunch of closing orders with unrealistic prices to monitor it? Or something smarter? Thanks!
↪︎
Stas Volik 5:39 PM EDT
“Was 1.40 at some point as aapl dipped under 489” yes, that’s when the decision to risk the whole $256 I had in the trade saved me from the loss. So I do learn something here

1
↪︎
Bryan Kemper 5:42 PM EDT
I got out at 12:34 just before it started to run up 499 and leveling out at 497 at the close. I had a good week with other trades and felt like a small profit was good enough. I would have rather not watched it that time and let it go a bit more to make for the losses I did have this week. Oh well….
↪︎
Stas Volik 6:23 PM EDT
Makes total sense. I also often find myself being more cautious on Friday afternoon after a good week
↪︎
Igor 7:45 PM EDT
Setting orders to close at realistic prices will allow you to see MID point while the trade order is working. Assuming full risk is what helps to not freak out and close at 1.40, only to watch it go to 7.00

1

Mario  12:41 PM EDT
Sorry a stupid question here , is today the last day buying Tesla shares ??

Raul Choudhary  12:42 PM EDT
I am holding appl 495 and 500

Igor  12:43 PM EDT
AAPL is going to screw me same way TSLA did last Friday LOL

Parth Shah  12:44 PM EDT
Common AMZN, wake up a touch..

Igor  12:44 PM EDT
Didn’t we do 1655/1670/1700 TSLA last Friday for the 1670 pin? Holy smokes
    

  1  

Ankur Sharma  12:45 PM EDT
Yep and it pinned at 1650 lol

Raul Choudhary  12:45 PM EDT
Igor are you getting out of the appl calls ?

Igor  12:45 PM EDT
I’m up .10

Raul Choudhary  12:45 PM EDT
im down on them
bought them very high

Igor  12:47 PM EDT
Trading on the day of the expiry with a stop is a tough game to play. You have to decide what you’re willing to give up and only risk that.
    

  3  
AAPL calls can go from 5.00 to .80 and finish at 15.00

Joshua Boyer  12:48 PM EDT
Even tougher further into the day

Igor  12:49 PM EDT
Options let us define risk by structuring trades in a way that we only risk what we’re willing to lose.

Parth Shah  12:49 PM EDT
General question, have folks in this group experienced their butterflies not getting filled on TOS from time to time..? I sure have had that issue..!!
↪︎
Donny Polson 12:49 PM EDT
What stock are you trading? Could be liquidity
↪︎
Parth Shah 12:50 PM EDT
@donny101 I trade liquid stocks only. But have had more than one experience where my TSLA fly’s never got filled in the last week or two.

Hasan Haas  12:49 PM EDT
Not sure if i should hold or close. Have 1 call 3000 strike tsla expiry next week. I know it won’t even come close. Was hoping for a gap up Monday and throughout week continue up to close. But now that I own it idk if it’s worth it

Ernest Peterson  12:49 PM EDT
lower your price

Donny Polson  12:49 PM EDT
Holy smokes nvda
↪︎
Joshua Boyer 12:51 PM EDT
Beastmode for sure

Parth Shah  12:53 PM EDT
NVDA wants to keep flying

Raul Choudhary  12:53 PM EDT
I have lost 3k worth of trades just cause of my panic
↪︎
Ankur Sharma 12:54 PM EDT
Is it lost or you left profit on the table?
↪︎
Raul Choudhary 6:21 PM EDT
On the table profits

Raul Choudhary  12:54 PM EDT
I really need someone to mentor me after this session, My trades are fine and good I am just exiting to early or I’m selling too fast
my mental game it’s just isn’t there

Leo  12:54 PM EDT
Set a stop and your profit target Raul

Kapil Duraphe  12:54 PM EDT
what makes you to sell? @raul.choudhary50
I know igor will ask what’s your plan
    

  1  

Leo  12:55 PM EDT
Or sell half to cover cost and let the rest run

Joshua Boyer  12:55 PM EDT
Lol the famous question..
I think the plan is to make money LOL

Ray Dmellow  12:55 PM EDT
Lol

Kapil Duraphe  12:55 PM EDT
LOL

Ray Dmellow  12:56 PM EDT
Well I’d you dont follow that stop loss then it will eventually eat up your account like tiny little termites
We all wanna make money sure but this game is all about discipline

Raul Choudhary  12:56 PM EDT
My plan is to make money exactly…

Ray Dmellow  12:56 PM EDT
Trade the plan and plan the trade
Well you’re not doing that right now so figure out what the gaps are and work to fix them boss
Panic selling will get you in trouble.

Igor  12:57 PM EDT
Making money is not a good plan

1
↪︎
Lewis Jacobs 12:59 PM EDT
@igor There was a great quote recently by an investor along the lines of: Focus on preserving gains and minimizing losses in the long run rather than focus on making money.

Joshua Boyer  12:57 PM EDT
Ok, how about NOT lose money

Ray Dmellow  12:57 PM EDT
Why trade then lol

Igor  12:57 PM EDT
You need to plan to manage risk. If you take care of the risk, the profit will take care of itself

Ray Dmellow  12:57 PM EDT
Just go invest in ARK funds and enjoy life lol

1
↪︎
Mo 1:07 PM EDT
Just added some NVTA leaps. lol

Joshua Boyer  12:57 PM EDT
I don’t disagree with that..

Kapil Duraphe  12:57 PM EDT
I think losing money is way easier than making money
    

  1  

Raul Choudhary  12:57 PM EDT
well the main plan is control my mind and my panic once i get in a trade basically that is ruining my play I knew AAPL will shoot up same NVDA I was holding both of the contracts

Igor  12:58 PM EDT
Most of the time people get into bad trades because they see dollar signs and ignore the risk.

Ray Dmellow  12:58 PM EDT
It’s super easy to lose more than you planned to lose yes
Stick to stop loss and profit target and you will be fine long term
Ebrryitme I didn’t cut a trade when it hit my stop it just got way worse
    

  1  

Raul Choudhary  12:59 PM EDT
mine is the other way round I exit to early

Ray Dmellow  12:59 PM EDT
And don’t keep staring at the screen if youre swing trading

Joshua Boyer  12:59 PM EDT
That happens to me about 50% of the time.

Raul Choudhary  12:59 PM EDT
exited baba,nvda appl
my personality is more of a swing, exactly got to stop watching the screen

Ray Dmellow  1:00 PM EDT
If you exited for a profit then you won. No one can time tops and bottoms lol

Kapil Duraphe  1:00 PM EDT
except anya for tesla! hahah
    

  1  

Raul Choudhary  1:00 PM EDT
I know that, hope I could lol
yesterday BABA screwed me up lol it did not even move on earnings like …..

Kapil Duraphe  1:01 PM EDT
I’d stay away from earnings. Trades running upto earnings have been great for me but earnings plays have always just lost me money
    

  1  

Igor  1:02 PM EDT
You have to have a process. You have to know why you’re getting in and what makes your setup fall apart. When it falls apart you need to plan for a loss that will be the resulting it. You need to size your trades assuming your setup will fail. You need to have a plan to scale in an out, unless you’re going all in/all out. You need to find a way to mute the voices in your head when you’re in the trade and let your plan navigate you through the trade.
    

  3  

Ray Dmellow  1:02 PM EDT
Earnings is the work of the devil

    

  2  

Jajuna Harris  1:02 PM EDT
@anish_sheth what time we selling these nflx butterflies?

Ray Dmellow  1:02 PM EDT
Makes no sense lol that’s why I sell premium and collect it quietly behind the scenes
    

  1  

Raul Choudhary  1:03 PM EDT
well exactly got mute the voices in my head

Ray Dmellow  1:04 PM EDT
Maybe you’re sizing too big ? Scale back a bit and see if those voices are still talking to you

Raul Choudhary  1:04 PM EDT
I have a plan before the trade but once I’m in crazy shit happens lol
not sizing big at all

Ray Dmellow  1:04 PM EDT
I used to size up like crazy toll the market.kicked me right in the you know what

Ernest Peterson  1:04 PM EDT
I dont pick a direction on earnings
    

  1  

Raul Choudhary  1:04 PM EDT
buying 1 or 2 contracts

Ernest Peterson  1:04 PM EDT
Play the crush

Kapil Duraphe  1:04 PM EDT
also not religiously following every single comment here might help. Spy drops by 2 points and lots of us think the world is ending. So that might be scaring you too. That doesn’t mean you shouldn’t have any hedges
    

  2       

  2  

Ray Dmellow  1:05 PM EDT
Panicking with 1/2 contracts ? Jeez man you definitely need to relax then. Try mediation
↪︎
Raghu Ram 1:08 PM EDT
Meditate on TSLA…TSLA…TSLA…

Ray Dmellow  1:05 PM EDT
My wife does this great program on amazon prime

Raul Choudhary  1:05 PM EDT
Exactly panicking on that shit imagine lol hahahah
    

  1  

Ray Dmellow  1:06 PM EDT
I would say smoke some and chillax lol but I might get in trouble for that

1
↪︎
Igor Veksler 1:06 PM EDT
Hahahaha amen, even that isn’t helping!

1

Ray Dmellow  1:06 PM EDT
Maybe take way less trades
    

  1  

Raul Choudhary  1:06 PM EDT
Well I will send you the tomorrow my fridays plays so you guys can see and give me some feedback I want to become a better trader and I have the potential to become one
    

  1  

Ray Dmellow  1:06 PM EDT
More trading = way more stress

Joshua Boyer  1:06 PM EDT
@igor as sad as it is to say, I think I am one of many that want direct instruction while learning.. like a guide through trades to better understand. I think of it like playing craps. I couldn’t learn by watching, I learned by playing WITH someone by my side, helping me and explaining HOW to make bets… where to watch, how to play odds.. My plan is generic, learn to be profitable by trading options, but without extra guidance, it’s a coin flip on profits. I totally get “have a plan,” and I don’t knock it at all. But I know there are several of us here that can read about strategies and watch youtube videos until our eyes dry out, and still not completely understand the WHY behind many trades. I absolutely LOVE everyone in here and this the group is amazing, so please do not misunderstand what I am saying..
    

  12  

Lewis Jacobs  1:06 PM EDT
Greeks are very important as well. Knowing how fast or slow your position will rise or fall in relation to your expiration date really helps.

Raul Choudhary  1:07 PM EDT
I know the greeks lol the problem is I just started trading with my real money a few months ago
Like I have been paper trading since the age of 15 now I am 23 trading with real money so I just need o get use to it, I was profitable when paper trading because emotion did not get in my way

Lewis Jacobs  1:09 PM EDT
I started the same way, paid heavy “tuition” fees at first. Just remember failure is not the mistakes we make, but the inability to learn from them.
    

  2  

Raul Choudhary  1:10 PM EDT
true man got to pay ure fees to the market lol

Lewis Jacobs  1:11 PM EDT
We are fortunate the have a great group of people here including our Mentors: Igor, Anya and Frank.

1
↪︎
Viktor Veselý 1:12 PM EDT
Don’t forget @tommking

1
↪︎
Igor 1:14 PM EDT
TK is a great mentor and spend most of the time kicking the market in the DailyNUT

2
↪︎
Raul Choudhary 1:15 PM EDT
Well hope to be mentored by them to improve my mental game that is the area I need help honestly, my trades picks aren’t that bad lol
↪︎
Tom King 1:17 PM EDT
@viktorvesely Checks in the mail
↪︎
Viktor Veselý 1:18 PM EDT
@tommking. Thank you for all your hard work here
↪︎
Lewis Jacobs 1:19 PM EDT
I’d like to sign up at some point to balance my Debit with more Credit spreads. I want to build capital here first, but do look forward to it.
↪︎
Tom King 1:20 PM EDT
Today so far we have earned enough for at least 3 months of membership using 1 single contract sizes. if you trade 2-3 contracts or more…well

Joshua Boyer  1:12 PM EDT
1000% agree
    

  2  
Those 3 are absolutely brilliant and amazing individuals
    

  2  

Mo  1:15 PM EDT
for the record….I’ve been down near 20k at one point. Now up nicely. But that 20k I had to meditate and come to grips with not giving up. hahaha….so hang in there and never stop learning or improving.

6
↪︎
Donny Polson 1:15 PM EDT
I’m down about 24k AT. Slowly grinding back
↪︎
Donny Polson 1:16 PM EDT
Any lessons you’d care to share?
↪︎
Raul Choudhary 1:16 PM EDT
I lost 15k of profits
↪︎
Donny Polson 1:16 PM EDT
Been slowly grinding back trying for 200 a day
↪︎
Mo 1:17 PM EDT
Play TSLA. lol…jk….I’d say get the mindset right first. And do extensive review on where you mind was when making trades….aka reason I got in….how it turned out and why.

1
↪︎
Mo 1:17 PM EDT
i found that I had taken profits for granted. Played too loose like a gambler when I had greens. Didn’t value it the same as i would a hard earned 40 hour salary.

1
1
↪︎
Joshua Boyer 1:19 PM EDT
Mo, I like that analogy
↪︎
Raul Choudhary 1:19 PM EDT
I am daily writing a journal since that loss lol need to get the mind game back, need to stop looking at the screen
↪︎
Mo 1:20 PM EDT
ps turn off P/L for most part of day.
↪︎
Mo 1:20 PM EDT
focus on trading…not on making money solely.
↪︎
Lewis Jacobs 1:20 PM EDT
@investomotho Reminds me of “Zen in the Art of Archery” . . . . .

1
↪︎
Mo 1:22 PM EDT
I have a note on my desk that says “Be PREPARED TO DO NOTHING”. To combat overtrading. “Be patient as hawk/turtle…await your perfect setup.”

3
↪︎
Raul Choudhary 1:22 PM EDT
I have sent my trades for today you can see them

Igor  1:15 PM EDT
We have a group of very smart traders here and overall the community is full of people willing to help.
    

  7       

  7       

  4  

Ankur Sharma  1:17 PM EDT
Since we are on the risk and trade plan discussion. Something I learned from the professionals here to turn into a no risk trade. I bought the 2 MSFT calls and locked in $300 profit. Could it be more? Sure. But was not my plan. Once those profit locked in, I bought 2 MSFT vertical spreads putting in $200 to make another $300 by expiration. If spreads don’t work out, I still pocket the 100 on MSFT trade overall. Made it a no risk and dont have to worry. This is the valuable stuff I am learning here. Need small wins and no home runs. At least not yet.

2
7
2
2
↪︎
Sanjeev Goyal 1:22 PM EDT
thank you for sharing. appreciate it.

1

Raul Choudhary  1:20 PM EDT uploaded this image: image.png

this is today all the places where i screwed up I did not let the play develope basically had the right mindset when coming in the game but lost my mind when entered the perfect example is in the image
↪︎
Mo 1:23 PM EDT
what you are going through is normal. I’ve had 50 moments like this. lol
↪︎
Mo 1:23 PM EDT
still do
↪︎
Mo 1:23 PM EDT
reassess and revisit…keep grinding the learning and ….some may disagree…meditate. headspace is a great app I use in mornings.
↪︎
Raul Choudhary 1:24 PM EDT
hahahah just need to avoid doing this and I will get porfitable honestly, how long have you been trading?
↪︎
Mo 1:24 PM EDT
not long….just this year tbh…but I live eat and breath this…all hobbies out the door.
↪︎
Mo 1:25 PM EDT
my goal was to try to lose 20k tbh…..i figured if I increased my rate of failure id increase my ability to fish.
↪︎
Raul Choudhary 1:25 PM EDT
will download that app for sure, hahaha you breathe this lol I love trading but need to avoid emotions
↪︎
Mo 1:25 PM EDT
well…passive goal that is…lol

1
↪︎
Mo 1:26 PM EDT
I’m also in a few chatrooms to get good feedback and knowledge sharing. follow a few twitter feeds…..basically utilize the shit out of the internet resources.
↪︎
Raul Choudhary 1:27 PM EDT
I am using twitter youtube everything even watching the trading fraternity lol my problem is more internal rather than external
↪︎
Mo 1:28 PM EDT
Aww…gotcha. Yea then michael douglas and anything mindset related for sure….though the technical homework aids the mindset conviction. lol
↪︎
Raul Choudhary 1:39 PM EDT
need confidence man hahaha once i have that I will turn around the whole portfolio, will check into that

Kapil Duraphe  1:24 PM EDT
Gah my FB $262.5 call not doing good. This is a perfect example for @raul.choudhary50

1
↪︎
Raul Choudhary 1:25 PM EDT
If you see my trades they all ended up profitable except me lol
↪︎
Raul Choudhary 1:26 PM EDT
it’s in the money the call did you buy it very expensive ?
↪︎
Kapil Duraphe 1:29 PM EDT
yeah I bought that one. I knew I was chewing more than I could buy. And now it’s 20% down already. So that’s one lesson for you. Do I want to sell? yes. Will I? Yes, when it hits my risk %ge aka 30%
↪︎
Raul Choudhary 1:35 PM EDT
well I still have to set a risk % lol don’t even have that in place, so you tend to buy in the money options ?
↪︎
Kapil Duraphe 1:37 PM EDT
I buy everything. Depends on which direction am I expecting it to go, what’s my risk appetite, my spend limit, and my timeframe
↪︎
Raul Choudhary 6:12 PM EDT
Seems good thats how it should be how long have u been trading? Hope you could help me out to improve my trading skills

PRABHJIT SACHDEVA  1:27 PM EDT
INTC has been a disappointment. Even though there was news of big buyback.. but it din’t move the needle
↪︎
Joshua Boyer 1:27 PM EDT
What date and strike are you in?
↪︎
Donny Polson 1:28 PM EDT
I choose amd or nvda over intel all day
↪︎
PRABHJIT SACHDEVA 1:28 PM EDT
OCT.. i am not thinking of selling, but i was hoping to make some profit by now
↪︎
Joshua Boyer 1:29 PM EDT
I jumped in the INTC 50 C for 9/18.. I agree I thought it would have moved more by now. Nonetheless, a lot of time for a small movement left, so I will hold for another 1-2 weeks and see where it goes..
↪︎
Mo 1:29 PM EDT
i have leaps….so dont look at it much…I know it will go up…just not sure on timeframe…so paid for time.
↪︎
PRABHJIT SACHDEVA 1:30 PM EDT

↪︎
Mo 1:31 PM EDT
optional is to roll it out….

Joshua Boyer  1:32 PM EDT
Wow… W is a monster

Leo  1:32 PM EDT
And Nvda!!

Joshua Boyer  1:32 PM EDT
Indeed
Glad I pulled the trigger a few days ago on that spread

1
1
↪︎
Kapil Duraphe 1:34 PM EDT
I sold my SOXL for a loss but glad still in in NVDA
↪︎
Joshua Boyer 1:38 PM EDT
No drinking tears for us hahaha