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Results 8,581 to 8,610 of 12001
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10-04-2019, 08:11 AM #8581
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10-04-2019, 08:32 AM #8582- Cutz 4 Sloots
- Virg 4 Lyf Crew
*MMA - Kickboxing*
*Rugby Crew* - Outside Centre
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10-04-2019, 09:28 AM #85836'0 249 @ 18 years old in AVI
Goals @ 225 or Less
365 Incline BP, 500 Paused Squat, 400lb C&J,300Lb Snatch
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10-04-2019, 09:30 AM #8584
I have a gambling problem. Always have looking back. Always got to nearly the highest level in everything Ive done( I realize 27k aint chit to most lol) but always fuking blow it. Every fuking time
My buddy spends more going out in one night than my current entire networth. ****ed up at work today might get fired.6'0 249 @ 18 years old in AVI
Goals @ 225 or Less
365 Incline BP, 500 Paused Squat, 400lb C&J,300Lb Snatch
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10-04-2019, 09:36 AM #8585
You went too deep bruh you got greedy. You gotta control yourself especially once you are moving thousands in each trade in options. You are pretty much guaranteed to fuk up some options and lose $$$. Great thing about them is doubling up or tripling up erases a lot of fuk ups. Try to limit losses to 50% on trades that don't go your way. Buy smaller initial positions and scale in with longer time frames if they don't go your way initially but you know it is going to move eventually.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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10-04-2019, 09:41 AM #8586
Yeah Im a very short sighted person. When my account was at 50k, I bought in some SLv and GOld options for late august expirations, and this was literally weeks before gold went from 1340 to 1500, and I cut them. It wouldve been a 600% return, maybe 1000%. I understand why people off themselves now, like I cant beliebe I did this chit. I havent traded since I blew up all my winnings about 3 months ago, and made my first trade on monday this week.
Worst part is I cant tell anyone about this. Sorry if Im bitching lol6'0 249 @ 18 years old in AVI
Goals @ 225 or Less
365 Incline BP, 500 Paused Squat, 400lb C&J,300Lb Snatch
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10-04-2019, 11:01 AM #8587
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10-04-2019, 11:29 AM #8588
It’s just paper bro! Plenty of time to make more.
I went from $4k to $36k in 3 weeks then lost it all on SPY puts last month. That’s why I don’t post in here anymore lol
Options are like crack, those big wins are such a rush but eventually one wrong move will bankrupt you.
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10-04-2019, 12:28 PM #8589
Yeah man no kidding. I mean youre right, but I live and work in high end chicago burbs. Nothings cheap out here. Im young and Ill be okay but man Id be lying if I told you I wasnt thinking about the worst all day. Im not a high earner, I have essentially no assets. Paper is important, I didnt realize it till its too late.
6'0 249 @ 18 years old in AVI
Goals @ 225 or Less
365 Incline BP, 500 Paused Squat, 400lb C&J,300Lb Snatch
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10-04-2019, 03:53 PM #8590
Chit man. I busted my ass for 5 years(redshirt) and destroyed my body to pay for college, risk my freedom for years, worked 60+ hours a week, all for jack fukin chit. It would be easier if this was stolen from me or something, cuz the worst part is its only me to blame. I cant fukin think straight. Never been this low in my life, and Ive been low as fuk before. Even if I worked and somehow saved every fuking penny for the next year, I still wouldnt have anywhere near as much as I did. What the fuk is wrong with me.
6'0 249 @ 18 years old in AVI
Goals @ 225 or Less
365 Incline BP, 500 Paused Squat, 400lb C&J,300Lb Snatch
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10-04-2019, 03:55 PM #8591
In college I was managing a portfolio for my dad that was worth over $400,000 at one point and I was the only one trading and investing on it. But my dad cashed it out to pay for the mortgage because my grades were slipping (was premed) due to me monitoring the markets instead of paying attention in lectures.
Then he left me with $3k in ToS and I grew that substantially over the years. Unfortunately I bought the dip using far OTM call options back in Feb 2018 and lost my chit since the market has done nothing but consolidate since then.
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10-04-2019, 05:09 PM #8592
As percentages of my account I've fukked up pretty hard. I'm sitting on like a 60% loss on a stock I bought years ago. I've lost 20% of my account on option trades before too and it fukken sucks. Nothing worse than cashing out a big fat ZERO on a call. You'll be aight bruh. Just remember that wasn't all money you saved. You lost a lot of your profits from previous trades right?
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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10-04-2019, 07:30 PM #8593
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10-04-2019, 10:16 PM #8594
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10-05-2019, 08:55 AM #8595Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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10-05-2019, 01:05 PM #8596
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10-05-2019, 02:35 PM #8597
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10-06-2019, 10:20 AM #8598
- Join Date: Dec 2010
- Location: Connecticut, United States
- Posts: 4,435
- Rep Power: 172192
you should read Market Wizards (1989 version). a lot of the traders in that book who went on to become multi-millionaires/billionaires started off by literally wiping out their accounts. all these guys eventually succeeded because of the learnings they took from that initial loss. most of it came down to proper risk management and defiance to giving up. keep your head up bruh. the market is always full of opportunities to regain that lost capital.
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10-06-2019, 12:13 PM #8599
I agree Market Wizards and the sequel are great because its observations from the trading winners.
FYI...I was a block trader on Wall Street out of college. I executed block orders for giant funds and did a good job. I was Surrounded by smart people but didn't practice any wisdom with my own account. I traded naked options and lost all my money over and over again. It took 4 or 5 years to kick that habit. Since then I've been an investor (not a trader) and I've done well (or been lucky).
My two rules: Rule 1- don't trade naked options. Rule 2- don't forget Rule 1.***daily pump crew***
"There's no elevator to success, you have to take the stairs"
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10-06-2019, 12:24 PM #8600
Welp finally took some money outta my account for the first time to purchase a new (to me) toy cash. Anyone that's been here for a few years probably is aware I started with like $1,000 and added $1,000 x2 once 2 years in a row awhile back. Account got up to close to $20,000 at the peak when I had several very successful options calls in a row. Taking a little under half the account value to fund my purchase and I'm very happy about it. Hopefully I can manage to get my account back to the same size in a year or 2. I guess we shall see.
For those of you who are big ballers with 100s of shares of stock does anyone find selling covered options valuable? For those of you doing it, are you selling a call and a put option for each 100 shares you own?Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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10-06-2019, 06:40 PM #8601
So I'm a complete newbie to trading and investing and am looking to get my feet wet into learning this stuff. I was watching a bunch of warrior trading videos on youtube today, and thought what the hell I might as well go on his site and learn more. 1000 dollars to sign up, and 200 every month after that?!?!? Hell no. Gotta be a cheaper way or place to learn.
So are the books still linked in the opening post the go to books yall recommend for newbies? Are the investopedia courses worth the money etc? Looking for any advice about where to dive in. Thanks.
Was looking into swing trading vs day trading. Would only have around 10k initially to play around with.
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10-06-2019, 06:55 PM #8602
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10-07-2019, 05:56 AM #8603
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10-07-2019, 08:26 AM #8604
Makes sense. But assuming you already own the shares just do calls then??
Also, anyone already see us going into recession mode? I've seen a lot of companies significantly scaling back jobs...you gotta figure that is going to hurt overall economy pretty soon. I've changed my 401k composition already selling my stock in KR and apple today too. Perhaps I am panicking for no reason, but I don't feel particularly positive lately.Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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10-07-2019, 09:25 AM #8605
its never a bad thing to take money off the table & KR earnings momentum socks. I think companies will start lowering expectations for earnings season which starts in 1 week. Watch the cos that miss on already modest estimates, the market will give em 25% haircuts! Recession? Maybe but here's a diff between a slow down and a recession! I vote slow down for now.
***daily pump crew***
"There's no elevator to success, you have to take the stairs"
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10-07-2019, 12:22 PM #8606
ignore my bitching please, we gonbe alright
Last edited by brahskimoseph; 10-07-2019 at 02:07 PM.
6'0 249 @ 18 years old in AVI
Goals @ 225 or Less
365 Incline BP, 500 Paused Squat, 400lb C&J,300Lb Snatch
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10-07-2019, 12:24 PM #8607
valhalla here I come
6'0 249 @ 18 years old in AVI
Goals @ 225 or Less
365 Incline BP, 500 Paused Squat, 400lb C&J,300Lb Snatch
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10-07-2019, 12:41 PM #8608
I don't really sell covered calls anymore. I have in the past but you really have to choose which stock you do it on wisely AND be emotionally ready for it to be called away. You don't want to sell a covered call 5 bucks above the current price and watch your stock rally 20 points and get called away. Its vomit inducing. I was in McCormick, nice boring consumer staple dividend stock, 500 shares. I thought I would be cute and sell calls and collect premium. It worked for a couple months until it rallied about 50 points. That sucked.
There's a strategy called the wheel where you sell cash covered puts on a stock you would like to own until you get assigned. Once assigned you sell covered calls against it until it gets called away. If it is a dividend stock sometimes you can catch some distributions. I have seen people play it that way before.
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10-07-2019, 07:05 PM #8609
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10-08-2019, 02:23 AM #8610
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