Yes. Like Aug 3 or so I saw.
I’m sure they are figuring the beta against the S&P most likely 5Y. Negative is just less volatile than the tracking index. Doesn’t necessarily mean inverse to it though. Doesn’t mean it isn’t either.
In a situation like this that is not key to me. It is not a long term investment where risk is the key.
Watching it every second is hard and may not be necessary.
I would still have orders in place it case it spikes, you can get triggered; or, if the bottom falls out, you cut your loss.
There are only 4 days left. You may not have time to recover or a lot of chances to profit. Take them when you can!
You can always move on to the Aug if these don’t work out for you.
What up guys? Rush....thank you for reposting and stressing the importance of my post last month on TIME. It is simply THE MOST IMPORTANT factor in investing. When you have it, you don't need luck nor do you need to worry about "timing" anything. Like Raiders said, the type of day trading activity concave is conducting is fine if it's treated as a % of assets....say 5% maximum.
I would suggest this concave. I have kept up here and see that you had a few losing weeks playing puts and calls. If you add up the total losses and the total is less than 5% of your portfolio, the damage isn't severe enough to cause you to fall off of the rails on your long term goals. I would play close attention to the overall risk you are taking in these "short time" expeditions as a percentage of your portfolio. There are no shortcuts except for the very, very, lucky and talented pros at the top of this game. I'm assuming that you are still young, so I am advising you to look hard at the percentages. Don't let this be a problem that gets away from you.
A perfect example of this takes me back to a discussion I had among friends over the weekend. One of the kids in attendance, a 14 year old boy, had started cutting lawns and doing odd jobs and was very excited that he was making quite a bit of money. He asked me how he could become a millionaire so I asked him if he was willing to save the money he earned and he replied that he would be willing to save half. His mother chimed in that he should be saving 75% and the discussion centered on how much he would be saving. While this was going on, I ran some numbers in my head and gave him his answer. I asked him if he thought he could save $5,000 of his earnings each year until he finished high school and for a couple of years in college and told him if he did that for 7 years he would likely have over a million dollars by the time he reached retirement age. He asked me how that could be possible and I told him the answer that anyone reading this already knows.
My point of this rambling diversion is this. That $1000 or $5000 that you piss away day trading today has SOOOOOO much potential if left alone in a SPY or a low cost s&p tracking fund. Don't blow your future chasing a shortcut. The shortcut is just the longer path to your goal.
Gamble. Well said. 
I am thinking AND hoping he is doing this as he said: to have something to replace sports betting.
As I mentioned, and Rush, and now you have said — do not do this at risk of longterm investing!
You cannot just blindly play options — you have to have a plan and limit your losses and lock in profits.
If he is doing this in lieu of what he would be sports betting — I am cool with that.
Otherwise, it is just like throwing away money every week on a 5-team parlay with longshot teams. You want to win some times!
He has found a stock he likes and thinks worthwhile to try to have a little fun with and maybe make some money. I am okay with that part of it.
One of the examples I use for young folks to talk about compound interest:
Here’s a little secret: Compound interest is a millionaire’s best friend. It’s free money. Seriously. But don’t take our word for it—let us introduce you to our friends Jack and Blake.
Be confident about your retirement. Find an investing pro in your area today.
When Jack turned 21, he decided to start investing $200 a month every year for nine years. At age 30, he decided to stop investing altogether. But his friend Blake started a little later, investing $200 a month every month starting at age 30, all the way until the ripe old age of 67.
So at age 67, who do you think had more money in their account? Let’s do the math.
At the end of nine years, Jack invested $21,600 and ended up with more than $2.5 million. Let’s say that again—$2.5 million! That’s the power of compound interest, friends.
And Jack’s friend Blake invested a whopping $91,200 over the course of 37 years. At age 67, he had built up $1.4 million, but he never caught up with Jack.
So how did Jack do it? He didn’t invest nearly as much as Blake did but ended up with over $1 million more. That’s the power of compound interest! It turns more than $20,000 invested in nine short years into almost $2.5 million over 37 years!
I tell young folks always start saving as much as possible early and INVEST it in a good fund(s).
When you go to work always make sure to get the company match — free money.
It is really amazing on a couple of levels. It makes you not even miss the money if you start out doing that. It also will add up really fast.
Time is crucial! But getting a good base for the compound interest to work is also key!
It is easier to start off early in life doing this — as opposed to getting bogged down early with debt that keeps you from maxing out for your retirement and savings.
For those following, TIME is a constant but the rate of return is variable........I estimated 7% yearly. Raiders may have used 10% (I didn't run the math). Regardless, you can lower your estimated rate of return for more conservative goals or to make sure you overshoot your goals. I like 7% as it is an attainable long term average based on the past several decades.
APT APT wow. Nowhere but down. Lost 55% of the calls In two days. someone on a different forum just posted that a 1.2M block order went through late so whatever the hell that means for tomorrow. so I did something dumb today. Bought 8 $12 calls in “NIO” the electric vehicle company for .78 and got out at 2.05. 262% return in four hours. this thing opened down .50 cents or so within the first hour. Then gained another 2.88 Ish the next 3. Unreal how this thing would not drop. Sold at 13.33 at 12:30 and it ended up closing at 13.22 after dropping from 13.72. It seemed to mimic Tesla in the first few hours. can we FINALLY see a pop in APT tomorrow?
Nio had almost 7times it’s normal trading volume today. Maybe that’s why? And what did APT have. Not even half of its average in volume. people out there saying bear traps and yada yada. i just expect something huge from this stock every day and the same result happens nearly every day. insanity ?
Buying calls on something that I only “read about “ for a night. That wasn’t smart . This APT play was weeks coming and it’s getting me nowhere. Electric vehicles are the future obviously and NIO just happens to Be cheap as hell in price. So I took a shot and plugged my nose and it wouldn’t stop climbing. teslas calls are so expensive for good reason and you can never bet against them. Nikola is hilarious. stock in the 40s and has yet to sell one vehicle to this day. got my eyes on wal mart tomorrow. maybe play some “lottos” for Friday calls and hope it climbs.
QQQ is the technology spider. It's a great buy and hold investment. I bought the QQQ in 2002 at $34 a share for a 655% return in 18 years.
If I am on this site, I am going to preach until you see the light because I want you to succeed. I'm not saying buy QQQ today and hold it forever, but I am saying that you should do the research and find long term opportunities, invest in these long term advantages, and hold them for a long time.
Honestly, if you are unaware of basic sector ETF terms and tickers, I would back off completely and do the homework first. Jumping in without doing the homework is not recommended. I believe Raiders alluded to practicing with play money, which I would also advise. To my eye it looks like you are starving for action much like gamblers at the casino sportsbook. Avoid the temptation to constantly seek the short cuts. I can not stress this enough.
You have had a taste of success. That may lead you down a slippery slope. Be careful and good luck.
Yes. Good longterm to have.
But if you have a ‘feel’ for what you ‘think’ the market is going to do the next day or so — then this is where you want to be as well.
It is a tremendous short term choice as well. Look at the volume and choices and interest.
Gamble is 100% correct though. This is where I am talking about the ‘gambling’ money. Not the ‘investment’ money.
Maybe — sometime we should stop and make sure you are investing longterm also?
Wow!
What a pop I missed out on yesterday in WMT. That's the problem with being on the sidelines with 200k earning squat. I do believe WMT comes back to earth, but ALL of the grocers that I mentioned a few months ago have done very well. I blame myself for not making the move. Rush...I doubt we ever see 100 on WMT. I was just waiting on 115.
Hey Gamble.. I saw that on WMT. I didn't really dig into the details, but it sounds like they announced some sort of service that will compete with Amazon Prime. WMT already is a juggernaut, but it is aggressively pushing into the e-commerce area that only currently makes up around 4% of their total revenue I mentioned a few weeks ago. Yeah, the $100 is an aggressive target for WMT that may never come in . I fully realize that. WMT really is a defensive play IMHO, and any further retrenchment with the Chinese Virus in restaurant closures, etc. really shouldn't hurt WMT too much... in fact, they stand to benefit, because people will need to buy more food from grocery stores and WMT again. My stock shopping list and the targets I have set is really a "throw the baby out with the bathwater" type of scenario. I'm looking for panic, but since the FED has stepped in back in March, investors may not have that fear again for some time. Who the heck knows . Lol..
I always love seeing this example and similar ones like it displayed. It truly is amazing the power of Compound Interest & Time.
I think Warren Buffet called Compound Interest the 8th Wonder of the World !!!
APT spiked like two points in an hour. thought my calls were worthless. Like you said they got up to 1.49 at its peak at 18.51. Unfortunately I didn’t sell there thinking it’d keep going since we still had three hours to close. I got out at $18.01 .. calls were 1.01. so yes I lost about $ 750 had I sold at its peak , but I got out at a $50 profit. Lol. Better than losing almost $1450. Didn’t want to hold it a few more days because that’s how I LOST the first few weeks by not taking profits as you’ve preached.
Took yesterday’s profits from NIO and put them back into calls on same stock. It was up nearly TWO POINTS in the first half hour which is nuts. Then It plummets everything and then some. So I lost 75% of the value which sucks. Need a reasonable day tomorrow. I thought people would buy out of Nikola and dump their shares in NiO. Boy was I wrong. Lol. Nikola gained Double what it lost yesterday up 34 freakin % on the day. incredible. QQQ up 1.3%. but tell me. How do you make money on this thing like you suggested earlier ?
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