Stock Trading -or- ReconSWS's Bane

[Axel]

Would be sad if tsla hit 1700 today, but a gains a gain this breaks the losing streak

There's always going to be a way to hindsight your trades and figure out how you could have gotten more.

I look at it this way; in a given year one stock somewhere in the world outperforms all the others, so that you could have maxed performance by trading just that ticker symbol--but hindsight still doesn't change the fact that on January 1 it would have been incredibly stupid and risky to put all your money in one stock.

The goal is to meet or beat the index. The ones who way outperform are incredibly unlikely to be able to do it again next year

[ReconSWS]

Realized half a share worth of tsla gains from 100$ lol well this breaks even my spy junk. Sold tsla calls, hopefully not too early, 750% gain on 1700 8/14s lmao. Too bad I only put 100 in. Anyway, put that all into spy puts why not.

Would be sad if tsla hit 1700 today, but a gains a gain this breaks the losing streak

[gabe]

Sold some XOM and BA since they were popping this morning and drummed up some cash. On seeing that Tesla was back in a buyable range compared to their $1600 highs a couple weeks ago I pulled the trigger on one share at $1400 and went back in for some more Intel at $48.90/share.

I'm still long term bullish on Intel seeing as they are a money making machine and they are trading at less than 10x earnings so even though they tanked a bit with the rest of tech today not a bad move IMO.

TSLA was a surprise. I honestly just like being "in" with anything papa Elon's involved in regardless of returns but the 5x split was a nice surprise. This is the 2nd one that I've somehow magically caught right before a split announcement and an after hours boom.

Long story short: always go long (no options plz)

[ReconSWS]

I pray to god for after hours V shaped recover lmao

ehhh hopin this is a fake out and we pop like 10% tomorrow, the day after, the day after, and then I'll switch to puts. It's quite comical at this point these bad beats, if this happens 13 or 14 more times I might quit.

Edit : Hahaha well 80% of my stack for this month (topped up) is in SPY calls (more ITM ones) which literally just shit the bed but there's still hope... cause the other 20% was in TSLA calls, which just had surprise news of a stock split poof after hours spiked. If this action on TSLA continues, these could be money calls. It appears I also landed on Tsla "Battery Day" which is tomorrow?? This is the most luck I can possibly have news wise on a blind call, so if this doesn't pay I will know for sure that I mustve broken a mirror in the past few years that's still haunting me.

..annnd the news is telling me Russia has a vaccine

8/14 exp on boths

edit : thinking on it deeper now, it would make sense that SPY would take a massive dump before some TSLA pump, shares are expensive... rotation all in to TSLA? one can only cross their fingers hard enough.

[ReconSWS]

What did I say lul

[desertT1]

I haven’t done options in a few months. My last one was a few calls on GME because I had it sitting around and we were waiting on next gen console info, and the most epic short squeeze ever, which will likely never happen. From a percent standpoint it was actually quite a monster, but from $$$ it was good for a chuckle with my cube mate.

[gabe]

Something tells me not to bet against AMD....

[eddie]

Well I got cooked on my NIO put. $900 down the drain. Still have big AMD and NOKIA puts expiring 8/21. Also playing NIO and SNAP calls, so I'll see how that goes next week.

Recon, I really need to do #1 on your list. If I stop risking for huge gains I would be comfortably up for the year even after the Covid crash. Instead, this most recent NIO loss has wiped out 4 really good options I sold. And if AMD doesnt drop off in the next 2 weeks, I'll be even more in the hole...

[ReconSWS]

New game plan going forward with the day trading to get my account back into shape for a big yolo

1) play for wins, not for dollar gain. Had I played for wins I coulda doubled that 50 bucks, but I wanted to 10x the gain. realize the mindset and change it.

2) only make plays when 100% focused at a PC and watching the minute chart, and wsb daily discussion thread lol. no absent minded throwing money.

3) make some adjustments to bet sizing

With these strats I can probably get my account back to its former glory hole.

Edit : Or... you know.. just don't buy puts when stonks go up.

[ReconSWS]

Added $50 worth of 0dte Spy 335c, let's see if I can excape these.

Edit :

well I could have doubled but got greedy and held til 3:59 and sold at a 20% loss oops. At least I sold though at a relatively small loss, learning something

having more fun with these small pots than the big pots.

[gabe]

Please keep buying puts then!

Sold a portion (~20%) of my position in O (Realty Income Corp) to free up some funds as I'm way overweight in Industrials and Real Estate. Moved it into more Apple shares today, bought 4 at $450/share. I'm pretty confident that once they do the 4-1 split at the end of the month a bunch of new investors will flock to Apple at the cheaper per-share price.

Basically I'm moving from Industrials (Boeing) and real estate (Realty Income) into more tech. Will be watching Intel closely for an opportunity to average down on some more shares since they are trading at a steep discount especially considering their earning power relative to the rest of the tech sector. Moving into tech has really muted my losses on bad days and hugely increased my earnings on good trading days. I'm still trying to get dividend paying stocks as a practice but I've found dividends don't help when your portfolio is lagging the S&P's growth. 100% growth in a week on tech stocks (looking at you AMD) beats the hell out of 5% per year for the next 20 years.

[ReconSWS]

349 I mean, 345s are like 0.20 each.

[ReconSWS]

Gabe I;m just glad someone is winning! Nice!

I've bought puts every week for the last 5 weeks and I am now broke lmao. Now watch, watch, just now, as I switch to calls, the market will tank.

I spent my last $100 on 25 contracts of SPY 345 for 8/14/2020, they were 0.03 each!! so like 0.05 for me with comissions. I have government relief money coming in but I will save that for puts that I am timing (or hit up a day at the casino and try roulette).

[desertT1]

Was going to buy 10 more ABR, but it went over $10 and I only added $100 into my fin account. So started a position in ACRE. Similar business model, similar div, but didn’t move up with ABR recently.

[gabe]

It's been a few days, how's everyones trades holding up?

NGL this post is a humble brag on buying Apple. What a run and a total random buy! It almost helps offset selling Telsa at $1k or selling some AMD to buy Intel....