Stock Trading -or- ReconSWS's Bane

[gabe]

Seem like the market is trading along with the weather up here. Was super sunny and beautiful the last few days and today it's cloudy and the market is down.

I'm checking the forecast and buying puts.

[ReconSWS]

Hmm yes. I too would be trading on weather forecasts now, with the way this market has been this is by far the most sensible thing I could imagine. I literally saw the correlation, but does that mean causation? Yes, probably.

Is anyone else afraid to start a paper-trading account for fear of actually becoming a paper-trading-millionare? This is one of my worst fears, to win on the paper account and not the real one lol. But it would be fun in this down time while I'm not bear nor bull but cash-gang rat (with nay cash).

I'm thinking save money now, any yolo every penny on election night FDs (old lmao emoji)

[gabe]

Rainy day here and the market is down again. I'm sticking to this weather related trading thesis.

In the real world though I'm eyeballing EPD. I already have 10 shares but will probably average down with another 20 or 30 here in the near future. They are not over-leveraged, work in natural gas (which is less volatile than oil), and have a nearly 10% dividend yeild. That's a buy for me.

[bellicose]

Hmm yes. I too would be trading on weather forecasts now, with the way this market has been this is by far the most sensible thing I could imagine. I literally saw the correlation, but does that mean causation? Yes, probably.

Is anyone else afraid to start a paper-trading account for fear of actually becoming a paper-trading-millionare? This is one of my worst fears, to win on the paper account and not the real one lol. But it would be fun in this down time while I'm not bear nor bull but cash-gang rat (with nay cash).

I'm thinking save money now, any yolo every penny on election night FDs (old lmao emoji)

In the classes I teach about the stock market, we do a simulation game with marketwatch.com. One time, I took the starting $10k and turned it into $120k in a month. Yeah... that kind of sucked.

[desertT1]

I started my account up a few months ago. Put some of the tax refund into an REIT, ABR. It was at $15 before COVID. I got in in the high 6’s or low 7’s, but that wasn’t the draw. Before the dip it was paying 8% dividend. They actually didn’t cut the div in the first payment I had it for, and I put that back into the stock. Going to do that for a while and probably a long while. I’m still under 200 shares, but another earnings is around the corner. Another 1-2 of those and I’ll be at that level.

dont want to be in just one thing forever, but I’m still adding to this one. Div is still 13-14% and if they aren’t looking to cut it I want to keep buying.

[ReconSWS]

Well I'm poor but did eek out 2 tsla 900 puts for Friday, and some Spy 299p for EOM. Only 400 cad total, up a bit up to 50% now but gonna hold for a miracle circuit breaker over night

[ReconSWS]

In the classes I teach about the stock market, we do a simulation game with marketwatch.com. One time, I took the starting $10k and turned it into $120k in a month. Yeah... that kind of sucked.

YOU TEACH? That's cool How hard is to reach these kids and get them not to yolo on dailies??? I was thinking about doing a paper account with equal value to mine, and for every paper trade, make the exact 180 degree inverse play on the real money account... but I think my subconscious might catch on and screw me anyway.

I'm seriously starting to get annoyed with my line of play of gambling on options. Going to go back to DFEN under 10 strat and just accumulate on the dips (if tomorrow is a red day and I get some dough).

[Siress]

Do you guys ever consider the morality of playing the market purely for personal gain rather than providing resources to support the work that can be done with it? To be clear, I'm in no way saying those are mutually exclusive motivations. I'm just asking about trades that are purely outside of the overlap and motivated solely by the expectation of maximizing returns.

As an example, I struggle with buying stock in companies I don't like despite how well I think they're going to do financially regardless of my involvement - and think that I'd be foolish not to cash in myself since my purchase and subsequent sell would benefit me without providing any noticable benefit to them. It's that mindset, though, that leads to large groups doing terrible things; everyone thinking their dollar doesn't matter, but a million of them gets something done. It troubles me. And bothering with looking into each company, tracking their progress, judging their actions... it takes so much time that I may as well invest in an index fund be blissfully ignorant, or make trades based solely on maximizing returns and come to terms that I'm contributing to whatever that particular company does no matter how much I may disagree with it on a personal level.

I chose the index funds, personally, but that has a lot more to do with wanting to spend my time elsewhere than having answered this question with any finality.

[bellicose]

YOU TEACH? That's cool How hard is to reach these kids and get them not to yolo on dailies??? I was thinking about doing a paper account with equal value to mine, and for every paper trade, make the exact 180 degree inverse play on the real money account... but I think my subconscious might catch on and screw me anyway.

I'm seriously starting to get annoyed with my line of play of gambling on options. Going to go back to DFEN under 10 strat and just accumulate on the dips (if tomorrow is a red day and I get some dough).

We talk about about strategies for the average person, what you should do and not do in real life, etc. I actually want them to "yolo on dailies" so they see what happens. Being beaten in the simulation by a kid that has an F in the class is fantastic motivation for kids to do more research and make better decisions. I also play with them, and make very poor decisions in the beginning to drop about 40% as an example, then try to bring that back up. It sometimes blows up in my face. Anyway, discussion about what is happening is key. I keep in contact with one student that graduated about four years ago that is doing very well in his Roth IRA. He's a shining example.

Do you guys ever consider the morality of playing the market purely for personal gain rather than providing resources to support the work that can be done with it? To be clear, I'm in no way saying those are mutually exclusive motivations. I'm just asking about trades that are purely outside of the overlap and motivated solely by the expectation of maximizing returns.

As an example, I struggle with buying stock in companies I don't like despite how well I think they're going to do financially regardless of my involvement - and think that I'd be foolish not to cash in myself since my purchase and subsequent sell would benefit me without providing any noticable benefit to them. It's that mindset, though, that leads to large groups doing terrible things; everyone thinking their dollar doesn't matter, but a million of them gets something done. It troubles me. And bothering with looking into each company, tracking their progress, judging their actions... it takes so much time that I may as well invest in an index fund be blissfully ignorant, or make trades based solely on maximizing returns and come to terms that I'm contributing to whatever that particular company does no matter how much I may disagree with it on a personal level.

I chose the index funds, personally, but that has a lot more to do with wanting to spend my time elsewhere than having answered this question with any finality.

Yes and no. I'm there to build retirement because the State plan I have won't provide crap when I'm ready to retire. My investment in them is a drop in a bucket, they don't owe me anything special, and vice versa. That being said, I won't invest in companies that I don't like their ethics, such as Apple or Facebook.

[gabe]

The problem I always had with those paper trading classes in high school was that you were never given enough time. I think we "traded" for like 1 month and then were graded based on that. Really promotes "trading" instead of investing. If the time horizon was 4 weeks away then yoloing dailies makes great sense. For a longer period that would show what actual investing is based on.

[Aperture3D]

The problem I always had with those paper trading classes in high school was that you were never given enough time. I think we "traded" for like 1 month and then were graded based on that. Really promotes "trading" instead of investing. If the time horizon was 4 weeks away then yoloing dailies makes great sense. For a longer period that would show what actual investing is based on.

I did this senior year economics class of high school. Why not have a MCB papertrading/fantasy league?

https://www.marketwatch.com/game/its-all-a-simulation

Until someone sets up a proper thread, feel free to test it out on my guinea pig of a game. I just set it up but at least it lasts a full year.

[eddie]

Today's update - I'm getting beat up over here lol

[gabe]

I did this senior year economics class of high school. Why not have a MCB papertrading/fantasy league?

https://www.marketwatch.com/game/its-all-a-simulation

Until someone sets up a proper thread, feel free to test it out on my guinea pig of a game. I just set it up but at least it lasts a full year.

I joined this game...looks interesting. The limit is a year and the paper money 1MM bucks. Not too bad.

[ReconSWS]

I too will join in a day or two, and I'll cash out that 1MM and retire instantly :P
Anyway, same boat as eddie. Can't catch a break, only get caught by the breaks.
Paper til' elections for me then flip a coin and all-in (no emotions, no due diligence).

In the mean while, I have hatched a scheme to make a quick buck, a 2 phase plan. If anyone wants to help out PM me, (you need active reddit account 2+ months old + other socials). Phase 1 doesn't start for a few days I need to generate a product... and we will try to sell the product. It is a meme product.

[eddie]

Alright so Intel gets a good earning report but apparently a chip is being delayed? So i have a put for $57.5 expiring August 21st and right now its at $54.10. So tomorrow morning when the price's update, I may be looking good. BUT, AMD decided to do up almost $5 after hours, and I also have a put on that. So after getting beat up for 2 weeks, I can finally get up and dust myself off a bit, only to get kicked in the balls.