OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

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I knew yesterdays pump was fake.

Think we're going back under 3600 today but I'm not risking it.
 
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noskey said:
Ride the wave and don't betray your strategies. Bear markets are great for options trading 8)
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Yeah sticking to my guns and taking profits has been the biggest challenge for me. Days like yesterday make it extremely hard when you watch a contract you made a measily $300 off of run to 10K a few hours later.

But it's a perspective thing. Most people don't make $300 a day let alone in a hour. Pigs get slaughtered.
 
WASHED KING said:
Yeah sticking to my guns and taking profits has been the biggest challenge for me. Days like yesterday make it extremely hard when you watch a contract you made a measily $300 off of run to 10K a few hours later.

But it's a perspective thing. Most people don't make $300 a day let alone in a hour. Pigs get slaughtered.
Click to expand...

Good on you. Takes a mature adult to say this










Not me 😂
 
Retirement is getting the max contribution every pay period, so I'm good there. Just looking to ride this market out like everyone. Separately, in my trading account, I try to pick up a few shares of some techs here and there when certain price points are hit.

Only thing I really dislike about this market is that it's making it hard for me to settle my margin balance. I pay it down only to increase it again when I nibble on days like yesterday. SMH.


...
 
WASHED KING said:
I only use $500 at a time each week in a Cash account. EOW I take out anything above $500.

If I blow it up (which I usually do) I wait a few weeks before I jump back in.
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I been trading in my Roth IRA, lose hella $ it’s cool, that money is for when I’m retired anyway lmao

😢

I never actually traded thru a bear market like this before, have hella regrets for not liquidating wayyyy more back when the feds told us their game plan of increasing rates and cutting off the printer. Maybe I thought about the covid crash which recovered instantly. I didn’t realize this was gonna be such a long drawn out bear market. I still expect much more downside but also feeling like why sell now, missed the main move, prob won’t time it right. Waiting for a good rally which ain’t happening.
It’s low key depressing when I see I make a few bucks trading downside and the portfolio down thousands in a day bc of all the commons.
 
206to813 said:
I been trading in my Roth IRA, lose hella $ it’s cool, that money is for when I’m retired anyway lmao

😢

I never actually traded thru a bear market like this before, have hella regrets for not liquidating wayyyy more back when the feds told us their game plan of increasing rates and cutting off the printer. Maybe I thought about the covid crash which recovered instantly. I didn’t realize this was gonna be such a long drawn out bear market. I still expect much more downside but also feeling like why sell now, missed the main move, prob won’t time it right. Waiting for a good rally which ain’t happening.
It’s low key depressing when I see I make a few bucks trading downside and the portfolio down thousands in a day bc of all the commons.
Click to expand...
Buy buy buy. Like アミーゴ アミーゴ has been saying, wealth is made in bear markets. Keep in mind almost all retail traders lose long-term, especially options; look at building positions on oversold blue chips, or dividend aristocrats. Id love to be stacking GOOG shares right now.
 
noskey said:
Buy buy buy. Like アミーゴ アミーゴ has been saying, wealth is made in bear markets. Keep in mind almost all retail traders lose long-term, especially options; look at building positions on oversold blue chips, or dividend aristocrats. Id love to be stacking GOOG shares right now.
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Yea I’m gonna load up on googl. I’m doing ok trading options, some good days, some bad days. planning to stick with it til im consistently profitable, playing small size til then. Easy money selling covered calls lmao. I just have 3 stocks I can sell covered calls on right now and it’s just been free money, Amzn, aapl, and shop. If shop gets called away I’d be fine with it, I’ll use those funds to build my googl position. Shop’s 10-1 split is the only reason I have 100+ anyway. I don’t plan to lose my aapl/Amzn shares, was thinking if I get called I’ll sell puts til I get em back.
 
WASHED KING said:
I only use $500 at a time each week in a Cash account. EOW I take out anything above $500.

If I blow it up (which I usually do) I wait a few weeks before I jump back in.
Click to expand...

You and I have a similar strategy :lol:

I also only trade $500 at a time. Since end of July, I’ve been swing trading $QQQ put spreads (sparingly call spreads too). And it’s working so far, I take profits when I see them. Nothing too crazy.
 
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