Crypto thread

I think if you has a decent time horizon (2 years), you could do really well with oil, particularly with some of the smaller producers.  I like both Parsley Energy and Diamondback if you want to have a more risky play.  These guys are down ~ -70% on the year, and don't have ridiculously high levels of debt.  

I just remain convinced that $50/barrel oil is a reasonable price target in a few years (if not more) . 

Doesn't a barrel cost Saudi Aramco like $3?

HD put +$5000 

Sold HD put $4.60 

+$5200 

Should I have let it run? 

This is why I say to always have a plan going into the trade.  Glancing at it it hit 6.40 earlier, right?

So, the plan could have been to have your limit and stop orders in — right after you purchase.  That way you are never second-guessing yourself.  

Another plan is to sell enough to lock in a nice profit and let the rest run some more.  Another option is to adjust the limit and stops as it moves in your direction.  Another plan is once you sell these move some to a further date — if you still like the movement.   

There are a lot of ways to go.  That is why I always say have a plan going in.  

If you even have a limit sell in at a way-over expected price AND you have time left — then the it may get triggered higher than you expected it to.  And then slowly adjust it down as time goes, etc.  Many ways to go.  But have a plan in place. 

Yep it did hit $6.40. But I never would have put the sell that high. I see what you’re saying though. 

Okay— so no need to second guess then. So, you should not have let it run.  

But never forget there is a huge time premium — with further out options you can play around more.  But the plan has to be more stringent this close in.  

I bought a put on Hilton yesterday as well 

Exp 10/16 avg cost $4.50 

That thing barely budged (+$250) 

The short term ones can really fly huh? 

Raiders, what stocks are you looking at for shorts? 

I know you have a handful 

I don’t really invest in single stocks.  But I will from time to time ‘gamble’ with day trading.  I used to do it a lot because I had more free time on my hands.  I just have to have the time and a good reason. Over a long period of time I have noticed certain things with some sectors or certain stocks that I will trade if I happen to see it happening.  For example, the other day I got a position in MSFT.  But unless a couple of people that I know and trust point out something to me, I’m not day trading.  I just don’t have the time to make sure I’m doing the research needed.   

So, right now I don’t have my eye on any individual stock.  If someone mentions something to me or if I come across something in the news — then I may do some research on a particular stock.  

I did say you have a have decent time horizon, too, right ? 

Ok this is how a newb loses back his HD gains 

TSLA $632.5 put 4/24 

3 contracts — Avg cost $13.70 

+$1000 in 30 minutes 

Put sell order at $30 

These things are pretty intense watching the chart as if I’m at the dog track 

Should have sold Tesla put 

What do you guys think of a short term call on LQD? 

Maybe go heavy on a call here before the bell hoping that was an inverse head and shoulders and we get a little pump within a week. 

LQD $132.5 call 

exp 5/1 10 contracts avg cost $0.90 

What are the sell orders 

Not really sure what I was doing there tbh.  Gonna let it ride for a bit. 

But take a look at that chart. If that’s not an inverse head and shoulders I don’t know what is. 

But you gotta have a plan. Right?

Hello all, I'm glad I was pointed at this thread. Its has been tough without betting sports and have been putting my energies into investing. I have been buying stocks for the past 2 weeks and been trading options for the past week and it has been positive. Let me hear the winners and insights you got fellas!

Been looking into these stocks below...let me know what you think

blockchain

AI 

memory technology 

Precision Medicine

All of a sudden the crypto thread has turned into a casino craps table! 

Congrats on your success shorting the markets Detox. I'll pass the dice and let you roll on!

The market has closed up the last 3 times the day jobless numbers were released. 

4 for 4? 

-$1300 on Tesla put