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12-07-2016, 05:19 PM | #526 |
MVP
Join Date: May 2001
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Posts: 18,223
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12-12-2016, 08:48 AM | #527 |
MVP
Join Date: May 2001
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Bought 12 calls on USO last Friday at .07. Opening bell today they jumped to .18. On a $72 dollar investment the return so far is 175%. Market value of $218.
USO 10.5 put's are basically kaput but no reason not to see it to the end. $70 investment has a market value of $15. Loss of market value, 81%. No reason not to ride it out. BAC I won't get too specific but market value on initial investment has risen 201% in less than 10 days. Options are so fun. |
Posts: 18,223
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12-12-2016, 08:57 AM | #528 |
MVP
Join Date: Jan 2015
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Anyone participated in, or looked closely into MOMO or Momentum Day Trading? Is there truly a rhythm and reason or are these guys scam artists selling coursework?
Thoughts? |
Posts: 6,546
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12-12-2016, 09:07 AM | #529 | |
MVP
Join Date: May 2001
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Quote:
Get a program like TC2000. Set up a account with a firm like TDAmeritrade or similar. |
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Posts: 18,223
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12-12-2016, 09:47 AM | #530 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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There are a shitload of scams but some legit stuff. A lot of it is complicated and takes a lot of calculus to actually calculate. It also takes a pretty sizeable amount of capital to start as there will be losses.
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Posts: 57,742
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12-12-2016, 09:58 AM | #531 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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This thread has delivered!
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Posts: 52,239
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12-12-2016, 10:53 AM | #532 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Then it rolls over. And you think to yourself, "I'm so damn smart I have this hedged and so all I have to worry about is the basis. So you sell the hedged bushels at harvest and all is well right? Well while the market was going down, the put was making about half the money that the bushel was losing. FUUUUCK it's a good tool and it certainly is cheap to run. But the bottom line is that you have to be right on the direction of the move or you are giving it away anyway. And if you are going to be right you just as well own the contract. That's how it works on the commodity side anyway. |
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Posts: 57,742
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12-31-2016, 12:52 AM | #533 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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And the year is over.
I'm pretty pleased with this year. Portfolio-wide, I got a return of 14.6% in 2016. I'll take that every year and be thrilled. How did others do? What worked and what didn't? |
Posts: 142,749
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01-08-2017, 08:29 PM | #534 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Any recommendations for sectors that lagged in 2016 and can be used for increasing what could be minimal gains in 2017?
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01-08-2017, 09:46 PM | #535 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
I trade options as well but usually $1,200-$5,000 and I like lot's of leverage like you do by buying some that are under .25 a contract. I've just missed some real grand slams. |
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Posts: 52,239
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01-08-2017, 09:51 PM | #536 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
I was all pretty much growth stocks in US with about 20% international, which was a laggard. I also had 15% in a growth and income fund which I switched out a few months back due to rising interest rates. NO BOND FUNDS FOR A WHILE |
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Posts: 52,239
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01-08-2017, 10:56 PM | #537 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Quote:
I probably should have more international stocks. I pretty much stick to dividend stocks these days, and for some reason the ones I like tend to be American. |
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Posts: 142,749
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01-08-2017, 10:58 PM | #538 |
A certain set of skills
Join Date: Dec 2003
Location: texas
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01-08-2017, 11:01 PM | #539 |
Snacks Are Under My Apron
Join Date: Jan 2006
Location: The Edge
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I invested in a bunch of red tape bananas. When the stock is ripe I am going to roll them over into bread. Profit
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Posts: 24,580
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01-08-2017, 11:04 PM | #540 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,749
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