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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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Abba-Dabba 03:05 PM 01-11-2017
Originally Posted by lewdog:
Is this trading your main source of income?
Oh no. I wish I didn't have to work for someone else.
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Abba-Dabba 03:11 PM 01-11-2017
Originally Posted by RubberSponge:
Just bought back into BAC. 23 calls, expire on Jan 20th. Paid .39.

Pretty much same position as last, just a week less time. Same strategy. Be out of them by this Friday morning.
At close this was at .54. Bought in at 12:25-12:30pm for .39. 34.62% gain in 2 and a half hours. I look at that gain as insurance in case tomorrow BAC goes down a little. Set up for Friday morning earnings to make the option price spike in the morning. I should be out by noon. If not, I have till the 20th to make a decision. But I don't really to want to hold this position over the weekend.
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lewdog 05:20 PM 01-11-2017
What brokerage provider are you using?
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Abba-Dabba 06:11 PM 01-11-2017
Originally Posted by lewdog:
What brokerage provider are you using?

I trade through TDAmeritrade. I use Worden TC2000 for charts and other notes. Charts I mainly follow are, price, volume, rsi, money flow, momentum, and fast stochastic.
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scho63 09:42 AM 01-12-2017
I play options to hit a home run or grand slam. I see it as 100% risk dollars as I have no hedging strategies to offset any losses nor do I write options against stock.

I buy puts and calls only, not index options.

I had one good hit last year with Nuance, NUAN, made $11,400 on a $1,500 investment. I've also lost a TON of money since 2009, all risk dollars.
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Dunit35 10:58 AM 01-12-2017
Anybody see Amazon came out with a new card with 5% cash back on Amazon purchases. We use Amazon a lot and was thinking about getting it.

And yes, we pay off monthly.
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Buehler445 11:45 AM 01-12-2017
Originally Posted by Dunit35:
Anybody see Amazon came out with a new card with 5% cash back on Amazon purchases. We use Amazon a lot and was thinking about getting it.

And yes, we pay off monthly.
I need to get this done.

Our card for personal stuff is a Cabela's CLUB card. Which I'm going to dump because Bass Pro is rolling that business into Chase. I know a lot of people at WFB... :-)
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ChiliConCarnage 11:56 AM 01-12-2017
Originally Posted by Dunit35:
Anybody see Amazon came out with a new card with 5% cash back on Amazon purchases. We use Amazon a lot and was thinking about getting it.

And yes, we pay off monthly.
They actually modified the existing card
It used to be 3% amazon/2% some categories like restaurants, etc. 1% everything else

They modified it to where non-prime members get 3% but prime members get 5% now. Pretty sweet.. I'm assuming they'll get rid of the Amazon Prime Store card that used to give 5% off at Amazon with nothing else.
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Abba-Dabba 12:16 PM 01-12-2017
Originally Posted by scho63:
I play options to hit a home run or grand slam. I see it as 100% risk dollars as I have no hedging strategies to offset any losses nor do I write options against stock.

I buy puts and calls only, not index options.

I had one good hit last year with Nuance, NUAN, made $11,400 on a $1,500 investment. I've also lost a TON of money since 2009, all risk dollars.
Very nice. How long did it take for that position to play itself out?

Options are just a fun game to me. I don't really care about losing too much because it is going to happen with options whether you like it or not. I try to limit losing by taking short, less expensive positions. OF course there is more to it than just that. But nonetheless, if I make money, great!. If I lose, I hope to learn something. I do not concern myself with any fees either. That is just part of the game. I will say I have made more money than lost. But most of that has just come down to luck.
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Abba-Dabba 12:20 PM 01-12-2017
Originally Posted by RubberSponge:
At close this was at .54. Bought in at 12:25-12:30pm for .39. 34.62% gain in 2 and a half hours. I look at that gain as insurance in case tomorrow BAC goes down a little. Set up for Friday morning earnings to make the option price spike in the morning. I should be out by noon. If not, I have till the 20th to make a decision. But I don't really to want to hold this position over the weekend.
Still like the position I am in with this trade. BAC took a step back while some repositioned money. If BAC goes down tomorrow. Which I don't anticipate in the morning. I will hold on probably over the weekend. If it spikes on earnings, I'm selling out.
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EyePod 12:23 PM 01-12-2017
100% VTSAX for life! No thought required and better than any actively managed fund.
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Dunit35 12:59 PM 01-12-2017
My only question is.

I have three cards already. All with zero balances. One I haven't used since 2010 and only keep it because it is my oldest account. Should I cancel it? We will be upgrading houses in 4-5 years and I want a top notch score.
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Abba-Dabba 01:25 PM 01-12-2017
Originally Posted by scho63:
I play options to hit a home run or grand slam. I see it as 100% risk dollars as I have no hedging strategies to offset any losses nor do I write options against stock.

I buy puts and calls only, not index options.

I had one good hit last year with Nuance, NUAN, made $11,400 on a $1,500 investment. I've also lost a TON of money since 2009, all risk dollars.
Do you ever buy anything other than a long call or put?
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scho63 02:17 PM 01-12-2017
Originally Posted by RubberSponge:
Do you ever buy anything other than a long call or put?
I buy MOSTLY short term calls or puts that expire within the week. I've even bought options on a Friday morning that expire at the end of the day hoping to catch a big move with high leverage.

I have to be careful because twice this year I was designated as a day trader for moving in and out of more than 4 round trips in a single day and it caused all kinds of alarm bells.

I need to keep $25,000 minimum in my trading account to satisfy Scottrade if I want to day trade so I don't do it.

One time was an error because I liquidated options that were in the money over two days and in 5-10 contract blocks instead of selling all 70 at once. Got hit with like 6 R/T trades on that the way the new rules apply.

Do you ever notice how traders try to move a stock to close at the strike price on Friday's close?
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DaFace 05:04 PM 01-12-2017
Originally Posted by Dunit35:
Anybody see Amazon came out with a new card with 5% cash back on Amazon purchases. We use Amazon a lot and was thinking about getting it.

And yes, we pay off monthly.
Saw that. I already had the card, so it's nice to just have a new perk. :-)
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