Originally Posted by KCUnited:
I guess with the intent of making a quick profit on a sudden dip and not holding to expiration. Like a same day window.
I've only traded options a few times though because I find it hard not to stay glued to my screen watching them.
Just don’t get greedy. Profit is profit and I prefer to close puts sooner than calls. No set percentage gain per say but minimum 20% usually depending on how many contracts I purchased. I’ll consider lower profit if I leveraged a bunch of capital to purchase them. [Reply]
Progressive exposure means I don’t initiate any more positions until I see how these play out. Market has been choppy so you don’t move from all cash to all in.
Both trades closed fully today. WIRE for 10% total after final scale out this morning and CROX for 15% on its gap up today. [Reply]
Separate your political bias and investing. I promise you’ll make more money this way.
Only new position for me today was entry on VLRS. I didn’t sell anything today either. Account basically flat.
I'm only politically biased when it comes to my money. Trump was a mouth-breathing chimp but I've never made more money than I did during his presidency. And that's not just from trading stocks. I'm admittedly selfish and dont care, all I care about is my family and my bank account. [Reply]
Originally Posted by MTG#10:
I'm only politically biased when it comes to my money. Trump was a mouth-breathing chimp but I've never made more money than I did during his presidency. And that's not just from trading stocks. I'm admittedly selfish and dont care, all I care about is my family and my bank account.
You’ve also never invested during another presidency. :-)
And clearly you don’t know stock market gains with either party. It largely doesn’t matter who’s in power to “provide” strong bull runs (I also am selfish and don't care who is president and care more about my bank account). [Reply]
President Political Party Years In Office S&P Return (%)
1. William J. Clinton D 1993-2001 210
2. Barack H. Obama D 2009-2017 182
3. Dwight D. Eisenhower R 1953-1961 129
4. Ronald W. Reagan R 1981-1989 117
5. Harry S. Truman D 1945-1953 87
6. George H. W. Bush R 1989-1993 51
7. Lyndon B. Johnson D 1963-1969 46
8. Donald J. Trump R 2017-2020 43
9. Jimmy E. Carter D 1977-1981 28
10. Gerald R. Ford R 1974-1977 26
John F. Kennedy D 1961-1963 16
Richard M. Nixon R 1969-1974 -20
George W. Bush R 2001-2009 -40 [Reply]
Originally Posted by lewdog:
You’ve also never invested during another presidency. :-)
And clearly you don’t know stock market gains with either party. It largely doesn’t matter who’s in power to “provide” strong bull runs.
I said it wasn't just about trading stocks, try to keep up. I made a hell of a lot more under Trump than his predecessor as well.
Lower taxes on the rich, record low unemployment and efforts made to keep jobs in America = stock market pumps. Talk of any tax hikes - ESPECIALLY raising the capital gains tax, killing projects that increases unemployment/raises fuel prices = stock market dump. This isn't as complicated as you're trying to make it. But I know, you're the economy expert and stock market GOD so you do you. [Reply]
President Political Party Years In Office S&P Return (%)
1. William J. Clinton D 1993-2001 210
2. Barack H. Obama D 2009-2017 182
3. Dwight D. Eisenhower R 1953-1961 129
4. Ronald W. Reagan R 1981-1989 117
5. Harry S. Truman D 1945-1953 87
6. George H. W. Bush R 1989-1993 51
7. Lyndon B. Johnson D 1963-1969 46
8. Donald J. Trump R 2017-2020 43
9. Jimmy E. Carter D 1977-1981 28
10. Gerald R. Ford R 1974-1977 26
John F. Kennedy D 1961-1963 16
Richard M. Nixon R 1969-1974 -20
George W. Bush R 2001-2009 -40
Now do Trump's numbers pre-pandemic. None of that shit takes into account horrible things that happened to the country during their tenures. W's economy that Clinton left was rolling too until 9/11...and he was probably the worst President of my lifetime. [Reply]