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05-27-2013, 07:05 PM
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#8651 | I contribute to threads in the offtopic forum
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Originally Posted by trix4kids Thoughts on all this talk of market disillusion, how the market is gona get butt raped after bernanke stops stimilus, sometime in sept I think? Also, I've been consistently doin my shit, have a basic understanding and some strategies ready, my only question is now whether I should start in equities or go straight into options, an experienced trader told me to go straight into options, makes sense since I plan to eventually trade em. | oh god... that's all i have to say
market already knows about benanke dialing back QE and the timeline of August has already been thrown around A LOT, there will be no shitting of the bed on this one, a small pull back, maybe, a sideways market for a bit while we catch our breadth, yes.
in the end of the day, dialing back QE is healthy - it's a sign that stimulus is no longer necessary to save the economy, that the economy, while still shaky, has legs to stand on
i definitely don't think you should play options given what you just posted, unless you're playing on technicals only
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05-27-2013, 07:14 PM
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#8652 | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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wish the fck'ing CAD would go up more so I can buy some more stuff
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05-27-2013, 08:49 PM
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#8653 | I keep RS good
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I think its ok to jump into any market immediately. you just have to paper trade it and know it well enough that... you know what you're fucking doing.
if you wanna jump into options right away, understand the mechanics behind options and paper trade it to hell and along the way you'll probably learn to do all the other basics. read charts, understand reports and whatever.
99% of options expire worthless, but 99% of people that put money into markets lose money overall. so... lol.
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05-27-2013, 08:54 PM
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#8654 | I *heart* Revscene.net very Muchie
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trix if you jump into weeklies right away without understanding perception and volatility prepare to get ass raped .. monthlies easier on the heart lol
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05-28-2013, 08:30 AM
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#8655 | Ready to be Man handled by RS!
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Originally Posted by 4444 oh god... that's all i have to say
market already knows about benanke dialing back QE and the timeline of August has already been thrown around A LOT, there will be no shitting of the bed on this one, a small pull back, maybe, a sideways market for a bit while we catch our breadth, yes.
in the end of the day, dialing back QE is healthy - it's a sign that stimulus is no longer necessary to save the economy, that the economy, while still shaky, has legs to stand on
i definitely don't think you should play options given what you just posted, unless you're playing on technicals only | Yeah, I asked for your thoughts as I am a little confused about the entirety of the situation as I don't follow macros that much, thank you for giving me some clarity. And yes I would be trading based on technicals, thanks for all the feedback, definitely won't be trading weeklies right away lol, I do understand some pretty basic mechanics of options, and I have been consistently doing my technical research, I think the next step for me is to paper trade the shit out of them.
Last edited by trix4kids; 05-28-2013 at 08:36 AM.
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05-31-2013, 01:21 PM
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#8656 | My homepage has been set to RS
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LOL sell in May, go away
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05-31-2013, 04:16 PM
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#8657 | I contribute to threads in the offtopic forum
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Finally. Recovering some of my losses on my oil and gas short. |
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05-31-2013, 07:46 PM
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#8658 | I *heart* Revscene.net very Muchie
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Whoever caught that short EOD, my fucking hat is tipped to you because no one in their right mind was anticipating that shit ... Went to the gym at 12:30, stuck with long amzn 275s for next week gonna get SMOKED monday.
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06-06-2013, 08:43 PM
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#8660 | I don't get it
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If it rallies in the AM. We are doomed Posted via RS Mobile |
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06-06-2013, 08:53 PM
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#8661 | Rs has made me the man i am today!
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We'll see what the Job Report says tomorrow.
FWIW, Nikkei and Hang Seng are down 200+ points.
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06-06-2013, 09:29 PM
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#8662 | My homepage has been set to RS
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Me thinks there's green tomorrow.
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06-06-2013, 09:37 PM
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#8663 | I *heart* Revscene.net very Muchie
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gonna be the bold one and say down 20 pts on spx... |
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06-06-2013, 10:11 PM
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#8664 | I keep RS good
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it'll probably spike both ways before going one direction.
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06-07-2013, 07:13 AM
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#8665 | I don't get it
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It's cash out time. 715am pst Posted via RS Mobile |
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06-07-2013, 02:30 PM
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#8666 | I keep RS good
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shawnly wins the bet. lol.
starting to look into future options. put in a paper trade yesterday. option straddle on ES m3 futures. bought a put and call at 1620 strike. expires on the 21st, we'll see how it goes.
Last edited by Ulic Qel-Droma; 06-07-2013 at 02:36 PM.
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06-08-2013, 11:38 PM
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#8667 | I *heart* Revscene.net very Muchie
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Probably gonna head back to 1680s... crazy aint it.. shit.
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06-09-2013, 03:26 PM
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#8668 | I don't get it
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Taking a flyer this week on bldp Posted via RS Mobile
Last edited by lime56; 06-09-2013 at 08:06 PM.
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06-12-2013, 01:42 PM
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#8669 | My homepage has been set to RS
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Safeway...beastlyyyy after selling Canadian operations to Sobeys for 5.8 billion CAD
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06-12-2013, 03:33 PM
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#8670 | I keep RS good
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SP500 wedge, apex of the wedge is next friday (also option expiry).
guarantee it will break before end of NEXT friday (21st)
big fed announcement on wed too.
plan for it! it will be a good trade.
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06-12-2013, 04:26 PM
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#8671 | My homepage has been set to RS
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Originally Posted by Ulic Qel-Droma SP500 wedge, apex of the wedge is next friday (also option expiry).
guarantee it will break before end of NEXT friday (21st)
big fed announcement on wed too.
plan for it! it will be a good trade. | Regarding Fed, FWIW, Treasury $TLT roll of 50,000 June $117 puts to 100,000 July $112 puts - June puts sold $4.75, opened 5-13 and 5-15 at $1.67/$2.03
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06-13-2013, 07:24 AM
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#8672 | RS.net, where our google ads make absolutely no sense!
Join Date: Oct 2003 Location: VAncouver
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Today, they punish the evil short sellers. How dare they!
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06-13-2013, 08:38 PM
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#8673 | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
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Originally Posted by Ulic Qel-Droma SP500 wedge, apex of the wedge is next friday (also option expiry).
guarantee it will break before end of NEXT friday (21st)
big fed announcement on wed too.
plan for it! it will be a good trade. | I've been giddy like a little school girl for next FOMC meeting... its gonna be a 5 bag type of day hehe
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06-18-2013, 10:27 AM
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#8674 | I *heart* Revscene.net very Muchie
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Holding 700 of Next weeks BAC 13.5 THRU FOMC. big balls ass go big or go home play, get ready to laugh at me #timestamped (lolol)
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06-19-2013, 01:39 PM
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#8675 | I don't get it
Join Date: Mar 2011 Location: vancouver
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jacked!!!!
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