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05-27-2013, 07:05 PM
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#8651 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
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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
Posts: 4,771
Thanked 345 Times in 178 Posts
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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
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
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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
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
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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!
Join Date: May 2012 Location: burnaby
Posts: 89
Thanked 21 Times in 14 Posts
Failed 1 Time in 1 Post
| Quote:
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
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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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
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,596
Thanked 1,022 Times in 450 Posts
Failed 54 Times in 30 Posts
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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
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
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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
Join Date: Mar 2011 Location: vancouver
Posts: 444
Thanked 333 Times in 77 Posts
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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!
Join Date: May 2002 Location: van
Posts: 3,412
Thanked 494 Times in 214 Posts
Failed 46 Times in 23 Posts
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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
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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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
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
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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
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
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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
Join Date: Mar 2011 Location: vancouver
Posts: 444
Thanked 333 Times in 77 Posts
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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
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
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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
Join Date: Dec 2007 Location: vancouver
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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
Join Date: Mar 2011 Location: vancouver
Posts: 444
Thanked 333 Times in 77 Posts
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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
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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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
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
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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
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
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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
Posts: 993
Thanked 864 Times in 179 Posts
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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
Posts: 3,550
Thanked 4,012 Times in 988 Posts
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| Quote:
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
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
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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
Posts: 444
Thanked 333 Times in 77 Posts
Failed 359 Times in 46 Posts
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jacked!!!!
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