SVTP stock pick thread.

D1984

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I would agree and disagree. If you're throwing money at OTM calls or puts because they are cheap, your win percentages will look like that.

If you are calculated about what you are doing you can have a really strong win percentage with limited risk, but the payouts aren't the lottery winnings like most people assume/want.

I have a buddy who makes around $120k per year with options and he never risks more than 5% of his portfolio. His win percentage is around 70%, by design, he can push it to 90%-95% but he said by the math it makes more money to shoot for 70%.

Very, very calculated and obscene amounts of smaller trades.

Like 6 hours a day, 3x per week amounts of trades. It's something I want to learn how to do, but I do think he is a little reserved in showing me exactly what he does.

He wants me to understand it and then do it myself, which is honestly the right way.

My thought process is if I'm at a certain risk/reward threshold then I'll just day trade shares, which I used to do all the time. If he is making steady income with options he is probably mostly writing and hedging with small purchases. He also likely has an insanely huge portfolio and that 5% is big money. He is also likely so experienced and does it so much that in order to reach the same level, you will have to either study for years and paper trade or just be prepared to lose a ton of money to learn as you go. Tuition ain't free
 

Weather Man

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My thought process is if I'm at a certain risk/reward threshold then I'll just day trade shares, which I used to do all the time. If he is making steady income with options he is probably mostly writing and hedging with small purchases. He also likely has an insanely huge portfolio and that 5% is big money. He is also likely so experienced and does it so much that in order to reach the same level, you will have to either study for years and paper trade or just be prepared to lose a ton of money to learn as you go. Tuition ain't free

Yep, the market has a flow and the good ones are tapped in at almost an unconscious level. The bots will steal noob money faster than you can say shit!
 

04SVT_COBRA

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wow, something insane just happened. some major news, a fat finger, big boys finally dumping....something. i love the action

edit: found it. Gilead trial failed. can't find an article but that's what i'm hearing
GILD left something on their website before they could release it lol
 

D1984

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i sold off a few of my bearish positions today because the market doesn't seem to want to die even with every indicator showing what should have been the start of a large drop. plus Fed repo operations resume next week. bought a few SPY calls and SPXS puts for late May, and next week i'll probably take on another small bearish bet just in case. i will be doing this on a regular basis. i see it as insurance
 

D1984

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I'm looking to invest in Gold, but not sure where to put my $.
Any suggestions?
NUGT?
GOLD?
GDX?

If you want to actually invest in gold, and I'm not talking about trading, GLD is your best bet in terms of exchange traded instruments. NUGT is a leveraged ETF and decay will kill you. As for the other two, I would stay away from miners because you are going to start to see a lot of them have their mines seized by governments in third world countries. It's already happening. Also, just philosophically why would you want to introduce the added risk of a company when all you want to do is invest in gold?
 

04SVT_COBRA

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I'm not sure about what others think, but isn't physical gold the way to go if being made as an investment? Anything else seems like adding a complication or potential for something to go wrong.
 

D1984

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I'm not sure about what others think, but isn't physical gold the way to go if being made as an investment? Anything else seems like adding a complication or potential for something to go wrong.

GLD is pretty much that. It's backed by actual gold bars. I mean, unless you want to store gold in your house
 

nxhappy

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gold bars and coins sell for MORE than the spot price. IMO I would buy gold bars. several dealers on ebay that are reputable.
 

Weather Man

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Cost average my CNXM or not, sigh...hard to do when your gushing blood not oil.
 

nxhappy

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Cost average my CNXM or not, sigh...hard to do when your gushing blood not oil.
funny me and my buds were talking about CNXM this morning. my buddy asked if he should buy it, I told him to buy in. We shall see what happens tomorrow. I bet it gains 5-10 percent since it took a shit today.
 

Weather Man

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funny me and my buds were talking about CNXM this morning. my buddy asked if he should buy it, I told him to buy in. We shall see what happens tomorrow. I bet it gains 5-10 percent since it took a shit today.

A bounce would not be unexpected, oil gonna be hurting for a bit, I have some time I think to decide.
 

Weather Man

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funny me and my buds were talking about CNXM this morning. my buddy asked if he should buy it, I told him to buy in. We shall see what happens tomorrow. I bet it gains 5-10 percent since it took a shit today.

Small 17 cent bump at open, then negative.
 

2000GTSTANG

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I purchased my first individual stocks yesterday, didn't buy a bunch but I do plan on buying more.

I figured the airlines are a little sketchy at the moment but couldn't pass up on how cheap they were. The chef's warehouse stock, I stumbled upon and figured the restaurant business will eventually bounce back as well.

CHEF (Chef's Warehouse)
SAVE (Spirit Airlines)
DAL (Delta Airlines)
 

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