He thinks shit coins are the way to 5, 10, or 100x his money

I’ll have to start lurking smg more often. I usually lurk on wallstreetbets but it’s mainly people posting their massive gains and massive losses. You can get some good finds but it’s usually far and few between.

So would buying the earnings dips at market open be the best thing? I usually buy before earnings and for options 2 weeks out.

And I made a terrible play here. I put a little over a grand into DOCU and an hour later I sold it and put it all in VRNT for some stupid fucking reason. 2 days later DOCU jumps up over $10 and VRNT craters over $10. That’s what that massive recent drop is for. Also when Robinhood decide to reverse my transfers and my account went negative.

So any tips would be good!

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I never buy at market open because it's impossible to get a feel for sentiment directly after a dump, wait for it to find a bottom and when it begins to recover (which is sometimes days after for SOLID recovery and not dead cat bounce) I buy calls

I also rarely hold through earnings and buy month or two out instead of a week for reasons listed above.

I'm not experienced (less than two months active trading) so I'm not the best to go to for tips, but my basic strategy is scattered through this thread

I'm not the most active on Jow Forums, so the best way to guide you would be to DOX myself adding you on another site which I don't feel like doing. I trip fag on SMG though if you feel like lurking there and I might eventually feel like putting together a telegram if I become more confident in my trading skills as I'm still super new to non-paper trading.

It'll never go tits up right.

Based optionschad

It should also be noted when I have day trades available I buy and sell calls on general upward trends (such as LCI recently) without waiting for a dip for an entry point. In addition to that the only short prediction I've ever tried (GME) I lost on and sold for a 50% loss

My trip on smg for options is GonnaLoseItAll, I'm aware of my noob status and general volatility of options trading, but I never go all in on my positions, see my other post of GME failure

Do yourself a favor and take that money as profit. Look up core number trading and thank me later. Dont be a dumbass and bet it all again

asuka post because dont bet against meme magic fren

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Alright, thanks so much. I appreciate it.

Yeah I know you from /smg/. I started posting there after lurking for a few weeks. It's really the only useful part of Jow Forums now, probably because it obviously skews older.

And I made a terrible play here. I put a little over a grand into DOCU and an hour later I sold it and put it all in VRNT for some stupid fucking reason. 2 days later DOCU jumps up over $10 and VRNT craters over $10.

You tried to time the market. You initially put 1k into DOCU. There must have been a reason you did that. So, what changed with DOCU in 48 hours that made you dump it? Probably nothing.

Isn't the risk on options still massively higher for still smaller reward or comparable reward?
I mean you can actually owe money if you fuck up.

i lost a grand doing options

That's shorts.Or if you're writing calls or puts. Just holding calls or puts limits your loss to whatever premium you paid if the options expire worthless.

options lure in newbs. you win a few, and think you're hot shit. it's fast easy money. but eventually you get rekt, and it dwarfs all of your combined wins.
Especially if you're writing.
> i just look at muh volatility bands, itll never pop out of there I'm fine

Anyone with actual math knowledge here able to recommend a good starting place for learning to price options?

The most advanced math I've done is - I think, and I may be misremembering - a little bit of measure theory from Stein and shakarchi.

I know, you mentioned your trip several times. We have talked in smg on occasion. My question is why are you shilling anything, it's like you need attention or validation of your investment thesis/strategy.

How far out of the money do you play? Or do you buy in the money to stay safe.

Honestly this shit seems extremely luck based. Kind of want to try it, but idk..

You're probably right about the attention aspect of your post because I'm a zoomer with the attention span of a fly, but I don't believe I've been shilling anything. I made this thread as a shitpost because smg dies after hours and I was bored

I don't usually make out of the money bets, if I have the capital I buy calls below the stock price to play it safe, cause the premium still goes up even if you buy a lower strike price

Yeah a lot of it is luck I won't deny that, I'm just hoping I can be lucky right up until I can make solid money off of smarter investing

I know the black-scholes model is commonly used, but it requires you to know some pretty advanced statistics. We did option pricing and hedging using a discrete time model in my stats class in college and I barely understood it because of all hand waving around risk.

You're investing with less than my painfully average weekly wage lol

what app is this?

Robinhood