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#16,680
#16,680
I also get triggered on days like today. Up significantly in the first hour of the trading day and have given more than 90% back. It might end up closing as a down day after starting way, way up. A lot of times it’s a complete reversal. Start 0.75% or 1% up and closing 0.75% or 1% down. I should go rake leaves instead of watching.
 
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#16,681
#16,681
Thunder Good-Oil said:
I also get triggered on days like today. Up significantly in the first hour of the trading day and have given more than 90% back. It might end up closing as a down day after starting way, way up. A lot of times it’s a complete reversal. Start 0.75% or 1% up and closing 0.75% or 1% down. I should go rake leaves instead of watching.
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Yes, I had to get away from that style of trading. felt useless at end of the day
 
#16,683
#16,683
Well, I’m back to only being off 50% of my early gains after giving back more than 90% less than 30 minutes ago. I think most are getting positioned before the holiday and will shut it down for the week pretty soon. Except for the trading bots.
 
#16,685
#16,685
Jax_Vol said:
Good! Yeah, that is more in line with what I'm doing.

Makes you sleep better at night!!!
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It wasn’t too many years ago that I sweated out frequent margin calls. I probably had a few hundred mostly in 2006 and during the Great Recession. Several more closer to the dot com bubble. I had to empty out bank accounts and was forced to liquidate shares many times.

It conditioned me to not worry about fluctuations. Now I keep the margin balance quite low and have cash on the side to pay down the balance if needed - but I don’t expect to ever have another margin call unless there’s a WW3, the US government is overthrown, and/or somebody starts tossing nukes around the planet. I guess defaulting in the ND would create chaos as well.
 
#16,686
#16,686
Thunder Good-Oil said:
It wasn’t too many years ago that I sweated out frequent margin calls. I probably had a few hundred mostly in 2006 and during the Great Recession. Several more closer to the dot com bubble. I had to empty out bank accounts and was forced to liquidate shares many times.

It conditioned me to not worry about fluctuations. Now I keep the margin balance quite low and have cash on the side to pay down the balance if needed - but I don’t expect to ever have another margin call unless there’s a WW3, the US government is overthrown, and/or somebody starts tossing nukes around the planet. I guess defaulting in the ND would create chaos as well.
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Glad some people seem to think the ND is a real problem that will likely get worse. I doubt any politicians will do anything about it though.
 
#16,687
#16,687
Go aeiou said:
Glad some people seem to think the ND is a real problem that will likely get worse. I doubt any politicians will do anything about it though.
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Imagine what would happen if we got back to Jimmy Carter era interest rates with $35 trillion debt on the government balance sheet.

At least it’s not as extreme when lining the ND up with the GNP/GDP. But we need at a minimum a debt freeze along with substantial economic growth.

Unfortunately most voters don’t know what the deficit or ND is. Many are only aware that they get a monthly check from the government without understanding how inflation wrecks those benefits.
 
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#16,689
#16,689
Thunder Good-Oil said:
Which one? I don’t want to buy the $37s for $2 that I sold for $1.25. I’ll just let the shares get called. Now the 12/6/2024 $40.5s are about to be in the range to trigger more shares being called.
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I was saying that you could have rolled the $37 calls up to $40.5 for a net $3 premium and $2.50 in strike increase. Then if it hit $40.5, you would make $5.75 instead of $1.25. (Buy to close the $37 at $2 ($1.25-$2 = -$.75) Sell the $40.5 at $3 ($3-.75 = $2.25) then if it hits $40.5 you would make ($40.5-$37 = $3.50) + the additional $2.25 would be $5.75 more than the original transaction. Even if it didn't close in the money, you would make $2.25.
 
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#16,690
#16,690
Thunder Good-Oil said:
Imagine what would happen if we got back to Jimmy Carter era interest rates with $35 trillion debt on the government balance sheet.

At least it’s not as extreme when lining the ND up with the GNP/GDP. But we need at a minimum a debt freeze along with substantial economic growth.

Unfortunately most voters don’t know what the deficit or ND is. Many are only aware that they get a monthly check from the government without understanding how inflation wrecks those benefits.
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Which is why the politicos love inflation. They know it's a tax and that the proletariat is too stupid to realize it.
 
#16,691
#16,691
SpaceCoastVol said:
I was saying that you could have rolled the $37 calls up to $40.5 for a net $3 premium and $2.50 in strike increase. Then if it hit $40.5, you would make $5.75 instead of $1.25. (Buy to close the $37 at $2 ($1.25-$2 = -$.75) Sell the $40.5 at $3 ($3-.75 = $2.25) then if it hits $40.5 you would make ($40.5-$37 = $3.50) + the additional $2.25 would be $5.75 more than the original transaction. Even if it didn't close in the money, you would make $2.25.
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What expiration date was on the $40.5 that could have been sold for $3? The $37s are 11/29.

HOOD closed at $36.42 and is at $37.35 in the pre-market. 2 light trading sessions left.
 
#16,692
#16,692
SpaceCoastVol said:
Which is why the politicos love inflation. They know it's a tax and that the proletariat is too stupid to realize it.
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I am a genetically happy person, and this kind of "other-people-are-so-much-less-than-me" stuff just seems so wrong to me. I just assume everybody understands it perfectly. It's a tax on people with money; there's no reason the "proletariat" would have a problem with that. Government benefits are almost all indexed to inflation [bonus if you can name a non-stupid example], so the people on SS aren't worried. They used to refer, 20 years ago, to people on social security as living on a "fixed income" but that's an out-of-date concept.

The target, and the fact that there needs to be one, is based on the belief system of the popular economists. It is what it is.

Hard to imagine a world where the USA was on the gold standard, but that was really not very long ago at all.
 
#16,693
#16,693
Firebirdparts said:
I am a genetically happy person, and this kind of "other-people-are-so-much-less-than-me" stuff just seems so wrong to me. I just assume everybody understands it perfectly. It's a tax on people with money; there's no reason the "proletariat" would have a problem with that. Government benefits are almost all indexed to inflation [bonus if you can name a non-stupid example], so the people on SS aren't worried. They used to refer, 20 years ago, to people on social security as living on a "fixed income" but that's an out-of-date concept.

The target, and the fact that there needs to be one, is based on the belief system of the popular economists. It is what it is.

Hard to imagine a world where the USA was on the gold standard, but that was really not very long ago at all.
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The “proletariat” have traditionally voted overwhelmingly for one side and I’d figure it’s motivated by hopes of bigger government checks without seeing the big economic picture.
 
#16,694
#16,694
Thunder Good-Oil said:
What expiration date was on the $40.5 that could have been sold for $3? The $37s are 11/29.

HOOD closed at $36.42 and is at $37.35 in the pre-market. 2 light trading sessions left.
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I have to apologize. I think I was looking at puts, but I don't remember now. I use different platforms and they present differently.

Anywayyyyyyy.....
 
#16,695
#16,695
SpaceCoastVol said:
I have to apologize. I think I was looking at puts, but I don't remember now. I use different platforms and they present differently.

Anywayyyyyyy.....
Click to expand...

Since I’m in effect just getting paid to place limit orders to sell shares I’ll let the chips fall where they may. If they aren’t called I’ll sell the calls again.
 
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#16,699
#16,699
#16,700
#16,700
If you had to give a number, what number do you consider, as they say, “F you!” money? That definition to me is that someone is set up so well that their current situation does not diminish at all as they move into retirement, but likely continues to improve, where they can handle any expense that may come up, be it renovations, new car, vacations, continue their normal hobbies and activities, insurance increases, medical bills, etc., with their retirement savings generating about 5-7% return annually to live off of and barely ever touch your principal.
 
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