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#496 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-700000
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Quote:
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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Posts: 54,911
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#497 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1355266
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Posts: 59,928
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#498 | |
MVP
Join Date: May 2001
Casino cash: $3582970
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Quote:
BAC closed at 22.55 today. I bought late last night, out of the money at .26 per contract for 22.5 calls. 20 contracts. The options are at .44 now. If I sold out, that would have been a nice day's work in the money. But I'm waiting and still have 8 days. |
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Posts: 18,278
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#499 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $-150000
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Options are designed for risk hedging, folks..
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Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
Posts: 45,204
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#500 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1355266
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Posts: 59,928
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#501 |
MVP
Join Date: May 2001
Casino cash: $3582970
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Posts: 18,278
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#502 |
MVP
Join Date: May 2001
Casino cash: $3582970
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Bought 12 calls on USO last Friday at .07. Opening bell today they jumped to .18. On a $72 dollar investment the return so far is 175%. Market value of $218.
USO 10.5 put's are basically kaput but no reason not to see it to the end. $70 investment has a market value of $15. Loss of market value, 81%. No reason not to ride it out. BAC I won't get too specific but market value on initial investment has risen 201% in less than 10 days. Options are so fun. |
Posts: 18,278
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#503 |
Simmons @ 32 > Fisher @ 1
Join Date: Jan 2015
Casino cash: $293065
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Anyone participated in, or looked closely into MOMO or Momentum Day Trading? Is there truly a rhythm and reason or are these guys scam artists selling coursework?
Thoughts? |
Posts: 7,427
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#504 | |
MVP
Join Date: May 2001
Casino cash: $3582970
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Quote:
Get a program like TC2000. Set up a account with a firm like TDAmeritrade or similar. |
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Posts: 18,278
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#505 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1355266
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There are a shitload of scams but some legit stuff. A lot of it is complicated and takes a lot of calculus to actually calculate. It also takes a pretty sizeable amount of capital to start as there will be losses.
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Posts: 59,928
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#506 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-700000
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This thread has delivered!
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__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
Posts: 54,911
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#507 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1355266
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Quote:
Then it rolls over. And you think to yourself, "I'm so damn smart I have this hedged and so all I have to worry about is the basis. So you sell the hedged bushels at harvest and all is well right? Well while the market was going down, the put was making about half the money that the bushel was losing. FUUUUCK it's a good tool and it certainly is cheap to run. But the bottom line is that you have to be right on the direction of the move or you are giving it away anyway. And if you are going to be right you just as well own the contract. That's how it works on the commodity side anyway. |
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Posts: 59,928
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#508 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $-442449
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And the year is over.
I'm pretty pleased with this year. Portfolio-wide, I got a return of 14.6% in 2016. I'll take that every year and be thrilled. How did others do? What worked and what didn't?
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Active fan of the greatest team in NFL history. |
Posts: 145,241
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#509 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
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Any recommendations for sectors that lagged in 2016 and can be used for increasing what could be minimal gains in 2017?
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Posts: 46,296
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#510 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-700000
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Quote:
I trade options as well but usually $1,200-$5,000 and I like lot's of leverage like you do by buying some that are under .25 a contract. I've just missed some real grand slams.
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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Posts: 54,911
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