Recent content by optonly

A little of topic from NVDA, but take a look at MGA. Rumors of agreement with AAPL for the I-car, or whatever it's called. They just signed an agreement with Innoviz, who specializes in lidar tech. Great stock to buy and hold otm future calls on this next bounce.

Nvda will be used in tons of auto driving tech. AI and games are not large enough to bring big money into it. Not sure where it'll stop, but for now is definitely a momo bullish trade almost daily.

True or not, I'm sure there are characters taking advantage. FB may even have bots to generate more ad revenue. Look at there statements about over eatimating ad views lately. FB is a definite short. They do not generate revenue any other way.

Actually just passed the 57 on my second attempt. All i can say is study study study, i ended up just rewriting the stc guide all over the last week before my exam. The firm i joined also provided me with other resources as well. Prop firms are a great option if you've become consistent and need...

Ultimately use what works for you. If you find this works, stick with it.

I only use actual trailing stops on a runner position. Say i pick up 10 calls, first 5 out at a predetermined profit level, then I'll scale out and hold the last 2 typically with a trailing stop, but only with ITM contracts. Works great for my strategies.

You'll find no one here that'll really help you. Pm me and i can share a large library of online books if you like

Honestly tho, after last week's candle finished, who would really stay in a long position?

Only thing you need to learn is market psychology of candles. Then practice practice practice.

This whole thread only points out that you need to step back, study and practice practice practice. Either use pen and paper or a demo account. If you just want up search all over the net, the best resource I've come across is www.thepatternsite.com by Thomas Bulkowski. He's also written...

SS, If you only have a small amount of capital, you can try your hand at options in a cash account. IMO start with 500-1000, place a few small trades and see how it goes. First study and get yourself familiar with options pricing, and the basic greeks (Delta and Theta are all I'm concerned...

Always following 1hr trends for my setups and only when it's obvious to me. There is a lot of times I'm simply waiting for a setup.

I do day trade options, FB, AAPL, TSLA, occassionally AMZN or GOOGL and will say it is possible to make consistent gains. I normally pay little to no attention to the Greeks as my holding time is 15 min to 2 hrs most days...Delta is the only thing that I'm interested in. I close positions fast...

There area a couple books out there by Thomas Bulkowski with studies behind nearly every candlestick pattern you'll see. I strongly recommend reading them. It is very easy to trade price action only when you understand the psychology behind them. There really are only 3 or 4 individual sticks...

Yes completely doable. But all traders are different. What works for one surely won't work for another. I only use rsi macd volume and 2smas on my analytical time frame 1hr. The actual trading time frame 5min. price action and volume focusing on specific candles, early in the day, long wicks...