thanks. I understand the risks, but it's one I'm willing to take becomse I'm so confident the spooz will retest 900 soon.
I'm buying calls
- Thread starter stock_trad3r
- Start date
thanks. I understand the risks, but it's one I'm willing to take becomse I'm so confident the spooz will retest 900 soon.
so why do you think this rally has any staying power? i'm not saying that it doesn't, but you seem completely convinced that you're right. the best mind in the world wouldn't write with your conviction, but here you are.
trading is about probabilities in the end, and, if there's one thing you should have learned by now, it's that nothing is guaranteed.
trading is about probabilities in the end, and, if there's one thing you should have learned by now, it's that nothing is guaranteed.
Paper Mache trader!
Quote from stock_trad3r:
So far things are going better than expected. I'm ahead on all purchases, but obviously that can change very quickly (but I will succeed or else I wouldn't have done this).
Anyway, I put in more money than I expected. I made the final purchase 30 minutes b4 the close and started 80 minutes before. So all I can do now is wait.
With the Dow making yet another intraday high it's time to sing a song
happy birthday to me
happy birthday to me
I'm going to make so much money
happy birthday to me
Since October 10th the sp00z has been trading like a wave with a bottom at 800 and a top at 930 or so. We've bounced off the lows of 800, so the next target is 900.
Perhaps this is more for other new traders as I have doubts that this concept will matter to you at this point.
Sometimes when you win you still lose. This over simplifies it but I think helps get the point across.
If you took all your money and bet it on a bet with a 90% chance of winning but you bet all you have every time you will end up losing all your money even if the payoff is 5x your original outlay.
Regardless of your odds you should never be 'all in' in the market and especially so in a concentrated manner.
Again, I hope your trade works out well but I fear that in the end it will not matter.
Nassim Taleb had a good illustration of this.
He said he was having dinner with his friend one night, and they flipped a coin to determine who would pay for the meal. Taleb's friend won the coin toss and got a "free" meal. Sort of. This is because the friend still paid for half of the meal probabilistically.
He said he was having dinner with his friend one night, and they flipped a coin to determine who would pay for the meal. Taleb's friend won the coin toss and got a "free" meal. Sort of. This is because the friend still paid for half of the meal probabilistically.
You said you were "FULLY VESTED" about a week ago.. I guess that was another lie from Stock_Trad3r
