PL is pumping, not my favorite because they can crush it in a heart beat. Banged out $.30s with BBIG, very cool!
Low Dollar Cheap Ass Trades Journal. Beer Cash 2022.
- Thread starter TrailerParkTed
- Start date
What does this mean in dollars and cents?
If beer drinker / trader Bud were to lay 400 dollars on that trade, how much money would Bud have had for some brewskis?
I allocate $5,000 for highly risky trades, all week I have not exceeded that for penny options. The first trade was SE $170 puts on Mon, paid $4 ave out $7.60 ave. $800 to $1,500 once it fell from $175 to $168.8.
F $24s, $25s next, again on Wed-Thurs.
BBIG $3.00c started buying at .08-.16(Saw wild volume happening at $2.55-$2.75), Last hour spiked driving calls to $.3/.38. 100 contracts only $1000, another 100 $1400. These are flukes, my goal has always been $300-$500 off a $2500-$5,000 account. I leave the Big Bucks for the Elite Heavies and gods like Dest! Still buy cheap beer and jerky!
Hydraulic sandwiches and 'roo jerky sounds good.
Do you have a 'stop' level less than $5k or risk the whole magilla?
If you are trading a $5k allocation with a risk of less than the entire $5k, how much in general are you willing to risk losing on each campaign. Thanks
just spitballing here...
SE puts risk = $5k,
SE profit = ?
F risk = ?
F profit = ?
BBIG risk = ?
BBIG profit = ?
Do you have a 'stop' level less than $5k or risk the whole magilla?
If you are trading a $5k allocation with a risk of less than the entire $5k, how much in general are you willing to risk losing on each campaign. Thanks
just spitballing here...
SE puts risk = $5k,
SE profit = ?
F risk = ?
F profit = ?
BBIG risk = ?
BBIG profit = ?
I will go in to more details after waking up, too much booze last night
! Risk I bail once volume starts slowing taking the hit. Give me a few hours to drink coffee, Cheers!lol, Take your time.I will go in to more details after waking up, too much booze last night
By the way, what's on your hangover cure list?
I play momentum and stocks taking out their recent highs. Today BBIG starts acting up on the $5 Calls. I slowly will take 10-20 contracts getting a feel for the trade. Once it feels like its obeying me, add more and more until the steam gets let out. In BBIG still, the $5s, its been freaking out.
Edited: Risk started out with $600-$1200, scaling up eventually had $2,000 until BBIG proved it was going to crush $5.00.
Also Menudo and Pozole help with hangovers
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Wed, BBIG $5 calls and $4 puts, $1688, $65 NEM calks 50@.4-.5s, average out +$1,000, NVAX puts $550
(Tuesday)$1200 DWAC $85Calls.
In modest account Bought X000 UL $46.09-$46.25.
(Tuesday)$1200 DWAC $85Calls.
In modest account Bought X000 UL $46.09-$46.25.
Arrogance, LAZR $17c at $.4-$.43, options instead of selling at $.5, took a loss of $600. Dooh instead of a gain of $500.
15@ 1.18 selling above $2
