RM's occasional market calls...
- Thread starter Rearden Metal
- Start date
As satisfied as I am with ADT, my timing in gold was in fact lacking. I started putting on small gold bear positions a few minutes ago below $1450, but it looks like I missed the top... if that was the top.
Also, I hope Surf comes back soon. I get how harsh critics/trolls can run a dude off the site for a while...
Also, I hope Surf comes back soon. I get how harsh critics/trolls can run a dude off the site for a while...
As a person surf doesn't deserve scorn, but he is an adult who's making the same mistakes many of us make. He does deserve empathy, but not sympathy. Until he develops some genuine self-respect he'll keep subconsciously stirring up drama, insulting people, and gambling wildly in the markets.
Just gotta take licks to get there, like all of us. Pain can be a life-giving thing. Probably could make him into a great trader. Just my opinion, and I am not as forgiving/kind as others (to strangers, that is).
Should be a break of $1,300 coming. Had some seasonal buying in Hong Kong get pushed forward. That's if a dovish fed statement doesn't put a shank in my b-hole.
Hey, we're all securities industry professionals here- We're not <b>supposed</b> to be mature, responsible adults.
Quote from Rearden Metal:
Hey, we're all securities industry professionals here- We're not <b>supposed</b> to be mature, responsible adults.
Truth. You could be the Queen of England, just hope you keep nailing these plays and get your accounts back to peak. Even if these were after the fact calls, it'd be top entertainment.
Seriously though, I've long said that you gain far more life experience and wisdom from your failures, not your successes.
And this should be common sense, but I should let ya'll know that I'm NOT going to hold that ADT June 48/44 put spread for 7 more weeks, just to squeeze out the last few bucks. I've been taking profits by rolling that position down to more relevant strikes all day, like the 45/41 bear put spread of the same month. This kind of position seems more logical to me than just buying straight-up LEAP puts like I was doing at first.
And this should be common sense, but I should let ya'll know that I'm NOT going to hold that ADT June 48/44 put spread for 7 more weeks, just to squeeze out the last few bucks. I've been taking profits by rolling that position down to more relevant strikes all day, like the 45/41 bear put spread of the same month. This kind of position seems more logical to me than just buying straight-up LEAP puts like I was doing at first.
theres enough hindsight calls posted on ET already...... i wish alot of you guys would stick to more productive comments instead of all the repulsive slander... frankly there are failed traders everywhere.. there are only a few reasons why people spend so much time on the hardcore troll and none of them are altruistic regardless of the faults of the OP ...
and about darings args... the theta on a leap option specifically the 43 put in jan 14 is about .008 and will stay low for a while... making the direction risk the key factor in buying a put that far out.. with lots of time to error on the exact timing of the call for adt to take a shit..... buying a put as oppose to shorting the stock when you actually do some of the math and price the option you will find to have alot of advantages... to many people stuck on selling premium.. and not taking advantage of the convexity effects of premium.. what was it trading at before the gap down??? 4.30 its at 5.20 now.. i don't even remember if it was the 43 put he was buying.. but either way.. thats how i would short it..
Reading comprehension sweetheart. I'm not slandering the OP. Rearden deserves much respect, as do a few rare others on this site.
Speaking only for myself, ET is banter and entertainment and should only be entertainment. But speaking truth when you see where it's applicable, in positive and "negative" contexts, sometimes adds value others don't recognize.
I've only seen two people nail trading without going through some heavy suffering in the process. I went through hell. It almost has to be that way to reverse-engineer all that apophenia and self-sabotage and deluded ideas about money.
yeah.. alot of truth to that.. i just don't have the time to be all up in someones business as i dont' care about... you know your only as good as your last record ...
even if you don't have some troll up your booty.. losing money hurts.. believe me i know its humbling.. when i have lost money.. its money made from digging trenches... i'll just keep ignoring the petty shit.. i have tough skin so i don't give a farfignuggen...
even if you don't have some troll up your booty.. losing money hurts.. believe me i know its humbling.. when i have lost money.. its money made from digging trenches... i'll just keep ignoring the petty shit.. i have tough skin so i don't give a farfignuggen...