Wealthy Option Traders

candlestick77 - Traders are alpha dogs, we get the money, we get the girl, we win. Your questions and responses sound weak. Man up and go burn thru your first 5 gs and welcome to trading.
 
Quote from CandleStick77:

I am getting alot of good information here. I have another question maybe some of you can help me with. I am currently studying how news/earnings drives a stock. Now correct me if I am wrong but your supposed to make profit on the "rumor" and sell before the news actually hits right?


What are some examples of the different "types" of news that really drives a stock. This is all completely new to me. SEC filings? Earnings estimates? do analysts really have that much power over a stock by what they say? And if so which ones? Any other information you can give on the fundamental side of things would be awesome. Thanks!

long x Jan 16 calls AA from 1.59

1.63 bid 1.65 ask what should I do and why? cmon 15 minutes till close
 
Quote from kinggyppo:

paging candlestick77, 4 minutes till close, help!



Well you already violated 1 of the most important rules of Trading. Your supposed to know when your going to get out before you ever get in. If the trades going against you or for you. So my advice to you? Close your position and go study before you start trading again.





(And if it were me I would close the position. Your trading front month calls coming upon expiration. If the stock takes a dive at all you will lose all your profit)
 
Quote from CandleStick77:

Well you already violated 1 of the most important rules of Trading. Your supposed to know when your going to get out before you ever get in. If the trades going against you or for you. So my advice to you? Close your position and go study before you start trading again.





(And if it were me I would close the position. Your trading front month calls coming upon expiration. If the stock takes a dive at all you will lose all your profit)

Too late now locked long. :)
 
Quote from CandleStick77:

Well you already violated 1 of the most important rules of Trading. Your supposed to know when your going to get out before you ever get in. If the trades going against you or for you. So my advice to you? Close your position and go study before you start trading again.

(And if it were me I would close the position. Your trading front month calls coming upon expiration. If the stock takes a dive at all you will lose all your profit)
This trade was a pure gambling.

According to options software:
Return if unchanged: -9.9%
Probability of success: 45%.

And like CandleStick77 mentioned, it’s too close to expiration, no time to fix.

The result might turn out to be good, but it doesn’t matter.
 
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