Why do newbies lose?

[semperfrosty]

I've had many losers...I have documented here on these forums.

I am wondering what you call the below...Intuition, business insight, patience from years of experience, luck, business acuity??

The Boeing 737 MAX passenger airliner was grounded worldwide between March 2019 and December 2020 – longer in many jurisdictions – after 346 people died in two crashes: Lion Air Flight 610 on October 29, 2018 and Ethiopian Airlines Flight 302 on March 10, 2019. The U.S. Federal Aviation Administration (FAA) resisted grounding the aircraft until March 13, 2019, when it received evidence of accident similarities. By then, 51 other regulators had already grounded the plane,[3] and by March 18, 2019, all 387 of the aircraft in service were grounded.

I bought 100 shares of Boeing a few days after the grounding...Did a leap very close to the purchase price. Just wanted the time decay premium...Believing they would find the problem. Yet, I was not 100% sure...

When Apple hovers around $120. (and people will NOT give up their phones or watches), I buy 100 shares.

When Google and Amazon drops below $100. I buy 100 shares each.

With all of the above I did options. I saw great value in these companies. I could have easily been wrong...AOL, MySpace.

Just me, I believe the AOLs, GM (2008), prepared me for the future winners later...

PS And no, I did not buy AOL...But I did own GM!!

Contrarian thinking borne of experience plus calculated risk acceptance?

 

[taowave]

Im on team "Prime Time" Sanders so I am happy..

You didn't answer the most important question, How do you generate ideas??

Your problem is you are limited, and quite possibly sabotaging your trading by your beliefs.

You don't know what you don't know..

I have never met a successful trader or athlete with your mind set

Good Evening taowave,

How are you doing tonight? Are you ready for the Colorado game tonight?

I responded to your comments in red

By the way, great questions.

Good Evening taowave,

How are you doing tonight? Are you ready for the Colorado game tonight?

I responded to your comments in red

By the way, great questions.

 

[SimpleMeLike]

Im on team "Prime Time" Sanders so I am happy..

You didn't answer the most important question, How do you generate ideas??

Your problem is you are limited, and quite possibly sabotaging your trading by your beliefs.

You don't know what you don't know..

I have never met a successful trader or athlete with your mind set

Good Morning taowave,

How are you? I'm sleepy from staying up late watching Colorado game. Good game.

I will respond in detail shortly to explain. I have to walk the dog.

 

[destriero]

I've had many losers...I have documented here on these forums.

I am wondering what you call the below...Intuition, business insight, patience from years of experience, luck, business acuity??

The Boeing 737 MAX passenger airliner was grounded worldwide between March 2019 and December 2020 – longer in many jurisdictions – after 346 people died in two crashes: Lion Air Flight 610 on October 29, 2018 and Ethiopian Airlines Flight 302 on March 10, 2019. The U.S. Federal Aviation Administration (FAA) resisted grounding the aircraft until March 13, 2019, when it received evidence of accident similarities. By then, 51 other regulators had already grounded the plane,[3] and by March 18, 2019, all 387 of the aircraft in service were grounded.

I bought 100 shares of Boeing a few days after the grounding...Did a leap very close to the purchase price. Just wanted the time decay premium...Believing they would find the problem. Yet, I was not 100% sure...

When Apple hovers around $120. (and people will NOT give up their phones or watches), I buy 100 shares.

When Google and Amazon drops below $100. I buy 100 shares each.

With all of the above I did options. I saw great value in these companies. I could have easily been wrong...AOL, MySpace.

Just me, I believe the AOLs, GM (2008), prepared me for the future winners later...

PS And no, I did not buy AOL...But I did own GM!!

Weren’t your AAPL shares called away 30 higher?

 

[ironchef]

Right about what? I said it’s not for everyone. But if you’re already monitoring the stock market daily, I think it’s a natural extension to trade index futures short-term.

Paper trading is not something I would do. $5 per point for micro ES is pretty cheap. Regardless, good luck when you go live.

Two good suggestions. Thanks.

I am purely stocks, buy & hold + long options, no index. Will take a look at futures.

 

[savoir]

Two good suggestions. Thanks.

I am purely stocks, buy & hold + long options, no index. Will take a look at futures.

When you said daytrading I assumed you were speaking of index futures. My error.

Personally, I like the longer cycles for stocks. Not saying they aren’t viable for intraday trading, just that highly leveraged instruments like futures are better.

But that is only my opinion and there are many ways to trade. I think it’s a good idea to trade what you know best.

 

[Cabin111]

Weren’t your AAPL shares called away 30 higher?

Yeah, I have no problem with about a 10% annualized gain (stock gain, option, dividend). If it's more, that is fine too. Picking up dimes and quarters with very little steamrollers. Holding quality companies...Some/many get called away.

I owned both Walmart and Target...Did leaps way OTM on both. Walmart got called, Target tanked. If and when Walmart drops, I will try and reenter. Both I got dividends, options, and price appreciation...In my mind, nothing wrong with that.

 

[destriero]

Yeah, I have no problem with about a 10% annualized gain (stock gain, option, dividend). If it's more, that is fine too. Picking up dimes and quarters with very little steamrollers. Holding quality companies...Some/many get called away.

I owned both Walmart and Target...Did leaps way OTM on both. Walmart got called, Target tanked. If and when Walmart drops, I will try and reenter. Both I got dividends, options, and price appreciation...In my mind, nothing wrong with that.

My point is that you're implying that you own AAPL from 120 is disingenuous given that, by your own admission, you're called at 130-140.

 

[Cabin111]

My point is that you're implying that you own AAPL from 120 is disingenuous given that, by your own admission, you're called at 130-140.

I sent you a PM as an aside.

I really have a hard time keeping track of my trades...Entry, exit, options, captured dividends. Some stand out, but I am not going to go back into the bowels of my trades at Schwab or Fidelity (Morgan Stanley even longer) or even here, and see what I have done.

I believe I have traded Apple 4 to 5 times over my lifetime. I can't recall the trades. I believe I made at least a 10% annualized return on it. Others, I admit my failures...

About 98% of my trades, I DO NOT remember my entry and exit points. They are unimportant for the most part...I am sure you do the same.

General principles rather than being exact. So, yes you got me. I do not remember an entry point of a trade awhile back...

 

[ironchef]

When you said daytrading I assumed you were speaking of index futures. My error.

Personally, I like the longer cycles for stocks. Not saying they aren’t viable for intraday trading, just that highly leveraged instruments like futures are better.

But that is only my opinion and there are many ways to trade. I think it’s a good idea to trade what you know best.

No need to apologize sir. I know you are legit & genuine.

I trade options for my highly leveraged trades. Never look at futures because I have never been exposed to them.

I want to get back and figure out how to day trade because it is fascinating and it requires that I change my mindset.

In option trades, I need an opinion. In day trades, I have no opinion.