Hey all! It's been too long since I've posted here. I'm trading full-time these days focused on options of higher priced stocks such as Apple (AAPL), Qualcom (QCOM), Roku (ROKU), Zoom Video (ZM), Tesla (TSLA); just to show a few. I used to trade penny stocks heavily but with the SEC finally cracking down on Pump & Dumps; I've moved on to real stocks. Actually, my option returns have turned out to be much greater than even some of the biggest AwesomePennyStock pumps back in the day. (Funny, the APS owner is still on the run and rumor is he's still touting junk when he gets a chance.) The point is: Stop chasing junk stocks and learn to trade options of real companies. Granted Tesla might not be real for much longer. Elon himself only gives them 10 months. The higher priced and bigger range the better. Here is a link to a quick scan for optionable stocks with a high average true range. Higher stock volume will lead to better liquidity of the options as well. One of my screener setups via Finviz (don't worry its free): https://finviz.com/screener.ashx?v=...ice_o20,ta_averagetruerange_o1&ft=4&o=-volume Here is an example of a day-trade I completed using AAPL calls in which I made 70% in 90 minutes. Yes, it's still the same pattern I used to teach. Price action is read-able whether its a $1 stock or $200 stock. If you can learn how to analyze supply and demand you'll see more opportunity than you ever thought possible; both long and short. Of course I'll find a small cap every now and then to have some fun with (like OBLN today), but for the most part I'm in the options game. Anyway, I hope to see some familiar faces around here soon as well as many new ones. Be on the look out for new trade ideas posts as the setups form. Good Luck out there!
Yes, this forum needs more people posting. Whether its 'hey great stock', or 'hey, stupid stock' I would like to see more lurkers posting feedback which leads to new trade ideas in the future. I recently decided to get my series 7 & 63 licenses so that I can trade/invest for others; as most of the people in my network don't have time to learn and trade on a consistent basis. My sponsoring broker/dealer will not allow me to give public advice once I sign the contract with them in August. Therefore, to keep this forum going, new people have to step forward and start posting! Now is the time to ask as many questions as possible and start building your own strategy to post for others to provide feedback or give credit.
Haven't been here for a very very very log time. We need to revive this forum. It was a great place where I started.
I only trade options now too... Mainly Appl, amzn nflx and Tsla. Pm me if someone wanna have a cotrader..
Northwestern Mutual was very restrictive for my investing philosophy. I do believe in long-term planning, but trading for income can be a part of that. Unfortunately, the bulk of my income was going to come from permanent life insurance commissions; not trading. That is just not my game. Trying to convince a new husband and/or wife they need life insurance in case they get cancer and die in 20 years is boring for me. Don't get me wrong, I strongly believe in life insurance for many reasons, I just didn't want my job to be educating folks on why they should protect their families and build savings for future use or legacy/estate planning. Northwestern was a great learning experience over the past 3 months though. It also further ingrained in me that managing trades on a daily basis is my continued career path. That said, in order to actually trade for others (who understand that trading for income is just a small piece of the overall financial life puzzle), I am looking at a different avenue to be able to pool investors' resources. AKA a Hedge Fund. Stay Tuned.
You sure picked a terrible time to get back into trading, Blaine I went to all cash within hours of hearing the Democrats escalating their first agenda; impeachment, just one notch above more taxes. I think the game has changed because of them, much harder to find good trades outside the pump and dumps.
The great thing about trading is that we can make money up & down. It's not what you trade, but how you trade it. Know the news, trade the action.
