| StockFetcher Forums · Stock Picks and Trading · Picks and Pans Since Jan 2020 | << 1 ... 24 25 26 27 28 ... 29 >>Post Follow-up |
| sandjco 648 posts msg #153576 - Ignore sandjco modified |
8/14/2020 1:26:12 PM @dash.. sorry, ADD tendencies! Closing AAPL contracts of the 460C for a quickie. Calling it a day. RE: I jump from trading reversions to breakouts. In the money to just out... Some debit spreads. It's a mess My suggestion: - apply those fave scripts to just a few core stocks - to get your mojo going...stick with ATM 3 months out (that how i started) instead of chasing the whale? Thanks to Xarlor, I am slowly learning Calendars and Wheels ... @cheese! of course; I don't mind!!!! thanks for dropping by! And you sir or ma'am have a LOT to offer; you are just always humble!!! edit: now specifically, on why AAPL today. - I have 5M chart on one screen and 15M on the other while 3rd and 4th monitor have SF and Brokerage - I do not trade on the 1st 15M; just watching. Almost everything was red on my watchlist - AAPL just happened to catch my eye (1st ticker) that was bumping along the EMA 10/60 cross. - EMA 10 did not cross EMA 60 despite price crossing below EMA 60 - around 8AM PST, it wanted to drop below 452 but did not so mentally, my trigger was 453 and low balled the 460C for next Friday. - didn't look like it was going to pierce 460 for the day; decided to bail for a decent scalp as I have to do errands and cannot watch. I was happy with the scalp and will not look back (try not to). Xarlor would give me crap if I did that! The above hopefully gives you my thinking....i don't think it could be coded as I have always said I am a "visual"/gut feel kinda guy... TRUTH be known...i was gonna shut this blog today and was posting my goodbye's when dash came for a visit lol! |
| sandjco 648 posts msg #153578 - Ignore sandjco |
8/14/2020 2:03:21 PM Adventure into covered calls! Yesterday, I bout FSLY at $79.30 and sold 87C Aug 21 for $1.75. My gut told me to pick the 85C but my brain went AWOL. My goal for this real money experiment will be to see: - how selling covered call reduces my ACB while waiting for the next run - what actually happens when it is "called" (I mean kinda crazy...but just wanted to see it!) So far, stock dropping partially covered by calls lowered value. |
| sandjco 648 posts msg #153580 - Ignore sandjco modified |
8/14/2020 5:46:46 PM FSLY $79.30 cost. STO 87C for 1.75 and BTC the 87C today for 0.80 and then turned around to STO the 80C for 2.00. Breakeven looking at $76.65.  |
| sandjco 648 posts msg #153590 - Ignore sandjco |
8/15/2020 8:47:37 AM For the purposes of this thread, this will be my final entry. Thank you to those who dropped by! When I started this in Jan 2020... Purpose: 1. Share picks so everyone here at SF can benefit. I may also benefit from someone else's idea and/or post. Something like a crowdsourced stock picking and I can track how we did over the years... 2. Anyone can post. Only thing I ask is to keep the discussion civil so as to make the thread easier to follow with less clutter. I think I have accomplished most of the above. The only part that the thread didn't accomplish was generating pics from others consistently. I knew that would be a challenge as it can lead to a vulnerable spot. What I gained from this experience: - because I had to post the play; it reduced my derp play tendencies (how am I gonna do that now lol!) - allowed me to keep track of the play more meticulously (led me to look for scripts on "stops" and/or portfolio management) vs flying on the seat of my pants when it came to my exits. I am still horrible at this. - allowed me to put my thoughts in writing and annotating the charts to post/play which allowed me to look at things differently (maybe naively?) when the market dumped and apparently the end of the world was near... - keeping trading notes. I have Xarlor to thank for this. I still am lazy and horrible in doing it; I need to be better. What lessons stayed the same and helped? https://www.stockfetcher.com/forums/Stock-Picks/A-Newbie-s-Journey/136535/470 1. While EVERYONE can see the same picture; not all of them will trade it the same way. 2. While EVERYONE can have the same filter; not all will be able to use them the same way. 3. Do not let expectations lead to belief (I was so used to taking money from the XIV ATM machine...till it blew up! Only prudent risk control prevented a massive implosion!) 4. Bears make money, Bulls make money....Pigs get slaughtered. 5. Always be learning because the market can humble you! I've printed the above and have it taped over each of my monitors to remind me every day that my behind can be handed to me any time any day. While my thesis may be ultimately right over time; it wouldn't matter if the market doesn't agree with it at time of the entry/exit. Things that I still need to work on: - reduce the number of scripts I have going on... - simplify simplify simplify - continue to read the forums and understand how to code SF What have I being doing when I am faced with a losing position? - Ask myself: was that it derp play (i.e. self inflicted zero plan trigger) or it just didn't go as planned right away (e.g. FSLY)? - IF it was a derp play, I bail with no questions asked (e.g. TSLA earnings play, stock fades after the first few 5m candles - take whatever profit you can or minimize the loss). yes, it is back up now...but it was dead money for a while. - IF I am in a slump (I define that as ending the week AND month in red). I walk away completely. I don't look at anything for a few days. Then I come back and revisit the charts that led to the derp plays. My most common derp plays: - Earnings play. A friend has called me...an earnings junkie! It is a rule that i find so hard to follow. While it has been a massive part of my wins; i fear it is only a matter of time it could go against me. One suggestion he gave me was to still play it but just play 1 contract. - Revenge play. I used to have the tendency to get fixated on trading the same stock that led to a losing hand. While some worked out; most do not. In hindsight, being emotionally invested in it clouded my mind. My biggest fear today: - surprisingly not the market or the direction or pulling the trigger now that I am more comfortable playing up or down. I have Village Elder and KSK8 to thank for the short side! I have Mac to thank for sharing Guppies and BBs on the long side! Loved the simplicity of the scripts. - the biggest fear i have today is how trading options (the leveraged results) impacts my mindset over time i.e. will the spoils of big gains led to bigger drawdowns with the wrong call? will the instant gratification ruin the patience of waiting for a position to grow? Kinda like trading XIV way back then - repeated cashing out spoiled/blinded the probability of losses; position sizing saved the risk of ruin. As of this entry, the markets have climbed the wall of COVID worry and economic uncertainty. This has led to some cash sitting on the sidelines waiting for the shoe to drop. Meanwhile, should and if the markets continue to go higher, fund companies will continue to be forced to deploy their cash as they need to keep up with the performance return stats FOMO. What 2nd wave? There are 21MM cases now with 13MM recovered worldwide. The new norm appears to be mandated masks with vaccine probably a year out. Planes are back flying sans social distancing (on some airlines). The gov't meanwhile have spent $$$ to keep us afloat. If anything, COVID has quietly challenged the "need" to work at an "office location/tower". Given how effective work from home has been for some industries; this may not bode well for commercial landlords over time in some areas. Subsidies are about to end. As always, I wish all the kind folks at SF the best and thank you for dropping by! Good luck all! My "go to" script today... |
| Mactheriverrat 3,172 posts msg #153594 - Ignore Mactheriverrat |
8/15/2020 11:41:00 AM Great thread! |
| xarlor 613 posts msg #153595 - Ignore xarlor |
8/15/2020 12:46:05 PM It's great seeing someone go through their trading journey. You have the right attitude and are open to changing what needs changing. This will make you a successful trader. I will miss your steady updates. Here are some suggestions to keep heading in the right direction. 1. Don't derp. Just don't. 2. If you're not going to update this thread, use that time to develop a trade log and keep it updated. 3. Keep learning. Though you may not use them, learn about other indicators so you know they're out there. Ichimoku Cloud, Fibonacci retracements and extensions, Pivot points, Parabolic Sar are a few. Learn more Options strategies. Learn how to combine options with stocks. Learn futures. Learn forex. 4. Don't be afraid to ask for help. I've enjoyed this thread, thank you for all your contributions! |
| sandjco 648 posts msg #153599 - Ignore sandjco modified |
8/16/2020 12:15:59 AM @Mac and Xarlor, Thank you; as, I always appreciate the kind words specially from both of you as you've been absolutely instrumental in my learning and both of you are just super kind individuals. RE: trade log It will be a challenge for sure. posting publicly made me mentally accountable. Can't wait for Mondays! P.S. @dash...if there is anything else I can do to help, don't hesitate. I know what it is like not having anyone to chat (till I found a few trading buddies who can relate). I may not be posting my usual updates but I will continue to help if i can. |
| miketranz 978 posts msg #153605 - Ignore miketranz |
8/16/2020 1:25:54 PM Sandjco I'm sure everyone on here appreciates your contributions.Thank you for sharing.Miketranz... |
| Mactheriverrat 3,172 posts msg #153607 - Ignore Mactheriverrat |
8/16/2020 3:39:45 PM Thank you Sandjco. I try most of the time to explain things that I post to HELP others learn . |
| sandjco 648 posts msg #153610 - Ignore sandjco modified |
8/16/2020 4:51:31 PM @miketranz...thank you! Appreciate you dropping by and helping me out by posting your thoughts over the years! @Mac...please don't ever leave like the other good ones! ;=P. I knew I was gonna kick myself after I posted what would have been my last post on this specific thread lol! I totally forgot one of the most important goal I had...to leave a trail for my kids to use so they can navigate SF so they can start playing the game in half the time it took their old man to get started! So, here is my attempt at an FAQ type post (and forgive me if I post again if I forgot something as SF won't allow me to edit after a certain time)... I was gonna call it the TEN Tips to Derp free Trading??? that i have learned thru this journey that made a HUMONGOUS impact in mindset and results. #1 NO ONE is INFALLIBLE. Yep, even the richest or most successful traders. News outlets will want to quote (e.g. Buffet sitting on a cash hoard = implying ...?) rock stars in the business to complete their narrative. The Market does not care how famous you are. Buffet refused to invest in Apple years ago or anything Tech...and ended up missing the massive runs over the past 10 years. Find yourself; find your own path. #2 You are only as GOOD as your LAST TRADE. Yep, when a trade is done; no need to go back and admire it thinking your next one is for sure going to end up the same exact way because it got triggered by the same exact system or indicator. Stay humble. Keep good detailed records (I am trying). #3 The Market plays its own tune; it does NOT care what you prefer, think or like. Either you want to dance with the prevailing tune or don't dance at all (and it is OK). The tunes? Uptrend, Downtrend and Sideways. Within those trends, there are mini trends as well - uptrend, downtrend and sideways!!! #4 It is never too late to join the party. IMHO, knowing "that you have to" leave is the important part. Calling the "top" or "bottom" IMHO isn't as important as asking yourself...how do I make money with the current situation? #5 Profit is profit. Wishing could've, would've, and should've is a waste of time (thanks Xarlor!). Move on to the next date! #6 Think in BETs. Thanks four!!!! If you haven't read the book; read it and apply. If you find yourself "hoping" a position will...you know it was a derp move! Think of it as like bringing a date home in your drunken state and waking the next morning hoping that...and despite seeing proof she ain't sleeping beauty, you are still "hoping" plastic surgery will fix the problem! Ummmm.... On using SF #7 The "holy grail" may not be a "system" at all. Maybe you've had it all along; you just needed to discover "you" (your brain) vis a vis money, "wins", "losses".... How you handle your demons will most likely dictate your success or lack of. While the XIV trade was my biggest loss; i was surprised at how fast my mind processed the the whole thing and decided to "moved on" - reasoned it was a black swan event that was difficult for me to avoid. If you cannot do this in a healthy manner; take a break. The market will always be there. #8 Learn to write the most basic of the SF codes. Why? You'll be surprised how often you'd come up with ideas because of it! What may work for others may not work for you and vice versa; being able to "tweak" SF filters is extremely useful. Remember, filters on their own isn't going to make you money - it is, after all, "YOU" pulling the trigger with a plan hopefully (entry, exit, position sizing and deciding what to do after the trade is made). #9 NEVER stop asking "why". Read, re-read, annotate and try to find a way to organize the massive treasure of info in SF (I have not done a good job at it yet!). Everything you need to learn about "trading" is right here. This mindset was huge when COVID hit. Why was the market climbing a wall of worry despite all the naysayers? Why were the Guppies showing the opposite to the general news feed? Ignorance on my part to dance with the music? Got lucky? #10 Help when you can; it comes back to you in spades more than you know. Is this what is called as "karma"? Would NOT posting during the past 3 years made me a better trader? Will I follow all of the above 100% of the time from this day forward? Probably not as I know i have a lot of flaws; but I will follow them more often than not to make sure I keep myself honest and out of trouble (e.g. earnings play = 1 contract only! lol). Posters and their thoughts that have helped me over time (not in any ranking order; my apologies if I missed anyone) are: - xarlor - Mactheriverrat - four - TRO - Kevin_in_GA - 13thFlloor - snappyfrog - pthomas215 - graftonian - miketranz - KSK8 - mahkoh - davesaint86 - johnpaulca - Safetrade - Village Elder - shilllihs - cheese - nibor100 - eman93 Set up: 2 monitors connected to a Mac Mini and 2 monitors to a generic PC that my son built. I use SF all thru the day, TradingView, and optionprofitscalculator.com. I don't do newsletters. I also try to avoid reading the "news" section of any finance site. I only try to read news releases on the companies I follow (preferably those with zero opinion on it). I hope I didn't forget anything else....! All the best and I do hope one day the ol good ones come back to the threads! i hope the above not only helps my kids but also anyone new to SF! For me, looking for the Holy Grail of filters is like looking for the "perfect spouse/girlfriend"! My next project - thinking of writing a book! ;=P oops I forgot...Kevin actually shared this with me when I first started! I wanted to include say... SET{LIMITEXIT, MIN(CLOSE, REVERSERSI(2,95))} but I am probably doing something wrong as it isn't working...too much beer today! |
| StockFetcher Forums · Stock Picks and Trading · Picks and Pans Since Jan 2020 | << 1 ... 24 25 26 27 28 ... 29 >>Post Follow-up |