This day changed my outlook on everything
Down to💲100k after being at 300k, from starting with 10 grand
Threw it all into the riskiest Options, and I HIT
🆙 967 % in a day and was a millionaire💰
I discuss this journey in the latest episode of the “It’s Just Pennies” podcast👂🏼
Imagine earning 2 million dollars and then losing it all in what seem like days today guest speaks about the journey and the money he made and loss and the importance of learning how to trade
https://t.co/5rLvm6KJNg
Been studying recent past #OTC dub gainers that moved like nuts to see if there's commonalities,
August ish to Dec last year
$GDVM +3000%
$CGRA +1700%
$DBMM +2500%
Fundamentals/catalysts aside, been finding some commonalities between them accumulation/technical wise, will share
@sdrates Absolutely agreed, have made a lot and lost a lot with that line of thinking.
but my thought is recessions come around once like every 10 years right so wanting to capitalize while the iron's hot can create life changing opportunities!
What do you primarily trade?
Sometimes yah get it right,
Around this time last year absolutely nailed a $VIX 📈projection (see quoted tweet)
If only I played the trade appropriately -_-
Can make alottt of money properly #OptionsTrading forecasting a 130% #VIX move haha
$UVXY $VIXX $SPY $SPX $QQQ #SPX
@CitkoWojciech If one were to buy the 358 strike $SPY Put expiring Feb 3rd (384 dollars currently), and #SPY does in fact get down to 340 on Feb 1st,
that contract would be worth somewhere in the realm of $1,800
..roughly a 3⃣7⃣0⃣ PERCENT gain🤑
#OptionsTrading#optionbuying#optiontrading
🔮
Think I'm seeing clearly, here's my $SPY $SPX movement prediction..
🔻to 368-370 end of year
🗓️Quarterly contract, or FED mins give a fundamental push⏫2.5%
🔻then -7% to 350-353 until🗓️CPI report 1/12
⏫relief 1-2 days, +3%
🔴-6% to 340 till the🗓️2/1 FEDmeeting
THOUGHTS ?
🔮#STOCKMARKETCRASH 🔮
🗓️ $SPY PT for Feb 2023....
💰340
📈to move something like below chart
🔴That's roughly -17% from December 1st 2022
$SPX puts & $SPY puts, or $VIX calls may be a good idea come CPI next Tuesday, #stockmarkets to go bonkers
🔮#STOCKMARKETCRASH 🔮
🗓️ $SPY PT for Feb 2023....
💰340
📈to move something like below chart
🔴That's roughly -17% from December 1st 2022
$SPX puts & $SPY puts, or $VIX calls may be a good idea come CPI next Tuesday, #stockmarkets to go bonkers
Wow oh wow as I’m looking, since switching to primarily trading options personally, #OTCMarkets have been darn bloody
…or at least a lot of tickers the Twitterverse, including myself, seemed excited about…
❓ What’re some #OTC#stocks we’re enthusiastic about now❓
@glazersleavenow right, regardless of an extended bear market if "invested" vs "trading" over the long haul of decades these losses in corrections get erased anyways
in that same light finding a "bottom" though is a treasure chest
It's like buying on sale hahah
@glazersleavenow Personally I'd say at face value it's an unreasonable price projection😂
However, although bold, it's in the cards if following the common cycle as the 2001 & 2008 bear markets which it has been aligned with to this point
The direction post FED meeting tomorrow will be telling!
💭#OptionsTrade#OptionsTrading#Options
$SPY
🗓️ November 24th (when 2sma crossed down on 13)
Buying a 10stk OTM Put 7days till exp
...with 1d left and SPY moving 20strikes as it did
🧮If vega didn't change (it probably did), your contracts would have...
1⃣0⃣3⃣7⃣ % gain
The below tweet was on Nov 12th (horizontal blue line) where the 2 SMA on $SPY didn't quite cross down on 13 yet
on 11/24 when IT DID the S&P 500 moved
🔻4.4% over next 6 trading days
I'm tellin yah, it's an insanely simple indication of bearish reversal that's ALWAYS correct
The below tweet was on Nov 12th (horizontal blue line) where the 2 SMA on $SPY didn't quite cross down on 13 yet
on 11/24 when IT DID the S&P 500 moved
🔻4.4% over next 6 trading days
I'm tellin yah, it's an insanely simple indication of bearish reversal that's ALWAYS correct
Rarely is something ALWAYS the case in technical analysis, but accidentally stumbled on a simple but strong coincidence in $SPY 📈
EVERY time 2SMA crosses⬇️the 13 it indicates a downward reversal (they touched yesterday)
Yellow Squares are examples I could fit on a screenshot
@diamondhandsq Tend to focus on $SPY for trading options mostly because I feel like I have a good handle on the contract pricing spreads, also have a decent chart for it
BUT I've noticed $UVXY (vix) $XLF (financial sector) $GLD $NUGT (gold) have huge gains on movements as far as ETFs go
Ironically this morning I was thinking today I was going to start a $1k➡️$100k in a month #OptionTrading
to challenge myself using only 3 day trades a week in my Robinhood account I don't use
Been building a $SPY chart & think it's finally tradable I'll try to tweet some plays!
@TheMockSarket I’m taking just $10 Grand after selling our home we’ve owned since 2011 & want to Do or Die it’s going to be allocated for something similar Don’t know what yet My brain don’t understand puts calls options but I want to learn become millionaire next year