I always thought that Iron Condor sounds like a cool metal way to lose all your money.
On Wed, Apr 14, 2021 at 3:30 PM Steve Jones <[email protected]> wrote: > looking at my schwab trading options im almost wondering if this is a sex > cult thing. Im pretty sure in our younger pre marriage days me and the wife > did a bunch of this stuff > > > 1. 2 Leg SpreadsThere are 9 nested list items > 1. Vertical Call > 2. Vertical Put > 3. Calendar Call > 4. Calendar Put > 5. Diagonal Call > 6. Diagonal Put > 7. Ratio Call > 8. Ratio Put > 9. Custom 2 Leg > > > 1. 3 Leg SpreadsThere are 3 nested list items > 1. Butterfly Call > 2. Butterfly Put > 3. Custom 3 Leg > 2. 4 Leg SpreadsThere are 5 nested list items > 1. Condor Call > 2. Condor Put > 3. Iron Butterfly > 4. Iron Condor > 5. Custom 4 Leg > > > 1. CombinationsThere are 8 nested list items > 1. Buy Write > 2. Sell Write > 3. Straddle/Strangle > 4. Collar/Synthetic > 5. Rollout > 6. Rollout Spread > 7. Rollout Straddle > 8. Custom Stock Opt > > > On Tue, Apr 13, 2021 at 12:13 PM Cameron Crum <[email protected]> wrote: > >> Yes the banks like to have your money on hand so they can use it to make >> money for themselves. Those subscriptions to Chortle Quarterly, and the >> mega-yachts they ride around on don't come cheap and certainly not with >> their own money. Also, it's getting harder and harder to find a good >> monocle maker these days. >> >> >> >> On Mon, Apr 12, 2021 at 9:58 PM Robert <[email protected]> wrote: >> >>> Trading can be worse than Gambling... If you are really good at >>> gambling... >>> https://www.cbsnews.com/news/sports-bettor-billy-walters-winning-streak-13-01-2011/4/ >>> >>> >>> On 4/12/21 1:10 PM, Steve Jones wrote: >>> >>> So if you dont trade on margin, you still have to have a margin account >>> with 25000? The more im learning and reading the more I understand why >>> certain people believe there needs to be more regulation. The crazy amount >>> of risk, aside from just putting your money up, margin, short sale, etc. I >>> dont have any interest in doing much of that, in regular life I try to be a >>> cash guy (though economy and paycheck doesnt allow that) but I wouldnt ever >>> consider taking a load out to go to the casino. >>> >>> I see the risk aversion, I switched my paper account balance to the >>> actual amount id be willing to risk, and suddenly I wasnt as adventuresome, >>> I assume that would amplify when actual money goes in. I dont mind my risk >>> on the limited long term stocks, I think theyll perform well, Smith and >>> Wesson in particular. >>> >>> I have my paper account sitting at -1900 for the day with pending sells >>> for tomorrow that I think will hit the expectations at 9 tomorrow. Is that >>> considered day trading since part of the cash was from a purchase and sell >>> today? >>> >>> this webull place says i can day trade with 100 dollars, so if i was to >>> toy with that, its just math to extrapolate to real gains or losses? Im >>> just finding it hard to believe theres a way to get better than casino >>> winnings without committing a crime >>> >>> On Mon, Apr 12, 2021 at 2:55 PM Tyson Burris <[email protected]> wrote: >>> >>>> Steve- >>>> >>>> >>>> >>>> I didn’t read the whole email chain so I maybe blowing smoke here. >>>> >>>> >>>> >>>> Margin is borrowed money based on a set value of a security. You >>>> cannot Margin trade most penny stocks. >>>> >>>> >>>> >>>> Margin trading is high risk / high reward. You MUST be careful. A >>>> stock that is traded on Margin and rapidly decreases its value you can >>>> cause you to be in Margin CALL or even owe the broker if not careful. >>>> Buying Power tends to be Margin. >>>> >>>> >>>> >>>> According to SEC regulations, a day trader is one who trades / flips >>>> five or more times in a trading period. If you are flagged as a day trader >>>> you must maintain 25K or more. Holding a security overnight and not >>>> bouncing in and out of it prevents this from happening. I believe if your >>>> account is flagged, you can wait 60-90 days and request the flag be >>>> removed. (assuming you don’t day trade anymore) >>>> >>>> >>>> >>>> Those who don’t hold a stock for a year or longer will pay a much, much >>>> larger capital gains tax then those who do. Short vs. Long term. >>>> >>>> >>>> >>>> Examples of pros and cons… >>>> >>>> I took a 30K+ loss many years ago when earnings came out and the stock >>>> tanked. I had the stock purchased on Margin. Had I not, the loss would >>>> have been so much less. I was forced into a Margin call and had to take >>>> the large LOSS. This is an example of Margin trading that caused a large >>>> loss. >>>> >>>> >>>> >>>> During Covid, I invested with Margin into a stock I knew would do >>>> well. At the peak, 3 million was made. So this became a perfect case in >>>> which Margin trading worked really to my benefit. I had to hold this stock >>>> for a year or longer to reduce the capital gain tax. >>>> >>>> >>>> >>>> >>>> >>>> *Tyson Burris, President* >>>> *Internet Communications Inc.* >>>> *739 Commerce Dr.* >>>> *Franklin, IN 46131* >>>> >>>> *Office #* *317-738-0320 * >>>> *Cell/Direct #* *317-412-1540 * >>>> *Online: **www.surfici.net* <http://www.surfici.net> >>>> >>>> >>>> >>>> [image: ICI] >>>> >>>> *What can ICI do for you?* >>>> >>>> >>>> *Broadband Wireless - PtP/PtMP Solutions - Mesh Wifi/Hotzones - IP >>>> Cameras - Fiber - Towers - Infrastructure.* >>>> >>>> *CONFIDENTIALITY NOTICE: This e-mail is intended for the* >>>> *addressee shown. It contains information that is* >>>> *confidential and protected from disclosure. Any review,* >>>> *dissemination or use of this transmission or its contents by* >>>> *unauthorized organizations or individuals is strictly* >>>> *prohibited.* >>>> >>>> >>>> >>>> *From:* AF <[email protected]> *On Behalf Of * Steve Jones >>>> *Sent:* Monday, April 12, 2021 1:02 PM >>>> *To:* AnimalFarm Microwave Users Group <[email protected]> >>>> *Subject:* Re: [AFMUG] OT: penny stocks >>>> >>>> >>>> >>>> I just dont get it >>>> >>>> I reset my account to specific cash amount. I dont understand buying >>>> power, seems like credit. >>>> >>>> The one im toying with is RGBP, if someone can look and tell me what >>>> thinkorswim is letting me do that the real world wouldnt allow >>>> >>>> >>>> >>>> On Mon, Apr 12, 2021 at 11:47 AM Carl Peterson < >>>> [email protected]> wrote: >>>> >>>> It is also pretty easy to look like a genius when markets are going up >>>> an idiot on the way down. Markets have been going up and up and up for a >>>> long long time now. At some point that party will end. >>>> >>>> >>>> >>>> On Mon, Apr 12, 2021 at 11:44 AM Carl Peterson < >>>> [email protected]> wrote: >>>> >>>> What is often missing from play accounts is often liquidity. They >>>> generally assume you can make any trade at wherever the current "price" >>>> is. If you are trading VWAPY that might generally be true. Perhaps not >>>> for VWAGY. Often not when trending $rando penny stock. >>>> >>>> >>>> >>>> On Mon, Apr 12, 2021 at 11:12 AM Steve Jones <[email protected]> >>>> wrote: >>>> >>>> im simply not grasping this >>>> >>>> on the paper trading site, ive made 7500 this morning on 10k i was >>>> playing with. thats 11,000 dollars in 2 days of playing around with >>>> essentially 10,000 up front. There has to be more to this. >>>> >>>> i see on my schwab account if i make more than 4 same day trades in a >>>> week i get flagged as a day trader and need to have 25,000 in my account or >>>> i get a margin call. I dont know what that means, im not buying on margin, >>>> it would be cash. >>>> >>>> >>>> >>>> assuming that I had actually had 10,000 in my real account, would I >>>> really have profited 11,000 in 2 days on 5 trades? (there was some math >>>> mistakes made, I made the same size purchase each time, forgetting that the >>>> increased price lowered the number of stocks i could get for 10k, but >>>> technically the sale would have put enough in to cover the difference) >>>> >>>> >>>> >>>> On Sat, Apr 10, 2021 at 4:08 PM Caleb Knauer <[email protected]> >>>> wrote: >>>> >>>> It works great, right until it doesn't. If it was that easy then we'd >>>> all be wolf of wallstreet. >>>> >>>> On Fri, Apr 9, 2021 at 10:13 PM Steve Jones <[email protected]> >>>> wrote: >>>> > >>>> > So I've been dicking around with the market, trivial amount, 5 shares >>>> per stock. If I had put a lot in Tesco would have done me well. >>>> > >>>> > I have 100 shares of this penny stock, it's a gold backed >>>> cryptocurrency, I watch it bounce a lot throug the day and its followed the >>>> same trend for its couple months existence. >>>> > >>>> > So I set up a paper account and was dicking today with another penny >>>> stock. Set buy and sell limits with about 10,000 in the play money. It made >>>> 4k in 2 rounds. It's just a couple pennies it fluctuates but at 500,000 >>>> shares that adds up. >>>> > >>>> > I told the wife and of course she wants me to cash in something and >>>> play with real money. >>>> > >>>> > I'm more inclined to see how the play money performs, I have some >>>> limits on the crypto stock that we will see what happens on monday morning. >>>> > >>>> > I'm thinking to myself there has to be a catch. If it was that >>>> simple, everybody would be doing it. >>>> > >>>> > You guys who mess around probably went through a time where you tried >>>> that kind of trading, and none of you talk about it now, so I assume the >>>> catch is pretty straight forward. >>>> > >>>> > I was looking at my IRA, it's done pretty good at 17 percent. But >>>> just taking 10k of it and playing with this at 1 percent per trading day, >>>> that would be another 27k annually. >>>> > >>>> > I do see why day traders need low latency though, but with limits I >>>> dont see it has a lot of impact. >>>> > >>>> > What's to stop a guy from spending an hour or 2 every morning with a >>>> relatively small amount in the big scheme of things like 10k trading to 1 >>>> percent or better and then going to work? 100 bucks a day or more doesnt >>>> seem terrible for an hour. >>>> > >>>> > >>>> > -- >>>> > AF mailing list >>>> > [email protected] >>>> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>> >>>> -- >>>> AF mailing list >>>> [email protected] >>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>> >>>> -- >>>> AF mailing list >>>> [email protected] >>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>> >>>> >>>> >>>> >>>> >>>> >>>> >>>> -- >>>> AF mailing list >>>> [email protected] >>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>> >>>> -- >>>> AF mailing list >>>> [email protected] >>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>> >>> >>> >>> -- >>> AF mailing list >>> [email protected] >>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> >> -- >> AF mailing list >> [email protected] >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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