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The most popular Products mentioned in /r/maxjustrisk:
The most popular Services mentioned in /r/maxjustrisk:
Stock Titan
Teknik Uploads
Trustpilot
Bypass Paywalls
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The most popular reviews in /r/maxjustrisk:
BBIG Thread
Again like a few folks here another manic Monday at work. just managed to get hold of Ortex
https://www.screencast.com/t/KwVYb3GmU
Estimated SI of FF = 27.7%
Shares on Loan = 27.3m
CTB = 192.61%
Utilization = 99.79%
I use this: https://imgbb.com/
No account necessary, the front page is the upload page, links expire. It’s the best.
transfer.io is a real pain. It tells Chrome to download the image instead of just viewing full size in the page. It’s ridiculous and I hate that it gets used.
Just read about UWMC canceling their planned offering and increasing their buyback rates. This should theoretically be the ideal conditions for some type of squeeze. The IV tomorrow will probably be sky high, but if it isn't I'm considering a rather large position.
Did someone say they want to fuck the shorts so hard that they kill themselves? I think they did
FWIW I looked through some recent LULU customer reviews and trustpilot offers some simple but free insights on their data. It goes back for the last year.
And to sum it up: what else can I say, but LULU ‘s performance is absolutely (devastating.
It seems a lot of customers turn their backs on them and that their customer service has worsened, especially over the last year. Whether it’s linked to supply chain issues or due to not finding enough well-qualified people for their call centers….this surely will make it tough to create recurrent revenue on the same customer.
Just as an extra insight for everybody’s decision on whether to build up a position or not.
You need to read Mark Douglas - he talks about exactly this:
- Most traders don't have a plan
- So they make emotional decisions based on fear & greed
- The traders that do have a plan (or have the capital to manipulate the market) will ABSOLUTELY take advantage of this.
I'm reading The Disciplined Trader right now, but he also talks about this in Trading in the Zone (which he is his later book that I read first).
Incidentally, this exact behavior is why I'm starting to learn TA -- because I want to have a system for determining good entries & exits, to help me avoid making emotional decisions.
SPRT was actually my first "real" experiment - I set some take profit exit points at Fibonacci extensions that I charted, and I was successful! Now, I didn't hold to the absolute peak - it went much higher, faster than I anticipated, so part of my takeaway from this trade is to determine how I leave a little bit of skin-in-the-game in my exit strategy for these stratospheric pops, but hey - I walked away from this with a good profit AND I feel good about how I traded it. At my stage - the latter is more important, because (as history has shown us) there will ALWAYS be another play. And if I learn my lessons now, I'll be better prepared to profit MORE (or lose less, as the case may be) on the next one.
Is this the first book you were talking about?
Are there other books you'd recommend (other than Volume Price Analysis)?
I thought you're much more used to big drawdowns than I am. Last year I kept my conviction and emerged winning from a 40% drawdown, with very high volatility all the way up. This year I've had about 2/3 of my port on PBT calls, and that got cut in half in a day. I went on a tilt and I'm not fully recovered... I'm still below that high even though I passed it again later for exactly three days before getting smacked again with a huge drawdown. I think the difference for me was that last year the drawdown amounted to a sum I could make back with salary, whereas now I'm playing for sums that will take me a long time to accumulate with work. Different mindset. The mental game is an important subject that we rarely discuss.
​
This is a part of my TA journey. Those are the steps so far:
- TA can't possibly work because if it did algos would replicate it and suck all the alpha out of it.
- Ok, too much evidence of it actually being profitable for people. I've already concluded in the past that EMH doesn't hold in case of FA, so it could be the same for TA.
- The tutorials and books on TA are... Technical. I'm a mathematician in heart, and I can't do it unless I understand why/how it works. Ooof.
- Starting to understand why/how it works, got some intuition. Was able to convince a friend that there's merit to it (he also was in the "astrology for men" camp). I think that's a nice milestone.
- Slowly getting more insights, building intuition, learning about tools that apply those principles. There's still a lot that seems like weird magic, I attribute it to a signaling mechanism (aka self fulfilling prophecy).
I have another recommendation after you finish this one. The presentation is a bit tinfoil-y, but think about it as a mental model and the rest will make sense.
To add to the news: https://www.cloudflare.com/press-releases/2021/cloudflare-announces-r2-storage/
might have implications for amazon. I’ve been busy as fuck and silent, good to hear from you all.
Add to that that they're almost sold out from amazon
Happy to help. You might be in luck though. If I thought the company was undervalued, I'd hang on. A quick glance at finbox wasn't promising but memes/momentum often trump value in the short term so it's a never a guarantee, more like a parachute. The technical set up is still there, the short term unconvincingly regained its footing by the end of the day. The medium term setup will hold until it breaks $13. Put/Call ratio was .38 Vol and even .62 OI but they make up less of the float compared tot he other plays here.
Finally you have The Senator Investment Group LLP filing for beneficial ownership of 6.03% after market close. Maybe that will all be enough to keep it in the game until you can get your lotto ticket back out.
I've also come around to your way of thinking, after believing in the thetagang way.
I'm still new to options, and am currently working my way through the mammoth Options as a Strategic Investment and just finished the section on covered call writing. Some really interesting ideas. Writing OTM CC's is essentially a very bullish strategy as you are exposed to downside risk. Writing ITM CC's increases your downside protection but limits your upside potential. So when should you do it? The answer, it seems to be, is in correctly reading the market and the ticker in question, then contrasting your returns if your calls are exercised vs. returns if the SP remains unchanged at DTE.
The trader who knows how to write proper CCs while simultaneously taking a position in a ticker will make more money than with equities alone.
It's also become more and more apparent to me that most traders rarely, if ever, talk about hedging. I have been seeing it as more and more important.
I would guess that the thetagang strategy works on a personal energy-management basis. Rather than painstakingly research the market and new tickers every morning, which is exhausting, simply sell new weeklies on Thursdays for equities you already hold. I guess it works as an intermediate step for a new trader?
Following your lead with another all time classic.
If you want to get a feel for the game, the history of the game, and then the options mechanics, this one is an all time go to.
u/doopajones
Trading Options Greeks (Passarelli) -- commonly recommended for learning options Greeks. I read it a year ago, need to read it again now that I have a bit more experience under my belt!
Don't ask how high or how low things will go. That's an unknown.
Required reading for Monday. Or the audiobook reader is also great. Or get it free from your library on Overdrive.
Reminiscences of a Stock Operator
It's 100+ years old and lays out the game and the unknowns. The tech has changed and Bucket Shops are now called Robin Hood, but there is no conceptual difference.