Submitted by TraderDan1 t3_zz2wqk in wallstreetbets
Comments
PressureBased t1_j293ins wrote
Copy,Paste into my tinder account page.
what_is_blue t1_j29y7d5 wrote
"Pro: I'm rich.
Con: Our kids will almost certainly eat crayons into adulthood."
PressureBased t1_j2a5v5c wrote
😂
Willinton06 t1_j2a8re1 wrote
Why are the numbers green? Are they sick?
BorisYeltzen t1_j2ak2gk wrote
Position update?
TraderDan1 OP t1_j2akx6e wrote
The image was taken approximately 6:40am PST right when the market opened. By 6:50am I closed my QQQ position for a 69% gain. This is not a typical daily gain for me so I feel lucky. The other positions have much longer DTE so I'm letting them sit. They ended the day down between -8.5% to -13.5%. I have no worries about them however. We've got time.
No new plays today.
BorisYeltzen t1_j2akm40 wrote
Warning to everyone do NOT look at OP's post history unless you want to see someones penis that his wife would apparently like.. You dudes need to be safe out there on the interwebs.
AutoModerator t1_j292xch wrote
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TraderDan1 OP t1_j293xc6 wrote
As per the moderator, my rationale for playing these puts, and most of my option plays, are based on statistical analysis of morning gaps. I have developed my own algorithm that tells me the probability of any instrument backfilling and closing its morning gap within 1-5 days. If the gap is right, and has not been filled within the first hour I begin to look at a 5 day CALL or PUT at the level of the previous day's closing price. I only do it when I have the right gap size (enough profit) and 80% or higher probability of gap fill based on my program.
IndianRegard t1_j29wmb1 wrote
You said that like a bot
RobertsonvsPhillips t1_j29dwrr wrote
Big brain shit! How's your performance since starting your program?
TraderDan1 OP t1_j29opmr wrote
This is only one strategy that I use for short term stuff. I'm pretty conservative really and work with a flavor of the general "wheel" strategy. This doesn't provide me trades every day. With that said, I've been using this method for almost 3 years, and the aggregate of my trades in this way have produced 80% winning trades within 3 days. If my profit reaches greater than 50% I close it. Some days, like today, it really popped right at the open so I jumped in to close my QQQ as quickly as possible. Average profit on each winning trade is 27%.
Again, the morning gap level, that is the previous day's closing price is a magnet in general. Now if a stock gaps 5% or higher in one day, the likelihood of backfilling it becomes statistically less likely, so I'm looking for gaps that are between 1-2% in size, maybe 3% and plan for a 5 DTE.
RobertsonvsPhillips t1_j29tplt wrote
Well GG, and I guess congrats and f u.
VisualMod t1_j292xqn wrote
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robot_handjob t1_j29nngh wrote
A fed bear is a dead bear
NoStart7231 t1_j2b9hkf wrote
Should’ve sold
[deleted] t1_j2byjaw wrote
[removed]
VisualMod t1_j292y9r wrote
These are the stocks that I am currently watching. As you can see, I have a strong preference for tech stocks. I also like Tesla and AMD because they are volatile and tend to go up in value quickly.
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Salkhaa t1_j29mr59 wrote
well done!
DepartmentBig2849 t1_j29dt7z wrote
now just do it on a live account