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AutoModerator t1_j292xch wrote

Hey, if you haven't already, please reply to this comment with your positions and what led you to enter or exit them!

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VisualMod t1_j292xqn wrote

User Report
Total Submissions 0 First Seen In WSB 2 years ago
Total Comments 0 Previous Best DD
Account Age 4 years [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)

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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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TraderDan1 OP t1_j293xc6 wrote

Replying to AutoModerator (#1,182,852)

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.

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TraderDan1 OP t1_j29opmr wrote

Replying to RobertsonvsPhillips (#1,185,729)

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.

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Willinton06 t1_j2a8re1 wrote

Why are the numbers green? Are they sick?

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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.

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TraderDan1 OP t1_j2akx6e wrote

Replying to BorisYeltzen (#1,195,768)

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.

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