marketgod

Don't buy cheap stocks and hope they go up. Buy expensive stocks and watch them go up.

You should sit on some TSLA for now also.

Check out /r/fatfire it's more appealing for this situation.

I can do 20% on $2.5MM easily with only $500K at risk trading options.

Edit: I'd love to hear input on why people are scared of options.

You have over $500K? Take $50K and setup a margin account.

Follow my trades for the next year while you work. Trade it while working if you can. When you turn the $50K into $250K you can quit your job and trade full time and work as a white-hat and control what you do.

Okay that was the easy way out. Now the hard way.

Get certifications. Security is hot right now. Everyone needs a security person. A cert or experience signal that right now.

Network. How many meetings have you scheduled with someone in security at your current company in the last month? What are you waiting for. Message everyone at your company and ask for 10 minutes to talk about how they got where they are. The more senior their role the better it is.

Also find another job for now that won't make you hate life. Start applying. Ever heard of informal interviews? Try it out.

Not really a programmer but was in a similar stream. I trade stocks/options now.

I worked really well with excel sheets (macros) and was able to calculate an edge from watching data which was available to me. Maybe your work has a problem you can solve and it would work for other companies.

I had to get the same data at that time, now it's easily accessible, and enough capital to implement the strategy full time.

I had to learn to program a different language which created the active income stream.

Ask yourself what do you like doing? Then work on it in your spare time. What's fun for you? For me, I wanted to make money without working hard. I also love money.

In Toronto you can get some amazing developers for half the price of the U.S. A lot of the really good workers despise the U.S. so much, especially right now because of Trump, that you can steal all the rock stars for your startup by offering smart perks.

Also right now we can bring in foreign workers to staff up operations really easily so this is probably a good idea.

Your customer service probably will have to be out of the U.S. or somewhere outside of Toronto, maybe Saskatchewan.

I used to be a wage worker however when I transitioned to this lifestyle it was weird. Sitting in front of a screen all day was annoying.

Going to the gym helped. Happy hour at the bar. Teaching others are 3 of the best ways I found to add value.

But stop focusing on work conversations and focus on personal conversations. In my experience once you stop working with those people you won't hear from them because at work a lot of people present a false front because of the expectations required.

I.e. Focus on your conversations in general and it will take care of the lack of work conversations. You aren't really friends in many cases.

I really recommend rethinking that. TSLA is the future of the market. Hold it forever.

10250 is about $300 on SPY. I don't think that's happening.

Getting into TSLA tomorrow Oct 02 $450.00 Calls with $8.00 buy stops.

That's hard to answer because how much money do you have? Will you be getting the same amount of money? How would you live if that money wasn't available?

But the more important thing is, do you want to have fun now? Do you want to go out, party, vacation, hit up the clubs? Or do you want to stay home, save money. Maybe buy computer gear and AR or whatever the new fads are as they come? Maybe you want to save and go on vacation 3-4 times a year. Or maybe you want to save completely, get to a $1/$2/$10/$30M and then retire and do what you want to do. So when you answer that more clearly it helps to kinda figure out what you want to do.

Now if you want to have fun and enjoy your school career, I wouldn't put any money in the market, I would just go spend it. The reason being is your career should pay well. Now are you good at it?

Are you going to go for a FAANG job or a regular job? Do you want to work for someone or start your own business? Maybe instead of investing in the market, invest in a tool, like something that is going to change how everything works, for example, you think AR is the future and VR is crap, so the first AR device can be purchased, or you want to get the first Neurolink and solve dementia or whatever.

Suppose you have decided you are going to work for someone, then you want to put the money in the market somewhere and don't want to learn any new tech because you are focusing on school. YOu have to decide, do I want to swing for the fences or use a lazy portfolio. So if it's the former you can buy stocks that are the next AAPL like TLSA, or the stock you think is the next TSLA. You can split it up in a few stocks if you think you can pick better than the average market. Alternatively, you can go with the lazy portfolio and just throw it into Index funds knowing in 20 years you will be golden, and since you are going to get a decent job you will be able to contribute each month and grow it and life a safe life. To do this, look up bogleheads lazy portfolio or canadian couch portfolio in Canada.

Now if you really want to live life, and say you wanted to spend $1000 on a party, you go and risk that and put it on options. Turn that into $10K and go and buy a $10,000 on a bigger party instead. But you could end up finishing school with no money. Seriously, don't try this, I am sure most of #wallstreetbets does that.

However, it all depends on the life you want to live.

Note: Posted this comment a few months ago on Reddit and it applies to you as well.

Are you considering this a correction and we are going lower? It's definitely a strong market right now. There is nothing bad happening except weak hands folding.

Timing the market > Time in the market is my motto so your previous comment has me intrigued.

Lookup Wonsulting.

So I lost $800 per contract but I made $30,000 per contract on my last trade so does it affect me? Shit happens. You take your losses. Market is still fine. I don't know if your nice play comment was supposed to be some smart alec reddit comment however if it was then continue being someone's personal slave. Thanks.

With options you make more money selling the option before expiry so the out of the money will have more theta value so you will likely get paid more. Also if theta is higher and the cost of the contract is low, you are getting more for premium (extrinsic) versus intrinsic value.

The short interest has really gone down for TSLA significantly. It was double what it is now so I don't think short covering should push the market up, I'd presume the people who think Tesla is a fraud are going to get back in now as it is cheaper and maybe even look for a $240 target to add more shorts.

Thanks. I was really curious as to people with larger capital available and how they are rotating their money. In the last 3-months, I have had more private investors reach out to me with respect to allocating their capital and increasing returns while bypassing the traditional capital markets.

Why do you think that the public markets are a bad investment right now? The public markets are a stock pickers market right now, so something like TSLA is going to outperform a lot of different investment options over the next 5-years.

With TSLA it may not work so well because TSLA has had a high short interest rate historically. So actually, after the split, if we see more shorts come in to drive TSLA down, we may get another substantial move up, hence I have $1000 targets for December.

Here were my positions yesterday. I got hit up on AAPL/TSLA which were being held from a day earlier. However, during the market this is what I did:

executed: BTO SPY 2020-Sep-09 340 Put @ 2.39 DAY executed: BTO SPY 2020-Sep-09 340 Put @ 2.72 DAY executed: STC SPY 2020-Sep-09 340 Put @ 2.90 DAY

At peak it was 40%, but I just needed the 10% to make up all my losses. Then I got onto calls:

executed: BTO SPY 2020-Sep-09 350 Call @ 1.82 DAY

Were up 25% today but I held them as the market is still strong.

All my positions are always posted. My Discord is open.If you read my post, I did not say I made money on this drop, but I did see it coming, however, I am bullish, so I am not going to flip a switch on a whim. Look at all my posts in my #updates channel the last 2-days. I have called this is a fake out and a rebound.

Think about this when you read a news article and they make a statement, what are this person's credentials? Since they are useless, go look at fundamental/technical analysis instead of media noise.

Edit: New TSLA position taken: executed: BTO TSLA 2020-Sep-11 490 Call @ 8.09 DAY

Yeah seriously. If someone knew why stocks are failing they would be rich. Similarly, why they are rising. The only reason is someone is buying and someone is selling, any other reason is to get clicks.

Yesterday's drop you could see it coming 5-days ago but if you had gone in 5-days ago you would not be making money today, so it's hard to just time it that well. RSI was high, volume was drying, many other indicators.

Edit: To add let's not forget there was a huge run on Tech so everyone is re balancing. This is a BTD opportunity.

If you end up seeing this, which headset is this?

Try r/thewallstreet not too bad either but better following me with options :)

If you buy 20 shares today you will have $1M in 10 years from TSLA.

Chris, thanks for this. I completely missed this comment. I will look into that as an option. Right now my trading platform is an old windows app as most stock trading applications are and the web browser version doesn't allow all the features, but this looks like something I will have to try.

It would help make your argument. I'd like to hear about nasal rinse making you more healthy. All I see is a Joe Rogan podcast, if that's what you are referring to?

I'd be interested in something for a desktop. Currently, I have 3 monitors and having an extra 2 at the market open would be perfect then put away the headset after 30 minutes and just watch the market. If anyone has a recommendation.

I'm retail and if someone was front running me they would be broke by now. A lot of the brokers have terms where they trade against your position.

Watch out trading options when you don't know your max risk and allow a platform to calculate it for you [0].

[0] https://www.reddit.com/r/OutOfTheLoop/comments/ai07ft/whats_...

Then maybe add more because the market returns are suppose say 5%, but they are generally much more higher, around 10% over a 15-year period. Over 14-years that money doubles, but the market is performing at 10%, and even higher lately, so that's 7 years. So instead of buying that model 3 in 5-years if you continue adding small increments that Model 3 turns into a Model S in 7-years.

The issue is many people hold a savings account in cash but then inflation eats you up, or they store it in a savings account, but then you break even with inflation. Taking advantage of compound interest is huge.