None of these boycotts really matter unless you get hundreds of thousands to boycott. FB has 8,000,000 advertisers. 100 companies are now boycotting, so there now is 7,999,900 advertisers left. FB along with Instagram has limited ad space available. That’s so you can enjoy the …
In this video I go over why I think Facebook stock is a long term buy and possibly a buy for a breakout in the near term. Facebook has been going no where as a stock for the last 2 years. If you have bought …
Where is the Stock Market Going from here? That’s a good question. A question that no one really knows. You can listen to all of the talking heads on CNBC, Bloomberg, etc…. but if you followed these talking heads on their market opinion, you would have lost money. Most financial guest on TV think we are going lower. They told us that we will test the lows. Even go lower than the lows. They told us to sell here. After all of the sell readerick, the Nasdaq is only 7% away from it’s all time highs. At the rate of the up days in this market. the Nasdaq can be there in 2-3 days.
So where do we go I think? Nowhere. I really think that the market will just gyrate between the 50% and 61.8% fibs. That’s basically between 2800 and 2942 respectively on the SPX index.
Until there is a vaccine or until there is evidence that there will not be a rise in the death rate as the economy reopens, I feel the market can do anything. It’s basically just waiting for more information. This may be a perfect market to sell Iron Condors for income.
While the stock market figures out what it wants to do, we can collect theta off of options by selling them. Remember, 80-90 percent of all options expire worthless, so let’s make use of that and sell the options to the people that are speculating on stock market movement. I think that is the best play for the current enviroment.
Now I need to take my own advice, because I mainly sell puts only by using credit spreads. Why, because I suck at Iron Condors and they move to slowly for me, but it doesn’t mean I don’t like them. I have one on right now as we speak. I show you an update of the position in this video.
So check it out and be sure to share your thoughts in the comments or hit me up on twitter @dretrades
Today was a difficult day in the market. Especially around Tesla (TSLA) stock. If you haven’t heard yet, Tesla’s CEO Elon Musk was on a Twitter rampage today. It all started around 1130am when Elon made a tweet that said that said “Tesla stock price …
This stock market rips everyday. Covid 19 is still a factor along with 20 million people without a job and people dying everyday. It just doesn’t matter with this stock market. The new way of living in the new economy will just not make these …
Usually when I do videos, I show you the trades I already have on. In this video, I show you the trade setup that I just put on. This trade is an options trade called an Iron Condor. This Iron Condor trade has the potential to make you 22 percent on your money in the next 31 days from today.
I show you exactly what I was thinking when I put on the trade. The trade limits to where I would lose money, and the potential profits I plan on taking before the trade comes to an end in 30 days. I do not plan to take this trade to expiration. I need to manage it by taking 50 percent of the profits before or just exiting the trade once the DTE reaches 20 days. At least that’s my plan. I say that because I usually reevaluate the trade once it reaches those limits. Reevaluating is something I should not do. Once a trade reaches my limits, I need to exit the trade. It’s something I know I need to work on.
When I put the trade on, It had a 90% probability of success. In actuality, since I sold both sides of the trade; it had more like an 80 percent chance of success, but I do not like those numbers and that math. I say that because I can only lose on one side. It’s a guarantee that one side of the trade will finish to be a winning trade.
This trade is in the SPX, which is the index for the S&P 500. The optimal movement I need this stock to do for the next 15 days or so is to go sideways. Although this trade is basically non directional, meaning that it can go sideways, up or down; sideways movement will lead to the fastest theta decay for the options. The word theta comes from the option greeks. It basically stands for the amount the the options contract will lose in value each day before options expiration.
Let me know if this video helped you learning about Iron Condors and if you have any questions, please don’t be afraid to comment.
Even thought the world is closed, is it possible for Tesla and Nvida to reach all time highs? Well, I don’t know about that, but what I do know is that both stocks are about to break out their recent consolidation areas in the 4hr …
Real traders all have one thing in common. That is that they are busy on Sunday.. Sunday at 6:00 p.m. That’s when the stock future’s start trading. Its one of the most exciting moments of the weekend. I say this because when you wake up …
Just analyzing where we go from here. This is the second Friday in a row where the market closed at the high. What does that mean? Does it mean we are going higher? I think with all the news in the markets, its hard to intrepid the direction. Especially if you think we are going higher. What I like to say is close your ears and just look at the charts. I do think the markets are heading higher. I know that sounds crazy but that is what the charts are saying. Many stocks are even sitting at their all time highs or close to it. I talk about $tsla in this video as well. Tesla I believe will be the next stock to do a Amazon type run to the recent highs. Earnings for the stock are next week and the option market is predicting a move of just over 100 points for the week. This could be the catalyst that takes the stock higher or if it does not, it probably will take some time to get there. I really enjoyed making this video. I hope you have the same feeling watching it. Shout out to JasonMNfrost for the superchat.
I got burned by Tesla. No, not the car but the stock; $TSLA. If you follow my you know I’m all about stocks. Well for now I am. I am about photography, trucking, stocks, and maybe a little of talking smack. I really mean the …