FUCK YES

9:52am update Just closed them all out for 67% or better. Thank Allah I keep getting so lucky since I apparently have no idea how to trade

12/08 normally I only play weeklies but it is Thursday, and premium isnt anywhere near 8.5 yet.

My COIN plays were weekly and I’m already out of them. I normally do just 5DTEs or less .. 7-2 DTEs I guess. Call premium would’ve been much better yesterday but I hope it works out🤙

I traded NVDA naked before earnings and I'm still breathing..

Something I should point out respectfully, cuz I'm not talking to you specifically but the group as a whole..

A lot of you have no business trading stocks like NVDA, MSFT, MDB in this case, because these names are extremely expensive. Cut your teeth in the 50-150 range before you try taking on monster stocks like NVDA.

Anything north of 200 takes up a lot of your portfolio just for 1 contract and you need more portfolio to maneuver if/when your positions gets challenged.

TRADE TRICK

I posted this about 6 month ago in a separate post so I'll post it here to keep alot of you new traders out of trouble....

On your chart Add Indicator: Bollinger Band (which is literally just the standard deviation Idk how this guy got the patent monopoly on "standard deviations" but it is what its)

Bollinger Bands: Inputs (3.75, -4)

On a WEEKLY Chart : Don't sell calls below 3.75, don't sell puts above -4.

For Daytrading Charts: keep the bands but also add in VWAP with inputs (3.5,-3.5)

same priniciples as the bands. Price must satisfy both BEFORE 10:30 then after either one is ok on their own

These 2 steps will keep most of you out of harm's way. I'm barely scratching the surface but if I had to dumb down risk management to 1 or 2 steps

this will keep you trades more conservative and give you a better understanding of how volatility behaves.

9:52am update Just closed them all out for 67% or better. Thank Allah I keep getting so lucky since I apparently have no idea how to trade

Holy Shit!

Limit order C530 @ 8.5 locked & loaded

Possibly 2 things though 1) Using my example of (3.75,-4) I don’t think they calculate deltas that low. I wouldn’t even feel comfortable with selling a 2 SD. 2)I’ve seen deltas change widely in a day whereas a weekly SD stays in an approximate enough ballpark on the chart to make a decent enough prediction on strike.

CORRECTION I do see premarket its up at 433 so I readjusted my 8.5 premium target to C530. I actually hope it overshoots so I could sell more OTM Calls.

In regards to "seems risky" - we're traders ; they're inherently risk in everything. I'd only sell 1 contract prior to earnings and I have the portfolio size to manage that.

PSA: I'm not here to tell other people to trade like me, I just react to posts as I see them in the moment; MDB was a good find so i responded.

I wouldn’t feel comfortable on the put side till P300 and the premium just isn’t there. Plus it is a 420 stock I’d rather have the portfolio available to sell more calls if it moons out

You don't have to be a pussy about it. You also don't have to comment on every post I make here.

You're not the only one that researches their trades before they enter. https://www.redgifs.com/watch/rigidothermountainlion

luckily I pay an illegal to hold them for me, but its ok... she's voting for Biden.

Thank you Captain Obvious. You've saved my life yet again