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Posted

Highly volatile market in short term. Sign me the fuck up. My goal is to day trade options between conference calls with aim to buy a few shares of brk/b every day or two. 
 

 

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Posted
5 hours ago, Goredho said:

it's more about what to do with the big pot that I'd like to see grow, but not at the risk of being unavailable for retirement.

We may be nearing the point where you shouldn't be worried about return on capital, but rather return of capital.

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Posted
5 hours ago, Anastasis said:

Highly volatile market in short term. Sign me the fuck up. My goal is to day trade options between conference calls with aim to buy a few shares of brk/b every day or two. 

Aim higher

But a few shares of BRK.a every few days

  • Haha 1
Posted

I’m 60% US Equities (almost all ETF’s) and the rest pretty even across other stuff. I figure I’ll buy on the way down and back up and down. I have 20 years till hopefully retiring. I figure things will stabilize at some point OR it all goes to zero and we get our MadMax clothes and ThunderDome.

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Posted
13 hours ago, Fudge Nuggets said:

We may be nearing the point where you shouldn't be worried about return on capital, but rather return of capital.

That's why I have such a big bet against the market.  But my big downward bet has done so well I have now burned money to hedge back to preserve those gains, in case the market has a nice rebound. If you have nice gains you want to protect you need to develop a reactive strategy, beyond hope.  Or the concern will be exactly wishing you could get that capital returned.

It is also good to point out that until you sell a stock you have not gained a penny nor lost a dime.  Only at the sale point does that occur.

 

13 hours ago, Captainant said:

Same move as COVID - if you have no data, then nothing is wrong

OR Infant mortality rates in Texas... (wish I could laugh at that one)

 

Posted

The problem with the Trump policy at this point is not what the policy is or is not.  It's the fact that it is proclaimed one thing, then policy whipsaws exactly the opposite direction.  It's not the policy itself (which I personally believe will be very inflationary).  But the lack of clarity sort or makes me view the market right now as my UVIX where it will basically daily degrade, under the weight of transactional friction and end of day rebalancing.  

The friction is now the problem.  Because now even if a firm and permanent trade policy was implemented by the administration tomorrow, would anybody?  And I do mean Anybody, think that the policy presented would be the final policy?  Even if it truly was the permanent new policy, the assumption would be that the policy would again soon be revised.  So it might take an extended (compared to normal) length of time for the policy to be widely viewed as actual policy.  

Right now "Policy" is a tweet, followed up by a very strong and principled appearance by Lutnick. Followed the next day by a very strong and principled Lutnick, strongly asserting the exact opposite. This friction... in my mind is like death by a thousand tiny cuts dragging on the market.  

 

My one Plus play in the market in this account is Since I am slightly open to a big drop in UVIX, I took a tiny nibble of PLTR Tuesday, with March 7, $85 covered calls.  My net price is $81.04, and I don't get any topside FOMO until $89.70.  But making 5% in 3 days, is how I build my original PLTR stake.  If it closes OTM, tomorrow then I keep the shares and resell more calls on the next steep move upward, farther out for a larger premium. Of course this only works on a rising stock over time.

 

Posted
On 3/4/2025 at 8:21 AM, 52-80 said:

I have standing buy orders at 570 too. If we die, we die together 🫡

Apparently I had SPY575 orders, and those just hit.  The 570s havent triggered just yet... maybe today or tomorrow?

Posted

I bragged on the Intel thread about some equity + options positions that were absolutely stonking. And now they're just a hair above profitable. (Gonna grab more)

Nibbled on the Target drop a while back, and that was great too, except now its sliding into the red.

what-infrequently-known-quote-do-you-use-the-most-v0-7eg99lj29dg91.webp.9b72437e8fe4085a07524b6feed444f0.webp

 

Posted
56 minutes ago, 52-80 said:

Apparently I had SPY575 orders, and those just hit.  The 570s havent triggered just yet... maybe today or tomorrow?

I had an order out with a 583 strike and summer date and my order fucking missed by like 10 cents before it bounced. 

Posted
1 hour ago, horn4life said:

The problem with the Trump policy at this point is not what the policy is or is not.  It's the fact that it is proclaimed one thing, then policy whipsaws exactly the opposite direction.  It's not the policy itself (which I personally believe will be very inflationary).  But the lack of clarity sort or makes me view the market right now as my UVIX where it will basically daily degrade, under the weight of transactional friction and end of day rebalancing.  

The friction is now the problem.  Because now even if a firm and permanent trade policy was implemented by the administration tomorrow, would anybody?  And I do mean Anybody, think that the policy presented would be the final policy?  Even if it truly was the permanent new policy, the assumption would be that the policy would again soon be revised.  So it might take an extended (compared to normal) length of time for the policy to be widely viewed as actual policy.  

Right now "Policy" is a tweet, followed up by a very strong and principled appearance by Lutnick. Followed the next day by a very strong and principled Lutnick, strongly asserting the exact opposite. This friction... in my mind is like death by a thousand tiny cuts dragging on the market.  

 

My one Plus play in the market in this account is Since I am slightly open to a big drop in UVIX, I took a tiny nibble of PLTR Tuesday, with March 7, $85 covered calls.  My net price is $81.04, and I don't get any topside FOMO until $89.70.  But making 5% in 3 days, is how I build my original PLTR stake.  If it closes OTM, tomorrow then I keep the shares and resell more calls on the next steep move upward, farther out for a larger premium. Of course this only works on a rising stock over time.

 

Policy is created every day in a 4 AM tweet.  Then it changes the next day at 4 AM.  Rinse and repeat.

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