Investors / Options Traders

[jc05e46m3]

For a year now, I've been heavily trading options with other like-minded individuals. I am here to answer any questions, bounce ideas off of, and share knowledge.

We also have a discord group where we trade, so another great resource.

Note: anything you decide to do is at your own risk.

[Rube]

Originally Posted by jc05e46m3

For a year now, I've been heavily trading options with other like-minded individuals. I am here to answer any questions, bounce ideas off of, and share knowledge.

We also have a discord group where we trade, so another great resource.

Note: anything you decide to do is at your own risk.

Can you point to some good reading to gain some knowledge as I’m not very familiar with this. Thanks !

[chassis]

Originally Posted by jc05e46m3

For a year now, I've been heavily trading options with other like-minded individuals. I am here to answer any questions, bounce ideas off of, and share knowledge.

We also have a discord group where we trade, so another great resource.

Note: anything you decide to do is at your own risk.

Thanks for this thread. What theme or thesis has done the best for you?

[overcoil]

Originally Posted by Rube

Can you point to some good reading to gain some knowledge as I’m not very familiar with this. Thanks !

I use this series of videos
These r my brokers so I get the up to date videos which are my weekly market aids. But browse thru these and you’ll start to get familiar with terms and strategies.

Go to YouTube for the many associated videos from the same analyst

[FastF30]

The SPDR® S&P 500® ETF Trust fund has been best performing safest way for most... I personally stay away from day trading or playing picks (this could turn ugly fast...over 90% lose money)... Long term is always best.... just my opinion...

My CFO (wife) manages our stock funds mostly... emerging markets will be big if Biden in my opinion... Tech companys always...

I'm taking the disposable funds into crypto... no toys for a while... yea right.... lol...

[2000cs]

I read Options as a Strategic Investment back when it was first edition, probably in the 1970s or early 80s. Covered all the basics, basic strategies and the math very well. Now on Amazon in the 5th edition. Good starting point I’d guess.

I only use covered options (write covered calls mostly) to juice returns on some otherwise lackluster stocks (good dividends, though). I used to have the attitude that if the stock is good, the option is better. But with trading computers these days I doubt if there is much opportunity for a geezer like me to keep up. Thus, safe strategies for me.

[Tommy-G]

My question, in your opinion how much do you need to start to play?

My old accountant told me unless I can stand to lose $10k, don't even play in the market

[overcoil]

Originally Posted by TommyG-inFlaNow

My question, in your opinion how much do you need to start to play?

My old accountant told me unless I can stand to lose $10k, don't even play in the market

You don't need much money.

Do u have an online broker that provides Options instructions ?
And do you buy and sell stocks on your own ?

[Tommy-G]

Originally Posted by ScottSinger

You don't need much money.

Do u have an online broker that provides Options instructions ?
And do you buy and sell stocks on your own ?

No
and
No

[overcoil]

Originally Posted by TommyG-inFlaNow

No
and
No

obviously the $10,000 your accountant mentioned is not how much money you need to start buying options. But options are risky and an advanced kind if vehicle for putzing around with.

[Jonzny]

Originally Posted by TommyG-inFlaNow

My question, in your opinion how much do you need to start to play?

My old accountant told me unless I can stand to lose $10k, don't even play in the market

Don't start trading options.

If anything start looking into covered calls, that is where you would want to start.

[Mosaud1998]

As of right now, I have a few shares in United Airlines and Tesla. I will be getting the stimulus check since I am 22 and not making more than $75k/year (I'm a college student ). So, I am planning on taking half of the stimulus check and investing it but I am having a hard time choosing where to invest it. I heard NIO is a good one along with Amazon.

[qba335i]

Reddit => Wall Street Bets => out of the money call options This is a joke of course.

Buy some global diversified fund and add to it frequently and consistently.

[BayMoWe335]

This is a bad start to your investing career.

Just sayin.

[MisterF80M3]

At 22, I would open an IRA and max out the $6000 yearly contribution and invest into a Vanguard ETF like VOO, VTI.

[vreihen16]

Bet the farm on XSPA. It is a forum favorite!

With AMZN at $3,322 per share as I write this, half of your check ($300) isn't going to buy much of that.

I have heard several professionals advise new investors to buy into a fund that tracks the S&P 500. I have had my play money parked in SPYG for about three months, and already received a few bucks from an equity distribution. Any return is better than what it was earning stuffed in my mattress at this point.

Obligatory disclaimer - I'm not *a* stock broker...just broker. I wouldn't follow my own stock advice.....

[David70]

First question is what is your goal and when do you need the money? I agree with the above about going with a low cost index fund but maybe not the IRA depending on what your needs are for the money.

The idea of asking a BMW forum for stock picks might be fun and exciting but long term it is unlikely you will beat the experts in this field or the low cost funds. Similar for asking for NFL betting advice here.

[_X]

Recently started investing, but here are the stocks in my portfolio.

Plug Power, Longview, Fastly, FuelCell Energy, NIO, GE, Nano Dimension, Hudbay Minerals, Aphria, SSR Mining, Pfizer, Workhorse, Karyopharm Therapeutics, CVS, Evogene, SalesForce, AstraZeneca, Inovio, and Lordstown Motors.

I will probably add Crispr and Pacific Biosciences and Microvision soon.

For the experts, please feel free to give your thoughts on these stocks and suggestions for future investments.

[Noneya]

Originally Posted by MisterF80M3

At 22, I would open an IRA and max out the $6000 yearly contribution and invest into a Vanguard ETF like VOO, VTI.

This. Buying individual stocks is nothing more than gambling - and if you're so inclined might as well go to the casino and put that $300 on black - pretty good odds for immediately doubling up.

[gqgambler]

Originally Posted by MisterF80M3

At 22, I would open an IRA and max out the $6000 yearly contribution and invest into a Vanguard ETF like VOO, VTI.

ROTH IRA
Open and invest, maxing out each year as long as you can. You can contribute up to the max of your earned income or the contribution limit. Tax-free growth. You need to develop and investment strategy style and risk profile before making picks. Some people are for stocks, some against, others prefer index funds or a mix. And learn as much as you can before starting to play with money.

[2000cs]

At 22 I would start with the IRA idea, or 401(k) and max out the contributions. That is a savings plan, not an investing plan.

For investing those or other funds, the easy way is to use index funds and closed end funds. And that is adequate.

I prefer to learn about the markets, stocks, companies and all that, then invest in the companies I think have a good future. Key factors are a very strong market position (eg Apple), founders in place and dedicated (eg Tesla), growth prospects and a large potential market, etc. I prefer growth and tech myself, but I know more about those areas than transportation or mining or other sectors.

There are some good investing sites and subscription services, choose according to your interests and needs.

As I’ve suggested before, treat it like a favorite hobby: read and study everything you can, dip your toe in, and build experience and competence over time. If you bet your wad on one stock, you might win, but you also might never invest again.

Disclosure: I don’t own Apple or Tesla although I suspect both are in some of the funds in my 401(k), just using them as examples of the investing principles I use.

[XutvJet]

Read this very simple article regarding Warren Buffett's 15-minute retirement plan. This is ALL you need to do until you get around $1M to $2M in investments. It doesn't get any easier and will beat anyone else's recommendations almost every freaking time. I've been doing this for around the last 8 years. It's been extremely lucrative for me. I'm 46 and looking to retire in about 4 to 5 years now.

https://www.fool.com/investing/gener...ment-plan.aspx