Message from @Smoke

Discord ID: 687151411217301566


2020-03-11 04:06:14 UTC  

<:ahem:639979147782914084>

2020-03-11 04:06:33 UTC  

hello hello

2020-03-11 04:06:53 UTC  

am i rich now?

2020-03-11 04:06:56 UTC  

yes

2020-03-11 04:07:01 UTC  

rich only in love

2020-03-11 04:07:08 UTC  

based

2020-03-11 04:07:31 UTC  

I didn't get the first comment <:why:638779720015675405>

2020-03-11 04:07:46 UTC  

so Im currently learning options trading

2020-03-11 04:08:31 UTC  

Using Robinhood?

2020-03-11 04:08:55 UTC  

but from I can tell Volatility is high

2020-03-11 04:09:02 UTC  

Yes lol

2020-03-11 04:09:20 UTC  

options are expensive for high volume stocks

2020-03-11 04:09:24 UTC  

I use Fidelity

2020-03-11 04:09:24 UTC  

Lots of people sitting out

2020-03-11 04:10:06 UTC  

also difference bid prices and ask prices are high

2020-03-11 04:10:50 UTC  

@Smoke have you done any options trading?

2020-03-11 04:12:50 UTC  

No just normal stock contracts a year plus ago. I’ve looked into options recently tho, seems simple enough. I made quite a bit of money and lost it all like a reckless junkie and had to take a break

2020-03-11 04:12:52 UTC  

<:ahem:639979147782914084>

2020-03-11 04:13:08 UTC  

ok lets do this together then

2020-03-11 04:14:18 UTC  

I think it would be no bids? Just buy in the moment. You can do puts to short or calls to long

2020-03-11 04:14:23 UTC  

Am I missing anything

2020-03-11 04:14:37 UTC  

Yeah I was checking out Robinhood but the app seems unstable recently

2020-03-11 04:15:15 UTC  

I head they were having problems, many people lost money from what I heard

2020-03-11 04:15:33 UTC  

Ya the app went down for a couple days during the crash lol

2020-03-11 04:16:56 UTC  

It seems super difficult to time market right now. Very news dependent. Stimulus news would cause pump, corona news a dump. I expect we go down in the mid term

2020-03-11 04:17:16 UTC  

Just as wuflu ramps up

2020-03-11 04:18:07 UTC  

so we can expect some kind of volatility going into sept

2020-03-11 04:18:35 UTC  

Im forgetting when they finalize the candidates and start the debates

2020-03-11 04:19:36 UTC  

I know some people trade the news, but not sure how

2020-03-11 04:20:06 UTC  

especially with premiums and bid ask spreads being high

2020-03-11 04:20:06 UTC  

I would almost expect market to recover by then. Election years are typically stronger market i guess

2020-03-11 04:20:30 UTC  

I think once we see the silver lining in supply/ infections, it’s gonna pump hard

2020-03-11 04:20:57 UTC  

I try and trade on mid-long term trends and sentiment

2020-03-11 04:21:13 UTC  

News can be too micro

2020-03-11 04:21:28 UTC  

I’ll need to get familiar with options more tho

2020-03-11 04:22:01 UTC  

have any resources that you could recommend on options

2020-03-11 04:23:52 UTC  

Not really. I just read a couple articles on using Robinhood and it’s pretty simple. I think they give you less to make it user friendly. I’m not familiar with premiums or bids even with Robinhood so you probably know more than I do

2020-03-11 04:24:49 UTC  

I’m decent TA tho. Spent a lot of time learning and paying to learn. Tho that seems to be a minimal part with current market

2020-03-11 04:26:15 UTC  

ahh ok

2020-03-11 04:27:50 UTC  

I guess my plan is to look into fidelity vs Robinhood or anything else. I’m wanting to wait until Trump announces his stimulus tho. That is probably in a week or so

2020-03-11 04:28:19 UTC  

Lots of traders sitting out tho so I’m not in a hurry to jump in