Message from @Smoke
Discord ID: 687151411217301566
<:ahem:639979147782914084>
hello hello
am i rich now?
yes
rich only in love
based
I didn't get the first comment <:why:638779720015675405>
so Im currently learning options trading
Using Robinhood?
but from I can tell Volatility is high
Yes lol
options are expensive for high volume stocks
I use Fidelity
Lots of people sitting out
also difference bid prices and ask prices are high
@Smoke have you done any options trading?
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
<:ahem:639979147782914084>
ok lets do this together then
I think it would be no bids? Just buy in the moment. You can do puts to short or calls to long
Yeah I was checking out Robinhood but the app seems unstable recently
I head they were having problems, many people lost money from what I heard
Ya the app went down for a couple days during the crash lol
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
Just as wuflu ramps up
so we can expect some kind of volatility going into sept
Im forgetting when they finalize the candidates and start the debates
I know some people trade the news, but not sure how
especially with premiums and bid ask spreads being high
I would almost expect market to recover by then. Election years are typically stronger market i guess
I think once we see the silver lining in supply/ infections, it’s gonna pump hard
I try and trade on mid-long term trends and sentiment
News can be too micro
I’ll need to get familiar with options more tho
have any resources that you could recommend on options
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
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
ahh ok
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
Lots of traders sitting out tho so I’m not in a hurry to jump in