A quick edit of a live video. Thanks Pyro for the edit!
So the action was a little choppy today.
Huh? Sure here you go….
There’s the chart. Let’s celebrate, because life is short but short for certain.
So WTF does that chart mean?
Well if you’re in my trading room https://androstrades.com/2017/05/28/investing-vs-trading-tale-two-cities/om or taking my free text alerts https://androstrades.com/unusual-options-activity-alerts/…you should have a decent idea.
I think we are turning into
Either way, here’s the drosFlow Unusual Activity Through this week….
$NIO JUN19 $12.5 Cs
$OUT MAR19 $20 Cs
$WP MAR19 $100 Cs
$BUD APR19 $75 Cs
$EPAY APR19 $55 Cs // follow up from #drosflow MAR19 $50 Cs
$COTY MAR19 $11.5 Cs
$TSG APR19 $17.5 Cs
$WAB APR19 $80 Cs
$CROX MAR19 $28 Cs
Best of luck my friends.
” Its just money; its made up. Pieces of paper with pictures on it so we don’t have to kill each other just to get something to eat. It’s not wrong. And it’s certainly no different today than its ever been. 1637, 1797, 1819, 37, 57, 84, 1901, 07, 29, 1937, 1974, 1987-Jesus, didn’t that fuck up me up good-92, 97, 2000 and whatever we want to call this. It’s all just the same thing over and over; we can’t help ourselves. And you and I can’t control it, or stop it, or even slow it. Or even ever-so-slightly alter it. We just react. And we make a lot money if we get it right. And we get left by the side of the side of the road if we get it wrong. And there have always been and there always will be the same percentage of winners and losers. Happy foxes and sad sacks. Fat cats and starving dogs in this world. Yeah, there may be more of us today than there’s ever been. But the percentages-they stay exactly the same.”“John Tuld” in “Margin Call”
Great movie. Great quote. But with that said, Tuld’s character in the movie brings up a very potent quote. “It’s just money.”.
So what is money? We can go to 600 BC where King Alyattes starting ‘coinage’. Before that we could say ok I’ll give two oxen for a pound of tomatoes.[Read more…]
First and foremost, let us take some time to acknowledge today’s holiday. Last year, today, I made a post of the same nature…some notes on stocks that ended with praise for Dr. King. Figure I’d start this one with reverence to him.
“Darkness cannot drive out darkness, only light can. Hate cannot drive out hate, only love can.” – MLK Jr.
One of my favorite stocks to own, $AAPL, released this picture in 2017 in commemoration of the day.
Hell of a quote Dr. King. Hell of a quote.
Now lets talk some of these stock things.[Read more…]
I’m sure you’ve heard over the past years of the whole argument of active versus passive portfolio management.
John C. Bogle (aka Jack Bogle) passed away today.
He was the founder of the Vanguard Group. In his first go-around at an IPO he went public with an expectation of raising for what, at the time, was called the “First Index Invest Trust”.
They raised $11 million dollars at their IPS versus the expected $150 million.
Regardless, doing year-over-year over just about anyone else….opening new funds…keeping fees low…the Vanguard Group (as of January 31st, 2018) now has $5.1 trillion dollars in assets under management.
This trust would go on to go by $VFINX aka the best retirement fund I advocate anyone allocates to.
There’s too many stories out there explaining his investment strategy…which is more or less to balance and leave yourself with some powder when you need it.
All I have to say is there goes another of our best, learn from his lessons.
To one of the best our field has ever seen. Beyond returns. Hope the cap gains are not too bad up there sir.
Cherish the ones you love; not talking heroes like Bogle here, I’m talking family.
This is technically a lesson from the room, but I’m going to type it out rather than just post a screenshot like I do for most of them.
Even if you haven’t been trading for a while, I’m pretty sure you’ve seen “Heat Maps”. Many people look at them like they look at some geological survey of an ancient civilization…a map of what is/what once was.
I treat them differently. If I’m looking for day-trade ideas, I use them as real living and breathing maps; even GPS if you will…
With roads and guides; pathways to the next step.
Here’s how.[Read more…]
So a member of my trading room had a question regarding the gains on his puts (shoutout M2).
I feel like my put gains suck. $TSLA from 301.5 to 294 and I only gained 20%
While I’m not one to argue with 20% gains, there’s a simple way to figure it out. I don’t speak much of the option greeks, but I strongly recommend anyone trading options learn them.
So how do you get better returns on puts? Use the greeks…namely Delta. Here’s a quick transcript of my answer from the room:[Read more…]
While browsing around I found fantastic infographic.
Compare some of the numbers to what we are experiencing (or have experienced) recently. They do some of the work for you.
I think some of the best points made include
- How many times the average ‘correction’ (10%) turns into a crash (aka AHHH SELL THE HOUSE / 20%). Those percentages are technical definitions.
- Weathering the cold
- Bear markets become bull markets
Frankly…enough for the list, just check out the infographic. Don’t take of what it says as steadfast. Percentages are probabilities in these scenarios and nothing is 100%. Just some good info I thought was presented in a good way.[Read more…]
If you were scared by the action today on the indices and in the market in general, then don’t worry you were not alone. But also you shouldn’t be worried for another reason and this is one of the dirty little tricks used by the “big money” of markets.
If you were only watching the price action on the chart of $SPY today then you’d see a very harrowing scene, but if you were watching what I call “under the hood action” (or money flow)…the actual buying or selling that was going on, then you would have noticed something quite different.[Read more…]