I play options based on swings as a result of the shit that Trump says and does.
For example, when things tanked on Friday I bought some call options on the speculation that Trump would say or do some shit to make things go back up after the weekend. Sure enough, that worked out.
When things seem steady for too long, and things are near or at all time highs, you buy puts.
Either way, I try to not be too greedy and take profits (cash out either in full or in part) if things go above >25% gains.
Then I sit on the money and wait for the pattern to repeat. That’s how you make a lot of money in the Trump market.
All that said… I’m going to stop playing this in January or so and give it a break till July. There’s too many experts predicting things to get really bad in March. I want to be not invested during that time.
yes…so understand how it’s rigged, when you know how X stonk is gonna move it’s not gambling. though “scalping volatility” like that only scales up so far
I play options based on swings as a result of the shit that Trump says and does.
For example, when things tanked on Friday I bought some call options on the speculation that Trump would say or do some shit to make things go back up after the weekend. Sure enough, that worked out.
When things seem steady for too long, and things are near or at all time highs, you buy puts.
Either way, I try to not be too greedy and take profits (cash out either in full or in part) if things go above >25% gains.
Then I sit on the money and wait for the pattern to repeat. That’s how you make a lot of money in the Trump market.
All that said… I’m going to stop playing this in January or so and give it a break till July. There’s too many experts predicting things to get really bad in March. I want to be not invested during that time.
Options are fun but we’re playing in a rigged casino.
yes…so understand how it’s rigged, when you know how X stonk is gonna move it’s not gambling. though “scalping volatility” like that only scales up so far
Wildly rigged
(nearly) everything being rigged is the only way small fries make $