Need help because I suck: "Turtle" Principles for Options?

zghorner · Apr 17, 2020

richDude said:
thanks for the beer... forget another leg down.... if you study price action you'd not even ask the question about another leg down.... the past weeks it was shake and scoop then the robbers are now running away with the loot as master dozu predicted they run away fast so the empty handed dumbos can't nibble back slowly.... corrections don't happen this way, once the volume dried up down there around the end of March it was confirmation that all the loose chips that could be shaken had been shaken off so it would be pointless to go back down there again.

please.... study price action, study every word master dozu had to say... the boyz theory is the most beautiful theory... there have been some other write ups around here about price action that was pretty good, basically you can't just look at the bars like Al Brooks.... that way the edge is quite slim and you maybe able to marginally make money but that's not the best way.

put price in the broader context, in the broader news campaign narratives these boyz push, that's how you make sense of everything and all will become crystal clear.

I know how you feel about the market, as most people do.... it feels like the market is this monster that is full of mystery and when you enter a trade you have this gut wrenching feel that you are never sure where it wants to go to make your trade a winner or a loser.... but once you get on the same page with the boyz, you will feel this unparalleled clarity that you have never experienced before.

this is why master dozu was so certain, when the market was the most volatile, he was the only voice telling folks this was a shake and scoop.... on that level it was 95% clarity, it's not 100% because master dozu does not have a seat at the boyz secret meeting.

master dozu made several $m with this beautiful theory and you can too...

because - once you understand the core of the theory and why the boyz make so much effort to shake the tree, in the short term they want year end bonus because with such violent shakes their VWAP compared to the market is so much better so their buy side client will be happy and these traders get yuge bonuses.... but the true reason is again the buying pressure is huge... with the yield spread SPY forward yielding 5x% while no other asset class is even close to that, SPY will have to get to 3% yield or something just to be fair which means the fair value is at least 50% higher from here.... then you look at the QQQ which is the growth engine of the economy with the AI revolution in the 2nd inning still, you are talking about 600 QQQ 1000 AAPL etc maybe $5000 AMZN whatever.... they boyz goal is MUCH MUCH HIGHER.

you can make it big, but don't tie yourself down to a particular time frame like you have to day trade or something.... some people say master dozu doesn't trade... they don't understand... master dozu is make a BIG TRADE.... traders have to adapt, to the market conditions.. with the current condition, the way that makes the most sense if accumulate the shit out of it and just ride it to where the boyz want to go!
More...

Appreciate the reply. Chill with the “master” dozu though geez. I bought the book “the nature of risk” from reading through some of your (dozus) posts and will read it soon.

murray t turtle · Apr 17, 2020

smallfil said:
Turtle trading is nothing more than trend following. Understand what you are doing. There is always a trend, no matter if you day trade, swing trade, trend following for the longer term.
Nothing has changed in the stockmarket. The only change is the market participants. Most retail traders blow up their accounts. Wall street sharks (hedge funds, mutual funds, banks, brokers) run the stockmarket. Know your place and you will be fine. Get in the sharks way, they will bite you into tiny pieces.
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%%
Good trend points.
Good thing I found ETFs much more profitable than buying options.But I valued profits/dividends above thrills.
Did not get ERX dividends/ but that is life+ I enjoyed trading it...………………………………………………………………………………………….

smallfil · Apr 17, 2020

murray t turtle said:
%%
Good trend points.
Good thing I found ETFs much more profitable than buying options.But I valued profits/dividends above thrills.
Did not get ERX dividends/ but that is life+ I enjoyed trading it...………………………………………………………………………………………….
More...

Options can be very profitable if you trade it properly. Closed my MRNA call today. Getting 204% for not even 1 month holding is a gift. Of course, not all options trades will give such rich rewards but, enough of them do to make it worth it.

taowave · Apr 17, 2020

Let's see your performance for the last 3 months..

richDude said:
thanks for the beer... forget another leg down.... if you study price action you'd not even ask the question about another leg down.... the past weeks it was shake and scoop then the robbers are now running away with the loot as master dozu predicted they run away fast so the empty handed dumbos can't nibble back slowly.... corrections don't happen this way, once the volume dried up down there around the end of March it was confirmation that all the loose chips that could be shaken had been shaken off so it would be pointless to go back down there again.

please.... study price action, study every word master dozu had to say... the boyz theory is the most beautiful theory... there have been some other write ups around here about price action that was pretty good, basically you can't just look at the bars like Al Brooks.... that way the edge is quite slim and you maybe able to marginally make money but that's not the best way.

put price in the broader context, in the broader news campaign narratives these boyz push, that's how you make sense of everything and all will become crystal clear.

I know how you feel about the market, as most people do.... it feels like the market is this monster that is full of mystery and when you enter a trade you have this gut wrenching feel that you are never sure where it wants to go to make your trade a winner or a loser.... but once you get on the same page with the boyz, you will feel this unparalleled clarity that you have never experienced before.

this is why master dozu was so certain, when the market was the most volatile, he was the only voice telling folks this was a shake and scoop.... on that level it was 95% clarity, it's not 100% because master dozu does not have a seat at the boyz secret meeting.

master dozu made several $m with this beautiful theory and you can too...

because - once you understand the core of the theory and why the boyz make so much effort to shake the tree, in the short term they want year end bonus because with such violent shakes their VWAP compared to the market is so much better so their buy side client will be happy and these traders get yuge bonuses.... but the true reason is again the buying pressure is huge... with the yield spread SPY forward yielding 5x% while no other asset class is even close to that, SPY will have to get to 3% yield or something just to be fair which means the fair value is at least 50% higher from here.... then you look at the QQQ which is the growth engine of the economy with the AI revolution in the 2nd inning still, you are talking about 600 QQQ 1000 AAPL etc maybe $5000 AMZN whatever.... they boyz goal is MUCH MUCH HIGHER.

you can make it big, but don't tie yourself down to a particular time frame like you have to day trade or something.... some people say master dozu doesn't trade... they don't understand... master dozu is make a BIG TRADE.... traders have to adapt, to the market conditions.. with the current condition, the way that makes the most sense if accumulate the shit out of it and just ride it to where the boyz want to go!
More...

zghorner · Apr 17, 2020

taowave said:
Let's see your performance for the last 3 months..
More...

murray t turtle · Apr 17, 2020

smallfil said:
Options can be very profitable if you trade it properly. Closed my MRNA call today. Getting 204% for not even 1 month holding is a gift. Of course, not all options trades will give such rich rewards but, enough of them do to make it worth it.
More...

%%
Sure can;
+ like Don Bright[ Don Bright Daytrading Co] noted ''options are made to be sold''

zghorner · Apr 17, 2020

richDude said:
losers focus on winners.
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Post up a screen shot of your account balance (feel free to blur your account #) as inspiration for us plebs. Seeing 7+ figures gets me so hard a cat couldn’t scratch it.

smallfil · Apr 17, 2020

murray t turtle said:
%%
Sure can;
+ like Don Bright[ Don Bright Daytrading Co] noted ''options are made to be sold''
More...

No thanks. I do not see how losing a few thousand to make a few hundred dollars makes any sense. All it takes is one big loss to wipe out any small profit you made. I would rather risk a few hundred dollars to make thousands. My gains are unlimited to the upside, limited to zero on the downside. Total risk on a worst case scenario is the cost of the premium.

murray t turtle · Apr 17, 2020

smallfil said:
No thanks. I do not see how losing a few thousand to make a few hundred dollars makes any sense. All it takes is one big loss to wipe out any small profit you made. I would rather risk a few hundred dollars to make thousands. My gains are unlimited to the upside, limited to zero on the downside. Total risk on a worst case scenario is the cost of the premium.
More...

%%
ME 2.
But I do buy insurance,+insurance companies are good @ risk management, in addition to having huge stocks/bonds/buys...……………………………………………………………………………...

taowave · Apr 17, 2020

Nice try,now post your 3 month performance...

richDude said:
losers focus on winners.
More...