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09-25-2022, 11:06am | #1 | ||||||
Latin American Goat Roper
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Options......stocks
https://secure.jeffclarktrader.com/?...T252010&page=1
I have heard the term 'options' before, but know nothing, so watt do you all think??? |
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09-25-2022, 11:48am | #2 | ||||||
Banned
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Never trusted my money to anyone else. Bought land,gold,silver and lead. Lived below my means never borrowed any money. And retired comfortable in my 40s.
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09-25-2022, 11:55am | #3 | ||||||
Sparkles Flambeaux
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if making money was that easy, everyone would be doing it.
if you want to lose money faster than you can honestly earn it, then yes, trade options. calls, puts.....that's how Mr. Pelosi gambles Nancy's money, but he has a cushion. you don't. yes, you can make a bunch of money trading options, but you can also lose way more than you have put into the deal so far. your losses can be unlimited. and if he was really making $$$ trading options, do you think he'd tell you? hell no, he'd make his fortune and disappear. |
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09-25-2022, 12:37pm | #4 | ||||||
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Not watching that long ass video.
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09-25-2022, 12:59pm | #5 | ||||||
Sparkles Flambeaux
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09-25-2022, 1:13pm | #6 | ||||||
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Reminds me of the old joke:
Q: How do you make a small fortune day trading? A: Start with a large fortune. |
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09-25-2022, 1:18pm | #7 | ||||||
Sparkles Flambeaux
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09-25-2022, 2:33pm | #8 | |||||||
Barn Stall Owner #1120
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Oh look: 80% negative reviews on Jeffy boy.
https://www.trustpilot.com/review/jeffclarktrader.com I think the OP is about to get fleeced. Quote:
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09-25-2022, 2:41pm | #9 | ||||||
Sparkles Flambeaux
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a sure way to get poor quickly is to try to get rich quickly.
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09-25-2022, 9:08pm | #10 | ||||||
A Real Barner
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I've been trading options for cash since 1995 when I was 31 years old. I entered semi-retirement at 52, and full retirement at 57. Draw your own conclusions.
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09-25-2022, 9:41pm | #11 | ||||||
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I traded options for about a year a while back. Made and lost lots of money, it was miserable. And my tax return was about an inch thick. I worried for years that the IRS was going to show up at my door to bend me over. I'm not doing that again.
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09-25-2022, 9:50pm | #12 | ||||||
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Invest in series I bonds and call it a day. If you are younger than AAPL when it hits 131 again. 2nd quarter of 2023 won’t be pretty.
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09-25-2022, 10:33pm | #13 | ||||||
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If you have $270,000 to trade & you buy 1000 TSLA at $267= $267,000.
Then it goes up to $290. a few days later, you will have made $23,000. https://finance.yahoo.com/quote/TSLA....tsrc=fin-srch Click on 6 month chart You would have put into danger your $267k & looking at this chart, it would take awhile to recover your investment. |
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09-26-2022, 7:07am | #14 | ||||||
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I have been doing the market for 40 years. That was a big reason I could take early retirement from my construction trade. I retired 5 years early with a reduced pension, my portfolio more than made up for it. Now retired for over 20 years!
Note I did not do options my thing is good dividend paying reasonably safe stocks. (I like medical REITs). |
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09-26-2022, 7:24am | #15 | |||||||
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Quote:
Example: If you buy 500 shares of XOM for $100 per share, and later the price drops to $50 per share, people used to sell the shares today to take a loss of 500 shares x $50 loss per share is $25,000, then buy the shares back the next day at say $50. They would still have exactly what they had before, 500 shares of XOM, but your "new" shares would have a tax basis of $50 per share. The IRS said "no" to that, and calls that trade a "wash sale". They say you have exactly what you had before, so from a tax standpoint, you should have what you had before, so they disallow the loss, and recognize you as having a $100 per share basis in your "new" shares. If you sell at $50, and the next day the price jumps to $60, so you get excited and buy back in, this is still a wash sale, but now your basis will be $110 per share. |
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09-26-2022, 7:41am | #16 | ||||||
Sparkles Flambeaux
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Don’t put all your eggs in one basket.
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09-26-2022, 9:55am | #17 | ||||||
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For the benefit of those of us who aren't smart enough to trade options, can someone explain how a 3-second option trade can result in immediate, spendable cash being deposited into his brokerage account?
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09-26-2022, 10:22am | #18 | ||||||
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Options are not for the novice, you can lose your ENTIRE investment and the fluctuations are gut-wrenching....and there are a LOT of vatiables involved...strike date, covered options, expiration, etc..
Remember SLY (Safety, Liquidity and Yield), if you want to blow $1,500 or so on option play or two you can give it a try, but do it as a lark, not to build a nest egg... Finally, if some internet huckster is promising to make you a small fortune, make sure you start with a large fortune... |
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09-26-2022, 12:15pm | #19 | ||||||
Sparkles Flambeaux
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losers? no way!!
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09-26-2022, 1:27pm | #20 | |||||||
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Quote:
I used to work with a guy who lost $60,000 day trading. Last I heard he still hasn't had the balls to tell his wife. |
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