can you believe this s*%t?
$Fulgent Genetics (FLGT.US)$ Couldn't have been happier here. Who in the hell expects this to happen? Linked the reason why above in blue.
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Dark Matter8 : now its at 282.60M turnover
treydongui OP Dark Matter8 : whaaat? damn nice fine man thanks buddy. way to throw out that heads up. thanks man
treydongui OP : wow omfg. I need to dig in here
treydongui OP : okay lets try to form this idea into an actionable process. but that's only if I can confirm that this business model is going to be very lucrative. although it seems like it would be to me I have very little authority or education to say that with confidence at this point. I'm going to attempt to validate it through random members who show strength in different precesses. experiment.
@knowledgeispowerful I'm trying to understand options on a skilled level so I can invest so I wanted to ask you first of all if this looks like a decent company and if so will we be ahead of the curve if we created a position now? here's my thinking if this is a good looking company I know you don't like to buy options unless they're a little further out so what would you suggest? hypothetically if you find a company before they break out that's obviously a great place to look for options right? anytime they're not hyped will lead to a better buy-in. is my thought process flawed and thinking this way?
treydongui OP Dark Matter8 : if you don't mind I would appreciate your thoughts on the question below also if you're experienced in options if not your thoughts in whatever your strengths may be would be appreciated. or just your opinion since it seems like you were randomly following this with me also when it was an unknown really
knowledgeispowerful treydongui OP : me personally I don't trade biotechs but little that I do know about it it's not an investment that I would take not that it may not be a great company but there are better investments out there if you're going to get options don't take one less than 60 days out 45's okay nothing earlier you will watch your money to k rapidly on a downtrend if you do and most certainly I would go out of the money so probably one or two strike price above the actual stock price on a call option and don't use any more than 20% of your account options are meant for hedges you would get a long position in stock if you're buying a put option just in case it goes against you you make up your losses on the stock and the opposite for call options if you're buying a call option you would short the stock and that way it makes up your small losses in the market volatility now obviously you don't want to go to overboard but you can do it both ways with options as well buying two calls and one put is a similar outcome that put will make up your losses if you're wrong but since your bedding that is going to go up on the call side that's why you buy two there and this way if you're long wrong you still may take a small loss but nothing like you would if you didn't hedge everyone share stock will add one Delta point to your option and Delta if you're familiar with it that determines percentage of success as well as increase in monetary value and growth rate
knowledgeispowerful treydongui OP : if you're looking for a day trade or mini trade that's what options are good for as well think of it like scalping or you put a lot of money into a stock and you're looking for a small one two three percent movement and you cash out options are great for that method as well I do it with a bounce strategy anytime I see a stock break a main moving average and hit a load zone I know for sure if it's under an index like the s&p 500 they're going to be traded by algorithms for these hedge funds so only try this strategy with anything in one of the major indexes but when it hit the load zone that algorithms automatically going to kick in it's going to retrace that phone anywhere between 4:00 and 7% of what it felt and then shut off so if you're looking for quick plays that's the way I would utilize options is scalping on stock that break a main moving average and you would buy a large amount of contracts short-term say about 2 weeks out on expiration a little bit out of the money so you can get them for a fairly cheap and you would buy large amount and you're looking for a one to five percent movement that's it and you cash out micro trading minute trading do not swing it overnight
knowledgeispowerful treydongui OP : you probably won't find too many people as advanced as I am in options so if you have any questions feel free to reach out they're literally not much I don't know about them
knowledgeispowerful treydongui OP : and keep in mind don't always buy all your contracts at once I buy them at threes if I intend on buying 10 contracts or nine contracts I'll buy three see which direction the market goes that way if it turns down on me I'll buy three more and then if it turns down again I'll buy three more so on and so forth so that I can average down if needed and if I don't have to then I'll ride with my first and best
knowledgeispowerful treydongui OP : please take my advice on this one if you see something running and you're not already in that trade before it pops do not enter the market sentiment is and it's favor but not in yours exactly what happened it's most likely to happen on a regular basis you get in late you buy too high they sell off take profit you take the loss so if it's running and it's not already a position you hold that is not your trade find something before the pop and wait for it if you're buying solid companies but reasons to move you always get in before the run
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