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~ gang gang ~
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Well well well....lookie here. A forum not run by an egomanical collossal douchebag
So the reason I started this place is because I wanted a forum to riff about making money through advantage trading. We had a thread that was great for that on The Other Forum and it slipped under the radar for like 6 months and it was really, really great and educational and I was connecting with a bunch of people I had _no idea_ were heavy hitters on the market. No tribal politics, super supportive atmosphere, everyone involved in the discussion had significant positions in the market, no one gloated over other peoples losses, no egos. And then, sadly, the rest of the forum discovered our thread, the site admin renamed the thread like 'The Investment Thread Formerly Known As etcetc' and all of a sudden it was packed with mouth breathers who just wanted attention, who had absolutely no stake in their opinions.
And on the other side of the fence we had /r/wallstreetbets which is INCREDIBLE but its got a fucking million users and most of them are coin flipping 5 figures plus for lols so one tends to get drowned out when one just wants to quietly get rich and discuss it as it happens.
Hence; LOLSTOCKAMENTS was born.
Which brings us to your question. If you are here and you dont have positions in the market, then chances are you just want to use this place to fuck with Todd, or engage in the sort of tribal-sociopath internet mental illness that plagues his forum. And I dont want to tab over from my ThinkorSwim window to discuss a play and see that shit here. I want to tab over from my ThinkorSwim window and find discussions here that keep me in that money making zone. Because 100% of the shit standing between me and Fuck You Money is mental/emotional.
You should not be posting on this site if you dont want to make Fuck You Money.
Most of your posts / contributions should be about getting that Fuck You Money.
If you want to blow off steam in between pursuing Fuck You Money, cool. But again this isn't a replacement for Todds forum, its not an alternative. It's got nothing to do with that culture, that history, or that brand.
And the absolute last thing I want to do is alienate people with similar goals by having a bunch of hyper partisan, offensive, cryptic in-jokes fucking with the signal to noise ratio here.
Also note that the other forum is a poker forum, at its heart. In poker you're trying to fleece someone for their money. It's pretty fuckin personal. This shit, not so much.
When I scalp a stock, I'm basically just skimming a tiny fraction of profits off an investment fund worth billions of dollars. Like if I decide I want to short 500 shares of AMD for 20 cents each and earn a fast $100, chances are the people I'm making money off of when I exit that transaction arent even people. Chances are, I just plucked $100 from a server sitting in a cage in New Jersey thats managing a portfolio that includes a hundred thousand shares of AMD, and just as much stock in a hundred other companies as well.
But lets say you dont have $25,000 in capital to invest in 500 shares of AMD. Let's say you have $500'ish. So you buy options instead of stock. A call option on AMD is will run you $174 for 100 shares at the current strike price. So you buy 3, costing $522.
And because you've been studying here, and because you got in good, AMD gains 20 cents in value over the course of the next 15 minutes. You know how often AMD shifts 20 cents in value btw? Here:
That channel line represents a 20 cent shift in AMD's price.... yesterday. On 13 occasions, you could have entered into a trade and sold 20 cents later.
Every single time, you would have earned about 7% on your investment. Thats $36. Subtract fees, call it $30. And because you only have $500 in your account, you can only do this once a day, so you do it once a day, every day, for 1 week.
Your $500 is now worth $650. In a month, that $650 is worth $1428. In 90 days, you have flipped $500 into $11,649 and you did so in less than 15 minutes a day of actual trading.
Is your dick not stiff?
No?
Then you shouldnt be posting here. Off topic or otherwise.
But if you want to be sitting on your veranda in Mexico earning $700 a day over your morning coffee by fall, everything you need to do so is right the fuck here.
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