They made the news today:
https://www.coindesk.com/voyager-dig...ng-cyberattack

Looks like a pretty slick app and outright owning VYGVF might be a more lucrative proxy to crypto.

 

The options traders have had enough influence that I signed up for a paper trading account on thinkorswim. Tastyworks or Tradestation will be the likely destination for the actual account. It seems like Tradestation charges for data feeds, but I couldn't find that info on Tastyworks. Any traders care to chime in on fees for data feeds? Do you do the bulk of your research on the platform?

I've really enjoyed the TT education series. The Beginners course was a great review and I found the two series on Managing a Large/Small Account useful as well. I'm optimistic about successfully trading, but still not sure managing an options account is a better use of time than reviewing PPMs for passive CRE deals. Time will tell...

 

im doing the same thing! Trying to start trading in a self directed IRA. Question for the pros:

If simply holding stocks for long term (such as Motley Fool stock Advisor picks), do you still do covered calls on your long stocks, or cash secured puts if trying to get buy a dip in price? If so, 30-45 days out? When picking the strike do you try to maximize the premium (one strike OTM) or put the strike far enough OTM to make likelihood of excercising less likely, but still collecting a little premium?. Sorry if this makes no sense I’m still learning here...!

 

TradeStation Salutes - If you qualify for this, it's worth looking into. I can't speak for tastyworks platform/data fees.

 

Thanks. TradeStation just moved to the front of the pack

 

Yesterday I sold some puts that close this week, (in two days) and some that sell next Friday. I also have some longer term stuff (Feb 19). I do a lot of trading though. In 2020 I will wind up with somewhere near 1700 trades. I think I said in another post, but I TRY to make an average of $75/week for every $20,000 that I am leveraging, whether or not it is thru puts or calls. Some days you are the windshield, some days you are the bug. I am long and underwater in a position right now, but I will keep selling calls on it until it returns. If the pain goes on long enough, I will punt and move on. That's the art in all of this... Hope this helps.

 

I bought some on a whim when the najarians invested. It’s up about 500% in 2 weeks. Silly. I wish I could capture this lightening in a bottle.

 

there’s a guy I follow, John carter, he’s big time options dude. About $18 mil in profits this year so far. Anyways, he just left trade station due to uptime issues. They have a tendency to be “down” when things get a little bonkers. He moved his trading to Tastyworks, for what it’s worth.

 

Tastyworks is pretty simple, which is why I went with them. Lightening fast data, nearly 100% uptime and $1 to open $0 to close (+a few cents for regulator fees). No confusing data fees etc (interactive brokers does it this way too) l.

As for writing covered calls, I NEVER write calls against shares I want to hold long term, eventually they may get called away and I don’t want to trade a few hundred bucks in premium for 10000% gains in the long run.

The nice thing about tastyworks, is that when you select a strike, they give you a POP and P50, that is probability of profit (making at least one penny) and probability of making 50% profit. This strike is usually called a “30 delta”, but don’t let that confuse you; what you want to do is pick a strike that shows up with a 70% POP. This is the tastytrade way, small trades often aiming for 70% POP.

 

Long term stock CCL, Carnival Cruises? What you think? Got enough cash to last till 2022