If I had known Apple’s results before they came out.. I still would have bought puts. The only reason they went up yesterday is because the market is doomed if Apple crashes. Rigged market. Impossible to trade half the time.
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yeah it’s not because you’re bad at this, the market is rigged.
If you were insider trading you wouldn’t have to hold through earnings you would already have made your money and cashed out by then.
Yea… This market is going to break a lot of people. They always do. Even the best traders get stomped out trying to hard to play shit like this. On the bright side, when we get a great market just think of how fucking rich everyone that survived this will be.
>KingN0, I completely agree with you. The market is rigged and it is impossible to trade half the time.
everyone that’s a shit trader tends to say it’s rigged, successful traders don’t talk blabber
You ever heard of something called investing? Buy a good company at a good price then sit on your ass
Big money can push prices that small money can’t.
A part Of The reason why OI on option strikes matter
Im actually doing fine despite the current situation. There are a lot of opportunities right now.
Apple is probably the only company stock that is a flight to safety as well as a Fed pivot bet right now.
In fact, I might say they are the only tech company that isn’t risky for a couple of reasons. The first is that their products are more hardware than services. The hardware itself is a brand on the level of Coca Cola. In addition their supply chain has proven resilient even with everything that has gone on. This goes beyond simple sourcing, their M series of chips is a technologically disruptive feat that I still can’t believe they pulled off.
I want you to name one mega cap stock that is both a solid value play as well as a solid growth play. That’s literally just Apple.
Now of course, as the treasury yields go up I’m sure Apple will be seen as more of a growth play than a value play and prices will shift accordingly.
The “rigged market” claim is the dumbest shit on the planet and I see it every day I’m on here. It would fucking vaporize an inconceivable amount of money to artificially maintain an unfair price level on a company of that scale. They’d have to dump hundreds of billions into something that *they know is overpriced*. Who the fuck is doing this? Why? The MUCH simpler explanation is that you can’t handle taking an L.
Everyone and their mom was buying Apple puts Thursday. I’m part of the 10% of retail traders that are profitable. All I’m trying to say is it’s a tricky market to trade. I think everyone can agree on that.
You’re first mistake was that you took the job.
You are not wrong, the market is!
I sold puts before earnings, calls after.
The market is human.
If you realize it’s rigged then think of how and why.
That leaves you the other half of the time to kill it!
The game is only rigged out of the perspective of those with limited insight and ressources. The trader teams with millions in budget and highly developed algorithms and all the data access you can dream of surely don’t think it’s rigged.. for them. They rig it for you because you compete against them.
Both trading with the right person you have nothing to worry about