Moving averages are one of the simplest technical indicators, and they are very useful for determining a stock's trend or to confirm a reversal. Moving averages are also the building blocks of more developed indicators like MACD.
This post will showcase how we can use moving averages to identify trends and likely areas of support and resistance. We can also use them to confirm when a trend has changed.
What are moving averages?
A moving average is a calcul...
2021-06-02 08:09:35 +0000 UTC
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Do you believe in technical analysis? I do. I don't take it quite as seriously as some people, but I recognize that I almost always trade better when I spend at least a few minutes evaluating the technicals.
Algorithms and trade desks use technical analysis, so at the very least, identifying where other traders might see a trend is enough to help you take advantage of the actions they are likely to take.
In this post, we will discuss the relative ...
2021-06-01 06:55:28 +0000 UTC
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A huddle for patrons only. Recorded the night of May 25.
2021-05-27 08:45:43 +0000 UTC
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This post concerns an article in the May 2021 edition of "Luckbox," the magazine published by the TastyTrade team. The title is "The Cost of Overconfidence." It's a good article that raises questions about how we receive information. Are experts reaching people with financial considerations, or are overzealous teens on TikTok shilling Safemoon reaching a bigger audience than actual educators? This post summarizes my point of view after reading it.
Overconfidence can be expen...
2021-05-10 03:59:55 +0000 UTC
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The Challenge We Face
One of the largest challenges that new (and sometimes even veteran) investors face is determining how to structure one's portfolio.
Once my work colleagues found out I was an investor, they started turning to me to advise them on how to build a portfolio. Invariably, they all want to jump on the hype train and buy high-risk stocks like AMC, PLTR, GME, and YOLO. That's fine; we all started off buying individual equities with the expectation ...
2021-04-28 19:02:48 +0000 UTC
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Top 3 most exciting IPOs:
- Patreon: bullish, will go long 100 shares. No IPO date or ticker yet.
- Robinhood: neutral, will not take position. No IPO date or ticker yet.
- Coinbase: very bullish, will go long 100 shares. IPO April 14, ticker COIN.
2021-04-09 21:59:16 +0000 UTC
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Your largest expense in life will likely be taxes. When we trade, we must pay capital gains tax on any position we close in the green. This post will discuss how to minimize taxation when wheeling multiple lots of 100 shares of the same stock. I will use my recent experience with LRCX to demonstrate why this is important.
As we begin, keep in mind the IRS tracks each share individually for purposes of taxation. Therefore, if you buy 100 shares of stock for $10 and later...
2021-03-31 09:00:12 +0000 UTC
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2021-03-25 18:38:54 +0000 UTC
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We all love the wheel, but are we getting the most out of it? This recording addresses some of the most common misconceptions that get in the way of huge gains.
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Transcript:
Hey guys, it’s Mikey Millions, and in this video we are going to relook the Wheel strategy, and talk about some of the points that could probably use some refinement.
About 18 months ago, I made a video on the wheel, and to this day it’s still the strat...
2021-03-18 00:40:22 +0000 UTC
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A second look at how to select a weed ETF for investing. Recommendations include MJ, YOLO, MSOS, and TOKE depending on your approach.
2021-03-16 01:33:59 +0000 UTC
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Early posting for the patreon family.
How to use the Poor Man's Covered Call Options Strategy (PMCC) | WallStreetBets https://youtu.be/Q8A0WXbXXgA
2021-03-10 18:36:38 +0000 UTC
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This will be a somewhat different post, but if it makes a difference to someone, then it was worth writing.
I've learned that a lot of my Patreon supporters are young, sometimes in high school and using their parent's credit cards to pay for access. If that's you, then congratulations on being interested in finance at a young age. Starting your finance journey now will make you so rich by your ...
2021-03-01 18:54:08 +0000 UTC
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Since I haven't been able to make the PMCC video yet, here is the audio ahead of time. I am still working on the PMCC video and it will be the next one released on YouTube. Eventually.
2021-02-26 17:17:01 +0000 UTC
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Why do I need to know about Alpha and Beta?
As you build out a portfolio over many years, you will likely find your goals changing. The young, hard-charging investor will be willing to take on large risks in pursuit of large returns. The retiree will want to avoid large losses, even if it means missing out on larger gains.
It is easy to say you are willing to "take higher risk" or "want to avoid risk," but we need some way of measuring risk. That measurement is ...
2021-02-20 07:02:44 +0000 UTC
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Whether you like it or not, Joe Biden is the 46th President and the Democratic Party controls the White House, HoR, and Senate (with tie-breaking vice president). As such, the Biden administration will have a significant impact on policies that will affect many different sectors. Since the Senate is split but favors democrats due to Kamala Harris' ability to break a tie, controversial legislation has a reasonable chance of passing.
Regardless of your political views, we must organize ou...
2021-01-23 09:42:17 +0000 UTC
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SPACs, or Special-Purpose Acquisition Companies, offer investors a phenomenal way to take a position in newly-public companies without having to wait in line behind large funds as in a traditional IPO. They can also be called "blank-check companies."
In a traditional Initial Public Offering (IPO), private companies decide to make their shares available to the public. Large funds and institutions get first licks. This usually drives up the share price before retail investors can take a p...
2021-01-16 14:55:49 +0000 UTC
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At the request of Legate DuckWheels, here is a list of my top ETF picks for 2021. ETFs are baskets of holdings designed to track a specific sector or index. These funds purchase shares, options, bonds, or even other ETFs. This allows the ETF investor to grab a diverse set of underlyings with one ticker.
ETFs are the simplest way to build a diverse portfolio, or a portfolio set up with a specific goal, from dividend income to explosive growth potential. No matter what your particul...
2020-12-25 17:47:34 +0000 UTC
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By special request from a young man who hooked me up with a Starbucks (SBUX) gift card, I am performing an analysis of a fun company called Turtle Beach Corporation (HEAR). HEAR was founded in the 1970s to create sound cards, but switched jackets in 2005 to enter the more lucrative and exciting gaming industry. Over the last 15 years, it has carved out a solid following and is growing its business. The company has a lot to look forward to, but being a small company in a crowded space is a dif...
2020-12-14 07:19:41 +0000 UTC
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The 11/19/2020 Patron-only Discord broadcast for using strangles to get additional premium in order to support your rolls. Covers OTM strangles and inverted strangles.
2020-11-20 03:24:49 +0000 UTC
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Legalized weed in North America has hit a number of snags. Weed companies in Canada suffer from price competition from black market sales ($5/gram vs. $10.50/gram) and poor distribution. As a result, the Green Rush darlings like TLRY, CRON, ACB, and APHA have suffered since the 2017-2018 boom.
Despite the setbacks in the industry, the 2020 US election offers fresh stimulus for the marijua...
2020-10-20 14:43:21 +0000 UTC
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The secret is out that I am in a training pipeline to become a financial planner. I am interested in determining how many people on Patreon would like to secure my services as a financial planner as part of their Patreon pledge. It would consist of financial planning and investment coaching.
My services would be available to anyone in the Trap-House Tiers, with an additional tier (Legate) available for people who want to upgrade from Henchman. I'd still be available to Henchmen in Hench...
2020-10-04 07:38:17 +0000 UTC
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Sell Pickaxes and Shovels During the Gold Rush
We all know the story of how companies that made out like kings during the gold rush were not those who wallowed in shallow rivers sifting for gold flakes. The companies that did well were those that serviced those folks with pickaxes, sifts shovels, jeans, and other goods necessary for hunting gold nuggets.
Today,...
2020-10-03 19:04:32 +0000 UTC
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It is about to be October, and that means we are getting closer to tax season. In the last two months of the year, it is time to start thinking about how we will handle our taxes. For some of you, this will be the first time you have capital gains tax to pay. It pays to know where you will be hit with taxes, and how hard the IRS's punches will land.
This post will describe the most commo...
2020-09-29 14:00:04 +0000 UTC
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Sometimes, our covered calls and cash-secured puts don't go according to plan. We have all sold covered calls, only to see the stock rise well beyond our strike. Likewise, we've all sold cash-secured puts, only to see the stock drop well below our breakeven.
This happens to everyone. Fortunately, we have the opportunity to salvage these trades by using a technique called "rolling" our options. Rolling helps the trader move the strike, expiration, or both in order to keep a tra...
2020-09-16 14:37:09 +0000 UTC
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The Hot Items
The 2020 election is the big catalyst remaining this year. Rightfully, people have reached out a number of times asking how to adjust their portfolios accordingly. This post will discuss what moves I am making, and what I am watching for.
The first thing I want to say is this: do not let your politics get in the way of your investments. We need to look at the election as investors, not as people, at least for our purposes here.
And since ...
2020-09-08 01:35:39 +0000 UTC
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Thank you for all the support from your Patreon contributions. Early access to the second season of the Robinhood $3K Challenge is yours.
2020-09-04 16:13:24 +0000 UTC
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A Response to MonkeyDew, Pope of SPY θ
In the late night hours of August 30, 2020, MonkeyDew, Pope of SPYθ live-streamed the strategy that brought his account back from the brink of ruin. Using primarily ITM call debit spreads on SPY, MonkeyDew brought his account up from $19 to about $12,000 in a month. Showing off his strategy and showcasing his favorite indicators, the stream lasted about 4 hours and ended 3 hours after midnight on August 31st.
Hi...
2020-09-01 11:46:54 +0000 UTC
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If you live in the United States and drive a car, then you need to download GetUpside on your phone. You'll regularly save about $0.12/gallon on gasoline and, if you live in the DC area, can get 5-10% back at grocery stores and restaurants too (this service will expand to other areas in the future). If you use a referral link, then you get a bonus $0.15/gallon back on your first fill up, and so does the person that referred you.
GetUpside is a service that aims to help businesses receiv...
2020-08-16 16:36:37 +0000 UTC
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The 5th Generation of Cellular Networks, or 5G, will undoubtedly have a tremendous impact on our lives. It will pave the way for new technologies that we are still awaiting, like Internet-of-Things devices that actually do something, or smart home devices that do more than play music on Amazon Prime or Pandora. In terms of capability, it will be a tremendous upgrade from 4G LTE.
4G boasts typical download speeds of 5-12Mbps, and peak download speeds of up to 50Mbps if you're willing to ...
2020-08-15 21:06:14 +0000 UTC
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Team, I am at work over the next few days and may not have time to make a complete post until the weekend regarding the TSLA and AAPL stock splits. Therefore, I am kicking out this quick post now to give you the alert on how I am playing these before the end of the trading week.
AAPL will do 1 1:4 stock split for all shareholders on record as of 24 August. The stock will split on that day, although you won't see the new shares in your portfolio until the payment date o...
2020-08-12 13:24:04 +0000 UTC
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