SPY Word Sense - Wallsti

"BUYING" - highly voted

I've pretty much just been buying SPY calls 2023-12-27T21:53:02+00:00 3308 wallstreetbets

Mostly buying SPY calls, 80% calls and 20% puts.
I enter and exit daily, usually within 1 hour of entering the position.
I just stair at the chart for 30 minutes and when I think it's gonna go up, I buy.
A 20 cent jump on SPY and I am out.
Feel free to ask any questions.

If the market went down 20% what stock would be your choice to pickup on a discount? 2024-08-26T17:08:51+00:00 285 stocks

That said, the 20% discount on SPY would be a great buying opportunity

What's a realistic daily goal for someone with $150,000 capital to trade? 2024-11-05T18:23:29+00:00 219 Daytrading

If you went with futures instead of stocks then the leverage would allow you to take the full 1% of account value risk per trade and and bump it up to $3,000 per winner with a 1:2 risk to reward.
Well $150,000 in cash gives you $600,000 in day trade buying power with margin (equities not forex).
I equalize the $ amount risk on each of my trade by adjusting the share size based off of the distance from my entry to my stop.
So with $600k buying power lets go through an example.
If you want to go with the normal advice of "risk 1% account value on each trade" then:

"BUYING" - recently

SPY should rally 10 points or so over the next three days 2024-12-22T00:10:58+00:00 5 wallstreetbets

This'll be my first time buying SPY calls.

SPY should rally 10 points or so over the next three days 2024-12-21T21:47:14+00:00 30 wallstreetbets

Santa rally inbound but not because of your shutdown theory fam.
[Market historically pumps 1.4% during Santa season](https://finance.yahoo.com/news/santa-claus-rally-set-2024-132900270.html) and retail just keeps buying the dip like crazy.
[ETF inflows hit $1.6T this year](https://finance.yahoo.com/news/etf-market-sets-records-2024-221352541.html) - that's some serious printer action.
Your shutdown charts look pretty but correlation causation my guy.
Market's moving on Fed pivot hopes and Magnificent 7 tech gains rn.

Daily Discussion Thread for December 20, 2024 2024-12-20T15:47:59+00:00 2 wallstreetbets

Fuck I thought about buying SPY 584C calls when price was 582, they were cheap too, I didn't expect that it would suddenly shoot up to 588?

"EARNINGS" - highly voted

Please don't put a pin in that balloon 2024-05-23T22:01:22+00:00 293 wallstreetbets

Curious how much the indices would be down if NVIDIA tanked after its earnings instead of the huge beat.

Well...Damn, Tesla. 2024-04-25T02:27:22+00:00 196 wallstreetbets

Never underestimate the lengths Daddy Elon will go to save his share price.
Buying SPY 0TDE Calls/Puts Blindfolded is a better strategy than trying to predict the movement of TSLA.
I learned three things from the Tesla Earnings Fiasco:

What Are Your Moves Tomorrow, January 30, 2024 2024-01-29T22:11:09+00:00 68 wallstreetbets

Strong tech earnings combined with a dovish Fed should spur a rally this week and on.

"EARNINGS" - recently

Daily Discussion Thread for December 19, 2024 2024-12-19T12:04:44+00:00 11 wallstreetbets

| Rank | Date | SPY Close | Day-Over-Day Change | Next Day Close | Next Day Change | Context | |------|------------------|-----------|---------------------|----------------|-----------------|--------------------------------------------------------------------------| | 1 | December 18, 2024 | 386.16 | -3.02% | 389.00 | +0.75% | Market reaction to Federal Reserve's final meeting of the year.
| | 3 | July 24, 2024 | 395.48 | -3.1% | 393.00 | -0.63% | Disappointing earnings from tech giants Alphabet and Tesla.
| | 8 | December 4, 2018 | 272.85 | -3.2% | 269.61 | -1.3% | U.S.-China trade war concerns, Fed policy.
| | 9 | November 9, 2016 | 206.37 | -3.6% | 203.03 | -1.2% | Post-election market reaction (Trump win).
| | 10 | September 13, 2022| 389.00 | -4.3% | 391.00 | +0.51% | Market reaction to economic concerns.

What's an edge? 2024-12-16T05:25:06+00:00 4 Trading

I make tons of money when you have an intraday move of more than .6%.
The vast majority of my trades happen when positioning and a news event intersect.
Then we got that big earnings report in an adjacent semiconductor name and because I follow the sector and can interpret the news fairly well and also knew from my TA that TSM was oversold I knew there would be a really good chance TSM would have a big move that day.
I don't want to be one of those people who sit in front of the screen all day and scalp nickels and dimes off SPY.
I want a nice, big juicy setup where I can get so far ITM on my opening position I can add 0 DTEs

Weekend Discussion Thread for the Weekend of December 13, 2024 2024-12-14T23:34:02+00:00 4 wallstreetbets

**TL;DR** - No one can predict micro movements in the market consistently.
But being a bear 1 year out is not rational or supported by evidence.
Absent a genuine non-credit black swan, SPY hits 650 next year.
* Analysts estimate **4Q adj reported earnings to be https://i.imgur.com/SxsBdg5.png 11.8% vs. 5.8% in 3Q.
* Bank lending continues to hit ATHs https://www.federalreserve.gov/releases/h8/20241213/, credit is flowing and spreads remain extremely tight https://fred.stlouisfed.org/graph/fredgraph.png?g=1Cdr6

"PEOPLE" - highly voted

The Perfect $1 million Gain 2024-05-15T16:13:22+00:00 2848 wallstreetbets

You are now securely in the top 0.0001% of people your age.
Listen your frontal lobe is not developed yet but for the love of God withdrawal all one million and put it into the SPY on a different brokerage.
Or a high yield savings account.

I found the catalyst for the 2024 crash 2024-01-28T19:03:41+00:00 307 StockMarket

That's how the Covid crash started .
It started slow and the selling gained steam and a lot of people were wiped out .
Everyone, in their analysis, are forgetting a small group of people - The DIP BUYERS.
Now that there are free trades ..... people will buy the dip as long as they keep selling - why ?
The Covid and interest rate crash provided opportunities for lots of newbies in the market

I've been on this sub for 4 years, I took my first Yolo and completely regret it the first day. Thx apple 2024-05-03T22:03:17+00:00 264 wallstreetbets

Through 9% tech bubbles, 5% war on terror era, 0% GFC crash and recession, 0% rebound era, ~4% normalization + trade wars under Trump era, 0% again covid pandemic lockdown era, 0% high inflation reopening area, +5% rate hiking era, etcetcetc.
Decides to short the SPY which is even less likely to lose than the Mag7.
Blames AAPL's success for their own regardation.
In every economic cycle, regardless of party, in any Fed rate policy, and in any geopolitical scenario.
Some people deserve to lose.

"PEOPLE" - recently

700% gain today 584 0DTE $SPY 2024-12-21T05:23:47+00:00 5 wallstreetbets

I don't automate this strategy just because I have a gambling fix that needs to be fed once in a while haha.
Sometimes I'll enter a setup that isn't ideal but for the most part if you follow your rules every time and proper risk management (cutting your losers and letting your winners run), you'll be profitable.
The ideas you really need to understand are: -Liquidity sweep -Breaker block/Order block -Fair value gap/Inverse fair value gap -Break of structure -Candles and their shapes
I would search for videos that explains each idea on its own because it's a lot to take in.
So many people wake up and slam SPY calls because JPow blinked twice

"Hey Wife, look what I did today at work!" -JPOW 2024-12-19T22:18:34+00:00 4 wallstreetbets

no wonder the dude is stressed af.
so congress people can fuck the country in the ass, escape all blame/accountability, invest in stocks that they know their policies will effect either negatively or badly, and avoid all responsibility?
and the fed chair cant touch a single type of stock trade except buying SPY, only gets paid $250k a year, and receives ALL blame when the stock market crashes and the economy isn't doing well?

Potential Recession? 2024-12-18T11:05:26+00:00 21 stocks

"We might be heading into a potential recession, based on how volitale the stock market is right now."
10% corrections used to be viewed as normal and healthy but now "line stopped going up" and people act like a stock is broken.
I think there are some broader economic concerns and concerns with aspects of the market, but we're not going to get a recession because of the market having a slightly off week or so.

"THINK" - highly voted

I've pretty much just been buying SPY calls 2023-12-27T21:53:02+00:00 3308 wallstreetbets

Mostly buying SPY calls, 80% calls and 20% puts.
I enter and exit daily, usually within 1 hour of entering the position.
I just stair at the chart for 30 minutes and when I think it's gonna go up, I buy.
A 20 cent jump on SPY and I am out.
Feel free to ask any questions.

30k->140k in 10 minutes 2024-02-16T21:17:13+00:00 346 wallstreetbets

I think this one takes the cake - 3,700 options, holy hell.
Based on the charts it looks like he sold naked puts (as SPY went down, his value dropped with it) ($185,000,000).
Then with SPY pop it looks like he closed out the naked put.

Spy about to go down?? 2024-09-15T19:52:22+00:00 188 Daytrading

One of the major differences between successful and unsuccessful traders is how they view something like this:
Unsuccessful traders will think "these indicators are telling me SPY is about to go down"
The successful trader knows that they have zero control over any individual trade and rely on a proven strategy with edge that works over time.

"THINK" - recently

What Are Your Moves Tomorrow, December 23, 2024 2024-12-22T22:04:12+00:00 6 wallstreetbets

I'm going to transfer $50,000 from my 2024 income into my Fidelity Accounts and into SPAXX.
Since I usually just inject $10,000 - $20,000 into my portfolio in one shot and then leave my investments alone for a while before doing it again, I'm going to DCA this next year.
I think I'm going to leave my 1000 shares in NVDA alone for a minute and use funds to build my other positions.
I will inject income from 2025 at random points as I normally do, but this will create a steady, consistent investment schedule with money already earned and ready for action now.
With the remaining $20,000 now in SPAXX, I will create automatic purchase of PLTR, RKLB, OKLO, and SPY at $385 / week.

Is selling $VOO to buy $SPY a wash? 2024-12-19T23:11:28+00:00 2 investing

Or common stock classes with different voting rights who are not correlated.
Actually I misspoke, I actually think SPY, VFIAX, and VOO are all substantially identical.
But SPY would be less substantially similar than the two Vanguard funds.

Sometimes being a pays off 2024-12-19T04:21:28+00:00 2 Daytrading

i was fortunate to hit correct, but trust me i know how it feels to miss on powell
if so, i totally feel ya' on the powell moment decision to buy calls or not.
no worries and bruh i know it.. i started big $$$ retirement accounts in 2019. i have outperformed SnP by about 2.5 X. but at points before i got the math right, at times id be overweight there, under here, then buy/sell a little when should've been more.
and 2022, holy crap that was obviously stressful, but that year i learned everything about money/risk management, and since Oct of 2022 bottom, my system has outperformed even more...
when you said loss of 30 got 20 port, and then calls on powell i just thought to myself "wow, i think this person is playing SnP hard like me" (SnP is your main play/holding and you swing trade it as well yes??!!))

"TRADING" - highly voted

Lost job, money, and hope at 24. Need advice and comeback stories. Anyone made a big comeback after hitting rock bottom? 2024-02-18T17:54:53+00:00 3155 wallstreetbets

That means don't hang out on WSB but actually read books and study on YouTube.
If you're not willing to put in that time then just dollar cost average into SPY until you're 60.
Went broke in 2018 and clawed my way back to 7 figures over 5 year period.
Stop trading completely for now and focus on getting another job and saving money.
Once you get a job you start spending your spare time actually learning how to trade and manage risk.

62k in losses over 3 years 2024-12-15T00:51:31+00:00 220 wallstreetbets

I have tried using unusual options flow since the beginning of this year and while I had some success, the market took back all of it.
Had I invested in SPY these past 3 years, I would be up 30%.
But most importantly, I lost three years that I could've used for investing in other stuff.
It's official, I started trading options back in February 2021.
I have lost the equivalent of a one year's salary.

Am I going to have to start secretly moving assets into my wife's name and looking for bankruptcy lawyers? 2024-04-26T15:47:37+00:00 214 wallstreetbets

Starting an iron condor, a strategy optimized for low volatility, while SPY is trading like a meme stock was the first and most obvious hint that OP might be a jack ass.

"TRADING" - recently

What Are Your Moves Tomorrow, December 20, 2024 2024-12-20T06:59:53+00:00 3 wallstreetbets

Is that why S&P futes are only down 0.15% right now and SPY on 24 hour trading is down 0.40%?

WTF does this mean for my taxes? How can I have a disallowed loss bigger than my net loss on the year 2024-12-20T01:06:05+00:00 19 wallstreetbets

calm down smooth brain mcgee
BUT if you have any open positions with wash sale adjusted cost basis, you need to make sure they're closed *and settled* before end of 2024 then do not reopen the same position for until 30 days have passed
wash sales only really matter towards the end of the year, where if you're not careful you can pull a loss into the new year and turn a net loss into a net gain because your loss got washed into 2025. if you close a wash sale adjusted position in the same calendar year, then its not big deal.
on the first trading day of 2025, i buy $20k of spy 1/17 600c again.
all because i didnt wait 30 days before reopening an L.

Need strategy or thought exercises 2024-12-19T22:06:00+00:00 3 Daytrading

If you were break even on trading, missing out on as many gains as avoiding losses, you'd do as well as SPY does.
Your big "winning" days are when SPY lost money, but you broke even.
Making money on a bullish day is basically breaking even, trading wise.
Anyway, this is how I control fomo (when in doubt im on the market), fear of loss (losing money on bearish days is part of the strategy), and feeling the need to always do something (the trade is making money so long as a DONT do anything).
I trade small enough that I can lose in a bearish year and not panic TOO much (risk management is key).