Marathon Patent Group Inc. is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets.
Oh hush….many have done more with less lol.
You need to stop being a leader or trendsetter and start being a follower.
3 great examples this week: ARM, NVDA, SMCI. All 3 had at least 1 bloody day (arm had 2-3!).
When the sell off happens, stop taking a look at what the option was the day before. Yeah a 50,000% gain is SEXY AF, but you know what else is? Hopping in when it’s got this vortex of doom in the middle or first third, riding it down, setting a stop loss and seeing what happens.
On the flip side, look at MARA today or AXP. They jumped, kept moving up, don’t immediately think it’s gonna reverse and let it ride a little bit.
Plenty of ways to make 20-100% in literally an hour.
I missed out on this 3 times today. Wasn’t touching ARM but planned entry around 9:45
1) tried HOOD 17c 4/19, it was $0.09 and volume wasn’t large enough for me so I waffled and….like 30 minutes later it was $0.25+. Easy double+
2) pissed I didn’t get those HOODy calls, I moved to QQQ. This was a lucky play because I grabbed $442c 4/19 and sold almost at the peak. 7 minutes later 23% gain.
3) saw SMCI and had a bid or two on puts between 830-850 but spread was big. Fuck I wish they filled so that’s a miss
4) SPY reversals are almost guaranteed between 12:40 and 1:15 start. I missed the 12:40 and was miffed it fell that much in the AM but targeted $498c 4/19. Told myself I got lucky on #2 don’t press it and boom within 45 minutes this was up like 150%.
Am I bummed I missed out on 1 3 and 4? Yeah you bet my account would’ve been bussing today!
But I got #2, yeah I made money on QQQ calls today of all days. So I count it as a W.
Moral of the story is this market is fucked up. And since you’re playing options time in the market is just as important as timing the market. I don’t think it’s wise to hold contracts for very long due to volatility, could help you but also could totally F you sideways.
To give yourself some confidence, look to play options in the coming week with one of 2 approaches: contacts expiring no sooner than 5/3 or contract entry exit occurring within the same day. The benefit of the “longer” options is you can fuck up and not lose it all. Target close to ATM and get your 20% gains, get some momentum, get some confidence, but also know when you aren’t feeling confident and TAKE A BREAK. I hit my PDT limit and just bought some boring stuff, actual stocks, just so I wouldn’t end up holding contracts over the weekend cuz Lordy only knows what’ll happen the next few days.
Best of luck bruv
Is anyone with a fully formed frontal lobe (over the age of 25) willing to give me a better bear case for MARA than "halving cut income in half"? everyone keeps redditsplaining it to me with incomplete and reductive analyses with the certainty that only a spring chicken can exude. not looking good for 18-24yo finance experts on reddit imo.