Market Hours are 9:30am to 4:00pm EST. The purpose of our Chatroom is provide money making opportunities and quality information. We are asking everyone in the chatroom to have simple common sense on Relevance, Professionalism, and Courtesy for everyone inside wanting to learn.
ALL MY MESSAGES INSIDE THE CHATROOM WILL BE "CAPS"
1. Common Sense. If it does not belong in the Chatroom, then don't. Treat this as a career where we are surrounded by common interest and want to learn. OFF TOPIC chats will be restricted during Market Hours
2. Professionalism. We are dealing with our personal finances. It is very important for everyone to be alert and aware of what is going on in the chatroom and during Market Hours. No side conversations or profanity.
3. Courtesy. People will make money, people will lose money. Be Courteous and encourage others. We all want to be profitable and gain financial freedom. Help each other.
4. We are not financial advisors, please don't ask. Per SEC regulation, DO NOT ask me to look into your portfolio in chat or by email.
5. No questions only statements. If you don't know the reason of what we are doing, we will have after hour Q&As to help you. Chatroom during Market Hour is for that specific reason.
6. I WILL NOT BABY SIT ANYONE. Simple to understand. Please don't ask why can't I do this or that, or help me with this or that.
7. We welcome contributions of picks. Please use this format in providing those information: Symbol should be CAPs (XYZ and explanation of the reason behind the alert).
8. Any alerts I give out during Chatroom (D/T or S/T ZYX "call/put" "date" "expiration"). No quantities will be mentioned. If you did not go into that trade, please wait for the next one. Generally .02 above or below is ok to get into. Anything higher might not be good to trade, unless noted otherwise
9. If you don't believe in the stock, have logic behind it and not just because you hate it.
10. You will be banned from the chatroom for the following: Spamming, Harassment of other users, Use of Sexuality demeaning or racist language.
11. Please don't ask me "what are we going to buy". I am looking to what we should buy all the time. Ask yourself the question before you ask me.
ATTENTION! ABSOLUTELY NO STUPID QUESTIONS DURING MARKET HOURS.. GATHER YOUR THOUGHTS BEFORE YOU ASK THEM, AND WRITE THEM DOWN WHEN WE HAVE Q&A SESSIONS. YOU HAVE THE RIGHT TO MAKE MONEY, BUT NOT BE STUPID. THANK YOU.
PLEASE PAY ATTENTION TO THIS:
- During Alerts in Chatroom = Please say you got in every time you get into a position
- Private Twitter (long term) = Please reply to particular tweet alert so that I can keep track of who bought and who sold.
I am hoping with these confirmation to help each other as well as not leave any one out of the buying and selling.
Key Terms and Acronyms
B/O = Breakout
Buy to Open = Used to Open Long option position, be it a call or a put
Buy to Close = Used to close a short or naked option position, be it a call, put, or a covered call.
BP = Buying power. The maximum value of securities you can buy provided that the securities are eligible for margin. Buying power is typical four times your maintenance excess. Suretrader Equity BP is 6:1. For Options its 2:!
C/C = Candle over Candle
Curling up = Coming out of consolidation
Creeping = Coming out of consolidation
D/D = Due Diligence
D/T = Day Trade
EOD = End of Day
GTC = Good 'til Cancel. For U.S Securities, the orders are open during market hours through multiple days, and remain open until they are fully executed, or are cancelled.
HOD = High of Day
ITM = In the money
LOD = Low of Day
NHOD = New High of Day
NLOD = New Low of Day
OTM = Out of the money
Parabolic = Straight up, target in mind
R = Resistance
S = Support
Sell to Buy = Used to close a long option position, be it a call or a put
Sell to Close = Used to open a short or naked option position, be it a call, put, or a covered call
Short Squeeze = When shorts cover the stock goes higher
S/T = Swing Trade
For Glossary Click Here
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