Investing General Discussion

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Zzen

Zzen

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Blazin Blazin - I love you for MTTR, but how are you gonna go public, and not tell your FOH bros?!

BLZE is hot fire right now. Established a position under $27.

It’s looks like they undersold the IPO. Low float on this one, so it could get jumpy!
 
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Khane

Khane

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Blazin said:
ack I figured it was in an retirement shelter. Hmm you could buy protection, probably expensive on a high flier though. That's a tough spot to be in.
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Yea I'm one of those dummies who doesn't invest in risk in his retirement account.
 
Blazin

Blazin

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Khane said:
Yea I'm one of those dummies who doesn't invest in risk in his retirement account.
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You could sell covered calls for the next two months at the money (meaning at the current price). 30 contracts ($60 strike jan22) you would collect $25,500 in premium then take that premium and buy puts ($50 Strike Jan22). This would pretty much lock in your gains at near the current level. Profit at expiration from $50-$60 would vary some and be about fixed above $60 and below $50. Not exact numbers but to give you an idea of what can be done in your situation.
 
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Moglyzoke Moogleman

Moglyzoke Moogleman

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Closed that position. What a fucking terrible idea but at least I only gave back what I made shorting actual shit stocks.
 
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Moglyzoke Moogleman

Moglyzoke Moogleman

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It wasnt huge but if you check out the loss porn thread my shit is fucked (it's worse now FYI.)

So losing the 6% lost me the past 3 shorts I did all trying to accumulate a small cash balance.

Taking this morning off to try to find real plays and not stupid impulse plays.
 
Jysin

Jysin

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Didn't this dude just pump LCID a day or two ago? Minutes ago he posts this ^^. Wow. What a flip flop.

LCID was up nearly 10% premarket. Now trading -2% pre.

*edit* And for clarification, it's not that I disagree with his point re valuations. But the dude literally twittered up his profile with pics of a Lucid tour 1 day ago hyping the company. That's some shady crap for anyone who follows him.
 
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Hateyou

Hateyou

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Moglyzoke Moogleman said:
It wasnt huge but if you check out the loss porn thread my shit is fucked (it's worse now FYI.)

So losing the 6% lost me the past 3 shorts I did all trying to accumulate a small cash balance.

Taking this morning off to try to find real plays and not stupid impulse plays.
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I checked that thread and saw a six month old post from you. It shows you’re in a “safe” risk investment but you’re down 34%. You’re saying it’s even worse now. Just curious what is your goal? You don’t have a lot of $ and you’re burning through it with bad ideas. Why don’t you try to build some of that up first before doing the risky shit?

Put what you do have into some ETFs add to it for a while. Do paper trading until you figure out what you’re doing. Then when you go back to real trading, risk smaller amounts. Leave the ETF shit alone. Then if you still suck at it your losses are being offset by the ETFs that are just slowly gaining. If you just put your money in ETFs and did literally nothing else you’d be up 20-30% this year instead of down.
 
Moglyzoke Moogleman

Moglyzoke Moogleman

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Hateyou said:
I checked that thread and saw a six month old post from you. It shows you’re in a “safe” risk investment but you’re down 34%. You’re saying it’s even worse now. Just curious what is your goal? You don’t have a lot of $ and you’re burning through it with bad ideas. Why don’t you try to build some of that up first before doing the risky shit?

Put what you do have into some ETFs add to it for a while. Do paper trading until you figure out what you’re doing. Then when you go back to real trading, risk smaller amounts. Leave the ETF shit alone. Then if you still suck at it your losses are being offset by the ETFs that are just slowly gaining. If you just put your money in ETFs and did literally nothing else you’d be up 20-30% this year instead of down.
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I mentioned it to Sanrith in PMs but my overall goal is to build up enough to finish the upstairs of my house in give or take 5 years.

I have an issue where the moment I have cash balance I burn it on, as you said, bad ideas. This is one area to try to fix, my impulse buying stocks like Im someone going out for shop therapy.

Another area is to start building up blue chips. I love the risky shit but I am continuously risking way larger a portion of my portfolio than I should. I guess it boils down to FOMO.
 
Moglyzoke Moogleman

Moglyzoke Moogleman

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Another thought, Im a good example of why to never frontload too heavy.

My JMIA average is 56, and now it fell to fucking 15. I have no money to average down or buy up while it's in a load zone.

I love bags!
 
Big Phoenix

Big Phoenix

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Was looking at backbkaze at open. See it down 6% then in the next minute it's up 15%.

Fucking ipos man.
 
Hateyou

Hateyou

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Moglyzoke Moogleman said:
I mentioned it to Sanrith in PMs but my overall goal is to build up enough to finish the upstairs of my house in give or take 5 years.

I have an issue where the moment I have cash balance I burn it on, as you said, bad ideas. This is one area to try to fix, my impulse buying stocks like Im someone going out for shop therapy.

Another area is to start building up blue chips. I love the risky shit but I am continuously risking way larger a portion of my portfolio than I should. I guess it boils down to FOMO.
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Ok. I’m not an investing guru like several of the guys here but simple math will get you to your goal.

If you take your $20k and put it in ETFs that gain 10-20% per year, in five years you’ll have $32-50k.

If you can add just $100 a month to those positions from your paycheck. You’ll end up with $39-$59k. Obviously the more you can add per month the more that will snowball. $200 a month would end at $47-68k.

Figure out how much the renovation is going to cost and do the above math. Overshoot it if you can, because unexpected shit comes up during a renovation, prices of materials and labor go up, etc. It also sucks to liquidate and go down to low amounts or nothing when you’re seeing your gains snowballing.
 
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Big Phoenix

Big Phoenix

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1637163342984.png


 
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