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Blazin

Blazin

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TSLA up bigly for me today but I'm going to start sweating my $285 calls. Should be pretty heavy resistance 260-265.

I'm getting to be in a good head space with my long term stonks. I don't really care about the moves one way or the other and just focused on accumulation. I'm eager to see how it pans out over next couple years of reinvesting monthly call premiums in addition to divys on the ones that pay one. Should end up with 8-10% reinvest annually.
 
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Foler

The_Black_Log Foler

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Blazin said:
TSLA up bigly for me today but I'm going to start sweating my $285 calls. Should be pretty heavy resistance 260-265.

I'm getting to be in a good head space with my long term stonks. I don't really care about the moves one way or the other and just focused on accumulation. I'm eager to see how it pans out over next couple years of reinvesting monthly call premiums in addition to divys on the ones that pay one. Should end up with 8-10% reinvest annually.
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What’s a good price point to jump into TSLA for a 5+ year hold?
 
Blazin

Blazin

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Foler said:
What’s a good price point to jump into TSLA for a 5+ year hold?
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Certainly buying when you asked earlier in the year (~$140-160) and I was buying would have been better than now, for me this is an investment on my part to see if they accomplish what they are hoping to. I don't think it's a guarantee by any stretch but their is a chance and that is a chance that I want to be a part of. I'm not holding tesla because I think it could go to $1,000 I'm holding it for to go to $3-5k. I'm not sitting here thinking about next quarters results or next years and so on. Evaluations are meaningless, they are shooting big they are going to either make it or flop and I'm willing to lose 100% giving it a chance. I don't think you should if you want my assessment you are too easily swayed by short term noise and that means more likely to lose money due to emotional decision making. That's not a criticism, I don't want you to lose money and TSLA is a very difficult hold. I've been up 80%, I've been down 40% and I don't give a shit.

So if you want to own it for reasons 100% outside of me and your okay losing your money, and you better be when buying a company trading at 90 times earnings, then it is sure to give future opportunities. If this breaks out above 300 however it likely to never return outside of "Failure".

I think it's fine for people to own granny shots, but they need to be realistic about what that means and it should be only a part of a longer term more stable portfolio. So while I committed up to 5% of NW to it, I'll let it grow beyond that I won't be adding anymore to it other than my aforementioned reinvest strategy. and I have no other holdings in this risk level.

To me big bets aren't worth it at too small of a level because there is minimum pay out even if it works. Sure maybe you can make some $30k purchase with a big win but for me to take that kind of risk it needs to be more impactful otherwise be a tortoise and win by stacking bills consistently.

So just trying to explain how this particular trade is not like others, if I make less than a million on it then I will consider to be a failure but it was worth the shot and won't have any material impact on me if it goes to $0. If it works I will likely take that million profit and purchase passage to the Mars colony.
 
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Foler

The_Black_Log Foler

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Blazin said:
Certainly buying when you asked earlier in the year (~$140-160) and I was buying would have been better than now, for me this is an investment on my part to see if they accomplish what they are hoping to. I don't think it's a guarantee by any stretch but their is a chance and that is a chance that I want to be a part of. I'm not holding tesla because I think it could go to $1,000 I'm holding it for to go to $3-5k. I'm not sitting here thinking about next quarters results or next years and so on. Evaluations are meaningless, they are shooting big they are going to either make it or flop and I'm willing to lose 100% giving it a chance. I don't think you should if you want my assessment you are too easily swayed by short term noise and that means more likely to lose money due to emotional decision making. That's not a criticism, I don't want you to lose money and TSLA is a very difficult hold. I've been up 80%, I've been down 40% and I don't give a shit.

So if you want to own it for reasons 100% outside of me and your okay losing your money, and you better be when buying a company trading at 90 times earnings, then it is sure to give future opportunities. If this breaks out above 300 however it likely to never return outside of "Failure".

I think it's fine for people to own granny shots, but they need to be realistic about what that means and it should be only a part of a longer term more stable portfolio. So while I committed up to 5% of NW to it, I'll let it grow beyond that I won't be adding anymore to it other than my aforementioned reinvest strategy. and I have no other holdings in this risk level.

To me big bets aren't worth it at too small of a level because there is minimum pay out even if it works. Sure maybe you can make some $30k purchase with a big win but for me to take that kind of risk it needs to be more impactful otherwise be a tortoise and win by stacking bills consistently.

So just trying to explain how this particular trade is not like others, if I make less than a million on it then I will consider to be a failure but it was worth the shot and won't have any material impact on me if it goes to $0. If it works I will likely take that million profit and purchase passage to the Mars colony.
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Thanks for the insight. Yup I’m totally learning big bets aren’t worth it at the small level. I took a big bet on RKLB earlier this year at 300 shares 4.30 cost basis. It’s killing it but in the grand scheme of things being up ~2.2k on it is peanuts. Wish I had taken a larger position. I may take a larger position early next year.


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Daidraco

Daidraco

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Intel steadily ticking up because of the Ohio investment plans that were announced. ~3% gain so far, and it was already $23 not that long ago. Do any of you expect it to get much higher? Intel is such a shitshow lately.
 
Blazin

Blazin

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It's probably not worth the risk but it's right there staring at me "hey blazin I'm going to break out any day now and people are going to chase" It's only been a year waiting...

Heck just give me the headfake IWM can rally in a manner to make QQQ blush. Give me $240 and I can be done with the stupid thing.
 
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