Investing General Discussion

Blazin

Blazin

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Sanrith Descartes said:
Ahh, so if you are using PSTH as collateral its value is being lowered due to thoughts of increased volatility.
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Yeah you'll notice buying power changes based on what you hold in the account, it's highest when holding cash. More volatile stuff less so, some positions are not marginable at all. (IPOs penny stocks OTC etc.)
 
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brekk

brekk

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Araysar said:
bruh im down $100 because i bought a lingerie fighting championship MMA company for lulz

you're doing fine.

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Stocks shouldn't be about profits. It should be about companies you believe in.

And I think we all can believe in women in thongs getting suplexxed.
 
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Fogel

Fogel

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Tmac said:
Most of that loss is from the brokerages who halted buying of GME and me not immediately getting out.
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Yeah, I wouldn't consider anything that happened with the meme stocks to be anything to gauge your performance by
 
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Sanrith Descartes

Sanrith Descartes

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Here is my advice. Spend sometime reading and learning (in our threads and others) and then formulate an investing plan. When you have it put together post it here and ask for feedback. Revise the plan as desired and then implement the plan.
 
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Jackie Treehorn

Jackie Treehorn

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Sanrith Descartes said:
It really is a lot like grinding rep. Not a lot of fun but the payoff is usually worth it.
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Exactly! You can get lucky on meme stocks sometimes but it’s not a strategy to keep over time. Slow and smart wins the long term race.

My big long-er play at the moment is CPUH units. I’ve got almost $40k into it and I’m not budging it. Might be some opportunity cost lost here but I think it’s going to net some tidy profits in the coming months and I want my shiny 1/4 warrants.
 
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Sanrith Descartes

Sanrith Descartes

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I like nice stable controlled descents...

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Furry

Furry

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Jackie Treehorn said:
Exactly! You can get lucky on meme stocks sometimes but it’s not a strategy to keep over time. Slow and smart wins the long term race.
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That’s why I have a rule where minimum 95% of my investments are in stuff I want to hold long term. Boring etfs like sandp and nasdaq trackers. Even if I win on a side pick I’ll adjust it back to 5% at most on not so long holds.
 
Gravel

Gravel

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It's not even much of a down day, 1%? No one sneezes at a 1% green day, why should the other direction elicit a reaction?
 
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Locnar

Locnar

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Loving this red, saving loads of covered calls for tomorrow.

(see? its all about perspective ::emoji_nose:
 
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Sanrith Descartes

Sanrith Descartes

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Im red entirely due to PLTR and PSTH. No complaints though. These horses have given me some nice rides. They can rest a bit today.
 
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Sanrith Descartes

Sanrith Descartes

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Locnar said:
Thanks for this example hmmm, I'm going to look into this. Almost seems a no brainer. Seems like the stock price and its premium is dropping a lot though, already to 1.77. What a red day, its not inconvievable that my OSTK will get under strike by tomorrows close, along with NVIDIA staying safe.

What exactly is the command to 'close' this NVIDIA covered call? trade it and select "sell to close"?
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On the dip those $605 calls could have been closed for about 60 cents. Did you jump on it?
 
Moglyzoke Moogleman

Moglyzoke Moogleman

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Moglyzoke Moogleman said:
I'm currently watching FSLY and have taken a decent position with it being down in pre market. Could be a nice long term win. I can share dossier for DD but it's super fucking long so ask in PMs. I could spoiler it but only if interest.
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Down 9% here but I am not the least bit worried I planned long and long will I go.

Only regret is putting a bit too many eggs in this basket and not JMIA but theres always another day.
 
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