Sanrith Descartes
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Investing General Discussion
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Blazin
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Borzak
Silver Baron of the Realm
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Last fall I was closing an account and for a short while I had $2 in that account. Put it into a penny stock for a short time. It made a whopping few pennies then closed the account. Today notice it's gone from $2 to $45 today. Sucks to be me.
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Jysin
Ahn'Qiraj Raider
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It is Friday going into the close. You gotta take those profits off the table much earlier this late in the day.
Rangoth
Blackwing Lair Raider
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I wouldn't count it. My best recommendation is to get off the meme train of trying to strike it rich. You have better odd of getting rich by trying to research some currently low value up and coming company and buying a shitload of 1 year calls, or even better, the actual stock.
Fogel
Mr. Poopybutthole
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It's just a small little lotto play, nothing too serious. Its a fraction of a %
Rangoth
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I know, I am just conservative with most of my investments. A loss of a few % here and there can add up fast. My target is 2% gain per week to give you an idea, which i think is super low and would put me on target to double my money each year. If i can get more of course i take it and obviously i dont always hit it, but i rarely chase the dream.
The few times i did chase things i either made money but by what i would argue is pure luck or i lost some. My #1 personal mistake with trading is impatience and “wanting to get in now” thinking that whatever new hot thing is golden and if i dont get in now i miss out on my 1 opportunity. My logic, patience, and experience has taught me this is not true. There is ALWAYS some new coin or some exploding stock on a monthly basis.
Now i have lost a lot on opporunity costs for sure. Probably not
Blazin
,
Sanrith Descartes
levels of money, but a lot to me. I just tell myself “im glad i got 1$ instead of -1$” even if missed out on 3$….and no, telling myself that doesnt help out on thesad panda feeling at all. Another question for the big players. I know many of you are options traders(first?) but i have an “on average” question for you all.
As part of my “missing out” statement above, do you find you do better trying to match a good premium above your purchase, maybe even letting yourself get called since money is money or putting a trailing stop $/% at the roughly equal premium?
I feel like in those situations where shit blows up the stop is better, but since i have zero ability to see that coming i am missing opportunity by not selling CC….yet on the flip side i sell a CC and while i didnt lose money, i get assigned when i could have sold for much more using the other method
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Fogel
Mr. Poopybutthole
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For options I like to get at least 1% premium a week, so look for a stock/strike that is close to that which is also close or well above that stocks support. That's for selling puts. For CC's I've had bad luck selling CC's on volatile stocks so if a "safe" strike has very little premium I don't even bother. Right now I have puts on Mara at 20/21 each with about 2% premium a week, and I wouldn't mind owning MARA at 20/21 either way so win/win
Sanrith Descartes
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I'll be honest.i use Fidelity options tool to backtest the options and look at the odds of assignment. Contrast that with the stock DMAs and either pull the trigger or pass and keep looking.I know, I am just conservative with most of my investments. A loss of a few % here and there can add up fast. My target is 2% gain per week to give you an idea, which i think is super low and would put me on target to double my money each year. If i can get more of course i take it and obviously i dont always hit it, but i rarely chase the dream.
The few times i did chase things i either made money but by what i would argue is pure luck or i lost some. My #1 personal mistake with trading is impatience and “wanting to get in now” thinking that whatever new hot thing is golden and if i dont get in now i miss out on my 1 opportunity. My logic, patience, and experience has taught me this is not true. There is ALWAYS some new coin or some exploding stock on a monthly basis.
Now i have lost a lot on opporunity costs for sure. Probably not
Another question for the big players. I know many of you are options traders(first?) but i have an “on average” question for you all.
As part of my “missing out” statement above, do you find you do better trying to match a good premium above your purchase, maybe even letting yourself get called since money is money or putting a trailing stop $/% at the roughly equal premium?
I feel like in those situations where shit blows up the stop is better, but since i have zero ability to see that coming i am missing opportunity by not selling CC….yet on the flip side i sell a CC and while i didnt lose money, i get assigned when i could have sold for much more using the other method
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Furry
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Gravel
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Rangoth
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What i want and what i get are different
and i am conservative(or consider myself so) in how i invest.I try not to jump on bandwagons and shit. Ill look for “name brand”(i understand this is slightly subjective) comapnies that near the 50ish day dma but have a good history of upward swings and no terrible recent news. Pick some up and set a price towards the upswing.
If im lucky I hit it, if not, im holding it for about 1 month on average waiting for that upswing, during which i switch to selling a call on it at my original target on the upswing.
It does decently but i didnt start all of this until maybe feb of last year when covid hit and i started working from home. Before that i just bought X shares and held till i die essentially.
So far its been decent, but i also dont touch tech much and so i feel like i miss out on those huge winners sometimes like nvidia…wish i knew more.
The stuff i work on is Tyson, NOV, JCI, Boeing, i have delta because im brand loyal(only fly them), fqvlf, etc. i often do make my 2% but in fairness its rare i hit that weekly, thats just my goal. I def. hit it per month and then some though. I mean….its not too hard 2% of 1k is 20$. Swinging name brands makes that pretty simple.
Thats also why i love reading about what the biggers guys post. Does my strat beat market YoY? Id be happy to post my returns end of year as proof of my failure or success. Im here to learn just like everyone else
Side note: i picked a single coin and started weekly swinging that as well. Only coins swing much more. I put 100$ into Steller and copied my above strat with it. Started maybe a month ago and im up to over 350$ Already. Each week this thing moves 10%+. GenerLly speaking coins seem to hit a high on m-w and a low on sat night. Dont get greedy, miss out on ulta highs and ulta lows and follow that trend. Its making me want to jump in coins more to be honest.
Sanrith Descartes
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Fuck that noise. In a few weeks your shares will be worth 4x as much as they are today when they split. Why aren't you backing up the truck and mortgaging your house to buy more? its like a 400% insta-gain.
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lol
On a serious note I think they will be like Tesla after the split and gain 400 dollars a share over 2 months. Why? Clown World is why.
On a serious note I think they will be like Tesla after the split and gain 400 dollars a share over 2 months. Why? Clown World is why.
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