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Anyone investing heavily this year??

How much money did you lose/gain this past week?

  • I have been looking at the payout on my wife's life insurance policy...do I still need her?

    Votes: 2 6.7%

  • I guess I will postpone paying off the mortgage for a few more years

    Votes: 19 63.3%

  • I knew this day would come and was shorting the hell outta the market

    Votes: 9 30.0%
  • Total voters
    30
  • Poll closed .
Supersav said:
No no no...this is what happens to meme stocks every time. Yes it was foul what they did but this was the end result either way...just sooner than I thought
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No, it got too popular. Wall Street bets fellas hold on to failing knives all the time but not everyone has diamond hands. It's twisted entertainment to hold hundreds of thousands of dollars just to lose it again. Reddit and youtube know about it. But now the game got fucked up and short sellers will want blood. The brokerages even blocked Popeyes stock because of an ad. I can't wait to up my game and bounce from bullshit brokerages. :angry:
 
Pworld297 said:
Yeah if you are investing your life savings then that's a huge mistake. The first rule of investing is invest money you are able to lose. What I have invested will not ruin me financially, I'm good if I lost it because it isn't my entire life savings.
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True. There are stories being published of people getting second mortgages on their homes and spending college tuition to invest in gamestop and amc. There are gonna be some suicides related to all of this.
tical said:
The IV crush is nasty!
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Yep. Get in. See your profit. Get out.
 
oolong tea said:
For the option seeker, do you rely on fundamentals or technicals to place an option? Both?
Click to expand...

Great question and one that i'm still trying to get better at reading. For me it's about "opportunity!"

Opportunity that's based on some penidng news/move that's likely to translate on some price action.

I really think news/moves override fundamentals and technicals for short term(less than 1 month) plays. Those are about in and out!

Now for something like $NIO then it weights a little more because you're probably taking long term(6 months+) type option based on those analysis.

Update: I think the hardest part of options trading is when to get out? Especially if you have plays that are expiring in 2 weeks or less? @Tito_Jackson seems to have a system in place where 10% profit and out. No matter what! It may sound small but i can't even begin to tell you how powerful that is in the long run.
 
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tical said:
Great question and one that i'm still trying to get better at reading. For me it's about "opportunity!"

Opportunity that's based on some penidng news/move that's likely to translate on some price action.

I really think news/moves override fundamentals and technicals for short term(less than 1 month) plays. Those are about in and out!

Now for something like $NIO then it weights a little more because you're probably taking long term(6 months+) type option based on those analysis.
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Thanks. We need separate stickies are trading & investing here. The Cops killing Black Folks thread is straight depressing.
 
tical said:
Great question and one that i'm still trying to get better at reading. For me it's about "opportunity!"

Opportunity that's based on some penidng news/move that's likely to translate on some price action.

I really think news/moves override fundamentals and technicals for short term(less than 1 month) plays. Those are about in and out!

Now for something like $NIO then it weights a little more because you're probably taking long term(6 months+) type option based on those analysis.

Update: I think the hardest part of options trading is when to get out? Especially if you have plays that are expiring in 2 weeks or less? @Tito_Jackson seems to have a system in place where 10% profit and out. No matter what! It may sound small but i can't even begin to tell you how powerful that is in the long run.
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That's the hardest part for me... greed and when to sell. I'm getting better tho and I refuse to sell at a loss if I have time left
 
Supersav said:
Who fell for the silver pump and dump
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I almost did. I had been accumulating a little cash just in case there's a correction this year. Was considering putting it in a Gold ETF until I needed it, but when the silver scheme presented itself I was thinking about putting it there instead.

But that cash is in my M1 Account and I knew that I wouldn't be able to get out as quick as I wanted to if I needed to. So I been sitting on the sidelines during this entire fiasco with my scared money :boring:
 
diamond4981 said:
Mark cuban helped I think in some of that with his ask me anything segment on reddit
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He was just on tv giving an interview clearing up what the anchors were misinterpreting (I'm sure it wasn't on purpose. Smh). Had them looking stupid.

I tell you what. This whole thing is giving folks a a quick lesson on how a lot of entities work when it comes to how the financial market behind the scenes works in conjunction with how it's reported to us. Not to mention all of the wealthy people who skin in the game that are pulling up on the information pushers and shitting on them on live tv.

What a show.
 
I still think this is a very risky pay, but I'm not an expert by any means. At the high, profits should have been taken, and reinvest for the cause at the low. Mark Cuban makes the point the RH pretty much fucked the game up for everyone, and that I do agree with. The stock would have still took a hit, but maybe not as bad if RH didn't pull the plug. More WSB retailers would have just brought the dip, and or added to their position.

 
Coldchi said:
FOMOs tryin to keep AMC and GME afloat,.....but those two ships are sinking rather fast.
the time to buy in and cash out have come and gone.
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I learned a valuable lesson. My average cost/share was low because I bought right after the announcement that they were not going bankrupt and then I increased my position. Initial purchase was on Monday and by Tuesday I was up 220% because of the Reddit hype and then I averaged up when it dipped to $8. I got caught up in the hype thinking it was going to increase even more instead of sticking with the plan. I should have walked away with profits in the thousands but I got greedy and now I have profits in the hundreds which is better than a lot of people. I hope this feeling that I have right now guides my future plays.
 
I'm down $1,200 on GME... but XLY covered it an then some, plus ARKK is running and surprise surprise BAC is up 21%.
I'll let the GME ride until next monday an cut bait with it. Debating between avg down on CLOV or waiting until I can catch a runner. I swung at MBRX but I was too late once again :hithead:
 
tical said:
I'm in on SNDL..Strangly my first time buying a "tical" stock! :roflmao:
My Wu-Bangers will get that reference..before your time @Coldchi
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nigga stopit......i aint one of these nigga that were 3 years old during 9/11.......lol.


anyway....i jumped in $SLS......gonna swing this one as well.
back in December this shit popped and went from $3 to $18 in a few hours.
the setup is lookin nice............im all in. lemme scream that shit again...........................SLS
 
oolong tea said:
For the option seeker, do you rely on fundamentals or technicals to place an option? Both?
Click to expand...
I'm just getting into options, but I can tell you what I've learned:

1) I look at the "Greeks" specifically "Delta." I wont even bother with an option unless it has a .70 (70%) delta.
2) I don't really worry about "Theta" (Time decay) because I buy options that are at least 60 days out.
3) Whatever I buy, I make sure that I know my "Break Even" point.
4) I look at Open Interest as well. I need a high Open Interest, because I want to make sure that whatever I buy is liquid.

I hope this helps...
 

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