Ride or die forever.So I've mentioned before I fucked up with PLTR and ended up buying near the ATH. I've managed to dollar cost down to $26.01. Should I just get out of it now and wait for it to inevitably fall back down towards $20-22?
Or just get out now and get out forever?
I am a PLTR bull. If you have gotten your basis down to the mid-20's I would hold. Just keep selling crazy out of the money covered calls when it hits the top of its trough (like now) and buy to close when it hits the bottom of the trough near $22. It basically prints money this way. I personally sell the $35 strike calls. If by some odd chance i get assigned, well I am not complaining with that profit.So I've mentioned before I fucked up with PLTR and ended up buying near the ATH. I've managed to dollar cost down to $26.01. Should I just get out of it now and wait for it to inevitably fall back down towards $20-22?
Or just get out now and get out forever?
and the Mouse still isnt paying a dividend. Wait until they crank that bitch back up.Nice little DIS pop. I had bought more last week at the 200D support. $175.21 cost basis.
Yeah, I've done pretty well at timing the last two tops (assuming today was a top, I was super close to the high today), and bought back in around $22 last time it was there. Sold about 2/3 of what I had today, probably should've sold it all.I am a PLTR bull. If you have gotten your basis down to the mid-20's I would hold. Just keep selling crazy out of the money covered calls when it hits the top of its trough (like now) and buy to close when it hits the bottom of the trough near $22. It basically prints money this way. I personally sell the $35 strike calls. If by some odd chance i get assigned, well I am not complaining with that profit.
Whats your goal with this play money? Just looking for short term swing trades? You could check out the bitcoin related stocks as they have pretty good swings and follow BTC so you can use that as an indicator. Check out MARA, RIOT, CLSK, BTBT.Yeah, I've done pretty well at timing the last two tops (assuming today was a top, I was super close to the high today), and bought back in around $22 last time it was there. Sold about 2/3 of what I had today, probably should've sold it all.
I'm tempted to put this play money into something else, but PLTR does seem to consistently have 3-5% days I could play with.
Sadly, to make back the 50% I lost on AMC and just get out of short term trades altogether.Whats your goal with this play money? Just looking for short term swing trades? You could check out the bitcoin related stocks as they have pretty good swings and follow BTC so you can use that as an indicator. Check out MARA, RIOT, CLSK, BTBT.
Every trade is different...revenge trading is a sure way to lose money. Trust me, I used to be the worst revenge trader out there.Sadly, to make back the 50% I lost on AMC and just get out of short term trades altogether.
Don't need the money, it's just the principle.
Unfortunately I took my 50% loss from AMC and bought PLTR close to a top. Been slowly getting back to even with it, but I've still got the 100% to go to get back to even overall.
I'm aggravated that I didn't buy this whole list after I posted it here. Some of these are up 15% this week. I bought maybe 1/3 of the list.
Congrats on MSGE...I'm thinking that might be one I buy more of next week. It probably got hit more because of people being worried about a shutdown in NYC, but that doesn't look like its going to happen.I jumped on wynn msge and ma
wynn 10%, msge almost 30 and just about even on ma. almost want to just get out of msge and be happy with the 30.
Revenge trading?Every trade is different...revenge trading is a sure way to lose money. Trust me, I used to be the worst revenge trader out there.
What you just said is the definition of revenge trading. When it's a "matter of principle" you are ascribing things to the stock that don't exist. Did AMC somehow wrong you, that you need to get money back on another stock, to restore your "honor?".Revenge trading?
I honestly don't care that much.
It's 0.09% of our net worth. Or really, 0.046% that I lost and want to recover.
Like I said, the money doesn't matter, just the principle. Our net worth fluctuates by about 10-20x the amount we lost every day.