Zzen
Potato del Grande
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Investing General Discussion
- Thread starter Furious
- Start date
Khane
Got something right about marriage
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Yea I'm one of those dummies who doesn't invest in risk in his retirement account.
Blazin
Creative Title
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You could sell covered calls for the next two months at the money (meaning at the current price). 30 contracts ($60 strike jan22) you would collect $25,500 in premium then take that premium and buy puts ($50 Strike Jan22). This would pretty much lock in your gains at near the current level. Profit at expiration from $50-$60 would vary some and be about fixed above $60 and below $50. Not exact numbers but to give you an idea of what can be done in your situation.
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Moglyzoke Moogleman
Stock Pals VP of Shit Stocks
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Closed that position. What a fucking terrible idea but at least I only gave back what I made shorting actual shit stocks.
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Hateyou
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Moglyzoke Moogleman
Stock Pals VP of Shit Stocks
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Hateyou
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Moglyzoke Moogleman
Stock Pals VP of Shit Stocks
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It wasnt huge but if you check out the loss porn thread my shit is fucked (it's worse now FYI.)
So losing the 6% lost me the past 3 shorts I did all trying to accumulate a small cash balance.
Taking this morning off to try to find real plays and not stupid impulse plays.
So losing the 6% lost me the past 3 shorts I did all trying to accumulate a small cash balance.
Taking this morning off to try to find real plays and not stupid impulse plays.
Jysin
Ahn'Qiraj Raider
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Didn't this dude just pump LCID a day or two ago? Minutes ago he posts this ^^. Wow. What a flip flop.
LCID was up nearly 10% premarket. Now trading -2% pre.
*edit* And for clarification, it's not that I disagree with his point re valuations. But the dude literally twittered up his profile with pics of a Lucid tour 1 day ago hyping the company. That's some shady crap for anyone who follows him.
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Hateyou
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I checked that thread and saw a six month old post from you. It shows you’re in a “safe” risk investment but you’re down 34%. You’re saying it’s even worse now. Just curious what is your goal? You don’t have a lot of $ and you’re burning through it with bad ideas. Why don’t you try to build some of that up first before doing the risky shit?
Put what you do have into some ETFs add to it for a while. Do paper trading until you figure out what you’re doing. Then when you go back to real trading, risk smaller amounts. Leave the ETF shit alone. Then if you still suck at it your losses are being offset by the ETFs that are just slowly gaining. If you just put your money in ETFs and did literally nothing else you’d be up 20-30% this year instead of down.
Moglyzoke Moogleman
Stock Pals VP of Shit Stocks
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I mentioned it to Sanrith in PMs but my overall goal is to build up enough to finish the upstairs of my house in give or take 5 years.
I have an issue where the moment I have cash balance I burn it on, as you said, bad ideas. This is one area to try to fix, my impulse buying stocks like Im someone going out for shop therapy.
Another area is to start building up blue chips. I love the risky shit but I am continuously risking way larger a portion of my portfolio than I should. I guess it boils down to FOMO.
Big Phoenix
Pronouns: zie/zhem/zer
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Remember you can always make money tomorrow on another trade. What you missed out on today wasn't the last time to make money in the market.
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Moglyzoke Moogleman
Stock Pals VP of Shit Stocks
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Another thought, Im a good example of why to never frontload too heavy.
My JMIA average is 56, and now it fell to fucking 15. I have no money to average down or buy up while it's in a load zone.
I love bags!
My JMIA average is 56, and now it fell to fucking 15. I have no money to average down or buy up while it's in a load zone.
I love bags!
Big Phoenix
Pronouns: zie/zhem/zer
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Was looking at backbkaze at open. See it down 6% then in the next minute it's up 15%.
Fucking ipos man.
Fucking ipos man.
Hateyou
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Ok. I’m not an investing guru like several of the guys here but simple math will get you to your goal.
If you take your $20k and put it in ETFs that gain 10-20% per year, in five years you’ll have $32-50k.
If you can add just $100 a month to those positions from your paycheck. You’ll end up with $39-$59k. Obviously the more you can add per month the more that will snowball. $200 a month would end at $47-68k.
Figure out how much the renovation is going to cost and do the above math. Overshoot it if you can, because unexpected shit comes up during a renovation, prices of materials and labor go up, etc. It also sucks to liquidate and go down to low amounts or nothing when you’re seeing your gains snowballing.
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Big Phoenix
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Hateyou
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Indyocracy
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Zzen
Potato del Grande
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