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I was really shocked you bought into NFLX. Of all the names... NFLX. At least it wasn't PTON.
Investing General Discussion
- Thread starter Furious
- Start date
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I thought I saw him post a buy order on NFLX this morning. Maybe I misread it and it was just a chart.
Edit: I looked back, NFLX order filled at $360 around 1pm.
Fogel
Mr. Poopybutthole
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You were buying/selling options, right? One thing I've learned, when the VIX is high, you can't swing options, only scalp. Trying to swing options when the VIX is high will kill you with how fast the premium moves.
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Borzak
Bronze Baron of the Realm
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All my long term stuff is in in index ETF's. I swing trade from time to time in industries I deal with short term. I don't know but reading online sometimes (not here) a fair number of people seem to be speculators and not investors. Flavor of the day they heard from somewhere else and on top of that the thought of put money in and leave it long term is almost a new thought. Of course I still read of people a year from retirement and have never ever re allocated any risk at all. It was put in and set it and forget it.
Blazin
Creative Title
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Was already up $27/share by EOD on the trade you don't like making money? Some of that old Sanrith coming back, you're going to start grumbling about schiller PE next.
You didn't see (I bought for my long term divy portfolio) attached to that trade.
LachiusTZ
Rogue Deathwalker Box
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Not mostly.
I simply took a lot of money off the table so I wouldn't lose it learning over the next year.
But yeah, gamma, Delta, whatever the fuck it is that erodes value over time usually fucks me with options.
I'm ok losing thousands learning, but not tens of thousands. Lol
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I am just not a fan of NFLX. I think their first to market advantage has waned, they overspend on original content and the lack of a broad library of titles they own to be long term detriment. I could and very well may be wrong though.
I spent the first few weeks of Jan really analyzing and honing in on stocks I want to own long term. I feel I had strayed a bit from my original parameters of trying to own strong balance sheet, moat companies.
But hey, you have a solid batting average so you will most likely prove me wring with this one.
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Gravel
Mr. Poopybutthole
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Jesus, so you're trading your entire net worth?
Not just that, but your family's too?
Half the people I know don't understand that there's a difference between those terms.
Personally, I'm here for edutainment and am one of those super-boring guys who started putting money in index funds at age 16. Seems to be working out pretty well for my admittedly low risk tolerance and willingness to micromanage, so I'm happy.
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Kirun
Buzzfeed Editor
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I think the one to watch out for is HBO Max. If that gets better traction, WB has a SHITLOAD of property they can strip from Netflix and why wouldn't you at that point? Same for Paramount+, but their platform is dogshit.
I'm betting one of the "big boys" (WB, Paramount, Universal, etc.) eventually consumes Netflix - buys them out and incorporates their library/tech.
Blazin
Creative Title
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It's a trade, it's already a win. I'm not taking a position for or against yours in regards to LT investment. I would say I think it's a reasonable consideration below $400 for a LT hold , but obviously "reasonable consideration" is not a "screaming buy" either, but it is in the range of interesting.
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Trading? No. Investing? Yes. I have a BS in Quant Econ and an MBA in Finance. I do have some background. I don't day trade. I have posted my portfolio a number of times in terms of its holdings. My Mom's IRA generates enough dividends to cover her RMD which goes directly into her brokerage account. I beat the S&P in 2020 and finished a few points below it in 2021.Jesus, so you're trading your entire net worth?
Not just that, but your family's too?
I also keep more cash than I should in my bank accounts mainly because I grew up dirt poor and psychologically I need to see a certain level of cash in the bank. It's a character flaw.
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Edit. Bad numbers. Fixed:
Netflix's current market cap is 7x the combined market cap of those three.
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Things got real dark for awhile there today, but luckily I was working. But strangely, I ended the day flat, as in like down 20 dollars total. Hopefully things keep going....
Because I am scarily all in. NOT with options, memes and all that nonsense. I need FANG, semiconductors, etc. to take offffffffff
Oh, and I still have a far too large position in PLTR. My diamond hands have crystalized into the next level. I'm still a true believer in this one stock. Pray for me.
Because I am scarily all in. NOT with options, memes and all that nonsense. I need FANG, semiconductors, etc. to take offffffffff
Oh, and I still have a far too large position in PLTR. My diamond hands have crystalized into the next level. I'm still a true believer in this one stock. Pray for me.
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Gotcha. Yeah a flip trade in days like these is always a good strategy. I'm still adjusting to being out of dry powder. It is the suck.
Kirun
Buzzfeed Editor
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Yeah, it isn't happening tomorrow. Give it another 10 years?
The movie industry taking such a beating due to China Virus really makes shit fucky though.