Investing General Discussion

Blazin said:

Not a recommendation, and likely too in the money to work but could always roll it out a month as another option if you wanted to keep holding.

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Found a sweet spot and rolled up from the $36 to the $37 and out to the 12/4 expiry. Kept my original 40 cents and banked another 25 cents on the roll. Worse case I make another $1 in share price if it keeps going up or look for another profitable roll in a couple of weeks.

Fogel said:

Looks like limited call options on GMHI, the 20 strike 12/18 at .45 looks tempting though. Wish there was something a bit higher though

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Closed up 20%. Crikey!

For the first time in I cant remember when I have zero equity positions in my portfolio that are red. Its this giant column of green.

Locnar said:

A little voice in my head keeps telling me not to be greedy with all the EV stocks that have run up. I really think I need to take out 50 percent of the positions next week at least.

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There is nothing wrong with taking profits. Or alternatively set trailing stop losses on all of them. Then you dont lose out on more gains.

I have always believed you learn more from your mistakes than from your successes. So I spent the morning analyzing my trading history for 2020. Come January I will only have a few weeks of additional data to add. I feel I have learned a ton of shit this year, some of it I learned here listening and speaking to board bros. The irony of my analysis is that the vast majority of my shitty trades can be attributed to basic rules that get preached all the time and that I broke. The other major factor was not seeing the depths to which our leaders would shutdown the economy. 90% of my bad trade lost $$ occurred in Feb and Mar. The bright side is that I learned and adapted.

In Feb/Mar I failed to cut my losses early and compounded this mistake by doubling down on my bad positions to "dollar cost average". DCA is great for passive investors dropping money each cycle into indexes over many years. It is horrible when you are in a bad trade and think you are going to "save a bad trade". My big three losers were:
XOM -27.65%
M -50.55%
BA Call options -75.06%
What made it worse was these were all large dollar trades that I kept buying as they kept sinking. The BA calls were early March and hindsight shows us that shit was doomed from the start.

From April on I only had 6 other loser trades and I was disciplined with these and my losses were cut early. One of them (CVS) came back strong after I sold so at least I had the trade right, I just didn't execute properly.
INTC -8.81%
CVS -6.32%
STX -6.41%
LCA -12.98%
BIIB -12.60%
FVVR -46.26% (This was a small dollar option play (so high percent but low dollar). I like FVRR as a company and I underestimated how much the stay-at-home movement would boost it).

I lost 1/10th the money on the bottom 6 compared to my losses on the top 3. I decided to share this to hopefully reinforce the things we talk about here and to maybe help people avoid the same mistakes. Golden rules of investing:
Leave you emotion at the door.
Let your winners run (with trailing stop loss orders to protect gains) and cut your losers short.
Don't dollar cost average a bad trade. Admit its a bad trade and walk away.
Pigs get fat. Hogs get slaughtered.

To end of a more upbeat note, We talked a lot about SPACS and the roulette wheel. I did very well on SPACS. Very well. I think the key to doing well on them was to analyze the underlying SPAC vehicle (who is organizing it and how much they are making on it) as well as the underlying company. With the exception of PSTH, I did not invest in a SPAC that did not already have a trade partner. This allowed me to evaluate the future company and pick companies I liked in spaces I wanted to invest in. NKLA was a special beast, I was pretty sure it was vaporware from day 1 and made sure I was out the door with a profit long before the bagholders realized they were holding the bag.

VTIQ/NKLA +143%
SHLL/HYLN +240%
FVAC/MP +34%
GMHI/LAZR +21%
NFIN/TRIT +14%
PSTH +15%

I can't wait for 2021

what should i do about my 401K?

this is pathetic

Locnar said:

What is everyone's opinions on margins? Does it make sense to utilize and draw them in times like these? I've been making money, but the 7ish percent interest is always there in the background.

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Pigs get fat. Hogs get margin calls at 2pm and go bankrupt.

GMHI up another 10% this morning on real volume. The press it has gotten with the Daimler and Intel deals has really opened up eyes to this stock for people who never heard of it.

Wingz said:

Looking at buying some of the following this week:

IDEX - EV stock, currently 1.54 per share. May get a couple hundred shares, they do deliver EV vehicles.

NNDM - Do stuff with Circuit boards and 3d printing. At around 4 bucks a share I may by a couple hundred shares to hold for awhile. May wait a bit to see if it drops more though. Company could be big.

Just recently fell so now may be a good time to get in and see what happens:

Why Nano Dimension Stock Plunged Today | The Motley Fool

The 3D-printing specialist prices a stock offering at a significant discount.

www.fool.com

UAVS - Using Drones for Agriculture information and drone delivery. - Had a record Q3. only 2.8 a share.

AgEagle Aerial Systems Reports Record Third Quarter 2020 Financial Results

WICHITA, Kan., Nov. 16, 2020 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry leading provider of unmanned aerial vehicles and advanced aerial imagery, data collection and analytics technologies, announced record financial results...

finance.yahoo.com

While these are penny stocks really, they could turn into something worthwhile since each one actually does something and has a product / service in use vs just hype.

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Take a look at the financials of these companies. Especially the 5 yr revenue numbers. They are going to wrong way. These aren't "growth" stocks. They are "shrink" stocks.

Locnar said:

What is everyone's opinions on margins? Does it make sense to utilize and draw them in times like these? I've been making money, but the 7ish percent interest is always there in the background.

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No