I love my shiny new medal, LLR
- 91d 8h 9m
I'm not too worried, I was carrying it into next week since options don't expire until 6/18. Hopefully next week can carry it over 5
I wouldn't count it. My best recommendation is to get off the meme train of trying to strike it rich. You have better odd of getting rich by trying to research some currently low value up and coming company and buying a shitload of 1 year calls, or even better, the actual stock.
It's just a small little lotto play, nothing too serious. Its a fraction of a %
I'll be honest.i use Fidelity options tool to backtest the options and look at the odds of assignment. Contrast that with the stock DMAs and either pull the trigger or pass and keep looking.I know, I am just conservative with most of my investments. A loss of a few % here and there can add up fast. My target is 2% gain per week to give you an idea, which i think is super low and would put me on target to double my money each year. If i can get more of course i take it and obviously i dont always hit it, but i rarely chase the dream.
The few times i did chase things i either made money but by what i would argue is pure luck or i lost some. My #1 personal mistake with trading is impatience and “wanting to get in now” thinking that whatever new hot thing is golden and if i dont get in now i miss out on my 1 opportunity. My logic, patience, and experience has taught me this is not true. There is ALWAYS some new coin or some exploding stock on a monthly basis.
Now i have lost a lot on opporunity costs for sure. Probably not Blazin , Sanrith Descartes levels of money, but a lot to me. I just tell myself “im glad i got 1$ instead of -1$” even if missed out on 3$….and no, telling myself that doesnt help out on thesad panda feeling at all.
Another question for the big players. I know many of you are options traders(first?) but i have an “on average” question for you all.
As part of my “missing out” statement above, do you find you do better trying to match a good premium above your purchase, maybe even letting yourself get called since money is money or putting a trailing stop $/% at the roughly equal premium?
I feel like in those situations where shit blows up the stop is better, but since i have zero ability to see that coming i am missing opportunity by not selling CC….yet on the flip side i sell a CC and while i didnt lose money, i get assigned when i could have sold for much more using the other method
You want a 2% gain per week so you can double your money every single year and you think you're a conservative investor?!????
Fuck that noise. In a few weeks your shares will be worth 4x as much as they are today when they split. Why aren't you backing up the truck and mortgaging your house to buy more? its like a 400% insta-gain.I knew I should have bought more nvidia. Any company that can sell 800 dollar video cards for 1200-1700 is a good company.