I bought to close all 40 QQQ put contracts this morning. They expired next week but had already sucked 90% of the value out of them in a few days. Will only play something next week if I see another juicy setup. Moving my attention to June.
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Not denying she got lucky. But most people don't have their money in at the beginning. Most people invest an increasing amount over time, which is why chasing after people who get lucky can get you hurt. She happened to have a shitload of TSLA, and TSLA went donkey kong. Good for her. Lot of people saw those portfolios skyrocket. The ones that got rich were the ones that sold when the time was right, though.To be fair, she has crushed the SPY over the last 5 years. That isnt easy to do. If you exclude the last 12 months phenomenal run she had she still crushed the SPY over the previous 4 years.
SPY is the benchmark to shoot for. Everything else is gravy.Not denying she got lucky. But most people don't have their money in at the beginning. Most people invest an increasing amount over time, which is why chasing after people who get lucky can get you hurt. She happened to have a shitload of TSLA, and TSLA went donkey kong. Good for her. Lot of people saw those portfolios skyrocket. The ones that got rich were the ones that sold when the time was right, though.
I do my best not to chase money. My plan states if I get SPY average returns, I'll retire very early with more money than I need. SPY returns it is.
I remember someone posted a relative having a high stake of ark. RIP in peace. I really have an easy time ignoring market geniuses, especially in a bull market. Money has always been crazy, and reading about the tulip craze should mandatory for any investor who thinks they've figured out how to beat the market. When you get desperate for big wins in a market is when you get taken to the slaughter house.
Market manipulation in equities? Nah, thats a crypto thing...
Options expiry today:
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3 now, 12 in june.How many shares do I need to buy a God damn GPU.
I really hope they do come for every single person that does hide their income.The Rich Are Hiding a LOT of Income, Treasury Says
Wealthy taxpayers are likely hiding half or more of their non-wage income from the IRS, the U.S. Treasury Department said Thursday as part of a new report detailing the Biden administration’s plans to raise an additional $700 billion in revenues through stepped-up tax enforcement. The increased...finance.yahoo.com
They are coming for you next.
Funds have massive amounts of client funds available to manipulate stocks on a very short basis. If they have a large options position that may go worthless, they can use the money to move the stock to some degree.Max pain theory in action. I've always wondered, for an enormous market cap like AAPL, is it a cabal of sovereign funds, or is it like sharks where they informally coordinate together.
They're coming for wealthy taxpayers, but I mean they must be leaving wealthy non-tax payers alone if that's the case.The Rich Are Hiding a LOT of Income, Treasury Says
Wealthy taxpayers are likely hiding half or more of their non-wage income from the IRS, the U.S. Treasury Department said Thursday as part of a new report detailing the Biden administration’s plans to raise an additional $700 billion in revenues through stepped-up tax enforcement. The increased...finance.yahoo.com
They are coming for you next.
Hello, investing thread. I am a complete, total noob when it comes to investing. Can anyone recommend a good company to go through to open a Roth IRA? Are roboinvestors like Wealthfront a good idea for beginners or is this kind of thing fairly easy to figure out on one’s own?
Hello, investing thread. I am a complete, total noob when it comes to investing. Can anyone recommend a good company to go through to open a Roth IRA? Are roboinvestors like Wealthfront a good idea for beginners or is this kind of thing fairly easy to figure out on one’s own?
I’ll repeat the others to drive the point, use fidelityHello, investing thread. I am a complete, total noob when it comes to investing. Can anyone recommend a good company to go through to open a Roth IRA? Are roboinvestors like Wealthfront a good idea for beginners or is this kind of thing fairly easy to figure out on one’s own?