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Are y'all generally holding on to your SPACs until merges are actually confirmed or just selling on rumors (or both I guess?)
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Jan 22, 2021 21:55
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Ulio posted:It depends really on how much cash you can just leave on the side and margin you can get on your account. As someone who use to sell a lot of options pre crash, naked and secured. Imo the best strat I found was. Sell it for stocks you obviously don't mind buying if there is a market sell off and in general have been very strong regardless on market conditions. There is lots of really safe dividend/utility stocks but there is no premium in selling those unless you have a lot of cash and can sell lots of contracts + you have to basically go for extremely long expiry which you have to be ok with. Yeah, I've definitely been sticking to the "stocks you don't mind owning" credo, and also been targeting tickers where I have holdings and want to reduce my cost basis. I've been doing CRSR the most. Dividend stocks are also appealing and I need to research those a bit more. I found one (STX) that seems to have worked well so far. I don't use margin and I'm not planning to any time in the near future. I have a relatively low amount to use right now -- sort of feeling out the idea of CSPs, and might commit more capital to it later if it continues to work well. Cacafuego posted:PLTR has been good for me I had my eye on PLTR and almost pulled the trigger before today's pop. I'll probably back burner it for if / when it returns back down to it's normal mid $20 range.
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Jan 22, 2021 21:59
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Well gently caress me, I've been on planes all day since yesterday, and didn't close out the PLTR covered calls I sold before traveling like I intended to. Two of them are in the money now and they don't expire until next week so I guess I get to see how much I missed out on!
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Jan 22, 2021 22:00
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gently caress it I’m in on CCIV options too now. Worst thing I did in 2020 was buy travel dips when I could be doing other poo poo other than holding these bags
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Jan 22, 2021 22:02
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Bought some CCIV, time for some magic baby.
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Jan 22, 2021 22:03
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Rolo posted:gently caress it I’m in on CCIV options too now. Worst thing I did in 2021 was sell cciv at $12 after being psyched at my amazing 20% profit. e: just sold my pltr for a 20% profit too, so that's gonna hit 40 on Monday I'm sure.
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Jan 22, 2021 22:06
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Wifi Toilet posted:Worst thing I did in 2021 was sell cciv at $12 after being psyched at my amazing 20% profit. yeah lol. I sold that first day and immediately regretted after seeing all the hype. bought back in the next day and ive kept buying more during dips hard not taking profit though every time it booms like this. most of my calls are +120% right now
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Jan 22, 2021 22:10
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Gone Fashing posted:yeah I sold all of mine at the end of the day, so pre-emptive congrats for tomorrow if you're still holding it changing my pre-emptive congrats to a post-emptive congrats, lol
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Jan 22, 2021 22:19
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Ulio posted:Ya its totally fine as long as you don't put your entire savings like some people there do. As it just leads to unneeded risk and anxiety. I have never went yolo on any 1 stock and made great returns. I want to keep making a lot of money and not lose any which is not something you can realistically do if you just put back all your profits into weekly options like people in r/wsb do. So what percentage of my life savings would you recommend I put in stock? Say if I had $10,000 (just as an example)?
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Jan 22, 2021 22:21
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Tyro posted:Well gently caress me, I've been on planes all day since yesterday, and didn't close out the PLTR covered calls I sold before traveling like I intended to. Yeah, I closed my 29c right before the big pump at a small loss, about .45 per contract. Considering selling some more calls on Monday. This pump doesn't make sense to me. Expecting a return to mid 20s in the next 2 weeks, but hey, I could be wrong.
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Jan 22, 2021 22:21
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punk rebel ecks posted:So what percentage of my life savings would you recommend I put in stock? Say if I had $10,000 (just as an example)? Invest for your retirement then spend your play money on whatever it is you want (stocks for example). So if you have 10K for example, you should put $0 of it on CCIV.
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Jan 22, 2021 22:24
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punk rebel ecks posted:So what percentage of my life savings would you recommend I put in stock? Say if I had $10,000 (just as an example)? Is that a real question? Whatever you're comfortable with. Do you need that 10k? Many stocks and especially meme stocks are essentially gambling so I would put zero percentage of my "life savings" in them. On the other hand if you lost 3k of that and wouldn't miss it, gamble away. It depends on your specific life.
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Jan 22, 2021 22:26
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It is going to be absolutely fascinating to see what happens when WSB gears up for the next GME. It's going to happen, probably next week, and I can't wait to see if this is just a *thing* that becomes part of the marketplace, or if it fails spectacularly either from immediate apathy or some sort of SEC regulation. What a time to be alive.
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Jan 22, 2021 22:26
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Made 30 bucks so far, learning stocks is fun  E: Regreting buying a bunch of stuff I am waiting to rise up in summer instead of buying more lower priced stocks but thats how you learn
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Jan 22, 2021 22:29
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Axios just reported ZNTE is in talks with Lilium. https://www.axios.com/newsletters/axios-pro-rata
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Jan 22, 2021 22:31
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Shappa posted:It is going to be absolutely fascinating to see what happens when WSB gears up for the next GME. It's going to happen, probably next week, and I can't wait to see if this is just a *thing* that becomes part of the marketplace, or if it fails spectacularly either from immediate apathy or some sort of SEC regulation.
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Jan 22, 2021 22:38
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https://www.reddit.com/r/wallstreetbets/comments/l2x7he/gme_yolo_update_jan_22_2021/
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Jan 22, 2021 22:39
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punk rebel ecks posted:So what percentage of my life savings would you recommend I put in stock? Say if I had $10,000 (just as an example)? Put your life savings in Vanguard, Schwab, or Fidelity (low fee brokers), in a rothIRA. Do broad market indexes like Vtsax/vti. Read up on bogglehead investment strategies (great wiki) and other general personal finance advice. Maybe some bonds if you’re older like 40s. Save a few months emergency funds, more if you have dependents. For individual stocks act like you’re going to poker night or Vegas and budget it as fun money. With an individual stocks people can and do lose all of their money before the afternoon. You don’t want that kind of ride with your life savings.
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Jan 22, 2021 22:43
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ugh don't encourage me to buy more WSB memes please 
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Jan 22, 2021 22:45
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My hope for this man to get that bread is immense.
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Jan 22, 2021 22:52
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What does that guy even do at this point? That’s life changing money for most people but I’m assuming he was already wealthy to be able to try this in the first place. How easy is it to cash all that out if he wanted to hop off? I’m assuming you can’t just click a button and it all turns to cash instantly. Or maybe you can?
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Jan 22, 2021 22:53
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Lol.clam the gently caress down posted:Put your life savings in Vanguard, Schwab, or Fidelity (low fee brokers), in a rothIRA. Do broad market indexes like Vtsax/vti. Read up on bogglehead investment strategies (great wiki) and other general personal finance advice. Maybe some bonds if you’re older like 40s. Save a few months emergency funds, more if you have dependents. Thanks. My 401k is already in Vanguard.
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Jan 22, 2021 22:53
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drowningidiot posted:What does that guy even do at this point? That’s life changing money for most people but I’m assuming he was already wealthy to be able to try this in the first place. he could convert it to cash pretty easily
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Jan 22, 2021 22:57
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Shappa posted:It is going to be absolutely fascinating to see what happens when WSB gears up for the next GME. It's going to happen, probably next week, and I can't wait to see if this is just a *thing* that becomes part of the marketplace, or if it fails spectacularly either from immediate apathy or some sort of SEC regulation. I wondered the same thing, as soon as one of them manages to crack a major hedge fund I think you will see *some* sort of intervention but I have no idea what that might look like. I am also assuming this is wreaking havoc with the HFT algos. Now that they know the recipe of "just find whoever is super shorted" poo poo is probably going to really pop off. I got lucky and had some money in BB calls and by nothing but stubbornness I nearly theta'd them to zero and out of no where a near 20% pop in the UL. I took most of the profit but can't help but to hold onto some of it in the event buying BB goes viral over the weekend. Robinhood is basically enabling stocks to be DDoS'd.
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Jan 22, 2021 22:59
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drowningidiot posted:What does that guy even do at this point? That’s life changing money for most people but I’m assuming he was already wealthy to be able to try this in the first place. Not quite instantly, but quickly enough. That represents a total of 150,000 shares. Today's total trade volume in GME was over 195,000,000. The most busy minute during the day traded 97,891shares. I'm pretty sure it will open a lot lower on Monday though. I can't wait to read all the stories about this time. The 80s, the dot com boom, all of that is such peanuts.
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Jan 22, 2021 22:59
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Ola posted:I can't wait to read all the stories about this time. The 80s, the dot com boom, all of that is such peanuts. I think a lot of them we'll never get to hear. Lots will become wealthy enough to retire early over a matter of months, probably more will lose a large percentage of their net worth (I did the latter in 2020 due to stupid mistakes). It's a crazy time with meme stocks and easy access to brokerages like RH.
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Jan 22, 2021 23:07
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Sand Monster posted:Yeah, I've definitely been sticking to the "stocks you don't mind owning" credo, and also been targeting tickers where I have holdings and want to reduce my cost basis. I've been doing CRSR the most. Dividend stocks are also appealing and I need to research those a bit more. I found one (STX) that seems to have worked well so far. CRSR is a good choice, I been long since IPO. I would say Logitech is a bit better but Corsair are in the memory market and the esports section of the market is so lucrative + growing so fast. The margins on high end gaming accessories are insane.
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Jan 22, 2021 23:11
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I'm really happy for that guy that made it big on GME but right now.... I would just sell. Not point holding to lose it all if you have made so so much. Just take it and run guy.
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Jan 22, 2021 23:12
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Strumpy posted:I'm really happy for that guy that made it big on GME but right now.... I would just sell. Not point holding to lose it all if you have made so so much. Just take it and run guy.  They've been telling him that for months - but yeah, I would just loving sell the lot, retire, and never work another day in my life. When daily swings in one stock are increasing or decreasing your net worth by millions of dollars how do you even function
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Jan 22, 2021 23:17
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Non meme stock degenerate conversation: I am holding a couple $AMD 2/19 $13 calls and realized I don't know what to do with them with AMD reporting earnings Tuesday after close. Ya know, "don't hold through earnings"
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Jan 22, 2021 23:17
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Oh yeah of course - but isn't there a point where it's just beyond a joke? Is risking it all for a meme worth it if you can just escape reality for the rest of your life. It wasn't at that level a year ago.
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Jan 22, 2021 23:21
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Need a nice round 10 million gain to make it a good story
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Jan 22, 2021 23:22
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He cashed out 2.6 million, he never has to work again anyways most likely.
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Jan 22, 2021 23:29
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ranbo das posted:He cashed out 2.6 million, he never has to work again anyways most likely. Yeah this is what i would do too, get enough to retire and see if im gonna be yacht rich or not
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Jan 22, 2021 23:30
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cr0y posted:I wondered the same thing, as soon as one of them manages to crack a major hedge fund I think you will see *some* sort of intervention but I have no idea what that might look like. I am also assuming this is wreaking havoc with the HFT algos. I think if the overall economy hadn't permanently lost jobs due Covid19, fed would definitely address this. I am guessing Fed will be less dovish by q1 2022 and Biden's corporate tax rate changes will change the fundamentals that should atleast be a risk off event for a bit. Which means WSB can keep doing this to cheap highly shorted stocks as the overall market condition should be good for most of this year. I think too much speculation is a negative thing in the markets but this is very concentrated speculation. Instead of the dotcom bubble, it's just specific stocks this board is pushing. So short term traders have stop losses and notoriously new speculators are known to have weak hands, any broad market pullback, I can see trading firms abusing their specific names for easy money. With current market conditions though I wouldn't short anything, not only the WSB names. The vaccine, dovish Fed and Biden admin are factors that are too strong to ignore. I do think SEC should do something about Robin Hood, speculation is fine as long as there is more investors than speculators. Because investors want companies to grow and help the economy, aka do something productive. Speculators want to sell at a higher price to the next person. If we see these types of incidents repeating, the infamy of this subreddit will keep growing and keep giving birth to robinhoobd wsb tiktok speculators.
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Jan 22, 2021 23:30
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punk rebel ecks posted:So what percentage of my life savings would you recommend I put in stock? Say if I had $10,000 (just as an example)? You want to diversify, so roughly 50% stocks, 15% warrants, with the rest in options.
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Jan 22, 2021 23:30
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 lol less than 600 bucks into 6 figgies on 0day calls Ulio posted:I do think SEC should do something about Robin Hood, speculation is fine as long as there is more investors than speculators. Because investors want companies to grow and help the economy, aka do something productive. Speculators want to sell at a higher price to the next person. If we see these types of incidents repeating, the infamy of this subreddit will keep growing and keep giving birth to robinhoobd wsb tiktok speculators. what could sec actually do about rh? force them to charge a commission or something?
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Jan 22, 2021 23:36
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thats not candy posted:
I don't know but I am going to love the hypocrisy of regulators arguing wall street is very dangerous and needs more regulation. I would love to be a fly on the wall for some big money spec guy walking into his bosses office and saying "hey we have a serious problem with our gamestop shorts"
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Jan 22, 2021 23:44
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thats not candy posted:
god drat congrats man
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Jan 22, 2021 23:47
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Ulio posted:
All of financial law is filled with weird and complicated procedures that were put in place in order to prevent some specific speculative poo poo that hit the fan a long time ago. And after that, different types of poo poo have kept hitting the fan regardless because the same human nature is at work and we always come up with new poo poo to throw at fans. It's Robinhood, SPACs and memes this time, we have no idea what it will be the next time. But it's definitely one of those times though.
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Jan 22, 2021 23:47
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