Did a lil' profit taking. Sold some TSLA, AMZN, and AAPL. If apple continues to run up to earnings, ill buy the dip when earnings hit.

do you think it'll dip post earnings?

surely if it beats them it's gonna pump massively

This will be the one time it will since i actually did it this time. lolz.

But....apple never "appeases" the masses. They could deliver a gangbusters service revenue number and a "low" iphone sales number or other results and get hit. Then magically over the next few days people realize what's up and it goes up.

yeah i have noticed the SP usually falls post earnings, just doesn't make sense to me why as theyre always good

i do think it's going to keep rallying up until then at least. hoping for 140 or there abouts. I'd be happy to take profit there, but i'll probably just sell a covered call instead

only have a measly 100 shares lol

Yeah ill just trim a little bit every few days if it has a good day here and there. And if they deliver gangbusters earnings and people actually buy in, I'm not gonna sweat it. I'm long apple anyway.

down 5k today smh

I'm financially ruined.

How will I ever recover from this

why are all you guys panicking right now? doesn't seem like much is happening today?

why are all you guys panicking right now? doesn't seem like much is happening today?

So all in it looks like this is about a $4k loss.
The good thing is when the options are near zero the anxiety goes away, lol. Writing it off as a loss. Was tempted to double down and go for the may $26 calls in the $1ish range but decided against it, would have liked to see it more in the $.50 range anyways. Just going to keep the shares I have in the trading account. Set and forget, the IRA is maxed out for 2020 and 2021 anyways.
I’m just going to stick with shares from now on, I’m also not going to fuk with leaps in the IRA.
Most of my spare cash is getting parked for the grow/dispo and expanding to a 30,000 foot facility for the gym currently so unless Palantir jumps massively this afternoon and tomorrow I won’t be involved actively in trading.
Congrats to anyone that took the opposite side and made money writing calls and buying puts!
I still think the stock is a 5x from here minimum in the next 10 years!
As bullish if not more so than I was 48 hours ago.
As a data scientist, the presentation was exactly what I wanted to see. As an investor? The opposite.

^ You don't ever panic, you stick to a game plan with high risk tolerance...its the definition of not giving a phuck and that's how you keep a clear head so you make $$$

Science/Logic/Fundementals don't mean jackchit anymore. I notice people who do well in the markets are the same one's who have good social intelligence/street smarts...Not book smarts. Lotta guys in here don't play options and still make big money.

So all in it looks like this is about a $4k loss.

The good thing is when the options are near zero the anxiety goes away, lol. Writing it off as a loss. Was tempted to double down and go for the may $26 calls in the $1ish range but decided against it, would have liked to see it more in the $.50 range anyways. Just going to keep the shares I have in the trading account. Set and forget, the IRA is maxed out for 2020 and 2021 anyways.

I’m just going to stick with shares from now on, I’m also not going to fuk with leaps in the IRA.

Most of my spare cash is getting parked for the grow/dispo and expanding to a 30,000 foot facility for the gym currently so unless Palantir jumps massively this afternoon and tomorrow I won’t be involved actively in trading.

Congrats to anyone that took the opposite side and made money writing calls and buying puts!

I still think the stock is a 5x from here minimum in the next 10 years!

As bullish if not more so than I was 48 hours ago.

As a data scientist, the presentation was exactly what I wanted to see. As an investor? The opposite.

There is always a return to fundamentals.
While this experiment certainly got the attention, allocating 100% of my IRA to Palantir was the real move.

Guys this is Ghost of Threeflight.  Before I get banned again wanted to give you an update on the last 2 plays I gave out.

CTYX STILL WAITING for the name and symbol change.  I have added another 1 M shares the past 10 days.  Going to go nicely when that change happens. $dollars.

MITI I have been adding everyday and still expecting a dollar or more by summer.

I have a new play as well.  I think it goes up a lot in the next week as earnings are coming out by next Monday.  UNQL-a potential 500% or more gainer/low float play that is currently at 20 cents and is scheduled to do $500 million or more in revs this year and "should" be well over $1 by the end of the month or perhaps even this week due to earnings coming out any day now. Has a float of only 69 M and it is right at its 50 MDA.

Last earnings day in early Feb it popped 500% to 40 cents as earnings were awesome and it has come back down to half of that price.

Unique Logistics (UNQL) is a global logistics and freight forwarding company serving a large customer base in the United States that includes well known retailers and other companies that import goods to the United States, export goods from the United States to other countries, or require other supply chain services, including warehousing.

The private company reversed into UNQL last year and did $182 MILLION in revs their first 6 months of last year. Business has been booming due to covid and increased shipping around the US with the economy exploding and they are expecting a record Q and year.

ONLY 1 Million shares have been diluted the past 10 months. So no worries about massive selling into any buying.

Earnings are due by end of this week to Monday and if they do over $200 M in revs this Q as expected, it should run to at least a dollar imo. At the very least over 50-75 cents. To me this is a no brainer and imo well worth grabbing some shares.

Good luck all.

At the end of the day my opinion is that even if you have to take an L on a position that you were confident in its not nearly as demoralizing as if you get caught holding a bag on some pile of shiet that you were only wanting to swing and weren't bullish on. 4K loss on your account is likely a drop in the hat anyways compared to what was technically an infinite upside trade.

Holding shares works always you can put stop loss etc and time frame is often years etc.

Options on other hand are casino of all casinos. Nobody is batting 900 from options. Most important rule to remember that 95% are going to expire worthless.

Big players do not ever play straight up options they will do spreads /condors/ straddle / hedges its all done for them by algos (super computers etc).

Massive bets on something that expires on weekly are like unicorns.

There needs to be follow through.

Great example was Nvda investor day, they hit so many check marks that it triggered buy signals for institutions.

Loop is usually.

Lets say PLTR demo is amazing, some analyst writes pt upgrade etc, whales start buying. stock goes up.

When something is gonna rip it will do it pre market and after market.

Closest I get to buy options are warrants but they have a 5yr expiry so not nearly the risk factor that weekly or monthly monthlies have. Having said that I am currently red AF on my warrants.

Weekly are brutal.

You're fighting theta decay hard. It just keeps ramping to expiry.

When it works its incredible its what made wsb so popular.

But when it doesn't work money down the drain. There is crazy amount of premium PLTR tmmrw expiring worthless.

im expecting some action tomorrow or monday for pltr. i think theres some manipulation going on behind the scenes

same as what i had with ABNB the other week. randomly crashed the entire week for no good reason, then an extra 3 % (after it had already dropped 3%) in the last hour of trade on friday, then up 5% on monday

it was all about option expiry imo. trying to scare people to close out