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**OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition
08-13-2021, 09:19 AM
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#6481
- roughinhouse
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- roughinhouse
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missed the upst train but bought 20 at 181 and sold near 200 so at least its something.
08-13-2021, 10:01 AM
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#6482
- MotorCityCobra
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Originally Posted By Swaggod9k⏩
Just bought about 11k USD worth of shares in Wish. Way oversold and will bounce back in a couple of weeks/months imo. Has potential to squeeze as well.Fuark anyone buying todays wish dip?
08-13-2021, 10:39 AM
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#6483
I was gonna sell poots on wish today but then looked at their earnings report and its really bad and the points carbonfire brought about this business on this page supports my reconsideration on this move of staying away
however I might still do it if it dips below 7 again, love bottom plays
however I might still do it if it dips below 7 again, love bottom plays
08-13-2021, 11:12 AM
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#6484
08-13-2021, 11:26 AM
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#6485
08-13-2021, 11:32 AM
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#6486
- roughinhouse
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- roughinhouse
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Originally Posted By kusok⏩
Sold some 0dte 15 puts. If i get assigned oh well. If i dont, free premium.We buying sofi dip??
08-13-2021, 11:46 AM
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#6487
- Carbonfibre
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- Carbonfibre
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market is entering over extended range again.
there have been pull backs every single month so far this year
spy is going on 25 trading days without any decent pull back
imo don't go all in buying balls deep there could be cheaper entry coming

did you really buy RKT calls yesterday when IV was high?
rookie move
move on RKT was right in line with options +/- implied move.
there have been pull backs every single month so far this year
spy is going on 25 trading days without any decent pull back
imo don't go all in buying balls deep there could be cheaper entry coming

Originally Posted By Venom08⏩
the phuckRKT up 10% today on good earnings. My calls are flat... lol I'm used to it. How about that CUBT though... what a turd. just ranging and downtrending.
did you really buy RKT calls yesterday when IV was high?
rookie move
move on RKT was right in line with options +/- implied move.
08-13-2021, 12:48 PM
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#6488
- camaleom
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Originally Posted By TugOfPeace⏩
my man that is the right way of thinking!Closed out my calls for 400% gain. Fuark. Thinking to buy puts now..
I did exactly that with AMC lol when they had the run up lol
"Paper money is going away" - EM
08-13-2021, 01:08 PM
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#6489
- roughinhouse
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- roughinhouse
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Originally Posted By TugOfPeace⏩
You can always short shares instead if worried about theta.I'm a bit skeptical of buying puts on UPST though, I have a hunch that their recent ER created a lot of long holders. Got a feeling that support will be stiff and puts won't be that profitable.. this thing still has room to grow too, given the price targets out there now. Theta decay will kill me quick on puts if this thing doesn't drop quickly in the short term. It would have to drop as fast as it rose..
I think Carbon was right regarding past run ups, those were flukes which is why there was such a strong selloff, but now.. not sure that's the case, even though momentum is still high right now. Time will tell I suppose.
If I do buy, it will be far OTM, like $175 or so
I think Carbon was right regarding past run ups, those were flukes which is why there was such a strong selloff, but now.. not sure that's the case, even though momentum is still high right now. Time will tell I suppose.
If I do buy, it will be far OTM, like $175 or so
08-13-2021, 01:15 PM
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#6490
08-13-2021, 01:57 PM
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#6491
- roughinhouse
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- roughinhouse
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upst strong close. 220s next week.
08-13-2021, 02:36 PM
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#6492
08-13-2021, 02:56 PM
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#6493
08-13-2021, 03:04 PM
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#6494
- roughinhouse
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- roughinhouse
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Originally Posted By mikusk⏩
You can always put a stop loss on what you're willing to risk, unless it booms overnight then you're screwed.this will end well
inb4 tuggie gets squeezed into oblivion
inb4 tuggie gets squeezed into oblivion
08-13-2021, 04:06 PM
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#6495
- HMFIC_BROWSIN
- Buy high, sell higher.
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- HMFIC_BROWSIN
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Originally Posted By TugOfPeace⏩
Lmao @ shorting a company that only has tailwind. where do ppl get these ideas?I was browsing UPST stocktwits page and it's full of bears that shorted it way back, they're super upset lol
08-13-2021, 04:08 PM
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#6496
- A1lthatrema1ns
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- A1lthatrema1ns
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UPST FOMO is strong rn...considering getting in and trying to play this run up
Founder of "Prime Minister" (srs)
Founder of "Always Picks 2 Crew" (srs)
08-13-2021, 04:15 PM
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#6497
- HMFIC_BROWSIN
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Originally Posted By A1lthatrema1ns⏩
Have a gander @ Doximity..... Similar situation: newish IPO, profitable AF, revenue growth through the roof, founder-led, unlimited scalability.UPST FOMO is strong rn...considering getting in and trying to play this run up
08-13-2021, 11:54 PM
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#6498
- roughinhouse
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- roughinhouse
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Originally Posted By HMFIC_BROWSIN⏩
nice. I actually have a position in this at 56. only 30 shares though wish i sized more.Have a gander @ Doximity..... Similar situation: newish IPO, profitable AF, revenue growth through the roof, founder-led, unlimited scalability.
08-14-2021, 06:04 AM
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#6499
- HMFIC_BROWSIN
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Originally Posted By roughinhouse⏩
Gjdm.nice. I actually have a position in this at 56. only 30 shares though wish i sized more.
I'll probably add another 100 shares soon.
Currently 100 @ $77.
08-14-2021, 05:25 PM
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#6500
Originally Posted By HMFIC_BROWSIN⏩
Maybe too late now? Already almost 100% up since IPO…Have a gander @ Doximity..... Similar situation: newish IPO, profitable AF, revenue growth through the roof, founder-led, unlimited scalability.
08-14-2021, 07:46 PM
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#6501
- HMFIC_BROWSIN
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- HMFIC_BROWSIN
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Originally Posted By kusok⏩
UPST was up 150% from IPO when I bought it at $66.Maybe too late now? Already almost 100% up since IPO…
see user title.
08-14-2021, 08:35 PM
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#6502
- roughinhouse
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- roughinhouse
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thoughts on gpro? I'm seeing more and more people buying then, earnings were great and now the stock sold off and is back to where it was before earnings lol.
08-15-2021, 07:29 AM
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#6503
- HMFIC_BROWSIN
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Originally Posted By TugOfPeace⏩
I have. Technical analysis seems like it worked easily in the 1970s/1980s. There's a lot of technical traders in the 'market wizards' series of interviews. I'm a lifetime loser on technical plays; I think the vast majority of techies are.Do you do any reading on technical analysis or options? I have some books that go deep into options pricing and it's pretty interesting seeing the calculus (literally) behind it.
I've always wanted to broaden my understanding of the financial world but am debating whether to delve deeper into trading strategies or start out with some economics. Maybe both.
I've always wanted to broaden my understanding of the financial world but am debating whether to delve deeper into trading strategies or start out with some economics. Maybe both.
I don't do options, why should I? Just a headache that appears to be a zero-sum game after you factor in how much mental energy goes into it.
Brain dead obvious stocks: revenue growth, scalability, founder is CEO .... Simple af.
Buy without margin. As of today I'm averaging 40% over the last 4 years just doing that (thanks upst LOL). Sitting on your hands is easy this way
Last thing: sit with a compound interest calculator and learn how fuarkin powerful it is.
$1,000 today @40% annual gains would be $700,000,000 in 40 years lmao. @20% (Buffett's average) it would be $1,470,000
Be reasonable about your annual expectation with the understanding that a long runway is the key.
08-15-2021, 08:50 AM
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#6504
- Elias373
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- Elias373
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Originally Posted By TugOfPeace⏩
JFL @ BooksDo you do any reading on technical analysis or options? I have some books that go deep into options pricing and it's pretty interesting seeing the calculus (literally) behind it.
I've always wanted to broaden my understanding of the financial world but am debating whether to delve deeper into trading strategies or start out with some economics. Maybe both.
I've always wanted to broaden my understanding of the financial world but am debating whether to delve deeper into trading strategies or start out with some economics. Maybe both.
Just buy PLTR
08-15-2021, 10:26 AM
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#6505
Originally Posted By HMFIC_BROWSIN⏩
NotsureifsrsI have. Technical analysis seems like it worked easily in the 1970s/1980s. There's a lot of technical traders in the 'market wizards' series of interviews. I'm a lifetime loser on technical plays; I think the vast majority of techies are.
I don't do options, why should I? Just a headache that appears to be a zero-sum game after you factor in how much mental energy goes into it.
Brain dead obvious stocks: revenue growth, scalability, founder is CEO .... Simple af.
Buy without margin. As of today I'm averaging 40% over the last 4 years just doing that (thanks upst LOL). Sitting on your hands is easy this way
Last thing: sit with a compound interest calculator and learn how fuarkin powerful it is.
$1,000 today @40% annual gains would be $700,000,000 in 40 years lmao. @20% (Buffett's average) it would be $1,470,000
Be reasonable about your annual expectation with the understanding that a long runway is the key.
I don't do options, why should I? Just a headache that appears to be a zero-sum game after you factor in how much mental energy goes into it.
Brain dead obvious stocks: revenue growth, scalability, founder is CEO .... Simple af.
Buy without margin. As of today I'm averaging 40% over the last 4 years just doing that (thanks upst LOL). Sitting on your hands is easy this way
Last thing: sit with a compound interest calculator and learn how fuarkin powerful it is.
$1,000 today @40% annual gains would be $700,000,000 in 40 years lmao. @20% (Buffett's average) it would be $1,470,000
Be reasonable about your annual expectation with the understanding that a long runway is the key.
They’re not that complicated. Sounds like you had a negative experience.
If you’re averaging 40% year after year then keep doing what you’re doing though.
08-15-2021, 10:32 AM
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#6506
- HMFIC_BROWSIN
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- HMFIC_BROWSIN
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Originally Posted By lntense⏩
Just reading this thread is evidence enough.They’re not that complicated. Sounds like you had a negative experience.
I've never bought/sold a single option. Watched some tutorials on it and was just like....... nah.
08-15-2021, 10:53 AM
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#6507
- imbeingcereal
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- imbeingcereal
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Originally Posted By HMFIC_BROWSIN⏩
While you're right about compound interest being powerful, you're going to average 12% per year for the rest of your life, much less 40%, homieI have. Technical analysis seems like it worked easily in the 1970s/1980s. There's a lot of technical traders in the 'market wizards' series of interviews. I'm a lifetime loser on technical plays; I think the vast majority of techies are.
I don't do options, why should I? Just a headache that appears to be a zero-sum game after you factor in how much mental energy goes into it.
Brain dead obvious stocks: revenue growth, scalability, founder is CEO .... Simple af.
Buy without margin. As of today I'm averaging 40% over the last 4 years just doing that (thanks upst LOL). Sitting on your hands is easy this way
Last thing: sit with a compound interest calculator and learn how fuarkin powerful it is.
$1,000 today @40% annual gains would be $700,000,000 in 40 years lmao. @20% (Buffett's average) it would be $1,470,000
Be reasonable about your annual expectation with the understanding that a long runway is the key.
I don't do options, why should I? Just a headache that appears to be a zero-sum game after you factor in how much mental energy goes into it.
Brain dead obvious stocks: revenue growth, scalability, founder is CEO .... Simple af.
Buy without margin. As of today I'm averaging 40% over the last 4 years just doing that (thanks upst LOL). Sitting on your hands is easy this way
Last thing: sit with a compound interest calculator and learn how fuarkin powerful it is.
$1,000 today @40% annual gains would be $700,000,000 in 40 years lmao. @20% (Buffett's average) it would be $1,470,000
Be reasonable about your annual expectation with the understanding that a long runway is the key.
08-15-2021, 11:41 AM
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#6508
- HMFIC_BROWSIN
- Buy high, sell higher.
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- HMFIC_BROWSIN
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Originally Posted By imbeingcereal⏩
That's my point lol.While you're right about compound interest being powerful, you're going to average 12% per year for the rest of your life, much less 40%, homie
The rule of 72 dispells any idea that optioncels think they're going to triple their money on any consistent basis.
08-15-2021, 12:05 PM
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#6509
- roughinhouse
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- roughinhouse
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Originally Posted By HMFIC_BROWSIN⏩
'This line "Brain dead obvious stocks: revenue growth, scalability, founder is CEO .... Simple af."I have. Technical analysis seems like it worked easily in the 1970s/1980s. There's a lot of technical traders in the 'market wizards' series of interviews. I'm a lifetime loser on technical plays; I think the vast majority of techies are.
I don't do options, why should I? Just a headache that appears to be a zero-sum game after you factor in how much mental energy goes into it.
Brain dead obvious stocks: revenue growth, scalability, founder is CEO .... Simple af.
Buy without margin. As of today I'm averaging 40% over the last 4 years just doing that (thanks upst LOL). Sitting on your hands is easy this way
Last thing: sit with a compound interest calculator and learn how fuarkin powerful it is.
$1,000 today @40% annual gains would be $700,000,000 in 40 years lmao. @20% (Buffett's average) it would be $1,470,000
Be reasonable about your annual expectation with the understanding that a long runway is the key.
I don't do options, why should I? Just a headache that appears to be a zero-sum game after you factor in how much mental energy goes into it.
Brain dead obvious stocks: revenue growth, scalability, founder is CEO .... Simple af.
Buy without margin. As of today I'm averaging 40% over the last 4 years just doing that (thanks upst LOL). Sitting on your hands is easy this way
Last thing: sit with a compound interest calculator and learn how fuarkin powerful it is.
$1,000 today @40% annual gains would be $700,000,000 in 40 years lmao. @20% (Buffett's average) it would be $1,470,000
Be reasonable about your annual expectation with the understanding that a long runway is the key.
convinced me to buy GPRO. Gonna buy 200 shares on Monday and check on it in 3 years.
08-15-2021, 12:10 PM
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#6510
- usersignup2
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- usersignup2
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Originally Posted By HMFIC_BROWSIN⏩
Reps for knowing rule of 72. I doubt more than 5 other people who have ever responded to this thread know about it.That's my point lol.
The rule of 72 dispells any idea that optioncels think they're going to triple their money on any consistent basis.
The rule of 72 dispells any idea that optioncels think they're going to triple their money on any consistent basis.
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