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**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
08-06-2024, 10:29 AM
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#6511
08-06-2024, 11:09 AM
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#6512
- GeneralSerpant
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- GeneralSerpant
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Originally Posted By stockbruh⏩
I’ve had the account for less than a month I’d say. It doesn’t look like much interest is being charged day by day. It’s only a matter of a couple of dollars over days or something. But I’m not getting a breakdown of interest rate vs apr or a clear account of how much interest has been incurred. Also I’ve picked up and dropped the stocks a bunch so I’m not sure of process and settlement times.Damn that’s a lot, is it compounding like a regular loan?
It seems like a perfectly appropriate avenue to buy dips on given you don’t go under water.
08-06-2024, 11:18 AM
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#6513
08-06-2024, 01:00 PM
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#6514
- SipNPiz
- 2 B Tan is 2 B Glorious!
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- SipNPiz
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Dang 13% margin expense, pretty much have no choice to beat that rate by doing crazy high risk stuff. Robinhood quoted me 7% I think.
STEM Wagie Brah
Oil/commodity based trader
08-06-2024, 01:06 PM
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#6515
Is it over?
Originally Posted By dankydank⏩
lol when are you taking profits?Bought calls end of day Monday and the VIX crush is brootal. Weekly MSFT calls were up 20% at open with MSFT up 1%. Currently up 14% with MSFT up 2.5%
Originally Posted By SipNPiz⏩
IBKR has the cheapest margin rates and I max it out all the time lol.Dang 13% margin expense, pretty much have no choice to beat that rate by doing crazy high risk stuff. Robinhood quoted me 7% I think.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-06-2024, 01:52 PM
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#6516
- TugOfPeace
- 1012 ng/dl
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- TugOfPeace
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I'm guessing UPST is gonna get wrekt shortly
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
08-06-2024, 02:04 PM
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#6517
08-06-2024, 02:14 PM
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#6518
Originally Posted By dankydank⏩
I want you to know I don't appreciate you ignoring me even if that makes you happy or indifferent.Only thing that printed today were puts on a 2+% index day. Otm puts last hour ended up over 20X depending on how far otm you bought them
I'm just trying to help you.
GL(srs).
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-06-2024, 02:44 PM
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#6519
- GeneralSerpant
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- GeneralSerpant
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Originally Posted By Abzu⏩
Fed just announced it wants us to keep buying the dip.Is it over?
08-06-2024, 03:51 PM
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#6520
08-06-2024, 07:16 PM
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#6521
Robinhood margin is between 6% and 8% interest, not bad, since we’re not in an environment these days where you can go to a bank and get 3%, hopefully one day soon we will have such an opportunity again,
I do use Robinhood margin a little bit Such as for selling cash secure puts on stocks I want anyway, which generate at least 1% per week, 56% annualized return, I figure 6% to pay the margin another third or even half to IRS. I’ll be left with about 25 or 30% annual return, which obliterates S&P 500 average , I figure if I cannot get at least 30% return then i may as well just put money in S&P 500 and not worry about it.
I’ve been selling options for so long on clsk that my entire large position is actually almost free, my real cost basis is approaching zero lol
I do use Robinhood margin a little bit Such as for selling cash secure puts on stocks I want anyway, which generate at least 1% per week, 56% annualized return, I figure 6% to pay the margin another third or even half to IRS. I’ll be left with about 25 or 30% annual return, which obliterates S&P 500 average , I figure if I cannot get at least 30% return then i may as well just put money in S&P 500 and not worry about it.
I’ve been selling options for so long on clsk that my entire large position is actually almost free, my real cost basis is approaching zero lol
08-06-2024, 08:40 PM
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#6522
- GeneralSerpant
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- GeneralSerpant
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Originally Posted By kusok⏩
So your 6-8% is an annual percentage rate?Robinhood margin is between 6% and 8% interest, not bad, since we’re not in an environment these days where you can go to a bank and get 3%, hopefully one day soon we will have such an opportunity again,
I do use Robinhood margin a little bit Such as for selling cash secure puts on stocks I want anyway, which generate at least 1% per week, 56% annualized return, I figure 6% to pay the margin another third or even half to IRS. I’ll be left with about 25 or 30% annual return, which obliterates S&P 500 average , I figure if I cannot get at least 30% return then i may as well just put money in S&P 500 and not worry about it.
I’ve been selling options for so long on clsk that my entire large position is actually almost free, my real cost basis is approaching zero lol
I do use Robinhood margin a little bit Such as for selling cash secure puts on stocks I want anyway, which generate at least 1% per week, 56% annualized return, I figure 6% to pay the margin another third or even half to IRS. I’ll be left with about 25 or 30% annual return, which obliterates S&P 500 average , I figure if I cannot get at least 30% return then i may as well just put money in S&P 500 and not worry about it.
I’ve been selling options for so long on clsk that my entire large position is actually almost free, my real cost basis is approaching zero lol
08-07-2024, 02:17 AM
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#6523
08-07-2024, 06:57 AM
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#6524
- GeneralSerpant
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- GeneralSerpant
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Originally Posted By kusok⏩
Good ‘cause I was hoping I didn’t just buy a $247 dip to hold for a few weeks. I forget that the loans are collateralized.Annual.
08-07-2024, 07:41 AM
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#6525
- RobParks2M
- mad hatter
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- RobParks2M
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Payo with the 17% gain is feeling good this morning. Egy pop on earnings is decent. I’d rather them hover $6 though tbh lmao.
Tlt sold my $97 puts for $2.40 just now from 1.50 I bought the other day. Still holding the CCs and shares. It probably finds support at $96 and I doubt it goes much lower with cuts coming.
Tlt sold my $97 puts for $2.40 just now from 1.50 I bought the other day. Still holding the CCs and shares. It probably finds support at $96 and I doubt it goes much lower with cuts coming.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
08-07-2024, 07:57 AM
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#6526
- Destor
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- Destor
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Suncor coming out hard after earnings, just need it to reach parity with CNQ again
Cashed out another $10k of Suncor
My income this year is gonna be like $500k (taxes) (fuark)
Cashed out another $10k of Suncor
My income this year is gonna be like $500k (taxes) (fuark)
08-07-2024, 09:12 AM
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#6527
- TugOfPeace
- 1012 ng/dl
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- TugOfPeace
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Originally Posted By TugOfPeace⏩
damn. +43%I'm guessing UPST is gonna get wrekt shortly
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
08-07-2024, 09:23 AM
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#6528
08-07-2024, 09:26 AM
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#6529
- TugOfPeace
- 1012 ng/dl
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- TugOfPeace
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Originally Posted By Destor⏩
Whats interesting is that on their earnings call they said that their outlook was positive regardless of whether there are rate cuts or not. I'm thinking bigger funds will be piling into this in anticipationCrazy volatility, up 44% intraday and yet only +8% compared to three weeks ago
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
08-08-2024, 09:04 AM
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#6530
08-08-2024, 09:08 AM
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#6531
08-08-2024, 12:12 PM
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#6532
08-08-2024, 12:13 PM
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#6533
Originally Posted By GeneralSerpant⏩
The fed lies, this is normal lol I never believe what the fed says but I do listen to found out what he would like me to think.Fed just announced it wants us to keep buying the dip.
Originally Posted By stockbruh⏩
I've been buying calls all week, not on NVDA lol but on obscure stocks that, probably, no one here has bought this week.Are we back? Damn I sold my whole
Portfolio cuz I didn’t have you guys to tell me what to do
Portfolio cuz I didn’t have you guys to tell me what to do
I also sold my puts on BROS with 8/16 expiration and oh boy did I put them boys downs lol.
I think it's still not over but that's cool with me lol.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-08-2024, 12:14 PM
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#6534
- usersignup2
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- usersignup2
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Originally Posted By Destor⏩
nicely done brahSuncor coming out hard after earnings, just need it to reach parity with CNQ again
Cashed out another $10k of Suncor
My income this year is gonna be like $500k (taxes) (fuark)
Cashed out another $10k of Suncor
My income this year is gonna be like $500k (taxes) (fuark)
08-08-2024, 12:18 PM
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#6535
Has anyone seen my son, HMIC?
Anyone seen Visel?
Is Dank here?
Them boys must be on life support by now.
I'm worried about them =[.
Anyone seen Visel?
Is Dank here?
Them boys must be on life support by now.
I'm worried about them =[.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-08-2024, 12:22 PM
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#6536

How does Bros go from $38 before earning to opening at $29 then falling even further to $27?
BROS beat EPS by 50% and revenues by 2%.
Why is this happening to them?

I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-08-2024, 12:27 PM
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#6537
- NestBrah
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- NestBrah
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Originally Posted By Abzu⏩
Still bottoming mid 4000s?The fed lies, this is normal lol I never believe what the fed says but I do listen to found out what he would like me to think.
I've been buying calls all week, not on NVDA lol but on obscure stocks that, probably, no one here has bought this week.
I also sold my puts on BROS with 8/16 expiration and oh boy did I put them boys downs lol.
I think it's still not over but that's cool with me lol.
I've been buying calls all week, not on NVDA lol but on obscure stocks that, probably, no one here has bought this week.
I also sold my puts on BROS with 8/16 expiration and oh boy did I put them boys downs lol.
I think it's still not over but that's cool with me lol.
08-08-2024, 12:28 PM
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#6538
Originally Posted By Destor⏩
I buy options out of my tax-free accounts and sell puts in my regular account so all that money I made whooping on BROS is tax fukin free lolSuncor coming out hard after earnings, just need it to reach parity with CNQ again
Cashed out another $10k of Suncor
My income this year is gonna be like $500k (taxes) (fuark)
Cashed out another $10k of Suncor
My income this year is gonna be like $500k (taxes) (fuark)
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-08-2024, 12:31 PM
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#6539
Originally Posted By NestBrah⏩
It's possible but the key levels are ~500, ~480 and ~440, I would average in small at each level if I wasn't confident on a target but you must be aware that I could be wrong about ~440 being the absolute low.Still bottoming mid 4000s?
By absolute low I mean a low leading to a significant bounce that threatens a return to ATHs or an actual break of ATHs.
If I entered through ~440 and it bounced significantly, I would be scanning for a drop 24/7 to try to get ahead of it.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-08-2024, 12:35 PM
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#6540
- RobParks2M
- mad hatter
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- RobParks2M
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Bonds going down too fast now. STO $93p for TLT for $1 each on sept monthly.
Payo ended up up 25% yesterday and warrants jumped like 60% which was fun. They’ve got a lot of acquisitions so I’m hoping their combined growth it’ll push with P/E valuation multiple enough to get us over $14 before warrants expire
I’ve got about 12,000 warrants and I don’t think they expire till august 2026? Lmao fuk I should look
Payo ended up up 25% yesterday and warrants jumped like 60% which was fun. They’ve got a lot of acquisitions so I’m hoping their combined growth it’ll push with P/E valuation multiple enough to get us over $14 before warrants expire
I’ve got about 12,000 warrants and I don’t think they expire till august 2026? Lmao fuk I should lookFitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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