Board 8 > Stock Topic 11

(+) Yeah! (+)

StartTheMachine posted...

NKLA is back up today big time huh

I hate the market

And losing almost all of it in after market because the SEC is going to investigate lmao

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So guys I have a question
Assuming TSLA is a bubble and it will burst
How do you imagine it go? because I was sure for the life of me that what we saw last week was the way TSLA is going to burst..but today it looks like it isn't

So..what the fuck can happen to burst it? crashing 20% in one day and then another 10% is not enough?
People will still buy the fuck out of it?
Fuck at this rate even if TSLA drop 60% in a day I can see it making it back a week later because it's crazy like that

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They pushed their truck down a hill and their battery powered truck is just a GM truck

so good

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There's a reason you should never ever ever sell Tesla, Apple, or Amazon for a loss. People are always willing to buy.

I remember when I put in an order to buy Tesla the day it passed 1000 that never filled. Kinda like my order to more than double my AVCT shares the day it spiked to 14 that never filled. I looked back on trading that day and...I was 5 cents away from getting filled.

I get more depressed by the day :(

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Lots of early green, so knowing the way of the world by 11 everything will be red.

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Buying a call of aal yesterday. Selling a call of aal today and buying a put for Friday.

Watching aal like a hawk should pay off

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Oh, weird. DAL is up about 20% over the last month so I figured AAL would be too - but AAL is only up about 1/3 the amount percentagewise. Why are you buying a put?

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red sox 777 posted...

Oh, weird. DAL is up about 20% over the last month so I figured AAL would be too - but AAL is only up about 1/3 the amount percentagewise. Why are you buying a put?

I bought a put when it was at 13.60 and almost doubled my money when it hit 13.20 lol

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Feel like snowflake might be out of my price range interest...it bumped up the ipo price by like 40 bucks

Not sure here.

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Im buying it.

I keep wanting EVRI but miss it every day.

LPCN going up well above the panic price. Could get an easy profit here as I expected

BUT I think I'm gonna risk FDA unless it gets way higher before FDA. Think FDA approval is likely for this one.

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The only reason the stock market is going up is because I am still holding SQQQ (well, it only amounts to 20% of my portfilio but still)

And yes I finally realized how dumb I am for going with the leveraged ETFs to begin with
The thing is - if you have triple the money you invested into a triple ETF laying in cash, then there is no fucking reason to invest the money in the leveraged ETF instead of the regular ETF. There is not a single advantage. Only disadvantges
And I do have the money...

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Nanis23 posted...

The only reason the stock market is going up is because I am still holding SQQQ (well, it only amounts to 20% of my portfilio but still)

And yes I finally realized how dumb I am for going with the leveraged ETFs to begin with
The thing is - if you have triple the money you invested into a triple ETF laying in cash, then there is no fucking reason to invest the money in the leveraged ETF instead of the regular ETF. There is not a single advantage. Only disadvantges
And I do have the money...

Sell SQQQ while you can still get some money back. That thing has an expected value of something like -85% per year.

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SQQQ is literally just gambling that a day is going to go red. Do not hold.

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So Thursday at 2EST there will be the last presentation of the week for TRVN.

I would sell just before that starts (if there's a run-up beforehand, which I think there will be) if you just want out and have a short term attention span, you can sell just before or towards the beginning of that if it's positive for you at that point.

Now personally if you have a slightly less short term attention span I would hold until next Wednesday, as that's when the more formal presentation (dubbed a "presentation" rather than a "fireside chat" and has a longer time slotted for it) is coming-- I imagine any of the huge news would come at that one? I don't know.

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red sox 777 posted...

Sell SQQQ while you can still get some money back. That thing has an expected value of something like -85% per year.

Do you think I should replace it with PSQ? (not leveraged short on NASDAQ index) with double or triple the money I invested into SQQQ?
This is what I assume called "hedging"
Is this something you use? do you think it makes sense?

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I sold all my direct stock of TRVN and placed it on a call in december that has so far been highly lucrative for me.

I currently own the right to buy 62,000 shares of TRVN at 2.50 on december 18th, @Lopen

So if it shoots up even for an hour this is going to be spicy.

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Tesla is gonna go up tomorrow. Its up like 40% since last week.

Moonroof posted...

Tesla is gonna go up tomorrow. Its up like 40% since last week.

'
Buying a put on Tesla now.

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Nanis23 posted...

Do you think I should replace it with PSQ? (not leveraged short on NASDAQ index) with double or triple the money I invested into SQQQ?
This is what I assume called "hedging"
Is this something you use? do you think it makes sense?

As a general rule I don't hedge. Hedging is betting against yourself, which doesn't make sense. It greatly reduces your gain if your stocks go up. If you're really not feeling good about NASDAQ stocks, find some other stocks you do feel good about, or sit in cash if you can't find any.

If I had to hedge, I would buy deep out of the money puts. Deep enough that it wouldn't cost a lot, and it's really there only to protect against extreme, catastrophic, events, so I don't lose all my money at once. But you can also get almost as much protection from that by diversifying among multiple stocks, and it's much cheaper from an expected value point of view.

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Sacrificing 20% of your funds to the elder gods isn't hedging it's playing with a handicap.

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Also I have made several thousand dollars today just riding AAL up and down. This is disturbingly easy.

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DoomTheGyarados posted...

I sold all my direct stock of TRVN and placed it on a call in december that has so far been highly lucrative for me.

I currently own the right to buy 62,000 shares of TRVN at 2.50 on december 18th, @Lopen

So if it shoots up even for an hour this is going to be spicy.

That's really bold!

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I bought a put on AAL to get a feel for options and can currently sell it back for +$5

Imagine if I bought 100 of them instead.

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By contrast if it tanks I am going to be very sad.

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red sox 777 posted...

As a general rule I don't hedge. Hedging is betting against yourself, which doesn't make sense. It greatly reduces your gain if your stocks go up. If you're really not feeling good about NASDAQ stocks, find some other stocks you do feel good about, or sit in cash if you can't find any.

If I had to hedge, I would buy deep out of the money puts. Deep enough that it wouldn't cost a lot, and it's really there only to protect against extreme, catastrophic, events, so I don't lose all my money at once. But you can also get almost as much protection from that by diversifying among multiple stocks, and it's much cheaper from an expected value point of view.

I have zero knowledge and experience regarding options so the put thing is not something I would do..for now at least
But thanks for your insight, appreciate it.
I just want something to make me feel like I am "protected" because what happened in the last two weeks crashed me. NASDAQ going down 6% was just too much too bear. If I hold a short then at least I can cash it out...it's not like I know or can time the market. I just want to hold the stocks I have for the forseeable future but protect myself a little as well

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Lopen posted...

I bought a put on AAL to get a feel for options and can currently sell it back for +$5

Imagine if I bought 100 of them instead.

I bought a call early in the morning, sold it at 13.60 and immediately bought a lot of puts

It's like.

"oh so this is how the absurdly wealthy do it" lol

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Still have no clue how to do options.

Basically options are just like the stock if you don't let them reach the date.

If you have a buy call and the stock goes up, its value will go up

If you have a buy put and the stock goes down, its value will go up

just got to make sure that there is a healthy ecosystem of buyers/sellers in the stock before doing it because some stocks may not have a lot of people and thus it'd be hard to cash out.


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Nanis23 posted...

I have zero knowledge and experience regarding options so the put thing is not something I would do..for now at least
But thanks for your insight, appreciate it.
I just want something to make me feel like I am "protected" because what happened in the last two weeks crashed me. NASDAQ going down 6% was just too much too bear. If I hold a short then at least I can cash it out...it's not like I know or can time the market. I just want to hold the stocks I have for the forseeable future but protect myself a little as well

Honestly, it's better just to bear the losses and not hedge. The market will sell you protection, but it will always cost something (and in some cases, it will be very expensive). The primary reason stocks go up is that they are risky - so they have to be priced low enough to you to compensate you for taking a risk.

Humans are naturally risk averse, but the market isn't, and if you are, it'll eat your lunch. For example, suppose I told you that you had to bet $100 with me right now on a coin flip. Even though the coin is fair, you wouldn't want to do that, right? Now suppose I tell you that if you pay me 50 cents, we don't have to do the coin flip. You might take that deal. But then, if I repeat this with lots of people, each time I make 50 cents and I make a lot of money. If you repeat this behavior many times, you lose a lot of money. Every time you place a trade you are constantly being bombarded with these kinds of offers, and you really want to evaluate them based on expectation rather than fear or greed.

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If you think you should hedge don't go with that stock.

Like I bet both ends of AAL today not because of hedging, but because I knew AAL typically goes up and down most days so I felt like I could make a profit on both ends.

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DoomTheGyarados posted...

Basically options are just like the stock if you don't let them reach the date.

If you have a buy call and the stock goes up, its value will go up

If you have a buy put and the stock goes down, its value will go up

just got to make sure that there is a healthy ecosystem of buyers/sellers in the stock before doing it because some stocks may not have a lot of people and thus it'd be hard to cash out.

But how much money are you risking? isn't there like a chance to lose 100% of the money you invested in the call/put?
This isn't something that can happen in stocks
I mean..usually (unless you like invest in NKLA and then the SEC comes out and outright confirm they are a fraud and then they go all LK Coffee on you)

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Yeah, options are much riskier than stocks. The closer to the expiration date you are, the riskier they are.

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Nanis23 posted...

But how much money are you risking? isn't there like a chance to lose 100% of the money you invested in the call/put?
This isn't something that can happen in stocks
I mean..usually (unless you like invest in NKLA and then the SEC comes out and outright confirm they are a fraud and then they go all LK Coffee on you)

Only if you wait it out.

So for example I have roughly speaking 30,000 or so in my TRVN calls atm, which we will say I got at 30 cents (I did not get it quite that low) for easy sake.

Every one cent it goes lower, which happens if the stock goes poorly, I lose 1,000.

So usually even if there is a bad day it would only move the needle a few cents, which is bad but not 100%


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We are getting awfully close to the first time all my held stocks are going to show green overall in a REALLY long time.

C'mon XPEV I believe in you gain another $0.50.

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Ah fuck I should have held that ups call

Lol

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Everything chris does hes right so I'll copy his positions

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Well I mistimed aal badly but had the funds and faith to buy at the dip heavily to rebound. Also rip tailored brands

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So whatever goes up a lot also goes down a lot
And whatever goes down a lot in a mini stock market crash...will also go up a lot

Fucking Square up 12.5% in two days
Remind me this in the next mini stock market crash

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FedEx up 10% after hours. Hopefully someone here listened to me and bought some.

ADBE has earnings today too but not sure if they posted yet
I see +2% in after but it can be just random movement

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I suggest anyone who has extra funds lying around, put it into Snowflake tomorrow once it opens. Regardless of how much it grows before going public. I dont know how viable it will be long-term, but I reckon it will have a very quick skyrocket phase.

I believe you can get a limit order in beforehand so as soon as it's available it'll buy. That's what I did with RKT.

Haven't checked if Snowflake is available for that.

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Wondering if I should go back to TSLA
Musk is trying to pump Battery Day and looks like it might make the stock rise up to that event

Then we might see something disappointing like the Cybertruck but..up until then, maybe it's worth holding

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I mean fedex was obviously going to do well. Just depended how well. I think the ups play was better in general and I'm kicking myself for panic selling for like 20 bucks lol

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UPS had no chance of doing better than FedEx. Not sure why you would choose it over FedEx

Snowflake starting out at $120?

Too expensive. Recommend against buying at this time.

totally buying a put


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I'm tempted to buy more calls on travena

Chris, Sir is always right and I've already made 30 dollars

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