Board 8 > Stock Topic 19

(+) Yeah! (+)

Our community is growing almost as quickly as our wealth.

red sox 777 posted... Cathie Wood is also starting a space-themed ETF (ARKX) and SPCE has long been a holding in ARKK.

ARKK just sold SPCE the other day... not sure if it was all of it but I did see that in the daily email I get.

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I might just have low stress stocks for the next few days.

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Ah, it must have been ARKQ rather than ARKK. It's on the holdings list as of today.

https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK_AUTONOMOUS_TECHNOLOGY_&_ROBOTICS_ETF_ARKQ_HOLDINGS.pdf

I think what she does is buy and sell frequently to adjust the weights of the holdings.

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Okay that makes more sense, I should be checking that instead.

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tag

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Boy GME is taking a beating - is this the end of the road or a pit stop before another rally?

Volume is low so there might be a lot of "holding the line" but that doesn't mean much if the price tanks and the frenzy to buy is over.

I dumped some new money into my account so if I think this is gonna take off again I have a real good opportunity to get it cheap here, but I just don't know if that's the play.

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If it's still at $160 at open I'll buy a little more. Not my full line from before though because I like having a big gain on this stock locked in and don't want to give that up too much. I know, it's not that rational.

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Well I bailed just in the nick of time

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*sigh*

Should have left this shit alone when I had 100k. Make no mistake though what's going on. Order flow for AMC was 95% buys and 5% sells. This after hours shit is just hedge funds selling to one another to drop the price. It's called a short ladder attack that manipulates algorithms, and the chart for GME is basically identical.

I'm too scared of losing all my gains. I cashed out with my account at 75k like a pussy. This isn't fair but it's too much fucking stress.

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That's too bad Blur - I know it hurts. I think the risk management now is okay though - original bet was too big relative to account size. The thing about position sizing is that when the stock goes up, the position size grows by itself. So you would need to sell some to maintain the same position sizing as before.

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So this low volume plunge is taking us pretty close to the point where WSB could just own 100% of Gamestop for $1,000 average per subscriber. That's probably less than the typical WSB person's monthly budget for stupid YOLO bets that fail 90% of the time.

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https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack
https://youtu.be/RZHn--2wfwQ?t=11

Highly recommend reading that article and watching this guy go through exactly what happened yesterday (and what's happening now).

I'll get back in under 6.

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I bought into AMC at $12 a share. Only $100 so nothing I cant afford to lose, but still. Im just going to hold. Im hoping this thing has one last good pump in it.

worst case scenario Ill hold and sell the surge when theatres are back in full swing

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wallmasterz posted...

I bought into AMC at $12 a share. Only $100 so nothing I cant afford to lose, but still. Im just going to hold. Im hoping this thing has one last good pump in it.

worst case scenario Ill hold and sell the surge when theatres are back in full swing

Here here. I don't think we've seen the last of AMC. Or GME for that matter, but especially AMC.

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I see someone wants me to buy a shit ton of amc again.

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Alright, I got 2000 more shares at 9.15. Fuck it

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I am going to buy an ever loving fuckton of long calls. This is stupid.

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On one hand I lost $600 yesterday. On the other I would have lost $2000 if I held 12 more hours.

Ill call this a win. Kiiiiiind of interested in buying a little back

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Btw. I am in charge of my family's more aggressive investing. My partner is an accountant who does the usual stuff. I also only invest with money that if I lost 90% I would be upset but it wouldn't harm my family. I mostly invest with money from my business or previous earnings from prior investment. Never invest with money that will hurt your standard of living.

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Eh sure why not, bought back 100 shares. Think it keeps slumping but Im kind of interested at 9

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Also if you don't mind day trading gamestop is probably a w be a use wsb is autists (they call themselves that)

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Market has been big green the past two days. Makes it tough to get in.

Ok amc stay cratered so I can buy long calls for stupid cheap kthx

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If you want to spin the trend wheel I bet our favorite marine stock can make some profit

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Okay so I am slowly figuring out my platform lets me to these trading choices. Can someone explain what they mean?

Here is a scenario I just drafted. If I hit submit, what would this mean?

Sunroof posted...

Here is a scenario I just drafted. If I hit submit, what would this mean?

You are paying $108,000 to buy 90 calls at a strike of $14 expiring Friday. Each call gives you the right to buy 100 shares of AMC for a price of $14. That is a total of 9000 shares of AMC. If AMC is below $14 at close on Friday your calls expire worthless, resulting in a loss of 100% of your investment of 108k.

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You are betting on amc hitting 14 by Friday. If the stock goes up this will be worth more. If it goes down it will be worth less and less. This is a risky call as it is close to date

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Lmao. Okay, well what if its over $14?

AMC on the comeback. Let's get that shit to 15 again

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Think of it like this. Say amc opens at 10. You buy. It goes to 12. Your contracts will be worth more and you sell and move on

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Interesting. So Buy to Open just means picking a stock and predicting when it will hit a certain value by? And if its under the value by the date then I lose it all, but if its over the value (regardless by how much) then I gain?

Sunroof posted...

Lmao. Okay, well what if its about $14?

At exactly $14 your calls are worth zero. For each dollar above that it goes, they increase in value by $9,000.

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Sunroof be VERY CAREFUL with options. I would advise never buying and never selling them unless you have the collateral

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Oops, I meant over. Okay, so the more over the Strike price, the more I gain.

Yeah short term options is how I lost a fair bit of money last year now long calls are a new favorite of mine!

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Im not. Im just trying to understand.

So long calls are doing what I did in that draft, except you choose a date super far down the road? And the farther down the road you choose, the less gains you have since its less risky?

Yes, I would strongly suggest you do NOT play with these until you have understood them better. They are literally the single easiest way to destroy wealth.

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What would happen if you bought that? You would have lost a ton of money

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What would happen if I pick a very low strike price with a very long expiration date, essentially guaranteeing itd get hit?

Sunroof posted...

What would happen if I pick a very low strike price with a very long expiration date, essentially guaranteeing itd get hit?

Then it gets closer and closer to just owning the shares. A share is basically a call with a strike of zero that never expires. But buying any option will always be riskier than owning shares.

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red sox 777 posted...

Yes, I would strongly suggest you do NOT play with these until you have understood them better. They are literally the single easiest way to destroy wealth.

This. I started off paper trading options before I delved into the real thing.

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Interesting. I think to truly understand this, Id have to experiment with incredibly safe stocks and safe options and just see what it results in.

Sunroof posted...

Interesting. I think to truly understand this, Id have to experiment with incredibly safe stocks and safe options and just see what it results in.

Or watch a few YouTube videos. Why stress yourself out with real skin in the game before you even understand what you're doing (unless you like the thrill... which I'm guessing you might lol)?

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I would recommend watching youtube videos for a couple hours before putting in such a stake yourself.

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Well anyway, I just bought Tesla like I said I would in the last topic. Plan is to hold and hold and hold (aka sell the moment anything marginally good or bad happens).

YouTube videos are a good idea. I didnt think of that. Ill check those out

CaptainOfCrush posted...

(unless you like the thrill... which I'm guessing you might lol)

That has not been my impression of moonroof at all <_<

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