Board 8 > Stock Topic 32

(+) Yeah! (+)

Just sold a $33.50 put on RIOT for $3,600 premium (around 2.7% gain). This seriously seems too easy and it worries me that Im going to get bit.

I don't know if anyone went into SESN
But..RIP

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Seriously just thinking of buying 100 shares of Visa and calling it a day for a few months

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Been quite a tough last 4 days in the markets for my stocks. Not sure why.

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ow my SOFI

bought $1,000 more of it

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Cardano is a monster holy fuck

Yup. That one is crushing it!

Gonna yolo some 13p 8/20s on SOFI

Lockup is expiring tomorrow so another 10% dump is...not too unreasonable

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GVSI taking off.

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ChainLTTP posted...

sold GVSI for some nice gains yesterday

might swing trade this one

=(

ChainLTTP posted...

Cardano is back over $2! Thanks Extha!

No problem!

THANK YOU for talking me out of dumping my LINK. Was super happy to see it above $30 for a bit this morning!

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ExThaNemesis posted...

No problem!

THANK YOU for talking me out of dumping my LINK. Was super happy to see it above $30 for a bit this morning!

I gotchu

I expect it to be steadily over $30 for the rest of the year

Checked my Coinbase for the first time in a month and was glad to see half of my portfolio is Cardano! Nice.

I did a lot of movements when things were crashing so glad the ones I stayed in recovered nicely.

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Im happy to be in crypto but man Bitcoin seemed to be the least best since getting in a few months ago.

Sunroof posted...

Im happy to be in crypto but man Bitcoin seemed to be the least best since getting in a few months ago.

I'm pretty sure we've recommended other tokens. Even if you want to stay in one of the higher market cap options it's probably not too late to switch to Ethereum before the proof of stake switch gets flipped.

Bitcoin still has some innate advantages as the largest name in the game, but it's only natural that it's very public environmental concerns will continue to hold it back.

Now my approach to crypto has been different to most others here. I'm very active buying and selling in small amounts (around 2% of my liquid total if I can help it) and I keep a portion of my profits as USD gains and the other portion of profit I keep in crypto. It's a very small amount each time, but it adds up. I earned a fair bit of VTHO for example by making a lot of trades when it was around .0060 - .0070, and now that it's back to .0150~ those gains that I left in crypto have more than doubled in value. I've been refining my approach since I started in late march and I just recently hit the point where i've doubled my initial investment. Naturally there are other, riskier ways to more than double an investment in that time, but because each individual transaction represents such a small portion of the total I feel like my risk at any given point is very low. Obviously I don't expect to continue to double every 4 1/2 months, but most of my balance at any given point is in USD so I'm never empty handed when an opportunity to buy a dip comes along. It has been a learning process though. Initially I was using 5% of my total as my buy-in, and I found myself running into a wall where I would miss opportunities because I was still waiting for a fluctuation to get out of some positions that I'd been waiting on, but since scaling down to 2% things have been much more smooth. I'm also not sure I'm going to stay at 100% gains because my running total has had an ebb and a flow to it, but when the tide rises I realize some gains, and when the tide is going out I expand my total number of tokens for "free" by selling a portion and rebuying more total tokens for less total cost. Obviously if I were psychic or crazy I could just put 100% of my investment into a token I liked and cash out when it doubles and accomplish 4.5 months of work in a single day, but I'm much more comfortable nickel and diming at risk levels I can tolerate.

The 6 tokens that I've been buying/selling the most have been: ADA, VET, VTHO, ALGO, ATOM and DOGE.

ADA because I believe that it's really going places and it has enough support to dominate the market cap some day (possibly even soon).

VET and VTHO because VET seems to have enough practical application that I believe it is going to stay relevant and VTHO is used as a fee in the VET ecosystem so it will continue to have regular use. Also for staking VET I end up with some free VTHO each month so that's a nice bonus.

ALGO and ATOM I don't know as much about, but they both have staking rewards on binance as well so even when they aren't performing as well or even when i get stuck with a larger position while I wait to turn a profit I end up collecting bonus tokens that will pay dividends long term.

And DOGE because I realized a lot of profits in DOGE back when it was trading at 7-8 cents and it has still continued to fluctuate enough that I can regularly turn a small profit on it at least once a week. It's long term viability is questionable so this is one I may simply cash out all together if it makes a big run, but for now I have continued to keep half of my profits as DOGE when I trade with it.

So on such occasions where I've bought into all 6 I only have 12% of my liquid total invested, which gives me the freedom to invest an additional 2.2% per stock to buy a large enough dip and average my costs down which puts my total to 25.2%. Effectively I can afford to buy 4 separate dips in all 6 tokens before running out of money and by that point the price would be such a small fraction of where it began so my confidence to recover to my new average price would be high. And when the prices recover I will naturally end up profiting less than someone who was psychic and waited for the bottom price before investing anything at all, but since I'm not psychic I have to content myself to do it this way.

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I forgot where specifically in fintwit I saw this, but ethereum was likened to bitcoin with more beta. Same with alts in relation to eth. Couple that general trend with discrete news events and there's the out-performance.

Though, if you look to the bitcoin dominance chart you'll find risky money moving back into btc in bearish times.

So like anything else, it's all about your risk appetite.

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Im holding my position until 2022 for the tax relief so its too late for me to sell anyway. I dont have any money liquid remaining to put elsewhere since I have the rest in RIOT puts which is a weekly money machine.

Menji posted...

GVSI taking off.

I've recovered my initial investment so holding the rest for something big.

@StartTheMachine any news on what caused the spike today?

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Menji posted...

I've recovered my initial investment so holding the rest for something big.

@StartTheMachine any news on what caused the spike today?

There was a filing last week that seems to indicate financials may be ready and it can go pink current anytime (which would allow it to be bought on all brokerages). And now there's speculation that the merger is with SwappFi or SwappFi adjacent. Their twitter retweeted people talking about GVSI, which is very interesting to say the least.

I've been basically doing nothing but holding this stock for months, so I've been waiting for this! I sold some today at .49 because I had some shares that were wash sale'd at one point months ago giving me that average, even though I never bought that high (my initial investment was in the double zeros if you remember!). So I'm trying to get rid of those to buy cheaper. So far I already regret my decision and feel naked without 2 million shares lol. We'll see what happens. I'll buy .04 - .045 if I get the opportunity. A merger could happen quick once it's current. IIRC, Sharp only took a week to announce TSNP would become HMBL after it went current.

Hope you guys have been making some nice gains lately. Crypto has been killing it as well.

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My current break down for crypto is like 60% ETH, 20% Ada, 10% BTC and another 10% random stuff that I don't know much about. I think ETH is the way to go but I see growth in Ada. BTC is what it is, and the randos are just to feel good when some altcoin spikes.

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greengravy294 posted...

Gonna yolo some 13p 8/20s on SOFI

Lockup is expiring tomorrow so another 10% dump is...not too unreasonable

same

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Ow my portfolio

Bad losses today. I guess it's because of what's happening in Afghanistan and because of some retail companies like Home Depot not doing so great.

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All of my gains on my Roth IRA have now been erased. Technically the shares are at a loss because I earned dividends from them too.

Scary stuff. Might drop in some more cash though.

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Yeah, 8th red day in a row. Oh well, hopefully it turns around soon.

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Only question is, do I buy the dip or will it keep dipping?

I have been reading that we could face a correction because of the Delta variant, bad retail numbers, and Afghanistan.

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ADA from 2.10 to 2.32 in the past few hours. Going to be approaching ATH territory again. I'm going to continue to enter and exit positions for fractional gains. It's hard to predict how much of the gains this past week are permanent and how much are built on the hype of the smart contracts coming September 12th. I wouldn't be surprised if ADA continues to run until September 9th-11th only to have a correction on the day of or shortly after the smart contracts go live. But depending on how much of a run we experience it's very possible it will retain much of the gains.

...It's also possible they experience technical issues and have to call for a last minute delay which would tank the price as well. Crypto friends with ADA I'd advise you stay alert these next few weeks and do what you think is best.

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I'm kinda excited for this dip as I withdrew a lot of money from the market a couple of months ago for my startup business expenses-- now that venture has panned out and I'm about to start making a lot more money. September I should be primed to make some good investments if the market continues to die until then. Going to be eyeing 2024 LEAPS when they start coming out. Some stocks of note I'm looking at for my LEAPS.

BA
BIDU
BP
COUP
CPNG
DIS
FUBO (but of course)
GE
HA
SABR

Any other stocks anyone is feeling bullish on to recover/grow a lot in the next few years?

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I dunno maybe just hold Ada for a few years

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neonreaper posted...

I dunno maybe just hold Ada for a few years

This... I am not going to allow myself to be in a scenario where I sold at $3 and it's now a $20 token

rgbp still lookin good

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ChainLTTP posted...

This... I am not going to allow myself to be in a scenario where I sold at $3 and it's now a $20 token

With as much as it's fluctuating you could be in a position where you sell (some) at $3 several times and rebuy a larger stake at $2.50 for the same price. Even if you mis-time the peak and get off the rocket early with a portion of your stake I personally feel like the upside has been worth it.

Edit: Also i don't think $20 is in the cards any time soon unless the supply of ADA fundamentally changes or until ADA gets adopted by many other things.

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If riot pulls this week off for me

Cardano

Speaking of low price highly fluctuating investments CREX has fallen low enough that I'm really tempted to pick up a bunch to swing trade it when it doubles.

A company with a soundly positive EPS already with growth prospects on top of that really shouldn't be anywhere near $1.

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Lopen posted...

Speaking of low price highly fluctuating investments CREX has fallen low enough that I'm really tempted to pick up a bunch to swing trade it when it doubles.

A company with a soundly positive EPS already with growth prospects on top of that really shouldn't be anywhere near $1.

This is how I feel about GSMG. Super sound financials and growth yet it's gotten beaten into oblivion. The big difference is EPS was down for GSMG last earnings while everything else was way up, so they're spending a bunch of money to fuel growth. The results are already showing though, so it seems like the best time to buy. I picked up a bunch as it dipped into new 52 week lows.

I'm gonna snag some CREX too after checking those earnings. Might buy warrants in both, but they seem to both have abnormally illiquid warrants and those are already notoriously illiquid. Odd. I've flipped GSMGW before though so it's probably worth doing again.

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Its crazy how so many of these small companies can have good numbers behind them but still not blossom into a productive stock.

I fully expect to hold most of my CREXW until Nov 2023 and convert them to stock at that point so liquidity isn't a huge concern of mine. I really think the SP is going to be WELL above $5 at that point (I believe the strike on the warrants is either $4.50 or $4.35 or $4.85) and with actual positive EPS I think it's likely it'll put out dividends at some point. Probably a very modest one until it really starts to roll but I'll gladly enjoy a $0.02 dividend if I have 10k shares. $800 a year to hold a stock you think will keep growing sounds great.

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Did CREX ever announce that deal with 7/11?

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No. Not sure what the holdup is. I assume the execution is being delayed due to COVID and semiconductor shortages. Part of me is suspecting 7-11 isn't the company at this point but the revenue number it expects to bring in is still massive so it mostly matters for hype spikes anyway (though 7-11s international presence would give it baked in growth so I'm still hoping it's them)

Anyway me I just see around $0.1 EPS without that deal announced or generating revenue yet, guidance that has 8000 more SAAS display endpoints being added, double what they expected last quarter, and think this stock price is nonsense, so I'll gladly buy some shares to swing trade even if I dont particularly want more warrants (already 13k deep in them)

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Sold a $31 put on Riot for another $3k.

It's been interesting watching people LOSE THEIR MINDS about OnlyFans ditching sex workers the past couple of days. The key issue is that banks applied pressure on them to adapt their policy so they could keep using them for payments and it just made me think...

HMMM if only there was a type of currency that let you bypass banks altogether currently in the beginning stages of mass adoption... if only.

But then I remember most of the people screeching about onlyfans are also brainwashed into thinking Bitcoin Bad coz environment

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Banks have already stopped processing payments for people with the "wrong" political views. Crypto is one of few weapons to fight against that kind of fascism.

Onlyfans is the epitome of the parasocial relationships that started to exponentially ramp up you know when, so it ending its sex content is beautiful

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ADA is OP.

Yeah this is bonkers. Starting to consider what FD said and unloading some at $3...

Yeah Im getting tempted to sell my BTC, Im up around 40%. It has to fall at some point.

Like, I can sell it for $75k right now. Then I could put it all in my vanguard account which would put me around $375k. I could then use that $375k and sell RIOT puts/calls every week for ~2.5% premium ($9300). Thats crazy money and more (and safer?) than if I left it all in BTC?

You know you only want to do that for the dopamine hit you junkie. Have at it!

Sunroof posted...

I could then use that $375k and sell RIOT puts/calls every week for ~2.5% premium

I'll believe it when i see it.

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The downside is that BTC can go up 10% in two weeks whereas RIOT would only net me 2.5% twice in those two weeks. Very bad to put all your money on one stock, but I feel like riding RIOT options is as safe as one can get if you believe in crypto.