**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION

[kusok]

It's crazy that we are here in the stock market. Without a doubt, it's the work of the feds/central bank. Is it for political reasons or just keeping some of these banks afloat, who knows. The fed clearly isnt that serious about getting inflation to 2%. I wonder if trump wins, if the fed will become more serious about trying to get to 2% inflation and tank the market. The economy is a lot weaker than whats being suggested. Starting to see cracks in housing in certain markets. FLorida, Phoenix, and Texas are seeing large increases in inventory and more price cuts. A lot of lenders are beginning to pull the plug on CRE operators. Wouldnt be surprised to see small caps keep going up. I do think we are entering an increasingly more inflationary period so its surprising that the long bond isnt higher.

What is crazy tho?

[TugOfPeace]

As for ZIM, my recollection is you bought during the $17.00 div when it was trading at $77.00. It dipped to $6.30. Subtract the $33 in div you received, you were still down 85% at one point. Be realistic, this was not a good trade in anyone's book, regardless where the price is now.

I made my purchase of ZIM over two years ago. Out of curiosity, how do you recall the price I bought it at? My post history from back then was wiped, so quite odd for you to remember. Or is the misc discord collaborating to come up with this info? Wouldn't be the first time.


Also, another question. Let's say the position I'm holding in SABS, which I initially bought at $1.80 and is currently trading at 5 cents/warrant, goes up to $100 overnight, and I make $1.8 million USD after bagholding it for two years. Is that a bad trade?

[usersignup2]

I made my purchase of ZIM over two years ago. Out of curiosity, how do you recall the price I bought it at? My post history from back then was wiped, so quite odd for you to remember. Or is the misc discord collaborating to come up with this info? Wouldn't be the first time.

lol. chillax dude.

I remember that you bought just before the big dividend. I looked up that date on the chart and then I saw the price on that date.

[TugOfPeace]

lol. chillax dude.

I remember that you bought just before the big dividend. I looked up that date on the chart and then I saw the price on that date.

Intredasting. I am chill, you saw my initial response to your comment whenever that was. I was just thinking about it and noticed the oddity of knowing the exact price.

[RobParks2M]

Should have bought TLT $92p for 6/28 today. Got busy before market close and forgot to throw out a bid. Hope it hits $95 Monday morning and I’d consider switching to $93 this has ran up too hard. There isn’t a cut coming till end of the year and that will drop us to 5%. Why are rates hovering 4.3 already.

And it already doubled this morning. Bummer. Might chase it anyway.

[stockbruh]

PLTR only goes up when I have covered calls open

[usersignup2]

Also, another question. Let's say the position I'm holding in SABS, which I initially bought at $1.80 and is currently trading at 5 cents/warrant, goes up to $100 overnight, and I make $1.8 million USD after bagholding it for two years. Is that a bad trade?

if your trade/investment thesis is A and over time the thesis in your mind becomes B, all the while being underwater and you continue to hold, then regardless of the outcome your trade management was poor.

If your thesis is now B and overnight the stock performs as A without you knowing or expecting, then that is luck. Luck is not a good trade. Why? It is not predictable nor replicable. Don't confuse outcome with your actions during the trade. Example: during a football game, your team throws 5 interceptions and fumbles the ball 10 times. Your team wins the game by 3 points. Did your team play a good game?

The key is conviction during the time it goes from $1.80 to $0.05. How do you know if you have the same conviction? Are you adding more to your position? Do you have regrets about the trade? Do you now consider your trade a Hail Mary?

[NestBrah]

~4400(-20%) is the bottom end of my target, ~4800(-12%) is the top end and will be my initial target, you shouldn't expect ~4400 but it could happen.

The S&P went down ~6% in 15 trading days from 03-28/04-19 so it's not a huge ask for 12% by 07/31.

There are many things that can cause it but it is harder to pin down due to Biden's America lol.

When's this crash coming dude? Getting impatient lol

[GeneralSerpant]

PLTR only goes up when I have covered calls open

The stock blew up and crashed a long time ago amid speculation that it would be the next Microsoft. Nobody has a problem with the prospects, but it’s not going far until earnings reports start backing it up.

[SipNPiz]

Crude over $80 again, I think low 90s is a good time to short everything

[dankydank]

Crude over $80 again, I think low 90s is a good time to short everything

I got oil calls when this chit bottomed at $72 and oil stocks are all flat since the 10% move up on crude

[kusok]

Fooling around a little bit with an options bot today, with way under 1% of my portfolio, lotto trades and all, I don’t know how you guys can handle it lol, being down or up hundreds of dollars in a matter of seconds, you can get a heart attack like this, it worked out profitable, but I think it’s because it’s a green day and I had to sit there at my phone and watch the one minute chart like a hawk, combining my own analysis with the robot’s, don’t get this kind of luxury regularly with a young toddler.

[kusok]

PLTR only goes up when I have covered calls open

a lot of it is by design, roll that shiet breh. We all gonna make it.

I sold some covered calls on some of my wife’s Pltr as well, but I rolled it very aggressively to $28 it would have to go up nicely for me to get assigned, not gonna feel bad, it’s gonna be a good profit, but I’m probably gonna roll it anyway again.

I sold covered calls because my thesis was that Pltr is going to be range bound for a while, with all the stock based compensation and other issues.

Inb4 pltr goes to $500 and Elias has an orgasm while we cry in the corner.

[SipNPiz]

Fooling around a little bit with an options bot today, with way under 1% of my portfolio, lotto trades and all, I don’t know how you guys can handle it lol, being down or up hundreds of dollars in a matter of seconds, you can get a heart attack like this, it worked out profitable, but I think it’s because it’s a green day and I had to sit there at my phone and watch the one minute chart like a hawk, combining my own analysis with the robot’s, don’t get this kind of luxury regularly with a young toddler.

Only time I’ve gone heavy on options was so I didn’t miss out on a run up on some stocks I sold, otherwise I too treat it like lotto tickets, overall I’m up tho on options which I’d say is rare. Most people meme trade options

[RobParks2M]

I got oil calls when this chit bottomed at $72 and oil stocks are all flat since the 10% move up on crude

What options you got?

[dankydank]

What options you got?

Got OXY 62c 8/26

Was up around 60% last week now around 10% after it dumped while crude pumped

[stockbruh]

a lot of it is by design, roll that shiet breh. We all gonna make it.

I sold some covered calls on some of my wife’s Pltr as well, but I rolled it very aggressively to $28 it would have to go up nicely for me to get assigned, not gonna feel bad, it’s gonna be a good profit, but I’m probably gonna roll it anyway again.

I sold covered calls because my thesis was that Pltr is going to be range bound for a while, with all the stock based compensation and other issues.

Inb4 pltr goes to $500 and Elias has an orgasm while we cry in the corner.

How do I roll them? I’m a self taught options trader and by self taught I mean I taught myself how to calculate the premium and that’s it.PLTR has some momentum I can see it going to 30$

[GeneralSerpant]

Inb4 pltr goes to $500 and Elias has an orgasm while we cry in the corner.

Yeah I don't see why not if everybody else sees it that way, so I'm not going to buy it until it's actually on its way.

[stockbruh]

People in here still buying sofi? Tempted to get back in

[kusok]

People in here still buying sofi? Tempted to get back in

Not in. I’d only do like 1% of portfolio lol

Just in case.

[kusok]

How do I roll them? I’m a self taught options trader and by self taught I mean I taught myself how to calculate the premium and that’s it.PLTR has some momentum I can see it going to 30$

Most brokers allow you to roll up and out in one transaction, if not, then you can just buy your current call at a loss and sell a new one at a profit where you’re net positive a.k.a. making money,

you can roll aggressively six weeks out all the way to $30 or whatever, And see if you’re still making money, or you can roll little by little 50 Cent or one dollar to next week one week at a time, and then you just wait for the mean reversion, meaning pLTR will definitely go down at some point, allowing your in the money call to kinda catch up.