**OFFICIAL** Trading and Investing Thread- Part -XII- Money Printer Go BRRRRRRRR

[Heaney]

Yeah good examples chino. Especially cloud services. I need some long term cloud.




Just remember that if your account balance at any point drops below 25k while your flagged as a put then you won't be able to trade.

Really??? Idk man I think its one of the best long term holds. Housing prices are cyclical so its possible they go down if we get more severe housing crisis or whatever. But they're just so dominant in its sector



Yeah same especially since I sell a lot of spreads and puts so when they expire. I'll have some cash flow

However I've been trying to be more selective lately. Especially with spreads.

Under rated cloud stock: DataDog. Have absolutely demolished earnings and are almost up 200% YTD

[Harry362]

Up 6500 on PLTR still holding 1000 shares

[Heaney]

Up 6500 on PLTR still holding 1000 shares

Das it! Good job dude, I remember you and I in the summer saying we'd go all in if Palantir went public. Kinda mad that all my money was tied up at the time.

[ontclone]

inflation does take time but if people start realizing that inflation is getting out of control then the market has a potential to tank. Warren Buffett the godfather of investing isn't just investing in gold which he said is useless for no reason, it is hedge for inflation which it is bound to happen. Markets have to follow the the economy somewhat. When the market has very high expectations for companies that cant sustain market input, because people arent working as much or buying goods, everything goes crashing down

[Heaney]

When the market has very high expectations for companies that cant sustain market input, because people arent working as much or buying goods, everything goes crashing down

This must be why tech hit ATHs during a lockdown right?

[Harry362]

Das it! Good job dude, I remember you and I in the summer saying we'd go all in if Palantir went public. Kinda mad that all my money was tied up at the time.

I’m not sure what to do tomorrow. Hold or sell before earnings.

I originally decided not to trade this when I bought it and will just invest 10k into it regardless of early fluctuations. I’ll prob stick with the plan for once rather than dumping or selling calls. Idgaf if they haven’t turned a profit in 17 years. If there wasn’t something big developing then they wouldn’t have lasted this long IMO and the crazy hair guy has legit credentials.

[TugOfPeace]

I’m not sure what to do tomorrow. Hold or sell before earnings.

I originally decided not to trade this when I bought it and will just invest 10k into it regardless of early fluctuations. I’ll prob stick with the plan for once rather than dumping or selling calls. Idgaf if they haven’t turned a profit in 17 years. If there wasn’t something big developing then they wouldn’t have lasted this long IMO and the crazy hair guy has legit credentials.

Surprisingly today there were no major dips, not sure if that will be the case tomorrow. I imagine there will be a lot more selling leading up to earnings at some point though. If I were you, I'd take profit before market opens then buy back in one one of the dips.

1)If you don't take profit early morning - your only potential profit is whatever earnings yield, if anything, and your downside is not locking in any profit at all and getting slaughtered post earnings

2)If you take profit early morning - your potential profit is what you took in the AM, followed by any further gains you make from a potential dip, followed by anything from earnings. if earnings are chit atleast you locked in profit in the AM

I'm going with option 2. if no dip, just not buying in. not risking earnings, chit is like tossing a coin these days. Trump could release some major chit saying Biden didn't win tomorrow and PLTR could take a huge hit

[mike.hunt]

Sold all RKT shares and calls today for huge loss. Never touching it again

Gonna go double or nothing on PLTR poots YOLO

[Heaney]

I’m not sure what to do tomorrow. Hold or sell before earnings.

I originally decided not to trade this when I bought it and will just invest 10k into it regardless of early fluctuations. I’ll prob stick with the plan for once rather than dumping or selling calls. Idgaf if they haven’t turned a profit in 17 years. If there wasn’t something big developing then they wouldn’t have lasted this long IMO and the crazy hair guy has legit credentials.

I'm of the belief that they chose now to go public because they're going to announce a profitable earnings report, just depends whether or not the run up this week was pricing their earnings in already or not.

[RobParks2M]

This must be why tech hit ATHs during a lockdown right?

tech was considered safe haven. no idea why unprofitable tech got lumped in.

Sold all RKT shares and calls today for huge loss. Never touching it again

Gonna go double or nothing on PLTR poots YOLO

LOOOL in4 massive gap up

[Heaney]

Sold all RKT shares and calls today for huge loss. Never touching it again

Gonna go double or nothing on PLTR poots YOLO

I chickened out of my RKT for a $40 gain because I'm a pussy and clearly a baller lmao.

[taf1968]

Holding RKT & PLTR. Not into them with huge $$ . . . a few thousand, so holding and will see where they go long term.

The vast majority of my 401k and taxable accounts are in funds, so the % I have in individual stonks is pretty small in the grand scheme of things. But trying to make some gains where possible.

[taf1968]

Just checked my 401k . . . got $500 to go before I'm maxed out for the year. Since I'm old as phukk, I get the catch-up contributions the last couple years. Company will have put in right around $7k in matching for this year by the time it's done.

Time flies, boyos. Pay yourselves first.

[johnnyboi123]

I feel like RKT has established a good support at 20-21. Seems like it's building up steam to have a big move up in the next few days/weeks. Or it could slowly bleed out again back to 19. Ugh.

[SipNPiz]

Why does everyone expect big moves from rkt?

[topperstyle]

Jumped in pltr for ****s and giggles lmao wow

[Galindo62]

Why does everyone expect big moves from rkt?

Feminine intuition.

I do expect big move. But over a ten year period lol.

[BHall1991]

Why does everyone expect big moves from rkt?

Cause technology is great at reducing inefficiencies. As someone who just baught a new house that process is slow and antiquated which also hampers your ability to buy the house you want.

[twovalvekid]

Cause technology is great at reducing inefficiencies. As someone who just baught a new house that process is slow and antiquated which also hampers your ability to buy the house you want.

Guess you had a chit mortgage broker. LOL. It can hamper your ability to purchase a house compared to someone....who is paying cash.



RKT is apparently just one of the biggest processors. Going through a refi right now, and my current broker does basically everything online....so im not sure the difference between her and RKT other than having a real person?

[Harry362]

just got the hookup on a PS5 with no preorder, winning

[DeputyDong5]

Venom no where to be found, eh? Especially after Monday. "March lows incoming". JFL. You live and you learn... well most do.

[MillerDecaXC]

Lot of potential bad news? Ok...

And yes, 100% invested. Well, I mean, I work and have passive income from rentals, so there is always potential to put more in. But iirc you are trying to find stocks with enough dividends to not have to work, right? Just think, you could've already been balls deep in those stocks and have yielded some of those dividends, and you could have made supplemental income by selling covered calls.

To each their own, but trying to time the bottom is just as hard as timing the top...

I’ll admit, I don’t know what a covered call is. Cliffs?

The dividend stocks I’m Looking at are not much higher than their March and/or October lows So I can still get in now with good yields but I’m not about to dump it in right now near all-time highs with No vaccine approved, a Democrat taking office talking about shut downs and covid worse than it was I’m march and we’re not even close to winter yet.

I should also note that I only just acquired $48k of my cash a few weeks ago or else you damn well know it would’ve all been invested in March.

What do you recommend I do?

[twovalvekid]

Venom no where to be found, eh? Especially after Monday. "March lows incoming". JFL. You live and you learn... well most do.

Never responded to this....tends to run away when cornered or asked serious questions.

Yup. It's funny. ERMAGERD BIDEN WILL BRING DOWN EVERYTHING!



Bruh....time to take a break. Seriously.


What's next? 5G is going to kill us all?

Oh yeah....we already did that.

[FL_Z32]

I’ll admit, I don’t know what a covered call is. Cliffs?

The dividend stocks I’m Looking at are not much higher than their March and/or October lows So I can still get in now with good yields but I’m not about to dump it in right now near all-time highs with No vaccine approved, a Democrat taking office talking about shut downs and covid worse than it was I’m march and we’re not even close to winter yet.

I should also note that I only just acquired $48k of my cash a few weeks ago or else you damn well know it would’ve all been invested in March.

What do you recommend I do?

Dump it all into BABA and sell weekly covered calls for nice premium. A covered call is when you get paid an amount (the premium), but are then obligated to sell 100 shares x the number of calls you sold at the "strike price". These option contracts all have a date of expiration. If the stock price does not move higher than the strike price, the call will expire worthless, and you would just keep 100% of the premium you got paid.

IE - You buy 100 shares of BABA at $270/share. You sell a $280 11/20 call for $330. If the stock price stays below $280, the call expire worthless and you keep all the premium. If stock soars to $350, you still have to sell your 100 shares at $280. Your "break even" price is the strike price + the premium you're paid, which in this case would be $283.30

[Heaney]

Venom no where to be found, eh? Especially after Monday. "March lows incoming". JFL. You live and you learn... well most do.

Pretty sure he posted on Monday and Tuesday both.

[Heaney]

WTF wanted to buy NINTENDO and its OTC ffs. Not supported by Canadian TFSA accounts. Fuk me.

[twovalvekid]

Post your positions plebe.

Lol. Just saw this in looking for the above post.

JPM
VZ
TSLA
ANTM
AMD
AAPL
OPES
AMZN

Between 2 accounts it's roughly 400k.

[SazabiBrah]

Lol. Just saw this in looking for the above post.

JPM
VZ
TSLA
ANTM
AMD
AAPL
OPES
AMZN

Between 2 accounts it's roughly 400k.

Mirin! How old are you?

[twovalvekid]

Mirin! How old are you?

36 on monday. lel.

I've got about 70 in checking that im floating for a refi going on right now, of which i will need nowhere near that amount so im hoping to x-fer back once done.

[TugOfPeace]

Lol. Just saw this in looking for the above post.

JPM
VZ
TSLA
ANTM
AMD
AAPL
OPES
AMZN

Between 2 accounts it's roughly 400k.

Do you work? If so, why not quit and just day trade?