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03-03-2021, 04:00 PM #3331
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03-03-2021, 04:15 PM #3332
I made a separate account for options and a lil bit of gambling. Turned $1k into $12k with calls only on PLTR during the run up to 45. Now I'm at $500 ffs
Yeah I had a separate account for options only lol
Haha man I don't even have the option to hold. My calls just expire worthless.
Yeah my last 4k is in just PLTR stocks, I can't even sell them cuz then it would be selling lower than what I bought it at.Last edited by LCBOLeo; 03-03-2021 at 04:23 PM.
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03-03-2021, 04:16 PM #3333
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03-03-2021, 04:23 PM #3334
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03-03-2021, 04:24 PM #3335
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03-03-2021, 04:26 PM #3336
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03-03-2021, 04:39 PM #3337
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,108
- Rep Power: 235077
Imagine how much money is changing accounts on a daily basis and just the sheer amount of fees etc banks/brokerages must be raking in on the huge increase in trading volumes
Today Person A wins and Person B loses, tomorrow Person B wins and Person A loses. Money changes accounts but there's one party who always wins in the end -- companies facilitating the trades
The whole GME fiasco and all this insane volatility is probably the big bois playing 4D chess with the banks/brokerages to increase retail trading interest and boost their revenues
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03-03-2021, 04:44 PM #3338
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03-03-2021, 04:47 PM #3339
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03-03-2021, 05:06 PM #3340
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03-03-2021, 05:28 PM #3341
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03-03-2021, 05:38 PM #3342
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03-03-2021, 05:41 PM #3343
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03-03-2021, 05:55 PM #3344
sitting through these bearish portions of the market was easy before I learned about WSB, this thread, and "active" investing
used to just throw stuff in ETF and check in once a month
now constantly glued to the screen and fomo'ing watching WSB pump and dumpers make $100k per trade on blood red days+++ Positive Crew +++
♬♫♪ Music crew ♪♫♬
**** PC Master Race Crew****
Misc Photography Crew
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03-03-2021, 06:09 PM #3345
- Join Date: Aug 2010
- Location: State / Province, Canada
- Posts: 11,348
- Rep Power: 52651
Don't spend time going over gain posts that get upvoted to top.
9 million subscribers on wsb someone will always be on the right side of the trade.
look at both to get reality check that trading is not easy (especially what wsb loves to do weekly calls)
compare these two
https://ns.reddit.com/r/wallstreetbe...ct_sr=on&t=day
vs
https://ns.reddit.com/r/wallstreetbe...ct_sr=on&t=day
you will find gems like this
yesterday those calls were worth $120K and he didn't sell.
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03-03-2021, 06:44 PM #3346
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03-03-2021, 06:53 PM #3347
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03-03-2021, 07:22 PM #3348
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03-03-2021, 07:36 PM #3349
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03-03-2021, 07:41 PM #3350
Appreciate it I know what to avoid looking at, but it's like a car crash - you just can't stop looking
Were you the one I was discussing covered calls and thetagang with earlier?
All the calls I sold are down 70%+, could easily rebuy for profit, but then what do I turn around and do?
To get more value I would have to sell lower strike prices (probably below my cost basis), or sell further out strike dates (odds that market gains 20% back by April, May, etc?)
not sure which is better or how to take advantage of buying to close CC's+++ Positive Crew +++
♬♫♪ Music crew ♪♫♬
**** PC Master Race Crew****
Misc Photography Crew
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03-03-2021, 07:43 PM #3351
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03-03-2021, 07:49 PM #3352
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03-03-2021, 08:30 PM #3353
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03-03-2021, 08:34 PM #3354
Ok so to me that’s a good thing. It means we can predict what will happen. For example I saw RKT going up and I bought it at 29 and sold at 40.
I’m trying to figure out how it going up and then down is somehow bad? To me it’s free information. You see a stock is “hot” and you can tell it’s definitely gonna go up and then you sell when you think it’s reaching or at the top.
If you know what it’s gonna do thats more than enough info to trade it. So what if it goes down eventually? At least it went up to which means trading opportunity. As opposed to a stock not being “hot”. It’s better for it to rise and fall than to never or rarely rise in the first place.
So I’m confused how some of you bros see that as a derogatory term.
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03-03-2021, 08:37 PM #3355
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03-03-2021, 09:05 PM #3356
I’ve decided the first thing to happen...
Let’s play a game. Next Tuesday we will have more significant shakes to tech, ev, etc. that are exacerbated Wednesday and Thursday, and could spiral the fuk out of control. Who wants a cookie for informing the misc the reason why?
Hint: The markets always underestimate the role of the marginal buyer.
Edit: I’m feeling a little jazzy tonight and down to drop some truth bombs.
In the long term there is absolute brilliance to the govt contractor portion and prevailing misconception of PLTR as a defense IT contractor that relies heavily on deployed engineers that spend months on contracts.
If you’ve read Zero to One then you are aware of is that the key to a successful monopoly is disguising that you are one. Example would be google, they have a clear monopoly on web search they might make up 90% of the market of searches (idk do China and India have their own search engines? Don’t care). However, google isn’t a search engine company is it? It’s an advertising company, wearable tech, autonomous cars, etc., you begin adding up how large those industries are, and google is just a small percentage of the overall marketing, search engine, advertising, data, vehicles, software, hardware, etc., world.
Tying this back to Palantir. IMO the second ultimate end game for them is to completely obliterate and dominate in a monopolistic fashion commercial enterprise data integration and basically just making companies better in a data driven, factual way. In doing so they will generate monopolistic profits as well.
Ok, why does this matter?
If Palantir so dominates the commercial market they will be a blatant monopoly with price setting powers, and choosing not to contract with them is the kiss of death, they will be broken up or significantly regulated.
However, Palantir is not a data integration integration company. They are also consultants (now we add in companies like McKinsey, Bain, etc.) they’re a government contractor (now we add in companies like Lockheed, Raytheon, Boeing, etc.) they’re a software company (Microsoft, etc.) , they’re a platform and SaaS company (CRM, etc.), they’re a security company (Norton, Kaspersky, etc.) etc. company.
Dominating government contracts is great and they’ll do that, but with government contracts you can’t demand an outrageous premium, there isn’t a significant pricing advantage when you’re the best option. If you charge monopolistic profit prices, the govt will say fukk off we’ll go with second best or do it ourselves.
In the commercial world, if you’re Coke and the difference between competing with Pepsi and going bankrupt is getting on the Palantir train after Pepsi jumped
On? You’ll pay through the nose.
Also, we know the greatest innovations come from military. Dem budgets. I can’t imagine the military won’t create synergy with PLTR product development that will translate to commercial sector applications.
Btw, the ultimate pie in the sky end game for Palantir? They become ubiquitous with IoT and develop consumer applications. BRB our lives get better because Palantir aggregates all of our life data and finds efficiencies and paths to human happiness through optimized decision options.
Like I said, very jazzy.Last edited by Arem24; 03-03-2021 at 10:12 PM.
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03-03-2021, 10:20 PM #3357
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03-03-2021, 10:32 PM #3358
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03-03-2021, 10:36 PM #3359
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03-04-2021, 03:01 AM #3360
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