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Thank god for weed
ORMP is a no brainer right now
9/22 Thread (General):
Any yolo crypto plays here?
8/25 Thread (General):
PLTR projections - thoughts on this company?
$MSFT is killing it lately š
Any thoughts on Iron Condors on DOCU?
NOK next get in while ya can homies
Howās everyone feeling about this coming week?
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Enthusiast
I'm all for the occasional YOLO call, but it has been getting a little out of hand. At the same time though, I can't blame people when the market seems to only go up in a straight line and there is no risk to buying in. People have made tons of money being somewhat irresponsible, and good for them. I just hope that they save some money in the event the market crashes and don't get wiped out.
I do miss having intelligent discussions in this bowl about the market and making strategic plays. The senseless buying in this market cheapens the time and effort that more experienced investors/traders put in, and it stings sometimes to see someone who happened to have OTM yolos on Tesla or GME make millions while I make a few hundred on a good, well though out play. But that is the reality of the market we are in, and while at times I want to fight it, I also want to make money.
I'm sure at some point things will get back to normal. But it may be another few years or another 1000 S&P handles. Just gotta go along for the ride.
Subject Expert
If youāre young and playing with a few grand then swinging for the fences isnāt the worst thing. You have decades to replace those losses. Just donāt think OTM weeklies will be a long term winning strategy. Have some fun, but begin thinking about the long run, too.
Iām 43 and manage a seven figure portfolio. I donāt want to lose money, Iād like to consistently make money, and Iād like to hit home runs periodically. Iām about half way through my career so I have time, but donāt want to see massive drawdowns. That changes my strategy. Iāve got a couple large SPAC positions, but I also have some dividend stocks.
One final thought: would you rather get a $1,000,000 tomorrow or a penny that doubles every day for 30 days?
This is a once in a lifetime play, Iām 22 and I was up 250k this morning, Iām gonna play it smart down the road but what the point of not gambling while your young
Enthusiast
Enjoy your 5% average returns per year and retiring at 70
Mentor
SM, I never do condors as an entry, I may end up with one on RUT occassionally, but that is rare. I never have a butterfly. I can't trade them as you have to get price and time correct.
My best years were 2007-2009.
You are right that volatility is great. But a directional market gives good returns. There are usually bull and bear tickers at all times. For example PTON and TLT have been great bear trades while all the Financials have been bullish lately.
I wasn't trading diagonals in 2001 so can't prove those were great times.
Sir this is a McDonalds
GHIV has been humbling
UWMC equally humbling šš¢
Was literally about to post the same, it's getting so bad I stopped checking wsb months ago and maybe come here once a week.
All these meme traders are a few down days from getting blown out. I remember when I discovered options, I was up over 5x in 2 or 3 months. I was bragging about how great I was doing and I thought I was a genius. It didn't end well.
Problem is 90% of the people here probably don't really understand what a gamma squeeze is. Just remember someone is always left holding bag. For an example of how dangerous GME can be, I shorted Feb calls on Friday (as in I sold into the rally) I covered for 40% gains, some one paid 1500$ for a call and lost 40% within 15 minutes. Some people did get luck and saw 2$ contract turn into 1200$ but lets be realistic the majority of people chased the rally and never took profits, the open oi is part of what causes the gamma squeeze.
Yea im not denying that people made money and sure some made a lot, but I'm sure people got burned by IV which was over 600%. Think about it people were still buying 60 strike for 1200$ but at close was only worth 350. Just saying this is getting annoying all these post about gme and stonks only go up.
Also re the squeeze, 2 weeks ago a large put position was closed at the 19 strike. On the following Monday gme gapped up over 19. On Tuesday a large call position was opened. I think the 19 closing unpinned price and then the call oi sparked the rally. My hunch is someone / market maker was trying to keep price down so they could return shares.
It has trended more WSB lately...some days I think itās just random SPACs or whatever people are finding on some random Discord channel. Iām all for good ideas to go check out, but just posting GMEš with zero thesis or why. I mean, thereās a lot of consultants in here - throw in a coherent thought.
š you arenāt wrong. I said Iād stop with the ācanāt stop wont stop GameStopā post...just was pretty hyped up.
Lol OP. At the retail level it's all gambling. Join the ride you cry baby or forever be broke š
Enthusiast
Lol TSM trying to talk tough. š You (MLTN) work at an accounting firm.
Nothing to see here
Subject Expert
I remember in 2015 no one cared, then came tiktok and Robinhood
Mentor
Been here since before bowl hit first 1000 people in like 2018. Super fun still haha but posts were super different. I like it still, but people seem to bash each other more now
Unfortunately, the age we live in- lack of decency! Donāt sweat it! Accept it and punch back!
Do you want to be right or do you want to make money? There is a big difference between being right and being able to make money.
Mentor
I stopped checking this bowl as often for this reason. Also, I do the same plays every week because the market is always flat/up, since Dec-20, so my plays are pretty robotic now.
Subject Expert
I second everything STA said. That said, short squeezes and DTE gamma squeezes are also technically sound plays, especially in this market. I donāt bet the house on it, but I think the risk return in this market is very favorable. So I put small amounts into those positions and have several losses and also several 5x to 20x plays.
I think cautiously playing the market in front you is your best bet to make money in this crazy world. Manage your delta, keep cash, and take profits frequently.
Also, majority of the people on here were in grade school or preschool in 99. I donāt think theyāll fully digest the reference. This market is different than ones of the past. Iām sure thereās a correction and/or a crash in the future. But no one knows when so just invest / trade cautiously.
You know they still wonāt let you in their club for parroting their talking points.
Itās truly sad to see QE infinity turing the millennium gen into gamblers. Although Iām only 45, Iāve lived through 2 major market crashes and feel pity for all of you gambling your lives away. Iāll take my retirement at 70 and 5% knowing that Iāll be looking at Lago di Como and the Alps while you all still work at Walmart collecting shopping cards for minimum wage.
@deloitte 2 how does this situation even compare to volmageddon?
Killjoy
Bro you in tax
I think itās going $40k
Mentor
I spend more work time on actual work and PokĆ©mon card trading than options/stocks, but that will change because itās earnings season! Finally.
Enthusiast
Ah sit down.
These are the times where youāll look back and say āwoah, that was wildā