Originally Posted by neech:
I would say, also the cost of the lot pending where it is located.
I was on Zillow checking out home prices and what you get for the money just yesterday, it was depressing actually how much its gone up. Personal property taxes are going to go up again, waiting for the news to hit my mailbox how much it will increase.
It's kind of amusing how the cost of a lot can double or triple depending on the area of KC you're in.
Originally Posted by candyman:
Cathie Wood just bought 1.5mil shares, its gonna bounce back quicker than that.
I prefer to decrease my risk with calls by buying them about 2 months past when I think the stock may hit my strike price. I am ok fronting more money for this to have a greater chance of closing my call in the green. I would probably look at May calls here but hope to close that call on a nice run or a spike day before May. [Reply]
Originally Posted by lewdog:
I prefer to decrease my risk with calls by buying them about 2 months past when I think the stock may hit my strike price. I am ok fronting more money for this to have a greater chance of closing my call in the green. I would probably look at May calls here but hope to close that call on a nice run or a spike day before May.
I'm too much of a n00b to trade options. I suck at traditional trading still...if I ever get somewhat decent at it I may venture down the option road. Or I may just do everything Hammock does from now on and hope for the best. [Reply]
Originally Posted by candyman:
I'm too much of a n00b to trade options. I suck at traditional trading still...if I ever get somewhat decent at it I may venture down the option road. Or I may just do everything Hammock does from now on and hope for the best.
Here's what works for me.
1. If the stock is anywhere near the 52-week high, don't buy.
2. Decide your exit point before you buy. This prevents you from reacting emotionally in the moment.
3. The more you invest, the quicker you need to think about getting out. If it's near the 52-week high, or over it, and you've made a few thousand, don't get greedy. This destroyed me with NKLA. I could have 10k profit. Instead I made a couple grand.
4. If the stock tanks, just hold til it goes back up, or you recoup enough that you're comfortable with the loss.
You're only going to get burned bad if you try to grab onto something emotionally anyway, at least in my experience.
This is what happened to me on NAK and GNUS. I'm holding both because I figure at least one is going up, and I've made enough on my other shit that I don't care about these losses now. They're worth holding at this point just to see if they go up, as they did before.
Above all remember this: STONKS ONLY GO UP!!!!!!!! :-) [Reply]
Originally Posted by candyman:
I'm too much of a n00b to trade options. I suck at traditional trading still...if I ever get somewhat decent at it I may venture down the option road. Or I may just do everything Hammock does from now on and hope for the best.
Why do you think you are having limited success?
Do you research the companies that you invest in? [Reply]
Originally Posted by Hammock Parties:
Here's what works for me.
1. If the stock is anywhere near the 52-week high, don't buy.
This one is tougher these days, with the way the market is. I was wanting to get into TSLA forever, but kept telling myself not to buy at ATH repeatedly. Missed out on crazy gains. I eventually said "fuck it", and have done well on it, but could have done way better.
I bought SQ at a 52w high in early 2020, and am up almost 300%. I bought PTON at ATH, and am up 100%.
Point is, in this insane market right now, a 52w high isn't necessarily a barrier to entry. Under normal market conditions, I'd agree with you, though. [Reply]
Originally Posted by TinyEvel:
Okay real talk. When is this all gonna cool off, or worse, see a massive correction like 2000 or 2008.
I know, Billion dollar question, but I’m up on the year. Would love to not be holding it all if/when things drop.
Nobody knows. If you're that concerned about it, set some trailing stop losses at a point where you're comfortable with your gains, and ideally, where regular volatility won't trigger it. [Reply]
