Originally Posted by JohnnyHammersticks:
What did you sell them at? They hit $9.80 for a second this morning, around $9 now.
I'm embarrassed but $1.45 and rolled down into the $149 and did the same there. Made money in both but left a TON behind.
I have left $50,000 in profits in TILRAY at the end of March when I had 220 contracts that shot up, then another $160,000 in FB when it shot up to $9,000 on a $1020 investment and I wanted to sell and buy puts but had too many day trades.
I've been so right on knowing what direction but oh so wrong on getting out early on the winners and riding the dogs down to $0. :-)
Originally Posted by scho63:
I'm embarrassed but $1.45 and rolled down into the $149 and did the same there. Made money in both but left a TON behind.
I have left $50,000 in profits in TILRAY at the end of March when I had 220 contracts that shot up, then another $160,000 in FB when it shot up to $9,000 on a $1020 investment and I wanted to sell and buy puts but had too many day trades.
I've been so right on knowing what direction but oh so wrong on getting out early on the winners and riding the dogs down to $0. :-)
Can't beat yourself up, you were on the right track. That's all that matters in the overall scheme of things. I've left enough potential profits on the table to feed a large army. Trading is tough, have to learn to manage risk and emotions. The PDT rule sucks, so glad I don't have to deal with it anymore. Might've actually saved me when I was getting started though. Makes you save your bullets for the best trades.
Looks like things are bouncing. Actually pretty decent sell on my $140 puts. They hit a high of $2.45, so $2.20 ended up being a pretty good place to bail. [Reply]
Speaking of selling too soon, a buddy of mine who's in the same trading group as me texted me about 30 minutes ago saying he bought 7 Tesla $700 Calls at $15 this morning during the first dip. He got in a bit too soon and went red as it kept dropping, so he panicked and sold when he got back to breakeven. Those $700 calls are selling for around $50 right now, so he left over $20k on the table. [Reply]
RIVN- Rivian is having a nice day. Reservations are up despite a 12000.00 price increase. The demand is there. Still not ready to jump in but I think its a good one. [Reply]
Originally Posted by chiefforlife:
RIVN- Rivian is having a nice day. Reservations are up despite a 12000.00 price increase. The demand is there. Still not ready to jump in but I think its a good one.
Saw one in the wild today. Ehhhh, looked like a Ford Maverick to me. [Reply]
Starting to see budget cuts and layoffs in the advertising industry, which is usually a precursor to recession. Marketing budgets are the first thing to get cut.
This Fed and the overall financial system has failed us, again.
There are extenuating circumstances here but I fear this is going to turn very ugly. [Reply]