Business & Investing
Sponsored by

Stock Markets

25,264,421 Views | 233999 Replies | Last: 5 min ago by Bocephus
$30,000 Millionaire
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
3:39p, 12/28/20
AG
In case this is helpful to anyone, here is some of what I am managing in my swing/trade account. This is way too many things and I am going to cut it down in January. CWH and OSTK are long term buys.

  • ABIO shares + Jan 5C offset
  • ACAM shares
  • ACB Jan 2023 LEAP 10C + running monthly diagonals at 14/15 to collect free premium
  • ADBE Jan 15 490C + Diagonal Jan 08 510C
  • AMC sold Jan 2.5P. This is an accumulation play for me
  • AMZN Jan 15 3200/3400
  • AMD Jan 15 90/100/110 butterfly
  • AQMS shares - sold half today, running 5C to offset the rest
  • BIGC with OA
  • CGC shares
  • COTY - patiently waiting. Shares and 8C
  • CRDF - shares + Jan 20C offset
  • FCEL - shares + Jan 10C offset (oops)
  • FSR shares + Jan 20C offset
  • FUBO shares - will BTFD
  • FUTU shares
  • GLD Sept 175C + monthly diagonals to collect premium
  • HZNP shares + Jan 75C offset
  • INAQ shares + Jan 17.5C offset
  • IPOC - shares with Jan 15C offset (oops)
  • JMIA shares + Jan 55C offset
  • MARA shares + partial Jan 6C (oops)
  • MBIO shares + 5C offset
  • NVTA Jan monthly 50/45 put credit spread
  • OCUL shares + Jan 25C offset
  • SABR shares
  • SFT shares + Jan 10C offset
  • SLDB shares + Jan 7.5C offset
  • SOLO shares + Jan 8C offset
  • TCON shares + Jan 10C offset
  • TLRY shares
  • VLDR shares
  • WATT shares + Jan 2C offset
  • WWR shares + Jan 7.5C offset + Jan/Feb/March sold puts
  • XL shares
Reply Quote
14
Mostly Foggy Recollection
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to $30,000 Millionaire • 3:48p, 12/28/20
$30,000 Millionaire said:
In case this is helpful to anyone, here is some of what I am managing in my swing/trade account. This is way too many things and I am going to cut it down in January. CWH and OSTK are long term buys.

  • ABIO shares + Jan 5C offset
  • ACAM shares
  • ACB Jan 2023 LEAP 10C + running monthly diagonals at 14/15 to collect free premium
  • ADBE Jan 15 490C + Diagonal Jan 08 510C
  • AMC sold Jan 2.5P. This is an accumulation play for me
  • AMZN Jan 15 3200/3400
  • AMD Jan 15 90/100/110 butterfly
  • AQMS shares - sold half today, running 5C to offset the rest
  • BIGC with OA
  • CGC shares
  • COTY - patiently waiting. Shares and 8C
  • CRDF - shares + Jan 20C offset
  • FCEL - shares + Jan 10C offset (oops)
  • FSR shares + Jan 20C offset
  • FUBO shares - will BTFD
  • FUTU shares
  • GLD Sept 175C + monthly diagonals to collect premium
  • HZNP shares + Jan 75C offset
  • INAQ shares + Jan 17.5C offset
  • IPOC - shares with Jan 15C offset (oops)
  • JMIA shares + Jan 55C offset
  • MARA shares + partial Jan 6C (oops)
  • MBIO shares + 5C offset
  • NVTA Jan monthly 50/45 put credit spread
  • OCUL shares + Jan 25C offset
  • SABR shares
  • SFT shares + Jan 10C offset
  • SLDB shares + Jan 7.5C offset
  • SOLO shares + Jan 8C offset
  • TCON shares + Jan 10C offset
  • TLRY shares
  • VLDR shares
  • WATT shares + Jan 2C offset
  • WWR shares + Jan 7.5C offset + Jan/Feb/March sold puts
  • XL shares


That's quite the mindshare! In my trade/swing I typically have no more than 8-10 positions.

30K may be rain man though.
Reply Quote
5
Ajollyag
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to $30,000 Millionaire • 3:53p, 12/28/20
$30,000 Millionaire said:
In case this is helpful to anyone, here is some of what I am managing in my swing/trade account. This is way too many things and I am going to cut it down in January. CWH and OSTK are long term buys.

  • ABIO shares + Jan 5C offset
  • ACAM shares
  • ACB Jan 2023 LEAP 10C + running monthly diagonals at 14/15 to collect free premium
  • ADBE Jan 15 490C + Diagonal Jan 08 510C
  • AMC sold Jan 2.5P. This is an accumulation play for me
  • AMZN Jan 15 3200/3400
  • AMD Jan 15 90/100/110 butterfly
  • AQMS shares - sold half today, running 5C to offset the rest
  • BIGC with OA
  • CGC shares
  • COTY - patiently waiting. Shares and 8C
  • CRDF - shares + Jan 20C offset
  • FCEL - shares + Jan 10C offset (oops)
  • FSR shares + Jan 20C offset
  • FUBO shares - will BTFD
  • FUTU shares
  • GLD Sept 175C + monthly diagonals to collect premium
  • HZNP shares + Jan 75C offset
  • INAQ shares + Jan 17.5C offset
  • IPOC - shares with Jan 15C offset (oops)
  • JMIA shares + Jan 55C offset
  • MARA shares + partial Jan 6C (oops)
  • MBIO shares + 5C offset
  • NVTA Jan monthly 50/45 put credit spread
  • OCUL shares + Jan 25C offset
  • SABR shares
  • SFT shares + Jan 10C offset
  • SLDB shares + Jan 7.5C offset
  • SOLO shares + Jan 8C offset
  • TCON shares + Jan 10C offset
  • TLRY shares
  • VLDR shares
  • WATT shares + Jan 2C offset
  • WWR shares + Jan 7.5C offset + Jan/Feb/March sold puts
  • XL shares
Still new here. Does BTFD mean "Buy The F*** Down"?
Reply Quote
2
ClutchCityAg
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Ajollyag • 3:54p, 12/28/20
Ajollyag said:
$30,000 Millionaire said:
In case this is helpful to anyone, here is some of what I am managing in my swing/trade account. This is way too many things and I am going to cut it down in January. CWH and OSTK are long term buys.

  • ABIO shares + Jan 5C offset
  • ACAM shares
  • ACB Jan 2023 LEAP 10C + running monthly diagonals at 14/15 to collect free premium
  • ADBE Jan 15 490C + Diagonal Jan 08 510C
  • AMC sold Jan 2.5P. This is an accumulation play for me
  • AMZN Jan 15 3200/3400
  • AMD Jan 15 90/100/110 butterfly
  • AQMS shares - sold half today, running 5C to offset the rest
  • BIGC with OA
  • CGC shares
  • COTY - patiently waiting. Shares and 8C
  • CRDF - shares + Jan 20C offset
  • FCEL - shares + Jan 10C offset (oops)
  • FSR shares + Jan 20C offset
  • FUBO shares - will BTFD
  • FUTU shares
  • GLD Sept 175C + monthly diagonals to collect premium
  • HZNP shares + Jan 75C offset
  • INAQ shares + Jan 17.5C offset
  • IPOC - shares with Jan 15C offset (oops)
  • JMIA shares + Jan 55C offset
  • MARA shares + partial Jan 6C (oops)
  • MBIO shares + 5C offset
  • NVTA Jan monthly 50/45 put credit spread
  • OCUL shares + Jan 25C offset
  • SABR shares
  • SFT shares + Jan 10C offset
  • SLDB shares + Jan 7.5C offset
  • SOLO shares + Jan 8C offset
  • TCON shares + Jan 10C offset
  • TLRY shares
  • VLDR shares
  • WATT shares + Jan 2C offset
  • WWR shares + Jan 7.5C offset + Jan/Feb/March sold puts
  • XL shares
Still new here. Does BTFD mean "Buy The F*** Down"?
close, except the D stands for Dip. Adding a P at the end is optional, but preferred in some circles.
Let it ride
Reply Quote
3
1 edit
Spaceship
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Ajollyag • 3:54p, 12/28/20
AG
Ajollyag said:
$30,000 Millionaire said:
In case this is helpful to anyone, here is some of what I am managing in my swing/trade account. This is way too many things and I am going to cut it down in January. CWH and OSTK are long term buys.

  • ABIO shares + Jan 5C offset
  • ACAM shares
  • ACB Jan 2023 LEAP 10C + running monthly diagonals at 14/15 to collect free premium
  • ADBE Jan 15 490C + Diagonal Jan 08 510C
  • AMC sold Jan 2.5P. This is an accumulation play for me
  • AMZN Jan 15 3200/3400
  • AMD Jan 15 90/100/110 butterfly
  • AQMS shares - sold half today, running 5C to offset the rest
  • BIGC with OA
  • CGC shares
  • COTY - patiently waiting. Shares and 8C
  • CRDF - shares + Jan 20C offset
  • FCEL - shares + Jan 10C offset (oops)
  • FSR shares + Jan 20C offset
  • FUBO shares - will BTFD
  • FUTU shares
  • GLD Sept 175C + monthly diagonals to collect premium
  • HZNP shares + Jan 75C offset
  • INAQ shares + Jan 17.5C offset
  • IPOC - shares with Jan 15C offset (oops)
  • JMIA shares + Jan 55C offset
  • MARA shares + partial Jan 6C (oops)
  • MBIO shares + 5C offset
  • NVTA Jan monthly 50/45 put credit spread
  • OCUL shares + Jan 25C offset
  • SABR shares
  • SFT shares + Jan 10C offset
  • SLDB shares + Jan 7.5C offset
  • SOLO shares + Jan 8C offset
  • TCON shares + Jan 10C offset
  • TLRY shares
  • VLDR shares
  • WATT shares + Jan 2C offset
  • WWR shares + Jan 7.5C offset + Jan/Feb/March sold puts
  • XL shares
Still new here. Does BTFD mean "Buy The F*** Down"?

I think that's right except Down = Dip
Reply Quote
1
gougler08
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to FJ43 • 3:56p, 12/28/20
AG
I think I'm going to sell $50 puts on OSTK when we open tomorrow, either get an entry in the 40s or pocket some premium again
Reply Quote
2
$30,000 Millionaire
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Mostly Foggy Recollection • 3:58p, 12/28/20
AG
I don't have to pay great attention on the shares, but this is definitely too much and it is taking too much time to stay on top of. The trouble is that I like them all!
Reply Quote
I bleed maroon
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to ProgN • 3:59p, 12/28/20
AG
Prognightmare said:
FYI, CNBC just said margin debt is at record high. Just keep this at the back of your mind. Any correction could get bloody due to margin calls. I don't want anyone here overextended and destroying their account. Record margin debt ranks up there with gambling. JMO
That's funny - I just heard CNBC state that margin debt as a percentage of portfolios is at about the same ratio that it's been since 2018. More, in absolute terms, due to market appreciation, but nothing out of line at all. The CNBC guy was actually calling out the WSJ for the sensationalist story (!).

By the way, I personally don't utilize margin debt, and I agree with Prog that it's basically equivalent to obtaining a marker when gambling.
Reply Quote
5
Ragoo
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to 59 South • 4:03p, 12/28/20
AG
59 South said:
$30,000 Millionaire said:
you know you have a choice in what your phone uses, right? I was proudly american when I worked in the UK.

Centre - no
Analogue - no
Tyre - no

When the brits would tell me I misspelt something, I liked to remind them that we're Daddy now.


Yes, but I'm here for my customers, and they pay my bills. I know my role, and it's to bridge the gap between an American supplier to a British customer. Situational awareness has been paramount in my career. If roles were reversed I'd be Kenny effin Powers on them.
first Kenny Effin' powers reference on this thread?
Reply Quote
2
McInnis 03
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
4:06p, 12/28/20
AG
Ended up taking a sizable position in DKNG mid day when it was holding 49.90 but then it dipped to 48.90 at days end which made me take up a sizable "squeeze ags" butthole position. Dangerously close to the 50 day MA but I guess we'll see.

I'd feel better if tomorrow was Wednesday instead of a bloody Tuesday.
Reply Quote
wanderer
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
4:07p, 12/28/20
Anyone still holding the PENN 12/31 90c? I went net free on mine a few weeks back and am still holding on to the other half. It took a beating today and with only 3 DTE the future isn't bright.

Same statement/question for the NIO 12/31 45c

Net free is great, but not cashing in on these even more a few weeks back has stung.
Reply Quote
1 edit
FJ43
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to $30,000 Millionaire • 4:08p, 12/28/20
$30,000 Millionaire said:
In case this is helpful to anyone, here is some of what I am managing in my swing/trade account. This is way too many things and I am going to cut it down in January. CWH and OSTK are long term buys.

  • ABIO shares + Jan 5C offset
  • ACAM shares
  • ACB Jan 2023 LEAP 10C + running monthly diagonals at 14/15 to collect free premium
  • ADBE Jan 15 490C + Diagonal Jan 08 510C
  • AMC sold Jan 2.5P. This is an accumulation play for me
  • AMZN Jan 15 3200/3400
  • AMD Jan 15 90/100/110 butterfly
  • AQMS shares - sold half today, running 5C to offset the rest
  • BIGC with OA
  • CGC shares
  • COTY - patiently waiting. Shares and 8C
  • CRDF - shares + Jan 20C offset
  • FCEL - shares + Jan 10C offset (oops)
  • FSR shares + Jan 20C offset
  • FUBO shares - will BTFD
  • FUTU shares
  • GLD Sept 175C + monthly diagonals to collect premium
  • HZNP shares + Jan 75C offset
  • INAQ shares + Jan 17.5C offset
  • IPOC - shares with Jan 15C offset (oops)
  • JMIA shares + Jan 55C offset
  • MARA shares + partial Jan 6C (oops)
  • MBIO shares + 5C offset
  • NVTA Jan monthly 50/45 put credit spread
  • OCUL shares + Jan 25C offset
  • SABR shares
  • SFT shares + Jan 10C offset
  • SLDB shares + Jan 7.5C offset
  • SOLO shares + Jan 8C offset
  • TCON shares + Jan 10C offset
  • TLRY shares
  • VLDR shares
  • WATT shares + Jan 2C offset
  • WWR shares + Jan 7.5C offset + Jan/Feb/March sold puts
  • XL shares
30k....this makes my head spin. I am not worthy.....
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Reply Quote
Carlo4
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to ProgN • 4:14p, 12/28/20
AG
Prognightmare said:
FYI, CNBC just said margin debt is at record high. Just keep this at the back of your mind. Any correction could get bloody due to margin calls. I don't want anyone here overextended and destroying their account. Record margin debt ranks up there with gambling. JMO


Great point. WSJ had an article on it today as well. Interviewed a woman on margin buying 75% of everything in Tesla stock stating "this is how rich people do it". Another guy sold his home just to buy Tesla shares and is all in on them.

History doesn't repeat.... but it sure as &@"$ rhymes!
Reply Quote
Mostly Foggy Recollection
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Carlo4 • 4:19p, 12/28/20
Carlo4 said:
Prognightmare said:
FYI, CNBC just said margin debt is at record high. Just keep this at the back of your mind. Any correction could get bloody due to margin calls. I don't want anyone here overextended and destroying their account. Record margin debt ranks up there with gambling. JMO


Great point. WSJ had an article on it today as well. Interviewed a woman on margin buying 75% of everything in Tesla stock stating "this is how rich people do it". Another guy sold his home just to buy Tesla shares and is all in on them.

History doesn't repeat.... but it sure as &@"$ rhymes!


I'd say idiocracy was way ahead of its time, but it wasn't.... just 15 years.
Reply Quote
3
Orlando Ayala Cant Read
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Mostly Foggy Recollection • 4:23p, 12/28/20
AG
Mostly Foggy Recollection said:
$30,000 Millionaire said:
In case this is helpful to anyone, here is some of what I am managing in my swing/trade account. This is way too many things and I am going to cut it down in January. CWH and OSTK are long term buys.

  • ABIO shares + Jan 5C offset
  • ACAM shares
  • ACB Jan 2023 LEAP 10C + running monthly diagonals at 14/15 to collect free premium
  • ADBE Jan 15 490C + Diagonal Jan 08 510C
  • AMC sold Jan 2.5P. This is an accumulation play for me
  • AMZN Jan 15 3200/3400
  • AMD Jan 15 90/100/110 butterfly
  • AQMS shares - sold half today, running 5C to offset the rest
  • BIGC with OA
  • CGC shares
  • COTY - patiently waiting. Shares and 8C
  • CRDF - shares + Jan 20C offset
  • FCEL - shares + Jan 10C offset (oops)
  • FSR shares + Jan 20C offset
  • FUBO shares - will BTFD
  • FUTU shares
  • GLD Sept 175C + monthly diagonals to collect premium
  • HZNP shares + Jan 75C offset
  • INAQ shares + Jan 17.5C offset
  • IPOC - shares with Jan 15C offset (oops)
  • JMIA shares + Jan 55C offset
  • MARA shares + partial Jan 6C (oops)
  • MBIO shares + 5C offset
  • NVTA Jan monthly 50/45 put credit spread
  • OCUL shares + Jan 25C offset
  • SABR shares
  • SFT shares + Jan 10C offset
  • SLDB shares + Jan 7.5C offset
  • SOLO shares + Jan 8C offset
  • TCON shares + Jan 10C offset
  • TLRY shares
  • VLDR shares
  • WATT shares + Jan 2C offset
  • WWR shares + Jan 7.5C offset + Jan/Feb/March sold puts
  • XL shares


That's quite the mindshare! In my trade/swing I typically have no more than 8-10 positions.

30K may be rain man though.


Thanks for sharing. Respect your game.
Reply Quote
3
Decay
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
4:24p, 12/28/20
AG
"this is how rich people do it" is so poetic and beautiful. Fly on, you hapless butterfly.
Reply Quote
5
Brewmaster
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to FJ43 • 4:32p, 12/28/20
AG
it's not for everyone... I'm at just 6 stocks in one account and only a handful in another account. I can do a lot more with less (just my preference at the moment as I grow the accounts). I will grow the # of names up (I'm also being quite picky). With the net free stuff, always nice planting it and leave it be.

Ask OA how many holdings he has now! I think it was well over 600.
Reply Quote
Brewmaster
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
4:34p, 12/28/20
AG
FUBO running after hours, no idea if today was "the dip" or not.

Check the buy right at the close. 500k shares I think? That sounds bullish!
Reply Quote
59 South
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
4:34p, 12/28/20
AG
WOW on the margin stuff.... I'm ballsy but that's nuts.

I'm just going to enjoy this ABBA documentary and my South African red wine (and all my girls being asleep and quiet) and my relatively safe portfolio
If this post is on the B&I forum, lighten up it's just money!

Disclaimer: I'm not that smart.
Reply Quote
5
59 South
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
4:46p, 12/28/20
AG
Whilst we're on the topic of margin, I just checked my fidelity brokerage and my margin buying power is >5x my cash position and almost 1.3x my total account balance. Is that normal? I've never had an itch to expose myself over 100% but suppose I would if we had a capitulation buying opportunity ala December 24, 2018.
If this post is on the B&I forum, lighten up it's just money!

Disclaimer: I'm not that smart.
Reply Quote
1
FJ43
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Brewmaster • 4:50p, 12/28/20
BREwmaster said:
it's not for everyone... I'm at just 6 stocks in one account and only a handful in another account. I can do a lot more with less (just my preference at the moment as I grow the accounts). I will grow the # of names up (I'm also being quite picky). With the net free stuff, always nice planting it and leave it be.

Ask OA how many holdings he has now! I think it was well over 600.
Yeah he has 672 or something like that last I heard. I can rationalize (although flawed I am sure) having a ton of net free holdings with alerts set so my blood pressure isn't through the roof.

I have given a lot of though through these holidays and the past weeks about my strategy going forward with all I have gleaned from the group here, reflecting on past performance, time committed, etc. I believe I have landed on focusing my efforts towards fewer targeted share plays with the intention of net free solely then onto the next. Whether that is net free at half, more than half or a fraction thereof of my shares. I will then use covered calls $ on 50% of shares to add to my options plays or buy more shares and repeat in the same security.

Sometimes I feel like I am chasing the wind and I am pretty sure Solomon warned about that. I have realized I cannot play in all sandboxes at the same time nor do I think that is wise for me. Though it would be today but I am waiting for my next round of funding to my trading account to arrive then game on.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Reply Quote
5
$30,000 Millionaire
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to 59 South • 4:51p, 12/28/20
AG
59 South said:
Whilst we're on the topic of margin, I just checked my fidelity brokerage and my margin buying power is >5x my cash position and almost 1.3x my total account balance. Is that normal? I've never had an itch to expose myself over 100% but suppose I would if we had a capitulation buying opportunity ala December 24, 2018.
I don't know if I could justify it to myself ever.
Reply Quote
$30,000 Millionaire
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to FJ43 • 4:52p, 12/28/20
AG
of course you are. There is something to be said for having fewer positions and managing them well. The portfolio approach works for me, but that is just my style.
Reply Quote
4
59 South
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to $30,000 Millionaire • 4:54p, 12/28/20
AG
Ok good, I'm not mental then. I think you, me and FJ need to have a video conference sometime because you 2 are very aligned with my style.
If this post is on the B&I forum, lighten up it's just money!

Disclaimer: I'm not that smart.
Reply Quote
1
59 South
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to 59 South • 5:00p, 12/28/20
AG
On that topic I'm down to a very small number of longs in individual stocks. In order of current value...

Taxable: ROKU, AMZN, CWH, MBIO
Tax deferred / non taxable: NIO, ROKU, AMD, SQ, JD, CWH
If this post is on the B&I forum, lighten up it's just money!

Disclaimer: I'm not that smart.
Reply Quote
FJ43
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to 59 South • 5:08p, 12/28/20
59 South said:
Ok good, I'm not mental then. I think you, me and FJ need to have a video conference sometime because you 2 are very aligned with my style.
Would love to do that sometime. Would be fun the hear approaches and strategize on new things.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Reply Quote
FJ43
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to $30,000 Millionaire • 5:19p, 12/28/20
$30,000 Millionaire said:
of course you are. There is something to be said for having fewer positions and managing them well. The portfolio approach works for me, but that is just my style.
I think one of the most important things a person on this thread can do is identify what is their style, passion, enjoy, good at, is profitable for their understanding/skillset, etc. and apply that over and over until they can/want to expand. There are so many great ideas, tips, leads, etc. shared on this thread any given day that a new person to the 'sport' can easily get sucked into too many and loose their shorts. FOMO can be a seductive beast on this thread.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Reply Quote
5
ProgN
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to 59 South • 5:20p, 12/28/20
59 South said:
Whilst we're on the topic of margin, I just checked my fidelity brokerage and my margin buying power is >5x my cash position and almost 1.3x my total account balance. Is that normal? I've never had an itch to expose myself over 100% but suppose I would if we had a capitulation buying opportunity ala December 24, 2018.
That "buying power" ratio sounds about right concerning your knowledge of the market, that comes across as very good.

I do utilize a large chunk of margin on trades that I see as happening quickly, but I don't ride trades down. I don't recommend it to anyone that isn't intricately familiar with the pros and cons and being able to watch those trades because I've seen many a person blow up their accounts with margin. If anyone does venture into that realm, never ride a trade down with margin.
Reply Quote
1
ProgN
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Brewmaster • 5:22p, 12/28/20
BREwmaster said:
FUBO running after hours, no idea if today was "the dip" or not.

Check the buy right at the close. 500k shares I think? That sounds bullish!
Quote:
*FuboTV Shares Higher After-Hours; Islet Management Reported 7.44% Stake in 13G Filing
Reply Quote
2
59 South
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to ProgN • 5:29p, 12/28/20
AG
Thanks Prog... guess I should have bought 12000 shares of FUBO today!
If this post is on the B&I forum, lighten up it's just money!

Disclaimer: I'm not that smart.
Reply Quote
1
gougler08
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
5:30p, 12/28/20
AG
I actually called fidelity a few months ago to take off margin trading (while keeping option ability) as I didn't want to even accidentally go down that path

On the topics of portfolios, my non-taxable is only has 6-8 positions in it but my taxable has ballooned towards the size of 30k and it does make it a bit overwhelming some days

I think I'm going to try and trim a bit but I'm also at like 25% cash so somewhat itching to get that in the market while trying to be disciplined. Feel like I'm pulling myself different directions at the moment
Reply Quote
2
FJ43
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to gougler08 • 6:17p, 12/28/20
gougler08 said:
I actually called fidelity a few months ago to take off margin trading (while keeping option ability) as I didn't want to even accidentally go down that path

On the topics of portfolios, my non-taxable is only has 6-8 positions in it but my taxable has ballooned towards the size of 30k and it does make it a bit overwhelming some days

I think I'm going to try and trim a bit but I'm also at like 25% cash so somewhat itching to get that in the market while trying to be disciplined. Feel like I'm pulling myself different directions at the moment


Im not sure if this is good or bad but I adopted the premise if it's good for one account it's good for the other in terms of the decision to buy into the shares or not. My taxable and tax deferred pretty much have the same holdings (maybe not quantity though). The only difference is I may have a couple more positions in the tax deferred that I've held longer. The vast majority of options 'trades' have all been in my taxable account. I do sell covered calls in the tax deferred to reduce my cost basis with the new goal of net free.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Reply Quote
Ragoo
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
6:27p, 12/28/20
AG
I would really like to get HD at 260.
Reply Quote
1
Spaceship
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
6:32p, 12/28/20
AG
I have a SPAC question for you experts:

IPOC is a SPAC with a current market cap of $1.77 billion and trading at $17/share. It's acquiring Clover Health in early January and if the vote passes, Clover's market cap is reported at $4 billion (2.26x that of IPOC). By that math, we should assume a future pps of $38 for IPOC (2.26 x $17). Is my math and logic flawed? Thanks.
Reply Quote
1
Brewmaster
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Spaceship • 6:57p, 12/28/20
AG
Spaceship said:
I have a SPAC question for you experts:

IPOC is a SPAC with a current market cap of $1.77 billion and trading at $17/share. It's acquiring Clover Health in early January and if the vote passes, Clover's market cap is reported at $4 billion (2.26x that of IPOC). By that math, we should assume a future pps of $38 for IPOC (2.26 x $17). Is my math and logic flawed? Thanks.
definitely not flawed logic. A lot of what I'm reading is many are targeting 30+. I'll probably go net free in the low 20's and ride the rest into the sunset (play cc's on them for eternity).
Reply Quote
1
First Page Last Page
Page 2649 of 6686 ▼
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.