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4thgenhorn

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Everything posted by 4thgenhorn

  1. I had a similar eagerness right out of school. Went straight into options, bought a bunch, made a little in first 1-2 months then lost 100% of my portfolio. It was a good lesson. Then I read all of Bill O’Neils books, founder Investors biz daily, read all of Cramer’s, read Buffetts bio, read a number of others. Boggleheads.org has tons of info. Max all tax advantages plans and put them in index. Experiment with small cash while you read and study, real world experience>academics. Before you know it you’ll have a pile of equities and be on your way to an “expert”. Also realize the 2020 market is very unusual. TSLA is very unusual. It won’t go up 7x in a year again.
  2. Nothing wrong with making profits. You can always just cover and take the small loss vs position. I’m doing the exact same thing, but on AAPL and FB. Hope they just don’t pop 5% in next 7 biz days.
  3. Not a very positive report, guess I’ll pass. speaking of Stonky, largest Co in the world AAPL is going parabolic before their split. I sold a 525 call Sept 4 on Fri. Course it’s already underwater. Option prices are very rich, especially given size. I hope I can do more post split.
  4. Anyone watching GRWG? US Pot grower who just started turning a profit and is doubling NR. Doubled in last week...which I guess makes it stonky. I’ve yet to buy but thinking about it.
  5. With a balance of $8M, I hope they’d be the majority of the budget. Thanks for posting the most ridiculous academic paper I’ve seen in a while. Very small percent of peeps will hit that number and very small percent can live sub $40k. Guess 99% of peeps will eat dog food in retirement and ration their pills.
  6. The GI Joe aircraft carrier was the pinnacle of toys. I didn’t even get the F-16 jet, let alone the carrier. I only saw one carrier as a kid and my jaw hit the floor.
  7. I recall in elementary school thinking if you could eat out and have shrimp that you were rich. My 4th grade teacher said at beginning of the year if you had perfect attendance she would take you out to a restaurant for dinner. I remember pulling her aside after the offer and clarifying, “you mean even red lobster?” At the end of the year there was no mention of the offer. Either I didn’t have perfect attendance or she’s a liar! When Red Lobster has those shrimp fest commercials I always remember back to that teacher. i also remember shrimp as being like a special event if my mom would get like 5 precooked shrimp from the seafood deli. What a luxury!
  8. Doing the homeschool for 4th grader via normal public school. Spring was terrible but they say they’re going to try this Fall vs all optional work past Spring. we hired a Math tutor that’s starting next week. Might add more tutors with 1-2 friends so it adds a touch of social. Seems the tutors will get booked fast so we are starting now. Also spent today rearranging some furniture in guest room to provide a school office for 4th grader independent of family. Hopefully make it a place easier to study and zoom from. also need to buy another PC for home so no sharing. Probably a chrome book, but maybe a MacBook.
  9. Sold half mine as well; the remaining half I have decaying covered calls. The calls are so rich I think I’ll be holding for a while just based on that alone. New pick is SGEN...cancer drug co...looks to be breaking out this week.
  10. Made some good cash in BYND today. Also wrote 185 covered call for this Fri. Crazy when 20% OTM call gives you > 1% return, weekly. Hope it keeps going up, but don’t want it past 185 by Fri.
  11. They really got a bit Surly with each other. I missed that, thanks for posting.
  12. More of investment mindset or goal discussion, do you guys outline specific return metrics you try to reach? Like X% return weekly/monthly, or just keep making MORE? The problem with the later is that it’s not actually achievable...I find myself in that camp these days. Years ago if I had a big purchase like a new PC or phone, I’d challenge myself to manufacture that via options or a trade. I’ve not done that in a while, and it’s just a MORE ambiguous goal; maybe outperform S&P. One goal Id like is to add more short covered calls as a percentage of NW. My issue is I sell em on my speculative pics where you get a lot of premium, but that ultimately is a small percentage. Shorting calls on index funds doesn’t give that juicy return. Anyway, curious what others use as your personal performance benchmark or goals.
  13. Ugly chicks have to give blowjobs after marriage on the regular or else. Or else they take half your sh*t.
  14. Is this how we’re supposed to get our stimulus checks?
  15. I dumped about 5% back into cash today. V shaped recovery and last two days action spooked me. Since I sold, it’ll probably keep going up to all time highs; you’re welcome!
  16. I’m thinking the same thing. Been eying what to sell. Haven’t pulled the trigger yet, but probably will be sorry if I don’t take some off table today.
  17. I’m doing same as u guys with BYND. Currently short 130, 150, and 160 covered calls for this Friday. Surely it won’t bust through them all, but I guess that would be a good thing. I was short a 115, which I covered then rewrote at 130. Shits going parabolic
  18. You made profit. That’s all that matters. Can’t beat ur self up on Twilio too much. I sold Shop for a 50% profit, 200 pts ago. I sold PayPal at 108...oh well.
  19. I’ve never tried the food and have a freezer full of beef. Just seems like a high growth space...and it feels like I’m back at the craps table, which is always nice. im sure in time they’ll make foods that don’t kill u as much, and are better for green house gasses.
  20. I just started a PTON position...figure they are in a good spot right now for pure growth. I was also looking at SQ this AM...it’s already moved a lot back up, I hesitated on putting cash there today, so it’ll go up for sure. for me ROKU sort of competes too much with big tech dongles...but I’ve been wrong for 100 pts on that one.
  21. I’m hoping for a pop in PTON tomorrow. Chart looks good...hard to believe they won’t report big growth tonight.
  22. I’m lucky to have my ticket on this ride. Selling one third.
  23. 3 steps to making cash in the market: 1. Write down your best investment idea 2. Do the opposite 3. Profit
  24. I need to buy a care by EOY for business. Kinda timely post. Oldest I would want is 2019, needs to be new model year for work. Hoping to find a screaming deal, so let the repos flow.
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