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4thgenhorn

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Everything posted by 4thgenhorn

  1. 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.
  2. Ugly chicks have to give blowjobs after marriage on the regular or else. Or else they take half your sh*t.
  3. Is this how we’re supposed to get our stimulus checks?
  4. 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!
  5. 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.
  6. 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
  7. 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.
  8. 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.
  9. 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.
  10. I’m hoping for a pop in PTON tomorrow. Chart looks good...hard to believe they won’t report big growth tonight.
  11. I’m lucky to have my ticket on this ride. Selling one third.
  12. 3 steps to making cash in the market: 1. Write down your best investment idea 2. Do the opposite 3. Profit
  13. 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.
  14. BYND covered calls are best I’ve ever seen. I sold $115 and $120 today for May 15th, $4.74 and $3.75 when the stock was around $95. I don’t care if they get called away, >20% profit in 22 days would work for me. 5% “monthly dividend” if they don’t. don’t sweat selling at $100, u made cash. Can always do it again. wish all my trades went this way. BTW, is there a quick screen u can run to pick out equities paying such great prices for covered calls? I just do it manually.
  15. I bought some more BYND. This is definitely a spec pick for me given its such a small cap. But I got the fever for some gambling so F it. it’s been quite a bounce back overall; may fun money account is down under 10% this year...not sure if it’s time to take $ off the table or just keep buying. Really no idea. Might just keep doing covered calls. Another one I want is SHOP if it pulls back $100. I’ve also never bought BABA, and might go that way soon too.
  16. Just wrote a smidge of covered calls for next Friday on QQQ, gotta get my gambling fix. $207 @$2.20 in 10 days; it’s at $199.6. Only way I kick myself is if it’s truly a V and approaches Feb highs in 10 days. Otherwise I pay for this weeks grocery delivery. Let it rain TP!!!
  17. I’m underwater in some BYND that I bought on the way down. I think in 2-3 yrs you’ll be happy you grabbed some in the 60s.
  18. I think a lot of the strategies are purely for Pros. My understanding of Pro comp and goal is some thing along lines of: beat SPY or XYZ index fund. So these models pop up that might out perform said comp goal. individual goal is just to do best as possible and not loose ur ass while working a day job. So different goals. imho I’d say best hedge strategy, cheapest and simplest, is trailing stop loss or ITM Calls as stock replacement; downside is limited on both, while still providing upside potential.
  19. I’m wouldn’t lowest cost hedge be to sell the equity and adjust your asset allocation? The only downside would be if you have massive capital gains. puts are expensive. You really have to limit all upside potential with a zero cost collar like that. another issue I’ve found with collars or spreads is they are really hard to trade. I’m an amateur, but my models are always built on holding to expiration. But it’s hard to hold options to expiration. So when you want to unload, even if you guessed right, it’s still hard to make a reasonable amount of $$$$. bottom line: keep it simple stupid, set ur asset allocation and let it ride. Get ready to buy more when we revisit March lows, which should be soon. When everyone is buying more puts on this board, u buy yourself some MSFT. Sell some OOTM covered calls when it has two up days in a row.
  20. Dumped last of my TSLA shares yesterday. It’ll prob rally long term and I might buy in again at some point, but wanted to book some profits this week based on the recent rally. It’s volatility was a bit distracting for me, so it’s gone.
  21. I don’t think today’s rally is all Americans piling in new cash...rather the professionals covering their shorts all at once just in case the stimulus passes. tomorrow will probably be a big down day, just cause today is up so much, just like last few weeks. probably should sell a little. I’ve never seen such wild swings, computer AI algs going crazy!!!
  22. I like Athlean X. Jeff has taught me a number of tricks, and does a good job explaining the anatomy lesson too. I used to put on one of his utube vids while warming up before doing that muscle group...very helpful.
  23. I’ve been buying a little each day this week, none today. Bought me some AMZN, GOOG, BYND, and MPWR. Some mega caps and some small caps. One thing I’m aware of is my personal tendencies to chase stocks that are breaking out. I’m concerned if I wait for the all clear market rally and clear Co visibility, then I’ll be back in my tendency of buying high. So, trying to catch the falling knife...doesn’t need to be the bottom, just needs to be higher in 3-5 yrs. I’m fortunate to not need the money...others prob have different risk profiles. you guys trading options, good for you and I hope you keep locking in profits. I’ve done options for a few decades and man does it test emotions. I’ve limited myself to just selling covered calls last few years...used to do naked puts, OOTM Calls, and such...made a dollar or two, lost a bunch on some foolishness, and definitely felt the same rush as standing at craps table. Good luck to you all.
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