Talking stocks, trading, and investing in general

[Piobaire]

No nudies. Defined risk theta plays or CCs/CSPs. That way you either know the max loss going in or you at worse cap your upside with a CC or baghold an underlying.

 

[PhilKenSebben]

Not stonks.

How Millennial Investors Lost Millions on Bill Ackman’s SPAC

“Trading options was addictive, like cocaine,” says one investor. “It was instant gratification.”

www.institutionalinvestor.com

Like cocaine you say.....

Hey @Bhowie, I bet you would struggle to drop your options into a piss filled toilet...

 

[Bhowie]

I’d find a way.

 

[usctrojans31]

Not stonks.

How Millennial Investors Lost Millions on Bill Ackman’s SPAC

“Trading options was addictive, like cocaine,” says one investor. “It was instant gratification.”

www.institutionalinvestor.com

Never understood why people were so obsessed with it. Ackman is a SHOCKINGLY good salesperson (and a dead ringer for what Bezos would have looked like if he didn't bald), but he loses money.

Ackman and Peter Thiel invite you to give them your money and shut up while doing it. But people keep playing...

 

[Piobaire]

Tendies are tougher this week which seems odd.

 

[otc]

Tendies are tougher this week which seems odd.

I took out another $50k loan to buy stonks on monday (after the close so orders thankfully didn't go in until Tuesday morning).

Hard to turn down the 2% loans M1 Finance is offering...and since the home search is paused, I'm free to lever up!

 

[gnatty8]

lol

 

[jbarwick]

Yesterday was a huge red-to-green day. It was like at 1p EST people woke up and hit the buy button.

 

[Piobaire]

I took out another $50k loan to buy stonks on monday (after the close so orders thankfully didn't go in until Tuesday morning).

Hard to turn down the 2% loans M1 Finance is offering...and since the home search is paused, I'm free to lever up!

This is the way. Triple leveraged, I hope?

 

[otc]

M1 only lets you borrow 35% of your equity, so...that'd be a max of 1.35X leverage if I borrowed it all

Although I suppose I could buy a triple leveraged ETF. Then I'd be at quadruple leverage!

 

[Piobaire]

That's really pretty good as my Fidelity margin is 4.5% for the first 100k then goes down somewhat. I don't use margin but having that designation means you don't have to wait for funds to settle to use them for another purchase.

 

[usctrojans31]

I just took money from a loanshark at 45% interest rate and the middle toe of my left foot. I couldn't negotiate the pinky toe. Now I look like a fourple leveraged pig.

 

[Omega Male]

Wait, you guys gamble invest your own money? Jesus Christ that's irresponsible.

 

[PhilKenSebben]

Wait, you guys gamble invest your own money? Jesus Christ that's irresponsible.

Does this commentary hold up if you invest your wife's money?

 

[Omega Male]

Banned.