back in the day a nigga used to be ass out now a nigga holding several money market accounts
Elijah Sanders
SHUT YOUR MOUF
Justin Brooks
The next president of the United States is Kopmala Harris. How do I profit off this?
Kayden Mitchell
L O D S
Owen Evans
i said i was only a few $k in last thread but the truth is i'm already around $10k deep and might drop another $1k or $2k on Tuesday. Bought ~$1k on monday opening under $6. By Wednesday I was convinced of the momentum towards a short squeeze so I liquidated my TSM and QQC (TSE version of QQQ) to put it all into GME. Squeeze got delayed because of the Thursday dump but at least I dodged the tech bloodbath. There's an user in the last thread that says he's $200k deep in calls. I don't think he's posted proof yet but i think he's legit. pic related proof. And I want to increase my position after doing more DD on GME's situation. It's a coinflip I'm ok risking. For context, I am gambling my gap year money while I'm still in uni.
If it goes bad, it wouldn't be the first time I've been down almost 40% on $10K (weed stock FOMO back in 2018 during my gap year) to eventually break even. At least this time I actually did my DD, understand the risks, and why I'm proceeding with it anyways. And I can recover from it.
I’d rather risk $1000 for 10 contracts for a potential profit of around $200k if the stock squeezes up to a conservative $36 heheh. My downside is losing the full $1k.
With stocks I could get around 125 shares for $1k and sell for around $4.5k At $36 share price. My risk here is obviously only based on stock value.
If I’m rolling the dice anyway I’d rather get high reward for really not much higher risk.
How do I get a good feel for knowing how much of a stop loss I should use? I usually don't put any more than about $10 loss unless I know the stock can fluctuate or if I have a lot of shares.
Expensive only exists if you're losing money. If you gain money off of them they were cheap.
Mason Nelson
here in Canada, we can trade stocks with a TFSA (tax free) and options are a gray area with it even if some brokers do allow it. I get how options would be so fucking lucrative with this, but we are so cucked and have to pay 40% taxes on capital gains outside of exceptions like a TFSA. 40% fucking percent.
i dunno how i'd live in this cuck country if TFSAs weren't a thing.
Austin White
he probably did my bad
Jacob Nelson
Around $115 per contract for January, that’s an excellent price. Assuming market continues to correct Tuesday it will be even cheaper.
Maybe looking at something like the ATR will provide you a rule of thumb. It'll give you an idea of how much the stock moves around in a day. You can try playing around with 1x, 1.5x, or 2x for a stop loss.
