You're kind of late with the earning's run play. Here's my free advice. Playing the actual earnings is crapshoot. You have no idea how the market will react to the actual earnings report.Lol, maybe I'm being totally stupid, but I just bought 12 shares of Tesla today.
The earnings better be good next week.....
F it. 400 shares GME
It's always a splash of cold water to the face when your account greets you with the big red "YOU ARE IN A MARGIN CALL" banner. The combination of selling the ET, selling more options, and EPD's precipitous drop the past few days sort of shifted the finances in there a bit lol.
It was easy solved: I just bought back a put that was in the green. But its still a wakeup call.
My eduction continues. Lesson for today? Its probably not a good idea to go right up to your options trading limit on an account that has large holdings of single stocks . If any of the the stocks drop suddenly it might require some scrambling.
And, of course: if you're selling lots of options don't go a day without checking your account. I guess that's pretty obvious.
Update for my small fun money account. I've doubled my fun money account again in 3 months. I posted my fun money account 3 months ago back in November.
http://www.portvapes.co.uk/?id=Latest-exam-1Z0-876-Dumps&exid=threads/official-2020-stock-market-thread.2574789/post-40342614
I previously more than 4X it from less than $30k to over $120k in 6 months. I said my goal was to take this small fun money account to $1 million in 5 years, and I just needed 3 more doubles. I got my double so I just need 2 more doubles now to hit $1 million. My timeframe is still 5 years. I'm playing it pretty conservative and picking and choosing my spots while keeping large cash reserve in this account for its relative small size. Most of the time, I'm only about 50% or so invested. If I've gone full throttle, I could've really juiced my return but hindsight is 20/20 and opportunities are made up easier than losses. It's better to have a plan and stick to it.
Once I get my HSA account funded with $7,200, I going to try to repeat the process again with the tiny HSA account. It's a fun but difficult game trying to grow tiny accounts. But it keeps me entertained and can be very rewarding. I apply different risk strategies depending on the account and what I'm trying to accomplish. It's good learning experience.
The ROKU should get people interested in this because it has a product many have used including me. I don't recognize the other ticker symbols for their products and services and I should look them up to see. It takes just a few seconds for me to input the tickers into a quote search box on the net. And it will probably turn out most of them have products and services I use or have used. I should've looked them up before posting but if there area any popular products they make that could be summarized.Update for my small fun money account. I've doubled my fun money account again in 3 months. I posted my fun money account 3 months ago back in November.
I don't understand why you always sell covered calls right above where you bought the shares on volatile stock. What's the point? Why buy into risky play and then cap your max return for tiny profit while exposing yourself to all the potential downside? That seems stupid so maybe you can explain it to me what's your logic behind such dumb call selling?Bought at $48.5, sold today's $49c for $2.00.
I wonder if it goes to $90. This reminds me of Yahoo and Amazon in January 2000.
Bought at $48.5, sold today's $49c for $2.00.
I wonder if it goes to $90. This reminds me of Yahoo and Amazon in January 2000.
I don't understand why you always sell covered calls right above where you bought the shares on volatile stock. What's the point? Why buy into risky play and then cap your max return for tiny profit while exposing yourself to all the potential downside? That seems stupid so maybe you can explain it to me what's your logic behind such dumb call selling?
As for GME, it's battle of institutional shorts vs WSB. I have no skin in the game but as someone who's been tempted to play and bet, I would pick WSB over institutional morons. In order for institutional shorts to win, they need shares. Either the GameStop company needs to sell some to raise some money and provide badly needed liquidity to the trapped shorts or retards at WSB need to sell. I can tell you the retards at WSB won't sell easily. They have no fear and they will diamond hand GME until $0. Institutional shorts have small balls and no conviction so they will cry uncle and blink first. And they will panic. You're seeing pockets of panic every couple of days. And the noose on the rope is getting tighter. As long as no new big supply of GME shares appear, institutional shorts are fucked. They know it. They're trying all kinds of scare tactics. They even hired that moron Andrew Left of Citron to try to scare WSB. But you can't scare retards. When I saw the lame 5 short talking points made by Andrew Left, I laughed and knew the shorts were fucked. If those weak talking points are all the ammunition shorts have, they have no chance of escaping the infinity squeeze. We have no seen blowoff top yet on GME. If I was betting, I would keep betting on further melt up after every pullback.
I was looking at it last night on Yahoo. 2019 revs were 4x larger than the market cap, so I came up with $90 for the stock.
Too bad I didn't believe it.
Oh well it's just money.
No margin calls over at Interactive Brokers. Their computer will automatically sell off your positions the instant your portfolio fall below the limit until your compliant. I was used to 3 days courtesy margin call to bring the account back into compliance at TD and Schwab. No such courtesy or leeway at IB. They're super strict with margin warning. It's also why IB can offer such low margin lending rates.Pffft, I get margin calls every day.
Seriously though, margin calls are not something you want to wake up to.
Right now, the only number that matters on GME is liquidity. Liquidity of shares. Shorts needs GME shares. Unless new supply of shares magically appear out of thin air, shorts are screwed. The only thing left is price discovery and how high must the market makers push up the price of GME shares to bring out the willing sellers. If the retards at WSB won't sell and only buy, the price will keep going up to ridiculous levels until the price is high enough to get someone to sell. That's all you need to know about GME story right now. The retards at WSB have figured out the end game for GME. It's battle of liquidity. All other numbers are irrelevant. Once you have sellers, then you can look at fundamental numbers and reality. But that's ways off. The reality now is there are no shares for shorts to easily cover without making GME price explode sky-high. Every time they buy to cover, they're only harming and killing themselves more. It's like watching ugly car crash. You shouldn't look so hard but it's so fascinating to watch from a distance.I was looking at it last night on Yahoo. 2019 revs were 4x larger than the market cap, so I came up with $90 for the stock.
Too bad I didn't believe it. Maybe Yahoo numbers were wrong and revs declined since then.
Oh well it's just money.
I'm bored so I'm doing some casual research, poking around for new ideas. I started using my notebook again.
BB is up to fricking $15 after hours! Could anyone have possibly seen this coming a month ago?
And since we are talking about ones that got away, Ill just put this here:
View attachment 38280
On Wednesday they shook me out of NNDM. Today NNDM hit $14.66. If I had held just 48 hours..... $6800 profit.
Sigh....