Economy stonks v13, gamestonkegeddon

rob mafia said:
the higher gnus goes, the more .50 puts i sell.

shit, i shouldn't post this. cnbc's gonna shut me down.
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Are you selling puts when prices dip and exiting the put when its peaking? Rinse/repeat?
 
Wow WSB is orgasmic posting today LOLOL!
 
kahiljabroni said:
Are you selling puts when prices dip and exiting the put when its peaking? Rinse/repeat?
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lolz, no. gnus is up like 50% today or something. it's why it's notable... i just had a bunch of .50 puts placed at various strikes and the 2/19 and 2/26 executed.

so i sold more 2/19. they're all being gobbled up. likely a trader who's banking on gnus dropping back toward 1/1.50 and hoping to unload them to a bagholder.
 
kahiljabroni said:
Thinking about using my profits to buy real companies like Amazon and shop right meow. Thoughts?
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Its funny the regulars in this thread all have different trading styles.
@brackis1 and @rob mafia are like Knish in Rounders(John Tuturro) where they are just grinding profit and making a living .
Then you have @Wadtucket who goes full $WAD and YOLOing his ass off.
All 3 are making money.
Then me. I am long term in about 75% of my stocks. Typically only buy what I will hold long term. So I have to believe in the product or the CEO, plus I study charts. I have been in the game for a while and probably older than most of you dudes. First stock I bought is $USAT(internet phone company and one day will tell that story, which is crazy, thought I was going to jail), which was given to me by a bar regular. Turned $300 into over a grand and sunk that profit in Lucent and never looked back.
I Bought GE just because of the CEO. Bought $MVIS because I believe in the tech. I also gamble on shit, which I did with $AMC, and already in and out of $EXPR(something I never intended to hold) and I take those profits and sink into blue chips. So for me personally, I like the strategy of taking gambles and taking those earnings and parking them in Blue Chips. Those Blue Chips are my retirement along with my 3 Vanguard funds.
Not all my gambles have paid off. I am stuck with some COVID gambles that I will be bag holding for a while, but have enough resources where I can wait out to break even. I know I should sell, but kind of stubborn with selling for a loss.
Cliffs
Good strategy to park profits in blue chips. Sure its boring but we do this to make money.
 
Hadron90 said:
Why should they be? Melvin made a stupid play with unlimited risk.
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It's going to expose the shit show that is trading and potentially lead to more regulations.

Fuck Melvin though, but when a bunch of young folks have something like this backfire the regs may start to care.
 
brackis1 said:
It's not.
It's like thinking that the physiology of the average human has evolved because someone is taking steroids for a short period of time.
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Idk. Using the same analogy it could be that the entire human populace was taking steroids. The next few generations would be different, even if slightly. I don’t think retail investors are ever going completely away. Average joes have been getting flat out rich for the last year. I mean wealthy.

It’s not just going away.
 
fcac popped a little on some healthcare rumour... so i'm out of that with a small gain.

fed - no rate change. no surprise.
 
Final Say said:
Idk. Using the same analogy it could be that the entire human populace was taking steroids. The next few generations would be different, even if slightly. I don’t think retail investors are ever going completely away. Average joes have been getting flat out rich for the last year. I mean wealthy.

It’s not just going away.
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Yeah just like if everyone bought 2 houses with no down payment in 2007 it was gonna create new wealth by allowing people to become landlords AND homeowners -_-
 
skysolo said:
Justin Jackson has been on it lately.

We all know that our congress and president are going to bend themselves over backwards to bailout their corporate friends.

Which will pass first, help for wall street or $2000?



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Yeah great take lol; I always love getting financial advice from NFL players they have a great track record of financial stability and understanding of the world.
 
brackis1 said:
Yeah just like if everyone bought 2 houses with no down payment in 2007 it was gonna create new wealth by allowing people to become landlords AND homeowners -_-
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i mean, you know thats a little different

hey im not saying wall street will forever be changed and itll be the wild west and all us little guys will all be rich. im just saying the norm of the last few years (if not the last few decades) seems to be shifting. people are getting educated. we look at WSB and these discords and fintwit and see a lot of idiots, thats a fact. but there are also some really smart guys making a lot of money and sharing their knowledge. slowly but surely people are learning and trying to take advantage and take a piece. hell im one of them. im nowhere near an expert but i was a total beginner less than a year ago and ive been knee deep in this shit ever since, ive learned so much. all it takes is a little will and a half a brain and you can make something happen here. GME is an extreme example obviously, but i think it signifies a bit of a change, for sure.

as always the big guns and their super computers will find a way, but these apps and phones and retail investors who have won big are not going anywhere. theres a shift happening.

all that said, there will be a pullback at some point and a lot of average joes will lose a shit load of money. luckily i learned my lesson after the post corona bull run and ill be safe, im sure you will be too, but even after a lot of retailers lose their ass, things will still be different.
 
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