Probably true.
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I think in general Wall street bets is more sophisticated than consensus believes. Iād expect they have a median income higher than the country. Would be interesting to know the actual traits, just a hunch
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I agree. Considering that 60% American households have difficulties to cough up $400 for an emergency (in pre-pandemic time), a bunch of chads betting few grand on a speculative stock are definitely a privileged group. They might be considered āminionsā on Wall Street but they definitely arenāt your typical Main Street dudes.
average net worth in the us 400k. median net worth i nthe us 80k. bunch oif poors.
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Nery what would happen to your self-perception if you would, for some reason, become a negative NPV person? 
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would not affect it. those are facts. a large percent of americans are not as rich as people think. with that said, i do believe that we should have a safety net, but this safety net should apply to everyone, not just the poors. if inflation were to occur, then let it begin with me!
Guys this is not good.
Iām totally ā ā ā ā ā ā ā
Tomorrow E*trade will be forcing me to buy 3,800 shares of Palantire at $37.00 a piece, and theyāll be buying 200 shares of Tesla for me at $740ā¦
My portfolio will be
PLTR - 3800 shares
TSLA - 300 shares (plus 1 short call for Feb at $825)
JMIA - 1000 shares (plus 10 short calls for Feb at $45)
So, come Monday, Iāll either be a millionaire, or sent to prison.
DOW was right. I ā ā ā ā ā ā up. I am playing with fire, and Iām pretty sure where the market is going or indicated to us this week that next week itās going to fist ā ā ā ā me seven hundred different ways.
Are you leveraged?
I donāt see the risk. If I understood correctly, youāll be long three stocks and then two short calls. But those are for feb and covered.
So in near term, youāll be just long.
ā ā ā ā yeah Iām leveraged. Momma aināt raise no beeeyatch.
At closing prices today, Iāll have about $430k worth of securities in my account and with their margin requirements on those securities I can only have about $300k.
So, Iāll have a margin call tomorrow. Iāll post a pic with whatever it is.
But, they have to sell ~140k worth of stocks on Monday from my account. If they do this when prices are falling, it ā ā ā ā ā me. If prices rise though however, OP will get away with murderā¦ again.
IDK, maybe it works out in my favor and the planets make it up for me missing out on my AMC gains.
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If youād liquidate everything first thing come monday at the current prices, how much would you pocket? Looking at the musical chairs type of ā ā ā ā ās thatās going on, Iād probably do that if I were you. But then again, you are you and thatās why youāre sitting on that powder keg
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I can exit stage left right now for $143k. Was at $150k at one point today.
Craziest part is on Jan 5th my acc closed over $100k for the first time. So, a $51k gain in one month isnāt something Iām too salty with.
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Iād exit.
Itās not called panicking if youāre the first one out the door!
FOMO is a beach. Cut and run while you canā¦you were paid $51k to be a part of history brother! Donāt get greedy.
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Knowing when to sell is just as important as when to buy. I hope it works out for you. I really donāt want you to end up with less money than you started, although I still believe that is the modal outcome from this strategy you are pursing.
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^what they said. Exit and start investing like a rational investor lol
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monday most likely will be a dead cat bounce
so your exposure is essentially? 238k tsla. 133k pltr. and 57k jmia. and you have 300k expsoure at max margin, but a current exposure of 428k. the good news ur up 51k, so you can have a combined drop of 12% b4 first blood. not too sure how volatile those 2 cos are, but id say you are pretty safe.
on what i would do. jmia is near profit cap so you could just get rid of that. sell a portion of tsla to meet margin. to try and balance out position. so youāll have close to 170k tsla, and 130k pltr. just pray for those 2 cos i guess lol.
YEA! Lol. Dudeā¦ thatās INSANE!
Way toooo much money on the line hefe
As one wise man once said āyou donāt have too much leverage unless you wake yourself up screamingā
Thus, the question is, do you wake yourself up screaming?
Iām kidding.
But in all seriousness, if you continue playing with derivatives like that, the reaper will come one day. It might not be on Monday, it might not be this year, but the judgement day will come. The law of large numbers are working against you. And one bad trade can screw up your lifetime gains.
Youāre a young gun trying to find your own trading strategy. Keep in mind that the strategy you choose should be more or less sustainable in long term. An investment strategy based on derivatives is not feasible.
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I donāt think itās the derivatives. It is the asymmetric risk profile. If the strategy didnāt have such a large risk of ruin from fairly common occurrences, it wouldnāt be as concerning. SSO uses derivatives but I think itās a good strategy.
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