Good luck man 
I kind of like the idea of having a small percentage of net worth in risky assets though. Like having a percent of net worth ain’t going to destroy you,
Margin call is only $84k. The maintenance on Tesla went down to 40%. PLTR is 75%.
How is it going?
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What’s wrong with being a Derek?
Funny me - I had no idea what Chad meant. I assumed (mistakenly) that we were talking about Chad Sandstedt. I was like, “D*mn, these guys just straight-up hatin’ on the Godfather of AF himself. What did he do to deserve this?”
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Bro, do you even meme?
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Account is hovering around 149K right now. Been as high as $155 this week, and as low as $140.
I was about $136 before I wrote those puts. This increase in tesla stock has tremendously helped. But, I’m going to completely divest from TSLA soon and just be 50/50 JMIA/PLTR with $100k each, and just continously sell calls on the stock I own.
That’s my retirement strategy right there. It’ll probably work too because no one else on here will say it’s wise. lol.
It’s the best of both worlds. The middle ground. The guy who is in touch with his feminine side, but still makes superior returns.
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Don’t know about the “feminine side” part. But that’s just me.
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Aaannnd the bubble bursts. Even though I have no horse in the race, I’m conflicted in my emotions. On one hand it was so painstakingly obvious this would end in disaster, and I’m pleased these kids learned a hard lesson… but on the other I feel sort of sorry for some of the larger players who got caught up in this.
There were pics of people piling in 500k+ in GME at 300+/share. One kid even gloated that he maxed his student line of credit because it was free money. Ultimately there are no shortcuts.
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I don’t know about everyone else but I’m about to make 4 whole American dollars this week, gross of fees, from writing a single BB call with 15 strike price and Feb 5 expiry. Take that all the haters!!!
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I saw some messages from an unemployed 28yr old guy who had put all of his savings ($200k) into this speculation. And yeah, he lost 70% of it.
I wonder if these numbnuts understand that they are gambling with real money. It’s like they would be living in some fantasy la-la-land where gains are real and losses material for funny loss-porn posts.
Human stupidity never ceases to amaze me.
I think that it was Charles Mugner once said that the key of success is trying to be consistently not stupid instead of trying to be very intelligent.
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When the shoe shine boy starts giving stock tips, it’s time to sell everything and run.
Portfolio is gonna close above $150k today for the first time boyos.
I’m stoked.
edit: Honestly though, I woulda been here a long time ago. But I had to buy snowboard ■■■■ and what not.
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Make that money
Many have been donating to charity, which is fine and all, but being the self-described “retards” they are, none are thinking of the cap gains their going to have to pay.
Happened a few years ago with the bitcoin bubble. Some of the people that cashed out immediately spent it all and had nothing when the IRS came knocking.
There’s a reason they’re called dumb money.
Still fun to watch.
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Maybe theyre hoping for that Bernake/Yellen/Powell Put or a bail-out? Isn’t that what often happens when ■■■■ hits the fan?
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Bailout for the Redditors? Never. Politicians don’t get the same kind of donations from people like u/mycatsballsarenice as, say, Soros.
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i can tell you that a lot of them never paid taxes on any of hte bitcoin gains. irs didnt check back then i think.
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Those that kept their money in their online wallets weren’t detected. But unless you just want to use your gains on weird porn sites, you have to get it back in the system eventually.
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