The StoNks thread

[Mblake1981]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

damn blakes right thats true though.

Like it or not.

Get off the dang roof!

[Patriam1066]

Originally Posted by Mblake1981 [You must be logged in to view images. Log in or Register.]

Thank you, foreigner, for proving my point. You have done this before here but I never rubbed it in your face, I mean its rude to do so (in all honesty).

Here, you will truly have to forgive me if my words confuse you, I will repeat something I said to you before.

"On the 4th of July we do not celebrate Democracy, we celebrate our Independence."

I think this cannot be helped and perhaps your children or grandchildren here will intuitively understand the difference.

You took no part in it either. I speak of time, not location

[Mblake1981]

Originally Posted by Patriam1066 [You must be logged in to view images. Log in or Register.]

You took no part in it either. I speak of time, not location

Born in it and raised in it and refuse to be spoken to about it in this manner from an Adobe. You can continue being the outsider. [You must be logged in to view images. Log in or Register.]

No, I took no part in it. I just came along later. You and Doug Stanhope have your points but the both of you can sit on a lit stick of dynamite.

[bubur]

well gentlemen, are we goin 100% cash at open tomorrow?

[Pulgasari]

Originally Posted by imperiouskitten [You must be logged in to view images. Log in or Register.]

i am not rly sure how it was decided that debt doesn't matter, but the answer is contained in MMT. IE it seems to be a tenet of MMT. maybe someone else could explain it to me.

we got hit pretty hard the last few weeks on stonks & coins [You must be logged in to view images. Log in or Register.] ow

It's like this

[Gwaihir]

Originally Posted by bubur [You must be logged in to view images. Log in or Register.]

well gentlemen, are we goin 100% cash at open tomorrow?

In my RH account this week:

I exitted the 325/322 put credit spreads (6) on QQQ expiring tomorrow that I sold early Monday morning saying this week would not lose more than 0.5% (believing the nasdaq has reached the bottom of this past 3 months' pullback).

I sold them for 105$ each at a exit price of 40$ each effectively netting 65$ x 6 (390$) against the 1170$ I risked: a 33% gain.

I'm still in all of my Put credit spreads with a January 2023 expiration (wpm 45/35, dfen 20/19, et 10/7, and et 15/7) as I have no intention of exitting them at all since they are double-ups and triple-ups and quadruple-ups coming in at the long term capital gains rate if I hold them till at least may of 2022.

Basically, I take a portion of my wins from short-term wins and parlay them into even bigger long-term wins.

[Gwaihir]

The reason why I exitted, is because I extracted 65% of their maximum value, and it's highly likely that tomorrow will pare some of today's gain just because today was so fire, and I didn't want to risk dumbfucks starting a selloff when the market opens tomorrow slightly in the red.

My estimate:. QQQ closes at 327.30 tomorrow, for a net gain of 0.3% on the week.

I spent the last 30 minutes of trading trying to get into an iron condor position for 6 contracts with a put spread of 325/324 and a call spread of 330/331 for 66$ per contract in premiums (against my $34 x 6 = 204$) but the mark price oscillated between 62 and 67 but didn't execute for a max gain of 396$.

if the price tomorrow closes between 325 and 330 tomorrow I'm gonna be sad in the pants that I didn't drop my sell price to 60 just to get the position at 4$ below mark since deviating from the mark by 1 penny on all 4 wings of the condor pretty much assures an instant buyer on tightly traded options like SPY DIA and QQQ but the situation I was trying to get into was risking half of the weeks to double this week's gains.

[Gwaihir]

I should add, yesterday opening QQQ after a Monday+Tuesday slide down @ 317$ looked I was gonna be taking a complete loss with traders offering 375$ to exit with an 800$ loss but I figured what's the point of cashing out with a 75% loss and erasing the prior two weeks gains

[Gwaihir]

Screenshot_20210520-223439.jpg

Note, the bottom of the arc yesterday showed an account balance of 2036: a $1200 swing down from where I exitted today. Not for the squeamish

[Gwaihir]

As for crypto: I like BSV right now. Down 36% from last months high, while not getting much action from this year's crypto rally making it due for some "catching up" with the market overall, which puts it at a 400 to 500$ price target if it does in the next surge circa the first week of july