Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

What do you have? I have cruise, airline, TRTX, and GPMT and they’re doing pretty well so far

 

I sold that call yesterday for 50% profit. I'm not a greedy man. lol

 

Yea, they aren’t down, just lost some sizzle. I dumped that cruise stuff, I was thinking about it too much. I don’t like holding stuff I think about. When carnival started talking about starting with some ships this fall with only using half the rooms or something, I lost my stomach for it. So they’ll be up 200% in no time.

 

My day gains are decent still. Overnight optimism will probably meet Friday trends later in the day though.

 

You're old...

 

No shit. 62 in a few months.

Feel like I'm 30 though. I could retire, wife wants to work 1 or 2 more years - and would expect me to stay home...laundry, clean toilets, dishes, cook...........may as well get well paid.

 

I'll be 56 in July, but have a 10yo, so I'll be working until I'm 67ish.

 

Youngest daughter was to be married in May but wedding is on covidhold now. Done will college. Living with us now again. Oh we were REALLY looking forward to that wedding day!!

 

Oh and I have a work buddy who is 61 with an 8 yo and 10 yo. Oopsies.

 

Would be a win either way ... wish I had the extra funds for more.

 

For stock positions NVDA is 40% of my portfolio. They have been for 5 years. They are a solid company with strong growth and that's not going to change in our lifetime.

 

That’s quite a bit of weight, but it will probably work out well. You’ll probably beat the market for a while that way.

 

186% ROI(unrealized). I'll keep them until I retire then cash out.

 

nice, when did you invest in them?

 

Started 5 years ago and keep adding to my position every year. I just wait for them to dip then buy some more. I also play options on them when I think they are undervalued. That has worked out very well for me.

 

do you take advantage of low premiums? I don't have the balls to play options. That being said, when I do, I usually buy super cheap OTM ones so that's probably why they don't work out for me

 

which way are we going next? place yer bets

 

Both

 

Buying OTM money options is like throwing a Hail Mary. I never buy OTM. I always buy ITM and at least 30 days till expiry. This is what works more often then not for me.

I use Bollinger Bands, 50 Day SMA and 100 bar support and resistance. Once a stock moves below the SMA, get's close or below resitance, and the Bollingers start to choke point, I buy an ITM call with at least 30 days until expiry. Then I set a trailing stop at a 10% loss. Then I sit back and wait.

That trailing stop limits me to a 10% loss. If it triggers I was wrong and it was a contraction not an expansion. If I'm right I just keep an eye on the stock. If it gains I'll move the trailing stop up to lock in profit. If it keeps gaining I'll keep moving the stop. Eventually I sell.