OT: Lets talk about stocks (Part 2)

[canucklover123]

Picked up some RKT calls, thinking tomorrow and wednesday it will run a bit going into earnings

 

[Habs]

How much Ethereum you guys have ?

1 , I have a love hate issue with ETH. Nobody is going to be able to afford gas fees, 2.0 doesn't solve this.. and unless you have 32 ETH you won't be staking it either. I think that's another reason why ADA makes a huge run, and DOT.

I'm all in on OMI, CAKE and VeChain right now. I see cake CAKE hitting 200$ by end of summer, so I'm staking it at 105 %APY

 

[QuebecPride]

VTI is the way to go. It has every US stock in it (over 3600) and the fee is .03%.

I prefer VT personally, but they're both traded in the US. I was specifically mentionning those options for people in Canada.

 

[Conflicted Habs fan]

I have 2 Ethereum coins and bought them when they were $1650 CAD, it's now May 3..HOLY COW it went up again, now it's $4065.
I wish I bought more.
I went on a hunch tipped off by Michaela Peterson interview earlier this year in February
Also bought 900 shares of XRP at 0.75 each also back in February, now it's $1.9. Elan Musk recommended

 

[Habs]

You havent missed out yet. Almost every observer believes Eth will hit 10k USD before 2022. If you buy now you can still triple your money.

***Not financial advice***

Here's why I don't buy the ETH projections - Cardano and BNB. Once ADA gets their crap together, it's taking off.. but we have been saying this forever. However with the Binanace Smart Chain.. NFT'S ARE COMING, plus look how many new projects are heading that way. However if ETH does hit 5k, that means BTC will be over 80K so its a win/win for most holders.

Personally I won't buy any more projects based on ETH right now, because it is too expensive to trade them.

 

[LMFAO]

1 , I have a love hate issue with ETH. Nobody is going to be able to afford gas fees, 2.0 doesn't solve this.. and unless you have 32 ETH you won't be staking it either. I think that's another reason why ADA makes a huge run, and DOT.

I'm all in on OMI, CAKE and VeChain right now. I see cake CAKE hitting 200$ by end of summer, so I'm staking it at 105 %APY

Ethereum gas fees are at its lowest in a while now and laying 2 scaling solutions will absolutely solve this and it's just a couple months away.

Guess what Ethereum, Cardano and Polkadot can and will coexist, one having success does not mean another will fail.

 

[Scintillating10]

You havent missed out yet. Almost every observer believes Eth will hit 10k USD before 2022. If you buy now you can still triple your money.

***Not financial advice***

I've heard that stuff before about Bitcoin. Going to be 100k this summer, 200k by end of 2021. Been on 60k for 3 months

 

[LMFAO]

I've heard that stuff before about Bitcoin. Going to be 100k this summer, 200k by end of 2021. Been on 60k for 3 months

yeah right Ether only doubled in price in the past 3 months.

 

[canucklover123]

I have a portfolio just of revenue producing spacs in one of my accounts, we’re getting sent to the slaughterhouse right now

 

[Habs]

I need to pay someone to teach me how to trade options it appears, looks like a lot of stocks on sale today.

 

[Scintillating10]

yeah right Ether only doubled in price in the past 3 months.

I can't make a cent in bitcoin

 

[LMFAO]

I can't make a cent in bitcoin

Then buy Eth lol

 

[montreal]

I need to pay someone to teach me how to trade options it appears, looks like a lot of stocks on sale today.

I trade a lot of options, it's a tough way to make money unless you have a decent amount of cash. I buy mostly out of the money calls, I don't suggest doing that.

 

[Habs]

I trade a lot of options, it's a tough way to make money unless you have a decent amount of cash. I buy mostly out of the money calls, I don't suggest doing that.

thanks for the tip, seemed like a better way in today's market.

 

[montreal]

thanks for the tip, seemed like a better way in today's market.

that OCGN you bought, I don't know them but if you really think they will take off, you could get the Jan 2022's. The 10 dollar strike is going for about 7 bucks, so 1 call would cost you 700 bucks and you would then have 100 shares that you can exercise at 10 bucks on Jan 22nd, 2022. The 15 dollar strike is going for around 5.5 so it would cost you 550 bucks for 1 call.

 

[dinodebino]

Then buy Eth lol

Yeah, I put some cash on btc and eth about 6 weeks ago and alread made about 15-17%, which is good. I should have placed more on Eth. From what I'm reading everywhere, Eth COULD (je dis bien could) go up to 10k.

 

[llamateizer]

I have a portfolio just of revenue producing spacs in one of my accounts, we’re getting sent to the slaughterhouse right now

growth and spacs are getting rekt hard.

I cannot longer lower my avg for a 3rd straight time.

I can't make a cent in bitcoin

I make 2.41$ if I sell right now
we're pretty much back to starting point of few months ago.

Yeah, I put some cash on btc and eth about 6 weeks ago and alread made about 15-17%, which is good. I should have placed more on Eth. From what I'm reading everywhere, Eth COULD (je dis bien could) go up to 10k.

I'm glad that there is some setback for ETH.
I'm at 80% gains, not sure what I'll do

 

[japhi]

Pretty interesting reading WSB's these last few weeks, you would think the market was full on crashing. Which it isn't, SP and DOW still are near ATH's. Retail was heavily overweighed tech and this rotation is going to crush a lot of the new entrants that started "investing" during one of the great bull runs of all time, the 12 months following the Pandemic crash.

Folks are going to realize they actually don't know much about the markets and that the game is mostly rigged, and the only way for the long term retail investor to win over the long haul is index funds. Or significant research and balance in a self directed portfolio - which is pretty hard without 500K plus and lots of time to dedicate to reading, analyzing, and rebalancing.

What will be interesting is how long that new retail / WSB money can stay invested. There will be a tipping point and when money starts fleeing these meme stocks, look out, some of these stocks will revert back to realistic market values, and fast Some of these companies are 1B true value with 10B market caps. Going to be ugly when the tide goes out, and it will, it always does.

 

[Scintillating10]

I

growth and spacs are getting rekt hard.

I cannot longer lower my avg for a 3rd straight time.


I make 2.41$ if I sell right now
we're pretty much back to starting point of few months ago.




I'm glad that there is some setback for ETH.
I'm at 80% gains, not sure what I'll do

I am discouraged with bitcoin. Came with big billing. But wish i never got into it now

 

[Habs]

that OCGN you bought, I don't know them but if you really think they will take off, you could get the Jan 2022's. The 10 dollar strike is going for about 7 bucks, so 1 call would cost you 700 bucks and you would then have 100 shares that you can exercise at 10 bucks on Jan 22nd, 2022. The 15 dollar strike is going for around 5.5 so it would cost you 550 bucks for 1 call.

Thank you, they have an earnings call coming soon. If they get FDA approval I think its a 50$ stock pretty easily, maybe much higher. From what I understand, if it doesn't work out, I just am out the contract cost?

 

[BehindTheTimes]

Pretty interesting reading WSB's these last few weeks, you would think the market was full on crashing. Which it isn't, SP and DOW still are near ATH's. Retail was heavily overweighed tech and this rotation is going to crush a lot of the new entrants that started "investing" during one of the great bull runs of all time, the 12 months following the Pandemic crash.

Folks are going to realize they actually don't know much about the markets and that the game is mostly rigged, and the only way for the long term retail investor to win over the long haul is index funds. Or significant research and balance in a self directed portfolio - which is pretty hard without 500K plus and lots of time to dedicate to reading, analyzing, and rebalancing.

What will be interesting is how long that new retail / WSB money can stay invested. There will be a tipping point and when money starts fleeing these meme stocks, look out, some of these stocks will revert back to realistic market values, and fast Some of these companies are 1B true value with 10B market caps. Going to be ugly when the tide goes out, and it will, it always does.

The game is most definitely rigged against retail investors, but wsb was always about the yolo type posts with a bunch of posts about their loss porn. There are a fair amount of knowledgeable investors there too. I still think gme should moon, I’ve held through it all. 40$ lows etc. Still up significantly on that bet. We will see how rigged the game truly is.
I agree with the rest of your post.


I put a good chunk into btc and I’m still almost up 100% of my investment. I expected it to keep climbing throughout the summer. Hard to know what is going on there with the relatively sideways trading the last little bit. I did not expect eth to take off like it has. Probably should have diversified a bit more there. I’m still not sold on eth.

 

[Habs]

I can't make a cent in bitcoin

My safety basket is CAKE . I put it all in a CAKE pool where I get 220% APY. Since cake is now at around 40, and I think it will hit 150 by years end.. I'm getting free tokens to do nothing. End of year I'll take it out, and then put it all in a USDT pool at 35%

I can figure out crypto, but stocks I can't get a feel for lol

 

[montreal]

Thank you, they have an earnings call coming soon. If they get FDA approval I think its a 50$ stock pretty easily, maybe much higher. From what I understand, if it doesn't work out, I just am out the contract cost?

correct, you only lose what it costs to buy the calls or puts. So if you buy 1 call and it costs 700 bucks, that's the most you can lose. With the 10 dollar strike, it's much better to buy the in the money calls but of course you will pay a lot more for them. This way it's not likely that you would lose all 700, since it's 2.5 over the strike price.

Now if you wanted to play it vs the earnings, which with bios I wouldn't recommend, you could get he May 21, 2021 calls. The 12.50 strike is trading at 2.5 so you would be looking at 250 bucks for every call. It's a lot more risk due to time value money, since you only have 2 1/2 weeks and it's at the money so if it drops a buck or two, you call will take a major hit to like .50 or worse.

 

[Habs]

correct, you only lose what it costs to buy the calls or puts. So if you buy 1 call and it costs 700 bucks, that's the most you can lose. With the 10 dollar strike, it's much better to buy the in the money calls but of course you will pay a lot more for them. This way it's not likely that you would lose all 700, since it's 2.5 over the strike price.

Now if you wanted to play it vs the earnings, which with bios I wouldn't recommend, you could get he May 21, 2021 calls. The 12.50 strike is trading at 2.5 so you would be looking at 250 bucks for every call. It's a lot more risk due to time value money, since you only have 2 1/2 weeks and it's at the money so if it drops a buck or two, you call will take a major hit to like .50 or worse.

Thanks again, do you use BMO for option trading? Is one platform better than the other? I really want to learn a bit more about it, and see if its right for me.

 

[canucklover123]

Picked up some RKT calls, thinking tomorrow and wednesday it will run a bit going into earnings

Update: pain.