Mdawgs Investments
Interesting thing happened. I had sell order for my 100 TRIP at $49.10. It was trading around $46. I get a notice of a ‘partial fill’ that I sold 10 shares at $49.10. If you follow the prices it never was close to $49.10. This was premarket 15 minutes before the open. I could have easily rebought at the open for $46 had I wanted to.
I’ve been thinking..... should I put a bunch of unreasonable sell orders in just in case something like this will happen again?
Quote: MDawgAt least 2/3 of your puts should remain in the money throughout today though, even if TSLA starts to rally heavily. I would have sold them yesterday. With the time decay reduction in value you'd have needed a big drop today to make them more valuable than they were yesterday.
Over all, the tech market has taken a beating this week and is due to recover, if not today, soon.
TLSA already took out your one 677 option, and the second one at 680 is on the verge of being taken out. If this keeps up, between loss of premium on those two, you'll be lucky to break even over all.
My advice on options is not to go for the home run. MOST options hit a sweet spot of highest valuation at some point BEFORE expiration day. Yes, sometimes you do get that home run, but...most options expire worthless.
Anyway, the day is young. TSLA could fade between now and the bell. Or it could rally further. Good luck, OneNickel. Obviously SooPoo and I are rooting for TSLA back to 700.
Don't short. Don't mess with puts. People who get caught up with that sort of thing are just trying to make up for arriving to the party late.
Yes, there are time periods when a person might wish he were on the short side, but such periods are fleeting for the quality stocks that I own long term, and additionally trade.
I just didn't know how far they would drop, the point is to be bottomless essentially, at some point I believed TSLA would have another correction. Selling at least some yesterday would have been great. I held on until Robinhood forced the sale and the gain was negligible. The problem is, I think they should go down a lot, but I don't know when. I also think they'll bounce a lot, so even call options would be ok sometimes in a much lesser proportion to the puts. Selling them yesterday, and buying more to expire next week, etc., in timed intervals is what I should have done. They're quite pricey, I'm back in at $670 for 5/14 and 5/21. That's probably going to be it. If the SPY would have gone down, I would have made a killing but I didn't because it didn't. I'm less like the play now because I took the risk for almost nothing. Havinin my small accoung extra ammo in my account would have made me more willing to take a bigger risk. I'm thinking about depositing more money but I probably shouldn't. I'm not selling other things just to make a move when I feel they're good positions to have. Definitely have learned to make incremental plays though, will have to start selling some of the gold calls and buying back if they drop. 3 days this week they jump hard and retreat.Quote: MDawgIf people start dumping puts or covering shorts on TSLA at the open, that will drive the price higher. At least 2/3 of your puts should remain in the money throughout today though, even if TSLA starts to rally heavily. I would have sold them yesterday. With the time decay reduction in value you'd have needed a big drop today to make them more valuable than they were yesterday.
Over all, the tech market has taken a beating this week and is due to recover, if not today, soon.
Anyway, at least onenickel ended up more or less even and did not lose anything.
My experience with options is to buy calls, close to the money, on a solid dip, about two weeks out. Those options are expensive, but they have a higher probability of success than the "cheapies" (options far out of the money).
But in general, I don't do options at all. I prefer the actual stock. If things turn against me, I just ride it out.
As far as TSLA not getting back over 700 for years, people toss that sort of arbitrary talk out there all the time for stocks like AMZN and TSLA.
Right. This would qualify as prediction and not reaction. Predictions are not supposed to be what you're supposed to do. The government could spend 100 trillion Sunday night and even though, it's fiscally terrible, stocks would go up wildly. The broader market brings up individual stocks, so it will take some kind of really bad news to allow an overvalued stock to correct beyond some really terrible individual news. When the S&P goes down, I notice TSLA goes down pretty bad, and those were the days to make money. I really do not like how there are so many index funds buying crap companies blindly like Burrie has pointed out. Most analysts are saying Tesla is worth about $300ish, I'm surprised you're such a bull on it unless it's just something you can't sell because you're NEED it to recover. This India stuff is really starting to make me double think having anything long at all which everything is for me.Quote: MDawg
As far as TSLA not getting back over 700 for years, people toss that sort of arbitrary talk out there all the time for stocks like AMZN and TSLA.
Think about whether you would want to buy now and where you would buy. Where would you rather invest it or whether you would want to sit on the side lines. Can you see it at $900 again before it's $400 or $500? It went almost straight up at one point. Has anything ever sustained such movement? If you have any examples, I'd like to know.Quote: MDawgOn my long term TSLA, my adjusted basis is low two digits. I have no incentive to sell, having held this long. And that's just going back a few years or so...if I had bot from the beginning I suppose my adjusted basis would be single digits.
I had averaged in COIN at 261 last week, making my basis with the 301 shares, 281. I had the GTC in at 285, which just filled. So I am out of COIN now at a nice profit.
Over all though it's a bleeding red day for tech.
Quote: MDawgTSLA 641 to 642. That was a thousand shares I should have let it ride to 646 (or at least 645).
I had averaged in COIN at 661 last week, making my basis with the 301 shares, 281. I had the GTC in at 685, which just filled. So I am out of COIN now at a nice profit.
Over all though it's a bleeding red day for tech.
Typo? Coin under 300. 661 a typo? 685 a typo? Twice?
I’m still way underwater on my TSLA ‘trade’ attempt....
Quote: SOOPOOQuote: MDawgTSLA 641 to 642. That was a thousand shares I should have let it ride to 646 (or at least 645).
I had averaged in COIN at 661 last week, making my basis with the 301 shares, 281. I had the GTC in at 685, which just filled. So I am out of COIN now at a nice profit.
Over all though it's a bleeding red day for tech.
Typo? Coin under 300. 661 a typo? 685 a typo? Twice?
I’m still way underwater on my TSLA ‘trade’ attempt....
TWO TYPOS. COIN at 301 from couple weeks ago, plus at 261 from last week, average 281, sold at 285.
Tech market was really red first thing this morning, but has recovered quite a bit. AMZN now solidly green.
Also, I'd avoid puts. Over time you're just going to lose betting against this bull market, notwithstanding red periods. When there is a correction going on, everyone stuck in a long position wishes he were short, but that sort of sentiment doesn't last too long. I predict that if you keep up with puts you'll eventually give back all you might make during these sell offs.
Quote: SOOPOOI traded 1000 NBEV for + $110. Doesn’t really make up for the long term -$30k today... but I am happy at least one thing worked out today!
Last I checked I was actually over all green today in my long terms because of AMZN, but I think that was at the moment where TSLA was only -2 for the day, and AMZN was something like +35 or more.
I could have taken huge gains but I never did. Just gains. Even when the company has bad press proving they're not going to pull it all off as promised, the stock just keeps going up. I'm liquidated, I'm not messing with it. It's causing more harm than good. I acted impulsively selling everything off, but didn't want to wake up down 30%. No reasonable, competent person could have possibly bought the TSLA stock today to hold and they didn't. In the AM if I would have tried selling my price would have been passed over and I'd just be sitting there having to investigate what was happening, so that stopped me. Robinhood is a really bad site with terrible execution and is not reliable when you need it. I only used it primarily. because the deposits were so quick being instant deposits. Puts I only bought because it's the only way to short. I did buy TSLA last year but thought a stock going up 5% a day is too risky. Had it at $600 or $700 if I only knew. They're not pulling off what they're trying to do and failing but the stock went up from a huge starting loss. It's crazy, totally unjustified.Quote: MDawgOnenickel, over all suggestion for you. I think you have to decide if you're an investor or a trader. If you're a trader, which I don't think there is such a thing as an options "investor" anyway, then sell your shares or options when the time is right. And be consistent - if you look to book a certain amount, a certain sort of profit, then go for that level of profit every time. It seems that you are usually waiting for that home run by options expiration date? Usually doesn't happen and most options expire worthless.
Also, I'd avoid puts. Over time you're just going to lose betting against this bull market, notwithstanding red periods. When there is a correction going on, everyone stuck in a long position wishes he were short, but that sort of sentiment doesn't last too long. I predict that if you keep up with puts you'll eventually give back all you might make during these sell offs.
I see these tech levels as temporary, should move higher soon enough.
Quote: onenickelmiracleThink it would have been close to 50% today. In my mind things could have turned around the wrong way today, and I could have been down way more than I had wanted. Quite a few things I was not confident in I did yesterday. First thing I was buying puts on ARKK, thinking it was getting to TSLA. It was but the fund had a lot of winners yesterday. I had switched my view on CVNA and had puts on it. It was rebounding yesterday and I didn't get it. I didn't see why TSLA was rebounding for sure. Thought maybe some shorts were coming in, but didn't know. The general market is selling off, so some of these stocks are just amplifications. I've emptied out at that brokerage and don't even care that much. What could have been tens of thousands over the course of the short term, don't care much about that either. Seems like it would be this way, but things are so up and down, hard to say where they finish. People being afraid of inflation, they're going to want to pull out money so they can even afford part of the things they're dreaming of, plus this pipeline chaos. Wasn't reflected yesterday, would have been nice. So I'm just straight up shorting TSLA on a small level now for the time being, do not want to get back in after these missed gains with options.
This has not even been worth it for me anyway. It was all I cared about for 2 weeks and to be honest, I just seem to be watching a green line for hours like it's a horse race or football game. Checking this, checking that, reading this. Hardly even took care of myself, wasn't leaving the house, just obsessed. have been sick too. Had thought maybe COVID, but it's better already,
Added: Just looked up some of the puts I had and most increased 50, 70 and 100% today. Yuck. Never know where they land when I would have sold, but the very short term future looks red for days.
Just take some time off. Relax, hit the gym, take care of yourself, and then come back with a better thought out game plan. Desperation sometimes works, but more often doesn't. Cool and calculated is the way to be. You can do it. There is a learning curve to everything.
Anything he says moves things, anything. If he tweeted he thought it might rain, some would buy umbrellas and some would buy property in the desert. China is putting pressure on him, they don't want those mining operations.Quote: MDawgThe thing about Musk is that...he's not calculating with his announcements. He's just as likely to say something that will hurt his own company and its investments as to say something that will shoot BTC or TSLA stock up. The guy really is just an engineer, not an investor. Can't anyone see that he doesn't know what he is doing? outside of designing a great car.
Quote: MDawg. Can't anyone see that he doesn't know what he is doing? outside of designing a great car.
I think SpaceX will be his defining company and not Tesla or Paypal.
Nope. I'm a little hesistant, but think the markets will keep going down a while step by step. I'd be on the moon now, will look tomorrow to see what total nightmare protection II cost me.Quote: MDawgOkay so you went straight short on TSLA, onenickel? What is the game plan. It didn't occur to you to buy to cover when TSLA was down pushing -20 today?
COIN not a good buy. Much of the value is based on their crypto coffers. They hold an insane amount. The initial offering wasn't too long ago, think people won't be too afraid to just sell out.
Quote: onenickelmiracleNope. I'm a little hesistant, but think the markets will keep going down a while step by step. I'd be on the moon now, will look tomorrow to see what total nightmare protection II cost me.
COIN not a good buy. Much of the value is based on their crypto coffers. They hold an insane amount. The initial offering wasn't too long ago, think people won't be too afraid to just sell out.
I am trying to decide whether or not to sell COIN and lick my wounds.
A lot of analysts are saying it’s a $100 stock.
It's a gamble. I'm not really sure, but I think the party is over for a lot of stocks. Support is support until it's broken and I'm not sure what's going to happen. After this pipeline ransom thing, I'm thinking cryptos are bad and they can be regulated as we saw with online gambling. Why have all these money laundering and anti-terrorist laws if we have such a gigantic loophole? Me personally, I'm bombarded with Etoro ads on YT.Quote: gamerfreakI am trying to decide whether or not to sell COIN and lick my wounds.
A lot of analysts are saying it’s a $100 stock.
COIN - it has "GME" like appeal, I think. If it does drop to 100 it'll rocket up quite a bit from 250 before it does die. What I mean is, I see a good bounce in store for COIN from the 250 level, even if it does eventually go lower.
I mean like - you really think BTC is going to stick around 50K? The party is just getting started. Give it a few months or years and it'll be triple.
Onenickel people have been saying "the party's over" regarding the stock market for years and years and years. It's not over WHATsoever. And another thing - the party never ends when you expect it or declare it. Only when it comes, unexpectedly.
Quote: WellbushYou know you may be able to accelerate your investment returns, MD, by investing in options. I understand you may not have time to understand or invest therein, but there are subscription services who can do all the work for you.
One way to protect yourself is to only invest 30% of your capital. This can be done by dividing up the 30% into 15, or more, even investment amounts. Food for thought?
What do you do with the 70% of your money that you aren't investing?
What exactly has Tesla’s involvement in Bitcoin done for Tesla except wipe out billions in market cap?
Having companies which are huge buying significant portions of BTC legitimizes it and stabilizes it some. IMO Tesla is riding on everything going perfectly for the stock to be so high as it has been. Every time there is bad news, their stock should go down, because the stock value is based on accomplishing great things like self-driving cars and driverless taxis. I don't know for a fact Tesla sold any BTC besides to do a liquidity test to see if they could sell it all if they wanted to sell it. I'm not sure if the stock did in fact drop because Tesla isn't taking BTC. There are reports about how the autopilot feature is being abused, a guy was arrested in California for reckless driving for being in the back seat while it was driving itself on a highway, and also 2 people apparently dying in TX allegedly the same way. I don't know what's true anymore in the latter.Quote: TDVegasSo...let me understand this. Tesla buys Bitcoin, Bitcoin surges. Tesla stock drops on news. Tesla sells Bitcoin for a big profit. Tesla stock drops again. Tesla then says no longer taking Bitcoin as payment. Tesla stock drops again.
What exactly has Tesla’s involvement in Bitcoin done for Tesla except wipe out billions in market cap?
Wiping out market cap, it seems Elon was responsible, but people just need a catalyst to act and who knows. All kinds of people must be worried day by day a big position will sell and they'll be in a correction. I don't know who sold as far as big wallets go, I don't follow that.
Quote: onenickelmiraclea guy was arrested in California for reckless driving for being in the back seat while it was driving itself on a highway, and also 2 people apparently dying in TX allegedly the same way.
More money than brains.
Update: Pretty much seemed to sell off at the open and fizzles off most of the day's gain. Closed at $252 yesterday, opened at $280 and $258 today.Quote: onenickelmiracleCOIN is bumping after hours. Guess they made 771 million. I didn't follow enough to know they were reporting earnings.
What I will caution anyone who is trying to short this market is - don't assume that because some stocks go down, that they are down for the count. There are a lot of buyers out there and everything Quality will go back up eventually.
Quote: MDawgTSLA 573 (actually, fill was at 572.96) to 574, then again 571 to 571.25 I had to leave after that second trade was opened and I didn't want to deal with it, so I lowered my sell to the 571.25 and later saw that it would more than have filled at the original 572. Still, +1250 - booked!
What I will caution anyone who is trying to short this market is - don't assume that because some stocks go down, that they are down for the count. There are a lot of buyers out there and everything Quality will go back up eventually.
I don't know why it's news now, but there was a story saying Scion is shorting Tesla. Thought it was old news, maybe his firm upped the ante other than put options. I almost think there is nobody interested in selling below $560. When the stock gets close, it looks like it gets lost.
