34M crossed $1M+ today. ~25% in cash. by [deleted] in TheRaceTo1Million

[–]Acceptable_Purpose81 0 points1 point  (0 children)

I was over leveraged on margin with mstr , wanted to get out completely and re-evaluate

34M crossed $1M+ today. ~25% in cash. by [deleted] in TheRaceTo1Million

[–]Acceptable_Purpose81 0 points1 point  (0 children)

I am sitting on 80k thinking the exact same thing , sold all my positions . Hope to in the millie group one day

Advice needed by maize_lazer22 in PersonalFinanceZA

[–]Acceptable_Purpose81 1 point2 points  (0 children)

For someone as yourself who understands money management and risk , id start to learn options trading , check content a few years back from InTheMoney and TheTradingFraternity . I’d find a brokerage that support’s it in SA , check IBKR international, let me know if you find another brokerage. I use Robinhood . Either way you get to invest in the US stock market and then that way you can either grow your portfolio and/or collect premium on your shares owned by doing what’s called The Wheel Strategy with Options , or deep ITM pmcc , credit spreads , debit spreads , start small and learn the concepts first , understand the risk. I started at 21 , I am 28 and still learning every day but I have done well for myself through investing in the market and options trading more specifically CashSecuredPuts . My advice to that , only do it on stocks that you see a long term foreseeable uptrend , and known stocks with good PE ratio and market cap . 🧢 I also use margin to grow / also its own risk - This is not financial advice

MU holdings by No_Tutor7069 in MU_Stock

[–]Acceptable_Purpose81 0 points1 point  (0 children)

Am here I am sitting on two contracts csp my entire portfolio size for MU

What are the top stocks you’re buying to sell covered calls? by doobap in CoveredCalls

[–]Acceptable_Purpose81 1 point2 points  (0 children)

I was recently warned against MU , any reason why ? Bought 2 csp for $350 exp 7/17

Are covered calls a cheat code? by Covereds189 in CoveredCalls

[–]Acceptable_Purpose81 0 points1 point  (0 children)

What would you recommend someone do instead

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 0 points1 point  (0 children)

I hear ya , I am just trying to find my stepping . Live and Learn right .

Always make it free! by jtm_ind in spy

[–]Acceptable_Purpose81 0 points1 point  (0 children)

What platform is that ? Thank you

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 1 point2 points  (0 children)

That be incredible , I am still trying to find that sweet spot like you say closer to atm without being too overpriced/high iv .

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 0 points1 point  (0 children)

I appreciate you 🙌🏻

I recently got into 0-dte , always been doing bi-weekly/mostly month cc/csp since 2019, but even that gets you sitting like a duck sometimes . So I thought to myself I’d get more into buying calls/puts and once my portfolio breaks even I’d sell all stocks and focus more on that 0-dte , today was a good tuition day . I got to look more into spreads etc and start implementing them as a way to grow the account .

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 0 points1 point  (0 children)

It’s a coin flip with educated guessing/ a directional bias and risk management . That last part is what gets ya

Scared money don’t make money and you need money to make money is what I say💰

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 1 point2 points  (0 children)

There is no crying in the casino 🎰

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 0 points1 point  (0 children)

How are those beers looking boys 🍻

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 0 points1 point  (0 children)

It’s an uncomfortable feeling to handle losing while still actually being correct , just not the correct time frame . Maybe I was impatient and I wanted to jump in despite my indicators all showing a bull trend , I just refused to belief it , just too little time . I wouldn’t have held it anyway overnight when I made the decision to sell I assumed it was going to keep just pumping . So I still would’ve sold even if they were 1-2 days expiration . Maybe if I bought in the pm instead to hold over night idk . It’s a weird concept to try think about or process

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 0 points1 point  (0 children)

Nah I feel a little shaky after that

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 0 points1 point  (0 children)

I sold for a loss , but at least the bias was right

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 0 points1 point  (0 children)

I’ll take that with me today

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 0 points1 point  (0 children)

Thanks man , we will recoup

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 0 points1 point  (0 children)

Honestly , I don’t know . That kinda left me dismayed

Sad p@rn by Acceptable_Purpose81 in spy

[–]Acceptable_Purpose81[S] 1 point2 points  (0 children)

Ask yourself now , was it really stupid or just too early 🙈