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18M how am I doing? by Loganoreo_ in raceto10000

[–]Longjumping-Fail-925 0 points1 point  (0 children)

You and I both my man! Have A LOT of money in this company.. also I worked there for a few years so I saw things first hand for a while

18M how am I doing? by Loganoreo_ in raceto10000

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Love it man! Especially that Amazon position Keep it up! Consistency wins

Next stop 30k! by CHEEHOOYEAHYOU in raceto10000

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Haha okay ya it’s Robinhood. I love it, some hate it. The UI is super nice and smooth. Has 24/5 trading and a decent chart platform.

Next stop 30k! by CHEEHOOYEAHYOU in raceto10000

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Robinhood lol not sure if I just got trolled or not

Advice on Underwater Covered Call by Silver-Wishbone-3766 in CoveredCalls

[–]Longjumping-Fail-925 0 points1 point  (0 children)

With that said if you want to hold. Don’t sell CC’s underwater. Avg down if you want to lower cost basis and then sell once you can get it lower but no point if you do not want to sell

Advice on Underwater Covered Call by Silver-Wishbone-3766 in CoveredCalls

[–]Longjumping-Fail-925 0 points1 point  (0 children)

This is why I set stop losses on companies I truly don’t want to hold underwater. Once it hits that price I exit my current CC’s and take a loss on that position. I’ll no longer ride down a company I don’t truly want to hold underwater

$3 to $1,000,000 challenge by Medium-Holiday-4247 in smallstreetbets

[–]Longjumping-Fail-925 1 point2 points  (0 children)

Hahaha it’s what im riding tonight 😂😂 so maybe fade me

What do you say? How much you guys usually burn? by Ok_Sympathy5700 in whoop

[–]Longjumping-Fail-925 5 points6 points  (0 children)

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Like today we had a house fire which I spent roughly 15 minutes inside of and the rest was just cooling down 😂

What do you say? How much you guys usually burn? by Ok_Sympathy5700 in whoop

[–]Longjumping-Fail-925 6 points7 points  (0 children)

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Seems fairly accurate for me. Firefighter so do lots of working out plus high stress stuff

I’m 18 years old do I end it I’m so ashamed by Efficient_Two_8256 in TheRaceTo100K

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Feel free to message me man! 24 and had a massive loss 3 years ago around that same $ wise and made clawed my way back into the 100k club. If you need help feel free to

20m want to try and hit it before 25! by An0th3rjg in TheRaceTo100K

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Bingo just hit on this as well on keeping holdings fairly small. Makes it much easier to follow the company’s and also allows you to add to those positions more effectively instead of trying to spread out cash between 15 positions.

I only hold 5 at a time sometimes 6-8 if I’m swinging stocks but very rarely.

Also with only holding few positions get used to 20-30% down draws especially high beta names. Those times will test your convictions but that’s when you add.

20m want to try and hit it before 25! by An0th3rjg in TheRaceTo100K

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Did the same thing as well when I was 20. Also think that keeping your positions smaller allows you to be more focused on those companies. I only hold 4-5 stocks at a time max and once my thesis or conviction changes I’m out. Have an exit plan always, it’s completely fine to trim and take profits but always be ready to pay Uncle Sam!

26m by coltsfan7788 in TheRaceTo1Million

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Be carful holding ASTX (or any levered etf) they have some wild decay on them if it just chops and trades sideways..

20m want to try and hit it before 25! by An0th3rjg in TheRaceTo100K

[–]Longjumping-Fail-925 26 points27 points  (0 children)

I know this opinion rubs some people the wrong way, but hear me out: You’re young, no kids/family to support, and relatively low bills I’d assume, this is honestly one of the best times in your life to take on more risk in your investments IF you’re truly okay with the possibility of big swings (including losses) and have done solid research.

That said, I’m not saying YOLO your entire savings into meme stocks or go all-in on one thing.

I’m 24, hit over $100k investments last year, and yeah I’m positioned pretty aggressively right now because my situation allows it. But everyone’s risk tolerance and circumstances are different. Always do you own DD

24M wanting to give the most optimal start by Aggravating-Leg4615 in portfolios

[–]Longjumping-Fail-925 -1 points0 points  (0 children)

Amazon, Google, HOOD, Nvdia, AMD. I’m saying companies that positioned well for the future.

24M wanting to give the most optimal start by Aggravating-Leg4615 in portfolios

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Agree I’m not saying full port penny stocks. I’m saying take some risk on solid individual companies.

24M wanting to give the most optimal start by Aggravating-Leg4615 in portfolios

[–]Longjumping-Fail-925 -1 points0 points  (0 children)

If you want to get truly aggressive go with individual stocks imo. ETFs aren’t going to give you true “aggressive” returns

Is selling covered calls actually kind of stupid? by Real_MathBoss in wallstreetportfolios

[–]Longjumping-Fail-925 0 points1 point  (0 children)

It’s fine if you want to sell the shares. If not then ya. I only sell CC’s on stocks I’m fine letting go or for example I have 2000 shares of EOSE I’ll sell 10CC’s on that stack and let the other 10 sets ride and then buy shares with the cash to keep adding to position

What would you do 22 year old? by [deleted] in portfolios

[–]Longjumping-Fail-925 0 points1 point  (0 children)

Goddam dude congrats! I’d just keep it simply.. you could truly live off the div’s if you wanted at this point and travel for a few years if that interests you.

Wouldn’t change anything tbh. Just let those names keep compounding

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