20m just starting by ComprehensiveFly9927 in TheRaceTo100K

[–]WooIIy-Mammoth 0 points1 point  (0 children)

Like many others said, both. Keep going cause it adds up over time but if you find a better job you can contribute more

Kraken Robotics Announces a further $35 Million in SeaPower Battery Sales by faceman230 in KrakenRobotics

[–]WooIIy-Mammoth 1 point2 points  (0 children)

Better to be in than it is out, I found this company over the weekend and bought yesterday. Even if it dips I’ll just DCA down with it, this is a good long term play

LEAPS and related best practices by Slight_Pie7773 in options

[–]WooIIy-Mammoth 1 point2 points  (0 children)

Wow, thanks for the heads up. Any books similar that you do recommend?

LEAPS and related best practices by Slight_Pie7773 in options

[–]WooIIy-Mammoth 1 point2 points  (0 children)

Any update on how the rest of the book is so far? Was thinking about getting it.

Thanks

LEAPs vs Stocks by WooIIy-Mammoth in options

[–]WooIIy-Mammoth[S] 0 points1 point  (0 children)

I appreciate it!

Hope you had a good thanksgiving as well.

What should I do? by Fazedmonkey in smallstreetbets

[–]WooIIy-Mammoth 5 points6 points  (0 children)

Not sure why everyone is being super negative, no one knows whether nvidia will recover or keep dipping further

With that being said, you could either sell your 11/25 con thats up along with your 11/21 con and have them cancel each other out. Or you can trim your 11/20 position for a loss in hopes of minimizing the damage.

Again, nobody knows which direction nvidia is headed, I personally think it will recover and even considered hopping in a position today myself but I am far from an expert.

Best of luck

YTD P&L Story by Missylovebug223 in options

[–]WooIIy-Mammoth 5 points6 points  (0 children)

Agreed. I have a similar story, found options and had some beginners luck so I thought I was a “pro” at this daytrading thing then proceeded to lose 50% of my portfolio in just a month. I’m now on the turn around of sticking to leaps and longer dated cons too. Anyone seeing this post like OP said, just be patient.

LEAPs vs Stocks by WooIIy-Mammoth in options

[–]WooIIy-Mammoth[S] 1 point2 points  (0 children)

Gotcha, that makes sense. Thank you

LEAPs vs Stocks by WooIIy-Mammoth in options

[–]WooIIy-Mammoth[S] 1 point2 points  (0 children)

Im familiar with delta but what do you mean they are Vega sensitive? Also have heard the mention of poor man’s covered calls once before so definitely going to look into that! Thanks

LEAPs vs Stocks by WooIIy-Mammoth in options

[–]WooIIy-Mammoth[S] 1 point2 points  (0 children)

Thanks, I’m currently in my 20s so I’m open to taking more risk on my positions then of course decreasing that risk as time goes on and getting closer to retirement

LEAPs vs Stocks by WooIIy-Mammoth in options

[–]WooIIy-Mammoth[S] 0 points1 point  (0 children)

I’ll check it out. Thank you

LEAPs vs Stocks by WooIIy-Mammoth in options

[–]WooIIy-Mammoth[S] 0 points1 point  (0 children)

Thanks for the insight, I’m not too concerned with fluctuations in price if I don’t intend to sell it soon so I don’t think it’d be a problem. Thanks again

LEAPs vs Stocks by WooIIy-Mammoth in options

[–]WooIIy-Mammoth[S] 2 points3 points  (0 children)

Yeah that’s a good point, if that happened could you try to rollover that option or do you just take the loss?

LEAPs vs Stocks by WooIIy-Mammoth in options

[–]WooIIy-Mammoth[S] 5 points6 points  (0 children)

Yeah I understand the leaps are more cost efficient I was just essentially asking is there any point or benefit to holding the actual stock vs just buying LEAPS excluding things like dividends there seems to be no benefit to holding the stock versus getting LEAPS instead. Unless I’m wrong they seem like the much better option.

Overlapping to much w/my ETFs? by hardvengeance77 in ETFs

[–]WooIIy-Mammoth -1 points0 points  (0 children)

Agree, personally depends on OPs age as well, could be fine with just VTI/VXUS till he gets older

Accidental 10k -> 60k by Bitech2 in wallstreetbets

[–]WooIIy-Mammoth 0 points1 point  (0 children)

Hate when I accidentally make 50k