- Joined
- Feb 27, 2016
- Messages
- 228
- Reaction score
- 113
Pulled 1k back out of eth (wife’s account) at 1230 to lock in the .26 Eth gain.
Pulled 1k back out of eth (wife’s account) at 1230 to lock in the .26 Eth gain.
Wow went bigAbout 800 shares at $14.10, buy the hype!
anyone buy BNGO... wish I found out about it pre New Years
Question - but what do you plan to do when you hit 100k stocks?Road to 100k stocks: $52,491
Question - but what do you plan to do when you hit 100k stocks?
I ask because that was an initial target for me too but I passed it around 3.5 years of playing the market. I debate on pulling it out but can't decide where I would put it. Its enough to consider decent sum of capital but not enough to pay off mortgage, or make passive income, and far from life changing. I guess its enough to put a down payment on a 2nd piece of real estate but I dont have a strong desire to go there at the moment
Wow went big
I started playing the SPAC game about a month ago. Right now I'm sitting on CCIV, GRSV-W, FIII-W, GNRS-W, CFII-W, IPOE-W, IPOF-W DMYD, VGAC, IPV, APXT
On all of them I bought in well before the hype/close to NAV (save for CCIV - which I bought as soon as trading unhalted). In the last two weeks I started playing the warrant game instead for the higher potential rewards. To give an idea FIIIW I'm up 52%, GRSVW 57% and GNRSW 61%. If I could go back I would have bought CCIV-W but they popped so much so fast I figured for sure they would come back down, but I guess not.
Yeah pretty much my next immediate target. I hope to hit 200k by summer...but next milestone is really my mortgage balance (like 315k). Beyond that...enough for passive income on its own apart from retirement accounts.Try to get to 200k.
Do you buy the warrants to exercise them later or are you just trading them?
Just trade them - I'm hoping to never have to exercise one, it means I wasn't paying attention and they got called in. The warrants behave more like options - they are really volatile. If the main stock goes up 4% the warrants are up 15%, but it works in the opposite direction too. Knock on wood, so far it's been a very lucrative venture for me.
What is a warrant vs call?Just trade them - I'm hoping to never have to exercise one, it means I wasn't paying attention and they got called in. The warrants behave more like options - they are really volatile. If the main stock goes up 4% the warrants are up 15%, but it works in the opposite direction too. Knock on wood, so far it's been a very lucrative venture for me.
DOT since 4.50For crypto, do you buy any alt coins? Sounds like everyone here only buys BTC or ETH. Seems like getting a high risk coin like DOT or ADA is the same thing as buying a high risk penny stock like ZOM?
Do you reinvest that gain? What price will you reenter? I failed miserably, sold at 1144 then got back in at 1188 and 1218. I'm still up 4% after selling low and buying high, I'm kinda embarrassed to be up right now.
DOT since 4.50
100 bucks or so. Already up 400% so don't care, just riding the waveWow! How long you holding? Any others you're thinking about?
For crypto, do you buy any alt coins? Sounds like everyone here only buys BTC or ETH. Seems like getting a high risk coin like DOT or ADA is the same thing as buying a high risk penny stock like ZOM?
What is a warrant vs call?
Added! Thanks!ITMPF another hydrogen stock for your watchlists.
Just ETH - I was going to buy some Link but never did and now am happy about that (it's down last I checked from where I would have bought in). In my mind crypto is more high risk, even if it truly isn't.
Sorry in advance if you don't need this long explanation. I spent months trying to understand options so if you're like I was I'll try to help out. The more I think about it the more similar they truly are. A call is an option, which literally means it gives you the option to buy 100 shares of stock X at a future price that you determine when you buy the call. As an example, right now stock X is trading for $3.50 a share. I buy a $5.00 call for February 28th for $0.50. This gives me the right to buy 100 shares of Stock X on Feb 28th for $5 regardless of what it is trading at. For getting the option to do this, I paid someone a premium (in this case $0.50/share, or $50 for 100 shares). If the stock doesn't hit $5, I lose all $50. But, if the stock goes up to $7.00, I still get to buy it for $5. Now that $0.50 I spent on each share has paid me back $1.50 in gains. So it lets you trade less money for higher rewards, but the risk is if the stock doesn't hit $5.00 I lost everything. If I bought the shares they wouldn't have become worthless, but the potential return is lower.
To visualize this - you buy $50 worth of stock X at $3.50 and on Feb 28th it's worth $7/share - you made $50 or 100% return on investment.
You buy a $0.50 call ($50 total) at a $5 strike price - meaning you paid $5.50 for each share (the strike price plus what you paid to get to buy it there). On Feb 28th when it's $7/share you get your 100 shares worth $7 each, which you immediately sell and make $1.50 on each share, or $150 total. Now you have a 300% return on the same stock for the same amount of initial money.
Warrants are similar - they give you the option to buy a share at a predetermined future price (for most SPACs this is $11.50, but varies). Similar to the above example, if you buy shares for $10, a warrant is essentially worthless because the shares are cheaper than the exercise price. However, if the price goes up to $20 (like CCIV), if you bought shares at $10 you doubled your money. With the warrants, if you bought them for $1 when the share was at $10, they'll shoot up to $8.50 if the stock is at $20 and you'll make a 750% return. The risk is if the SPAC never finds a target the warrants expire worthless and you're out all the money you spent on them.
Warrants get called in at the discretion of the stocks board - they usually have an expiry of 5 years from the date of inception but if you look at someone like FSR they called in their warrants 6 weeks ago, so if you were holding them you had to execute them or sell them.
Hopefully this makes some degree of sense. If you need any clarification or if anyone sees somewhere I'm wrong please let me know.
Added! Thanks!
So basically a warrant is like an option but only for 1 share vs 100, with no expiration.
I've never bought warranty. Are their tickers just the normal ticket with a W after it?
Im all about opportunities, but you’re braver than me to try to play the market like this.Bought back into ETH yesterday at 1188 and 1218, then sold all today at 1234. Looks like it's going down again, hoping to reenter around 1050.
Im all about opportunities, but you’re braver than me to try to play the market like this.
I don’t think that owning some bitcoin would necessarily be a bad idea, especially if you planned on holding it for awhile. It has already gone over twice of the previous bull runs all-time high, which is why I don’t think it will perform better in the near future than ETH.
As far as alt coins are concerned, I don’t see why you shouldn’t dabble in it if you’re willing to tolerate the risk. They can make some pretty good gains very fast, but if you want to do your research on a coin, check out what it was doing back in December 2017 through the spring of 2018, and compare prices accordingly period a lot of them achieved hi gains, but did not keep them. Omg and Link would be good examples. Just be sure to take the gains.
“Alt season” is a term used to describe the influx of money into alt coins after bitcoin has received a surge. My understanding is that it’s because people get tired of waiting for bitcoin to go up and sell the market Tries to find return in the smaller coins.
If Eth 2.0 is never completed then all the ETH loses value anyways, so I’m not very concerned about that. My goals are pretty simple, I’ve calculated how much I needed to gain the measure of financial independence that I feel is feasible to gain with this speculative asset and acquired it. If the historical growth is met, I should be able to leave “working” in5 years or less. Because of this, I haven’t been filling out my tax advantage accounts, but the return so far has made it more than worth the sacrifice in that aspect.
If you want a tip from a rando on the internet, I would look into a coin that I see a lot on the dissident sites I frequent, RSR (Reserve Rights) as a moonshot play for a small % of holdings. I don’t see it mentioned a lot outside of the space. Do your research.
Honestly if you don't want to put that much money into crypto, just buy btc and hold for 5 years. Least risky. Good gains likely. Maybe less than the right alt coin, but alts can crash so much harder.Great advice thanks! I'm waiting for Polkadot to dip a little for staking. I like that you can unstake at any time. ETH staking makes me nervous cause there's no timeframe to unstake. I also read on Kraken that your staked ETH can be lost forever if ETH 2.0 is never completed.
Thinking something like:
40% ETH
40% BTC
10% DOT
10% ADA
You don't have to tell me twice to take out profits before something drops LoL.
I would put all in small cap growth index...Question - but what do you plan to do when you hit 100k stocks?
I ask because that was an initial target for me too but I passed it around 3.5 years of playing the market. I debate on pulling it out but can't decide where I would put it. Its enough to consider decent sum of capital but not enough to pay off mortgage, or make passive income, and far from life changing. I guess its enough to put a down payment on a 2nd piece of real estate but I dont have a strong desire to go there at the moment
Unpurchased my wife's Eth at 1325, since it achieved the goal of a 5K gain.
I would put all in small cap growth index...
I am about to put all my 401k (150k+) in small cap growth... Anticipating 50%+ growth in the next 2 years. Risky move! I know.
I don't worry about nndm small moves because it keeps trending up.@mentos - I wish I had more to put in GEVO a month ago. What’s your price target to sell?
IDEX needs to roar back to life - I have some February calls at $3.50 strike
NNDM lost some of its ore market gusto but I’m hoping it’ll pick it up again this morning
Well, if it drops to under 1k she’ll reenter with all of it, but at this point she’s made enough house money that she might just take her winnings and hold onto them.What next? Can't believe ETH is over 1400 now!
@mentos - I wish I had more to put in GEVO a month ago. What’s your price target to sell?
IDEX needs to roar back to life - I have some February calls at $3.50 strike
NNDM lost some of its ore market gusto but I’m hoping it’ll pick it up again this morning
The 60 shares of ETHE I bought at 15 sold at 17.00
its a green day so far
Boo. Ahoulda held.Sold half LGVW @21 and at 21.75 made some profit.