I decided to get back into the market after a bit of a break. My current strategy is selling cash-secured, deep-out-of-the-money put options on stocks that I would be okay with being assigned. GME would have been a perfect target for this due to the high volatility but my broker banned selling options on it.
You ever used etoro?
My friend said hes earning every day using the 'copy investors' method
Not sure if i can transfer my btc there and use them to do the same?
Point is: unless you just roughly want to know where price is I've never seen the point unless you're using market orders. But that depends on your own trading style and methodologies of course.
In addition to this: I'm sure there's some here that don't like me or find my political views etc. offensive.
My suggestion, based on the Canadian experience: consider cashing out after legalization has been passed into law (or as soon as it is a sure thing that it will pass into law) but before it actually happens. The legal market is hyper-competitive and profit margins are slim. Consider this index of Canadian cannabis stocks (look at the ten-year chart), with the following dates in mind:The cannabis industry hasn't even boomed yet. I mean it's just starting to a little bit, but once full legalization happens, forget about it. It's gonna be a fantastic opportunity to make a lot of money, so I'm trying to get in at the ground floor.
I've heard a lot of recommendations for Tastytrade, which has free courses on options, although I haven't tried it. Investopedia is always useful.I just watched a few videos about trading options. Kind of a strange concept, but I'm getting the impression people make a ton of money with them. Does anyone have any direction in terms of where I should go to learn about it? Recommended, or stick to direct stock ownership?
Ive got a couple recommendations if anyone is curious enough to look into these which have done quite well recently and I have high hopes for the future.
JMIA- Jumia, the amazon of Africa, still low cap but its just been going up and up
DDAIF- Daimler (Mercedez) Been doing very well, people seem to think this is one company that is gonna do fine transitioning to EV
SUNW- I think this one is a bit of a hype play being that its a clean energy company that only showed up last summer but since nov it went up 6x to 30$, currently at 21
These next few I dont know tons about personally but the top financial advisor in Canada is apparently holding them
FAF.TO- Fire and Flower, a Canadian cannabis stock
LXG.VN- Lexagene, Biotech and pathogen analyzation
What do yall think is gonna happen with amazon when the whole social distancing thing is over?
Options are literally just that, options, you are buying the option to buy/sell in the future at a certain price
You could buy the option to buy amazon for 1780$ (worth 3350), but the option basically costs the difference, so about 1500$ for the option to do that.
Did I happen to forget to mention the part that trading and/or investing shouldn't be done while under the influence of a mind altering substance?Uhmmm, this is getting hot.
Be careful with options, they move quickly and give either huge profits or zero.
I have been too busy snorting coke lately , but got into BGCP past Friday, the reason was a repeating bull bet via March $4 calls, and also BlackRock has doubled his position. So I bought shares at 3.99 there's some rumour that something will happen, but gods know if that's true, all I care is that some wise guy is accumulating there. I've set up a sell order at 4.6, just in case
That's my 2 cents, don't get too excited, is not advice to buy or sell, just a journal of my crazy ideas (and many times they go wrong)