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Investment year in review.


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7 minutes ago, Biz-R-OWorld said:

 


Maybe I’m using wrong term?

I bought 50 contracts for $0.83 each. $10 strike on 4/23. I paid like $4,100. I sold 20 of them for like $5,400 and kept the other 30. I could have sold all 50 for $13.400 (225%). But waiting on the other 30 for now since another month plus to go, could be worth way more


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no you're good. Some add legs and various strikes and dates. It's easy (as you know) to just add quantities. It's a whole other thing to have like a 3/19 120c, a 6/19 125c, 9/19 130c etc. You'd have to manage them all independently and many day traders do. 

congrats btw

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15 minutes ago, Belo said:

no you're good. Some add legs and various strikes and dates. It's easy (as you know) to just add quantities. It's a whole other thing to have like a 3/19 120c, a 6/19 125c, 9/19 130c etc. You'd have to manage them all independently and many day traders do. 

congrats btw

gotcha. yea, this is only my 4th option. the others i all did short term like buy on a wednesday with a friday end date and sell within a few hours.

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I can't wait for the price to crash into what it's true value is...$0.00

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Why would he let it crash to $0? Maybe he sold $13M worth and playing with house money on the other $8M? I’m sure he’s made over $100M in his career


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Why would he let it crash to $0? Maybe he sold $13M worth and playing with house money on the other $8M? I’m sure he’s made over $100M in his career


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Oh I don't care about his usage of Bitcoin I'm speaking of Bitcoin being worthless entirely as a whole. Bitcoin is complete bullshit. The whole premise behind it is bullshit. There is nothing that says it should hold value other than the 2500 that own somewhere around 80% of all bitcoin. It's nonsense

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Oh I don't care about his usage of Bitcoin I'm speaking of Bitcoin being worthless entirely as a whole. Bitcoin is complete bullshit. The whole premise behind it is bullshit. There is nothing that says it should hold value other than the 2500 that own somewhere around 80% of all bitcoin. It's nonsense

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That’s fine but you can’t knock his hustle. His investment paid off handsomely


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That’s fine but you can’t knock his hustle. His investment paid off handsomely


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Oh absolutely. Wasn't knocking him. He's more than doubled his pay assuming it was given all at once. If it's paid out like a normal salary then he's getting less bitcoins now than he would have had the price stayed 23k

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11 hours ago, The Jerkman said:

Oh I don't care about his usage of Bitcoin I'm speaking of Bitcoin being worthless entirely as a whole. Bitcoin is complete bullshit. The whole premise behind it is bullshit. There is nothing that says it should hold value other than the 2500 that own somewhere around 80% of all bitcoin. It's nonsense

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Couldn’t be more wrong . 

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Just because they are making "bitcoin atms" doesn't mean it should have any real value. I like Bitcoin to the tuplip mania. The underlying technology of the blockchain is useful but the Bitcoin itself is huff and fluff bullshit and I look forward to the day it's value goes to zero. Only time will tell who is truly correct in this

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1 minute ago, The Jerkman said:

Just because they are making "bitcoin atms" doesn't mean it should have any real value. I like Bitcoin to the tuplip mania. The underlying technology of the blockchain is useful but the Bitcoin itself is huff and fluff bullshit and I look forward to the day it's value goes to zero. Only time will tell who is truly correct in this

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I’ve cashed in enough where I’m enjoying the ride . I’ll also follow the experts who are buying into it everyday. If you can handle it’s volatility it’s worth it . 

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I’ve cashed in enough where I’m enjoying the ride . I’ll also follow the experts who are buying into it everyday. If you can handle it’s volatility it’s worth it . 
Oh not saying Money can't be made of it in the short term. I just personally believe it's nonsense and won't touch it with a 10 foot pole. Sure I may miss out on some money but that's alright.

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27 minutes ago, Belo said:

an underlying fundamental issue still lies with being able to spend it. Sure opportunities are emerging, but it's still rare to be able to go out and buy a lambo with bitcoin.

https://www.cnet.com/pictures/things-you-didnt-know-you-could-buy-with-bitcoins/ Just sell a few bitcoins and cash out for the lambo

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5 minutes ago, Biz-R-OWorld said:

I added a 447 more GPRO shares when they dropped under $12 this morning. Raised my avg. cost to $9.56, but now I got 1,290 total shares. Still holding the 30 GPRO contract options for now too.

holy crap. an hour later and it's going for $13 now!

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30 minutes ago, Biz-R-OWorld said:

Buy the dip! Just added 100 more shares of Penn. Monday it's officially part of S&P500 and a return to $140 can happen quickly i think.

I did just that. Sold it last week as I didn't want to get greedy but couldn't resist picking some up a little while ago at about $118. I wonder how this fed meeting is going to affect the afternoon. need to keep a close eye on it just in case there is change to make a quick play.  

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