I started as buy and hold. Then discovered options, yay! Then Marge called. After the third time, I started taking profits and moving them to a ballast portfolio. A bit nervous and slow for a bit. Then confidence, feeling like I actually understand the greeks, but… mostly have massive gratitude for current market conditions. BUT! I THANK YOU GUYS MOST OF ALL, who taught me to take profit, size positions, and so much more. I am so grateful to you for your help. And the laughter and love. ♥️
Positions: a ton of different calls, on all sorts of ideas (some illiquid and other errors) Steady SPY calls with occasional puts (based on the chart over a few days.) Random momentary wins are represented, eg Game Store calls, bought that Tuesday and sold leading up to the livestream. I was “letting one ride,” a lot through this time. I have recently cut back on that – the situation would have to be spectacular going forward. Full list in my trading journal, i.e. WSB. Usually set sell orders at 30%, sometimes 20%, rarely watch (I have many positions for now.) Best of luck and much love to you guys. You make my days brighter.
https://i.redd.it/gt3kby1v3h7d1.jpeg
Posted by RevolutionaryPhoto24
15 Comments
fuck marge!
Congratulations 🍾
Keep it up, $500,000 next.
![img](emote|t5_2th52|8882)
ASTS and MSTR are in a separate YOLO account that I don’t check. I didn’t start contributing to my Roth until 2022, so it’s very tiny, but has a mix of MAG7, ASTS and MSTR. A mix of hope and conviction.
[deleted]
Congrats!
Deleted some comments I made responding to DMs here.
Also, I may have been too friendly in DM. ![img](emote|t5_2th52|4260)
Congrats brother. I’m thinking about starting options, but have no balls and enough knowledge. Just holding NVDA and some other mag7
Congratulations! Who is Marge?
If your buying and selling, rule of thumb is …sell at 20% up and 8% down. Especially when starting out. This principle is from Investors Business Daily.
Congrats and fuck you!
In bull market everyone think he or she finally figured it out.
Yea its slower going to play it a bit conservative, but its consistent and easy money.
Taking profits? You don’t belong here.
Take what now??
The hardest lesson to learn.
*Could* you make more if you hold it longer?
Yes.
But you’re making money now, and if you hold it longer, you could be losing money instead.