So If you had $50,000.00 sitting in an IRA in the form of cash what one stock would you buy so you could turn into Warren Buffet? Go all in with $50,000.00! [Reply]
Originally Posted by philfree:
So If you had $50,000.00 sitting in an IRA in the form of cash what one stock would you buy so you could turn into Warren Buffet? Go all in with $50,000.00!
I'd ask Clay what to buy then short whatever he picks. [Reply]
Originally Posted by philfree:
So If you had $50,000.00 sitting in an IRA in the form of cash what one stock would you buy so you could turn into Warren Buffet? Go all in with $50,000.00!
Are we trying to hit a home run? Or would this be a realistic thing where we're managing risk and reward? I'm content with a lower reward and lower risk if it's real money.
If I was trying to hit a home run, I'd go with a cruise line or with an REIT. They're going to bounce back strong or go under. I've got some REITs that have been sodomized for the past month like TWO. TWO might be my play if I wanted to hit a home run and not worry about risk.
If I was putting it all in one stock and I cared about risk, I'd probably go AMZN. It'll go up with market increases and won't get nailed as bad if the market tanks.
So if this is a game, I'll put my money in AMZN. [Reply]
Underlying stock closes within all four strike prices of the iron condor, out of the money on the expiration date. Don't close the position thinking, logically, that since all four strikes are out of the money, nobody will exercise my short put and call positions.
Wake up this morning: someone had exercised the short call after the market closed yesterday.
For about an hour, I assumed I had just lost 50% of my net worth to pay back the hundreds of shares of the underlying I found myself holding short in an appreciating market. [Reply]
Underlying stock closes within all four strike prices of the iron condor, out of the money on the expiration date. Don't close the position thinking, logically, that since all four strikes are out of the money, nobody will exercise my short put and call positions.
Wake up this morning: someone had exercised the short call after the market closed yesterday.
For about an hour, I assumed I had just lost 50% of my net worth to pay back the hundreds of shares of the underlying I found myself holding short in an appreciating market.
That's not exciting. I presume you got out?
You're tougher than me. I was naked on a hedge last year and got crunched on some margin.
Grand scheme of the whole thing, it was fine. I still had gods plenty of the physical and the margin money wasn't significant. But sure had me freaking out at the time. Fucking weather market.
Originally Posted by Buehler445:
That's not exciting. I presume you got out?
You're tougher than me. I was naked on a hedge last year and got crunched on some margin.
Grand scheme of the whole thing, it was fine. I still had gods plenty of the physical and the margin money wasn't significant. But sure had me freaking out at the time. Fucking weather market.
I couldn't imagine having that exposure.
I wouldn't be posting today if I didn't get out.
Cost me all of my recent trading gains and over $1,000 to get back above margin requirement. [Reply]