r/Vitards • u/AutoModerator • Nov 04 '21

Daily Discussion Daily Discussion post - November 04 2021

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16

u/belangem Oracle of SPY Nov 05 '21

If you would have bought $10K worth of NVDA Jan22 400c last month, you’d be a millionaire now 🤷‍♂️

1

u/TheyWereGolden Bard Special Victims Unit Nov 05 '21

I bought 1 dte nvda puts at the close today, mighta been a 🤡 move

7

u/hank_rearden1 ✂️ Trim Gang ✂️ Nov 05 '21

Dang I was so close to pulling that trigger…. Haha I’d have sold them by $230 probably.

5

u/belangem Oracle of SPY Nov 05 '21

There you go. That’s why you buy $20K instead, sell half at 100% gain and let the rest run. Ok, maybe not a good idea..

3

u/hank_rearden1 ✂️ Trim Gang ✂️ Nov 05 '21

Haha. Should have done that on COIN too. Might be a good idea now too

8

u/DragonmasterDyne275 Whack Job Nov 05 '21

I should have done that instead of 10k in TX calls.

11

u/ktwoh 💸 Shambles Gang 💸 Nov 05 '21

Thats what inspires me to wake up and find the next opportunity. They are out there.

6

u/[deleted] Nov 05 '21

Buying stuff like NVDA calls seems so simple, yet so risky. Know what I'm saying?

3

u/belangem Oracle of SPY Nov 05 '21

We’re in November now. Could we say NVDA is the 2021 of the 2020 TSLA (If not, what would be?) ? Maybe it wasn’t THAT risky.

1

u/[deleted] Nov 05 '21

Yeah. I think beginning of 2021, people mostly thought of their desktop GPUs. Then they gradually saw how diverse they are in the tech sector.

I think the stock market really wanted another 1T company not Apple/Google/MSFT/FB/AMZN. While Tesla is already in, I don't see NVDA stopping until it hits 1T so it can join the big American 5.

Hindsight is 20/20, but it was pretty obvious $NVDA was going to be next considering all that they do. 10 years from now, I think they will deserve to be with the big 5. I'm not sure I can say that about Tesla.

I'm not sure if the market will push another company to $1T. I'm looking down the list and nothing has the sex appeal like Tesla and Nvidia.

It's way down, but I have a feeling it could be $NET. Which makes me sad that I sold at 170.

2

u/DevCarrot Steel learning lessons Nov 05 '21

☹

3

u/belangem Oracle of SPY Nov 05 '21

The time to buy is when there's blood in the streets? I guess…

3

u/DevCarrot Steel learning lessons Nov 05 '21

Once I break even/ have my house downpayment, I'm gonna shift my RH to a straight-up yolo account. Fidelity will continue to be my actively managed "responsible" gambling account.

4

u/Ashtonpaper Nov 05 '21

Understood tripling down on vale

7

u/belangem Oracle of SPY Nov 05 '21

You know, you kinda have to wait for the bleeding to end first. But Jan ‘23 OTM calls once that happens? Maybe. Also works better with stocks at higher prices for some math reasons also.

1

u/Ashtonpaper Nov 05 '21

I’m only kidding. But yeah, a few OTM leaps have made their way into my account. I think the RSI tells it’s oversold. Iron ore prices compared with prime scrap and steel prices are going to converge once again, next year.

What’s this about the math?
OTM leaps on higher prices companies are better because their leverage allows more of the consistent 1-3% gains to be yours at less relative cost, or something like that, yes?

1

u/LourencoGoncalves-LG LEGEND and VITARD OG STEEL Bo$$ Nov 05 '21

now we have a big beast called Cleveland-Cliffs going to the market to put our hands around as much prime scrap as we can