I wanted to short Twitter a while back, when it was originally bloated at ~$40. It dropped all the way down to ~$15, but I don't invest on margin and so didn't capitalize on it.
Are you doing this in an IRA account? It doesn't sound like you're investing much money, but you can't take advantage of capital gains tax unless you hold onto positions for 12 months or something like that; depending on your income bracket, that might be bad.
Still don't quite understand how they made a profit,
They didn't back when I was considering it. Don't know about their financials now, but it's all a scam. Almost at $70 now, ROFL.
I'm heavily into EVs and February was a really, really bad month for growth stocks. Apparently the worst since the Dot Com bust. They'll recover, but I have to roll my eyes at TWTR outperforming - strike price wise - my entire portfolio atm. That'll correct itself long-term for sure, but is annoying.
I have full understanding of the taxes, risks etc involved
Got it. Echo your same sentiments about WSBets btw, there's no point in visiting it. For a while it was just being spammed by a few users for some Matrix chat room, think it got cut down on, but either the experience was lackluster.
IMO NIO is the real deal, and I'm hedging most of my IRA on it playing out as such over the next 4 years. Chinese market is massive and they might be profitable by EOY. Getting to the next level after that might be hard, but they have a lot of tech.
Unfortunately, I pretty much hate most companies so I can't apply principles. Wall Street is a dirty, filthy place that saps all morals. All most can hope for is to come out of it well enough to retire early, never mind the debris.
You're doing fine, though I don't have the stomach for crypto. As long as you aren't putting up loses or bleeding on margin, that makes you a wise investor. Compare this to me missing out on cashing out on Fisker's post-Foxconn bump...got a bit too greedy, it didn't make the jump to where it should have, and my potential gains got completely ruined by a mostly Red February. Now I'm waiting for it to go back to its peak so I can offload the warrants and shares and engage in dirty profit-taking games.
I wanted to short Twitter a while back, when it was originally bloated at ~$40. It dropped all the way down to ~$15, but I don't invest on margin and so didn't capitalize on it.
Are you doing this in an IRA account? It doesn't sound like you're investing much money, but you can't take advantage of capital gains tax unless you hold onto positions for 12 months or something like that; depending on your income bracket, that might be bad.
They didn't back when I was considering it. Don't know about their financials now, but it's all a scam. Almost at $70 now, ROFL.
I'm heavily into EVs and February was a really, really bad month for growth stocks. Apparently the worst since the Dot Com bust. They'll recover, but I have to roll my eyes at TWTR outperforming - strike price wise - my entire portfolio atm. That'll correct itself long-term for sure, but is annoying.
Got it. Echo your same sentiments about WSBets btw, there's no point in visiting it. For a while it was just being spammed by a few users for some Matrix chat room, think it got cut down on, but either the experience was lackluster.
IMO NIO is the real deal, and I'm hedging most of my IRA on it playing out as such over the next 4 years. Chinese market is massive and they might be profitable by EOY. Getting to the next level after that might be hard, but they have a lot of tech.
Unfortunately, I pretty much hate most companies so I can't apply principles. Wall Street is a dirty, filthy place that saps all morals. All most can hope for is to come out of it well enough to retire early, never mind the debris.
You're doing fine, though I don't have the stomach for crypto. As long as you aren't putting up loses or bleeding on margin, that makes you a wise investor. Compare this to me missing out on cashing out on Fisker's post-Foxconn bump...got a bit too greedy, it didn't make the jump to where it should have, and my potential gains got completely ruined by a mostly Red February. Now I'm waiting for it to go back to its peak so I can offload the warrants and shares and engage in dirty profit-taking games.