Fang, ant, bat


#985

Too much greed could make you buy an option expiring in two weeks, because you wanted to momo it, but then trump announces tariffs, and that buy goes bust.


#986

Don’t put too much if you don’t have a strong heart :scream:


#987

the way i do it (and occasionally go against it and lose) is to identify 3-4 stocks that dropped significantly that I believe in long term, and buy 3-month or so out calls, in the money but not too deep.


#988

My portfolio already fluctuates in 6 digits on a daily basis. Still sleeps well so far. :blush:


#989

that makes it ~10M. hanera, take note.


#991

That’s a large portfolio :slight_smile: 1% drops in a 10M portfolio isn’t too bad. :slight_smile:


#992

Train yourself to look from a percentage viewpoint. That’s the only way to scale.


#993

Last 4 or 5 years, I follow similar strategy with 160 tickers, but instead of calls, why do not you make stock buys and hold it?


#994

too slow, that’s why, i do have buy and holds, though.


#995

I can’t help, but think that some of you guys are slumming it - bayiew/east bay/south bay burbs. Trading in the 8 figure range, but living in the million dollar shack. 10% daily swings takes a strong stomach. I can see why there’s so much nervousness when the stock market takes a hit.

It takes ~3M to get a nice house in the peninsula. I have to side with SFDB, live a little!


#996

Obviously you’ve lost touch with SB prices. $1M won’t get you a piece of land. $1.5M probably get you a piece of land with a fixer upper.

19%20AM

08%20AM


#997

Doesn’t change the meaning of what I said.

Watching 100k fluctuation in your portfolio. Returning 25 to 50% (2.5-5M) a year and expect to in the future? Go collect your 2 and 20. Get your returns audited and use it as marketing.


#998

Yes @manch, please use some of that wealth and buy a nice home in Palo Alto. Get out of Bayview.


#999

I heard Buffett is sluming in the same old shack for decades.


#1000

His methods might not be applicable to you. You need to enjoy life a little. What good is money if it’s only paper money. :smile:


#1001

He is referring to you too🙄


#1002

Im sure buffet is enjoying life more than any of you can :slight_smile:


#1003

In addition to money, he also has fame and power. Fame and power can derive more satisfaction than money to some people.


#1004

Power is the key. Bill gates is calling none of you guys, but he is having mcdonalds with warren :slight_smile:


#1005

You can always use money to buy power and fame.