These 10x bets are inherently meaningless because nobody is brave or foolish enough to put in a lot of chips. So what if your 50k turns into 500k? Doesn’t change your life. It also has a not-insignificant chance of going to 5k.
I think it’s better to bet on ones that have high probability of going 2x. And then if you want more return use leverage. At least with this strategy you solved the problem of “what”. 2x candidates are much easier to identify with confidence. You can bet a lot more, so you can make meaningful wealth.
Please list the candidates. Thanks.
Exclude AAPL, NVDA, MU, FB, TCEHY, BIDU and BABA since I have them
Also exclude SPLK, VEEV, IRBT and NTNX since I have them in 10x (over 10 years unfortunately) portfolio.
Cash on cash return of current FB position is 4x if it expires at $220 on Jan OE, 2x if expires at $180.
F10 +13.58% Up 0.3% from last week
AAPL -2.3% Up 0.6% from last week
TCEHY +6.39% Up 1.4% from last week
GOOG +19.4% Down 0.8% from last week
AMZN +76.6% Down 2.7% from last week
NFLX +102.3% Down 0.7% from last week
DimSum -0.89% Up 1.86% over last week, closing the gap with F10, only red is BIDU
FB is behaving as expected Retraced into the red box and resume rallying.
Regrettably, I didn’t. Only 600 shares. Tracked closely because earning is near, Jan 30. Also, trying to re-learn what I had learned and forgot. I use to track this way to trade options, got lazy after awhile, time to make BIG money again betting on options. Didn’t load up heavily when it went into the red box Btw, after completion of (5), if (5) is not extended, would retrace back into the red box Your opportunity to grab if it turns out that way.
AAPL: Picture is vague. Next week, either roars all the way to $176 or decline to $150 after hitting $160. Behavior would depend on next quarter guidance and Apple comments on China situation.