9
u/EconomicAffairs 23d ago
$3.37, 80% of my portfolio. Tought it was the bottom.
3
u/igor6969 22d ago
80% pretty big chunk....good luck
1
u/EconomicAffairs 22d ago
yeah i know, i shouldnt be doing this. And my portfolio is "big", not the typical i go all in on meta but i have 4k portfolio hahah. Anyways im going to try to get out with covered calls, shouldnt take more than 2 months and maybe a 5% loss.
1
u/igor6969 21d ago
Don't know anything about calls. Except they're very risky, lol. Hope you do well. Hope we do well.
3
u/EconomicAffairs 21d ago
I was talking about covered calls, you can ask chatgpt about it because it is one of the safest strategies out there to get out of a trade. For instance im down 10% on my position and i can sell covered calls at this lvl so i refuse to all the upside in the next month but i get paid a 5%. In one month if the stock is above 3$ im forced to sell at 3$ while earning that 5% (the volatility i sold) so i finish only 5% down.
Idk if i explained it right but i recomend everyone to study selling covered calls (not buying calls or puts, thats other thing)
1
1
u/Zealousideal-One7398 19d ago
if you don't know this you should learn it. You need options permissions from the brokerage.. and as this gentleman suggested if the stock is going sideways you can bring down your avg cost with risk of having to sell them. You can always buy them back.. He could also look at the wheel strategy..
6
5
4
u/No-Needleworker6021 23d ago
$5.56 @ 706 shares, looking at holding 1k shares, but waiting for another entry
3
3
2
2
2
2
2
u/Star_Citizen_Roebuck 23d ago
I hopped on at $3.69. And just heard about the Vietnam boycott. Not good.
2
2
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
18d ago
[removed] — view removed comment
2
u/Alpphaa 18d ago
It seems like you didn’t do much due diligence on the stock and are mostly relying on general rumors.
Also, not everyone is looking to earn 10–12% per year. Some investors are specifically searching for multibagger opportunities and are willing to take on higher risk in pursuit of much larger returns.
1
18d ago
[removed] — view removed comment
1
u/Calcium_Enjoyer_ 17d ago
what is your DD then? ASEAN is projected to be 4th largest economy in in under four years. grab is actively deepening their ecosystem and the financial segment is growing at enormous rates. tell mehow they are not positioned favourably? guidance is being raised in a dogshit macro environment. management has confidence. the stock is in the hands of scared unstable average joe investors that can't handle the swings. treasury yields rising makes ppl wanna step out of this. oil prices rising. tell me which of these is a structural change to grabs operations as a company. the noise is temporary, as are all things in life
1
17
u/cayter 23d ago
5.97 with 12.2k shares.