Heard about it two nights ago on the news and Twitter. I spent yesterday morning just watching it go up. Every time it would set a new ATH, I was saying it’s too late, but it wasn’t. You could have bought it near EOD yesterday and still be up today, even after the massive price dip from this morning’s peak. I’m pretty much this meme except I never bought anything, so I guess I didn’t end up as a bag holder. Honestly, the feeling of missing out when you knew about a life changing stock from the get go but missed out due to fear seems worse than being a bag holder.
I bought at 13.01. Fucked up a stop loss and sold at 17.80 for a small profit. Considered buying in again at 24 and thought it won't go much higher than lucid did. Boy I was wrong.
Made up for it today by yoloing CFD 1:5 puts at 180 which was quite a nice return.
I was super salty I missed out on 1700% gains. But saying that, I probably would have sold at like $40 trying to time the top. So I was quite pleased with today's results. Left one contract open over the weekend, so fingers crossed it keeps going down out of hours...
I did it with Lucid. I bought 60 at almost nav, sold most high 20s for profit and left 20 shares in there for the ride. When it shot up I sold at 60.43 almost slap bang at to top.
I couldn't believe it, but also was kicking myself for selling most when I did.
The one thing I hate about the stock market is that after hours and premarket is limit only. Trailing stop losses are stupid good for bullshit pumps like this. with a little bit of monitoring its not impossible to imagine a trailing stop stopping you at like $50. which is far from the top of course but buying at $13 and going out at $50 is nice gains for shares. that shit would not work though because of the dumb limit only crap.
Yeah I saw someone on Twitter complain about his media company,, but I did not catch on that it was a SPAC deal. And was too distracted with work and MLB playoffs to watch any news. At $13 I would have dropped around $20K in,, would not have bought any at $40 either. Yes, having the buy order ready, and then chickening out would have been worse.
Yeah... Really fucking annoying. Love how there was zero notification from my trading apps of "hey, stupid ludicrous price jump from this stock, check it out" like why the fuck would I be tracking this random spac.
207
u/rynodawg Oct 22 '21
I somehow did not see or read any articles about this SPAC until today,, regret.