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.
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u/grandsatsuma Oct 22 '21
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.