Some late additions to the 2025 clusterfuckfest:
- War with Venezuela
- Kim Kardashian in Fortnite
- Ongoing Michigan football scandal
- Oracle can’t handle printing money by just saying the word AI
What else am I missing this week?
CSPs. Basically shares with a little downside protection. Still taking a 100k L on them tho. The max acceptable drawdown before loss was \~4%. IE: I'm eating probably a 7% loss tomorrow if we open 10% red.
not even sure how we're on the same page when OP is fucking -92% and i said he could have rolled it out for more chance a few months back given he was planning to hold as he bought a long expiry contract (all of which is with the power of hindsight)
rolling options means closing one position and opening another one simultaneously at the same time/value (so back in Aug would have been ~2.5k at one point) - and yes, extend the duration. that isn't doubling down. yes, its paying for more time. no, he wouldn't have been down anymore than right now at -5k cuz he's not adding more to his risk if he's simply rolling it further out (vs adding more to the position)
or he could have taken the L at like -50% at various points earlier this year but shrug. but if you want to argue semantics or something then nvm