Up 1,600%+ myself on my novelty shares. Still can’t believe it took off so quickly… I almost caught the true bottom. Congrats snagging quite a bit more than me.

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True that!

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True that, congrats!

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That's only because most of the loss porn is posted by people who buy low delta with too much of their accounts. There's no market beating edge in just selling options (if there were, no one would buy). People like to say that option sellers are the casino, and the casino always wins, but that's not at all true. The casino is the market itself.

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Good move. If it's too good to be true it probably is. My new rule will be to never buy at ath and to exit after any miraculous short term 10% gains. There ain't no free lunch and greed just gets you burned time and time again. What can go up 40% in 3 months can also go back down 40% in 3 months or less. High beta means always living on the edge.

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Go read a book on r/bogleheads and become a true longterm investor. If not then welcome, the first one is always free and afterwards you ruin your relationships with friends, family and lovers. Those three things are not mutually exclusive. Here’s your Wendy’s application.

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Yeah they are exclusively ok as true crisis insurance. Crisis so bad even gold gets sold off to buy bonds. However when interest rates get jacked again they're cooked. When rates get cut over a longer period like the 2010s the stock market will boom so much bonds are a joke. The play would be hold stocks, sniff out a covid crisis somehow using your crystal ball, switch to bonds, when they hit their peak sell them for variable rate or inflation adjusted bonds right before cpi comes in at 10% and rates are about to get jacked out of inflation fears, when they hit their peak switch to stocks again. Obviously impossible to time. Just hold gold instead of bonds, works well enough as crisis insurance even though in a full sell off crisis it's not safe either. Bonds just make no sense. Even chatgpt is telling me to avoid long dated bonds. Itis recommending ultra short and short duration bonds and maybe tips as a 'cash-like' holding with hopefully better yield than just keeping cash in a savings account, however i can't get myself to ever buy bonds again.

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True!

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Take it as a learning experience. I tell everyone that the only true way to learn covered calls is to just do them and learn as you go. A year of mistakes could lead to years of profit.

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True. Very true.

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