Thoughts on MSTE? Saw the crazy drop again after work tonight, Wanted to know how the community is holding on this almost 1 year journey of continuous dropping Currently -$115k and I know I am not the only one taking a heavy hit $MSTE
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17 Comments
Adventurer @adventure69 · 1d
I think you are the odd exception to self investing. You’d be better off having a big bank invest for you.
Daniel
@d4nyl · 1d
Wow. Half your portfolio in MSTE. I hope you truly understand covered calls. It’s not free money. The only way they can continue paying out these large dividends when the underlying asset, in this case, Bitcoin is doing poorly is by selling more of their positions which drives the price lower and lower.Unless Bitcoin explodes, you won’t recover these losses. You’re young, you can start over. Of course, if your conviction is that strong, keep buying, but try to challenge your perspective with some Ben Felix covered call critics on Youtube. All the best.
Gloor
@gloor · 3h
You put almost half of your account into one asset? Well, that’s a massive gamble
Harry @divyitup · 10h
Been buying around $2 and will continue to do so.
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