Wow, I really missed out on $BE, I started watching the stock 3 weeks ago. I bought a put from $219 and held to $205 (since I expected a reaction from the gap). I expected us to go to $186 which was my target to buy calls. My small profit is nothing compared to what I would’ve gotten if I bought calls as I sold my put. Although the returns would’ve been much greater, it reminds me of the time when I bought $SOXL (3x $SOXX) at around 15$ and sold at 30$, and it ran up to 280$ in a year, Or $MU at $50-60. I need to learn how to leave my money alone and invest long-term instead of chasing measly gains. I left so much money behind trying to trade instead of investing.
350 views
3 Comments
Ola Ajiboye@olajohna · 11d
SoXL is 3x SOXX, it’s also really not a buy and hold ticker. You need an entry and exit strategy. The volatility decay is a big deal. I have been wiped out 30% in a single day this year and multiple 10-15% loss days. If it gets into a bear market it can take several years to recover with 90% wiped out.
See the full comment section 👀Sign up for the full Blossom experience!
