Down to about $90k, where would you park it if your trading skills were trash?

wxytrader said:
Ok why don't you put a stop loss on your house? Set a smart contract up to sell it if the price drops 5% lol yes that's how stupid stop losses are. You guys have been completely hoodwinked into thinking stop losses are there to stop YOU from losing money when all they are for is to create liquidity for THEM.
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Yup and cancel home insurance.

Drive without car insurance.

Live care free and drive a used Lambo thanks to daddy's money.

Oh wait we all can't all be you.
 
Another ET Poster who drives a Lamborghini. One ET Poster even claims to have a fleet of Lambos.

Are myself and Semperfrosty the only ones who don't drive Lanbos? Nothing wrong with Semperfrosty's three wheel Van.

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wxytrader said:
Why would you sell at the bottom lol? I wouldn't do this with my entire portfolio if I needed money from it daily...I would sell premium.
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I'm making an you are talking about selling covered calls.
If you do that and the stock gets called away you are then stuck with a loss are you not?
 
wxytrader said:
That is the worst advice ever. Cutting losses is realizing losses versus using the opportunity to lower your break even and maximize gains. You guys aren't driving Lambos because you are thinking like retail bitches.
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Hello wxytrader,

I agree 1000% with you on this.
 
deaddog said:
I'm making an you are talking about selling covered calls.
If you do that and the stock gets called away you are then stuck with a loss are you not?
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There you have it...“the most important and difficult job is never to find the right answer; it is to find the right question”...
 
TrailerParkTed said:
Now I know why Lord Dest and Dustin. do not frequent Elite as much.
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Yeah because I schooled them on options...jk yeah they know their stuff when it comes to vols but that ain't going to get you 2008 Lambo money. Stocks are the one thing where you don't have to be a professional to beat professionals. My very first trade I bought 5000 shares thinking it was $5000 and my entire account was in a trade, and it was down so I said f it, and a week or so later it got bought out...boom! 70k lol

In no other profession is that possible...you aren't going to beat a pro golfer, or tennis player no matter what...but a newb can beat a seasoned professional trader anytime with sheer stupidity.
 
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wxytrader said:
There you have it...“the most important and difficult job is never to find the right answer; it is to find the right question”...
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LOL!!
The right question doesn't do you much good when you can't get a straight answer.:banghead:
 
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