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ASTS has grown to be my top holding across accounts. I am mo...
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ASTS has grown to be my top holding across accounts. I am moving some profits into BTC tickers and building a position in other pre-revenue companies. Also, balancing with TLT/TMF and hedging with VIX calls.
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It’s a beautiful day!
Former scientist, enthusiastic reader and student of capital markets.
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I Am 102927471 :
Dan’l : I
ASTS, despite recent price falls. (Did somebody shoot their bluebirds down?)
So much for moovin’ ACHR: it’d make more sense to just buy more, while it’s still under three… manipulated, maybe?
BelleWeather OP Dan’l : I don’t know, at all. But, yes, I’ve been selling ASTS puts with this drop (and did expect it to range for a couple of months while the bluebirds are in testing, with potential pops on new announcements.) I think ACHR is a sleeper. I’m hoping for another big rally before EOY, but definitely think it will do well next year. Bottom line, for these, this is where I buy more shares and sometimes add contracts or sell them! Were you thinking ACHR would fly (pun intended,) today? I think some news and actual service will do it. Gives us more time to scale in for investment, bright side!
Dan’l BelleWeather OP : Oh, I’m still in; stubborn bull in re ACHR. (Just wish I’d sold the 800 there, as planned, so I could be buying ‘em back.)
I’m now looking to shake loose the funds to just double-down, either on here, or (more likely) on Robinhood.
OoOr, maybe I should be selling puts?
BelleWeather OP Dan’l : Actually, I just started doing that! And I love it. It seems like a great balance for an options strategy. I write a put at the strike I’d want to buy in instead of buying the stock outright, and therefore pay less than I would buying shares outright and get paid to do it! Also, so far, the contracts have remained out of the money, so I’m just collecting premium (and buying shares of whatever is down or needed for balance or hedge.)
I did do something ridiculous today, though. My ASTS position was all bullish save on CC, so I wanted to just buy some puts for protection. And accidentally sold them instead, so extra extra bullish now, little protection, and used up some collateral for now (though not much.)
Not wanting to sell any of your shares is a good problem to have! Though can be frustrating. I actually have never intentionally traded shares before, always in reaction to something, even when I sold MSTR earlier this year (I was rebalancing and building the ASTS position, so it worked out!) I buy and hold indefinitely unless something materially changes for the company. And LEAPS and synthetics are part of a longterm strategy as well. Only options do I trade and with profits from those and the little bit of dividends I receive, buy more shares! Haha, plus my normal monthly and weekly investments. But that income from options, especially the lower risk CSPs has given me a boost for sure, and there is always a little bit of money trickling in to invest. (I have been awful at times, penny pinching to invest - like buying shares with most of my direct deposit and trying to ration out the rest for the least expensive groceries or whatever. Though, better than buying a ton of shoes or something!)
Dan’l BelleWeather OP : Yours is a winning long-term combination of strategies and discipline (seeing the shining lights of Buffett, but in shades of your own aggressively modern style ~;-)
I have everything I need, and simple wants. Money, to me, is a tool; the levers and ropes, to help lift others up and allow them to climb. I’m happy to give it away, but can’t stand wasting it.
I don’t pay banks to hold my money: they pay me bonuses, and interest, instead. I use a credit card for most every purchase, earning points on their money, paying the statement balances (at zero interest, with no fees).
All that said? I’ve been squeezing pennies guided by percentages, with my eyes upon growing the numbers of shares, trading so often that most of my positions are identified as wash sales (since I often sell what is losing the least, to buy more of what is likely to increase the most). E.g., over half of my ASTS was purchased from these short-term profits (with at least a third being produced by its own fluctuations).
AI chips, and September? A bit rough.
I often go so far as to consider the prior day’s gains before buying shares, since that’s the basis the IRS sees as cost. (I anticipate hours with them, this year.)
My sister called me obsessed with investing yesterday, which I’m ok with (been called worse, by her, et al. ~;-)
BelleWeather OP Dan’l : Haha! I relate to you across the board! Could have said each thing myself! I spoke on the phone (very rare) today with my best friend. And he agreed that the most appropriate self care for me is trading, investing and researching those things.
Oh! So wash sale works both ways? I’m confused about that. And oh dear, I have made a huge mess for taxes this year. Traded crypto a bit and options daily. I actually think I need to find and hire an accountant.
I also started concentrating investments and focusing on what will give the greatest return, but just last year. I actually did have an emotional attachment of sorts to holdings. Now, it’s strictly what will make the number go up highest )and sometimes soonest, depending.)
It’s great fun to chat with you
Exactly : Far out!!!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Exactly : Do u know anything about sangamo stocks? Are they good?
BelleWeather OP Exactly : I don’t know, I’m sorry!
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