What’s your big gamble? (Volume 4)

[Aiminghigh123]

vulture1 said:

Oh to add my best investment I bought around 2 years ago current value is 100% up





bought 2 of these 1 for me and one to sell as they are always limited. its boxed in mint condition. Worth roughly £260 now as discontinued.

Yes!!!

Now that’s what I’m talking about!!! Good effort. Better than gold!! Lol

[g4ry13]

Aiminghigh123 said:

vulture1 said:

Oh to add my best investment I bought around 2 years ago current value is 100% up





bought 2 of these 1 for me and one to sell as they are always limited. its boxed in mint condition. Worth roughly £260 now as discontinued.

Yes!!!

Now that’s what I’m talking about!!! Good effort. Better than gold!! Lol

Invest in certain sneakers (or trainers as we call them). Some of mine have doubled and if you get lucky could 10x your money.

[ferrisbueller]

More redness here, a continuation of the last few months really. Sticking to my trickling in for the foreseeable I think.

[Bloxxcreative]

vulture1 said:

Everybody wants to tell you of their winnings no one boasts about losses. I think I have 1 green stock today lol. Pepsi and thats only just. Anything that doesn't make any money right now is tanking.

Lithiums etc all mega down but we're all bought a long time ago for me so hold for now. Lots under water though but I wanted more of them so really shouldn't complain.

I guess what you want is 1 or 2nof your stocks down so you can load up within others are flying high to balance it out. Not all at the same time

I can only ever brag about losses as bought at the peak of bull run on both cryptos and shares. Its very uncomfortable.

[g4ry13]

Picked up a chunk of AMD on the open. We have CPI data tomorrow so maybe it's a day premature for any big purchases.

[Mr Overheads]

Added another small lump to ABML, bringing my average down to $1.37

[Legend83]

Peloton - ouch.

[rustyuk]

Rolls-Royce still taking a hammering even though travel is up, orders are up and have their nuclear plants in development.

[g4ry13]

Legend83 said:

Peloton - ouch.

Glad I managed to convince my girlfriend to sell her holding at $160 and then when it dropped below $100.

It's absurd the amount they pay their instructors - totally unjustifiable waste.

[g4ry13]

Coinbase is proving to be another real gem of an investment!

[P155flaps]

g4ry13 said:

Coinbase is proving to be another real gem of an investment!

Not been on in a while but in case you have missed it coinbase is 270% up on a 3 x short in a week, 500% in a month, 47% up today and already 30% up post market. I finally purchased a x3 short just before close.

Like many I suspect, i've been navel gazing for too long and hoping for the bounce on all, even stayed long on some, inc 3BAL which alone lost me about £75k as it dripped down (and its fallen another 15% since I sold). So last week sold every holding (many at big % losses) and switched to aggressive shorting on ones I think still have too high PE and further to fall. Been regretting selling my large nvidia, tesla and paypal short in Feb since mid April as all would be 100%+ up but got over the its already lost loads, licked wounds and 'better late than never' went in x 3 short on

- on Nvida last Tuesday 30% gain.
- Same with Tesla and 25% gain.
- Same with RR and 18% gain
- Coinbase today (should have done Tuesday as was long before but didn't) and 30% up already!

That tactic cancelled out 3 months worth of slow drip feed £200k losses in a week and back in profit for the year. Some of which consolidated today.

I knew a recession was coming and it all looked toppy but was a tardy in following my own advice and gut but as per above better late than never. Learned hard / expensive lesson not to stay wedded to things. Some times its better to sell at a loss, as hard as that is!

Coinbase will bottom at ~$50 I think personally. Scary as not to long ago I held at $170...

[dmahon]

I know this is the gamble thread, but 3x leverage to gain £200k is pretty big numbers. Be careful with bets of that size as you could easily get wiped out.

[dmahon]

g4ry13 said:

Glad I managed to convince my girlfriend to sell her holding at $160 and then when it dropped below $100.

It's absurd the amount they pay their instructors - totally unjustifiable waste.

Olivia Omato is lovely. Sure she is worth every penny!

[vulture1]

dmahon said:

I know this is the gamble thread, but 3x leverage to gain £200k is pretty big numbers. Be careful with bets of that size as you could easily get wiped out.

It's a short so even more risky as best case is zero and a long best case is infinity.

There is a potential short term spring/ trigger event that has stopped me shorting anything as I had considered it.

Russian peace with Ukraine being declared would enact a very big upwards rebound on almost every stock. I'm not saying it would hold but it lies there as a possibility.

[g4ry13]

vulture1 said:

dmahon said:

I know this is the gamble thread, but 3x leverage to gain £200k is pretty big numbers. Be careful with bets of that size as you could easily get wiped out.

It's a short so even more risky as best case is zero and a long best case is infinity.

There is a potential short term spring/ trigger event that has stopped me shorting anything as I had considered it.

Russian peace with Ukraine being declared would enact a very big upwards rebound on almost every stock. I'm not saying it would hold but it lies there as a possibility.

Are stop losses not an option?

I don't see peace happening any time soon. Maybe a Russian withdrawal / retreat, but I don't think the market really cares any more about what's going on there it's actually pretty boring (no offense).

The only concern is that our governments are spunking billions away to protect their interests in Ukraine. Inflation / interest rates is THE concern of the day for the markets and I don't see Oil dropping back to $50 and energy price inflation disappearing even if there was miraculously peace in that region tomorrow.

[Shnozz]

I’d like to diversify with buying a little crypto.

For the luddites, what is the easiest platform to do so? Revolut?

Also, is bitcoin still the go to?

[g4ry13]

Shnozz said:

I’d like to diversify with buying a little crypto.

For the luddites, what is the easiest platform to do so? Revolut?

Also, is bitcoin still the go to?

Probably Revolut or PayPal. But you may not get the most competitive price compared to opening an account on a crypto exchange.

Bitcoin and Ethereum probably the 'safer' crypto bets.

[vulture1]

g4ry13 said:

vulture1 said:

dmahon said:

I know this is the gamble thread, but 3x leverage to gain £200k is pretty big numbers. Be careful with bets of that size as you could easily get wiped out.

It's a short so even more risky as best case is zero and a long best case is infinity.

There is a potential short term spring/ trigger event that has stopped me shorting anything as I had considered it.

Russian peace with Ukraine being declared would enact a very big upwards rebound on almost every stock. I'm not saying it would hold but it lies there as a possibility.

Are stop losses not an option?

I don't see peace happening any time soon. Maybe a Russian withdrawal / retreat, but I don't think the market really cares any more about what's going on there it's actually pretty boring (no offense).

The only concern is that our governments are spunking billions away to protect their interests in Ukraine. Inflation / interest rates is THE concern of the day for the markets and I don't see Oil dropping back to $50 and energy price inflation disappearing even if there was miraculously peace in that region tomorrow.

It's effecting the world more than we all thought. Ukraine is the breadbasket of Europe. Grains particularly. Russia for heavy metals and obviously gas, all this affecting the wider world economy.

[P155flaps]

vulture1 said:

It's a short so even more risky as best case is zero and a long best case is infinity.

There is a potential short term spring/ trigger event that has stopped me shorting anything as I had considered it.

Russian peace with Ukraine being declared would enact a very big upwards rebound on almost every stock. I'm not saying it would hold but it lies there as a possibility.

Yep you are spot on to be fair. There is that risk and have learned closing positions regularly is key even if it means missing gains.

Opended Coinbase yesterday. Just closed position 70% up (in 24 hours) kicking myself not doing last week as it was only ever going one way.

6 figure shorts and I won’t lie caused some sleepless nights. Also closed Nvidia and Tesla shorts as expect a small rise today / tomorrow and fall back Friday and into next week.

Seems there is no chance of peace any time soon sadly.

I do think despite the odd day up trend is another 15-20% down from here in general and that anything with a PE of 25 or over is a sitting duck for biggest % fall on any missed guidance. So will start looking at earnings and shorting any that look shakey. The old buy and hold strategy doesn’t seem to stack up at mo.

[Derek Chevalier]

P155flaps said:

I do think despite the odd day up trend is another 15-20% down from here in general and that anything with a PE of 25 or over is a sitting duck for biggest % fall on any missed guidance. So will start looking at earnings and shorting any that look shakey. The old buy and hold strategy doesn’t seem to stack up at mo.

I don't see how a buy and hold strategy for a globally diversified portfolio isn't working?