Stock Market

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I bought some IWX (Russel) and a QQQ track that pays a dividend during the current "dip".

I've been wanting some index funds and figured I'd get a token amount while they're on sale (30% off).

Today I'm up 10% on both, but I bought more of the dividend payer.

I may be premature, but at least I have that token to easily track when I view my holdings.
 
...and a bit of a "don't bet if you can't afford to lose" pick-

MSTY

Learned about it on another forum.

Get this- 123% dividend.

You read that right- 123% as of this morning. It does fluctuate quite a bit but seems to always be around 100%.

The price fluctuates as well, Was 25.1 when I bought. 22.7 this morning.
I guess it goes down after a dividend payout and builds back up to the next one.

Here's "the catch"-

It's a fund that buys and sells options on another fund, that...stay with me here, it's a bit foggy...buys and sells options on bitcoin.

I'm in for $500 just to see what happens.

I may buy $500 more to DCA a little.

Ex-dividend was yesterday.

Payout is tomorrow.

...and it pays every 4 weeks (not once a month), so 13 times a year- that's odd.

I gotta see what happens mid term on this.

I'm super shy of actual bitcoin and it's HUGE speculative swings.

...but these folks are putting a LOT of effort in tracking it and "hedging" the movements.

:popcorn: :popcorn: :popcorn: :popcorn: :popcorn:
 
That $AXON purchase worked out as of today. Not quite 10% but better than the S&P so far. April was the better dip for sure!
 
YY1 said:
...and a bit of a "don't bet if you can't afford to lose" pick-

MSTY

Learned about it on another forum.

Get this- 123% dividend.

You read that right- 123% as of this morning. It does fluctuate quite a bit but seems to always be around 100%.

The price fluctuates as well, Was 25.1 when I bought. 22.7 this morning.
I guess it goes down after a dividend payout and builds back up to the next one.

Here's "the catch"-

It's a fund that buys and sells options on another fund, that...stay with me here, it's a bit foggy...buys and sells options on bitcoin.

I'm in for $500 just to see what happens.

I may buy $500 more to DCA a little.

Ex-dividend was yesterday.

Payout is tomorrow.

...and it pays every 4 weeks (not once a month), so 13 times a year- that's odd.

I gotta see what happens mid term on this.

I'm super shy of actual bitcoin and it's HUGE speculative swings.

...but these folks are putting a LOT of effort in tracking it and "hedging" the movements.

:popcorn: :popcorn: :popcorn: :popcorn: :popcorn:
Click to expand...
Those yieldmax funds are a crapshoot. That yield is a LURE to suck you in. Yield only really matters if the underlying asset remains stable. If the asset erodes, yield is a mirage.

MSTY is a covered call fund that trades MSTR (via synthetic option position) and the calls.

If the stock cooperates, they do OK. If the stock doesn't they absolutely SUCK at managing the covered calls/strikes. Management is lazy and not active. It's put the trade on for the week and wait to roll it or close it 99% of the time the next thursday or usually Friday (day of option expiration).

Look at a chart and note the general direction of the price. Most are higher on the left side than on the right. It's mostly downhill for these funds and you have to "hope" the distributions outstrip the nav destruction/degradation.
 
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Thanks.

WAY more than I'm comfortable trying to understand.

As I said it's "don't bet if you can't afford to lose" money.
 
What a ride! Could’ve held on and made a bunch more on some speculative stuff. I pulled kinda early on some great (more fundamental) buys too. Holding onto some non-discretionary companies for their dividends for now. Happy hunting…
 
I eased off when the mkt reacted to the tariffs.
I let the stops do their job, left cash in the bank, slept well.
Started re-entering a while back.
I got back into OKLA, added SMR, VST, GEV, all energy, OKLA more than doubled others are good.
Got back into PLTR (all time high up 111% this year), CRWV, NFLX, SPOT,
I entered into 2 electric Vertical Takeoff Taxi cos.
ACHR, JOBY. - joby doubled last week.
Scalping APP daily .
Check out JOBY website, ACHR is the Calif manufacturer of the vehicle.
www.jobyaviation.com

Joby Flies Quiet Electric Air Taxi in New York City | Joby

Joby performed an exhibition flight in New York City, marking the first-ever electric air taxi flight in the city and the first time Joby has flown in an urban setting.
www.jobyaviation.com www.jobyaviation.com
Good Trading
 
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I'm selling out a bunch for the weekend. cheap insurance.
Gut feeling.
NEW Tariffs on GOLD in U.S.
No tariffs elseware. arbitrage much

For those that may have followed me into 5N Plus for their "rare earths" at <$5, its $15+ now. Lock in some profits, I sold 1/2 a long time ago.
A second(?) rare earth mine (US) came on the market MP,

MP Materials Corp. (MP)​

I bought some a while ago, keeps going up
I'll likely pick up some laser weapon/tree trimming, satellite killer (seriously) stock, also going up.

Howmet Aerospace Inc. (HWM)​

Set your stops
Good Trading, - good weekend .
 
My dad's a day trader and he seems to have made money a pretty good this week
 
Mtrhead said:
It's hard to beat mutual funds
Click to expand...

If you want diversification, buy 3 or 4 index etfs SPY QQQ IWM, grab an international fund too.
Want something more focused, look at the sector spiders. XLF XLV etc. You can drill down to individual stocks if you choose.
They all have management fees, nothing like most mutual funds. Plus many ETFs, you can sell calls against them to generate additional income. LEARN about options and treat it like an additional dividend. Take dividend, buy more shares.

Same with "advisors", they take a percentage. If they don't beat the market by at least their "vig" what exactly are they doing? DO it yourself.

Also totally agree with if something doubles or greater, sell enough to recoup initial, house money, let it eat if the outlook is still good.

I don't run around with the sky is falling or calling for a market crash. I do think that based on cycles/timing, 2026 is going to have a major crash/correction. Really big one too.

Just my 2 cents
 
Maybe I'll tell my hard-headed father this but I swear he seems to be doing WELL!
 
Mtrhead said:
Maybe I'll tell my hard-headed father this but I swear he seems to be doing WELL!
Click to expand...

Nothing wrong with day trading. If he's profitable, great.

Long term holdings, never in mutual funds with the other assets available with lower fees. One problem with this is long term holdings that have large gains would trigger a taxable event in a non retirement account. Inside a retirement account, no problem selling and reallocating. Regular taxable account, have to factor in all the elements.

My neighbor asked me to help her with her CA PERS selections. Funny that virtually every single fund they had available, all trailed the index they benchmarked... the management fee.
 
Anyone trade options? I'm not in the game anymore since 17 when my wife left and all she wanted was the money......need to start a thread on how to protect yourself from divorce if you get married.
 
Cranky said:
Anyone trade options? I'm not in the game anymore since 17 when my wife left and all she wanted was the money......need to start a thread on how to protect yourself from divorce if you get married.
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What do you want to know about options?
Every single person that I know or spoke with that says options are risky, lost everything because they overleveraged, had no plan/process and the market punished them. The roulette trade, I have 10K, putting it all on an option for Gunascrewme inc... akin to put it all on black... you might hit, table odds aren't in your favor. Yep they got screwed.
 
Mine brought nothing to the table but a case of bipolar I told her that I would take a chance but I got to get a signature...lasted 8 years...5 of Hell!!!
 
crackedback said:
What do you want to know about options?
Every single person that I know or spoke with that says options are risky, lost everything because they overleveraged, had no plan/process and the market punished them. The roulette trade, I have 10K, putting it all on an option for Gunascrewme inc... akin to put it all on black... you might hit, table odds aren't in your favor. Yep they got screwed.
Click to expand...
I started studying options in around 2008 when my XOM stock went down. Started selling calls on it until it finally got called but by then, I was pretty much even. Mainly only dealt with selling puts and calls. Made 30k in one year just with TSLA....
 
@Cranky If you were selling puts, you are way ahead of most in the arena.

Selling puts is great as long as you are cool with taking the stock if required. One of the dirty little secret of many billionaire investors, like the guy in Omaha. Spreading those things off works too. Nice thing about an option, if it's in your account at the start of the day, you have an opportunity to adjust it.

If you like tesla... look at TSLL, it's a bull 2x etf with options available and some decent premium, trades around $12/share. ATM one week out puts are about $50.
I sell put options on this one all the time
 
crackedback said:
@Cranky If you were selling puts, you are way ahead of most in the arena.

Selling puts is great as long as you are cool with taking the stock if required. One of the dirty little secret of many billionaire investors, like the guy in Omaha. Spreading those things off works too. Nice thing about an option, if it's in your account at the start of the day, you have an opportunity to adjust it.

If you like tesla... look at TSLL, it's a bull 2x etf with options available and some decent premium, trades around $12/share. ATM one week out puts are about $50.
I sell put options on this one all the time
Click to expand...
I don't really have the money anymore to play with since my X left me in 17. All she wanted was the money and very little else but I'm glad she's gone!!! However, I do miss the 'game' and I've dabbled with ETF's too. A funny day at 'her' lawyer's office is that he started talking about stocks etc and turns out we were both playing this same ETF. After talking about it for 3 or 4 minutes, my soon to be X chimed in with 'can we get on with business' and I almost fell out of my chair. 'Her' lawyer and I even went to lunch together one day LOL!
 

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