Literally never traded options before and I want to throw a few thousand at making money from DWAC dropping off a cliff. Why? Because there are very few things that would bring me greater joy than Tweeting a picture of my brand new Tesla that I purchased with the profits I made betting against the MAGA financial army and the late to the game bandwagon bag holders who followed them.
I am absolutely ok with losing every penny of this play. How can I do the most damage?
For context, this is absolutely out of character for me. I’m a middle aged, middle class father of 2 with about 4 years of investment experience. I buy and hold. About 5/6 of what I hold is moderate risk, market growth equities and ETFs. Nothing really exciting at all, except that I bought into 4 Chinese tech companies when everyone said to get out (don’t sleep on JD, BABA, Tencent, and Baidu!). I’m up some and down others, but doing better than average so far.
I do research into the companies I buy, determine what I think a fair value is, and set rules for entry and exit. After a few very silly decisions in the opening days of my investing, I no longer panic or FOMO buy. Its about the process, the structure, and the research.
Except for this….
I’ve wanted to take some of my income and make more aggressive plays for bigger returns. Slow and steady is responsible but terribly boooooooring. What better way to debut than taking my biggest financial risk on the most inflammatory stock in history?
Inspire me, apes!
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.