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Let’s agree a stake. If TSLA has doubled by the 1st of a March this year I will give you 2x, if it doesn’t, you have to me 10x. Deal?
by mikeodds 6y ago
Let’s agree a stake. If TSLA has doubled by the 1st of a March this year I will give you 2x, if it doesn’t, you have to me 10x. Deal?
- marketgod 6y agoAnd why would I give you 10x if the market is giving me 100x? You should be giving me odds actually because I'm actually taking a bigger bet. Anyways when it cracks $440 on Monday and I get my new options, I will do 100% on those meaning it should be about $500 a share by Friday. Also if what I said was so preposterous you should have said, I will give you 10x your return if that happens and give me a 2x if it doesn't.
- mikeodds 6y agoWell you’ve stated it as an absolute, so it must be sure thing right?
- marketgod 6y agoThere are no guarantees in the market. If there was I'd be a billionaire right now. You can place it in an lazy/bogleheads portfolio if you want to reduce risk and even that is not guaranteed. The only difference between what I said and an ETF is $TSLA will turn $100,000 into $1M in a decade but the ETF will only turn $100,000 into $400,000 in that same time frame (if the SPY continues its 10-year returns.)
- AznHisoka 6y agoI don’t understand why people do side bets when it comes to stocks. If you really believe in what you think, go sell some calls expiring in March instead.
- marketgod 6y agoWell since I am one of if not the best full-time options trader I already do that. I also buy calls for better returns and unlimited upside. Play: When TSLA gets over $440, I'm grabbing weekly $450s and looking for $500 targets.
- deleted 6y ago[deleted]
- mikeodds 6y agoAnyway of seeing a live stream of your trades? Genuinely interested
- marketgod 6y agoMy Discord has live entries, exits and plans. I am considering setting up a small account ($50K) that I will live stream and people can see my clicking live so they can follow it live.
- mikeodds 6y agoSame, I was trying to highlight the absurdity of making absolute statements in regards to future performance of stocks.