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> It is less about which specific "meme positions" you enter, but when you enter them and when you exit them. this is a good point. I mostly entered my positio
by leetcrew 6y ago
> It is less about which specific "meme positions" you enter, but when you enter them and when you exit them.
this is a good point. I mostly entered my positions after the symbols had gotten a day or two of buzz on wsb, which is usually too late to realize significant gains. my buddy had more of a yolo strategy: "buy anything sufficiently ridiculous the first time you see it on wsb". he did a lot better than I did. I do it for fun mostly. I realized early on I don't have the stomach to put large amounts of my money into memes, and the amount of time I've spend watching tickers for 2-4% of my portfolio value simply isn't worth it on a $/hr basis.
my main point is just that this was a great year for frugal people with good jobs who invested their savings somewhat conservatively. the (unrealized) gains from my s&p etfs this year exceeded my actual salary by quite a bit. I don't feel like a chump for not going all in on short-dated options.