Home Forums Members Forum sometimes I do something “crazy”

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  • Avatarvmickel
    Participant
    Post count: 21

    Every now and then, I have invested in a stock purely for entertainment. I know it is totally against our policy…but I buy with an amount of $$$ that if I lose everything I’m OK with it… similar to buying a case of good wine, going to a play (with the best seats and dinner and drinks), etc. So far, I’ve never been burned but I realize it’s more than highly possible! Most of the time, my pick has been based on…”not much!”…just something I’ve read and think “that sounds interesting”. I don’t do any deep research so a purchase would simply be based on… very little. My current Covid fun is revolving around a Chinese stock PLIN. I’m curious if any of you out there ever do this. I hope when I purchase PLIN It will be profitable enough to do something even more fun when all the real entertainment venues open!!! Go, PLIN

    Sean HymanSean Hyman
    Keymaster
    Post count: 3803

    Super small company. Somewhat low average daily volume. Lots of debt. Little cash. And its trended lower its entire small existence.

    If I were going to take a small amount of money that I could stand to lose, I wouldn’t do it on a fundamentally small and weak company. I’d do it through buying call options on a fundamentally solid company that’s cheap fundamentally and that’s likely near the bottom of a wave 2 or 4. I’d have a long-dated option and at least at or in the money strike price.

    Avatarvmickel
    Participant
    Post count: 21

    Thanks Sean. Great advice as usual! However, I don’t know anything about call options, long dated options, or money strike price. But, I didn’t know anything about PLIN either!!! Maybe just some cases of wine?…but I rarely drink so my husband would be REALLY happy with that! Can you tell I’m bored today? Ha, Ha a rainy dreary day here in MN.

    Sean HymanSean Hyman
    Keymaster
    Post count: 3803

    It’s never too late to learn. Especially on boring rainy days. ha-ha.

    The best place you can start is with my e-book. It’s the simplest thing you’ll ever read on options and comes with some strategies: https://www.ebookit.com/tools/pd/Bo/eBookIt/booktitle-Option-Trading-Demystified–Six-Simple-Trading-Strategies-That-Will-Give-You-An-Edge

    If you want more after that, you can check out this report: https://logicalinvestor.net/product/synthetic-stock-and-generating-free-money-from-stocks/

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