End of 2022, NVDA was trading at $300. Rather than spending ~$10k on 30 shares, I decided to go

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Nov 21, 2024
9:44:59am

Skeptical Optimist Intervention Needed

End of 2022, NVDA was trading at $300. Rather than spending ~$10k on 30 shares, I decided to go

all in on a LEAP and bought a $280 call with an expire 9 months out. I started selling covered calls off my long call. But then the market tanked and my long call expired OTM. I made ~$1000 of my premiums back selling covered calls, but that was a big loss.

30 shares of NVDA at the end of 2022 would be worth ~$45k today.

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Skeptical Optimist

Previous username: workindev
Bio page: Skeptical Optimist
Joined: Aug 2, 2006
Last login: Nov 21, 2024
Total posts: 84,626 (4,486 FO)

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Messages

Author

Time

What's your worst stock market mistake worth sharing

DataMouth

Nov 21, 9:36am

Similar to yours. I’ve sold too early far too often.

TarCoug

Nov 21, 9:38am

Not pushing everything on the table as soon as the Covid rebound started.

CasualFan

Nov 21, 9:39am

Not buying Monster stock in the early 2000s when a family member told me to buy it. It's the best performing stock over

slappy

Nov 21, 9:39am

Buying individual stocks and not using money managers .

BYU71

Nov 21, 9:41am

Global Crossing

airbug

Nov 21, 9:43am

Ha! When they declared bankruptcy and went to the pink sheets, I bought like 2,000 shares at like $.05 each

Skeptical Optimist

Nov 21, 9:46am

End of 2022, NVDA was trading at $300. Rather than spending ~$10k on 30 shares, I decided to go

Skeptical Optimist

Nov 21, 9:44am

Rivian

snowbird

Nov 21, 9:47am

Not really Stock Market, but my brother is a finance professor and in 2018

momowagon

Nov 21, 9:48am

I was at a VC conference in Silicon Valley in 2018 and having a very similar

UNLVcougar

Nov 21, 9:51am

I had a former coworker try to convince me to set up a Bitcoin mine once.

OrsoNero

Nov 21, 9:58am

in the very early days of Bitcoin, I set up my computer to mine because I

g$

Nov 21, 9:59am

I was considering buying 100 bitcoin when it was at $1000. Passed due to risk 🙁

Hoopster

Nov 21, 10:02am

You were going to buy $100k of bitcoin? Wow, that's definitely a committed

UNLVcougar

Nov 21, 2:06pm

Yes, I was. I had $100k making only 4%. I seriously considered Bitcoin at $1000

Hoopster

Nov 21, 3:29pm

My brother told me about bitcoin when they cost pennies each. I could have put $100 in and that would have been worth

vegasnative

Nov 21, 10:15am

My BIL convinced my whole family to buy like 10k worth of stock.

SLC-Durham

Nov 21, 9:53am

Sold what would now be 2000 shares of NVDA in March 2023.

squidmark

Nov 21, 9:54am

Nobody ever went broke taking a gain!

Nov 21, 9:55am

I had about 8K in Amazon stock when the market cap was ~2.5B.

OrsoNero

Nov 21, 9:57am

Not buying GE when it was selling for about $8 or $10, not buying the Maui

Rocketman

Nov 21, 9:57am

Not buying more Tesla than I did.

Nov 21, 10:01am

This is one of the best from Conan

Nov 21, 10:01am

Rivian hands down.

yapacoug

Nov 21, 10:04am

Received a chunk of stock when Accenture went public, sold for $40K for house

compcoug

Nov 21, 10:12am

Last year I sold 1200 NRG shares at 52.00 and its currently trading 96.23...

Nuke

Nov 21, 10:23am

Bought SKYW after covid $20/share. Sold it around $40. 😩

banksters

Nov 21, 11:10am

I thought FB IPO’d at somewhere between $90-$115. I know it dropped some after

Superman21

Nov 21, 11:26am

I saw an opportunity to invest in a struggling company. I noticed a

Superman21

Nov 21, 11:30am

Losing a few bitcoin

cougarBee

Nov 21, 11:32am

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