@colin_gladman As Dave Ramsey says in the personal finance side, “you can’t out earn your stupidity”. Super bummed they’re not serious about cutting like they promised.
@TradesTrey Respect 👊🏼. I genuinely hope you do not carry the burdens of anyone else’s decisions they may have made in the past to present day. You don’t owe anybody anything and it’s clear your intentions were and are as pure as they could be.
@TradesTrey I’ve already said it in Colin’s discord I watched a few of your streams back in the day and can’t express enough the respect I have for how you’ve faced this situation head on. You got back up, took accountability of your situation that is really inspiring and commendable.
@colin_gladman@TheBronxViking Just jumped in! Recently started doing options beyond CC’s but I’m realizing I’m mostly just attempting to blindly follow trend. Ready to get to work and have a real plan and understanding instead.
@JRoland_ Thanks for this James! I’ve been selling CC’s waiting on this and reinvesting in shares. I’m all clear of CC’s now in anticipation. Just curious, what if Ryan dilutes again? Will this be too powerful for it to be an impact?
Bah, should have held my 11/22 $30 strike CC contracts but closed them out Weds thinking I’d go underwater. Hindsight 20/20 I guess. Just wanted to protect my shares! $GME
@colin_gladman Found the answer to my question. It’s not income until the contract is expired or closed. Thanks for all the info. I’m happy I found your account!
@colin_gladman I sold about 20 $50 strike. I tend to wait until at least 80% to cash out but with GME you can get those huge swings. When you close out early, are you taxed at full premium?
@colin_gladman Someone listens to Dave Ramsey. Love this budgeting app. Best thing I ever did was get out of debt as well. Opens you up to be able to take advantage of opportunities when all your income isn’t going away to payments.
@colin_gladman Yes please! I sold some $40 and $50 calls. I was pretty confident I could let them expire but now I’m wondering if I should cut them loose and take profit tomorrow to protect my shares.