Let's say I want to own NVIDIA stock right now. The stock trades at 180$.
Rather than buying the stock at 180$ now. I sell a cash secured put at 162$. And, I receive a premium (let's say 2$)
If the stock falls to 162$ or below, I buy it (which I was anyways going to at a 10% fall)
If it doesn't fall then I collect my 2$ weekly/monthly premium.
You don't want to learn it, cool don't learn-- who is forcing you. Just don't unnecessarily crib about "risk-risk" b/c you don't understand things.
I believe the right move is to sell some & help the family, here is my reasoning:
- based on your Twitter profile this is now your 3rd parabolic rise: 2017, 2021 & 2024 so you should know that a top can come unexpectedly & it may take 3-4 years longer than you expect for another 50% rise from here.
- You don't have to sell them all but taking profit after a parabolic run of 150% in one year and 500% in 3 years is NOT a dumb decision when you need the money for a good cause (Not a Lambo)
- I personally know many people who delayed their lifestyle & business upgrades NOT selling at $60k in 2021 that they spent 3 years of regret & stress. Yes they are happy now but was it really worth it? They would have been way happier even selling 20% back in 2021 & then feeling smart for the last 3 years vs frustrated. They are not waiting to time the top this time as they recall the tough times of 2023 watching their saving drop 75% and lowering their standards of living.
- I pretty much guarantee that in Nov 2022 when Bitcoin was $15k, you would have made a deal with god/devil to sell 50% of your starch for $99k in less than 2yrs.... So here we are! I don't know how much you have & hopefully you don't have to sell 50% to resolve some family struggles but if it's under 20%, I don't see why not, unless it's family members you don't really like or are always in trouble and you need to teach them a lesson.
- there is no shame in exiting at a price you are happy with, waiting for a little more gain is not worth it and the mental pleasure one would experience from helping struggling family members (especially parents) should more than make up for another 20-30% in financial gain.
- there might come a time when you have no choice and you HAVE to sell & trust me, that time will Always arrive at the bottom in the last days of the bear market, why not be in control and sell at a significant high after a parabolic rise EVEn if you believe it will go MORE parabolic!
- If you look at my pinned tweet, I exited on Friday, I don't know if it was the right move but if you asked me 6 months ago where the price would be, I would have said lower than $99k so I am NOT regretting my decision even if we are at $120k by end of year.
https://t.co/I5fcOojzLl
TL;DR Make the decision you would regret less in 5 years!
Day 2 of CES 2024 has been insane for AI announcements.
Here's the top 19 reveals from day 2 at CES 2024:
1. An AI-assistant that replaces your smartphone apps by Rabbit r1 https://t.co/PgaVVluuHg
Popular breakfasts in India are carb heavy- Poha, Upma, Paratha, Idli, Dosa- all of them! More carbs in alu paratha & masala dosa
If you’re a vegetarian struggling with healthy & protein rich breakfast options, here’s a list of 7 breakfast options with approx. 20 g protein
Seeing some qs on what Gemini *is* (beyond the zodiac :). Best way to understand Gemini’s underlying amazing capabilities is to see them in action, take a look ⬇️
AI doesn't stop 🤯
In the last 5 days:
Meta's MusicGen
Amazon Review AI
StabilityAI Uncrop
Runway Gen-2 For All
Wordpress Jetpack AI
Chinese LLM > GPT-3
ChatGPT for Enterprise
Google Bard 30% Better
Here's what you need to know:
ChatGPT is making stock investors rich.
Most people overlook this.
So I built ChatGPT Stock Trading Mastery.
21 videos & 5 hours of material.
And for the next 24 hrs, it's FREE.
Like & Reply "👋" and I'll DM you the full course!
(Must be following so I can DM you)
There are 100s of AI tools coming out every month.
The pace of innovation is incredible ― but it's hard to know which tools are genuinely useful.
Here are the 10 most valuable AI tools I found last month:
I live in the city of dreams, Mumbai💫
My flat costs ₹7 Crores but I pay just ₹1.5 Lakhs in rent
Buying it on EMI would've costed me ₹5 Lakhs p.m. even after paying ₹1.4 Crores in down payment🤯
Here's why I won't buy a house🧵👇
ChatGPT is the future.
Master it and you'll be miles ahead of the world.
Here's a my top 11 ChatGPT threads to help you get started:
(Bookmark this for later)