*** DON’T let them distract you with trends in crypto or other stocks. They probably saw some success with all the WEN / CLOV shenanigans feeding them money and may try it again.
*** DON’T let them trick you the squeeze is over just because we hit $70 again this week, for example.
*** If you’re worried about your diamond hands this week, try not to watch too much.
My personal plan is to watch for an opportunity to sell some of my $40 options to have the funds to exercise fourteen cheap Options I’ve been holding a long time when they expire Friday. Anything extra will pick up a few more shares and some more Options out a couple weeks. So I’m watching for a good spike early this week.
Im new to this community but i appreciate the movement what and when are we selling i dont want to be the last one on the boat im holding strong what and how high cannthe stock go will it surpass gme ?
Everyone should be thinking about what their personal goals are and make their targets from that.
There have been several discussions that the real squeeze is going to be a multi-day event once it starts. Just the real shorts will require multiple trading days to cover if they are all going 100% in on that (which they won’t). And that doesn’t even touch the naked shorts. So don’t worry about it being over in a day.
But no one is going to be able to guess when those shorts are all covered and what the peak price may be. It might be 1k, 5k, 10k, 50k, 100k. If you’re holding for 50k+ as many people talk about then just really watch action and also have some numbers in mind as alternate targets.
Im new to the stock market the way its being played is even newer to me but ill keep in touch brother much appreciated im holding because of my 2 boys and my goal is to buy a house and get rid of some debt but i womt budge 🦍🦍
Three big suggestions you’ll see from me and many others here for when this is over…
1. Right away set aside a safe estimated amount to cover taxes. Put this in one or more safe accounts you will not touch. You’re looking at short term here so likely 37% for Federal and then whatever local taxes may be in place. If you’re not sure, just do 50% at first while you work it out. These are starting numbers and could go down but if you’re not ready then next April is going to suck.
2. Get a financial advisor and/or tax advisor to help you put everything in order. They can suggest ways to lower that tax burden too.
3. Look to put some money into a growth plan for your future. The “real” stock market is still a great way to make your money work for you. What you’re seeing with AMC right now is just insanity and not how the rest of the market plays out. But with just a little time and paper-trading account practice you can be successful. Even if you don’t want to deal with individual trades putting money into something that follows the SP500 or an good EFT like the ARK investments could be good option. Also maybe some money into the crypto market. Find ways to keep this new wealth growing for you.
Thank you coach yeah thats something i have my mind set on already im going to hold until the end of the year pay what i need to in tax and then clear debt and everything else recycle some of it in the stock market because i want to retire young and enjoy the time with my kids i just want to be able to sell at a good amount not to low to cover those expenses so im hoping it goes higher then 300 but will hold if it hits higher numbers or if the possibility of it going crazy high is achievable then ill let it marinate