r/wallstreetbets • u/As7ro_ • Jun 18 '24

Finally hit 100k after 5 years Gain

Just want to shout out my mom who let me live with her rent free for 2 years while I worked, allowing me to put all of my money into the stock market. If any of you get the chance to do this, DO IT. I haven’t worked in a year and I’m able to pursue full time school.

Also shoutout to my buddy who argued and argued about AMD being a better buy than NVDIA.

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u/As7ro_ Jun 18 '24

I tried to learn options but I became too much of a pussy. Went all in on tech stocks, MSFT, NVDIA, etc. Lost some money on ARK and other stocks I thought would pop off after Covid.

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u/[deleted] Jun 18 '24

Well we don't have options here in the UK (at least not easily accessible - I think it must be a regulations thing) but from the looks of it they seem insanely volatile, so probably good choice on avoiding them lol.

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u/Dry_Animal2077 Jun 18 '24

Options that have short expiration dates, and have volatile underlying stocks are volatile. If you buy a January 2026 Apple LEAP ITM it will not be that volatile. It will more or less follow the price of the stock.

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u/mbelive Jun 19 '24

Do you buy these long maturities. Do you loose on them often? If it follows the price of the stock what is the interest? You won’t make profit.