Overleveraged since '19
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Prenetics Global Limited - Class A
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About Prenetics Global Limited - Class A
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$1 bi market cap. Its going up 5% after this post pre-market.
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It’s about 10% of my total port at the moment, 3-5% is traditionally safer with the pre revenue companies for a sane person but I feel relatively confident so allocated more
Teenage is a bit far fetched ngl. Pre-pubescent at most.
Very interesting 👌 any reason no data pre 2022 is used?
>2 yrs ago
That's your problem?
Anyone with any exp with options/investing/trading or those in r/thetagang would tell you that "the further out something is, the harder it is to predict". That's why you don't go ultra long on options unless you're fucking sure of it. How would you know that Feds would cut so much, AI would go nuclear, Biden wouldn't run, Trump would become president, liberation day would happen, and/or that corruption/grift would be the new cool kids thing? Answer is you can't.
Then there's the being 🌈🐻thing. That's always a tough game to play even for the best of hedgies/traders. Markets are LITERALLY getting rigged by everyone in the American economy for it to go up: CEOs, analysts, bankers, JPow & the Fed, the president, the congress, the judges, the SEC, the states, the governors, the ethics review boards, city DAs, the janitors, ICE agents, illegals chilling outside home depot, Santa Claus (with his rally), Blackrock/Vanguard/Statestreet, private equity, public equity, your mom, me when I'm with your mom, dogs who destory their chew toys, fat cats who gaslight their owners into believing they forgot to feed their cat to get a 2nd helping, etcetcetc. I clearly knew MSTR was an over-valued leveraged con within a leveraged con and thought about buying puts on it this whole year (maybe just to have some insurance in case we got a correction/crash/recession since it was the most overpriced piece of trash in a sea of overpriced assets) but reminded myself the trade off usually isn't worth it. I was right about MSTR, but I'm also not upset for missing out on the trade because my bullish ones worked out just fine.
Lastly, you fucked up trying to express that position with calls (hope you had them covered). No pre-defined losses is bad news. I would have gone with selling many short term far OTM puts to pay for longer further out puts. Or maybe just buy puts when I felt it went up too much.
TL;DR I'm pretty certain you didn't ask and probably wouldn't have listened to anyone back then. Just like how you won't listen to me now.
It's my largest single stock by far. I am not selling for years (or if it triples in the near term i would sell up to half).
My risk tolerance/thesis was set years ago so I'm very set for the ride. It's been down huge twice this year.... (literally was around 40 a month ago?)
There is no other stock I'm anywhere close to as confident in.
I own small positions in POET, blacksky, RIVN, OPEN, BETR, SANA.
Combined they are approx 10% of my RKLB.
If you decide to enter I'd do 1/3 now, 1/3 pre neutron and 1/3 if neutron fails on first launch.
This is not professional advice and there are no guarantees.
Why would you sell shares so damn far out? Calls at that. That's dumb af man. Betting against yourself and/or being 🌈🐻 are common predictors of loss.
You should have just followed r/thetagang rules about not selling too far out instead of being a retarted ape. If you were that bearish on the company then you should have just exited the position. Happy for you that you at least followed the covered rule or you'd be bankrupted.
But come on buddy, get your shit in order. We in Thetagang live and die on the belief that our complex options strategies, sophisticated condors & straddles, college frat greek letters, and pre-defined losses make us superior to the gambling apes throwing their money into 0DTE lottos even though we're really just picking up pennies on the train track. [The image we project and delusion in which we live is EVERYTHING because it's really all we have.](https://media.tenor.com/BroBN3sAiUsAAAAM/fugazi-fugayzi.gif)
The US has already pre-retaliated by introducing tarrifs to begin with
Fuck Yeah!!!! unemployment hits 4 year high!!!
wait, that is a bad thing? or a good thing, pre 2020 that would be bad.
Oh no I'm pumping pre market.... Duuuump
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