My BABA cost is about $115 per share and it shows big loss on paper. I have been trading heavily by selling covered calls and puts for the last two and half years. With the profit made from options, now the cost is actually $75 per share. I am still holding quite a few covered calls all th way down to $60. Every time BABA drops, I then buy back CC to collect profit. You have to hedge against the stock for protection.
I got burnt by the stock so many times. I think the company is a great company and Elon is a good leader but I can never bring myself to buy because the stock seems to always go against me 😢
Baba is done! Going straight to $61, just look at the chart! Teper ans Bury bamboozled thousands. That was the sell sign for me. Anytime super investors tell you to go one way, you do the complete opposite!
I could be wrong, I could see this going back to 100 or 200$. People are saying it's going to tank because Trump got elected but I disagree. This stock was on fire when he was in the office from 2016 to 2020.
joke: 'There wasn’t enough thyme.' 😂 Thanks for watching!
My BABA cost is about $115 per share and it shows big loss on paper. I have been trading heavily by selling covered calls and puts for the last two and half years. With the profit made from options, now the cost is actually $75 per share. I am still holding quite a few covered calls all th way down to $60. Every time BABA drops, I then buy back CC to collect profit. You have to hedge against the stock for protection.
Really good strategy for a stock that is trading sideways 👍
@@RoseInvesting Yes. "Sideways" is the key word.
You rock The Rose!!
Thanks man, you made my day 🙂
Thank you
Thanks for watching! :)
You can comfortably short to the 70 handle
Why you dont own TSLA?
I got burnt by the stock so many times. I think the company is a great company and Elon is a good leader but I can never bring myself to buy because the stock seems to always go against me 😢
Plz analyse ASML
ASML video dropping in about 15 minutes :)
Baba is done! Going straight to $61, just look at the chart! Teper ans Bury bamboozled thousands. That was the sell sign for me. Anytime super investors tell you to go one way, you do the complete opposite!
So you look at the chart to base on your investment? That speak a lot. Lol
I could be wrong, I could see this going back to 100 or 200$. People are saying it's going to tank because Trump got elected but I disagree. This stock was on fire when he was in the office from 2016 to 2020.
I’m right 90% of the time! I only trade by technicals and the chart/math is NEVER wrong!
i bought in at 200 (50 shares) ... been holding for years
Average down?
We have been scammed, fake news and 500 billion market cap vanished
I bought in at 230. DCA to 190 now. Will continue to DCA.
@kevincheong1516 starting to sound like the CCP. Will is similar to vow/pledge
@@iwanmuzaki8049 just because I am a Chinese by race, I sounded like CCP?
I prefer Alibaba Hong Kong stocks instead of Alibaba Nasdaq stock (rick of delisting with Trump administration)...
Who’s gonna tell this guy that both adr and HK share prices move very similarly
@@DavidAmbler-j8b Wait delisting as SMIC stock....
Big bull flag forming looks like.
Baba stock is a scam
haha no, its a good stock i think will be up next year