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by mikeodds 2078 days ago
Let’s agree a stake. If TSLA has doubled by the 1st of a March this year I will give you 2x, if it doesn’t, you have to me 10x. Deal?
2 comments

And why would I give you 10x if the market is giving me 100x? You should be giving me odds actually because I'm actually taking a bigger bet. Anyways when it cracks $440 on Monday and I get my new options, I will do 100% on those meaning it should be about $500 a share by Friday.

Also if what I said was so preposterous you should have said, I will give you 10x your return if that happens and give me a 2x if it doesn't.

Well you’ve stated it as an absolute, so it must be sure thing right?
There are no guarantees in the market. If there was I'd be a billionaire right now.

You can place it in an lazy/bogleheads portfolio if you want to reduce risk and even that is not guaranteed.

The only difference between what I said and an ETF is $TSLA will turn $100,000 into $1M in a decade but the ETF will only turn $100,000 into $400,000 in that same time frame (if the SPY continues its 10-year returns.)

I don’t understand why people do side bets when it comes to stocks. If you really believe in what you think, go sell some calls expiring in March instead.
Same, I was trying to highlight the absurdity of making absolute statements in regards to future performance of stocks.
Well since I am one of if not the best full-time options trader I already do that. I also buy calls for better returns and unlimited upside.

Play: When TSLA gets over $440, I'm grabbing weekly $450s and looking for $500 targets.

Anyway of seeing a live stream of your trades? Genuinely interested
My Discord has live entries, exits and plans. I am considering setting up a small account ($50K) that I will live stream and people can see my clicking live so they can follow it live.