❤️❤️❤️❤️Fomo on missing out BABA at $80 I seek advice from the expert
$Alibaba(BABA)$Hello, my loves! Today I want to share a story about a missed opportunity and the advice I received from my stepdad that turned things around. As a social media influencer and a self-proclaimed finance enthusiast, I'm always looking for ways to grow my wealth and invest in the market. But sometimes, even the most experienced investors miss out on a good deal, and that's exactly what happened to me with BABA stock.
A few months back, I was scrolling through my trading app and noticed that BABA was trading at $80 per share. I knew that this was a good deal because BABA is a reputable company with a strong track record, and its stock had the potential to grow in value. However, I hesitated and didn't buy any shares. Fast forward to today, and BABA has risen to $99 per share, and I'm left feeling a serious case of FOMO.
That's when I turned to my stepdad, who is a successful investor and always has valuable insights to share. He listened to my story and offered me a solution that I had never considered before - selling put options. He suggested that I sell put options that expire 12 months away at a strike price of $90 with a premium of $9. This way, I would still have a nice profit even if the stock price falls, and if the stock falls below $90, he will pass me $81 to pick it up as a present.
At first, I was a bit skeptical about this strategy, but my stepdad explained the concept in detail and showed me the potential benefits. By selling put options, I was essentially agreeing to buy the stock at a lower price if it falls below $90. In exchange, I would receive a premium of $9 per share, which is essentially cash in my pocket. If the stock price stays above $90, I get to keep the premium and move on to my next investment opportunity.
This strategy made a lot of sense to me, and I decided to take my stepdad's advice and sell the put options. As it turns out, this was one of the best financial decisions I've made. BABA continued to rise in value, and I was able to keep the premium while enjoying the profits from the stock price increase.
Looking back, I realized that sometimes, missing out on a good deal can be a blessing in disguise. If I had bought the stock at $80, I would have made a decent profit, but it wouldn't have been as significant as the one I made by selling the put options. By being patient and listening to my stepdad's advice, I was able to turn a missed opportunity into a profitable investment.
In conclusion, the stock market can be unpredictable, and it's easy to feel discouraged when we miss out on a good deal. However, it's important to remember that there are always other opportunities out there, and we can learn from our mistakes and make smarter decisions in the future. By seeking advice from trusted experts and considering different investment strategies, we can maximize our chances of success in the market. So, don't be afraid to take a chance and try something new - you never know where it might lead you
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