Would you rather I produce:
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The $3K challenge is now at $1,408 gain, for 47%. Most of the gain is driven by SOFI calls, and a smaller amount by HOOD and SOXL shares.
I am entitled to 6 more orders of crab rangoon.
I will feast. And then I’ll end the $3K Challenge on YouTube. The time it takes to produce these videos outweighs the reward, and it takes away from other projects.
I’ll continue to share updates on Discord and X/Twitter:
discord.gg/d4WNsTw
x.com/TradinWithMikey
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There will be no $3K Challenge video this week because I am working on Dank Trades to please the masses and a freeloader technique I’m calling DNA Farming for my Patreon people.
But in the interest of transparency, I closed my iron condor for a loss of about $500 after accounting for some gains by rolling the short side.
My portfolio has now suffered about a -$200 total loss, resulting in reverse crab rangoon.
I’m selling puts currently, which I’ll discuss in the next $3K Challenge episode.
Despite this setback, I am fully committed to earning my crab rangoon!
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Happy Mother’s Day to all 4 moms who follow my channel!
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How much beef would my audience have if Dank Trades videos went back to looking more like this (but with better sound): https://youtu.be/Plf0yNsVXV8?si=vhuyG...
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I’m growing a bit bored of Dank Trades and Freeloader Challenge videos. Does anyone crave a return of the $3k Challenge?
I’d need to start off with more money so I can trade level 4 options (short strangle), but it would be the same premise.
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Faraday Future has sent out invitations to shareholders for the July 31 meeting. Check the bottom 2 items:
1) Dilute the share count by almost 10x
2) Perform a reverse split somewhere between 1:2 and 1:40.
This company wants to reduce your share count through the reverse split in order to raise the share price, and then they’re going to dump almost 4 billion more shares on whomever is dumb enough to buy them.
First, your share count will get sliced to as little as 2.5% of what you have now. Then, the company will dilute your ownership by another 90%.
Shareholders are about to lose almost everything they have left, and some of them are still trying to spin this as a good thing.
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YouTube added a feature where you can have multiple thumbnails for a video cycling through your audience. The goal is to let YouTube assess which thumbnail is best based on viewer engagement. I am shocked and amazed that more effort = worse thumbnail.
- The top thumbnail was made by a paid designer.
- The middle was made by me in 15 mins.
- The bottom was snipped in 5 seconds when I realized I could have a third thumbnail. It doesn’t even fit the thumbnail image size.
The results are astonishing; the lower the effort, the better engagement with viewers. This is a fascinating tool.
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Throughout the Freeloader Challenge, I’ve saved up enough money to buy a crack house, which was the original goal. But now that I’m on the cusp… I don’t really want to. Time is already short, and it will be even shorter in a month when my son is born. Renovating and renting out a crack house sounds time-consuming.
I’d be much more excited to invest the money into shares and options trading, and get back to actual investing on this channel. I’d make hybrid $3k Challenge/Freeloader Challenge videos in which I invest Freeloader gains into the market.
What should I do?
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Gang, handful of announcements I'd like to share:
Regarding Kamikaze Cash videos, I am changing my pace and aim to release one video per week, most likely on Saturday mornings EST. The last month in which I didn't release videos was because I was pre-producing a few videos as a buffer.
This week: Showdown of Dividend vs Growth investing
Next week: Dank Trades Top 5
Week after: Freeloader Challenge with some new methods
I've talked about Alpha Picks a few times on Discord and on StockPick. Alpha Picks is Seeking Alpha's Quant released in a way that allows us to follow and trade with it. I asked for an ETF, but that was out of the question, so Alpha Picks is Seeking Alpha's answer instead. It's about to go up to $500/year starting Friday, which is expensive af. I have a coupon for today and tomorrow that makes it $89.
$89 is definitely worth it imo. With a new buy or sell recommendation every other week, I'm aiming to invest $1,000 or close each time. I just put $1,000 down on today's recommendation, and so far so good.
Some examples of their recent selections are ANF, UBER, and SMCI which dominated since they got added to the list. Alpha Picks is up over 100% in the past year. But sometimes Alpha Picks does miss, like on TWLO which (so far) has dragged donk. The coupon expires on Friday, so I at least recommend checking out the program.
Discount link: www.sahg6dtr.com/N2W6N/J8P3N/
Current portfolio (link may not work for non-members): seekingalpha.com/alpha-picks/articles/5984559-alph…
Finally, Patreon remains invite-only to the tiers that include special Discord channels. However, I made an unlimited tier called "Auditor" which is just Patreon posts and no Discord roles. I'll put out my portfolio monthly on Patreon (I still owe February's) and will aim to put out some less-edited videos about actual investing at least monthly. I take requests if anyone has something specific they'd like to see. I'll do my best to at least reply to everyone with an answer if unable to make content on it.
www.patreon.com/kamikazecash/membership
As always, let's get that bag.
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x.com/tradinwithmikey
Partnership inquiries: kamikaze_cash@intheblackmedia.com
Welcome to the home of Kamikaze Cash by Mikey Millions. We bring you Theta Gang options trading and pair it with the word on the street from WallStreetBets. Channel topics: stock trading, options trading, investing, finance.
Hot trades, dank memes, and the best of Wallstreetbets all in one place.
Joined 30 January 2017