BASHY SAMA

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BASHY SAMA

BASHY SAMA

@bashy_io

'In the midst of Winter, I found there was within me an invincible summer'. Software Engineer. Creative. Built different.

Katılım Aralık 2010
2K Takip Edilen5.5K Takipçiler
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BASHY SAMA
BASHY SAMA@bashy_io·
BASHY 2.0 is LIVE! 🎉🎉 I've just re-designed my Portfolio Website and I'm excited to share with you. Built with Next.js + React.js Backend: Strapi CMS bashy.dev
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Alabi
Alabi@the_Lawrenz·
Them don spoil real estate, massage therapy, interior decor, na culinary arts them don face now 😂
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BASHY SAMA
BASHY SAMA@bashy_io·
@Rxbremen You’re laughing at people who’re open to learning? They don’t need to understand today. They can go do the work to close that gap and come back to it.
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Bremen
Bremen@Rxbremen·
2.8k bookmarks like they understand half of what Oga wrote 😭😭😭😭. Walai this is funny
Ewgi@Ssaasquatch

Haven’t shared this before, but a lot of people ask me how I do it, so here goes: Long-dated options, or LEAPS, are a powerful way to aggressively compound portfolio gains if you have high conviction about the future price of a stock. I have personally made a lot of money doing this. Yes it works! LEAPS gives you opportunity to control at least 100 shares of a stock without owning them. I use this mostly for swing trades I plan to dump in <1 year or two. No point doing this for long term holds. Eg: A stock trades at $10 and you believe it can hit $20 within a year, Instead of spending $1,000 to buy 100 shares, you buy 3 call contracts with $11 strike (will explain this later), expiring roughly a year from now. Some people do short dated ones too. That’s fine as look as it’s not too short. You need time for your thesis to play out. Avoid ODTEs if you know what’s good for you except you’re an idiot. Assume premium is say $3 per share? Each contract would cost: $3 x 100 = $300. 3 contracts would cost: $300 x 3 = $900. Total cost = $900 Now suppose the stock doubles to $20 in one year, just as you projected. Each contract is now worth: ($20 - $11) x 100 = $900. Meaning 3 contracts you bought would be worth $2700 Summary: Initial cost: $900 Final value: $2700 Profit: $1800 Assuming you bought the stock outright: 100 shares at $10= $1k. If the stock goes to $20, your shares are worth $2k. Profit: $1k. In other words, LEAPS compounded your returns with lesser capital and vice versa. Are there risks involved ? Of course. A lot of risk. If the stock does not rerate meaningfully higher, you can lose most or all of your capital. A wise man once said, “Leverage is for idiots.” and he wasn’t exactly wrong. This isn’t something you YOLO, and definitely not with a large chunk of your port. I personally never risk more than 10% of my port (Okay fine, I’m lying. It goes as high as 20% sometimes) You only use LEAPS when your conviction is extremely high and you believe the stock can rerate aggressively to the upside. Now here’s the real alpha: How do you manage risk and find the right stock for this kind of bet? This is the filter that has consistently worked for me: 1. I like beaten down assets with improving business margins ie Growing revs & bottom line, positive or improving EBITDA (adj), and a low D/E ratio. On the technical side, the stock should be trading within say 10% of their 52-week low, RSI below 40, and sitting on key support across all long timeframes. The goal is to always find a mispriced asset, not to catch a falling knife. 2. Buy around 10% OTM strikes ie If a stock is at $10, I’m looking around the $11 strike. That way, the stock only needs to move above the strike plus the premium paid for the trade to become profitable. If you buy very far OTM strikes, you can still lose money even if the stock moves meaningfully higher. This is essentially baba ijebu. 3. Theres no point holding the contract into the final 60 days unless it is already deep ITM and you are comfortably profitable. Read up about something called thetas and option decays. At that point, either sell it, roll it, convert to shares, or take the loss on the chin. You live to fight another day. 4. Only buy LEAPS when implied volatility is low cos Low IV = cheaper premium. Thats when LEAPS make the most sense cos you don’t want to overpay for optionality, then be directionally right and still get hurt cos IV compresses. My current LEAPS: $HIMS $SOFI As always, This is not financial advice. Just sharing what works for me. There are tons of tutorials on YouTube that explain the mechanics better, but take this as a primer. You’re welcome :)

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ADAR
ADAR@xkidomania·
@bashy_io 😂 Omo this one is real
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BASHY SAMA
BASHY SAMA@bashy_io·
I wonder how popular Warp is as a terminal. Not really seen anyone in the wild use it asides folks in my inner circle. Do you?
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BASHY SAMA
BASHY SAMA@bashy_io·
What happened to the era of driving fast cars in music videos? Artists these days just... stand around?
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BASHY SAMA
BASHY SAMA@bashy_io·
@folasanwo Lmaooo. Just plugged it on a random extension like it’s a fan or something.
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SchrodingerMatt
SchrodingerMatt@PasswordSuck2·
@MightyKeef Sadly, intelligence never equals happiness, they say ignorance is bliss for a reason. In fact, the smartest you are, the more miserable you probably are because reality is downright depressing, it’s why fools are happiest basking in their own stupidity
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BASHY SAMA
BASHY SAMA@bashy_io·
@TrxkHawk The only way to drive a fast car on Nigerian roads is for quick bursts of acceleration. Keep it at 120kmph top speed most times. Our roads are too terrible to be pushing into the late 100s and 200s. At that speed, one bump can end your life.
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BASHY SAMA
BASHY SAMA@bashy_io·
@kevin_lndnmusic @TrxkHawk We have horrible drivers and even more horrible roads. You have no idea how dangerous a slight bump on high speed is.
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KEVIN LNDN 🏁
KEVIN LNDN 🏁@kevin_lndnmusic·
@TrxkHawk We just have horrible drivers tbh Like really really bad drivers Ive seen people pay for driver’s licenses when they shouldnt and the effect is too evident
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BASHY SAMA
BASHY SAMA@bashy_io·
@etodiike You’re complaining about 2008 cars that no one in the civilized world drives again. Maybe stop buying them? The 2013 and upwards versions of the ES don’t have that instability problem.
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BASHY SAMA
BASHY SAMA@bashy_io·
I can never listen to my voice without cringing. It sounds so different from the way I hear it. 😬
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Ewgi
Ewgi@Ssaasquatch·
Watching chess at the highest level is fascinating because the game casuals are watching and the game grandmasters are seeing are almost two entirely different things. Half the time, I’m still trying to understand why a game is “lost,” meanwhile these guys have already seen how it ends like 30 moves ago.
Chess Master@xxChessMaster

Magnus Carlsen destroys Hans Niemann! 🤯🎯

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Azhar
Azhar@azharcode·
@shadcn I think there’s something to be said about ensuring your wok compounds and the. Template-izing it, which I can see hints of in his work. Us engineers are very good at starting from scratch and throwing away something in-flight, I.e we kill compounding gains
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