Hey JF,
Good to see you.
Yeah, I wish I had kept this board going through the years ... I miss the community and the interaction. This board was born back in the late 90s, on my birthday if I recall over 20 years ago. Pretty crazy. In that time, I still traded and invested my butt off but I saw a lot of people losing their shirts in trading and that, when combined with a busy life, gave me pause about running a trading thread. I've thought about starting up a trading and investing website as a membership only community. If I did that it would actually be an early retirement community, blog, etc. But I'm pretty content as is without adding a lot more work.
My ROKU story is one of most good fortune, luck and timing. Truth be told, I wanted ROKU back in the mid $30s in mid 2018 before it's run to the $70s. Cord cutting was really taking off and I had loved what I was hearing about ROKU, though I didn't have one. But when it ran away into the $70s I wasn't going to chase it.
I have multiple different accounts and now that I'm early retiring I've had to get more strategic and diversified with my accounts such that I rebalanced and rediversified 90-95% of my pre-retirement holding to provide lower % returns (read that as more safety) to fund my early retirement until I reach age 70.
Because the end of 2018 was so brutal, the timing of this balancing worked out perfectly as I was able to match off losses with my gains at the end of the year. As I always take the last week of the year off of work, I like to rebalance on Xmas eve morning. Sometimes, I'll rebalance on the 26th if Xmas eve is too early.
I did quite a bit of buying/selling that day. Including a few buys prior to that. I've always kept my trading account at a relatively flat amount, moving any gains to other accounts. After tax loss harvesting all I could I was left with a relatively 'flat' trading account and I started scanning my list of stocks which I track to find which I wanted to invest/trade in since the markets were WAY off highs. I ended up choosing ROKU in the $27s and CGC in the high $26s. Both for the same reason. ROKU was my top desire as despite the recent crash from the $70s, I still loved their vertical and position into the new consumer trend and CGC because they were dominating the marijuana discussion and was well off highs. I ended up selling CGC at $48.50 just to lock in the gains.
Still holding ROKU though and happily. In fact, I purchased it in my ROTH and a separate account for my daughter when it dropped from the $70s again back into the mid $40s. So it's been doubly nice.
My biiggest issue is that I really want this to be a long term hold and I'm sitting on short term cap. gains now that are quite sizable for this account. The account has essentially tripled. I don't want to sell and lock in ST cap gains so I'm holding. Yesterday I purchased some OCT $80 Puts as protection. Worked well in that even though the stock fell, my position was up because I got the puts early in the AM when ROKU was up $3. I figured there'd be a halo period for the first hour or so and was a bit fearful of the China news that could be coming out.
I'll hang onto those puts to see if ROKU drops a bit after that $20 point rise and then I'll close them out.
Overall though, I'm well positions in all accounts and now have to decide what to do with this ROKU position as I'm pretty bullish about their future. In all likelihood, they are going to get taken out at some point but I'm hoping they stay independent for some time to capture the growth. I'll likely slowly rotate out of 50% of the position by selling calls against the position until I'm down to 50%, then rotate the position to my long term hold account. |
