Lurker > Sunroof

Looks like NET didnt do well enough or something. Lesson learned! Will not proceed with this strategy. Thanks for the advice too.

Since turning 30, I decided to start doing things with my money. Including investing it and buying stuff for myself. Some of you may recall me buying a brand new car in the earlier versions of these topics.

I started saving at a very young age. Like, in my late teens before I even started working full-time. I then sacrificed my social life to move up in my field. As I accrued more money, I dumped it all into savings. I lived a frugal life.

I wasnt doing anything with it? I was letting it grow.

It was mostly in a bond account yielding minuscule gains. I then moved it into my margin account instead.

Btw, I chose NET because it meets all the criteria that I listed. Reliable since Covid, has done well on prior reports, etc. Is this foolproof? Of course not. But my point is, this will be a good representation to help make me choose whether to continue this behavior.

I only put in $25k. If this goes down over 10%, itll have saved me a much bigger loss down the road from trying with $100k.

Im going to test the theory. Just bought Cloudflare (NET) for its earnings after hours. Im prepared for it to go down for whatever reason, good results or not. This will help guide me in my future decisions.

Its not as though in choosing random companies that have their earnings coming out. Im choosing ones that have strong histories, have done well on prior earnings, have been around for a while, and are not negatively prone to covid. Id like to give myself some credit for identifying these stocks to date. I know the streak wont last forever, but I reckon this is better than hoping for 1-3% gains over the course of a week.

I am strongly considering investing $100k into stocks that have their earnings come out at close, and banking on them going up. I recognize that this has potential to backfire. But if I choose the stocks carefully enough, the worst case is they drop 20% and I am forced to hold until they regain traction, which they should because Id be picking consistent stocks.

SPCE has been clutch for you. Great buy.

I put $26k into CRWD. It has been going up since Covid, Motley Fool recommended it, its earnings are in one month (they always crush the expectations, last time was by 18,000%), and I like the stock!

Yeah I think its impossible Jay.

The cannabis stocks all took a brief tumble today. Some rebounded. Not sure how to read them.

Whats the deal with TRTC? Worthwhile ?

Doubt it.

Yeah Im sure BMBL will go up at some point. But Im not confident enough to keep money in it now.

Bumble opened at $77 somehow. Oh well.

Square is up 4% btw, the stock nobody wanted to get into yesterday.

Cant wait to show you all up with my genius BMBL play.

A perfect opportunity to hone my Stop skills.

I meant once it begins to dip, sell it (presuming that it surged beforehand). Aka try selling it at its peak.

For those getting in on BMBL, remember the formula if youre not holding long:

• Set limit above suspected opening price
• Stare at market until BMBL opens
• Pray for an early surge
• Sell once the dip comes, if it does!

Zillow at 20% lol. I told my friend I blame him for me selling AH since I was teaching him. Annoyed.

AVCTW goes down to lower $6s and back up to lower $7s everyday. Seems like easy trading, if I can ever figure out how to get the shares.

I set a $60 limit order for BMBL, should hit whenever it opens as its currently at $43.

SQ doing well so far.

I should have put more in TSLA after its abominable performance yesterday.

Its messed up that every trade we make is literally only a 65% realized gain. I always knew that wed have to pay taxes on them but 35% seems insane.

Theres something to be said to putting half your money in 1-3 stocks that you leave for one year minimum, solely for the tax benefit. This has been an Uber bull market so we probably should have done this back in like, March but oh well.

That would actually apply to all of us who sell stocks under a year.

If stock A yields you 10% under a year of holding, you effectively get 6.7% of it after taxes.
VERSUS
If stock A yields you 10% over a year of holding, you effectively get 8.5% of it after taxes.

The difference here is in the top example you have the ability to invest in other stocks once you sell since your funds wouldnt be tied up.

So its completely conceivable that even with these sweet Earnings gains that I would be better off holding a single stock for over a year, assuming not goes up even slightly less?

Anyone know how much more you pay in taxes day trading versus holding for a year?

Gonna set a Limit buy for BMBL at $40 tomorrow. That should be an auto execute for whenever it opens, since theres no way of knowing.

Okay. I thought you were referring to triple digit gains in under a week as your baseline. I am definitely on board for double digit gains throughout a week or month though!

FWIW, SHOP still has its earnings on 2/17. I only sold it because I was up 12% and wanted to make room for a potential AVCTW purchase. I reckon this stock will annihilate expectations.

Of course. Unless Im missing the blatant posts talking about stocks that go up 100%+ the next few days, I dont think Im being overly safe like I used to.

Dont get me wrong, I definitely want the big gains too. I just dont see them being mentioned a lot on here. Thats why I asked you about AVCTW and MGSMW or whatever it was. Im trying to get more skin in the game.

I set my AVTCW limit but it hasnt hit. And such a small percentage of stocks go up over even 20%, its unrealistic to expect nothing but triple digit gains. You shouldnt condemn people for being happy about less.

With that being said, Im making more of an effort to invest in the potential big stocks. Im keeping an ear for what this topic mentions.

Blur, for a guy who went from rags to not-even-riches, you sure are arrogant

So Ive been teaching my friend about earning reports and trend analysis, etc. As such, he went into Zillow with me yesterday. I intended on holding until tomorrow AM but I wanted to show him how to sell using limit orders and whatnot. He uses Robinhood, which I am unfamiliar with, so I was guiding him over the phone. In short, we sold Zillow at around 8% AH gain. Its currently at 13%! Wild stock. I made about 12% total on it, a sweet $2,300 gain.

All four stocks I shouted out have yielded 10% gains due to exceptional earnings reports. I will get some wrong at some point but it has been working for me more often than not. Square is my next one.

I have no idea about pretty much anything that I do here other than analyze trends.

What is mining Bitcoin anyway?

;)

Tesla making sure I dont net gains today.

https://www.fool.com/investing/2021/02/10/why-im-never-selling-my-square-stock/

Get in on Square, homies.

You think itll drop to $130? Itll never get that low ever again!

Last chance for Zillow bandwagoners! Earnings after hours!

Forceful_Dragon posted...

if you aren't paying for something then you are the product.

The data the dating apps collect is worth more money than they would get from you just so you could swipe right more frequently.

True. But thats fine, I got plenty out of them too.

Yeah I have to keep practicing...