Lurker > Zachnorn

I was told to drop about 50k into stocks all at once and decided to just drop in about 5k instead. I'm so glad I hesitated. I've lost about $500 this week (on about 20k of investments) which is bad, but not horrible I guess.

I'm thinking I just continue dollar cost averaging for now into ETFs. I've been burned on gambling on RCON, SOFI, and GME, so I might take a break from stock picking and just toss money into my M1 pies that mostly have ETFs based on indexes.

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damn it sofi

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Forceful_Dragon posted...

@Zachnorn does he have the same number of tokens as he did before the switch from V1 to V2? A quick googling appears that Aerdrop recently had an upgrade, but that during the changeover they essentially did a reverse split of sorts so each individual token is worth significantly more than before, but everyone has less tokens in their wallet after the change to V2.

Some/all of this could be wrong because it's based on 5 minutes of googling and twitter skimming, but there is definitely something odd happening.

Not sure. But he did tell me he made several grand from it.

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Well, one of the coins a friend of mine invested in gained over 200,000% within the past few days. Crypto is insane.

Aerdrop, btw

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Apparently a lot of tech companies are hitting highs today. I regret selling off my QQQ from my trading account, but glad I have it in my long term account.

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CPI data is out, consumer prices are up 5.4%. Took a while for the market to respond, but the market does not like the news.

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I'm seeing chatter on GME and so I'm gambling with that. Might add to AMC as well.

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Wonder if it's a good time to buy.

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That's a drop on SPCE. 9% right now.

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Been thinking about Tastyworks myself. I love thinkorswim and from what I understand, the people behind Tastyworks sold thinkorswim to TD Ameritrade before they created Tastyworks. I feel too lazy to switch though, especially since I don't currently trade options.

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LOLIAmAnAlt posted...

Elder Scrolls

Fairly versed in video games growing up, never heard of Arena until the mid 2000s or so.

Feel like this was a PC nerd franchise turned more every release of the every mans game with Skyrim.

I feel like the same could be said of Fallout with Fallout 3 being the big release.

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I know it's only the premarket but still:
ow my portfolio

Not looking good today.

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I took the opportunity to buy more SOFI at $17. I've lost money so far, but I believe in the stock since it seems like some early investors or executives were able to sell it and probably decided to just to avoid having their net worth mostly in one company. I think it will take several weeks and possibly a few months, but I'll see gains on it.

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_stingers_ posted...

Hit him with a laser Fart

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Forceful_Dragon posted...

When you all are giving your "red / green" update, do you mean to say that everything is red compared to yesterday's price or red compared to your original purchase price?

Yesterday's price. Most of my stocks are green since I bought them, but most are down from yesterday.

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For me, I have minor green on VOO, SPY, SCHD, and ACI

So my ETFs and a grocery chain are doing okay. Still...ow my portfolio

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The heck is going on with NEGG

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Juan Bond Jovi

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SwiftyDC posted...

As an OLED TV owner, Id be worried about burn in.

Modern OLED screens seem good. I haven't had any issues with any of my phone's OLED screens and they've been used way more than my Switch undocked or otherwise. I'd hope that Nintendo is using good OLED screens for this.

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red sox 777 posted...

I feel like the market is now getting concerned about the Delta variant.

Knew I should have sold on Friday.

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ow my portfolio

Been holding onto cash for a little while, might do some shopping today. What's good? Might grab some more SOFI or ACI, maybe some SCHD though I'm not sure if I should be so focused on dividend stocks/ETFs like ACI and SCHD.

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where is the y/o

stop half throttling

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Until it has a major failure or accident that is too expensive to be fixed. Though my strategy is to buy a new car once my car hits 150-200k miles to prepare for such a failure and have two cars for a bit. This worked when my old car got totaled in an accident.

EDIT: So far, my current car only has 71k miles on it. I've had it for 6.5 years. I've barely driven it since the pandemic started since I work from home though. Normally, I'd have 80 or 90k on it by now.

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how many y/o are the cats?

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That's what I'm thinking about doing. I have another brokerage account set up for ETFs. So that way I have a fun account and a serious account, in addition to serious retirement accounts.

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Now futures are looking pretty good. haha

I still feel like going in on ETFs to do something more passive, but I also feel like waiting and striking for stocks that might dip after earnings.

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Such a mixed day. Between my 3 main brokerage accounts, my largest is up and my smaller ones are down.

Also, go SOFI. Wish I bought the dip this morning though, but I still made money since Friday.

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https://www.benzinga.com/trading-ideas/long-ideas/21/06/21727021/sofis-stock-takes-a-dip-but-still-trades-within-technical-pattern

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SOFI dipped. I bought about $500 of it. Maybe I'll make a few bucks on it.

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Aside from maybe the opening and closing ceremonies, I usually don't bother with the Olympics at all. And even that is just a maybe thing for me.

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Seginustemple posted...

Anyone else still using Windows 7 or is it just me?

You shouldn't be, it is no longer supported with new security updates as of last year.

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I want to double my money every week.

I'll start with $1. Then next week, $2. $4, $8...

This time next year, I'll have $4,503,599,627,370,496!

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masterplum posted...

May I interest you in a savings account

Interest? Savings accounts? lol

I love this "high yield" account I have. 0.25%. If I put 50k into that, I'll earn $125 from it after a year. Amazing!

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I'm thinking of taking a break too and just throwing money into an allocation of several ETFs regularly so my money is still working while I'm indecisive.

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What makes you say that? Isn't the economy supposed to be booming?

The stock market isn't the economy. The stock market has been known to drop after good unemployment numbers come out because more employed people increases inflation.

From what I'm seeing, the market is reacting to increasing inflation and potential interest rate increases, which occur when the economy is improving.

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ow my portfolio

But maybe a good buying day?

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So we probably won't see Juneteenth being a holiday in the market until 2024 at least, I'd assume.

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I don't think they can close the markets that quickly. It's my understanding that the NYSE sets the holidays pretty far in advance. They have holidays announced through 2023.
https://www.nyse.com/markets/hours-calendars

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Shorting is definitely not a game I'd want to play. Especially with the anti-shorting sentiment. I can see why the likes of AMC and GME were shorted heavily and why it was seen as such a sure thing; that is, until WSB changed things.

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red sox 777 posted...

Shorts tend to lose money on average, but the thing about levered ETFs like SQQQ is that there's an additional problem generated by the goal of matching daily percentage returns and the mathematics of multiplying percentages. Like, if QQQ drops 10% today and rises 10% tomorrow, it doesn't get back to even - it'll still be down 1%. But, SQQQ would have fallen 30% the first day and risen 30% the second day - and it's still down 9%. Much worse than the 3% you'd expect! Over time, these losses are brutal.

How hedge funds use shorts is typically to increase their leverage. Like, if they have $100, they'll invest $300 long and $200 short. This is 5x leverage, but they'll argue that there are only really exposed 100% on the long side because the shorts act to hedge the longs. Of course the hedges don't always work because they aren't in the actual same stocks - they might, say, buy Ford and short GM. In January this strategy blew up on a lot of funds when their short stocks mostly soared and their long stocks fell.

Makes sense. But again for SQQQ specifically, isn't the best strategy for using it, if you're really confident that QQQ will fall, is to buy it early (in the premarket, let's say) and then sell it a few hours later? At least, I wouldn't hold SQQQ past a market close, personally.

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I don't play with the stock market more than "buy stocks/ETFs low, sell them high, get dividends along the way" but isn't that just how shorting is? You buy SQQQ as a way to short QQQ using an ETF and since stocks go up more than down, you're more likely to lose money with SQQQ just as you would if you shorted QQQ yourself.

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red sox 777 posted...

Just look at the long term chart for SQQQ. This is one of the worst investments ever dreamed up.

It's not meant to be an investment, from what I understand. It's meant for short term profits for traders.

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AIM

I began to use Trillian for my AIM needs in like 2011 and I still use it today.

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greengravy294 posted...

Knew I should have put in some money on SQQQ calls. Market always craps when Jerome talks.

I only think of SQQQ after the market goes red and never before when I have a feeling it will be a red day.

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ow my portfolio

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wtf is this?

mrduckbear posted...

as you can see even back 20 years ago

no no no no this is not the full throttle/mrduckbear i know

it should be "as you can see in this 20 y/o layout"

stop half throttling

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Right?

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Stocks are on sale today except for AMC.

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But won't someone think of the poor short sellers that make money from selling what they don't own in hopes to profit from companies failing?

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Did I miss a money making opportunity?

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