Board 8 > Stock Topic

(+) Yeah! (+)

I tried my hand at day trading years ago. I lost a bundle and wont do it again.

Uglyface2 posted...

I tried my hand at day trading years ago. I lost a bundle and wont do it again.

You only lose money if you sell at a loss.

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Looks like Trump's announcement of stimulus coming tomorrow has 180d the futures market. Was down a lot. Up now.

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Hey ulti how can I make 1k tomorrow


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Well looks like AIM turned to be a shitty meme stock, glad I didn't enter it

Anyway no need for a meme stock today because futures are looking good - it's more likely a correction for yesterday and not a new trend

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AGRX is one that I'm putting money in. It's a 100% buy with analysis. Same with MRNA, seems to be the one that is most promising among the pharma companies working on the vaccine.

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Oh no it already tanked
But its rallying!

But probably by the time I leave work its gonna be another sell off but who knows I'm just watching the market and have no investments since dear leader Ulti hasnt told me how to make many bucks.

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NVAX is doing well.

AYTU up 500% today lmao wtf

Expect a 10% loss today with over a 2000 point + drop. The futures is down 1100 points last I saw so it's gonna be opening at 1000 + points down.

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Jeez. I wonder how 401k and such should be handled.

So much for Bitcoin being a good backup for when the market is crashing ugh

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So my "401k" is through the Thrift Savings Plan where my contributions can be allocated into different Funds, some of which are based on the market and others which are not.

Now fortunately for me I've only been at this job for a little less than a year and a half so the nest egg is not very large. Currently so I've taken a 20%~ hit to a much smaller amount than it might otherwise have been. In retrospect I should have moved everything out of the stock based fund after the first bad day, but alas I did not so the 20% dip was sustained.

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So my question is this:

Is it still worth it at this point to make money moves or are we close enough to the bottom of this slide that it won't make a major difference?

if I put in for a fund reallocation it takes a 1-2 days for it to go into effect so I'm always worried that I'll miss a rebound day, so maybe I'll just ride it out?

My employer matches 5% so that's what I've been contributing but I'm thinking of doubling to 10% while the prices have dropped. I'm not overly concerned because as I mentioned earlier at this point the balance is still so small (under 10k) but i also recognize if I play my cards right i can put myself in position to snowball once things turn around.

I'd really appreciate some advice from someone who knows more about these things. Oh and as an added kink I can only make 2 free re-allocations per month so it's not like I can move it back and forth every couple days for incremental gains. (I have not looked into the price to make more than 2 moves per month)

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Forceful_Dragon posted...

So my "401k" is through the Thrift Savings Plan where my contributions can be allocated into different Funds, some of which are based on the market and others which are not.

Now fortunately for me I've only been at this job for a little less than a year and a half so the nest egg is not very large. Currently so I've taken a 20%~ hit to a much smaller amount than it might otherwise have been. In retrospect I should have moved everything out of the stock based fund after the first bad day, but alas I did not so the 20% dip was sustained.

.

So my question is this:

Is it still worth it at this point to make money moves or are we close enough to the bottom of this slide that it won't make a major difference?

if I put in for a fund reallocation it takes a 1-2 days for it to go into effect so I'm always worried that I'll miss a rebound day, so maybe I'll just ride it out?

My employer matches 5% so that's what I've been contributing but I'm thinking of doubling to 10% while the prices have dropped. I'm not overly concerned because as I mentioned earlier at this point the balance is still so small (under 10k) but i also recognize if I play my cards right i can put myself in position to snowball once things turn around.

I'd really appreciate some advice from someone who knows more about these things. Oh and as an added kink I can only make 2 free re-allocations per month so it's not like I can move it back and forth every couple days for incremental gains. (I have not looked into the price to make more than 2 moves per month)

I don't know if you can specify a stock (I know my fiance can with her account) but I am eyeing Microsoft pretty hard for a long term investment right now.


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Just ride it out. Youre far enough away from retirement that this won't really matter much
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Forceful. Unfortunately, there is no way to predict how much lower the market will go or when the rebound days will take place. With that being said, since your amount is under 10k I dont think it will matter. I do think, however, that you should increase your contribution percent. This is because the travel ban caused the market to go down today, and a bomb like that cant happen again to lower the market. I suppose a national ban can happen, but the market WILL rebound sooner than later.

Edit: in reply to Chris

Nope! TSP just has Funds that are based on different things.

C - "common stock index" Fund imitates the performance of S&P 500

S - Small Cap Stock Index, imitates Dow Jones.

I - International Stock Index

F - Fixed Income Index, imitates Bond market. Affected by things like interest rates

G - Government Securities

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G will basically never go down but it's rate of increase is sooooooo small that it won't make you money long term. It's just useful as a safe place to allocate funds when you don't want to put it somewhere else.

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KingButz posted...

Just ride it out. Youre far enough away from retirement that this won't really matter much

Moonroof posted...

Forceful. Unfortunately, there is no way to predict how much lower the market will go or when the rebound days will take place. With that being said, since your amount is under 10k I dont think it will matter. I do think, however, that you should increase your contribution percent. This is because the travel ban caused the market to go down today, and a bomb like that cant happen again to lower the market. I suppose a national ban can happen, but the market WILL rebound sooner than later.

That's basically my thoughts as well. I'll put in for a contribution increase and put in some overtime so my take home will be the same but I'll get as much money in now.

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My plan originally was to reallocate all my C and S funds to G around August or September to.avoid any uncertainty from the election, so I wasnt really expecting to even need to consider making a change at this point.

It's the sort of thing I'll need to be more educated about as my account grows.

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I wouldn't stress about that sort of thing - stocks will go up and down. The economy is what it is. Put into G as you get older. You can afford heaping amounts of risk right now.

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what's crazy is that after this traumatic crash, my stonks are right about at the level they were almost exactly a year ago.

i feel like it'll have to go farther down before this is considered a full and true correction. deciding if and when i should put what cash i have in

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Ebbs and flows.

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If anything, now is the time to be buying volatile stocks. By that, I mean stocks that are liable to go up 20%+.

I don't know stocks

is now a good time to start and how

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No but the how is easily available online.

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agh I was trying to transfer to university this fall but now all my money is on fire and I can't pull it for tuition

maybe time to just hunker down and invest more

red13n posted...

No but the how is easily available online.

Is it only no because they're likely going to fall even further? Also new to the game but I've been wanting to begin investing for a long time and this seems like a nice kick in the pants.

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Xiahou Shake posted...

Is it only no because they're likely going to fall even further? Also new to the game but I've been wanting to begin investing for a long time and this seems like a nice kick in the pants.

Im not an expert but I dont see what would make anyone think this is the bottom and things are about to get better immediately
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At this point I feel like SQQQ is the best meme """stock"""
Although taking it today is super risky as Wall Street is after two terrible days and a rebound is supposed to happen sometime

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Short answer, yes, now is a good time to be investing. The market is liable to go down even more than where its at now, but it will certainly go back up within a few to several months. In a perfect world, youd invest on the final day of decline. But because nobody is clairvoyant, if you were to invest now and risk the market going down even further, it wouldnt matter much compared to the increases youd yield down the road.

Think of it like this.

The market was steadily increasing from 24,000 all the way to 29,000 in the span of about five years. In one month, it went down to 23,000. Sure, it may (and probably) will go down further. But the norm is going to be around 26,000 -27,000. So if you invest now, you can pretty much guarantee youd Make profits. It will just a while.

Once Coronavirus is handled (however long that will take), things will correct.

No the rule is that you SHOULDNT handle things right now
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Im not saying we are at the bottom. I recognize the market can and likely will continue to go down. What you dont want to do is wait too long and then the market goes up 2000 points in one week.

Invest some now, invest some as it goes down as well. Take your investment bankroll and divvy it up based on what you think is worth the risk. Or you can wait for the rebound and buy on the way up, but the rebound might be incredible and you might be sitting around playing Animal Crossing and continue putting it off. If you've never invested it might be worth putting some small % of your investment bankroll into something *now* so that you won't feel like there's a barrier for entry (making an account, figuring out how to invest, etc) when we've hit the bottom. I'm suggesting this from a practical standpoint - if you feel like investing really only requires the right "get rich quick" moment in history, then sure, wait a bit longer.

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neonreaper posted...

. If you've never invested it might be worth putting some small % of your investment bankroll into something *now* so that you won't feel like there's a barrier for entry (making an account, figuring out how to invest, etc) when we've hit the bottom. I'm suggesting this from a practical standpoint - if you feel like investing really only requires the right "get rich quick" moment in history, then sure, wait a bit longer.

Yes. I literally put in $250 just to play around with a couple weeks ago(I have signifcantly more waiting) just to familiarize myself with the interface and get comfortable with the idea of investing(I have made $7 lol).

Investing -is- a gamble, but it is a gamble with a positive expectation over the long haul. Basically, if you invest now, you will gain money in a year or two or maybe 5 if the economy goes nuts. But maybe not as much as if you wait a week or two. Perhaps by a signifcant amount. But you will gain eventually. Its a bet on when you think we bottom out.

Personally, I'm going to say we havent bottomed out yet and I'm waiting, but I have the funds and a few investments picked out and ready to go as soon as I feel we are on or approaching an upturn.

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Moonroof posted...

Short answer, yes, now is a good time to be investing. The market is liable to go down even more than where its at now, but it will certainly go back up within a few to several months. In a perfect world, youd invest on the final day of decline. But because nobody is clairvoyant, if you were to invest now and risk the market going down even further, it wouldnt matter much compared to the increases youd yield down the road.

I am no expert to the Stock Market. I am a beginner, so take what I say with a giant grain of salt - But I believe the market will bounce back very fast once we start hearing good news about the coronavirus, whenever that might be
This isn't like 2008 - there is no financial crisis. News outlets that say otherwise are just trying to ride on the bear market. The market was super bull. And want to be a bull again.

Surely some companies will be hit hard, like Boeing, but whatever. Most tech companies will be unaffected.

And YET, I don't believe you should invest yet. There is still more room to go down. Wait a few days. There might be a correction tomorrow or on Monday, don't fall for it - it will be just a correction and not the "bounce back"

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I'm going to put some serious money into airline stock. They are looking very fucking tasty right now. The question is whether to pounce now or give them another week to continue crashing?

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Nanis23 posted...

I am no expert to the Stock Market. I am a beginner, so take what I say with a giant grain of salt - But I believe the market will bounce back very fast once we start hearing good news about the coronavirus, whenever that might be
This isn't like 2008 - there is no financial crisis. News outlets that say otherwise are just trying to ride on the bear market. The market was super bull. And want to be a bull again.

Surely some companies will be hit hard, like Boeing, but whatever. Most tech companies will be unaffected.

And YET, I don't believe you should invest yet. There is still more room to go down. Wait a few days. There might be a correction tomorrow or on Monday, don't fall for it - it will be just a correction and not the "bounce back"

China bounced back in about 7 weeks give or take some.

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Just came back from the grocery store (Toronto, Ontario) and yikes. Not sure what a run on the banks looks like but I feel like I know a run on the grocery stores now.

....and then i saw this topic and I thought about buying grocery store stocks. Isn't there some jurisdiction in the U.S. where everything's closed except grocery stores and pharmacies? Strong sales leading to higher than expected Q1 results and a boost in stock price...?

MartinFF7 posted...

Isn't there some jurisdiction in the U.S. where everything's closed except grocery stores and pharmacies?

I think thats Italy
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Ahhh yeah you're right, I was thinking of Ohio but they weren't quite there yet.

....is there an Italian stock market (lol)

Nelson_Mandela posted...

I'm going to put some serious money into airline stock. They are looking very fucking tasty right now. The question is whether to pounce now or give them another week to continue crashing?

I think this is a great idea. I bet they will continue going down, especially at the end of the month when they have their quarterly benchmark meetings. Nonetheless, theyve all go down around 70% in the pay month.

Today was...crazy..all right..

Waiting for some people to explain what the fuck happened
Because Trump speech had nothing in it that was supposed to make it happen

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I dont have faith these gains will hold, feels like a bit of a correction from the market falling too fast.

Leafeon13N posted...

I dont have faith these gains will hold, feels like a bit of a correction from the market falling too fast.

I agree totally
I tried SQQQ during Trump Speech as it feel 1%
Then I noticed it was going up too fast and sold it as fast as possible about went TQQQ
Got a little profit (not enough to cover up the losses this week so meh) but I ran away 2 minutes before the bell rang

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Leafeon13N posted...

I dont have faith these gains will hold, feels like a bit of a correction from the market falling too fast.

Zero chance it is gonna hold. The market has swung up and down repeatedly over the past week. Just another crazy swing.

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Did a quick day trade today (my first buy and sell ever) just to familiarize myself with how everything works on a non-insane day. Made just $30 but feel like I gained way more than that just in understanding the process! Looking forward to getting more involved once things dip back down.

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Yeah, todays afternoon actions made no sense. Hopefully itll stick, but dont expect it to.

I also learned something today. If a stock closes at, say, $50 that doesnt mean you can buy it at $50 through when the market opens the next day. Because trading goes on beyond the markets hours, you have no real way of knowing what value said stock has. Enter ask and bid prices. You can only buy the stock at the bid price which is different than what the stock closed at.