Board 8 > Stock Topic 9

(+) Yeah! (+)

I am still pissed I bought Amazon and ignored Apple
And this is still biting me in the ass

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Lopen posted...

TLRD stock will become TLRDQ and trade like a normal stock OTC until Bankruptcy proceedings complete, meaning you can still get out, and you can possibly even sell it for higher than it is valued at right now (like JCPNQ is currently 10 cents over what JCP ended at before declaring bankruptcy IIRC)

As I understand it depending on how the proceedings go, when they resolve, the stock will either turn to 0 value or investors will be compensated in some other way (with new stock of the non bankrupt company or whatever else)

If you are a bondholder, it's quite possible you'll get stock in the reorganized company. If you are a shareholder, it's pretty unlikely you'll get anything.

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But yeah, quite happy I bailed out of this at $1.18. A 25% loss is much better than a 95% loss.

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Peloton baby

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Fuck peleton

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Just ride a real bike wtf

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red sox 777 posted...

But yeah, quite happy I bailed out of this at $1.18. A 25% loss is much better than a 95% loss.

Yeah definitely. TLRD is a good learning experience for knowing when to sell at a loss

Heck for me it even might be now (again, lol) even though I only re-entered at $0.31. Selling at $0.20 or whatever it opens at OTC might be smarter than holding hoping it'll see saw back to $0.31 or better. I'm on the fence. On the one hand I feel like it's one of those bankruptcies that isn't a real bankruptcy and they have a sustainable business model there. On the other this is a company that seemingly cares not at all about shareholders so why would you roll your dice on it OTC. Might just be one that just goes down and down and down and I'll take another 30% loss on the smaller investment to pair with my 15% loss when I sold it earlier.

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Nanis23 posted...

I am still pissed I bought Amazon and ignored Apple
And this is still biting me in the ass

It's not too late to get in for Apple, when it splits it's going to rise like crazy again.

I'm going to go big on it this month.

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TLRD is definitely a bag I held onto for too long. Sighhh

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When is Apple splitting?

neonreaper posted...

Fuck peleton

Hey fuck you, it's a real bike

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the company I work for is publicly traded. I was in pre-acquisition and got options at a strike price of $0.18. It's up over $20 at the moment. I am a happy boy

Moonroof posted...

When is Apple splitting?

"The shares will be distributed to shareholders at the close of business on August 24, and trading will begin on a split-adjusted basis on August 31."

Not sure what happens during that period. But seems like you need to buy by 8/24 to get your shares split.

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Friends, I think it is time to close every position I have in the coming days and YOLO extra shares of AVCT. Ask me and I'll tell you why.

Unfortunately I have to sell some of my positions at a loss on margin to do so, which means a waiting period. Alas, I may not get this opportunity again. Really hoping for a dip soon but it keeps building stair steps. I'm only YOLOing the ER run-up though; as rich as I could get post-ER, who knows if we'll actually get forward guidance (though insiders scooping up crazy shares implies so...I'm not going to be greedy). And even with Computex financials that should indicate AVCT to trade at almost double its current market cap, I can't risk any substantial downside here. Stocks don't always follow fundamental or valuation rules, especially not relatively undiscovered stocks this cheap, so this YOLO trade is more of a technical analysis. But...it's time.

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Never yolo imo

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Yeah never YOLO. It only takes one to kill all your gains.

But my last YOLO doubled my money! If I do it, it'll be very short term and I'll only do it on a dip. Hopefully a significant one.

It's a win win either way. This stock runs up like crazy every dip, and I seriously don't see that changing. Too many longs with six figures on this thing with 20+ price targets that buy every dang dip. And I already have a ton of shares so if it doesn't dip, I'm a winner.

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StartTheMachine posted...

But my last YOLO doubled my money! If I do it, it'll be very short term and I'll only do it on a dip. Hopefully a significant one.

It's a win win either way. This stock runs up like crazy every dip, and I seriously don't see that changing. Too many longs with six figures on this thing with 20+ price targets that buy every dang dip. And I already have a ton of shares so if it doesn't dip, I'm a winner.

If it's a win-win either way it's not a YOLO. It could dip and then keep dropping after you buy more shares, and then you lose big.

The thing is you could hit 10 doubles in a row and be up 1000x your original investment and one YOLO could still wipe you out, just as if the 10 good trades had never happened.

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alright this is why I posted here, to get you all to convince me to not YOLO

That still doesn't fix the cognitive dissonance I feel from not one but two millionaire traders I met tonight (friends of a friend at work) that just threw a milli at this. And see, I'm in the opposite boat red sox. I've had a ton of bad trades in a row besides my longs of AVCT and XELA. Okay, so GAN is a long too but it's been struggling (and looking like a come back is imminent fortunately, but who knows).

Seriously, if I YOLO I'll get out a fucking dollar above where it's currently trading, enough for over 10k profit, and keep the remaining shares. I'm not being as crazy as you guys think here.

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Just put 20% extra on and feel good. The millionaire investors didn't yolo either. Be smart.

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One of them half-YOLO'd. He has 2 million in his account.

But okay, it's good hearing from the person who recommended this stock to me in the first place. I'm just frustrated from diversifying and seeing every one of those stocks do bad. Why not cut your losses and ride your winners, right? Diversifying has literally just lost me money whereas doubling down on AVCT would have been insanely profitable right now. It's hard to shake that thought.

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StartTheMachine posted...

alright this is why I posted here, to get you all to convince me to not YOLO

That still doesn't fix the cognitive dissonance I feel from not one but two millionaire traders I met tonight (friends of a friend at work) that just threw a milli at this. And see, I'm in the opposite boat red sox. I've had a ton of bad trades in a row besides my longs of AVCT and XELA. Okay, so GAN is a long too but it's been struggling (and looking like a come back is imminent fortunately, but who knows).

Seriously, if I YOLO I'll get out a fucking dollar above where it's currently trading, enough for over 10k profit, and keep the remaining shares. I'm not being as crazy as you guys think here.

If you have had a ton of bad trades in a row, well, throwing a ton of money at this one doesn't guarantee it will turn out well. As for people throwing big money at it, do you know how much their total net worth is? If they have $10 million, then $1 million is only 10% which is perfectly fine for something you believe in. Even at $2 million, that's 50%, which is a completely different game than something like 100%.

Put it this way - if you only put a max of 50% in any one investment and you are a good trader, over the long run you make money and almost as fast as you would if you did the YOLOs. If you do the 100% trade once, you will probably do it again, and each time it will seem more and more right. Until one day something goes horribly wrong and you lose everything.

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You see, the thing is, stocks go up in the long run. So if you suffer a 50% loss - you almost certainly WILL recover, and then go much higher from there. But you can't recover from a 100% loss because you have no money left to invest.

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And honestly, if you have an amount of money in the market that is relatively small relative to your income, it may be fine from a risk/reward point of view to use an higher level of risk than you might think. Because you aren't really investing 100% in one thing, you aren't touching the income you'll have in the future. But the really dangerous thing about this is, it teaches you that this is a good strategy. Then when the big loss finally comes, it may come when you have a million bet - and then all of a sudden you can't replace that money by working.

I read a really tragic law case recently about someone who lost his life savings of about $10 million trading AAPL options (he actually only lost about 60% in the market but got hit with a breach of fiduciary duty claim from his wife since he told her he was only investing 25% of their net worth in the options instead of 100%, so I think she got almost all of what was left). A lifetime of success ruined by Apple stock moving down for a few months in the middle of its 20 year moonshot. If he had put in $5 million instead of $10 million, he'd still be rich and could retire comfortably and live a very good life from the dividends alone. Instead he's broke.

(And if he put the other $5 million 25% each in Apple, Amazon, Microsoft, and Facebook stock instead of options he'd have like 20 million by now).

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Okay, I'm probably posting too much about this topic but here's one last one. YOLO (you only live once) simply doesn't make sense unless you're doing an activity which you won't have the opportunity to do again. We only live once but we can trade stocks many many many times. Many good opportunities will present themselves in the future. If anything, using the YOLO logic we should need to ensure we will have money to bet with when those future opportunities come! Now, here's an example of a good YOLO:

I think early on Fedex on near insolvency. On a Friday, they had like 5k left in the corporate bank account and obligations of something like $27k to meet on Monday. So, they were going under unless they found a way to generate a 400% return over the weekend. So, the CEO withdrew the funds, and flew to Vegas. After getting very lucky at one weekend of blackjack, Fedex had enough money to meet its obligations on Monday.....and it ended up growing into a very successful company. This was a good time for a YOLO because it was actually their only chance - the alternative was declaring bankruptcy on Monday.

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I am not usually opening up and talking about myself but uh whatever I need some help I guess

I have started swing-trading in the stock market about a year ago. I was born into the most bull stock market ever so it was kinda easy to make money
Overall in about half a year I made $20k and it was awesome. At this rate, and considering the more money you have - the more money you can make - I had high expectations for the future
In January of this year I made a fatal mistake that cost me about 1/3 of my entire profits..in 5 minutes.
I was too cocky, overconfident and stupid, and went with 80% of my money into a a Israeli company which is dual-listed, called Audiocodes

Audiocodes just released their earnings, and it looked good! the stock was rising 3% in Israel's stock market, I went in with 80% of my money, it rose 2% more, fantastic profits were made
But I didn't sell. Because I remember from previous quarters that when the US market open, there is usually a surge in the stock price.
I mean, why wouldn't there be? it was a great earning report!
Pre-market looked great, even 2 minutes before US market open. I was still in huge profit. And then the unexplainable happened - in a matter of minutes the stock dropped from 5% in the green to 12% in the red. I froze. I didn't have a stop-loss for this because I couldn't realize something like that could happen. I didn't sell because "I thought it was a mistake" (yeah, lying to myself because of shock)
I sold the day later, $7k loss.

But I didn't give up. Money comes, money goes. it took me a month but I was able to regain 80% of the losses. Even when the stock market looked weird (the stock market crash didn't happen yet but it was a in a little turmoil)
I was happy again, things looked good!

And then the stock market crash happened. Did I lose a lot of money from the crash? nope! I was smart enough to quit on the first day, barely any losses. I kept 20% inside in case of nothing bad really happens.
Needless to say, bad things happened and those losses from those 20% I kept inside were painful, but not deal-breaker. I sold before things got even worse.

I wish that was the end of it. it wasn't.
I tried day trading during the stock market crash. I went into strong Israeli stocks that were somehow down 20% in the day. But I underestimated just how strong the sell-off was. Those stocks went down even more. 20% down turned to 25% down in 10 minutes. I panic sold. It happened many times.

Tesla, which gave me a month's salary in two months, also crashed hard when I had $20k invested in it. All the profits made, deleted.

And, once more, I wish that was the end of it
The worst part of the crash is that it gave me a PTSD. The stock market recovered nicely but I didn't take part in it. I didn't believe the recovery, I expected another crash in every corner. Every time I went in, it was with like 5% of my money.
When I made a little profit, I sold. When I suffered heavy losses, I sold. This panic IS the reason I lost so much money. What used to be monthly swing trading turned into daily swing trading.

It only recently that I got back enough confidence to come back with more money...and I was able to make $1000 in one day last week. It was great!
But as things happen...the following week I lost almost all of it.

I am near my break-even. I might even be in the red. Those $20k profits I made deleted entirely.
And honestly I don't know what to do. Maybe the stock market isn't for me. But I wish it wouldn't be from the beginning. Because right now I know I was able to make money. I know how it feels. I want that to happen again.
But I can't. I am too emotionally afraid because of that PTSD. And if I give up on the stock market, then what? what other ways to earn money do I have? (besides work which I do, obviously)

And it doesn't help that I suffer from...I don't know how to call that, it isn't really depression, it's more like "unease" ever since January. I can't think of care about anything else besides getting back my profits
It's a fucking mess

I need some stock-market shrink or something

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Nanis23 posted...

I am not usually opening up and talking about myself but uh whatever I need some help I guess

I have started swing-trading in the stock market about a year ago. I was born into the most bull stock market ever so it was kinda easy to make money
Overall in about half a year I made $20k and it was awesome. At this rate, and considering the more money you have - the more money you can make - I had high expectations for the future
In January of this year I made a fatal mistake that cost me about 1/3 of my entire profits..in 5 minutes.
I was too cocky, overconfident and stupid, and went with 80% of my money into a a Israeli company which is dual-listed, called Audiocodes

Audiocodes just released their earnings, and it looked good! the stock was rising 3% in Israel's stock market, I went in with 80% of my money, it rose 2% more, fantastic profits were made
But I didn't sell. Because I remember from previous quarters that when the US market open, there is usually a surge in the stock price.
I mean, why wouldn't there be? it was a great earning report!
Pre-market looked great, even 2 minutes before US market open. I was still in huge profit. And then the unexplainable happened - in a matter of minutes the stock dropped from 5% in the green to 12% in the red. I froze. I didn't have a stop-loss for this because I couldn't realize something like that could happen. I didn't sell because "I thought it was a mistake" (yeah, lying to myself because of shock)
I sold the day later, $7k loss.

But I didn't give up. Money comes, money goes. it took me a month but I was able to regain 80% of the losses. Even when the stock market looked weird (the stock market crash didn't happen yet but it was a in a little turmoil)
I was happy again, things looked good!

And then the stock market crash happened. Did I lose a lot of money from the crash? nope! I was smart enough to quit on the first day, barely any losses. I kept 20% inside in case of nothing bad really happens.
Needless to say, bad things happened and those losses from those 20% I kept inside were painful, but not deal-breaker. I sold before things got even worse.

I wish that was the end of it. it wasn't.
I tried day trading during the stock market crash. I went into strong Israeli stocks that were somehow down 20% in the day. But I underestimated just how strong the sell-off was. Those stocks went down even more. 20% down turned to 25% down in 10 minutes. I panic sold. It happened many times.

Tesla, which gave me a month's salary in two months, also crashed hard when I had $20k invested in it. All the profits made, deleted.

And, once more, I wish that was the end of it
The worst part of the crash is that it gave me a PTSD. The stock market recovered nicely but I didn't take part in it. I didn't believe the recovery, I expected another crash in every corner. Every time I went in, it was with like 5% of my money.
When I made a little profit, I sold. When I suffered heavy losses, I sold. This panic IS the reason I lost so much money. What used to be monthly swing trading turned into daily swing trading.

It only recently that I got back enough confidence to come back with more money...and I was able to make $1000 in one day last week. It was great!
But as things happen...the following week I lost almost all of it.

I am near my break-even. I might even be in the red. Those $20k profits I made deleted entirely.
And honestly I don't know what to do. Maybe the stock market isn't for me. But I wish it wouldn't be from the beginning. Because right now I know I was able to make money. I know how it feels. I want that to happen again.
But I can't. I am too emotionally afraid because of that PTSD. And if I give up on the stock market, then what? what other ways to earn money do I have? (besides work which I do, obviously)

And it doesn't help that I suffer from...I don't know how to call that, it isn't really depression, it's more like "unease" ever since January. I can't think of care about anything else besides getting back my profits
It's a fucking mess

I need some stock-market shrink or something

You sound like you're just gambling.

As for the PTSD from crashes, yes, it is well documented that the Great Depression made many middle and working class people skeptical of the market for a generation. People lost far more from the profits they missed over the next few decades than they lost in the crash.

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Right now..yes..it's kinda gambling
Before then I wouldn't say so. I would only enter stocks that are in constant upward trend (i.e Apple, Microsoft, Amazon, Nvidia, AMD types of graphs) so the risk was kinda low
Most of them were real estate stocks that soared in 2019 like crazy in Israel
But this year due to the pandemic they suck..and the only good stocks (because we are low on Tech stocks here) are trendy shitty stocks. The few techs that we have are actually good performing but I was dumb and didn't buy them

Honestly I don't want this. I want to put my money good companies for a month and not look at it. And expect a profit of $300-$500 per month. Nothing more. But I am too afraid to do that

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By the way, I have a huge belief in AVCT. 20% represents a huge belief. Hell if you want to be crazy 50% is also a huge belief. But all in yolo is just dumb tbh. Always. Even if you get it right. Like if in your head it is "YOLO" then that's uh oh.

Also Nanis if you want my advice on what I am doing, I have a giant position in AAL. AAL isn't going bankrupt. It won't be this low in two years.

The difference between AVCT and AAL by the way is the government's hubris is not allowing a major airline to fail. Also lobbying. Massive, stupid, american-person hurting lobbying. I trust them to be evil.


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DoomTheGyarados posted...

Also Nanis if you want my advice on what I am doing, I have a giant position in AAL. AAL isn't going bankrupt. It won't be this low in two years.

Is it for sure though?
There have been giant companies that went bankrupt during this crisis
And in 2008, Lehman Brothers were "too big too fall" also fell off into bankruptcy
I dunno

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American Airlines has the word America in its name.

Yes, politicians are that dumb.


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Also if you want a sure thing buy an index fund and move on by the way. That's advice # 2! You will make some sort of steady money and won't have to worry much.


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DoomTheGyarados posted...

Also if you want a sure thing buy an index fund and move on by the way. That's advice # 2! You will make some sort of steady money and won't have to worry much.

QQQ for example?
Yeah the idea of putting something like $10-15k on it sounded good
But isn't NASDAQ a bubble now?
I gotta stop reading financial websites..they are full of bears

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Nasdaq is probably in a bubble, but the main drivers aren't imo.

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Nanis23 posted...

Right now..yes..it's kinda gambling
Before then I wouldn't say so. I would only enter stocks that are in constant upward trend (i.e Apple, Microsoft, Amazon, Nvidia, AMD types of graphs) so the risk was kinda low
Most of them were real estate stocks that soared in 2019 like crazy in Israel
But this year due to the pandemic they suck..and the only good stocks (because we are low on Tech stocks here) are trendy shitty stocks. The few techs that we have are actually good performing but I was dumb and didn't buy them

Honestly I don't want this. I want to put my money good companies for a month and not look at it. And expect a profit of $300-$500 per month. Nothing more. But I am too afraid to do that

It is not that easy to decide whether something is a good stock or bad stock. If it was a matter of just identifying an uptrend, getting rich would be easy. Don't blame yourself for not doing the right thing. Accept that you and everyone else don't know what the right thing is, at least in the short run.

In other words it's not the activity that makes it gambling, it's your attitude toward it, which greatly resembles a gambler who's suffering from seeing patterns that don't actually exist. The reason stocks go up is that they are risky and someone else can't handle the risk. If you aren't willing to hold them for a meaningful amount of time you shouldn't expect much gain.

DoomTheGyarados posted...

American Airlines has the word America in its name.

Yes, politicians are that dumb.

Best 20 word or less DD on why AAL wont go bankrupt that's very true

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Also i agree with vacation stocks being a good value right now. I dont suspect they will go all that much lower. But idk I'm just a nerd

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stocks go up

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I just sold TLRD at like a 100 dollar loss. Didn't wanna play the bankruptcy bounce game with this one even if I think it might. I feel like tossing the money in a non bankrupt penny stock has better odds to get my money back lol.

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HeroicCrono posted...

It is not that easy to decide whether something is a good stock or bad stock. If it was a matter of just identifying an uptrend, getting rich would be easy.

In hindsight, isn't investing in Microsoft, Amazon, Apple, Nvidia, AMD, Facebook, Netflix considered "easy"? I am not even mentioned Tesla
It just somehow being able to survive painful red days. And there were some of them that Apple dropped like 5% (I am talking about days unrelated to the stock market crash)
In those days..I panic sell

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Nanis23 posted...

In hindsight, isn't investing in Microsoft, Amazon, Apple, Nvidia, AMD, Facebook, Netflix considered "easy"? I am not even mentioned Tesla
It just somehow being able to survive painful red days. And there were some of them that Apple dropped like 5% (I am talking about days unrelated to the stock market crash)
In those days..I panic sell

I mean oil companies would be under that category .... except they went down. Or Enron. Or Worldcom. Or Airlines

its easy for capital hindsight to pick winners.

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Nanis23 posted...

In hindsight, isn't investing in Microsoft, Amazon, Apple, Nvidia, AMD, Facebook, Netflix considered "easy"? I am not even mentioned Tesla
It just somehow being able to survive painful red days. And there were some of them that Apple dropped like 5% (I am talking about days unrelated to the stock market crash)
In those days..I panic sell

In hindsight, it would also have been easy to make a lot of money investing in GNUS, LK, HTZ, KODK, JCP, CHK, etc. Stock trading is super easy if you have hindsight.

Going forward, it's a hard game. But a lot easier if you just don't panic sell. How do you think people get great bargains on stocks? They are buying it from someone who's panic selling.

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If you're in a "safe" stock never sell on day to day movement imo. Watching stocks is for pennies and day trading

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red sox 777 posted...

In hindsight, it would also have been easy to make a lot of money investing in GNUS, LK, HTZ, KODK, JCP, CHK, etc.

Oh come on there is no logic in comparing with those
Better comparsion would be Tesla if anything


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Nanis23 posted...

Oh come on there is no logic in comparing with those
Better comparsion would be Tesla if anything

You said with hindsight. My point is investing with hindsight is super easy.

God if I sold out of XELA for 2k when it ran and bought AVCT on the dip under 4 that day, I'd already be back to my 30k goal. Literally almost did that and thought, "man is XELA going to run again tomorrow and I'll regret doing this?" Of course the opposite happened. So sad I didn't do that :( I should know enough by now to take any 2k trade.

Honestly that's the other big reason I want to triple down on AVCT. It keeps moving up consistently so I don't really see much risk in buying it even at these prices at all when I can put a stop limit on it. Then if it dips I can buy back cheaper.

This is what I've been doing with this stock anyway to secure profits - flipping extra shares. I'll just be doing the same thing except with way more extra shares. But I have to sell GAN for a loss to do this and it's the only reason I haven't pulled the trigger.

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Watching NKLA is hilarious

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Wynn revenue down 95% year over year for Q2. Not surprising given LVS reported down 97%.

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I think things are gonna get even worse for a bit. Payroll is Thursday right?

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I have no clue, and no investment, I'm just ready for this to crash and burn again for the 20th time, it makes me feel good

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