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Nanis23 09/03/20 5:32:42 PM #351: |
red sox 777 posted...
Then it seems like the problem is primarily that you have a low tolerance for risk. And that your risk tolerance goes up as stocks go up, causing you to miss out on a lot of the rally and buy more at the top.I dunno, it's easier listening to the bears during a market crash, but harder to listen to bulls during a rally Maybe it's my perspective as being a mostly negative person and it's biting me in the ass Even after NASDAQ was 10% up from the bottom, analysts were all "this is just a dead cat bounce and it's will fall down and harder" And I was like..yeah they are probably right And I waited And waited And waited And NASDAQ kept going up So everytime I said "I will buy the dip" And a dip doesn't happen And when there is a small dip, I get in with like..10% of the cash? sometimes less, and say "if there is another dip tomorrow, I will add more money" And then the next day NASDAQ goes +4% and I am like..wow yay me I got $100, now I need to make $9900 more (ok not really the exact number but you know) Pre stock market crash everything went perfectly, damn it --- wololo ... Copied to Clipboard!
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red sox 777 09/03/20 5:45:27 PM #352: |
Nanis23 posted...
I dunno, it's easier listening to the bears during a market crash, but harder to listen to bulls during a rally Yeah just don't listen to people. Or be a contrarian. Buy when everyone's panic selling. Sell when your Uber driver is recommending meme stocks to you. There is a logic to it - if you are listening to people, what is your advantage over them? You don't have any, right? Now if the advice you are listening to is limited to a small group of people - then you could still have an advantage over the market. But if the advice is being blasted from the rooftops on CNBC.....what advantage do you have? But if you have to listen to people, don't listen to permabears like Zerohedge. There's probably no group of people that's more consistently wrong. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard!
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Shadow Dino 09/03/20 6:13:20 PM #353: |
My long plays all involve a set of mutual funds most of my investment funds are in. The plays I make here are with money I can afford to lose.
--- Bart, with $10,000, we'd be millionaires! We could buy all kinds of useful things like...love! ~Homer J. Simpson ... Copied to Clipboard!
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Nanis23 09/03/20 6:38:23 PM #354: |
Futures not looking good either
I took some SQQQ as a protection Will not cover the whole loss (of course not, otherwise a green day would be bad for me) but should make me less crazy I hope --- wololo ... Copied to Clipboard!
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Corrik7 09/03/20 10:25:54 PM #355: |
Tomorrow will likely be green cuz favorable jobs reports are expected.
--- Xbox Live User Name - Corrik Currently playing: Spider-Man (PS4), Quantum Break (X1) ... Copied to Clipboard!
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HeroicCrono 09/03/20 10:28:10 PM #356: |
Nanis23 posted...
Futures not looking good either Look at the SQQQ graph. This thing is financial suicide. It goes up less when the market falls than it goes down a lot when the market rises. Just this year it's already lost 80% in 8 months, and that's with a global pandemic that's caused ridiculous losses to the economy! You'd do better going to the casino - at least then you have a chance of winning. ... Copied to Clipboard!
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Lopen 09/03/20 11:46:28 PM #358: |
I think the most telling thing about SQQQ is even if you timed it right before the massive crash in March you would only double your money and there was only like a 2 week profit window there. You wait until mid April and you're already losing. Crazy
I mean --- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard!
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Nanis23 09/04/20 1:32:36 AM #359: |
HeroicCrono posted...
Look at the SQQQ graph. This thing is financial suicide. It goes up less when the market falls than it goes down a lot when the market rises. Just this year it's already lost 80% in 8 months, and that's with a global pandemic that's caused ridiculous losses to the economy! You'd do better going to the casino - at least then you have a chance of winning.It's for today only --- wololo ... Copied to Clipboard!
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red sox 777 09/04/20 1:40:35 AM #360: |
Nanis23 posted...
It's for today only What's special about today? SQQQ is an awful bet unless you have very high confidence Nasdaq is falling tomorrow. And if you were confident about that, then you shouldn't be holding those stocks. This is betting against yourself and paying a high fee for it. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard!
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tennisboy213 09/04/20 1:50:44 AM #361: |
-$13k today ouch
--- When somebody's the president of the United States, the authority is total. ... Copied to Clipboard!
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Nanis23 09/04/20 2:53:02 AM #362: |
red sox 777 posted...
What's special about today? SQQQ is an awful bet unless you have very high confidence Nasdaq is falling tomorrow. And if you were confident about that, then you shouldn't be holding those stocks. This is betting against yourself and paying a high fee for it.Right now it's looking like it will pay off.. And it's for protection only - I didn't sell my stocks --- wololo ... Copied to Clipboard!
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red sox 777 09/04/20 3:15:43 AM #363: |
You can get better protection by selling your stocks. But if you expect the stocks to go up, it's going to be hard to make any money as long as you also hold SQQQ because SQQQ is going to be a huge drain.
--- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard!
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red sox 777 09/04/20 3:28:58 AM #364: |
Stocks go up and stocks go down. If you hold stocks, when they go up you make money and when they go down you lose money. Stocks go up more than they go down, so on average you make some money. But if you change the rewards so that when stocks go up you only make half as much and when they go down you only lose half as much, then in the long run, your total gain will be....half as much. That's what happens when you allocate half as much money to stocks vs. cash.
But hedging with deep negative EV stuff like bearish levered ETFs is more like limiting your gains to 10% of what they would be if you just held stocks, while limiting your losses to 50%. In that case you lose money on average. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard!
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neonreaper 09/04/20 8:35:32 AM #365: |
gonna channel Peter Lynch here.... if you're selling stocks for a loss, or you don't know what to do with stocks that go down, then you don't know why you bought the stocks in the first place.
--- Donny: Are they gonna hurt us, Walter? Walter: No, Donny. These men are cowards. ... Copied to Clipboard!
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neonreaper 09/04/20 8:36:10 AM #366: |
(youtube search Peter Lynch top 5 stock market investing tips)
--- Donny: Are they gonna hurt us, Walter? Walter: No, Donny. These men are cowards. ... Copied to Clipboard!
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greengravy294 09/04/20 9:13:40 AM #367: |
Honestly I'm just selling off about 1k of apple shares and taking a 60 dollar loss because I regret taking money out of my personal savings and I really shouldnt have
--- ... Copied to Clipboard!
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neonreaper 09/04/20 9:28:11 AM #368: |
unemployment dropped yea booyyyyyyy
--- Donny: Are they gonna hurt us, Walter? Walter: No, Donny. These men are cowards. ... Copied to Clipboard!
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Shadow Dino 09/04/20 10:22:28 AM #369: |
Sure hasn't helped the stocks though, everything has gone red
--- Bart, with $10,000, we'd be millionaires! We could buy all kinds of useful things like...love! ~Homer J. Simpson ... Copied to Clipboard!
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greengravy294 09/04/20 10:29:11 AM #370: |
Tech will be back. I think this is just a correction to all the massive gains
I screwed up not selling earlier like I presumed the market was going to do pre split.... --- ... Copied to Clipboard!
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TheCodeisBosco 09/04/20 11:13:49 AM #371: |
I'm not a chef, but Boyardees dips getting harder to watch.
--- The music was thud-like. The music was... thud-like. ... Copied to Clipboard!
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Nanis23 09/04/20 11:20:56 AM #372: |
neonreaper posted...
gonna channel Peter Lynch here.... if you're selling stocks for a loss, or you don't know what to do with stocks that go down, then you don't know why you bought the stocks in the first place.Isn't "because they kept going up" a good reason? --- wololo ... Copied to Clipboard!
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Lopen 09/04/20 11:22:53 AM #373: |
Nanis23 posted...
Isn't "because they kept going up" a good reason? No. --- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard!
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Lopen 09/04/20 11:30:42 AM #374: |
Most costly lesson I've learned doing this is to never buy based on graph movement alone.
"It kept going up" isn't a good reason to buy nor is "it couldn't possibly go down further" a good reason to buy Now if graph movement happens and you know why it happened and have an idea in your head whether it'll continue or stop then buy based off that but yeah, never just the movement --- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard!
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neonreaper 09/04/20 11:49:23 AM #375: |
yeah should have sold AAPL and RKT, but, it'll be fine.
--- Donny: Are they gonna hurt us, Walter? Walter: No, Donny. These men are cowards. ... Copied to Clipboard!
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Lopen 09/04/20 11:51:36 AM #376: |
I did sell Apple early yesterday which is nice because it actually dropped below where I bought it. I managed to secure $150 profit from it.
--- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard!
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Menji 09/04/20 11:55:34 AM #377: |
It's tough but we'll survive. My lesson is to secure some profits when you can.
--- Menji+ https://imgur.com/F5UEyUw | https://imgur.com/pPZsSZU Congrats to azuarc! [ https://myanimelist.net/profile/Menjii ] ... Copied to Clipboard!
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TheCodeisBosco 09/04/20 12:01:55 PM #378: |
On the bright side, I'm definitely picking up some DPZ again while it's dipping. Sold my shares for about $413 apiece recently and I'm looking to get back in. Wings and Pizza make my pull-out game WEAK
--- The music was thud-like. The music was... thud-like. ... Copied to Clipboard!
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red sox 777 09/04/20 12:16:09 PM #379: |
My travel stocks are back in the green for today. Might be too late to get into CNK or NCLH now, but I guess I still have major doubts about the long-term success of those industries.
--- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard!
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red sox 777 09/04/20 12:18:04 PM #380: |
SPCE has gone from my 3rd biggest gain to my 2nd biggest loss. I think we're down 40% in a month or so.
--- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard!
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barreldragon88 09/04/20 12:47:01 PM #381: |
How much more do you guys think TSLA can drop with its plan to sell up to 5 billion shares? Trying to figure out when would be a good time for me to buy more
--- Long live Saint Seiya!! ... Copied to Clipboard!
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neonreaper 09/04/20 1:30:33 PM #382: |
sold the remains of my MRNA stock. break even overall. think it'll be better to put that into something else next week.
--- Donny: Are they gonna hurt us, Walter? Walter: No, Donny. These men are cowards. ... Copied to Clipboard!
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greengravy294 09/04/20 1:36:58 PM #383: |
I'd personally target 300 if I wanted in on tesla i guess...
--- ... Copied to Clipboard!
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Lopen 09/04/20 1:44:12 PM #384: |
Back on NOVN at $0.35
I wish so many of my stocks weren't down I could've bought more than $400 of it and felt good. --- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard!
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greengravy294 09/04/20 1:44:48 PM #385: |
... Copied to Clipboard!
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Lopen 09/04/20 1:47:12 PM #386: |
I'm actually really impressed with TRVN. Today has massacred bio stocks and it's still above the low it was at a few days ago.
Can't wait to get my 5 digit portfolio from glorious TRVN --- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard!
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barreldragon88 09/04/20 2:00:15 PM #387: |
greengravy294 posted...
I'd personally target 300 if I wanted in on tesla i guess...Hmm that might take some time --- Long live Saint Seiya!! ... Copied to Clipboard!
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greengravy294 09/04/20 2:02:34 PM #388: |
im too afraid of tesla so my advice here isnt very helpful
--- ... Copied to Clipboard!
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Lopen 09/04/20 2:11:33 PM #389: |
My investment advice on Tesla is to wait until Tesla falls to the level you're comfortable with, then invest in TRVN at a 200:1 ratio instead.
--- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard!
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red sox 777 09/04/20 2:17:03 PM #390: |
If you want to get value out of Tesla I'd wait for $100. But if you want to ride the bubble, probably now's a good time to get in.
--- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard!
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greengravy294 09/04/20 2:39:56 PM #391: |
Lopen posted...
My investment advice on Tesla is to wait until Tesla falls to the level you're comfortable with, then invest in TRVN at a 200:1 ratio instead.Based advice --- ... Copied to Clipboard!
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Lopen 09/04/20 3:08:19 PM #392: |
I actually bought 0.02 shares of SQQQ just cause I like having a market poison detector in my portfolio. I had no idea this even existed before
Well worth the $0.50 installation fee. Why didn't I make it a quarter or less I dunno. --- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard!
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red sox 777 09/04/20 3:08:39 PM #393: |
The Dow turned green for the day. What happened? Did Congress finally reach an agreement on the stimulus?
--- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard!
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Shadow Dino 09/04/20 3:18:15 PM #394: |
Market Poison detector eh? That might not be a bad idea to try
--- Bart, with $10,000, we'd be millionaires! We could buy all kinds of useful things like...love! ~Homer J. Simpson ... Copied to Clipboard!
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red sox 777 09/04/20 3:30:26 PM #395: |
I didn't realize you could buy 0.02 of a share. If that's the case I'm considering buying tiny fractional shares of GNUS, LK, NKLA, CHK, JCP, HTZ, WLL, etc. so I can brag at dinner parties about how my portfolio is mostly meme stocks and bankrupt companies and I still made a great return.
--- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard!
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Lopen 09/04/20 3:31:31 PM #396: |
Down 7% overall to up not a day for the faint of heart
Overall a good day for me I put $500 total into NOVN/TRVN/LPCN when they bottomed out --- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard!
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Nanis23 09/04/20 4:23:28 PM #397: |
Had I actually held SQQQ and sold at 15% I would be a very happy Nanis today (I sold at pre market after employment rate looked good for a profit of like..$10?)
Every stock was red for me sadly besides $KO which I bought yesterday (still negative on it though) But it wasn't a terrible day, painful a little, but nothing like yesterday And the most important thing - it looked like there isn't going to be a crash..maybe --- wololo ... Copied to Clipboard!
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Shadow Dino 09/05/20 12:08:41 AM #398: |
https://www.cnbc.com/2020/09/04/tesla-falls-after-sp-500-adds-etsy-and-two-others-bypassing-carmaker.html
Welp. Good thing we all cashed out of Tesla! --- Bart, with $10,000, we'd be millionaires! We could buy all kinds of useful things like...love! ~Homer J. Simpson ... Copied to Clipboard!
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Moonroof 09/05/20 12:42:10 AM #399: |
Yeah we really timed that one well. Actually, we shouldve gotten it on it months ago. But better to buy late than sell late.
... Copied to Clipboard!
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Nanis23 09/05/20 5:56:08 AM #400: |
I sold TSLA at peak
Granted, I joined the party super late, but at least I knew when to quit it (Sold it at the pre-market when it was +7% or something, then they announced the stocks selling and it started to tank) Sold at 533.04, I have no idea where to check what the peak was in pre-market hours This page only lists the trading hours https://finance.yahoo.com/quote/TSLA/history?p=TSLA --- wololo ... Copied to Clipboard!
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MajinZidane 09/05/20 9:59:30 AM #401: |
... Copied to Clipboard!
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