Board 8 > Stock Topic 12

(+) Yeah! (+)

I am totally lost on what to do
Stock techs are performing pretty meh and the bubbles refuse to burst
But they will
Someday
Maybe when I enter

Sometimes sitting on the fence is the best action

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Finally bought into EVRI. $10.93, $25k into it.

Like usual I dont follow my own advice but I think all my stock picks are winners

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I have become a hairy and fat bear

Can the market crash already

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I'm getting more and more tempted to go ahead and buy AU (the gold mining stock, not the metal itself). With each passing day it falls a few more percentage points and I'm glad I didn't get in yet. And the price seems more appealing. I think gold should do well if the market or bitcoin ever correct.

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Nanis23 posted...

I have become a hairy and fat bear

Can the market crash already

Trump just did a press conference bragging about the stock market. The market plunged within days the last couple times he did this.

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I really wanna look up what my returns would be if I just put my money into SPY in early march to today compared to all of my trades ive ever done

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greengravy294 posted...

I really wanna look up what my returns would be if I just put my money into SPY in early march to today compared to all of my trades ive ever done

It's easy to calculate unless you've been adding/withdrawing money.

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Etrade has a weird interface, but yeah

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Around 55% gains.

It's hard for me to calculate exactly since I've been steadily depositing more funds into this as the year goes on (been saving a lot more than I've ever been able to before this year due to reduced expenses), but I think I've made a little over twice as much money as if I would have if I had made the same deposits starting in March, but just bought and held SPY.

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So I called up Vanguard to get some clarification. Firstly, I am designated as a Patterned Day Trader. This allows me to buy up to four times what I have in my account. I have a little over $113k meaning my total buying power is slightly above $455k. My next question was how does borrowing margin money work. I found out that it depends on how much money you borrow, but for over $250k its like 6% annualized. So, if I borrowed $250k and sold the same day, youd do $250k times 6%, then divide by 360 (not 365). If it was borrowed for two days, youd divide by 359. Etc.

Can you imagine if I put $455k into a stock??? Even if it went up 1% throughout the day, Id make $4,500. But I am way too conservative. I would be worrying about the stock plummeting 10% in one day thus essentially halfway bankrupting me...

Sunroof posted...

So I called up Vanguard to get some clarification. Firstly, I am designated as a Patterned Day Trader. This allows me to buy up to four times what I have in my account. I have a little over $113k meaning my total buying power is slightly above $455k. My next question was how does borrowing margin money work. I found out that it depends on how much money you borrow, but for over $250k its like 6% annualized. So, if I borrowed $250k and sold the same day, youd do $250k times 6%, then divide by 360 (not 365). If it was borrowed for two days, youd divide by 359. Etc.

Can you imagine if I put $455k into a stock??? Even if it went up 1% throughout the day, Id make $4,500. But I am way too conservative. I would be worrying about the stock plummeting 10% in one day thus essentially halfway bankrupting me...

If it dropped 25% in a day it would bankrupt you.

Such a scary feeling. Its so easy to click a few buttons and forget that its real money youre putting on the line.

So i had an interesting thought and spoke with a certified person with more assets than I suppose anyone else has here (old people with pensions, and shit). It's all tied up, so I can respect their conservatism when it comes to moving money simply because it really can't be moved.

But if you're worried about the future, which you know, i get...look at the graphs forever. Ever since America became a superpower. If you think america is great, and will be great, staying out of the market is absolutely insane to me. I know people that are waiting for another stock market crash. Guess what, it isn't going to happen. Coronavirus is priced in. Cases are rising, has the market reacted? Once, like 2 months ago. Ever since then, there's just been good vaccine news, less uncertainty about america falling apart, etc.

If you think America is going to blow up, yeah, stay on the sidelines. If not, I think you're a fool to stay out. Put your money into proven stocks. Nothing ventured, nothing gained. Because at the end of the day, if you put your entire life savings into something that actually is literally too big to fail and it fails then life is going to suck regardless because there won't be an america as you know it.

which btw none of this will happen but i work with an idiot thats waiting on a crash with boat loads of money and he's just sitting on the sidelines

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no financial advice disclosed just think logically here

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Im putting $450k in Apple then!

Dont do margins lol

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400% exposure on one stock is way too high. Even SPY can fall 25%, and if you're on margin it doesn't matter that it will come back. You get margin called, your shares are sold to pay off as much of the margin loan as possible, and you are bankrupted. When the stock goes back up, whoever bought your shares is the one who makes the profit.

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So I counted and I've done 114 trades this year. And I haven't even done a single true day trade (selling on the same day as I bought). So thankful they don't charge commissions anymore, because that would have been about $800 in commissions under the old pricing!

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palantir lol

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Damn

When I mentioned going into ETF's a few days ago, I was THIS close to going into Palantir instead but decided it was just too much of a meme stock. This is quite the run.

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Imagine Citron doing so much damage by basically going "we are shorting this because we want"

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So I was telling my rich boss to buy palantir weeks ago and he was like "nah waiting for the crash" and he did today with a price target of 100.

Disclaimer: I own like 150 dollars in palantir and did not take my own advice like usual

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Lol Nikola

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Im sure itll boom up again. It always finds a way.

finally, my very first trade to buy AMD for $87 is vindicated

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For people who may be interested in Wynn, I just received a new offer from Wynn Las Vegas that is markedly better than the previous one. The offer used to be one complimentary night if I pay for a night. The new offer is 3 free nights and $100 in resort credit for nothing other than resort fee of $45 per night.

I think they are running low on customers and are trying to get people in the door.

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Shadow Dino posted...

Lol Nikola

Lol Kandi

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Aw yeah go my AMD go my apple

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Why did AMD explode like this

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Upbeat projection on 2021

Stock was diluted after the xilinx merger. Its trading roughly around 105 without the dilution.

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Whoops, sold AMD last week. Only had like five shares so no biggie.

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Another good day baby

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greengravy294 posted...

Another good day baby

I assume you are not holding meme stocks like the rest of us

RIP PLTR 2020 - 2020

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I mostly cashed out and spent a lot of money on base set pokemon cards

up 400%

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Airbnb December 9/10. Covid will probably affect this so Im not sure how well it can do at first.

Great day today! Actually, this is probably the longest run of uninterrupted green days for me that I can remember. Yesterday was red for me, but only by $21 so it doesn't feel like it even counts.

I still have a lot of my portfolio in cash after selling travel stocks and am feeling a market top so am hesitant to buy more. My biggest holdings are things that I think may not follow the secular market trends much:

SPCE (space travel)
AU (gold mining)
PSA (self storage)
SCHW (brokerage)

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Nanis23 posted...

I assume you are not holding meme stocks like the rest of us

RIP PLTR 2020 - 2020

It was a good buy like 2 weeks ago. And itll be okay in the long run too.

My entire portfolio is Apple, AMD and Amazon.

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Also I bought a little bitcoin for the first time ever. There is a fairly significant chance that this will become a big percentage loss, but my feeling is that if this were a true bubble, it wouldn't have come back after falling 85% after 2017.

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Nanis23 posted...

I am totally lost on what to do
Stock techs are performing pretty meh and the bubbles refuse to burst
But they will
Someday
Maybe when I enter

Sometimes sitting on the fence is the best action

Nanis23 posted...

I have become a hairy and fat bear

Can the market crash already

Nanis23 posted...

I assume you are not holding meme stocks like the rest of us

RIP PLTR 2020 - 2020

Are you telling me you bought PLTR at the top a week after saying the market was in a bubble and you were bearish?

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Current portfolio:

25% NET
15% AAPL
15% MICROSOFT
15% RKT
15% SQ
10% DKNG
5% misc


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I'm down a bit on pltr because the options on it were insane so I sold some covered calls.

Still down from where I bought it (28 or so?) But I think I'm still even if it ends this week above 25

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My hot stock tip is cracker barrel. It has earnings on Wednesday?

Based on what I've seen it's been absolutely jam packed all the time because it is running at full capacity when other restaurants aren't. I think it will over perform expectations.

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Ehh

red sox 777 posted...

Are you telling me you bought PLTR at the top a week after saying the market was in a bubble and you were bearish?

Weak willed bears are sad that they don't earn money while others do so they are sometimes dumb and emotional

I bought before Citron fucked me, could cash out at 12% profit but then the tweet happened. Sold for 3% profit then went back in when it closed -4%
Not sure how much I am now..probably -8% or something?

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Putting $25k into WIX. Its a website design company. Amazing forecast for those interested.

I put $50k into it. Gonna try holding for a while. Lets see if I can make it past 5%.

Wix was on my radar and I held it sometimes but it doesn't look so hot lately so...why?
Because it dropped a lot from the peak?

Did you realize it's net worth?
I know it isn't saying a lot lately with Nio getting a net worth higher than General Motors and not to mention fucking Tesla being the 6th most valuable company in the US...
Wix net worth is fucking 14 billion

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