Board 8 > Stock Topic 12

(+) Yeah! (+)

It has a great forecast, is Corona-proof, MotleyFool recommends it, and its pretty far from its peak. In fact, its near its five month low.

The chinese EV fiasco from a few days back reminds me why I dislike chinese stocks

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I reckon a bill is about to be passed removing Chinese stocks from US trading. Might not get passed though.

Palantir lol

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Friendly reminder that EVRI goes up 2% every other day, dips 2%, rinse and repeat.

I am never getting into another adventure again

Once Nasdaq dips 10% from the top, I am going long QQQ and not swing trading anything again

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Come invest in the glorious British Petrol Barons with me.

Load up on out of the money calls. We'll all be rich now that Britain has almighty Pfizer vaccine.

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Should I buy Palantir now that it's come down so hard?

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Bro...

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Palantir can still go down
I am not buying more PLTR stocks...I am defeated

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Just average down when it stabilizes? Maybe. What did you buy at?

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greengravy294 posted...

Just average down when it stabilizes? Maybe. What did you buy at?

28ish

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Here is a question do you know what Palantir even does, what their potential market is, why they're primed to grow, etc

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Lopen posted...

Here is a question do you know what Palantir even does, what their potential market is, why they're primed to grow, etc

No

Does it really matter when you just join a rally that goes for days?
This is not an investment. This is a swing trading. I don't need to know

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Nanis23 posted...

No

Does it really matter when you just join a rally that goes for days?
This is not an investment. This is a swing trading. I don't need to know

Yes, it does matter. If you are jumping in on companies when you know nothing about them, you will likely lose money on average. The more you know, the better your returns are likely to be.

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Psychology is such that if you're just betting on random numbers going up and down you're going to sell at loss more often than keep your gains.

If a stock goes down say 20% and you have no idea what the price should be, you'll probably sell out of fear
If a stock goes up say 20%, you won't necessarily sell to keep your gains, because you're making money-- greed will say "well it can keep going up" then it goes down and you're probably going to sell at a 5% gain or something.

It's better to have an idea of what the stock price will be and when and not deviate from that plan. You won't always get it right but you won't do the moonroof thing and have a good idea and then sell it too early or buy it too late.

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red sox 777 posted...

Yes, it does matter. If you are jumping in on companies when you know nothing about them, you will likely lose money on average. The more you know, the better your returns are likely to be.

As if it really mattered that Kandi cars looks like shit and they fake their sale numbers for it's rally
Penny stocks are increasing by hunderds of percentages every day when sometimes there is not even a real company behind it

Knowing the company is important for long time investing. This is not important at all for swing or day trading

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Even swing trading you can do some basic due diligence on the company. Heck even just looking into how prices move based on the rest of the market can work. Like the first time I made money on SOLO I did it because I noticed an EV fad was starting (and more important, they had recently done an offering and wouldn't do another super soon-- looking into that a bit would have likely kept you away from Kandi) and dumped a bunch of money into it figuring people would try to put money into the next EV. It had nothing to do with their product.

I could have repeated that same maneuver this time to make a ton of money but I wasn't paying attention. I did make some money with PUTS though, because hey turns out the price action was pretty similar to last time.

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Nanis23 posted...

As if it really mattered that Kandi cars looks like shit and they fake their sale numbers for it's rally
Penny stocks are increasing by hunderds of percentages every day when sometimes there is not even a real company behind it

Knowing the company is important for long time investing. This is not important at all for swing or day trading

You do realize that most (almost all) long term investors make money, while the vast majority of day traders lose money? And not just that, but most long-term investors make money within the vast majority of years as well. Go down to a quarter or even a month, and the odds are still pretty good.

If you are in a stock that is a zero sum game (i.e. the company is not actually creating value), having and using information is even more important. Your profits come directly from someone else's losses and vice versa.

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Nani, put 25% of your money into WIX and dont touch it for a year. Gamble with another 10% in BABA and dont touch it for a year. Do what you will with the rest.

BABA is probably a fine long term hold. I have alot of things I like though and dont touch and barely tell people about because I dont wanna be responsible

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Lopen posted...

Even swing trading you can do some basic due diligence on the company. Heck even just looking into how prices move based on the rest of the market can work. Like the first time I made money on SOLO I did it because I noticed an EV fad was starting (and more important, they had recently done an offering and wouldn't do another super soon-- looking into that a bit would have likely kept you away from Kandi) and dumped a bunch of money into it figuring people would try to put money into the next EV. It had nothing to do with their product.

I could have repeated that same maneuver this time to make a ton of money but I wasn't paying attention. I did make some money with PUTS though, because hey turns out the price action was pretty similar to last time.

Checking for offering is important, this is I super agree with. However it isn't fool proof
There is a shitty Israeli company symbol NNDM that did 4!!! fucking offerings in one month. This is insane and I have no idea why investors still trust them

But...that SOLO example means you agree with me so I am confused. You don't really need to know what exactly SOLO is doing. You just notice a trend

Sunroof posted...

Nani, put 25% of your money into WIX and dont touch it for a year. Gamble with another 10% in BABA and dont touch it for a year. Do what you will with the rest.

BABA is much better choice than WIX imo
But again - the only thing that never disappointed for 12 years - NASDAQ. If anything 25% of my money on NASDAQ
But after a dip
Last time I went in was at the beginning of September and there was a nice mini crash there...took me two months to recover

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red sox 777 posted...

You do realize that most (almost all) long term investors make money, while the vast majority of day traders lose money? And not just that, but most long-term investors make money within the vast majority of years as well. Go down to a quarter or even a month, and the odds are still pretty good.

If you are in a stock that is a zero sum game (i.e. the company is not actually creating value), having and using information is even more important. Your profits come directly from someone else's losses and vice versa.

Of course, long term is better. But I need to have the balls for this
I will not stomach a market crash like what happened this year. Not even half as bad

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Nanis23 posted...

Of course, long term is better. But I need to have the balls for this
I will not stomach a market crash like what happened this year. Not even half as bad

I think your problem is more with lack of information/strategy than being too fearful. What Lopen said with SOLO is NOT the same thing as FOMO. If you identify the trend early on, you make money. If you jump in at the end of the run, you lose.

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WIX is guaranteed to go up at least 25% in 12 months. BABA is at risk of being delisted to US investors.

I'd stop investing in overseas (or domestic in your case) stocks. I recall you having many losers in Israeli companies.

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A fun EV gamble is HCAC. I like the look of the Canoos though I hate the name. I have only like $800 in them at 10.60

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greengravy294 posted...

I'd stop investing in overseas (or domestic in your case) stocks. I recall you having many losers in Israeli companies.

We have some winners too, but most of them are meme stocks so..that sucks

We do have Nice though, this is probably the best dual listed Israeli stock
"Nova Measuring Instruments Ltd. (NVMI) " is also a powerhouse

sadly I am no longer holding either >_>

But yeah, when "THE DIP" happens I am so going into QQQ.
Still debating if I should put all the money in one basket and also enter into Apple, MSFT, AMZN and Google... (is there really a point because QQQ is kinda all of them together)

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Yeah if you notice a trend when your stock price has already gone up and you're not basing it off of any expectation then you don't know where the start and end points are. When do you get in, when do you get out, etc.

The more recent SOLO movement would be like this:

XPENG went up from $20 to $70 from Nov 3 to 23rd (~+250% value)
SOLO went up from $3 to $10 from Nov 3 to 23rd (~+233% value)

It's interesting because they both went up by almost identical numbers. Now how you could have exploited this is because XPENG's first big jump was to $27 on Nov 4th. If you buy Solo then it's still at $3 Solo then basically followed it's trajectory the whole time, lagged a bit behind, at every step. At that point you should sell the first time XPENG's value seems unsustainable (I'd say in the $50-$70 range seemed like too much, which is about when SOLO peaked), but frankly you could have totally missed the timing and still doubled your money easily. Wish I had, but be ready for next time.

Anyway this is totally different than buying Palatnir because it went up a few days in a row. That isn't really what I'd call noticing a trend. You don't have any expectation of when it's going to stop going up or what a fair value is or anything else. You're just buying hoping the number will keep going up.

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Nanis23 posted...

"THE DIP"

Isnt happening, it was canceled weeks ago

In my opinion.

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Though the actual thing, IRL, I've refuted was "The Crash"

Because it isn't crashing again with knowledge the public knows. If aliens invade or whatever then sure fuck I was wrong.

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Thing with Palantir was it had like a 7 day winning streak which is fairly uncommon, but led people to think it was undervalued.

The issues I've had with it were there from public offering date. I was bullish on it and then had no interest. People are afraid of executives selling off their huge vested shares when lockup ends. Was the same thing with NKLA. I think PLTR is a winner in the long term but shit I ain't touching it.

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greengravy294 posted...

Isnt happening, it was canceled weeks ago

In my opinion.

To be honest there is one thing I MUST get over with-
The feeling that I have "bad luck"

There is no such thing
The market is not "doing this to me on purpose"
It won't crash just because I entered it
I know this
And yet I can't stop thinking about this and fearing this

Fuck

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Nanis23 posted...

To be honest there is one thing I MUST get over with-
The feeling that I have "bad luck"

There is no such thing
The market is not "doing this to me on purpose"
It won't crash just because I entered it
I know this
And yet I can't stop thinking about this and fearing this

Fuck

sorry man, just liquidate down on the losers and re-evaluate

ive had some clunkers, but sometimes you gotta know to not go against the current. averaging down is fine - but uoi need conviction behind it. ive only averaged down on a few things. the other losers i either sold fast, or waited for a return to exit (boeing and wynn). wynn post exit has been stale and boeing is up like 5%

it is what it is, but im okay with being out. i think theyre winners long term, but im looking short term personally.

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I'd also not feel bad about people saying they're up alot. i personally don't believe people unless they post their positions :)

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I will post all my gains and losses. I took a few hits in my mutual funds when I moved them over to my brokerage account. This will show how much money Ive invested in each stock grand total over the course of day trading, etc.

Those are all the ones Ive sold. Im currently only holding WIX. I have $50k in it and iI up around $350.

You have two million dollars and you are picking stocks?

Just buy an effing index fund

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No. That amount is the aggregate total of how much Ive invested in stocks in and out.

Just buy Boomer stocks lol

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Welp, EVRI is officially uninvestable now. After a 10% rise, it is basically at pre-COVID levels. The only non-tech and bio stock to do it. Unreal Ive had my eye on it so long waiting for a dip, and it just kept going up.

On the year I'm up $1400 after being down $5000 at my worst.

British oil barons and Pfeizer/Nordstrom/SABR saved me. Currently sitting on 162 calls for BP with varying expiries and strikes (most of which I bought back when BP was at $19)

The gist of my gamble is I expect BP to be at $25+ by end of month so most of the calls were dirt cheap. Though I hedged with some 1/23 expiry $22 calls since I figured those are guaranteed to make money.

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Does anyone remember what happened in December 2018 that led to that infamous sell off?
This is not considered a market crash so it's barely being talked about

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oh ya my airline stocks finally giving me the kind of juice that all of you NASDAQ folks had this spring/summer

JetBlue approaching a 100% return since March and the others not far behind

All I had to do was hold AAL for six months to break even! Not worth it for me.

I bought 12/11 apple calls again

Think we good

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Sold my aapl I wanna buy amzn again soon

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