Board 8 > Stock Topic 14

(+) Yeah! (+)

If you're buying long calls just buy shares imo

Buy them in 100 clumps. Sell calls when it flies at a huge premium.

I'm doing a mix of both mid duration calls and shares myself

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Wall Street Bets Saves America

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I'm a tad interested in playing amc

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Another downside to GME, AMC, etc. is you have to have the time to monitor them incessantly throughout the day. I have a busy day at work tomorrow and am not sure if Ill be able to properly navigate my way through these stocks.

If you think you need to closely monitor AMC then don't buy it, I feel no inclination lol

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I was more so talking about GME, but I do think the same will happen with AMC later.

The thing I don't like about AMC is that they were struggling even before COVID. It's only a doubling away from where it was in February 2020. This is probably a sign of extreme greed, but a 100% gain potential no longer looks that exciting to me when it's paired with high risk.

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Chris, why do you feel very confident about AMC moving forward?

Honestly? I am playing the fact that movie studios are now able to own movie chains <_<.

I think either its stock price will go up decently, or they will have trouble and be bought up by disney.

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Interesting. Its one year chart is uber volatile.

mind you my calls are for 1/23

long term play for me!

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masterplum posted...

Yeah, if a 3% loss in a blue chip bothers you, park your money in an index fund and dont look at it more than twice a year. You will lose more money being scared and touching things you shouldnt.

I thought a bit about this, and I realized that it's NOT primarily poor stock selection that makes people underperform the strategy of holding an index fund. Many people would still underperform an index fund if they invested exclusively in that very same index fund. And that is because they do not HOLD it. Buying an index fund (or a stock) is easy.....holding it and not selling out of panic or to "lock in gains" when it's not warranted is hard.

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Like, something like V or KO is probably more stable than SPY. If you can't bring yourself to hold V, I don't think you are going to be able to hold SPY either.

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Buy high and sell low is a joke until you start losing money so you sell and you see other people making money so you buy.

Sunroof asking if he should buy GME right now resulted in one of my most visceral nooooooo reactions in a long time

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GameFAQs stock to the moon


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masterplum posted...

Buy high and sell low is a joke until you start losing money so you sell and you see other people making money so you buy.

Sunroof asking if he should buy GME right now resulted in one of my most visceral nooooooo reactions in a long time

But everyone is saying it will go up!

tbf if you had gone with my super safe pick of the year you'd be up like 85% (disney)

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I have come to terms (awhile ago) that I am not comfortable holding a stock longer than a day. And if I have to hold it longer than a day, I dont want it being longer than a month. I recognize this is not ideal but it is how I am. Im not quite there yet but Im getting better at it.

Sunroof posted...

I have come to terms (awhile ago) that I am not comfortable holding a stock longer than a day. And if I have to hold it longer than a day, I dont want it being longer than a month. I recognize this is not ideal but it is how I am. Im not quite there yet but Im getting better at it.

If the the amount of money you talk about is legit, just hire a financial advisor or something and let them invest your money for you

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Sunroof posted...

But everyone is saying it will go up!

Of course they are
They are in position and it's a weekend. Best time to pump hype

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Thats what my 401k and IRA are for. This pool is money I can take out whenever I want and add to whenever I want. Plus I like learning about stocks.

Sunroof here is what you need to do.

Find like 30 stocks you trust will go up

Put $3000 in all of them. Every one of them. Across the board. No exceptions

Ignore it for a year as best you can-- if you fail when you come back things are gonna be down or up a few hundred so the change won't phase you as much so you probably will be able to hold

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The thing is what are you learning about stocks? Most of the analysis we are doing about stocks is totally useless when applied to timescales of under 1 day. If you are learning that daytrading is profitable, it's a bad lesson because it really isn't in the long run. At best, slightly profitable at rates of return far below holding blue chips in the long run.

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I will adjust my technique as the market becomes less volatile. Until then, I want to take advantage via daytrading. After, I like your suggestion Lopen.

Volatile doesn't mean day trading is a good idea.

Day trading is working for you because the last year has been historically good

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Thats what Im saying.

Once the market returns to normal, I am not going to day trade.

Sure pal

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Sort of the opposite actually. Given your stock selection and the tremendous bull market we've had, you'd have probably made at least twice as much money the past year by holding longer. If we do get into a bear market, your hit and run day trading style should outperform holding because you won't be spending much time invested in a falling market. In a flat market your style and holding should be about the same.

What you're doing is not the style of day trading that most day traders do, and the vast majority lose money at. They are gambling on stocks nearly all the time, while you are in cash most of the time.

At no point have I claimed to be skilled at trading stocks. In fact, Ive done the opposite and said that due to the virus, anyone could have had money. Ive also repeatedly said that I could have made way more money than I have, but so what? I could have lost more too. At the end of the day, Im happy with anything above $0.

Anyway, I'm happy to have bought some GME on Friday and and strongly considering buying more at open tomorrow. Regret closing out my position entirely last week during the first big surge day. Should have left at least some of my shares to see how it would progress from there.


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As long as you are happy with your investment strategy, that's what counts. Personally, I'd rather pick stocks myself than invest in an index fund or mutual fund or some fund managed by someone else. It's a lot more fun, whether or not it makes more money.

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Im ahead of my $1k/month goal (so far). It is a rewarding feeling doing it yourself.

Up too late reading r/thetagang still trying to figure out what the hell im doing with GameStop tomorrow.


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It's opening in Germany pretty soon.

If it squeezes it will be interesting how many calls are exercised early. I would expect a lot, as people will know it can't maintain a price on the moon through expiry. Plus, short sellers may need to exercise their calls to cover their shorts. We could potentially briefly see negative theta (price of call < (share price - strike price)).

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Setting my alarm for ten mins before open.

GME opens around 65 euros in Frankfurt. That's $79 dollars. Up 22% from Friday's close in New York.

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And we're already up to almost 70 euros/$85 dollars. 7 hours until open in NY.

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Ohh WSB lmao
BB and GME more than 20% in pre

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Nanis23 posted...

I went into BB after I quit from PLTR at 31.00
A small 1.5% profit when the market closed...but looks like the afters are soaring
My gamble is they get bored of Gamestop and move to another stock - Blackberry
It's a pure gamble

Got my 30% ($400, yeah small amount of money I know) thanks
Don't want to get too greedy. It might rise more but...I am good

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Gamestop +81%

This isn't real

Holy fucking shit
McDonalds workers are turning into millionaires

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I'm normally very good at controlling the FOMO but man there's a real strong part of me that wants to sell all my current holdings and do something here

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Does anyone know to answer if what WSB is doing is even legal?
https://en.wikipedia.org/wiki/Market_manipulation
I don't see anything in this article that is similar to what we see now
The closest is "pump and dump" but...it's different. This isn't a shady, behind the scenes thing, with an organized ring, but rather is a public forum of random posters that just decide to pump a stock and there is a general agreement. It's like how the market works...only public

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GME up way more than I thought itd be. Is it even worth going into at open now??

Nanis, great call on BB!

Sunroof posted...

GME up way more than I thought itd be. Is it even worth going into at open now??

It was 100% up and now only 46% so who knows

Personally I am never getting into stocks when the pre market is higher than 10%

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Oh nice. Woke up to +400 bucks from AMC.

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Pre-market is oftentimes an illusion. So many times Ive bagged my decision on what to do at open based on the pre-market trends that I ended up losing on gains. Its never been the other way around. But with that being said, I think Im still avoiding GME. Its too powerful lol

Welp as someone who doubled their entire account in one day with GNUS I can't honestly say not to buy some of these ridiculous stocks. These days I just find it much easier to do 100%+ trades with being patient on warrants.

Should have bought those AMC calls on Friday though

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https://www.marketwatch.com/story/amc-shares-soar-36-premarket-on-news-of-new-917-million-debt-and-equity-financing-2021-01-25

Oh hey AMC is actually blowing up for a reason at least

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