Board 8 > Stock Topic 22

(+) Yeah! (+)

Its interesting. These topics focus almost exclusively on stocks (and other investment types to a much lesser degree) so it becomes easy to think of them as the end-all be-all for peoples wealth. Its easy to totally forget that jobs and other means of income not only exist, but are responsible for a majority of ones wealth. There is likely a correlation between how much time people invest in stocks versus how much wealth they accrue outside of stocks.

As far as I go, I never would have thought wed be 22 topics deep about stocks and Id be up $50k in under a year. While it sucks to know that the $50k could be literally 20x higher if I had done things better, Im not going to be upset at what Ive gained doing almost no work aside from reading these topics. I would like to get better at trading stocks but it doesnt seem worth it to me based on how Ive done thus far doing what Ive done.

I mean my objective is to eventually quit/cut back my real job and live off stock income but im still a little bit away from that

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The super rich people make money off their stocks, for sure. But it takes a lot of money to get there. Takes money to make money.

StartTheMachine posted...

Even if AVCT doesn't make me a millionaire in the next couple years, I'm eternally grateful for having to hold it red for 4 months to help me not turn into a Moonroof. Turning off emotions is the best thing.

I've held ITHUF and Lucken Coffee for about a year. Yeah I feel like a putz sometimes, but I really don't want the emotional rollercoaster of gambling with these stocks every day.

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Yeah. I was forged by the flames of ATHX and TRVN. They didn't make me nearly as much money as AVCT but you know, the idea is the same. I held through huge losses on them until they went green again.

Anyway let me tell you why you lost money. Holding isn't all just having mental deadness to not care if your money goes down a lot. There's a bit more to it.

Step one, and the one you tend to lose money on, Sunroof, is know why you're in the stock to begin with. If you're buying just because of a graph or an empty price target you will always panic sell. Prices move all the time for no reason. They'll go up, they'll go down. Going down a bit is much more powerful psychologically than going up a bit. If you don't know why you're in it you're going to lose. Random variance is going to make you lose money. Realistically nothing has changed from when you bought BigT vs when you sold it, but you sold it. Why? Because the price went down on a day the whole market went down? Doesn't that seem dumb to you?

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What stock holdings would be enough for you to do that, Cole?

I would need an INSANE amount of stock holdings to justify that, to the point that making my annual income no longer impacts the balance much even if i contributed all of it to the stocks every year

Just being able to generate my annual income from the stock holdings wouldn't be nearly good enough, because then the balance probably wouldn't grow over time since it has to support me, which is very bad for long term financial security, and catastrophic if something goes wrong to damage the value of your holdings.

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Some people are able to not care or think about their investments for long periods of time, others struggle more with that. I fall into the latter category, but I do enjoy the rush it brings too. Overall, its not something I want to be doing for the rest of my life by any means.

CoolCly posted...

What stock holdings would be enough for you to do that, Cole?

I would need an INSANE amount of stock holdings to justify that, to the point that making my annual income no longer impacts the balance much even if i contributed all of it to the stocks every year

Just being able to generate my annual income from the stock holdings wouldn't be nearly good enough, because then the balance probably wouldn't grow over time since it has to support me, which is very bad for long term financial security, and catastrophic if something goes wrong to damage the value of your holdings.

I make around 100k a year. I can easily live off 50k.

If i was making 100k from stocks a year consistently I would probably be comfortable making the switch. I would use half my gains for myself and half to reinvest.

Assuming a 10% return (somewhat conservative) it would probably be around 1 million. I would probably wait till closer to 1.5 million though.

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Honestly I'm close to feeling like I could do that now through abusing covered calls and I only have like 40k in stocks

All about the strategies you pick. Definitely don't feel like I'd need anywhere near 1 million to do it. Then again my cost of living is nowhere near 50k either so that is part of it too.

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Sunroof posted...

Some people are able to not care or think about their investments for long periods of time, others struggle more with that. I fall into the latter category, but I do enjoy the rush it brings too. Overall, its not something I want to be doing for the rest of my life by any means.

Not thinking or caring about investments is not a good way to make money. You can care and think about it and not be constantly jumping in and out of positions.

And it takes a LOT of capital to where your investments are consistently generating more gains for you than your work. Like, in a bull market you may do very well but if a bear market comes, unless you have a lot of capital to ride it out, you'll be glad you have a job.

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red sox 777 posted...

Not thinking or caring about investments is not a good way to make money. You can care and think about it and not be constantly jumping in and out of positions.

And it takes a LOT of capital to where your investments are consistently generating more gains for you than your work. Like, in a bull market you may do very well but if a bear market comes, unless you have a lot of capital to ride it out, you'll be glad you have a job.

Agreed. And that is why I do not intend on relying on the stock market ever. I view it as a supplement to my income.

Colegreen_c12 posted...

I make around 100k a year. I can easily live off 50k.

If i was making 100k from stocks a year consistently I would probably be comfortable making the switch. I would use half my gains for myself and half to reinvest.

Assuming a 10% return (somewhat conservative) it would probably be around 1 million. I would probably wait till closer to 1.5 million though.

It would depend on how much money youre playing with. Earning $100k/year in stocks is very hard to do if youre playing with $50k, for example.

I fully anticipate DNN to be -20% at some point tomorrow. Stocks that have meteoric rises dont go down big two days in a row and then up big on the third. I should have waited until tomorrow to invest but that would have tarnished my streak of bad decisions today. But I will hold, hold, and hold until this stock gets a big jump. I reckon it will happen.

AVCTW afterhours

Apparently it's completely from people buying the wrong stock. If you're in on this I suggest selling tomorrow and getting back in. I unloaded 10k of my shares but stupidly didn't check the chart. It went all the way up to 1.40. Could see it go to 2 or something tomorrow.

Will update if this movement is based on anything meaningful. But for now, it doesn't seem to be. Yay free money!

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It's wonderful how this thing always runs from other stocks in foreign markets having the same ticker. Literal definition of free money.

This has more than made up for FPVD drama in my portfolio, let's gooo

E: Alternatively you could always take profits now to be safe. I took some already.

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I think a million would probably be enough to survive. The usual retirement guideline is you can spend 4% of your money every year, so with a million you could spend 40k. I could probably live on 40k.

But, it would be really uncomfortable to hit a bear market early on before the million has grown very much. Imagine losing 50% in a market crash - now you're going to be very nervous without a job.

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Huh, if the "mistake purchases" have already happen, wouldn't we expect AVCTW to fall back to normal in the morning?

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CoolCly posted...

Huh, if the "mistake purchases" have already happen, wouldn't we expect AVCTW to fall back to normal in the morning?

I sold over 50% of my holding in case, but we think Atlus group is pumping the stock and it could very well continue pre-market tomorrow. Selling before market open though imho

Thank you universe for blessing me with free money

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Seems like more than a case of mistakenly investing in the wrong ticker...

So yeah to clear things up, it's more than likely actually an Atlus pump and not the news from Avacta group (the other AVCT stock this gets mistaken for). The Avacta news was from earlier this morning and didn't do anything here. The Atlus group mentioned the stock at 5:08 today in their discord and 5:10 is when the run started. Someone's trying to buy 41,000 shares right now AH at .91. Something tells me I'll regret selling the 27k of shares I did by the middle of pre-market tomorrow morning, but had to be safe I secured some profits off a run happening for no reason.

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The 42k buy at .91 is suspicious but like...it's a single buy. There was just a 600k buy in the .60s AH like a week ago - THAT is a tute/insider buy. I don't think we're getting news here tomorrow. I'll be watching very closely all pre-market to try and rebuy more immediately if we do. If that happens, I'll be disappointed in myself for not holding and selling at prices lower than what this hit back in January, but ah well

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Goddammit why didn't I sell until tomorrow holy shit

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Yeah coming back to reality again a bit. Ehh this manipulation stuff is dumb. Imho we'll get .60s again soon and I'll save my big buys for that. Then we all get rich during the call in March, as per the plan.

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I have 2k shares and set 1000 to sell at $1 and 1000 to sell at $1.35, is this too greedy or not greedy enough (my broker can't sell afterhours past 530est so i have to wait until the premarket)

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Dang, if onlY my order went through last week.

CoolCly posted...

I have 2k shares and set 1000 to sell at $1 and 1000 to sell at $1.35, is this too greedy or not greedy enough (my broker can't sell afterhours past 530est so i have to wait until the premarket)

Premarket tomorrow? I'd say those are good prices to sell a pump and dump. If there's actual news we don't know about, that's definitely not greedy enough.

For what it's worth, someone on the discord couldn't even sell because his broker detected clear market manipulation and it wouldn't let him. The price was going up way more than the volume warranted it looks like, so they're just manipulating it.

Again give me the real movement and institutional investors flocking back in who sold in August, not this pump stuff.

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I sold all my warrants for $0.90 into the pump for a cool $1500

I'll reload em later when it drops back down to $0.70

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PVDG still seeing a bullish pennant perhaps on the daily chart. I think it has a good chance to go up soon. MACD is also looking potentially ready for a pop

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I only have 100 of these cloud warrants, guess its time to sell

e: 1,000

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doubled my munneys nice

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Where'd you sell neon. I have a limit order set to sell at 2. Wish I hadn't unloaded so many yesterday.

We've seen these pumps on AVCT before and everyone is buying warrants, not commons. Pretty clearly a PnD to me and not organic movement. Damn I wish I had 66,000 warrants again and not only 20,000.

An actual organic movement can send these well over 3 though, so as long as it goes back down for me to load, I think we'll be good come the March call

E: Obviously very speculative and it depends on what they announce during the call. 2 again to 3 seems pretty realistic. Hoping to load in the .70s, possibly .80s if it doesn't drop much the next week, can't be stingy again. Wouldn't be surprised to see a drop after ER though but before the call. Call is after ER based on what they've currently said.

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Big buys still coming in, hoping I can unload a bit higher.

Damn guys I could have had my 100k plus trade if I hadn't been stubborn with buying more! Glad I bought 10k more shares in the .60s though. Plan was to load over 50k shares in the .50s for a total between 80k and 100k, shame.

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I sold at 1.20. I know we were holding this for longer but I wanted a win and need to start reducing positions.

I didn't put in any sort of limit for ATNF and had meetings on Monday so now I'm holding those for a bit without a plan, which is shameful. shame on me!

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That's a good sell probably. My historically terrible timing with AVCT continues 98% positive this is just a pump though, not too worried about missing out on the real action. I think it started with a pump, but this stock has seen 50 million volume in a single day back in August. I think Atlas got the ball rolling, and people who have been watching this sleeping giant forever waiting for something interesting to happen came back for some gains. I'm sure there's plenty of bagholders out there who bought the day warrants went to 2 too who may be averaging down and trying to get out with profits

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Been buying more space companies. Now have SPCE, SRAC, HOL, NPA, MAXR, SFTW, and GILT. 4 of these are SPACs in the stage where they have announced a merger but haven't yet merged. There's a lot of space companies going public through SPAC recently.

Also bought DCRB - they are merging with Hyzon, a fuel cell trucking company that looks a lot like NKLA but hopefully actually has a working product.


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Finally a green day again! Also, BTC hit a $1 trillion market cap.

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Added some to my position in pvdg.

Also started another penny play in apty. Bullish flag pattern forming on the daily chart, bollinger band starting to creep up as well

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Tempted to dump fpvd now that it's recovered a little. It definitely was a greed stock buy and losing $400 on it doesn't seem like the worst.

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I can't believe moonroof sold at the bottom still

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Goddamn, trying to move to Schwab. Compared to it, RH is like baby's first stock app. Which isn't necessarily a bad thing I guess.

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masterplum posted...

Tempted to dump fpvd now that it's recovered a little. It definitely was a greed stock buy and losing $400 on it doesn't seem like the worst.

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I can't believe moonroof sold at the bottom still

If you look at the volume, he wasn't the only one. A lot of people sold at the bottom.

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Got a long call on SPCE

Let us prosper together comrade Red Sox

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So reupping my last question from before, but worded a little better:

Is anyone looking at any high ceiling stocks right now? Maybe something you've heard some buzz about on Reddit/Twitter but are currently doing your own research on? I have a bunch of liquid cash that I was going to use on the Coinbase IPO, so I'm looking for a starting point to explore.

GameStonk posted...

So reupping my last question from before, but worded a little better:

Is anyone looking at any high ceiling stocks right now? Maybe something you've heard some buzz about on Reddit/Twitter but are currently doing your own research on? I have a bunch of liquid cash that I was going to use on the Coinbase IPO, so I'm looking for a starting point to explore.

NET

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red sox 777 posted...

If you look at the volume, he wasn't the only one. A lot of people sold at the bottom.

Which I think is honestly why we can make money. There's just people out there that can't stop buying high and selling low.

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GameStonk posted...

So reupping my last question from before, but worded a little better:

Is anyone looking at any high ceiling stocks right now? Maybe something you've heard some buzz about on Reddit/Twitter but are currently doing your own research on? I have a bunch of liquid cash that I was going to use on the Coinbase IPO, so I'm looking for a starting point to explore.

High Ceiling safe or unsafe?

WBA could realistically double in a few years and is a nice dividend stock.
TTCF could potentially 5x in a few years (although i'm thinking maybe a more conservative 2x) but is a little riskier
DNN could potentially 3-5x within a year but is somewhat risky

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Colegreen_c12 posted...

High Ceiling safe or unsafe?

Unsafe-ish

I see too many charts of stocks at $2 for the past year rocketing up to $8 in a month and now I am getting envious.

What exactly does high ceiling mean? Like high market cap or high growth potential? Most of my stocks are the latter, idea being to make them less risky by spamming fairly far out of the money covered calls.

High market cap I've got Apple and Disney (both of which I legit think will be 150% value+ in the coming two years) calls.

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Lopen posted...

Got a long call on SPCE

Let us prosper together comrade Red Sox

Yesterday's NASA Mars landing fills me with hope.

On another note, I should start daytrading GME. It feels like it's done the same exact pattern for like 2 weeks - go up in the morning after open, then sink through most of the day. It'll probably change patterns as soon as I start daytrading it of course.

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Lopen posted...

Like high market cap or high growth potential?

The latter

red sox 777 posted...

Yesterday's NASA Mars landing fills me with hope.

On another note, I should start daytrading GME. It feels like it's done the same exact pattern for like 2 weeks - go up in the morning after open, then sink through most of the day. It'll probably change patterns as soon as I start daytrading it of course.

Yeah, this is what happened when I threw a bunch of money at IEAWW thinking the pattern would continue. And I'd rather try to day trade something with less volume if it's repeating a pattern.

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