Board 8 > Stock Topic 35

(+) Yeah! (+)

I mean, I'm in SOFI and thanks to today I

*checks notes* am back to even on it

Is BBIG a hold at $4.38?

Alternatively, Im thinking of playing it safe and going long in EVRI

Man, what a turnaround in the market today. I want to believe its a good time to buy with all these consecutive red days but I really fear the bear market.

Today's rally faded hard. I feel like maybe what we need for the market to hit bottom is for the indices to finally take a major drop.

And then... Pumpruary

Holy fucking shit Netflix

Nanis23 posted...

Holy fucking shit Netflix

About time. The mega cap stocks were the only thing doing well; it's about time general economic conditions caught up with them.

I'm officially in overall losses since I started playing with stocks 1 year ago today.

Fun times.

I need to focus more on it, but work has been taking up a lot of time and mental energy lately for me to think carefully about buying and setting up stop losses and it's biting me hard.

Oh well. Hoping my long term strategy of doing DCA into a set of funds with percentages will work long term.

red sox 777 posted...

About time.

I know, right? I was bearish on them for over 2 years but they refused to turn over and die

Zachnorn posted...

I'm officially in overall losses since I started playing with stocks 1 year ago today.

Oh so I am not the only one?
I wondered how many people in the world actually managed to lose money in 2021 and it depressed me to know how much I suck :/

I did well in 2021.

2022? currently down $25k!

Nanis23 posted...

Oh so I am not the only one?
I wondered how many people in the world actually managed to lose money in 2021 and it depressed me to know how much I suck :/

All I had to do was throw money in SCHD and VOO and other good ETFs instead of playing with individual companies. Though I bought those when they were a bit high, so my ETF accounts have also lost money (but not as much as my mostly individual company stocks).

My losers are the likes of Beyond Meat, Disney, Five Below, and, despite its performance today, SOFI.

Zachnorn posted...

All I had to do was throw money in SCHD and VOO and other good ETFs instead of playing with individual companies. Though I bought those when they were a bit high, so my ETF accounts have also lost money (but not as much as my mostly individual company stocks).

My losers are the likes of Beyond Meat, Disney, Five Below, and, despite its performance today, SOFI.

I wouldn't judge things based on too short a time period. Lots of people lose a little money in stocks and it puts them off investing, as a result of which they lose out on a lot of gains in their life.

Also, I wouldn't expect things to be like either 2020 or 2021 in the future. Every year is usually different in its own way.

Oh, I know that those are all long term holds. Swing trading is fun and I've made money doing that. I reinvested it and lost those gains because I don't have the energy or time like I did before to monitor the market.

That's why I bought those companies. I believe in them in the long term. Disney isn't going anywhere, and I think they'll be fine once COVID is over. I believe in Five Below because their stores have managed to get their target audience (preteens) yet also attract adults and I notice both in the stores.

SOFI is a weird one. I believed they would go far long ago when I heard about them in like 2015, and so I was excited when they IPO'd. It's a long term hold in a sense, but also a good stock to swing trade. I think it might get more recognition as the Super Bowl comes closer for two reasons: Current hype with the bank charter, and because the Super Bowl is at SoFi Stadium which helps for name recognition.

Beyond Meat...I've accepted that I made a bet and lost. I'm holding because I need to avoid capital losses since my income is currently too low as it is to do my real goal of buying a home. That said, I think they have name recognition, despite competitors. They have good products, and if the McPlant continues to test well and become a permanent item, that will be huge. I believe they're undervalued, they are being over-shorted, and have potential to do well. I just think it will be years before my more expensive shares become profitable, or it might never happen (my most expensive share was $185, stock is at $61.42 now). Part of me wants to buy more in case the McPlant happens, but part of me also wants to stop buying and hold it until I need the money or I can accept realized losses.

I think I'm just going to buy some 2 year out TQQQ leaps and stop worrying about it.

Ow my portfolio

What a day

You can only claim 3k in capital losses per year to offset your regular income. If you have more than that you can keep using up to 3k a year until exhausted or you have gains that cancel it out.

It was kind of a joke before that I lost all my money, but I actually did pretty much lose all my money.

Sold out and bought 5 2 year out TQQQ Leaps. Just going to bet on a total sector recovery over the next year. Hopefully it recovers in the next 6 months or so and then I'll start selling calendars against it to finance other purchases.

Losing 40 grand kind of sucked

Man. I guess we took 2020-2021 COVID bull market recovery as gospel. Now its coming back to bite.

Red Sox, thats good info about offsetting income per year. So we can use losses from prior years to offset current income tax? Like, if Im down $20k in 2022, I can theoretically use that to offset through like 2025?

Moonroof posted...

Man. I guess we took 2020-2021 COVID bull market recovery as gospel. Now its coming back to bite.

Red Sox, thats good info about offsetting income per year. So we can use losses from prior years to offset current income tax? Like, if Im down $20k in 2022, I can theoretically use that to offset through like 2025?

Provided you don't have gains that offset it by then, yeah. Also I'm not certain but I think it has to be stocks or something traditionally regulated. I don't think crypto falls under the same rules.

I'm going to hedge by inb4'ing a new lost decade

Yeah ok the stock market is done

Coming across this topic for the first time; does Stock Topic 35 mean there are 34 topics before this???

If you're in a position where overall you are adding money to your investments, no need to be too upset about this. Now you can buy for a cheaper price.

HOTJaVaLaVa posted...

Coming across this topic for the first time; does Stock Topic 35 mean there are 34 topics before this???

The rebound from the COVID stock market crash was wild

There's a GME documentary premiering on January 28. Maybe it's time to buy back in.

For the market generally, at this point, what I'm looking for is panic selling in the mega caps. Maybe a circuit breaker day or two.

Nanis23 posted...

The rebound from the COVID stock market crash was wild

If not on this board, where could I see those? I'd love to go down memory lane as far as reactions to what was happening that entire time.

HOTJaVaLaVa posted...

If not on this board, where could I see those? I'd love to go down memory lane as far as reactions to what was happening that entire time.

maybe GMUNs site has the topics from 2008! Kobe went so far overboard that most people just blew him off but those were fun times

Time to short stocks? Is that how you make money during bear markets?

Don't bet against America

The market hasn't even opened yet but ow my portfolio

I wonder when the pain will end

I have lost a lot of money in one of the only stocks I own, disney

so its time to buy more disney

I bought the dip on Disney and it keeps on dipping

Anyway, I'm dropping a grand into my ETF portfolio weekly. I may also drop a grand this week into my stock picking portfolio. Though this is feeling quite painful because overall I've now lost two grand.

Im not in anything currently. Too afraid.

Also buy evolving skies booster boxes and hold them for five years. If you don't triple your money I will be a shocked pikachu

The next time I feel a big red day coming I should buy some SPY puts.

Buying puts seems to be the way to beat a bear market.

We are in the crash

I was considering selling about $2k two weeks ago for a $500 profit and decided against it. Oh well.

Small potatoes compared to you guys but my entire portfolio is less than 10k on a good day!

When only your stock is red, cry
When everyone's stock is red, buy

And here I'm trying to identify what good buy low candidates would be good as things will eventually bounce back. Tough to do when so much is red!

Disney and airlines are no brainers for me

ZM is green for the day now. I've recovered about 70% of the losses I woke up to this morning.

DoomTheGyarados posted...

When only your stock is red, cry
When everyone's stock is red, buy

What if I have both

Nanis23 posted...

What if I have both

Can't be. If everyone's stocks are red, it can't be that only yours is.

But uh, I remember you have a very large cash position. I'd say it's a good time to buy.

Green for the day. I hope this marks a turning point after the massive amounts of red recently.

Wow. Biggest midday comeback Ive ever seen.

These big intraday reversals are supposed to be markers of inflection points. Hoping we see some major green tomorrow like we haven't seen in months.

red sox 777 posted...

Can't be. If everyone's stocks are red, it can't be that only yours is.

But uh, I remember you have a very large cash position. I'd say it's a good time to buy.

Not today(hm, yesterday)
But in general

I am holding failures that dropped a lot even when the market was green. They now drop even more