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Thread: **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition

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08-13-2021, 08:19 AM
#6481
missed the upst train but bought 20 at 181 and sold near 200 so at least its something.
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08-13-2021, 09:01 AM
#6482
Originally Posted By Swaggod9k⏩
Fuark anyone buying todays wish dip?
Just bought about 11k USD worth of shares in Wish. Way oversold and will bounce back in a couple of weeks/months imo. Has potential to squeeze as well.
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08-13-2021, 09:39 AM
#6483
I was gonna sell poots on wish today but then looked at their earnings report and its really bad and the points carbonfire brought about this business on this page supports my reconsideration on this move of staying away


however I might still do it if it dips below 7 again, love bottom plays
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08-13-2021, 10:12 AM
#6484
RKT up 10% today on good earnings. My calls are flat… lol I'm used to it. How about that CUBT though… what a turd. just ranging and downtrending.
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08-13-2021, 10:26 AM
#6485
We buying sofi dip??
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08-13-2021, 10:32 AM
#6486
Originally Posted By kusok⏩
We buying sofi dip??
Sold some 0dte 15 puts. If i get assigned oh well. If i dont, free premium.
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08-13-2021, 10:46 AM
#6487
market is entering over extended range again.

there have been pull backs every single month so far this year

spy is going on 25 trading days without any decent pull back

imo don't go all in buying balls deep there could be cheaper entry coming





Originally Posted By Venom08⏩
RKT up 10% today on good earnings. My calls are flat… lol I'm used to it. How about that CUBT though… what a turd. just ranging and downtrending.

the phuck

did you really buy RKT calls yesterday when IV was high?

rookie move

move on RKT was right in line with options +/- implied move.
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08-13-2021, 11:48 AM
#6488
Originally Posted By TugOfPeace⏩
Closed out my calls for 400% gain. Fuark. Thinking to buy puts now..
my man that is the right way of thinking!

I did exactly that with AMC lol when they had the run up lol
"Paper money is going away" - EM
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08-13-2021, 12:08 PM
#6489
Originally Posted By TugOfPeace⏩
I'm a bit skeptical of buying puts on UPST though, I have a hunch that their recent ER created a lot of long holders. Got a feeling that support will be stiff and puts won't be that profitable.. this thing still has room to grow too, given the price targets out there now. Theta decay will kill me quick on puts if this thing doesn't drop quickly in the short term. It would have to drop as fast as it rose..

I think Carbon was right regarding past run ups, those were flukes which is why there was such a strong selloff, but now.. not sure that's the case, even though momentum is still high right now. Time will tell I suppose.

If I do buy, it will be far OTM, like $175 or so
You can always short shares instead if worried about theta.
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08-13-2021, 12:15 PM
#6490
Originally Posted By Arem24⏩
Is Palantir a good stock to own?

Asking for a friend.
Yes
He/Him/Bro
Let's go Brandon!!
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08-13-2021, 12:57 PM
#6491
upst strong close. 220s next week.
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08-13-2021, 01:36 PM
#6492
SEC shelved banning PFOf for now.


HOOD stock goes up immediately after it was on the news
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08-13-2021, 01:56 PM
#6493
Originally Posted By roughinhouse⏩
You can always short shares instead if worried about theta.

this will end well

inb4 tuggie gets squeezed into oblivion
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08-13-2021, 02:04 PM
#6494
Originally Posted By mikusk⏩
this will end well

inb4 tuggie gets squeezed into oblivion
You can always put a stop loss on what you're willing to risk, unless it booms overnight then you're screwed.
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08-13-2021, 03:06 PM
#6495
Originally Posted By TugOfPeace⏩
I was browsing UPST stocktwits page and it's full of bears that shorted it way back, they're super upset lol
Lmao @ shorting a company that only has tailwind. where do ppl get these ideas?
Spoiler alert; you die at the end.
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08-13-2021, 03:08 PM
#6496
UPST FOMO is strong rn…considering getting in and trying to play this run up
Founder of "Prime Minister" (srs)

Founder of "Always Picks 2 Crew" (srs)
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08-13-2021, 03:15 PM
#6497
Originally Posted By A1lthatrema1ns⏩
UPST FOMO is strong rn…considering getting in and trying to play this run up
Have a gander @ Doximity….. Similar situation: newish IPO, profitable AF, revenue growth through the roof, founder-led, unlimited scalability.
Spoiler alert; you die at the end.
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08-13-2021, 10:54 PM
#6498
Originally Posted By HMFIC_BROWSIN⏩
Have a gander @ Doximity….. Similar situation: newish IPO, profitable AF, revenue growth through the roof, founder-led, unlimited scalability.
nice. I actually have a position in this at 56. only 30 shares though wish i sized more.
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08-14-2021, 05:04 AM
#6499
Originally Posted By roughinhouse⏩
nice. I actually have a position in this at 56. only 30 shares though wish i sized more.
Gjdm.

I'll probably add another 100 shares soon.

Currently 100 @ $77.
Spoiler alert; you die at the end.
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08-14-2021, 04:25 PM
#6500
Originally Posted By HMFIC_BROWSIN⏩
Have a gander @ Doximity….. Similar situation: newish IPO, profitable AF, revenue growth through the roof, founder-led, unlimited scalability.

Maybe too late now? Already almost 100% up since IPO…
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08-14-2021, 06:46 PM
#6501
Originally Posted By kusok⏩
Maybe too late now? Already almost 100% up since IPO…
UPST was up 150% from IPO when I bought it at $66.

see user title.
Spoiler alert; you die at the end.
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08-14-2021, 07:35 PM
#6502
thoughts on gpro? I'm seeing more and more people buying then, earnings were great and now the stock sold off and is back to where it was before earnings lol.
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08-15-2021, 06:29 AM
#6503
Originally Posted By TugOfPeace⏩
Do you do any reading on technical analysis or options? I have some books that go deep into options pricing and it's pretty interesting seeing the calculus (literally) behind it.

I've always wanted to broaden my understanding of the financial world but am debating whether to delve deeper into trading strategies or start out with some economics. Maybe both.
I have. Technical analysis seems like it worked easily in the 1970s/1980s. There's a lot of technical traders in the 'market wizards' series of interviews. I'm a lifetime loser on technical plays; I think the vast majority of techies are.

I don't do options, why should I? Just a headache that appears to be a zero-sum game after you factor in how much mental energy goes into it.

Brain dead obvious stocks: revenue growth, scalability, founder is CEO …. Simple af.

Buy without margin. As of today I'm averaging 40% over the last 4 years just doing that (thanks upst LOL). Sitting on your hands is easy this way

Last thing: sit with a compound interest calculator and learn how fuarkin powerful it is.

$1,000 today @40% annual gains would be $700,000,000 in 40 years lmao. @20% (Buffett's average) it would be $1,470,000

Be reasonable about your annual expectation with the understanding that a long runway is the key.
Spoiler alert; you die at the end.
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08-15-2021, 07:50 AM
#6504
Originally Posted By TugOfPeace⏩
Do you do any reading on technical analysis or options? I have some books that go deep into options pricing and it's pretty interesting seeing the calculus (literally) behind it.

I've always wanted to broaden my understanding of the financial world but am debating whether to delve deeper into trading strategies or start out with some economics. Maybe both.
JFL @ Books

Just buy PLTR
He/Him/Bro
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08-15-2021, 09:26 AM
#6505
Originally Posted By HMFIC_BROWSIN⏩
I have. Technical analysis seems like it worked easily in the 1970s/1980s. There's a lot of technical traders in the 'market wizards' series of interviews. I'm a lifetime loser on technical plays; I think the vast majority of techies are.

I don't do options, why should I? Just a headache that appears to be a zero-sum game after you factor in how much mental energy goes into it.

Brain dead obvious stocks: revenue growth, scalability, founder is CEO …. Simple af.

Buy without margin. As of today I'm averaging 40% over the last 4 years just doing that (thanks upst LOL). Sitting on your hands is easy this way

Last thing: sit with a compound interest calculator and learn how fuarkin powerful it is.

$1,000 today @40% annual gains would be $700,000,000 in 40 years lmao. @20% (Buffett's average) it would be $1,470,000

Be reasonable about your annual expectation with the understanding that a long runway is the key.


Notsureifsrs


They’re not that complicated. Sounds like you had a negative experience.

If you’re averaging 40% year after year then keep doing what you’re doing though.
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08-15-2021, 09:32 AM
#6506
Originally Posted By lntense⏩
They’re not that complicated. Sounds like you had a negative experience.
Just reading this thread is evidence enough.

I've never bought/sold a single option. Watched some tutorials on it and was just like……. nah.
Spoiler alert; you die at the end.
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08-15-2021, 09:53 AM
#6507
Originally Posted By HMFIC_BROWSIN⏩
I have. Technical analysis seems like it worked easily in the 1970s/1980s. There's a lot of technical traders in the 'market wizards' series of interviews. I'm a lifetime loser on technical plays; I think the vast majority of techies are.

I don't do options, why should I? Just a headache that appears to be a zero-sum game after you factor in how much mental energy goes into it.

Brain dead obvious stocks: revenue growth, scalability, founder is CEO …. Simple af.

Buy without margin. As of today I'm averaging 40% over the last 4 years just doing that (thanks upst LOL). Sitting on your hands is easy this way

Last thing: sit with a compound interest calculator and learn how fuarkin powerful it is.

$1,000 today @40% annual gains would be $700,000,000 in 40 years lmao. @20% (Buffett's average) it would be $1,470,000

Be reasonable about your annual expectation with the understanding that a long runway is the key.
While you're right about compound interest being powerful, you're going to average 12% per year for the rest of your life, much less 40%, homie
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08-15-2021, 10:41 AM
#6508
Originally Posted By imbeingcereal⏩
While you're right about compound interest being powerful, you're going to average 12% per year for the rest of your life, much less 40%, homie
That's my point lol.

The rule of 72 dispells any idea that optioncels think they're going to triple their money on any consistent basis.
Spoiler alert; you die at the end.
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08-15-2021, 11:05 AM
#6509
Originally Posted By HMFIC_BROWSIN⏩
I have. Technical analysis seems like it worked easily in the 1970s/1980s. There's a lot of technical traders in the 'market wizards' series of interviews. I'm a lifetime loser on technical plays; I think the vast majority of techies are.

I don't do options, why should I? Just a headache that appears to be a zero-sum game after you factor in how much mental energy goes into it.

Brain dead obvious stocks: revenue growth, scalability, founder is CEO …. Simple af.

Buy without margin. As of today I'm averaging 40% over the last 4 years just doing that (thanks upst LOL). Sitting on your hands is easy this way

Last thing: sit with a compound interest calculator and learn how fuarkin powerful it is.

$1,000 today @40% annual gains would be $700,000,000 in 40 years lmao. @20% (Buffett's average) it would be $1,470,000

Be reasonable about your annual expectation with the understanding that a long runway is the key.
'

This line "Brain dead obvious stocks: revenue growth, scalability, founder is CEO …. Simple af."

convinced me to buy GPRO. Gonna buy 200 shares on Monday and check on it in 3 years.
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08-15-2021, 11:10 AM
#6510
Originally Posted By HMFIC_BROWSIN⏩
That's my point lol.

The rule of 72 dispells any idea that optioncels think they're going to triple their money on any consistent basis.
Reps for knowing rule of 72. I doubt more than 5 other people who have ever responded to this thread know about it.
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