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

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05-03-2021, 04:49 PM
#91
Originally Posted By Travis99⏩
Well bros I may be the worst investor on the misc. It seems as though I can't pick a winner, I have no idea what to do with this and I'm about to just call it quits, and I'm not that type of person, but it seems no matter what I do I can't fix this. I'm down. $5000 of my own money, not profits from stocks, money I had saved from working. I really need to do something because I just feel I can not make a single decision that helps and doesn't hurt.

This is my account as of today. All I wanted to do was be smart with my money and make it work for me, but apparently I'm an idiot.

What can I do to get out of this funk?




None of that is actually on margin, it just defaults to that when I buy. I'm still sitting on about 3k cash.
You have three options:
Sell covered calls even if they’re dog chit and just wait
Sell for a big loss
Walk away for a year. Ded fkn srs


Here’s what happened to me in March.

https://imgur.com/a/25DIHqR

See that peak to trough? That was a real fkn tough pill to swallow, especially if you knew just how much that was that I “lost” in a single week… I did a combo of adapt my trading style and wait to get back to where I am today. Some stuff still hasn’t recovered (looking at you, every single ARK ETF…) but I’m just writing dog chit call after dog chit call on those lol
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05-03-2021, 05:41 PM
#92
Originally Posted By TugOfPeace⏩
That is a GUH moment right there

Edit: not because you did anything wrong like gamble on earnings, but because of the reaction to seeing that kind of loss
You are 100% right lol. I was pretty numb for a bit tbh
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05-03-2021, 05:54 PM
#93
Originally Posted By Travis99⏩
Well bros I may be the worst investor on the misc. It seems as though I can't pick a winner, I have no idea what to do with this and I'm about to just call it quits, and I'm not that type of person, but it seems no matter what I do I can't fix this. I'm down. $5000 of my own money, not profits from stocks, money I had saved from working. I really need to do something because I just feel I can not make a single decision that helps and doesn't hurt.

This is my account as of today. All I wanted to do was be smart with my money and make it work for me, but apparently I'm an idiot.

What can I do to get out of this funk?




None of that is actually on margin, it just defaults to that when I buy. I'm still sitting on about 3k cash.
The bulk of your losses are on ARKG which will almost assuredly rebound if you give it time. I agree with the other boyos who are saying to trim your positions a bit, that's alot of stocks spread pretty thin.
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05-03-2021, 05:57 PM
#94
Originally Posted By topperstyle⏩
The first time you diamond hands and it works out has got to be the best feeling.

Know what you hold, but also never forget who’s in charge of the big levers and sometimes you just have to wait for them to give the green light.
This. I was -60% on GRAF+ in August 2020 and had my entire account balance in it, held through August into September and ended up selling for a 7K gain.

…..currently going through the same ordeal with IPOF+ lol youd think I would have learned.
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05-03-2021, 06:00 PM
#95
Originally Posted By Heaney⏩
The bulk of your losses are on ARKG which will almost assuredly rebound if you give it time. I agree with the other boyos who are saying to trim your positions a bit, that's alot of stocks spread pretty thin.
I would not bet on ARKG rebounding… You need a near 50% increase to breakeven on your loss.

ARK's entire investment model is based on inflows. They don't give a chit about valuations and that's why they predict ridiculous numbers. Inflows is the reason why their funds got so high. Now imagine what happens when inflows inevitably turn to outflows…
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05-03-2021, 06:08 PM
#96
Originally Posted By bibimbape⏩
I would not bet on ARKG rebounding… You need a near 50% increase to breakeven on your loss.

ARK's entire investment model is based on inflows. They don't give a chit about valuations and that's why they predict ridiculous numbers. Inflows is the reason why their funds got so high. Now imagine what happens when inflows inevitably turn to outflows…
This.

Year to date arkk funds are down -3 percent. While SP is up 12%.

Maybe they know something that others don't but it sure doesn't look like it, they just keep buying stocks that are going down.

How much phucking COIN do they need.

It also doesn't help that ARK get so much media attention.
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05-03-2021, 06:26 PM
#97
How the heck do people hold more than 20 stocks! Only currently have two.

SFT & BFLY.

I bought PLTR for a earnings play, let's see what happens.

Looking to go ball deeps in PSFE, CCIV & NIO at some stage but this market isn't going anywhere for a month.
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05-03-2021, 06:38 PM
#98
Originally Posted By Travis99⏩
Well bros I may be the worst investor on the misc. It seems as though I can't pick a winner, I have no idea what to do with this and I'm about to just call it quits, and I'm not that type of person, but it seems no matter what I do I can't fix this. I'm down. $5000 of my own money, not profits from stocks, money I had saved from working. I really need to do something because I just feel I can not make a single decision that helps and doesn't hurt.

This is my account as of today. All I wanted to do was be smart with my money and make it work for me, but apparently I'm an idiot.

What can I do to get out of this funk?




None of that is actually on margin, it just defaults to that when I buy. I'm still sitting on about 3k cash.
I couldn’t see the photo, was blurry on my phone.

Try sticking to 1-3 stocks that you know and also have value long term. Study how they trade somewhat and swing trade them until you build some capital. Doesn’t work so well in this market lol, but it’s how I built enough to actually start being able to make any money in the market. Have to find what works for you.
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05-03-2021, 07:00 PM
#99
Originally Posted By Casser1242⏩
How the heck do people hold more than 20 stocks! Only currently have two.

SFT & BFLY.

I bought PLTR for a earnings play, let's see what happens.

Looking to go ball deeps in PSFE, CCIV & NIO at some stage but this market isn't going anywhere for a month.
What do you expect to happen at earnings?
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05-03-2021, 07:42 PM
#100
Originally Posted By RoyalRyy⏩
What do you expect to happen at earnings?
Itll probably be profitable and then tank anyway since it always tanks on good news.
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05-03-2021, 07:48 PM
#101
Originally Posted By RedSox1990⏩
Itll probably be profitable and then tank anyway since it always tanks on good news.
Hasn’t been profitable in 20 years or whatever but ok
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05-03-2021, 08:31 PM
#102
Originally Posted By Schnitzl⏩
das not it boys



Grabbed a couple of thousand bags @ $3.1 each
So anyway, hopefully some of you jumped on the bandwagon of this as it's trading at $7.44.

Here's the fun - They just started drilling 6-1 which is expected to give a better idea of whats underneath but the first well(6-2) showed 660 feet of oil and natural gas indicators which is over 30% more than they expected(400 feet).

The results from well 2 will be in June but CNN just had an article last night on their frontpage about RECAF. I'd put in about 50% now and average down if it drops to the 6 range, strong support was around $5 last time.

Their initial research was based on 120 billion barrels from 12% of the land they own in Namibia but 660ft should be between 150-200 billion barrels. Of course this is not all recoverable but even if they can recover 20, that would shoot the stock over three digits over the years.

Still a bit of a gamble but risk has been severely lowered since the first holes successful results.

There's been wild speculations from $24 in the near future to four digit prices in 5-10 years but I just like the stock.

Because they are going to acquire Renaissance Oil (RNSFF) at 0.046 conversion rate, it's better to buy this one in OTC markets if you have access as the merge ratio favours Renaissance Oil currently but in a couple of years it won't really matter.
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05-03-2021, 08:36 PM
#103
Originally Posted By Travis99⏩
I refuse to sell my ARKG at a loss. Guess I’ll just hold until I die.

You can only sell monthly CC and the premium is complete chit. Cathy is bending me over and going in raw.
I'm down 14.62% with ARKK. As soon as I break even (if it ever happens) I'm selling this crap and buying QQQ.
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05-03-2021, 08:39 PM
#104
Sup lads
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05-03-2021, 09:18 PM
#105
Ark is buying COIN because of cryptos long term value, Bitcoin and ethereum.

Once COIN fear of buying in settles down (IPO disaster) and adds the ability to buy and sale stocks, the chit will go through the roof.
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05-03-2021, 09:53 PM
#106
In. Fukking PLTR and VACQ holding me back at the moment. Bring on earnings… it'll probably tank even more.
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05-04-2021, 12:09 AM
#107
Originally Posted By Travis99⏩
Well bros I may be the worst investor on the misc. It seems as though I can't pick a winner, I have no idea what to do with this and I'm about to just call it quits, and I'm not that type of person, but it seems no matter what I do I can't fix this. I'm down. $5000 of my own money, not profits from stocks, money I had saved from working. I really need to do something because I just feel I can not make a single decision that helps and doesn't hurt.

This is my account as of today. All I wanted to do was be smart with my money and make it work for me, but apparently I'm an idiot.

What can I do to get out of this funk?




None of that is actually on margin, it just defaults to that when I buy. I'm still sitting on about 3k cash.
Park everything in VOO. SERIOUS

SRET is also a good cheap EFT
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05-04-2021, 01:25 AM
#108
Buying PRPO this morning. Hope I don't get burned
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05-04-2021, 02:59 AM
#109
Originally Posted By Travis99⏩
Well bros I may be the worst investor on the misc. It seems as though I can't pick a winner, I have no idea what to do with this and I'm about to just call it quits, and I'm not that type of person, but it seems no matter what I do I can't fix this. I'm down. $5000 of my own money, not profits from stocks, money I had saved from working. I really need to do something because I just feel I can not make a single decision that helps and doesn't hurt.

This is my account as of today. All I wanted to do was be smart with my money and make it work for me, but apparently I'm an idiot.

What can I do to get out of this funk?

None of that is actually on margin, it just defaults to that when I buy. I'm still sitting on about 3k cash.
I did the same mistake (I'm still new to this) but I focused on getting ONE stock out the hole at a time - like other have said, focus 2-5 stocks tops cause more than that is hard to manage.

also imo don't be afraid to lose a few $$$ if that give you flexibility to get in a better investment - for example I lost a chunk of $$ with MARA but then I moved the $$ into ETH and recovered the lost money pretty fast.

again, still learning but that is what worked for me.
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05-04-2021, 03:37 AM
#110
Originally Posted By camaleom⏩
I did the same mistake (I'm still new to this) but I focused on getting ONE stock out the hole at a time - like other have said, focus 2-5 stocks tops cause more than that is hard to manage.

also imo don't be afraid to lose a few $$$ if that give you flexibility to get in a better investment - for example I lost a chunk of $$ with MARA but then I moved the $$ into ETH and recovered the lost money pretty fast.

again, still learning but that is what worked for me.

Good thing is I have plenty of money in my actual bank account. I don’t need this money so if it just sat that wouldn’t hurt me either. It’s more of a “I just messed up” thing I want to fix.

I noticed ARKf drops to about 49-50 then goes back to 55-56ish. I could just buy 50 shares today and average down. Then sell when it goes back up.

Each stock I’m down in “significantly” does this. I could get out like that, but it just makes me nervous because it seems as soon as I buy things crash. Like I’m cursed.
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05-04-2021, 04:22 AM
#111
Absolutely - this is not my pay rent/401k money but I don't feel like losing it lol

i got out ark after a few months…lots of hype (this year at least) with very little to show…
"Paper money is going away" - EM
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05-04-2021, 04:57 AM
#112
Originally Posted By caravanbrah⏩
In. Fukking PLTR and VACQ holding me back at the moment. Bring on earnings… it'll probably tank even more.
it's gonna either tank or go on a massive run, then tank

either way, it tanks

you just gotta look at the recent faang earnings to see what happens
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05-04-2021, 05:01 AM
#113
massive run: 27? lol

but i agree, it will tank regardless
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05-04-2021, 05:25 AM
#114
Looking like it's going to be a rough day. Things can change, but lots of red pre-market.

Stay safe, boyos.
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05-04-2021, 05:27 AM
#115
A lot of people making bank on doge. Wtf is this clown world.

Etfs falling fake as money mooning.
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05-04-2021, 05:35 AM
#116
Originally Posted By taf1968⏩
Looking like it's going to be a rough day. Things can change, but lots of red pre-market.

Stay safe, boyos.
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05-04-2021, 05:40 AM
#117
I have been telling u boyos about ETH… it has been FLYING for the last few weeks

doge is for spare change lol if i lose it i lose it
"Paper money is going away" - EM
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05-04-2021, 05:49 AM
#118
Originally Posted By camaleom⏩
I have been telling u boyos about ETH… it has been FLYING for the last few weeks

doge is for spare change lol if i lose it i lose it
My crypto portfolio is the only reason im smiling today.

But wondering if it's time to cash in on the ETH run up for now. And wait for a little pull back.
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05-04-2021, 05:51 AM
#119
Originally Posted By twovalvekid⏩
My crypto portfolio is the only reason im smiling today.

But wondering if it's time to cash in on the ETH run up for now. And wait for a little pull back.
I am going to let it ride until EOY - I still think the fomo from people missing on btc will drive eth to 10k EOY

plus every time I try to to time the pull back i end up f'ing zhit up
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05-04-2021, 05:56 AM
#120
Originally Posted By twovalvekid⏩
My crypto portfolio is the only reason im smiling today.

But wondering if it's time to cash in on the ETH run up for now. And wait for a little pull back.
That's what I thought a few days ago and dumped out my ETH at $2900. Still made a decent return, but hurts to see where it is now.
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