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

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05-13-2021, 05:03 AM
#1411
8
Originally Posted By smashedurgfx10⏩
No im not contradicting myself

Tetering on the edge is a fact. Look at the chart and you'll see for yourself. It actually dipped bellow major support earlier and hasn't been able to push back through it.

What's speculation is what it'll do in the future. But looking at the chart now, it has broken support so 'probably' it's going lower

In a years time tech and growth could well bounce back but you don't know how low they'll get to before they do, and whether they'll return to these highs we see now
Bro you should just stop investing to be honest. Do you realize the market doesn't always go up? If you are not willing to take 50% drops in your stock you shouldn't own it. You should be happy it drops, that means stocks are cheaper to buy of your favorite companies. Would you cry if your favorite hamburgers dropped in price 50 percent? Lol
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05-13-2021, 05:07 AM
#1412
Originally Posted By ontclone⏩
8

Bro you should just stop investing to be honest. Do you realize the market doesn't always go up? If you are not willing to take 50% drops in your stock you shouldn't own it. You should be happy it drops, that means stocks are cheaper to buy of your favorite companies. Would you cry if your favorite hamburgers dropped in price 50 percent? Lol
actually of some other stocks i owned, i bought more today

the issue i have is with tech and moreover growth/IPO plays - which were never really part of my strategy, i just hopped on the wagon at the last moment. made some money, then lost it when it went sour a few weeks ago

they have swung completely out of favour and im not planning to face an uphill battle for the next year for them to swing back into favour. i'd rather take my money and put it elsewhere/not lose more of it

just because we 'like' a company, doesn't mean the market does, or that its a sensible decision. i like netflix, i watch it every day. but im not buying that.

if inflation is here to stay, then companies which aren't making profit are gonna get wrecked. and those surprise surprise, those are mostly concentrated in tech and growth sector

i dont want to take losses on anything, and i dont need the money now. but i also have to think sensibly - is it going to keep going down, and will it recover to the price i bought it at

the market generally is overvalued atm and most of that is concentrated in the nasdaq which saw unprecedented gains last year.
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05-13-2021, 05:15 AM
#1413
Originally Posted By smashedurgfx10⏩
So having seen that the fear in the markets isn't going anywhere I've decided to take losses today

Probably the worst time to sell I know, but I don't want the risk of losing even more money and my index fund profits counteract the losses I'll make

These are just my tech positions. Also down on other stuff today in the bloodbath
Do me a favor. Write down your buy and sell prices and save those somewhere. Then set a reminder for December. Then share what it would’ve looked like had you held

Originally Posted By smashedurgfx10⏩
fakeout then
Originally Posted By smashedurgfx10⏩
tech premarket has just shot up, potentially a bull trap

keep your eyes peeled
The cope of someone who sold lol
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05-13-2021, 05:16 AM
#1414
Originally Posted By chino3⏩
Do me a favor. Write down your buy and sell prices and save those somewhere. Then set a reminder for December. Then share what it would’ve looked like had you held
im planning to do that lol srs

but im also gonna write down my reasoning and logic for selling now and i'd probably forgive myself in a years time because to me it seemed like a good decision.

it isn't impulse. ive been sitting on these losses and theyre increasing. which was half the problem. had i set tight stops the never would have snowballed this far

Originally Posted By chino3⏩

The cope of someone who sold lol
why do you sound mad..?

its my decision whatever i do - not sure what youre trying to gain by such comments

Spoiler!
i didnt sell yet, market is closed. i dont trade PM
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05-13-2021, 05:32 AM
#1415
Producer Price Index numbers also came in higher than estimates. Might drive more red. Guess we'll find out.
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05-13-2021, 05:41 AM
#1416
^^^ that plus now waiting for unemployment numbers…

update: one f'ing good news after a week of crap lol

#BREAKING: A new pandemic low! 473,000 Americans apply for first-time unemployment benefits last week.
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05-13-2021, 05:44 AM
#1417
Originally Posted By camaleom⏩
^^^ that plus now waiting for unemployment numbers…

update: one f'ing good news after a week of crap lol

#BREAKING: A new pandemic low! 473,000 Americans apply for first-time unemployment benefits last week.
the way the market seems to respond inversely to good/bad news recently im finding it hard to figure out what's what lol.

could go either way
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05-13-2021, 05:59 AM
#1418
Originally Posted By smashedurgfx10⏩
im planning to do that lol srs

but im also gonna write down my reasoning and logic for selling now and i'd probably forgive myself in a years time because to me it seemed like a good decision.

it isn't impulse. ive been sitting on these losses and theyre increasing. which was half the problem. had i set tight stops the never would have snowballed this far



why do you sound mad..?

its my decision whatever i do - not sure what youre trying to gain by such comments

Spoiler!
i didnt sell yet, market is closed. i dont trade PM
What on earth comes off as “mad” in my post lol? Also no chit it’s your decision, why so defensive? If you’re not looking for comments or discussion, you might want to take your posts to your diary. This gay Indian bodybuilding site is for discussion.

Originally Posted By smashedurgfx10⏩
could go either way
Now this is the DD I come for each day
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05-13-2021, 06:01 AM
#1419
Originally Posted By smashedurgfx10⏩
the way the market seems to respond inversely to good/bad news recently im finding it hard to figure out what's what lol.

could go either way
you seem emotional. Better to just buy an ETF or a lower volatile stock like WMT, or Realty Income. That way you maintain conviction if it goes lower. If you understand the fundementals and valuation and future outlook you will be comfortable buying more when it goes lower.
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05-13-2021, 06:01 AM
#1420
Originally Posted By chino3⏩
What on earth comes off as “mad” in my post lol? Also no chit it’s your decision, why so defensive? If you’re not looking for comments or discussion, you might want to take your posts to your diary. This gay Indian bodybuilding site is for discussion.
i quoted what came off as mad

telling me im 'coping' isn't conducive to any sort of discussion. i haven't even sold anything

if the market goes up and works in your favour good for you, im just pointing out what i see and if im wrong i'm happy to take it on the chin

Originally Posted By chino3⏩
Now this is the DD I come for each day
i clearly rattled some cages this morning

glad to see you posting solid DD of your own

oh wait
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05-13-2021, 06:08 AM
#1421
Originally Posted By smashedurgfx10⏩
i quoted what came off as mad

telling me im 'coping' isn't conducive to any sort of discussion. i haven't even sold anything

if the market goes up and works in your favour good for you, im just pointing out what i see and if im wrong i'm happy to take it on the chin



i clearly rattled some cages this morning

glad to see you posting solid DD of your own

oh wait
Ask anyone here what I’ve contributed and then fist yourself lol. Meanwhile all you have done is post like an emotional woman smh
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05-13-2021, 06:11 AM
#1422
Originally Posted By chino3⏩
Ask anyone here what I’ve contributed and then fist yourself lol. Meanwhile all you have done is post like an emotional woman smh
dunno man seems like you just want to talk sh*t

good for you, not sure what you get out of it, but good for you
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05-13-2021, 06:12 AM
#1423
Trader, investor, or gambler.

Do you know which one you are?
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05-13-2021, 06:14 AM
#1424
Tesla / Elon just ran pump and dump but SEC be like nothing to see here.

BTC started tanking before Elon made twitter post.

Watch Tesla turn this around and start their own coin, I wouldn't believe word that Elon is done with crypto garbage.


ARK funds believe in bitcoin and crypto hence they have been buying COIN like lunatics its slowly going to be their top 5 holdings.
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05-13-2021, 06:22 AM
#1425
Originally Posted By Carbonfibre⏩
Tesla / Elon just ran pump and dump but SEC be like nothing to see here.

BTC started tanking before Elon made twitter post.

Watch Tesla turn this around and start their own coin, I wouldn't believe word that Elon is done with crypto garbage.


ARK funds believe in bitcoin and crypto hence they have been buying COIN like lunatics its slowly going to be their top 5 holdings.
this was my take as well… laying the ground calling all the existing cryptos "not env friendly" but hey now tsla have this xyz crypto that relays on renewable energies… u know it is coming
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05-13-2021, 06:38 AM
#1426
VIX cooling is good here.

needs below 20 to start feeling safe here.


SMH / XBI moving green very good sign


probably not +500 day but seems bulk of selling is done for now
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05-13-2021, 06:45 AM
#1427
this is a dead cat bounce type of day. We will be lower by friday
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05-13-2021, 06:48 AM
#1428
Originally Posted By VegasLifter26⏩
this is a dead cat bounce type of day. We will be lower by friday
agreed
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05-13-2021, 06:51 AM
#1429
Originally Posted By lntense⏩
I may have just done something stupid with AMC. Will report back with screenshots in a few weeks if so..
u mofo… looking pretty today, ain't u? lol
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05-13-2021, 07:05 AM
#1430
^^ I don't know if there's any creating a crypto that *only* runs on renewables or whatever

The ESG side of crypto has been getting a lot of attention lately though. I watched something from Kevin O'Leary a week ago where he was talking about his big institutional Clients and how, if they ever thought about entering the crypto space, they want to know the legacy of coins they buy and transact with.

Apparently they can actually identify when and where specific crypto units were mined and where they've been since via the blockchain ledger system, everything is recorded and transparent. So if they look into the origins of a bitcoin unit and see it was mined in China in an area that was predominately using cheap coal power, they're not dealing in that unit.

They also mentioned "certified" units that have clean histories and how that will become a bigger deal because who knows how many directions this could go in. If they start linking specific units to money laundering and any number of other activities criminals use crypto for, it could become an even bigger issue. The institutions will only be interested in certified coins coming out of some California crypto mine powered by the sheer good will of greenie activists and that have only traded hands between other like-minded organizations.


ESG will soon begin running contrary to its own movement's interests IMO. I'm still waiting for countries to look at mining their own rare earths and such for batteries to remove dependence on China and how that will clash with environmentalists who don't want mines in their back yards and indigenous lands, because those mines are no better in the immediate term than any number of fossil fuel extraction projects even if they save emissions over the long term. We're just getting started here.
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05-13-2021, 07:06 AM
#1431
AMC


I regret nothing!!


Originally Posted By camaleom⏩
u mofo… looking pretty today, ain't u? lol
Fuk yes man. You?


Now another 2 weeks to hit $14. lol jk
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05-13-2021, 07:07 AM
#1432
FINALLY up. $3,500.

Now I only need 18 straight days of the exact same thing lol
See title.

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05-13-2021, 07:08 AM
#1433
Originally Posted By Lefticle⏩
FINALLY up. $3,500.

Now I only need 18 straight days of the exact same thing lol
gjdm

what did you do with cpng?
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05-13-2021, 07:09 AM
#1434
just remember..if a stock goes down 20% it only needs to go up 25% to break even..if a stock goes down 50% it needs to go up 100% just to break even !!
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05-13-2021, 07:14 AM
#1435
Originally Posted By lntense⏩
AMC


I regret nothing!!




Fuk yes man. You?


Now another 2 weeks to hit $14. lol jk
$$$$ looking pretty after a ****tty start of the day with my "real investing" plays lol
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05-13-2021, 07:17 AM
#1436
Originally Posted By camaleom⏩
$$$$ looking pretty after a ****tty start of the day with my "real investing" plays lol
That’s awesome man! May still have a bit to wait for the actual squeeze.
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05-13-2021, 07:22 AM
#1437
Today can make you so much money if you predict major indices correctly.
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05-13-2021, 07:27 AM
#1438
AMC getting flooded on wsb comments

what a move congratz who got in.

hopefully you guys got calls and not shares since AMC is shorted so much it can easily go below $10 in snap.

80K sell wall at $12.2 probably stalls there.


if SPY can break $310 resistance it can retrace to $315 here.
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05-13-2021, 07:39 AM
#1439
Originally Posted By smashedurgfx10⏩
gjdm

what did you do with cpng?
Kept it
See title.

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05-13-2021, 07:42 AM
#1440
Originally Posted By Carbonfibre⏩
AMC getting flooded on wsb comments

what a move congratz who got in.

hopefully you guys got calls and not shares since AMC is shorted so much it can easily go below $10 in snap.

80K sell wall at $12.2 probably stalls there.


if SPY can break $310 resistance it can retrace to $315 here.

The volume though.. I thought it would stall at 12.10 for a while. I’m expecting a pull back at 12.20 but not for long.
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