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Forum » Thanks China for ruining me financially (stocks and cryptocels on suicidewatch)
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Thread: Thanks China for ruining me financially (stocks and cryptocels on suicidewatch)

post 1647421513 09-20-2021, 01:08 PM
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  1. MotorCityCobra
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Thanks China for ruining me financially (stocks and cryptocels on suicidewatch)

Anyone else impacted by the Evergrande scandal fking over the stock and crypto market? Tens of thousands of $ vanished in a couple of days. Anyone else in the same boat? I have most of my net worth in growth stocks (tech, green energy/solar and meme stocks). Thanks China for fking me over
post 1647421703 09-20-2021, 01:11 PM
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#2
  1. badbart
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Originally Posted By MotorCityCobra⏩
Anyone else impacted by the Evergrande scandal fking over the stock and crypto market? Tens of thousands of $ vanished in a couple of days. Anyone else in the same boat? I have most of my net worth in growth stocks (tech, green energy/solar and meme stocks). Thanks China for fking me over
I've been in the markets since 1996, same **** different day. Think 5-10 years from now and ignore the volatility.
post 1647421783 09-20-2021, 01:12 PM
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#3
  1. AlwaysFocus
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I have to ask, were you unaware of the evergrande situation?
post 1647422093 09-20-2021, 01:18 PM
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  1. MotorCityCobra
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Originally Posted By AlwaysFocus⏩
I have to ask, were you unaware of the evergrande situation?
No everyone and ther grannies knew about the Evergrande bs and the market has been taking a pounding these past 2 weeks, but today it decided to chit the bed
Originally Posted By imbored205⏩
how did everything vanish? Did you decide to sell everything once you saw the market drop 2%?
have not sold anything and not planning to do so but so much money has just vanished into thin air
post 1647422163 09-20-2021, 01:19 PM
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#5
  1. Jms89
  2. Oh, i like that
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Just means you were overleveraged and inexperienced. Bro if a 1000 point drop destroys you, just pepper your angus for the second half of bidens presidency. You best learn mandarin.
This fool's running a Honda 2000
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post 1647422253 09-20-2021, 01:21 PM
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#6
  1. microsuede
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buy the dip bro
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post 1647422363 09-20-2021, 01:22 PM
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#7
  1. Destor
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Originally Posted By MotorCityCobra⏩
have not sold anything and not planning to do so but so much money has just vanished into thin air
Gains or losses don't truly exist until they're realized
post 1647422853 09-20-2021, 01:30 PM
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#8
  1. mp83
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It's a 2-3% drop lol. A year and a half ago that was normal. Tomorrow will probably go right back up
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post 1647422933 09-20-2021, 01:31 PM
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#9
  1. mp83
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Originally Posted By backinthegymbro⏩
Lol at going all in under a biden economy. lmaoooo


OP when he sees his stocks/crypto plummet instead of going to the moon

Is that why the S and P 500 is up 15% since Biden took office? lol
{Misc Fisherman Crew}
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post 1647423083 09-20-2021, 01:34 PM
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  1. DrFeeIGood
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I'm buying, thanks OP
post 1647423093 09-20-2021, 01:34 PM
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#11
  1. MotorCityCobra
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Originally Posted By microsuede⏩
buy the dip bro
so many dips have been bought, now im going to wait a couple of months. Still have a years worth of savings on the sidelines if the market crashes more i will use this $ to buy the crash
post 1647423473 09-20-2021, 01:42 PM
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#12
  1. Lucas5814
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Originally Posted By MotorCityCobra⏩
Anyone else impacted by the Evergrande scandal fking over the stock and crypto market? Tens of thousands of $ vanished in a couple of days. Anyone else in the same boat? I have most of my net worth in growth stocks (tech, green energy/solar and meme stocks). Thanks China for fking me over
I HOPE SO

I don't want to pay taxes on all the crypto sales I made...I'd rather just have more LOSS than GAINS lol

(but I didn't put much money into it so)
post 1647423953 09-20-2021, 01:50 PM
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#13
  1. microsuede
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Originally Posted By lexbishop⏩
You're supposed to buy undervalued stocks, not the dip.
That takes research though and nobody wants to do that.
i mean, that should go without saying, no one is saying throw darts are the wall and buy the dip on whatever gets hit.
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post 1647424163 09-20-2021, 01:53 PM
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#14
  1. keyboardworkout
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Just lol at hodling.

Dumped my last ETH at $3,450 last week. Bought it for $1,925.
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post 1647424183 09-20-2021, 01:53 PM
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  1. low_clazz
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I'm down 2%...so i bought more. Hopefully the S&P keeps falling so I can continue buying at a discount.
post 1647424343 09-20-2021, 01:55 PM
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The only crypto I want in my life, is that which I can mine. If it goes up, great nice surprise. If it goes down, oh well, my electric bill was overpriced for a length of time. Lol.
post 1647424433 09-20-2021, 01:57 PM
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#17
  1. Destor
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Originally Posted By low_clazz⏩
I'm down 2%...so i bought more. Hopefully the S&P keeps falling so I can continue buying at a discount.
Buying at a 2% lower price than yesterday doesn’t mean it’s discounted

Paying less than it’s actually worth, that’s a discount
post 1647424593 09-20-2021, 01:59 PM
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#18
  1. Kraken
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We stopped investing solely in the market when we realized how much interference was being played by both politicians and foreign governments. In a free society, there are major things that must be in place to remain intact; free speech, private property, and firearms to protect them. Assets are your best friends in a failing economy and inflation. Assets will also rise with inflation.

Now isn't the time to be messing in the stock market without lots of experience and knowledge.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
post 1647425623 09-20-2021, 02:13 PM
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  1. ParsleyTea
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I sold most of my growth stocks on Friday, thankfully. All I have exposure wise is some dividend generating stocks and not to much of that.

Appears that more stock market pain is on the way due to China. Imagine though that the different world feds will step in to help create market stability if called for.

This morning I was reading an article about BlackRock and their push over the last few weeks to have people invest into Chinese stocks. Seems BlackRock appears to have had other motives for their pushing the purchase of Chinese securities though.

An accountant I know was saying that BlackRock is "shady" in his opinion. That is what I ended up selling last week, a BlackRock fund.

The article I read ~

"Welcome to the Investor Smackdown, Chinese-Style"

https://americanconsequences.com/kim...our-portfolio/
post 1647426333 09-20-2021, 02:24 PM
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OP were you planning on retiring this morning? If not, what difference does a dip make unless you have options expiring.
post 1647426763 09-20-2021, 02:31 PM
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#21
  1. lockdev
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Originally Posted By badbart⏩
I've been in the markets since 1996, same **** different day. Think 5-10 years from now and ignore the volatility.
This.

Unless you were an idiot and cashed out today, you're going to be fine. Hold long-term brah.
Misc Entrepreneur Crew
post 1647427293 09-20-2021, 02:40 PM
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Losted 21k with sprt merging with gree recently. Everybody holding thru merger got fcuked hard. Day of merging nobody could sell or buy. But shorts were able to short the stock to oblivion. Absolutely scammed and manipulated. But not gonna point fingers. Nobody to blame but myself. I will get it back! Still up a gang this year tho. Prob getting out the market once I hit my goal. To many manipulation and fraud going on with the stock market. It's so bad they don't even hide it anymore.
post 1647427583 09-20-2021, 02:45 PM
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It's like Casino chips, it's not real money until you cash out.
post 1647427633 09-20-2021, 02:45 PM
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China ruined the whole world financially and socially and yet we do nothing, you think anyone cares about your fukin stocks?
For every man, there is a sentence, a string of words, that has the power to destroy him
"The strong do what they can, and the weak suffer what they must" -Thucydides
Shall not be Infringed. FUK CHINA.
post 1647427873 09-20-2021, 02:50 PM
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  1. roughinhouse
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Originally Posted By MotorCityCobra⏩
No everyone and ther grannies knew about the Evergrande bs and the market has been taking a pounding these past 2 weeks, but today it decided to chit the bed



have not sold anything and not planning to do so but so much money has just vanished into thin air
Learn TA, use stops, follow good traders (United Traders discord is the best you're gonna get for free).
post 1647428253 09-20-2021, 02:57 PM
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#26
  1. Mr Beer
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I invest passively, it's a long term thing and a 2% market drop is nothing.

Bad: If anyone was counting on the 2020s performing like the 2010s did, I have some bad news. Governments are heavily leveraged, covid woes are not going away any time soon, climate change is starting to bite, inflation is a real possibility and countries around the world are getting more defensive and spooked with the changing world order further suppressing global trade.

Good: Lower your expenses, invest your savings every month, pick low cost index funds unless you are going to research heavily on a continual basis, hold until retirement. Long term investment in the stock market is the simplest route to financial independence.
"A stupid man's report of what a clever man says can never be accurate, because he unconsciously translates what he hears into something he can understand."
post 1647428833 09-20-2021, 03:07 PM
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All in on ILUS, Seriously, check it out. I'm deep so today was another amazing day for me financially.

https://stocktwits.com/symbol/ILUS
post 1647428993 09-20-2021, 03:10 PM
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#28
  1. KramericaInd
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Originally Posted By backinthegymbro⏩
Maybe invest your money in a highschool education instead of gambling it away.
Says that to my face ; and, see what will happens.!
post 1647430383 09-20-2021, 03:35 PM
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#29
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I saw the red last night on yahoo homepage and sold almost everything I had except Lucid because it can short squeeze, and I bought UVXY and VXX at around 4 am LOL, saved my arse today. Made some moneys.

Now sold UVXY. Started to creep back in little by little LOL, I think more red coming…
Picked up a bit of CLF, gonna dollar cost average into that, atom crypto etc. polygon, bitcoin, but meng, I feel much more red cumin…


September is the month of red historically.
post 1647432663 09-20-2021, 04:17 PM
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#30
  1. Kraken
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We have a couple different portfolios. One I managed for years, but sold off most of what i was managing because I was using it as a learning tool and not so much trying to make a lot of money. I did better than I was expecting. I grabbed a chit load of AMEX when it crashed back in 2016. It’s up 200% currently (bought it at $53 a share, grabbed 100 shares).

Problem is, I’m not sure I even want to hang on to it. Its not a bad investment for the long haul, but the Marxist and fascist narratives coming out of these cc companies got me pissy and after the last couple stunts, I’m ready to bail.

The issue is that with inflation, you don’t want to pay off debt, so other than making payments with it, I’m not sure what else to do with it
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
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