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**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
08-01-2024, 12:17 PM
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#6391
08-01-2024, 12:19 PM
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#6392
That's Tom Cruise, whatever she accuse, he wasn't really drunk he just had a few dudes lol
I: Self, Lord and Master.
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08-01-2024, 12:43 PM
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#6393
08-01-2024, 01:43 PM
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#6394
- BuckNakedinBama
- hell yeah brother
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- BuckNakedinBama
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08-01-2024, 03:06 PM
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#6395
- RobParks2M
- mad hatter
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- RobParks2M
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My angus was not nearly peppered enough nearly a 5 figure drop today sheeeesh. Oh well bought the dip. Sold $97CC on TLT for $1.51 that expire in September. I’ve got $7 CSP on Sofi I am a little nervous about too. Should be okay hopefully lmao
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08-01-2024, 03:35 PM
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#6396
- Lefticle
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- Lefticle
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Originally Posted By RobParks2M⏩
This lolMy angus was not nearly peppered enough nearly a 5 figure drop today sheeeesh. Oh well bought the dip. Sold $97CC on TLT for $1.51 that expire in September. I’ve got $7 CSP on Sofi I am a little nervous about too. Should be okay hopefully lmao
Always Neg Back Crew.
08-01-2024, 05:00 PM
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#6397
08-01-2024, 05:16 PM
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#6398
- BuckNakedinBama
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- BuckNakedinBama
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A LOT riding on that jobs number tomorrow... if it's really bad the fears the economy are bad might overtake joy that rates will come down faster and we get a selloff. If the number is good that might stoke fears rates won't come down as fast and the economy will deteriorate slower but more before we get rate cuts. Either way it seems primed to disappoint the market, particularly after these earnings misses...
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08-01-2024, 05:28 PM
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#6399
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By Destor⏩
Intel Tards on watch. Check on any intelcells you know.Amazon getting hammered AH and Intel getting hammereder
NVDA gonna get obliterated once book of orders is smashed. Everything pointing to recession in tech.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
08-01-2024, 05:42 PM
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#6400
08-01-2024, 06:09 PM
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#6401
Finally an opportunity to buy a tiny little bit of something, nibbled on a bit of bitcoin right before close, googl, amd, Tesla, would love to get some Amazon, but would never dare touch it prior to earnings, will get some when I see some reversal indication.
08-01-2024, 06:29 PM
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#6402
Originally Posted By stockbruh⏩
as I recall Amazon did well for obvious reasons,Is there a stock or index fund you can get into that shorts or sells puts that makes money during a recession? Did any stock escape the 2021 crash?
but it’s not about looking for a stock or ETF that does some silly market timing or bear porn trickery, it’s about using these rare opportunities to buy the stuff that will double triple and 10x in the next few years.
08-01-2024, 07:28 PM
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#6403
- stockbruh
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- stockbruh
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Originally Posted By kusok⏩
Looks like it did keep going up as other stocks crashed but then it peaked at 167 towards the end of 2021 and crashed back down to the 90’s which was below the run up.and I don’t have the patience to be down my entire life savings again I like to sleep peacefully at nightas I recall Amazon did well for obvious reasons,
but it’s not about looking for a stock or ETF that does some silly market timing or bear porn trickery, it’s about using these rare opportunities to buy the stuff that will double triple and 10x in the next few years.
but it’s not about looking for a stock or ETF that does some silly market timing or bear porn trickery, it’s about using these rare opportunities to buy the stuff that will double triple and 10x in the next few years.
08-01-2024, 07:50 PM
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#6404
- TugOfPeace
- 1012 ng/dl
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- TugOfPeace
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I picked the worst time to buy SOXL.. 50 shares @ $57 then I thought I was slick averaging down another 50 shares at $49. might have to make another buy @ $30
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
08-01-2024, 08:17 PM
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#6405
Originally Posted By stockbruh⏩
Well, Amazon is a pretty safe bet, occasional volatility is quite rare for such a big established business,Looks like it did keep going up as other stocks crashed but then it peaked at 167 towards the end of 2021 and crashed back down to the 90’s which was below the run up.and I don’t have the patience to be down my entire life savings again I like to sleep peacefully at night
if you don’t want volatility, you can’t be all in pltr and sofi and little crap like that, you gotta have some S&P 500 and cash, or at least, some big boring tech names that just keep going up forever,
but volatility is interesting, people who bought bitcoin at two dollars and held for 10 years to become Billionaires had to wake up being 90% down, imagine waking up to pee at night and checking your phone to see that you’re down $5 million, it’s not for everybody. Holding options on MSTR is pretty funny, one day you are a millionaire the next day you’re not gay but $20 is $20, got to sell some ass, next week you’re a millionaire again, etc.
08-01-2024, 08:33 PM
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#6406
- MinisterOfLust
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- MinisterOfLust
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What price should I buy Intel?
08-01-2024, 08:41 PM
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#6407
- GeneralSerpant
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- GeneralSerpant
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Originally Posted By MinisterOfLust⏩
It'll probably go down for a day or two.What price should I buy Intel?
08-01-2024, 10:10 PM
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#6408
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By MinisterOfLust⏩
I like the 3 day rule for knife catching... sometimes lmaoWhat price should I buy Intel?
but for real which piece of the pie you wanna bid for at auction when they go under? LOL
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08-02-2024, 01:35 AM
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#6409
- dankydank
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- dankydank
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Switched to a final Great Depression in 1 day because of a baby rate hike in Japan. Prices still above my entries so will get out at breakeven at worst. VIX is looking tippy though and local bottoms happen at this level with the high volume we’re seeing
08-02-2024, 03:11 AM
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#6410
08-02-2024, 04:44 AM
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#6411
08-02-2024, 07:55 AM
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#6412
- BuckNakedinBama
- hell yeah brother
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- BuckNakedinBama
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Originally Posted By stockbruh⏩
I have a heavy position in SQQQ, it is a triple-leveraged ETF betting the Nasdaq will fall. Be very careful with it tho as over time it will be going to 0, so you have to be willing and able to bet on timing the market drops or you'll get wiped out. I started getting into it around 10.75 early in May (can't remember exactly the level/when) and it dropped as low as 7.17, definitely had be clinching my butt a bit, but I just kept buying it as it dropped, so my CWA now is 8 and change, and it currently sits at 9.80.Is there a stock or index fund you can get into that shorts or sells puts that makes money during a recession? Did any stock escape the 2021 crash?
While I do see the Nasdaq dropping below 15,000, staying in SQQQ becomes too risky at some point as a snapback rally could really wipe me out with no hope of recovering my losses, so I'll trim some position in it taking some profit and deploy money to a safer short-position asset.
All I hold right now is SQQQ, NKE, and XOM, with about 40% in cash plus whatever my 401k is doing.
I'd like to see the Russell2000 pull back to 2000 at which point I'll enter long there.
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08-02-2024, 08:19 AM
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#6413
08-02-2024, 08:34 AM
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#6414
08-02-2024, 08:54 AM
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#6415
08-02-2024, 09:03 AM
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#6416
08-02-2024, 09:26 AM
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#6417
- RobParks2M
- mad hatter
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- RobParks2M
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Dat VIX move faurrrk
Fitness connoisseur
0.4 mg of party's over wake the FK up!
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08-02-2024, 09:31 AM
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#6418
08-02-2024, 09:35 AM
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#6419
- SipNPiz
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- SipNPiz
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Idk guys remember with caravana when all the bad news is priced in the stock can only go up, maybe similar thing with intel, they are currently trading below book value.
STEM Wagie Brah
Oil/commodity based trader
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