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**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
08-05-2024, 06:57 AM
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#6481
- SaviorSelfJT
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- SaviorSelfJT
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Hope none of you are holding a big stake in TQQQ
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08-05-2024, 06:59 AM
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#6482
08-05-2024, 07:02 AM
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#6483
08-05-2024, 07:33 AM
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#6484
08-05-2024, 07:38 AM
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#6485
08-05-2024, 07:40 AM
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#6486
08-05-2024, 07:41 AM
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#6487
- Destor
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- Destor
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Originally Posted By TryingMen⏩
It’s a 12-week low on the indices, individual stocks could be good nibble candidates if something has moved enough and you have conviction butTime to buy the dip or will this go worse?
The economy isn’t bad yet, I’d expect the market moves lower over the next 12-18 months but it won’t be a straight line down.
Biiig moves in some individual names though, specifically those “Mag 7”. I don’t recall ever seeing a -10% move on Apple.
08-05-2024, 09:03 AM
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#6488
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By Destor⏩
Oversold 100%. But markets are irrational so can’t blow your load yet. Imma keep buying but plan to keep some behind for further moves. VIX In the 50-60s is a good indicator that further downward pressure unlikely.It’s a 12-week low on the indices, individual stocks could be good nibble candidates if something has moved enough and you have conviction but
The economy isn’t bad yet, I’d expect the market moves lower over the next 12-18 months but it won’t be a straight line down.
Biiig moves in some individual names though, specifically those “Mag 7”. I don’t recall ever seeing a -10% move on Apple.
The economy isn’t bad yet, I’d expect the market moves lower over the next 12-18 months but it won’t be a straight line down.
Biiig moves in some individual names though, specifically those “Mag 7”. I don’t recall ever seeing a -10% move on Apple.
Bonds trying to price in a 50 bp cut in September. Get fuking real. TLT puts are the move im going to make.
Some Freddie pref are trading at 10% face value and close to 60% interest at current prices. I’m still buying a couple here and there. I’m hovering at 700,000 in face value right now.
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0.4 mg of party's over wake the FK up!
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08-05-2024, 09:27 AM
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#6489
- TugOfPeace
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- TugOfPeace
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I need to find another broker.. Fortunately things worked for me on thinkorswim mobile app but ipad thinkorswim is down, schwab mobile app is down...
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
08-05-2024, 11:51 AM
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#6490
08-05-2024, 11:58 AM
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#6491
Originally Posted By NestBrah⏩
I think we are close.You still feeling this way? Bounce back to ATH from 5000?
It may be hard to tell due to strong bounces but you should expect them given the speed of the sell off.
The markets needs to clear some pretty heavy resistance levels and I expect you would need some sort of major catalyst to change the trend. Expect the market to try to trick you, get in early but light and double down if necessary. If you feel later that the market will crash then you can get out of your (winning)positions after the inevitable bounce.
Originally Posted By NestBrah⏩
Thanks.Gotta give Abzu his props. He called it.
Originally Posted By Elias373⏩
lolImagine not going all in with your life savings to scoop up PLTR @ $21 this morning
I: Self, Lord and Master.
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08-05-2024, 12:08 PM
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#6492
08-05-2024, 02:46 PM
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#6493
- MinisterOfLust
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Originally Posted By Elias373⏩
Palantir AH is going nutsImagine not going all in with your life savings to scoop up PLTR @ $21 this morning
08-05-2024, 03:52 PM
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#6494
- NestBrah
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- NestBrah
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Originally Posted By Abzu⏩
So you see a bounce then the real carnage takes place after election?I think we are close.
It may be hard to tell due to strong bounces but you should expect them given the speed of the sell off.
The markets needs to clear some pretty heavy resistance levels and I expect you would need some sort of major catalyst to change the trend. Expect the market to try to trick you, get in early but light and double down if necessary. If you feel later that the market will crash then you can get out of your (winning)positions after the inevitable bounce.
Thanks.
lol
It may be hard to tell due to strong bounces but you should expect them given the speed of the sell off.
The markets needs to clear some pretty heavy resistance levels and I expect you would need some sort of major catalyst to change the trend. Expect the market to try to trick you, get in early but light and double down if necessary. If you feel later that the market will crash then you can get out of your (winning)positions after the inevitable bounce.
Thanks.
lol
08-05-2024, 04:00 PM
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#6495
08-05-2024, 04:31 PM
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#6496
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By Destor⏩
LMFAO you got me rollin over hereAlmost at a 4-day high now fuark
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
08-05-2024, 04:53 PM
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#6497
- Destor
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- Destor
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Originally Posted By RobParks2M⏩
It’s like people’s time horizons are getting shorter and shorter or something, I’ve been razzing people all day on various social mediaLMFAO you got me rollin over here
08-05-2024, 05:00 PM
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#6498
- GeneralSerpant
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- GeneralSerpant
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Palantir is in growth stock territory.
08-05-2024, 07:00 PM
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#6499
08-05-2024, 07:03 PM
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#6500
- SipNPiz
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- SipNPiz
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Robinhood suspended 24 hour market trading tonight, is that from some folks getting filled at super low amounts last night?
STEM Wagie Brah
Oil/commodity based trader
08-05-2024, 10:08 PM
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#6501
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By SipNPiz⏩
Maybe to keep idiots from making bad choices? No halts on after hours trading so people can do some dumb stuff.Robinhood suspended 24 hour market trading tonight, is that from some folks getting filled at super low amounts last night?
What is everyone looking to do tomorrow or the rest of the week? Sadly I'm not seeing much for deals I am excited about other than my usual shenanigans. I did buy some TLT $97p at around $1.50 for September. Doubt we see a 50bp cut so I think they could be money. Today I am grateful I left my EGY shares 100% covered at $6 no rolling will be necessary it appears lmao. Sofi held up well toward the end of the day after dumping down to $6.
Still lamenting not buying those $15 or $20 SAVA calls today fuarrrrrk up in the mid $30s and they have a big announcement tomorrow that either they are headed sub $5 OR they are headed to $100.
I wanted to short VIX when it was holding $60 but knew it would be too expensive and not worth the time to even look. I am sure that was an obvious call so stuck with TLT reversal instead.
Google lost its antitrust case so they dump tomrrow?
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
08-06-2024, 01:59 AM
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#6502
Originally Posted By TryingMen⏩
There is a way to tell. The only way to tell is to watch the color and length of the first volume bar at open on 1 minute chart.Time to buy the dip or will this go worse?
Pick a stock that you like and that moves like NVDA or amd or Tesla etc.
If the first volume indicator bar is very tall and green it’s time to buy the dip!
Monday the bar was tall and green. So at least on that timeframe it was a great opportunity.
08-06-2024, 06:50 AM
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#6503
08-06-2024, 07:00 AM
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#6504
- GeneralSerpant
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- GeneralSerpant
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Originally Posted By kusok⏩
I have been buying Nvidia on margin like popcorn and am scared to look at the balance.There is a way to tell. The only way to tell is to watch the color and length of the first volume bar at open on 1 minute chart.
Pick a stock that you like and that moves like NVDA or amd or Tesla etc.
If the first volume indicator bar is very tall and green it’s time to buy the dip!
Monday the bar was tall and green. So at least on that timeframe it was a great opportunity.
Pick a stock that you like and that moves like NVDA or amd or Tesla etc.
If the first volume indicator bar is very tall and green it’s time to buy the dip!
Monday the bar was tall and green. So at least on that timeframe it was a great opportunity.
08-06-2024, 07:45 AM
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#6505
Originally Posted By GeneralSerpant⏩
personally I would never take out more than 25% of my portfolio in margin, this way the market would have to perform one of the worst crashes in history in order for you to even get close to getting margin called.I have been buying Nvidia on margin like popcorn and am scared to look at the balance.
At this point, I’m not seeing anything convincing in NVDA to jump in neither for long-term nor for a day trade Nor for swing trade.
I did a day trade yesterday, and I have a cash secure put on it as well.
08-06-2024, 07:57 AM
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#6506
- TugOfPeace
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- TugOfPeace
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I wonder what happened to that one guy whose whole port is NVDA, Visel I think
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
08-06-2024, 08:13 AM
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#6507
- GeneralSerpant
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- GeneralSerpant
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Originally Posted By kusok⏩
I might have done more than that, but I’m just getting ahead of my paychecks and cds about to mature.personally I would never take out more than 25% of my portfolio in margin, this way the market would have to perform one of the worst crashes in history in order for you to even get close to getting margin called.
At this point, I’m not seeing anything convincing in NVDA to jump in neither for long-term nor for a day trade Nor for swing trade.
I did a day trade yesterday, and I have a cash secure put on it as well.
The only downside to holding in nvda is that it has historical storms in between its escalating earnings reports.I did a day trade yesterday, and I have a cash secure put on it as well.
08-06-2024, 09:22 AM
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#6508
08-06-2024, 09:23 AM
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#6509
- stockbruh
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- stockbruh
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Originally Posted By GeneralSerpant⏩
What intrest percent do you get on margin?I might have done more than that, but I’m just getting ahead of my paychecks and cds about to mature.
The only downside to not holding in nvda is that it has historical storms in between its escalating earnings reports.
The only downside to not holding in nvda is that it has historical storms in between its escalating earnings reports.
08-06-2024, 10:12 AM
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#6510
- GeneralSerpant
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- GeneralSerpant
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Originally Posted By stockbruh⏩
13%What intrest percent do you get on margin?
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