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**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
08-13-2024, 09:15 AM
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#6631
Originally Posted By stockbruh⏩
I would start thinking about selling as soon as it hits $32 and then reassess, this is a week where things can change directions very quickly so you want to make sure you don't miss a sell if you want it.You really think it can go 35$ +? I wanted to short term trade it made buying 200 shares around 28-30 and then get out anywhere past 35$
Originally Posted By TugOfPeace⏩
Range on it appears to be ~$12.50 to ~$21.50 and I would favor a move to ~$12.50, if it goes to ~$21.50 first and then fails, expect ~$12.50 to come eventually.Fuark. Should I sell my ZIM calls? I have 4x $20C for this Friday, cost me $100 each. Stock is just getting pinned.
Thinking to sell at a loss and use the proceeds to buy the same calls two weeks out. Earnings next Monday..
Thinking to sell at a loss and use the proceeds to buy the same calls two weeks out. Earnings next Monday..
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-13-2024, 09:24 AM
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#6632
- TugOfPeace
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Originally Posted By Abzu⏩
Earnings appear to be very bullish and big players are loading up.. atleast for this week I don't see a downward move happening, but I could see it being pinned at $19.Range on it appears to be ~$12.50 to ~$21.50 and I would favor a move to ~$12.50, if it goes to ~$21.50 first and then fails, expect ~$12.50 to come eventually.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
08-13-2024, 09:39 AM
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#6633
Originally Posted By Abzu⏩
Majority of my investments are buy and hold combined with option selling, but I take whatever trades look good at the moment. For this morning’s Nvidia pretty straightforward overnight and premarket breakout There was no option activity available since around 9:30 AM when options are available it was time to think about closing the position.Why would you day trade when you can make significant returns with less stress and more certainty?
You don't have to go out far in time to turn a day trade into a swing trade.
I just made 500% from one of my BROS options expiring 8/16.
You don't have to go out far in time to turn a day trade into a swing trade.
I just made 500% from one of my BROS options expiring 8/16.
Also, sometimes depending on many things sometimes it’s safer and easier to deal with shares rather than options, I have done both, but for this trade, I was willing to risk one percent in order to make anywhere between two and 10%, it would be pretty hard to do that with options as they can swing pretty violently very quickly, even when I do a 10% stop loss on options often it takes you out, my option trading bot sets stop loss at 30%, I really wasn’t in the mood for that today lol. Sometimes I would mess around with micro strategy options pre-split, you can be up or down thousands of dollars in a matter of seconds, I didn’t feel like getting a heart attack this morning.
08-13-2024, 10:41 AM
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#6634
- RobParks2M
- mad hatter
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Originally Posted By Abzu⏩
Let me know what you get when you open your put position. I might tag on tooI was planning on buying puts on it between ~$32-35 with a plan to make another buy if it goes to ~$37 and a final buy at ~$45.
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08-13-2024, 11:03 AM
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#6635
Like I was saying a page ago, bearporn always lose, bulls always win assuming you don’t invest in Penny Stock or zombie companies.
No matter how bad a crash, there will always be dip buyers.
Y’all are crazy to buy puts on pltr, I’m not buying here at the top, but yoll completely insane to short a company that may very well be the next Microsoft, what are you gonna do with your put if Pltr decides to go into price discovery And casually shoot up to $40? Are you going to sell your ass on the corner? Idk good luck tho I hope you kill it.
No matter how bad a crash, there will always be dip buyers.
Y’all are crazy to buy puts on pltr, I’m not buying here at the top, but yoll completely insane to short a company that may very well be the next Microsoft, what are you gonna do with your put if Pltr decides to go into price discovery And casually shoot up to $40? Are you going to sell your ass on the corner? Idk good luck tho I hope you kill it.
08-13-2024, 11:22 AM
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#6636
- TugOfPeace
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Finally sold my position on DOCS. Sold it at a loss in order to offset my gains elsewhere, still positive YTD. Feels good as fuk to free up some of my margin and have one less bag to worry about.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
08-13-2024, 11:47 AM
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#6637
- TugOfPeace
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Question for you guys with dividend stocks.
Let's say you buy a stock for $100 then after a year you receive $50 in dividends. Those dividends are taxed at 25%, so your net gain is $37.50 from dividends.
Stock drops to $75. Let's say you want to sell the stock just to get back your initial investment. You sell at $75 and take a $25 loss on the stock.
Since your gain from dividends was $37.50, and you receive $75 cash after selling the stock, you come out of this trade with $112.50 and also a $25 capital loss that you can use to offset gains elsewhere.
What am I missing?
Let's say you buy a stock for $100 then after a year you receive $50 in dividends. Those dividends are taxed at 25%, so your net gain is $37.50 from dividends.
Stock drops to $75. Let's say you want to sell the stock just to get back your initial investment. You sell at $75 and take a $25 loss on the stock.
Since your gain from dividends was $37.50, and you receive $75 cash after selling the stock, you come out of this trade with $112.50 and also a $25 capital loss that you can use to offset gains elsewhere.
What am I missing?
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
08-13-2024, 11:56 AM
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#6638
Originally Posted By TugOfPeace⏩
I'm hoping you win but good earnings have not been enough this season, it seems like they need to have a blowout quarter to get bids lol BROS posted a 50% beat and even I didn't believe the stock would go that low so fast.Earnings appear to be very bullish and big players are loading up.. atleast for this week I don't see a downward move happening, but I could see it being pinned at $19.
Originally Posted By kusok⏩
My read on you is that you are a long-term trader who is trying to branch out into other areas because you genuinely enjoy the process.Majority of my investments are buy and hold combined with option selling, but I take whatever trades look good at the moment. For this morning’s Nvidia pretty straightforward overnight and premarket breakout There was no option activity available since around 9:30 AM when options are available it was time to think about closing the position.
Also, sometimes depending on many things sometimes it’s safer and easier to deal with shares rather than options, I have done both, but for this trade, I was willing to risk one percent in order to make anywhere between two and 10%, it would be pretty hard to do that with options as they can swing pretty violently very quickly, even when I do a 10% stop loss on options often it takes you out, my option trading bot sets stop loss at 30%, I really wasn’t in the mood for that today lol. Sometimes I would mess around with micro strategy options pre-split, you can be up or down thousands of dollars in a matter of seconds, I didn’t feel like getting a heart attack this morning.
Also, sometimes depending on many things sometimes it’s safer and easier to deal with shares rather than options, I have done both, but for this trade, I was willing to risk one percent in order to make anywhere between two and 10%, it would be pretty hard to do that with options as they can swing pretty violently very quickly, even when I do a 10% stop loss on options often it takes you out, my option trading bot sets stop loss at 30%, I really wasn’t in the mood for that today lol. Sometimes I would mess around with micro strategy options pre-split, you can be up or down thousands of dollars in a matter of seconds, I didn’t feel like getting a heart attack this morning.
The way you have things set up is not bad if my read is right but I would drop the stop losses once you gain more confidence.
I feel you on the heart attacks lol so if you are up a lot already then take profit even if you think you might make more.
I just hit a day trade on CMG by accident.
I left a limit order out from my last set of trades on it and I forgot to close them after CMG started running.
CMG collapses this morning and my 9/20 50C gets filled, I didn't even know it got filed until I checked my trades tab looking for something else, I got in for ~2.20 and just got out for ~3.70 lol
Originally Posted By RobParks2M⏩
I will <3.Let me know what you get when you open your put position. I might tag on too
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-13-2024, 12:07 PM
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#6639
Nice pop, sold a small part of my spot bitcoin for a reasonable profit to get my holdings to 10% cash, just in case…
I hate not having cash when there is a dip buying opportunity. And you never know when these opportunities come about, everyone is suddenly Nostradamus in retrospect having predicted the Japanese carry trade, it would be nice if they told us this the day before lol
I hate not having cash when there is a dip buying opportunity. And you never know when these opportunities come about, everyone is suddenly Nostradamus in retrospect having predicted the Japanese carry trade, it would be nice if they told us this the day before lol
08-13-2024, 12:10 PM
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#6640
Originally Posted By kusok⏩
I didn't even consider it lol.Nice pop, sold a small part of my spot bitcoin for a reasonable profit to get my holdings to 10% cash, just in case…
I hate not having cash when there is a dip buying opportunity. And you never know when these opportunities come about,everyone is suddenly Nostradamus in retrospect having predicted the Japanese carry trade, it would be nice if they told us this the day before lol
I hate not having cash when there is a dip buying opportunity. And you never know when these opportunities come about,everyone is suddenly Nostradamus in retrospect having predicted the Japanese carry trade, it would be nice if they told us this the day before lol
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-13-2024, 12:32 PM
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#6641
Unbelievable that the leveraged retards are still jumping into bitcoin after getting raped repeatedly, even after getting obliterated a few hours ago there are already so many leverage longs with $57,000 bitcoin price liquidation, I wouldn’t be surprised at all if the big boys decide to go after them again!
Part of me thinks that bitcoin is just not going to go up at all until everyone gives up and leverage retards lose all of their money and go away, and I can’t blame the market makers, I wouldn’t want to invest in something that I know some short term ******* is going to sell at the local top next week and dump it on my head.
Part of me thinks that bitcoin is just not going to go up at all until everyone gives up and leverage retards lose all of their money and go away, and I can’t blame the market makers, I wouldn’t want to invest in something that I know some short term ******* is going to sell at the local top next week and dump it on my head.
08-13-2024, 01:24 PM
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#6642
- stockbruh
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Originally Posted By kusok⏩
Agreed, the CEO said earlier this year his personal mission is to destroy people who short great American company’sLike I was saying a page ago, bearporn always lose, bulls always win assuming you don’t invest in Penny Stock or zombie companies.
No matter how bad a crash, there will always be dip buyers.
Y’all are crazy to buy puts on pltr, I’m not buying here at the top, but yoll completely insane to short a company that may very well be the next Microsoft, what are you gonna do with your put if Pltr decides to go into price discovery And casually shoot up to $40? Are you going to sell your ass on the corner? Idk good luck tho I hope you kill it.
No matter how bad a crash, there will always be dip buyers.
Y’all are crazy to buy puts on pltr, I’m not buying here at the top, but yoll completely insane to short a company that may very well be the next Microsoft, what are you gonna do with your put if Pltr decides to go into price discovery And casually shoot up to $40? Are you going to sell your ass on the corner? Idk good luck tho I hope you kill it.
08-13-2024, 01:38 PM
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#6643
- RobParks2M
- mad hatter
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Originally Posted By kusok⏩
Bruh you out here talking like you’ve never held an option to $0 before. It’s not that big of a deal and happens to the best of us.Like I was saying a page ago, bearporn always lose, bulls always win assuming you don’t invest in Penny Stock or zombie companies.
No matter how bad a crash, there will always be dip buyers.
Y’all are crazy to buy puts on pltr, I’m not buying here at the top, but yoll completely insane to short a company that may very well be the next Microsoft, what are you gonna do with your put if Pltr decides to go into price discovery And casually shoot up to $40? Are you going to sell your ass on the corner? Idk good luck tho I hope you kill it.
No matter how bad a crash, there will always be dip buyers.
Y’all are crazy to buy puts on pltr, I’m not buying here at the top, but yoll completely insane to short a company that may very well be the next Microsoft, what are you gonna do with your put if Pltr decides to go into price discovery And casually shoot up to $40? Are you going to sell your ass on the corner? Idk good luck tho I hope you kill it.
Also cuz this made me remember. You said you risk 1% and sell at 2% profit. So does that mean if you had a $100,000 account your position size is $1,000 and you sell if it hits $1,020? I wasn’t sure if that’s what you meant.
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"the personification of greatness"
08-13-2024, 06:18 PM
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#6644
- stockbruh
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Originally Posted By Abzu⏩
Give us some Long calls your bullish on I got some money to gambleI would start thinking about selling as soon as it hits $32 and then reassess, this is a week where things can change directions very quickly so you want to make sure you don't miss a sell if you want it.
Range on it appears to be ~$12.50 to ~$21.50 and I would favor a move to ~$12.50, if it goes to ~$21.50 first and then fails, expect ~$12.50 to come eventually.
Range on it appears to be ~$12.50 to ~$21.50 and I would favor a move to ~$12.50, if it goes to ~$21.50 first and then fails, expect ~$12.50 to come eventually.
08-13-2024, 06:31 PM
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#6645
Originally Posted By RobParks2M⏩
I held an option to zero one time long time ago, I will never forget that feeling, lol, never again,Bruh you out here talking like you’ve never held an option to $0 before. It’s not that big of a deal and happens to the best of us.
Also cuz this made me remember. You said you risk 1% and sell at 2% profit. So does that mean if you had a $100,000 account your position size is $1,000 and you sell if it hits $1,020? I wasn’t sure if that’s what you meant.
Also cuz this made me remember. You said you risk 1% and sell at 2% profit. So does that mean if you had a $100,000 account your position size is $1,000 and you sell if it hits $1,020? I wasn’t sure if that’s what you meant.
The way I prefer daytrading if I have high conviction is a $10,000 position, I’m willing to lose 100 bucks aka 1% before trailing stoploss sells the position for me, but in the case of Nvidia today that was an easy over 4% gain, I couldn’t see that 7% rise, but a few days ago it popped 10%, so if you’re having a good day, you could make $1000, that has happened to me before. if I see too much volatility, I will sometimes cancel my stop loss,
I try to keep an eye on the runners, even though I love stocks like Amazon and Google, but they don’t move, I like stuff that moves, namely I’m always checking on nvda AMD, and Tesla, sometimes something can happen in Enph, but stuff like that is much harder to catch, because it’s unpredictable. I would never dare trade Penny stocks or pharmaceuticals, etc., so the position size has to be big in order to make meaningful profit,.
if I see something going on in Google, for example, I would be willing to daytrade with a $20,000 position or more, because the stock moves really slowly and it’s a very good stock, so that there isn’t much risk and also I can get out quickly with minimal damage if something goes wrong.
08-14-2024, 08:06 AM
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#6646
08-14-2024, 08:08 AM
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#6647
Originally Posted By kusok⏩
Google is down like $6 right now, how much money would you be down if you put 20K into it?if I see something going on in Google, for example, I would be willing to daytrade with a $20,000 position or more, because the stock moves really slowly and it’s a very good stock, so that there isn’t much risk and also I can get out quickly with minimal damage if something goes wrong.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-14-2024, 08:09 AM
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#6648
Originally Posted By stockbruh⏩
I think it would be better for me to wait until market close in case you want to ask me questions about them but a few I bought recently were LYFT, AAL and F.Give us some Long calls your bullish on I got some money to gamble
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-14-2024, 08:12 AM
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#6649
Originally Posted By Destor⏩
Folks were front running the CPI thinking it would come in at <2.7 due to PPI coming in so low lol the market is very tricky.Inflation numbers come in as expected and yet rate cut probabilities become less aggressive than previously expected, go figure
So now you have people unwinding their positions from yesterday because they didn't get what they wanted.
Good is not good enough anymore.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-14-2024, 10:00 AM
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#6650
- GeneralSerpant
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Originally Posted By Abzu⏩
It's not doing bad in the broad scheme of market and AI weathering that's going on right now from the investor pit.Google is down like $6 right now, how much money would you be down if you put 20K into it?
08-14-2024, 10:02 AM
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#6651
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Alright. Game time. Anybody expecting a sell off of Nvidia before the 28th? I'm thinking it's gonna reach 121-125.
08-14-2024, 10:07 AM
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#6652
08-14-2024, 11:15 AM
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#6653
Originally Posted By GeneralSerpant⏩
I would say a 50% chance it goes to ~$125 but a 70% chance it doesn't cross and hold above it.Alright. Game time. Anybody expecting a sell off of Nvidia before the 28th? I'm thinking it's gonna reach 121-125.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
08-14-2024, 01:24 PM
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#6654
Originally Posted By Abzu⏩
I’d set a stop loss at 1% trailing, so I’d be out if I lost at most $200Google is down like $6 right now, how much money would you be down if you put 20K into it?
I wouldn’t take a google trade today. I’d like to see either a massive capitulation, 66% of all stocks moving up on the day, or some news etc. I think Google is a very good dca here at this price. Should be a $220 stock, and will be.
08-14-2024, 01:26 PM
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#6655
Originally Posted By stockbruh⏩
If you borrow more than 25% of your portfolio, you are playing with fire.PLTR running ������ ������ plz give me just one pull back before we hit 40$ I’ll use as much margin as they’ll let me
08-14-2024, 02:48 PM
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#6656
08-14-2024, 03:10 PM
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#6657
Originally Posted By stockbruh⏩
But here it’s the money that you don’t have, so in your situation the expression should be perhaps something like: scared no money makes lots of money for the lender when the brave no money gets liquidated.Scared money don’t make money
Or:
Not scared no money don’t make money.
08-14-2024, 05:28 PM
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#6658
- stockbruh
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Originally Posted By kusok⏩
I have covered calls sold on all my stocks so how can they liquidate me lolBut here it’s the money that you don’t have, so in your situation the expression should be perhaps something like: scared no money makes lots of money for the lender when the brave no money gets liquidated.
Or:
Not scared no money don’t make money.
Or:
Not scared no money don’t make money.
08-14-2024, 05:50 PM
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#6659
- usersignup2
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Originally Posted By stockbruh⏩
regarding margin:I have covered calls sold on all my stocks so how can they liquidate me lol
are you asking "what is the process of liquidating my account?" - force BTC your contracts, force sale of assets in your account to cover margin.
or are you stating, "they can't liquidate me because I have covered calls" - ooohh yes, they can
08-14-2024, 06:30 PM
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#6660
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By usersignup2⏩
Buddy about to find out how fast his options can become uncovered LMAOregarding margin:
are you asking "what is the process of liquidating my account?" - force BTC your contracts, force sale of assets in your account to cover margin.
or are you stating, "they can't liquidate me because I have covered calls" - ooohh yes, they can
are you asking "what is the process of liquidating my account?" - force BTC your contracts, force sale of assets in your account to cover margin.
or are you stating, "they can't liquidate me because I have covered calls" - ooohh yes, they can
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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