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Forum » **OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
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Thread: **OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION

post 1705161371 08-17-2024, 03:22 PM
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#6721
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Originally Posted By gore313⏩
What is this strategy called when if I have 20k in cash and I think Nvidia will go up so I buy 20k worth of stocks at 124 and plan to sell when it hits 126 to make around $600. Is this something people do? Or is it stupid?
First, your math is off a little. People do it, usually on a short time frame, called a scalp.

Is it stupid? Well, how would you feel if it dropped to 120?
post 1705162861 08-17-2024, 04:15 PM
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#6722
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Originally Posted By gore313⏩
What is this strategy called when if I have 20k in cash and I think Nvidia will go up so I buy 20k worth of stocks at 124 and plan to sell when it hits 126 to make around $600. Is this something people do? Or is it stupid?
It’s called a swing trade, or even a daytrade if the stock decides to move a couple of dollars up quickly, But if it decides not to do that or in fact go down, it may be called a very long-term trade lol

In this case, I think there is more than 50% chance nah videa will go to 130 and possibly 150. But You never know, the swing low is actually like $40 lol

If you buy at 124 and it goes to 40, that trade would be called getting rekt
post 1705166271 08-17-2024, 05:59 PM
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#6723
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Originally Posted By gore313⏩
What is this strategy called when if I have 20k in cash and I think Nvidia will go up so I buy 20k worth of stocks at 124 and plan to sell when it hits 126 to make around $600. Is this something people do? Or is it stupid?
Gambling.
post 1705170701 08-17-2024, 08:05 PM
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#6724
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^monicas lmao
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1705212611 08-18-2024, 09:26 PM
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#6725
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It looks like Pltr stays consistently overpriced. It's rising now along with the market's expectations, but it still seems like whether you're buying it now or even at $22 it's overpriced. That's the only way you can buy it.
post 1705218211 08-19-2024, 03:40 AM
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#6726
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Buying Google here while no one is looking. If drops moar, buy again. This sheit going to $200

I don’t think people realize that breakup isn’t going to happen, politicians and government do this sheit every day to tech giants and never with any damage to stock price, but if it does break up, that is good for the stock. Individual parts are more than the whole etc.
post 1705218251 08-19-2024, 03:42 AM
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#6727
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Originally Posted By GeneralSerpant⏩
It looks like Pltr stays consistently overpriced. It's rising now along with the market's expectations, but it still seems like whether you're buying it now or even at $22 it's overpriced. That's the only way you can buy it.
Use the cheat code. Cash secure put. You buy at your preferred price or not at all. Either way you get paid.
post 1705221681 08-19-2024, 06:43 AM
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#6728
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Hope y’all didn’t sell your ZIM. Good God.
post 1705222831 08-19-2024, 07:25 AM
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#6729
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ZIM crushed it, I had $20 calls on top of my longs. Surprised at such a muted move premarket.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1705225941 08-19-2024, 08:54 AM
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#6730
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Pelosi networks ahem I mean Palo Alto networks earnings today
STEM Wagie Brah
Oil/commodity based trader
post 1705226021 08-19-2024, 08:55 AM
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#6731
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Added more ZIM & FUBO
post 1705227311 08-19-2024, 09:30 AM
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#6732
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Originally Posted By TugOfPeace⏩
ZIM crushed it, I had $20 calls on top of my longs. Surprised at such a muted move premarket.
I thought your calls expired last Friday. Glad that wasn’t the case and you stuck to your guns!
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1705228351 08-19-2024, 09:51 AM
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#6733
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Originally Posted By RobParks2M⏩
I thought your calls expired last Friday. Glad that wasn’t the case and you stuck to your guns!
I bought more lol. Closed them this morning though.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1705230561 08-19-2024, 10:43 AM
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#6734
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I should have actually looked at RILY financial position and maybe some past quarterly earnings reports over the weekend. Can’t decide if I’d buy commons at the $4.50 inflection point or if I should sell what I’ve got. Maybe today lol
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1705232591 08-19-2024, 11:31 AM
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#6735
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Originally Posted By RobParks2M⏩
I should have actually looked at RILY financial position and maybe some past quarterly earnings reports over the weekend. Can’t decide if I’d buy commons at the $4.50 inflection point or if I should sell what I’ve got. Maybe today lol
If your confidence is shaky then you should probably exit ASAP and reassess the trade after you have no commitment to it.
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."
post 1705232751 08-19-2024, 11:33 AM
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#6736
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Originally Posted By TugOfPeace⏩
I bought more lol. Closed them this morning though.
That is how it is done, turn a loser into a winner, If the markets go against a confident trade then I see it as an opportunity to make even more money later if nothing has changed.
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."
post 1705232851 08-19-2024, 11:35 AM
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#6737
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Originally Posted By MinisterOfLust⏩
Added more ZIM & FUBO
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."
post 1705234131 08-19-2024, 12:00 PM
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#6738
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Originally Posted By usersignup2⏩
First, your math is off a little. People do it, usually on a short time frame, called a scalp.

Is it stupid? Well, how would you feel if it dropped to 120?
It’s at 128.6 right now, ****. Same thing with TTWO asked here about it when it was 136, but was too pussy, then in like a week went up to 150 lmao.
post 1705234371 08-19-2024, 12:08 PM
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#6739
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Originally Posted By gore313⏩
It’s at 128.6 right now, ****. Same thing with TTWO asked here about it when it was 136, but was too pussy, then in like a week went up to 150 lmao.
Did you sell?
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."
post 1705235521 08-19-2024, 12:34 PM
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#6740
  1. TugOfPeace
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Originally Posted By Abzu⏩
That is how it is done, turn a loser into a winner, If the markets go against a confident trade then I see it as an opportunity to make even more money later if nothing has changed.
I'm perplexed at the price action. This is why I was partly bearish, I figured the run up like a month ago to $23.40 would mean these present earnings would have it at 30ish.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1705237241 08-19-2024, 01:16 PM
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#6741
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Originally Posted By GeneralSerpant⏩
It looks like Pltr stays consistently overpriced. It's rising now along with the market's expectations, but it still seems like whether you're buying it now or even at $22 it's overpriced. That's the only way you can buy it.
PLTR.. overpriced... my guy..
post 1705237471 08-19-2024, 01:19 PM
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#6742
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Originally Posted By Abzu⏩
If your confidence is shaky then you should probably exit ASAP and reassess the trade after you have no commitment to it.
Nah like I said before my position is super small relative to my portfolio so if I lost it all I’d just shrug tbh. I’d need to be far more confident to add to my position though. The dividend suspension saves like $40-50 million annually so that will be good. There is still the $500m hole in the balance sheet though which is obviously concerning. I’m still comfortable with the preferred position since dividends are cumulative even if they don’t pay them for a little while they eventually get paid out.

There is potential of a short squeeze as the short interest was close to 100% of float last week before the $7 offer for shares for the CEO. I think without an 8-k though short interest is going back up today as speculators are betting that offer was BS that can’t be backed up by the co CEO.

I think I’d have to see their delayed quarterly results before I’d put more money into this but I’ll hold what I’ve got.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1705239951 08-19-2024, 02:08 PM
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#6743
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Originally Posted By RobParks2M⏩
Nah like I said before my position is super small relative to my portfolio so if I lost it all I’d just shrug tbh. I’d need to be far more confident to add to my position though. The dividend suspension saves like $40-50 million annually so that will be good. There is still the $500m hole in the balance sheet though which is obviously concerning. I’m still comfortable with the preferred position since dividends are cumulative even if they don’t pay them for a little while they eventually get paid out.

There is potential of a short squeeze as the short interest was close to 100% of float last week before the $7 offer for shares for the CEO. I think without an 8-k though short interest is going back up today as speculators are betting that offer was BS that can’t be backed up by the co CEO.

I think I’d have to see their delayed quarterly results before I’d put more money into this but I’ll hold what I’ve got.
If you're prepared for the worst then there should be nothing to worry about it, you already got the dividend cut sell-off with rate cuts on the horizon so the bottom shouldn't be too far off(if the market as a whole does not sell-off) and you do have nice upside if it works out.
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."
post 1705240541 08-19-2024, 02:19 PM
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#6744
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Originally Posted By Abzu⏩
If you're prepared for the worst then there should be nothing to worry about it, you already got the dividend cut sell-off with rate cuts on the horizon so the bottom shouldn't be too far off(if the market as a whole does not sell-off) and you do have nice upside if it works out.
All that’s left is the decision to either keep my position very small (10-15% of normal) or where/when to add.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1705243451 08-19-2024, 03:20 PM
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#6745
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Originally Posted By kusok⏩
Use the cheat code. Cash secure put. You buy at your preferred price or not at all. Either way you get paid.
The Put premiums are trash barely paying 1$ for the 30$ strike, ASTS puts paying 2.50 for the same price
post 1705243521 08-19-2024, 03:23 PM
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#6746
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When TF is Bitcoin gonna do something, I’m tired of seeing BITO drag down my portfolio I’d be at around 80 percent return for the year if it wasn’t red
post 1705250371 08-19-2024, 05:49 PM
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#6747
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Originally Posted By stockbruh⏩
When TF is Bitcoin gonna do something, I’m tired of seeing BITO drag down my portfolio I’d be at around 80 percent return for the year if it wasn’t red
I would hold the trash divi trap etf until it pops, and get the **** out.

as far as bitcoin goes, it will move when everyone gives up which definitely sounds like people are giving up. As long as there are leveraged longs, the big boiz will not allow the coin to go up, and rightfully so. Bitcoin likes liquidity, should be going up a lot by the end of the year, but you have to hold.
post 1705251491 08-19-2024, 06:22 PM
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#6748
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Originally Posted By stockbruh⏩
The Put premiums are trash barely paying 1$ for the 30$ strike, ASTS puts paying 2.50 for the same price
I’m not familiar with this other stock, but I would never base investment decision on premium, or on a dividend.

If I can get 1% per week, that’s great. 56% annualized return is insane. With pltr I sell whatever put gives me the stock price weekly, so $30, then I can roll if price drops, or take assignment.
post 1705260421 08-19-2024, 10:44 PM
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#6749
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aight folks did my DD. I won't be putting a single additional dollar into RILY. Will withdraw the dollars already spent assuming preferred shares don't drop to $4 tomorrow premarket. Company makes far too many mistakes for my liking. Might keep 100 shares just for fun to try and turn $600 into $2500 but not willing to gamble unnecessarily on this one specifically. Perhaps gamble on ASTS, PLTR, or CVNA puts 6 months-1 year out.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1705269311 08-20-2024, 07:42 AM
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#6750
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Inflation continues moving down in Canada, looks like we’re pretty well tee’d up for a third 0.25 cut
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