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Posted: 1/28/2021 2:09:27 AM EDT
[#1]
What sectors to watch....? I'm thinking automotive will do a bounce (maybe over 2 to 3 months if covid goes away soon, but it will follow covid lockdown if that continues), oil is going to take a big hit, oil transportation will have a small bounce with a strong climb (gotta import it since we can't produce our own), tech is in the clown world from my perspective (I dont know/understand enough to speculate), industrials will take a dive and stay down.
What else should I be on the look out for? |
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Posted: 1/28/2021 3:15:21 AM EDT
[#2]
The Biden reality may have spooked the market. Pre-market is down. Hopefully its just a pullback. But if it continues a stampede out could happen. The Hang Seng is down over 2%. Not good since we are now married to an ugly Asian chick.
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Posted: 1/28/2021 3:49:14 PM EDT
[#3]
@spidey07 be watching his GME shares like "Run Bull Run!"
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Posted: 1/28/2021 4:14:06 PM EDT
[#4]
Quote HistoryQuoted: @spidey07 be watching his GME shares like "Run Bull Run!" Lol! I like risk but fuck all that. Let the traders trade, ill just be the long turtle. |
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Posted: 1/28/2021 4:17:51 PM EDT
[#5]
Looks like yesterday was a little pull back. Can't say I have faith in the market anymore with communists running the country. I'm fully hedged, so it doesn't matter what it does.
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Posted: 1/28/2021 4:20:58 PM EDT
[#6]
Quote HistoryQuoted: Lol! I like risk but fuck all that. Let the traders trade, ill just be the long turtle. Quote HistoryQuoted: Quoted: @spidey07 be watching his GME shares like "Run Bull Run!" Lol! I like risk but fuck all that. Let the traders trade, ill just be the long turtle. FWIW- there’s an old Wall Street saying that said, “Traders drive Chevy’s Investors drive Cadillacs.” |
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Posted: 1/28/2021 4:58:46 PM EDT
[#7]
Quote HistoryQuoted: Looks like yesterday was a little pull back. Can't say I have faith in the market anymore with communists running the country. I'm fully hedged, so it doesn't matter what it does. With Robinhood rumored to be selling shares without owner consent, I think faith in the markets is quickly exiting stage left. |
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Posted: 1/28/2021 5:09:57 PM EDT
[#8]
Quote HistoryQuoted: With Robinhood rumored to be selling shares without owner consent, I think faith in the markets is quickly exiting stage left. Quote HistoryQuoted: Quoted: Looks like yesterday was a little pull back. Can't say I have faith in the market anymore with communists running the country. I'm fully hedged, so it doesn't matter what it does. With Robinhood rumored to be selling shares without owner consent, I think faith in the markets is quickly exiting stage left. That's some real commie shit right there! I'm done "clipping coupons" in the stock market for a while. When it drops 40 -50% I'll buy back in. |
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Posted: 1/28/2021 5:11:42 PM EDT
[#9]
Quote HistoryQuoted: With Robinhood rumored to be selling shares without owner consent, I think faith in the markets is quickly exiting stage left. Quote HistoryQuoted: Quoted: Looks like yesterday was a little pull back. Can't say I have faith in the market anymore with communists running the country. I'm fully hedged, so it doesn't matter what it does. With Robinhood rumored to be selling shares without owner consent, I think faith in the markets is quickly exiting stage left. I've seen the posts but if that is true, that's FO time level of activity. Some people were due to walk away with 7-8 figures. |
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Posted: 1/28/2021 6:47:00 PM EDT
[#10]
Quoted: That's some real commie shit right there! I'm done "clipping coupons" in the stock market for a while. When it drops 40 -50% I'll buy back in. Quoted: I've seen the posts but if that is true, that's FO time level of activity. Some people were due to walk away with 7-8 figures. Like I said, rumors. Some are inferring it may have been purchases using unsettled funds, which are on margin. If GME moon shoots tomorrow, some people are going to be livid. |
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Posted: 1/28/2021 7:15:39 PM EDT
[#11]
Quote HistoryQuoted: Anyone keeping an eye on the GME "Naked" short situation????? It could pop like a zit if the stars align .....I'm thinking when/if it cracks 11.00 .....11.23 was the 52wk high https://www.ar15.com/forums/General/DOW-futures-drop-below-25-000/5-2300441/?page=203 Physical silver for me at this point All I have left in Robinhood is AG......getting ready to close it out soon |
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Posted: 1/28/2021 7:30:33 PM EDT
[#12]
Closed out all my Robinhood positions and pulled my money. I’m gonna move it over to my Vanguard account and buy mostly the same stuff.
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Posted: 1/28/2021 8:04:26 PM EDT
[#13]
Quote HistoryQuoted: https://www.ar15.com/forums/General/DOW-futures-drop-below-25-000/5-2300441/?page=203 Physical silver for me at this point All I have left in Robinhood is AG......getting ready to close it out soon Boom. Good call months back. I like phys. silver also. One of the few assets not yet in historical bubble territory. Inflation worries and industrial use in green energy solar panels and electric cars should help fuel demand. |
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Posted: 1/29/2021 11:00:17 AM EDT
[#14]
Quote HistoryQuoted: Closed out all my Robinhood positions and pulled my money. I’m gonna move it over to my Vanguard account and buy mostly the same stuff. You can do a transfer in kind and avoid realizing gains if you haven't sold already. |
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Posted: 1/29/2021 11:51:23 AM EDT
[#15]
Quote HistoryQuoted: You can do a transfer in kind and avoid realizing gains if you haven't sold already. Yeah I know but it wasn’t a significant amount of money. |
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Posted: 1/29/2021 12:06:45 PM EDT
[#16]
Quote HistoryQuoted: Boom. Good call months back. I like phys. silver also. One of the few assets not yet in historical bubble territory. Inflation worries and industrial use in green energy solar panels and electric cars should help fuel demand. I hold a decent amount of physical silver. I just bought SLV June $50 calls They're cheap at the moment if you believe silver is going to run |
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Posted: 1/29/2021 12:35:36 PM EDT
[#17]
This will spice things up.
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Posted: 1/29/2021 1:49:46 PM EDT
[#18]
Quote HistoryQuoted: This will spice things up.
As an Indian shouldn't Warren be familiar with casinos? |
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Posted: 1/29/2021 2:07:33 PM EDT
[#19]
Quote HistoryQuoted: This will spice things up.
A small handful of stocks run into a short-squeeze and bubble, and now we're gonna get a market wide screwing. Great. |
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Posted: 1/29/2021 3:43:31 PM EDT
[#20]
Quote HistoryQuoted: This will spice things up.
Warren has been wanting to nationalize the Fortune 500 for years. Gamestop and Robinhood now give her a beachhead to intervene. You are now witnessing the government destroy the greatest bull market in financial history. The stampede out has begun. A Deliverance style butt pounding is coming to Wall Street on Monday. |
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Posted: 1/29/2021 7:11:50 PM EDT
[#21]
Quote HistoryQuoted: This will spice things up.
LOL. Musk better tell her to fuck off. |
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Posted: 1/29/2021 7:37:37 PM EDT
[#22]
Quote HistoryQuoted: Warren has been wanting to nationalize the Fortune 500 for years. Gamestop and Robinhood now give her a beachhead to intervene. You are now witnessing the government destroy the greatest bull market in financial history. The stampede out has begun. A Deliverance style butt pounding is coming to Wall Street on Monday. Paul Krugman promised a Biden Boom! |
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Posted: 1/29/2021 7:59:44 PM EDT
[#23]
Quote HistoryQuoted: Warren has been wanting to nationalize the Fortune 500 for years. Gamestop and Robinhood now give her a beachhead to intervene. You are now witnessing the government destroy the greatest bull market in financial history. The stampede out has begun. A Deliverance style butt pounding is coming to Wall Street on Monday. Quote HistoryQuoted: Quoted: This will spice things up.
Warren has been wanting to nationalize the Fortune 500 for years. Gamestop and Robinhood now give her a beachhead to intervene. You are now witnessing the government destroy the greatest bull market in financial history. The stampede out has begun. A Deliverance style butt pounding is coming to Wall Street on Monday. Lol! It’s all crashing on Monday. Right? A 2% drop is a stampede out? L o fucking L. Man do people have such short term memories. They’re gonna stampede to cash? Only the stupid motherfuckers will. Look back at this thread. |
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Posted: 1/29/2021 8:02:10 PM EDT
[#24]
Quote HistoryQuoted: Lol! It’s all crashing on Monday. Right? A 2% drop is a stampede out? L o fucking L. Man do people have such short term memories. They’re gonna stampede to cash? Only the stupid motherfuckers will. Look back at this thread. More than 2% off the high. Monday will probably be ugly just because of all the manipulation that has been going on. And today was the first day I've shorted the market in forever. My account went up 20%. |
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Posted: 1/29/2021 8:28:39 PM EDT
[#25]
Quote HistoryQuoted: More than 2% off the high. Monday will probably be ugly just because of all the manipulation that has been going on. And today was the first day I've shorted the market in forever. My account went up 20%. Quote HistoryQuoted: Quoted: Lol! It’s all crashing on Monday. Right? A 2% drop is a stampede out? L o fucking L. Man do people have such short term memories. They’re gonna stampede to cash? Only the stupid motherfuckers will. Look back at this thread. More than 2% off the high. Monday will probably be ugly just because of all the manipulation that has been going on. And today was the first day I've shorted the market in forever. My account went up 20%. I get that. Fuck, I hope we have a true correction again of down 10% off highs. Folks will panic sell and I’ll panic buy...again. That’s the short term memory I’m talking about. OMG! January was actually a down month! Like they don’t even member march, like they don’t member 2019. And my turtle ass just keeps buying. Market up buy. Market down big, buy more. I’m ready as it’s taken 6-9 months to get me out of cash poor mode. |
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Posted: 1/29/2021 8:50:22 PM EDT
[#26]
Fucking ironic that a brand named Robinhood; would fucking back the big pocket investors instead of the little guy. Fuck them.
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Posted: 1/29/2021 9:12:04 PM EDT
[#27]
Quote HistoryQuoted: Lol! It’s all crashing on Monday. Right? A 2% drop is a stampede out? L o fucking L. Man do people have such short term memories. They’re gonna stampede to cash? Only the stupid motherfuckers will. Look back at this thread. Quote HistoryQuoted: Quoted: Quoted: This will spice things up.
Warren has been wanting to nationalize the Fortune 500 for years. Gamestop and Robinhood now give her a beachhead to intervene. You are now witnessing the government destroy the greatest bull market in financial history. The stampede out has begun. A Deliverance style butt pounding is coming to Wall Street on Monday. Lol! It’s all crashing on Monday. Right? A 2% drop is a stampede out? L o fucking L. Man do people have such short term memories. They’re gonna stampede to cash? Only the stupid motherfuckers will. Look back at this thread. You and I are usually on the same page, but things are different now. Because we communist now. Uncharted territory. Fools are running the ship. I'll buy back in after the correction. |
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Posted: 1/29/2021 9:12:31 PM EDT
[#28]
Cool
I just put 1k in my roth |
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Posted: 1/29/2021 10:00:44 PM EDT
[#29]
Quote HistoryQuoted: I get that. Fuck, I hope we have a true correction again of down 10% off highs. Folks will panic sell and I’ll panic buy...again. That’s the short term memory I’m talking about. OMG! January was actually a down month! Like they don’t even member march, like they don’t member 2019. And my turtle ass just keeps buying. Market up buy. Market down big, buy more. I’m ready as it’s taken 6-9 months to get me out of cash poor mode. Quote HistoryQuoted: Quoted: Quoted: Lol! It’s all crashing on Monday. Right? A 2% drop is a stampede out? L o fucking L. Man do people have such short term memories. They’re gonna stampede to cash? Only the stupid motherfuckers will. Look back at this thread. More than 2% off the high. Monday will probably be ugly just because of all the manipulation that has been going on. And today was the first day I've shorted the market in forever. My account went up 20%. I get that. Fuck, I hope we have a true correction again of down 10% off highs. Folks will panic sell and I’ll panic buy...again. That’s the short term memory I’m talking about. OMG! January was actually a down month! Like they don’t even member march, like they don’t member 2019. And my turtle ass just keeps buying. Market up buy. Market down big, buy more. I’m ready as it’s taken 6-9 months to get me out of cash poor mode. Short term memory means also ignore Lehman. You can’t divide by zero and survive.  Attached File |
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Posted: 1/29/2021 10:12:06 PM EDT
[#30]
Quote HistoryQuoted: Short term memory means also ignore Lehman. You can’t divide by zero and survive. https://www.ar15.com/media/mediaFiles/200878/3B265EA1-2073-43B0-82D1-F4D1EC7282A0_jpe-1802592.JPG Quote HistoryQuoted: Quoted: Quoted: Quoted: Lol! It’s all crashing on Monday. Right? A 2% drop is a stampede out? L o fucking L. Man do people have such short term memories. They’re gonna stampede to cash? Only the stupid motherfuckers will. Look back at this thread. More than 2% off the high. Monday will probably be ugly just because of all the manipulation that has been going on. And today was the first day I've shorted the market in forever. My account went up 20%. I get that. Fuck, I hope we have a true correction again of down 10% off highs. Folks will panic sell and I’ll panic buy...again. That’s the short term memory I’m talking about. OMG! January was actually a down month! Like they don’t even member march, like they don’t member 2019. And my turtle ass just keeps buying. Market up buy. Market down big, buy more. I’m ready as it’s taken 6-9 months to get me out of cash poor mode. Short term memory means also ignore Lehman. You can’t divide by zero and survive. https://www.ar15.com/media/mediaFiles/200878/3B265EA1-2073-43B0-82D1-F4D1EC7282A0_jpe-1802592.JPG If it crashes 50% I’ll be absolutely fucking giddy with excitement and take out another heloc and buy my ass off. I’ll fucking do it again.jpg |
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Posted: 1/29/2021 10:14:33 PM EDT
[#31]
Quote HistoryQuoted: I get that. Fuck, I hope we have a true correction again of down 10% off highs. Folks will panic sell and I’ll panic buy...again. That’s the short term memory I’m talking about. OMG! January was actually a down month! Like they don’t even member march, like they don’t member 2019. And my turtle ass just keeps buying. Market up buy. Market down big, buy more. I’m ready as it’s taken 6-9 months to get me out of cash poor mode. I'm just over here playing the emotions now. The whole market is insane at this point. I figure Monday is just going to be nuts. Either all the meme stock people losing their money and liquidating their accounts or hedge fund people doing it. |
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Posted: 1/29/2021 10:19:16 PM EDT
[#32]
Quote HistoryQuoted: I get that. Fuck, I hope we have a true correction again of down 10% off highs. Folks will panic sell and I’ll panic buy...again. That’s the short term memory I’m talking about. OMG! January was actually a down month! Like they don’t even member march, like they don’t member 2019. And my turtle ass just keeps buying. Market up buy. Market down big, buy more. I’m ready as it’s taken 6-9 months to get me out of cash poor mode. 10% shiiiit.... I'm hoping 25%. 
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Posted: 1/29/2021 10:23:11 PM EDT
[#33]
Quote HistoryQuoted: FWIW- there’s an old Wall Street saying that said, “Traders drive Chevy’s Investors drive Cadillacs.” Quote HistoryQuoted: Quoted: Quoted: @spidey07 be watching his GME shares like "Run Bull Run!" Lol! I like risk but fuck all that. Let the traders trade, ill just be the long turtle. FWIW- there’s an old Wall Street saying that said, “Traders drive Chevy’s Investors drive Cadillacs.” Interesting, considering I am 100% a day trader and could pay cash for an entire parking lot of Cadillacs. |
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Posted: 1/29/2021 10:25:55 PM EDT
[#34]
Quote HistoryQuoted: This will spice things up.
Exactly what fucking steps are you going to take and who decides what the fundamentals dictate for a price? That's going to be a shitstorm composed of multiple shitstorms all forming together. |
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Posted: 1/29/2021 10:29:33 PM EDT
[#35]
Quote HistoryQuoted: If it crashes 50% I’ll be absolutely fucking giddy with excitement and take out another heloc and buy my ass off. I’ll fucking do it again.jpg Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Lol! It’s all crashing on Monday. Right? A 2% drop is a stampede out? L o fucking L. Man do people have such short term memories. They’re gonna stampede to cash? Only the stupid motherfuckers will. Look back at this thread. More than 2% off the high. Monday will probably be ugly just because of all the manipulation that has been going on. And today was the first day I've shorted the market in forever. My account went up 20%. I get that. Fuck, I hope we have a true correction again of down 10% off highs. Folks will panic sell and I’ll panic buy...again. That’s the short term memory I’m talking about. OMG! January was actually a down month! Like they don’t even member march, like they don’t member 2019. And my turtle ass just keeps buying. Market up buy. Market down big, buy more. I’m ready as it’s taken 6-9 months to get me out of cash poor mode. Short term memory means also ignore Lehman. You can’t divide by zero and survive. https://www.ar15.com/media/mediaFiles/200878/3B265EA1-2073-43B0-82D1-F4D1EC7282A0_jpe-1802592.JPG If it crashes 50% I’ll be absolutely fucking giddy with excitement and take out another heloc and buy my ass off. I’ll fucking do it again.jpg Well, that makes two of us unless gov intervention moves in, at which point I probably will never touch the market again. Twenty five years was a good run, though. |
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Posted: 1/29/2021 10:54:43 PM EDT
[#36]
Quote HistoryQuoted: Well, that makes two of us unless gov intervention moves in, at which point I probably will never touch the market again. Twenty five years was a good run, though. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Quoted: Lol! It’s all crashing on Monday. Right? A 2% drop is a stampede out? L o fucking L. Man do people have such short term memories. They’re gonna stampede to cash? Only the stupid motherfuckers will. Look back at this thread. More than 2% off the high. Monday will probably be ugly just because of all the manipulation that has been going on. And today was the first day I've shorted the market in forever. My account went up 20%. I get that. Fuck, I hope we have a true correction again of down 10% off highs. Folks will panic sell and I’ll panic buy...again. That’s the short term memory I’m talking about. OMG! January was actually a down month! Like they don’t even member march, like they don’t member 2019. And my turtle ass just keeps buying. Market up buy. Market down big, buy more. I’m ready as it’s taken 6-9 months to get me out of cash poor mode. Short term memory means also ignore Lehman. You can’t divide by zero and survive. https://www.ar15.com/media/mediaFiles/200878/3B265EA1-2073-43B0-82D1-F4D1EC7282A0_jpe-1802592.JPG If it crashes 50% I’ll be absolutely fucking giddy with excitement and take out another heloc and buy my ass off. I’ll fucking do it again.jpg Well, that makes two of us unless gov intervention moves in, at which point I probably will never touch the market again. Twenty five years was a good run, though. If serious ltcg changes are made I may just take all taxable out and toss in tax sheltered income products. My entire tax planning is based around ltcg. Fuck it, at that point it makes no sense for me to invest more. That’s what scares me the most. |
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Posted: 1/29/2021 11:08:53 PM EDT
[#37]
Quote HistoryQuoted: If it crashes 50% I’ll be absolutely fucking giddy with excitement and take out another heloc and buy my ass off. I’ll fucking do it again.jpg Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Lol! It’s all crashing on Monday. Right? A 2% drop is a stampede out? L o fucking L. Man do people have such short term memories. They’re gonna stampede to cash? Only the stupid motherfuckers will. Look back at this thread. More than 2% off the high. Monday will probably be ugly just because of all the manipulation that has been going on. And today was the first day I've shorted the market in forever. My account went up 20%. I get that. Fuck, I hope we have a true correction again of down 10% off highs. Folks will panic sell and I’ll panic buy...again. That’s the short term memory I’m talking about. OMG! January was actually a down month! Like they don’t even member march, like they don’t member 2019. And my turtle ass just keeps buying. Market up buy. Market down big, buy more. I’m ready as it’s taken 6-9 months to get me out of cash poor mode. Short term memory means also ignore Lehman. You can’t divide by zero and survive. https://www.ar15.com/media/mediaFiles/200878/3B265EA1-2073-43B0-82D1-F4D1EC7282A0_jpe-1802592.JPG If it crashes 50% I’ll be absolutely fucking giddy with excitement and take out another heloc and buy my ass off. I’ll fucking do it again.jpg We're all just vultures now spidey, circling wall street, waiting for the easy meal. Its called "unity." |
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Posted: 1/29/2021 11:28:00 PM EDT
[#38]
Spidey's advice got me to get aggressive as fuck since last March, and it paid off quite well.
While things are certainly more convolutedly fucky this time, I now see how fear can fuck people up badly. I'll ride out whatever comes my way and still max dca my 401k with 80/20 s&p and djia. Already paid off this year's roth ira so I don't have to worry about funding that atm (although it would have been killer to have timed that during a 10% correction but whatever). I don't like this situation, but fuck it. It's only money. May as well have fun seeing where it goes in the long run. |
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Posted: 1/29/2021 11:50:29 PM EDT
[#39]
Quote HistoryQuoted: Well, that makes two of us unless gov intervention moves in, at which point I probably will never touch the market again. Twenty five years was a good run, though. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Quoted: Lol! It’s all crashing on Monday. Right? A 2% drop is a stampede out? L o fucking L. Man do people have such short term memories. They’re gonna stampede to cash? Only the stupid motherfuckers will. Look back at this thread. More than 2% off the high. Monday will probably be ugly just because of all the manipulation that has been going on. And today was the first day I've shorted the market in forever. My account went up 20%. I get that. Fuck, I hope we have a true correction again of down 10% off highs. Folks will panic sell and I’ll panic buy...again. That’s the short term memory I’m talking about. OMG! January was actually a down month! Like they don’t even member march, like they don’t member 2019. And my turtle ass just keeps buying. Market up buy. Market down big, buy more. I’m ready as it’s taken 6-9 months to get me out of cash poor mode. Short term memory means also ignore Lehman. You can’t divide by zero and survive. https://www.ar15.com/media/mediaFiles/200878/3B265EA1-2073-43B0-82D1-F4D1EC7282A0_jpe-1802592.JPG If it crashes 50% I’ll be absolutely fucking giddy with excitement and take out another heloc and buy my ass off. I’ll fucking do it again.jpg Well, that makes two of us unless gov intervention moves in, at which point I probably will never touch the market again. Twenty five years was a good run, though. It's coming. The question is in what flavor. |
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Posted: 1/29/2021 11:53:15 PM EDT
[#40]
Quote HistoryQuoted: Interesting, considering I am 100% a day trader and could pay cash for an entire parking lot of Cadillacs. ...and Cadillac's are just fancy Chevys
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Posted: 1/30/2021 12:07:00 AM EDT
[#41]
Quote HistoryQuoted: Fucking ironic that a brand named Robinhood; would fucking back the big pocket investors instead of the little guy. Fuck them. Quote HistoryQuoted: Fucking ironic that a brand named Robinhood; would fucking back the big pocket investors instead of the little guy. Fuck them. Robinhood didn't halt trading just because they hate you, they did it because Citadel made them. Robinhood can't actually place your order themselves, they need to go to a market maker to find a counterparty for you. Citadel actually pays robinhood for this, because your trades are free money for them - they overcharge you on the spread, and they place their own trades immediately before yours to take advantage of price movement. They're the ones who want you to lose money: they bailed out the biggest hedge fund shorting Gamestop, Melvin, so now they own a huge chunk of that fund. So now that they want the shorts to win, and the retail traders (you) to lose, they told robinhood to get lost, they just wouldn't be accepting buy orders on these stocks. Just sells. (This has never happened before.) Only then did Robinhood turn around and stab its retail traders in the back - because, of course, you're not their customer. Citadel is their customer. You're their product. |
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Posted: 1/30/2021 12:29:16 AM EDT
[#42]
Pop quiz for Spidey, or anyone else that wants to play. No prizes, fewer rules.
I was tired of hearing how the market returns average so and so over x year time. Everyone in the market did't buy in on Jan 1 and hold it for X years. If you traded in and out returns would be all over the place. So I threw the SPY numbers from last year on a spreadsheet. Say Santa Clause gave you two coupons, one for a buy order and one for a sell order on SPY. You could have bought in at the beginning of the year and held all the way, or got in and out at any day at the opening price through to the last trading day of 2020. There were 31,878 possible investment outcomes in the SPY as a proxy for the broad market last year (6700 were negative). Guess; Worst possible return Best possible return Median/50th percentile return I'll give the answers tomorrow so this side quest doesn't wreck the thread. |
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Posted: 1/30/2021 12:36:00 AM EDT
[#43]
I've more than doubled my IRA with this Gamestop stuff. I also sold off enough a day or two ago to cover my initial investment, so even if GME literally goes to $0 on Monday, I'm still good. Maybe if I'm lucky it'll skyrocket.
The trick is to know when to flinch. Got to get out before the mass exodus. Lots of people on WSB saying they'll hold damn near forever to fuck over the hedge funds, but if you hold too long you'll end up in the negatives. As much as I totally understand the sentiment, I'm also here to make money. Watching my IRA almost triple over the past week has been amazing. |
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Posted: 1/30/2021 12:46:50 AM EDT
[#44]
Quote HistoryQuoted: I've more than doubled my IRA with this Gamestop stuff. I also sold off enough a day or two ago to cover my initial investment, so even if GME literally goes to $0 on Monday, I'm still good. Maybe if I'm lucky it'll skyrocket. The trick is to know when to flinch. Got to get out before the mass exodus. Lots of people on WSB saying they'll hold damn near forever to fuck over the hedge funds, but if you hold too long you'll end up in the negatives. As much as I totally understand the sentiment, I'm also here to make money. Watching my IRA almost triple over the past week has been amazing. All of the options that expired today have to settle early next week. There should be decent movement depending on who has to cover and at what cost. Your gains are good, until the government decides to unwind anyone who bought in last week. Rumblings already going around on that. Disclosure: I have VIX calls for next week. |
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Posted: 1/30/2021 12:54:36 AM EDT
[#45]
Not with BIG $$...but on Wednesday I bought SPY $384 WEEKLY Puts that expired today...for $1.42 iirc.
about 45 mins later I sold them for around $1.60 after they had gone up to $1.75. Yesterday...i know they went $7 bid...and today probably $12 bid...  Freaking fear got me....  I did sell a few Dow 30 Futures contracts though that i'm holding over the weekend...so hopefully we open up modestly down and it keeps going. All these big pumped up bullshit stocks ..even like Tesla are moving down...so hopefully some air is coming out. |
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Posted: 1/30/2021 2:13:12 AM EDT
[#46]
I bet the Fed knows the shitstorm is coming Monday and will start pumping in a Trillion dollar transfusion right away. Can't let a market drop more than 2% in clown world. Brrrrrrrrrrt
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Posted: 1/30/2021 8:57:39 AM EDT
[#47]
Quote HistoryQuoted: All of the options that expired today have to settle early next week. There should be decent movement depending on who has to cover and at what cost. Your gains are good, until the government decides to unwind anyone who bought in last week. Rumblings already going around on that. Disclosure: I have VIX calls for next week. I was so tempted to buy VIX calls for next week. |
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Posted: 1/30/2021 10:19:24 AM EDT
[#48]
Quote HistoryQuoted: Pop quiz for Spidey, or anyone else that wants to play. No prizes, fewer rules. I was tired of hearing how the market returns average so and so over x year time. Everyone in the market did't buy in on Jan 1 and hold it for X years. If you traded in and out returns would be all over the place. So I threw the SPY numbers from last year on a spreadsheet. Say Santa Clause gave you two coupons, one for a buy order and one for a sell order on SPY. You could have bought in at the beginning of the year and held all the way, or got in and out at any day at the opening price through to the last trading day of 2020. There were 31,878 possible investment outcomes in the SPY as a proxy for the broad market last year (6700 were negative). Guess; Worst possible return Best possible return Median/50th percentile return I'll give the answers tomorrow so this side quest doesn't wreck the thread. The Sp500 averages thrown around of 7-8% are inflation adjusted over any 30 year time frame if you buy and hold/dollar cost average during that 30 year time frame. It’s used for long term financial planning. The getting in and out is what kills those average returns. Just missing a few of the big days kills the long term average. |
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Posted: 1/30/2021 10:29:02 AM EDT
[#49]
Quote HistoryQuoted: Fucking ironic that a brand named Robinhood; would fucking back the big pocket investors instead of the little guy. Fuck them. What’s amazing is how people didn’t realize this till now. Literally their business model is to sell your “free” trades to high frequency trading hedge funds to stack your orders. They get a small amount each trade structuring your trades favorably to them and not favorably to you. You get a slightly worse price. If that sounds like office space “salami slicing” it basically is. Did any of the rubes who have ever used Robinhood even realize this before signing up? Mere use of Robinhood tells me that someone is a RUBE and think a lot more of their investing prowess than actually exists. |
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Posted: 1/30/2021 10:43:37 AM EDT
[#50]
Quote HistoryQuoted: If it crashes 50% I’ll be absolutely fucking giddy with excitement and take out another heloc and buy my ass off. I’ll fucking do it again.jpg So question. Why not preserve what I have now but go on buying? |
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