Reps to all those posting they’re gains with screenshots, kusok let’s see your boomer gains 👀
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06-13-2024, 09:14 AM #5941
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06-13-2024, 09:33 AM #5942
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06-13-2024, 10:30 AM #5943
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06-13-2024, 11:14 AM #5944
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,423
- Rep Power: 242268
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06-13-2024, 11:54 AM #5945
taken from a Twitter post and I think it applies perfectly for stock trading
Dunning-Kruger Effect
Unskilled Individuals overestimate their ability and experts underestimate their ability.
When you first learn something, you may think you're an expert even though you're not.
I was the unskilled individual for many years and probably blew through 100k+ over that time. I only remembered the money I made so I was fooling myself at how good I was.
If you're going to trade often, then journaling will keep you honest. Looking solely at your balance can hide a lot of your errors - errors that could be corrected and make you more profitable.2022 Option Trading Realized Gains: $125,348 USD
2023 Goal: $140,000
2023 Option Trading Realized Gains: $142,035 USD
2024 Goal: $80,000
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06-13-2024, 01:31 PM #5946
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06-13-2024, 02:15 PM #5947
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06-13-2024, 02:30 PM #5948
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06-13-2024, 02:54 PM #5949
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06-13-2024, 03:11 PM #5950
Yeah, check this out:
https://www.youtube.com/watch?v=IDD3i7fJo2w
Saw this earlier today. You've got a fund manager directly looking into the camera and demanding you get out of cash.
The market gets more and more disconnected from the economy every month. Feels like anything could happen. S&P 500 could just as easily be 1500 points up or 1500 points down this time next year.
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06-13-2024, 03:44 PM #5951
"If you wanna know what professionals are or should be telling clients right now - get out of cash"
LMAO, gotta love these commentators that state vague and outlandish things. Youtube comments on point.
I'm just curious how much a guy like this gets paid by hedge funds to push a narrative to tell people to move their cash into an all-time high market that is clearly been propped up.★★★ A State of Trance Crew ★★★
♞♞♞ Misc Horse Head Crew ♞♞♞
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06-13-2024, 03:46 PM #5952
He also said only if you don’t need that cash for the next couple years, idk how y’all think there’s gonna be a crash in an election year, these MF’s do not want trump to win and it’s already looking like there’s a 75 percent chance he will, you think they’d let a crash happen to gurantee he gets in there?IMO either you believe in A.I. changing the world or you don’t, and if you don’t then yea it’s prob time to get out the market
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06-13-2024, 04:08 PM #5953
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06-13-2024, 04:12 PM #5954
You’re correct, some stocks will slide, ones that rely on consuming, but tech isn’t going anywhere and if anything they’re profit margins are about to be 10x better. Also inflation is going down if people have lasted this long living paycheck to paycheck they can make it another year or 2.and just seen your comment about iPhones I assure you people my age will go a couple days without food or whatever they have to do to get the brand new iPhone
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06-13-2024, 10:35 PM #5955
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Yesterday, 07:37 AM #5956
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Yesterday, 07:43 AM #5957
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Yesterday, 08:00 AM #5958
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Yesterday, 08:03 AM #5959
I want to push out my expiration by a week. Kept the $30p for 6/28 and want to rebuy $35p for 6/28 as well. Might see a pop Monday to hop back in. Sold at $2.50 which was a solid gain. Makes me made cuz I could have done this on fuking Tuesday and rebought Wednesday or Thursday already but here we are. Fuk Schwab.
Also look at small cap vs any other index. Dow and sp down like 0.33 and 0.5%… IWM down 1.75% lmao. Glad I unloaded my sofi CSP I think I’d be even at this point instead of locking in 65% profit. Guess I should have bought puts too lmao. I’m about to check and see if it’s worthwhile to sell $6 CSP for September or something.
Edit: yup sold 5 $6 CSP for $51 on sept monthly.Last edited by RobParks2M; Yesterday at 08:12 AM.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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Yesterday, 08:09 AM #5960
Are you planning to move brokers? I was very frustrated with TDA being absorbed but schwab's interface with thinkorswim is pretty decent. I looked at a bunch of others like etrade, robinhood, webull, fidelity.. schwab is the most intuitive at this point. Not schwab app, but thinkorswim is good.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
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Yesterday, 08:20 AM #5961
Only reason I didn’t leave right away was think or swim. Right now gonna check out ibkr cuz I heard they have great fee structure and low margin rates. Other I heard was solid was E*Trade.
Yeah I’m 100% moving. My port took a legit $7,000 or $8,000 swing not having access that day. Sold some sabs warrants at $0.075 the following 2 days, but could have unloaded them all at $0.1 that day if I could log in.Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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Yesterday, 08:31 AM #5962
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Yesterday, 08:38 AM #5963
Have you ever had an entire day you couldn’t log in? No. Even on the worst day March 2020 when everything was limit down I only had an hour or 2 that I couldn’t get on. Everyone and their mother were on that day so it’s understandable the system was overloaded. This was just idiots don’t care their weekend update crashed their shyt and they took an entire day to wait around before fixing it.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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Yesterday, 08:38 AM #5964
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Yesterday, 08:41 AM #5965
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Yesterday, 04:45 PM #5966
Should have bought TLT $92p for 6/28 today. Got busy before market close and forgot to throw out a bid. Hope it hits $95 Monday morning and I’d consider switching to $93 this has ran up too hard. There isn’t a cut coming till end of the year and that will drop us to 5%. Why are rates hovering 4.3 already.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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Yesterday, 08:56 PM #5967
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Today, 10:29 AM #5968
It's crazy that we are here in the stock market. Without a doubt, it's the work of the feds/central bank. Is it for political reasons or just keeping some of these banks afloat, who knows. The fed clearly isnt that serious about getting inflation to 2%. I wonder if trump wins, if the fed will become more serious about trying to get to 2% inflation and tank the market. The economy is a lot weaker than whats being suggested. Starting to see cracks in housing in certain markets. FLorida, Phoenix, and Texas are seeing large increases in inventory and more price cuts. A lot of lenders are beginning to pull the plug on CRE operators. Wouldnt be surprised to see small caps keep going up. I do think we are entering an increasingly more inflationary period so its surprising that the long bond isnt higher.
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Today, 01:11 PM #5969
the stock market is not the economy
if you are a trader and heavily focused on macro you're gonna get rekt. That will only work for broad market and very select sectors, longish horizons. If you're an investor then just DCA. Time in the market beats nearly everything except luck. If you want to shoot the sh!t, sure talk about the economy but don't expect any discernible correlation with trading.
and while we're at it, 'catalyst' is just another term for 'too bad sucker' or 'I fooled you again'. 'News' is just a cover for whales that have already built their position days/weeks in advance. 'News' is just the timing of the price movement, it is not the reason why the price moves (with some exceptions).2022 Option Trading Realized Gains: $125,348 USD
2023 Goal: $140,000
2023 Option Trading Realized Gains: $142,035 USD
2024 Goal: $80,000
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