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

[RobParks2M]

NVDA halted?

Pretty much this lol

Big announcement pending AH. Just wait

[2020Wellness]

It's Memorial day, take the day

Hustle and grind.

[SaviorSelfJT]

Anyone else thinking the market is going to the moon soon?

The concessions on the debt ceiling seem like they will be great for bringing inflation down. Student loans resuming, and additional work requirements for certain handouts. We’ll see if they pass

[RobParks2M]

Anyone else thinking the market is going to the moon soon?

The concessions on the debt ceiling seem like they will be great for bringing inflation down. Student loans resuming, and additional work requirements for certain handouts. We’ll see if they pass

Everything from finance media has been bullish lately. Therefore I am bearish.

Except on O&G. For real though student loans kicking back in is gonna suck a lot of $$$ out of the markets in one swoop AND will likely lower money going into indexes on a weekly basis. So based on this assumption short the big names that are heavily indexed.

[MinisterOfLust]

Bag holders of Palantir, SOFI, IDEX.

SOON! Mp3

[dmaaack]

NVDA is nutty

[johnjohnforward]

nvidia bros where we at

[SouthDakotaBrah]

fuark brahs AVGO crushing it, up 100% from the dip last October, feels good brahs

[thatsnarf]

td finally swicthed to schwab.

schwab platform is shyt

[Carbonfibre]

remember late 2020/all of 2021.

where hedge funds created Meme basket of stocks that they would pump (all the charts would look same gme/amc/bbby/pltr/rkt etc)


there is now algo running on any stock that has anything to do with AI


msft/nvda/amd/c3ai/meta/pltr/(any semiconductor stock)



I dunno how far this can go because on one hand msft build conference was phucking insane (impressive) but on other hand you can feel FOMO is out of this world.

Everyone wants ride to heaven on AI.

Rug pulls tend to happen on fomo.

[5x10]

I’m up 165% of nvidia but I need to wait till July 16th to sell for long term capital gains vs short term

[Lefticle]

I’m up 165% of nvidia but I need to wait till July 16th to sell for long term capital gains vs short term

I have a feeling you'll be perfectly fine waiting. Likely even in a better spot.

Tech will be the first sector to recover.

[hardestgainer]

Nvidia hit one trillion Lolol the 2020’s will go down as the era of blatant and wreckless stock manipulation. No clue how long they can keep this going so I’m not even going to touch Puts but the entire stock market is basically a meme market fueled by Monopoly money

[Carbonfibre]

Nvidia hit one trillion Lolol the 2020’s will go down as the era of blatant and wreckless stock manipulation. No clue how long they can keep this going so I’m not even going to touch Puts but the entire stock market is basically a meme market fueled by Monopoly money

look at their ceo

selling the pump

he knows it too

[_zman]

Anyone else thinking the market is going to the moon soon?

The concessions on the debt ceiling seem like they will be great for bringing inflation down. Student loans resuming, and additional work requirements for certain handouts. We’ll see if they pass

Feels that way. Then recession is still on the horizon.

[Destor]

Problem is that when the debt ceiling is raised, the treasury will begin issuing new debt like crazy and that will likely pull money away from equities

[Elias373]

PLTR to the moon

[SaviorSelfJT]

I’m thinking longer term than that

So far the only “inflation fighting” our country has done has been in the form of monetary policy, raising interest rates. The fed really didn’t even do much QT like they said they would since they just bailed the banks out. Fiscal policy has been inflationary over the past few years, PPP loans, student loans paused, child tax credit etc. just giving money away like a firehose

As far as I can remember this will be the first bit of action on inflation done through fiscal policy done yet. I think it will have an impact. And then interest rates can stabilize or even come down some. If it causes a recession then we needed one anyway

[2020Wellness]

Had to scoop some TGT shares on sale this morning.

[Carbonfibre]

imagine buying nvda at $400+

lmaooooo

[RobParks2M]

Finally unloaded my sofi $6 CSP for june(was anticipating assignment). I had 12 CSP at various strikes and dates. Sold some $8cc for July for $38 and $9 CC for Oct at $55. I might have started selling CCs too early, but it’s only 1/4 of my position in total. If it hits 8 I’ll probably roll it out a little and add more CCs. This move higher has been a long time coming, but I won’t be floored if it stabilizes closer to $6. Seems like they always jump hard initially then grind lower over a couple months.

[taf1968]

Finally unloaded my sofi $6 CSP for june(was anticipating assignment). I had 12 CSP at various strikes and dates. Sold some $8cc for July for $38 and $9 CC for Oct at $55. I might have started selling CCs too early, but it’s only 1/4 of my position in total. If it hits 8 I’ll probably roll it out a little and add more CCs. This move higher has been a long time coming, but I won’t be floored if it stabilizes closer to $6. Seems like they always jump hard initially then grind lower over a couple months.

The student loan moratorium and forgiveness shenanigans should get some clarity soon. Sounds like the debt ceiling bill has an end defined for the moratorium (60 days after it's signed) and then the SCOTUS should come out with a decision on the loan forgiveness fairly soon. And they haven't been very sympathetic to govt overreaching on creating new mandates via order/interpretation vs requiring congress to act. I would imagine all of that bodes well for SOFI.

[RobParks2M]

The student loan moratorium and forgiveness shenanigans should get some clarity soon. Sounds like the debt ceiling bill has an end defined for the moratorium (60 days after it's signed) and then the SCOTUS should come out with a decision on the loan forgiveness fairly soon. And they haven't been very sympathetic to govt overreaching on creating new mandates via order/interpretation vs requiring congress to act. I would imagine all of that bodes well for SOFI.

Something interesting I had read about the situation was that some silly people don’t care about what the interest rates are they just care about their monthly payments. I’m guessing even if their rates jump 1-3% they’d rather stretch their payments over more years than have the higher monthly payment they’ve been happy to live without the last 3 years. Almost all my loans have interest rates lower than Tbill interest rates so I’ll probably just pay minimums until I can’t make easy money loaning it out.

[_zman]

Something interesting I had read about the situation was that some silly people don’t care about what the interest rates are they just care about their monthly payments. I’m guessing even if their rates jump 1-3% they’d rather stretch their payments over more years than have the higher monthly payment they’ve been happy to live without the last 3 years. Almost all my loans have interest rates lower than Tbill interest rates so I’ll probably just pay minimums until I can’t make easy money loaning it out.

I know a handful of people that bought at the absolute top price, and a family member just bought too. They have little financial literacy and yes, as long as they can afford the payment and the bank makes the loan, they couldn't care less. They don't care about timing or even understand interest rates, historical housing prices / interest rates. They were simply done renting. And I'd say this is the majority of people in our age group. I doubt they even realize they can refinance at a later date.

[GreatReset1]

Do you enjoy record inflation?

Do you like losing $$$ in the stock market?

Do you support Biden and Trudeau?

If you answered yes to these questions, you are most likely an CarbonCuck.

You deserve to live in misery and agony for existence because you voted for this.

Biden's America.

[SouthDakotaBrah]

Japanese stocks taking off (srs). Love seeing my Daikin (DKILY) and Sony (SONY) stock go up, two great companies

[MinisterOfLust]

Do you enjoy record inflation?

Do you like losing $$$ in the stock market?

Do you support Biden and Trudeau?

If you answered yes to these questions, you are most likely an CarbonCuck.

You deserve to live in misery and agony for existence because you voted for this.

Biden's America.

Who hurts you?

And






Go fist yourself ph0ggot

[sebackers]

Dear diary...


I can feel the gains coming soon boyos, of course I can also see the possibility of the market crashing a bit further down (15-20% ish more), but I'm leaning moreso towards some srs gainzz..

Had around 1.9 million ish a year ago, and obviously now I'm down to 830k, I've even dumped another 200k into the market since last year but most stonks only go down now :*(.




I recently YOLO'd HEAVY AF into options ayyyy lmao. You only YOLO once boyos.






Cheers boyos, hopefully this ****ty red tide turns green soon.

Bro.... Move out of those positions NOW. You literally might have a 5 figure trading account shortly.

Immediately sell and take the tax benefits, and move the remaining cash into consumer defensive and 3%+ high yield blue chips. I don't want to see you rope.

This is the textbook on how idiots keep the IRS FAT, and themselves poor.

You might as well post a time stamp of 6/1/2023 and the number ZERO.

Lulzzzz so much for all that bearish talk, more than doubled my account from back in October to about 1.8 mill, and just withdrew around 500k for some side shenanigans, sitting at 1.2 now and am in some safer plays but still have a couple yolos in there. I didn't hold onto that exact portfolio, I switched some things about but SOXL CALLS, and TQQQ CALLS, TESLA CALLS, were some major hitters for me.

[Destor]

Does Arem even post here anymore?

How did your portfolio recover so strongly in "Biden's economy"

[sebackers]

Does Arem even post here anymore?

How did your portfolio recover so strongly in "Biden's economy"

No idea if he does, but he ate his words and proved him wrong pretty hard.

I bought heavy soxl, tqqq, and tesla calls when they were dirt cheap, also did some easy yolo flips on the banking sector with the leveraged etfs like DPST.


also keep in mind things like soxl, tqqq, and dpst, are 3x leveraged stocks, so when you get calls on them its like 4.5-6x+ leverage, sold out of some over those leveraged ones way too soon and left way too much meat on the bone.