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

[stockbruh]

Reps to all those posting they’re gains with screenshots, kusok let’s see your boomer gains 👀

[Abzu]

Woot. Not regretting my decision from 6 days ago.... so far lol.

I wouldn't get excited until it crosses ~132 and holds it then you might get ~10% more.

Called my shot and bought calls/sold puts on CELH.

Looking at CNC, OMC, HRL, ALB, DIS, SQ for calls.

[usersignup2]

Put together a list of my sales so far this year


Should’ve held onto BDT for longer but not a big amount of money anyways, pretty happy with these overall

congrats on the gains!

what was the reason for the sells? just taking profit or rebalancing/rotation?

[Destor]

congrats on the gains!

what was the reason for the sells? just taking profit or rebalancing/rotation?

Thanks man

The bulk of that is taking profits and putting $140-150k into finishing the basement in my current house, so it’ll add utility and be more equity on the property. And I think houses here will get more expensive, so hopefully should still appreciate in value.

Scope it out

Spoiler!

[usersignup2]

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.

[BuckNakedinBama]

Just sold my last holdings - MU and MSFT. And loaded up on SQQQ. Time for a correction.

This has gone very poorly for me. Instead of up 15% in 5 weeks, I'm down 20% (for this limited position). Lulz on me.

[NestBrah]

~4400(-20%) is the bottom end of my target, ~4800(-12%) is the top end and will be my initial target, you shouldn't expect ~4400 but it could happen.

The S&P went down ~6% in 15 trading days from 03-28/04-19 so it's not a huge ask for 12% by 07/31.

There are many things that can cause it but it is harder to pin down due to Biden's America lol.

Thanks man. Appreciate your thoughts.

Too much exuberance in the market right now. Big finance on TV telling everyone to get out of cash ASAP and ape into stocks.

Feels like the top could well be in.

[_zman]

Thanks man. Appreciate your thoughts.

Too much exuberance in the market right now. Big finance on TV telling everyone to get out of cash ASAP and ape into stocks.

Feels like the top could well be in.

If that's the case, then not a bad move to move to cash.

[RobParks2M]

If that's the case, then not a bad move to move to cash.

Cash is silly. I’m up 5% on TLT bought in April and May. Gonna get my shares called from the $95 CCs I sold lmao

[NestBrah]

If that's the case, then not a bad move to move to cash.

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.

[_zman]

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.

"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.

[stockbruh]

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.

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

[NestBrah]

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

AI is awesome and will change the world.

But if the average consumer has no money, can't afford the new AI powered iPhone or whatever, stocks surely have to slide.

My bearishness comes from seeing how poor everyone around me is today, nothing more. Cost of living crisis feels more real every day.

[stockbruh]

AI is awesome and will change the world.

But if the average consumer has no money, can't afford the new AI powered iPhone or whatever, stocks surely have to slide.

My bearishness comes from seeing how poor everyone around me is today, nothing more. Cost of living crisis feels more real every day.

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

[kusok]

This has gone very poorly for me. Instead of up 15% in 5 weeks, I'm down 20% (for this limited position). Lulz on me.

Bro…







Bro..

[RobParks2M]

Djt finally making a move which is nice. I’ll probably paper hand and sell my puts today and try to rebuy monday

[Abzu]

Blood bath except for NVDA lol

Djt finally making a move which is nice. I’ll probably paper hand and sell my puts today and try to rebuy monday

I would hold until 33-35 and there's a chance for 28-29 but good job either way.

[Visel]

Das it mane, up $15k in 7 days.

[RobParks2M]

Blood bath except for NVDA lol



I would hold until 33-35 and there's a chance for 28-29 but good job either way.

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.

[TugOfPeace]

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.

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.

[RobParks2M]

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.

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.

[TugOfPeace]

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.

Don't all brokers occasionally have outages though? I've heard about ibkr, might look into that again.

[RobParks2M]

Don't all brokers occasionally have outages though? I've heard about ibkr, might look into that again.

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.

[stockbruh]

Blood bath except for NVDA lol



I would hold until 33-35 and there's a chance for 28-29 but good job either way.

Do you think PLTR is gonna run past 24 anytime soon? I have a bunch of CC’s 24 strike July 19

[TugOfPeace]

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.

I can't recall with TDA, but I'm sure at some point there were outages during the GME ordeal. Don't know if they were a whole day though.

If the reason for schwab's outage was just incompetence.. then yea that's messed up.

[RobParks2M]

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.

[GeneralSerpant]

Do you think PLTR is gonna run past 24 anytime soon? I have a bunch of CC’s 24 strike July 19

The current waves this month look promising. You know it went past 24 momentarily a few days ago?