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

[GeneralSerpant]

Now that they’re shares are actually affordable I’ll def be picking up nvidia shares

Nvda is 1000 after hours

[stockbruh]

Nvda is 1000 after hours

I should have got in when you told me, hopefully it stays 1000$ till the split and goes to 100$. What happens if I buy fractional shares now will they split correctly?

[Harry362]

Bidenomics working

[GeneralSerpant]

I should have got in when you told me, hopefully it stays 1000$ till the split and goes to 100$. What happens if I buy fractional shares now will they split correctly?

Yea it went down precisely as much as I said it would and just climbed after that.

[stockbruh]

Yea it went down precisely as much as I said it would and just climbed after that.

Do you have a new price target? They have a new chip coming out I can’t see demand stopping anytime soon

[Elias373]

Why would anyone ever sell NVDA?

Still have mine from 2017 lmao.

Wish I remember which miscer called me a retard for telling them in 2020ish that NVDA would become the largest corporation in the world.

PLTR will become the largerst corporation in the world, put your house on it

[Abzu]

EQIX is a REIT, I recently bought UVV and LEG, both can come back down near where I bought them.

Selling puts on DJT has been a money printer recently.

Gotta take what the market gives you.

I just bought more stock in UVV at ~$47.

Hook me up too fam.

My searches have yielded mostly garbage that should be shorted to oblivion.

Nycb
DJT
CVNA
WBA
AMC


I’ve got a few long term holds but struggling to see long term bull case for markets generally

WBA is nearing a buy, I think AMC is going to make another huge run, I think DJT can go to the ~30 before it goes even higher, I'll try to be more detailed later.

Will get to the long call requests at the appropriate time.

I think you will love some of the plays I have in mind.

[Destor]

Rate expectations for the year are walking up as anticipated, now pricing in a meaningful chance of zero rate cuts this year in the US.

Canada is diverging further and might see our first cut as early as June but more likely July

[Harry362]

My 215 shares of Google at $138 doing well

I have $130k cash in checking what should I do with it ?

[stockbruh]

PLTR will become the largerst corporation in the world, put your house on it

Just lol at any retard still buying PLTR(including me) when Nvidia is on sale buy 1 get 10 free

[Abzu]

Rate expectations for the year are walking up as anticipated, now pricing in a meaningful chance of zero rate cuts this year in the US.

Canada is diverging further and might see our first cut as early as June but more likely July

If the BoC and BoE cut in June/July, what will that do to rate cut expectations in America?

[Destor]

If the BoC and BoE cut in June/July, what will that do to rate cut expectations in America?

I don’t know if it will change the situation in America

There was talk of American rate cut expectations affecting Canada’s ability to cut because of the exchange rate and leading to more inflation in Canada, but apparently that isn’t really a thing these days.

[Abzu]

I don’t know if it will change the situation in America

There was talk of American rate cut expectations affecting Canada’s ability to cut because of the exchange rate and leading to more inflation in Canada, but apparently that isn’t really a thing these days.

Well, cutting rates weakens currency, if the rest of the globe cuts while America remains steady then the dollar should rise against global currency.

The dollar is already strong against the world but global rate cuts that do not include America will only make it stronger.

Generally a strong dollar means a weaker stock market but that has not been the case do to global weakness.

If the globes cuts rates then their markets should become stronger with loose money.

As the dollar rises against these other currencies our market should correct.

If the dollar rises and the market corrects then the fed can cut rates.



The complete reopening of China should also give the fed further room to cut rates into the future beyond what is expected.



The end of these wars will also put more goods on the market giving the fed even more room to cute rates into the future.

[Abzu]

If anyone has joined me on the UVV trade, I would suggest that you sell puts if it moves to $45-46, the 6/21 50p is currently going for ~$300

[Destor]

Well, cutting rates weakens currency, if the rest of the globe cuts while America remains steady then the dollar should rise against global currency.

The dollar is already strong against the world but global rate cuts that do not include America will only make it stronger.

Generally a strong dollar means a weaker stock market but that has not been the case do to global weakness.

If the globes cuts rates then their markets should become stronger with loose money.

As the dollar rises against these other currencies our market should correct.

If the dollar rises and the market corrects then the fed can cut rates.



The complete reopening of China should also give the fed further room to cut rates into the future beyond what is expected.



The end of these wars will also put more goods on the market giving the fed even more room to cute rates into the future.

Lower rates in other countries will affect the spot exchange rate but have a lesser impact on prices paid within those countries, that’s the dynamic that is apparently different today — there is very little pass through from lower exchange rates to actual prices (at least in Canada). The BoC governor had talked about this recently and figured it would take a huge divide between US and Canadian policy rates to have any impact on prices, so there’s a lot of wiggle room.

Not sure about other parts of the world or other dynamics though

[Abzu]

So I sold a put until 6/21 and bought a call on UVV until 8/16 but I'm probably going to sell another put to the same date, buy anouther call to the same date and another call out to 11/15, I'll sell another put to 7/19 if the premium kicks up to 1K.

Lower rates in other countries will affect the spot exchange rate but have a lesser impact on prices paid within those countries, that’s the dynamic that is apparently different today — there is very little pass through from lower exchange rates to actual prices (at least in Canada). The BoC governor had talked about this recently and figured it would take a huge divide between US and Canadian policy rates to have any impact on prices, so there’s a lot of wiggle room.

Not sure about other parts of the world or other dynamics though

Thank you.

[RobParks2M]

Wtf happened today. Big ol drop coming through….

[GeneralSerpant]

Do you have a new price target? They have a new chip coming out I can’t see demand stopping anytime soon

So it seems to be the case that Blackwell the new chip is so advanced that it’s not as of yet interfering with neither Hopper nor Amd’s mi300. The last generation’s chips are still on backorder and the new ones are just so expensive that it’s in its own pocket of the market. That keeps things consistent for both the future market and today’s with room for development by competition.

Given that nvidia’s business remains constant, I would Guess that the curve of the graph will climb steadily with only too much room for volatility in the form of selloffs and macro concerns. I’m guessing one or two more reports will carry consistent progress then start to slow down until the 2-year mark coming out of this latest January. After that the AI playing field will be more spread out by businesses but will be characterized by more normal business growth for another 8 years.

[Destor]

Wtf happened today. Big ol drop coming through….

I think PMI came in hot, business activity in the US is expanding and manufacturer prices are moving with it

[SipNPiz]

Well it’s time we farm the unfarmed boys, everything red today

[Visel]

Long story short is stock gains + NVDA call flips helped me bring my portfolio to $132k by mid March. This was just around when GTC was going on, hype was up, NVDA reached $970, then it tanked a little and the call buying began. My calls, as you can see, were really risky and OTM. $990 March 22, and $945/$950 April 19th. These expired and my portfolio went down to roughly $50k. Eventually onward to $39k.

The day NVDA dropped down into the $760s (April 19th) I bought some Aug 16th $850 calls. I didn't time it too well though, I think I bought when NVDA was around $815 that day. Could've bought more for cheaper (8 calls for $60 instead of 6 calls for $83).

Today I sold when NVDA reached about $1049.

$132k mid march -> $39k mid April -> $136k realized today


When the drop from $132k to now began

[Destor]

I like how people just stop posting when things go badly lol

In for the next rollercoaster

[RobParks2M]

Long story short is stock gains + NVDA call flips helped me bring my portfolio to $132k by mid March. This was just around when GTC was going on, hype was up, NVDA reached $970, then it tanked a little and the call buying began. My calls, as you can see, were really risky and OTM. $990 March 22, and $945/$950 April 19th. These expired and my portfolio went down to roughly $50k. Eventually onward to $39k.

The day NVDA dropped down into the $760s (April 19th) I bought some Aug 16th $850 calls. I didn't time it too well though, I think I bought when NVDA was around $815 that day. Could've bought more for cheaper (8 calls for $60 instead of 6 calls for $83).

Today I sold when NVDA reached about $1049.

$132k mid march -> $39k mid April -> $136k realized today


When the drop from $132k to now began

Das it mane. Was the $4,000 worth the stress? Lmao

[stockbruh]

I like how people just stop posting when things go badly lol

In for the next rollercoaster

lol what is there to say when your just holding heavy bags

[usersignup2]

Long story short is stock gains + NVDA call flips helped me bring my portfolio to $132k by mid March. This was just around when GTC was going on, hype was up, NVDA reached $970, then it tanked a little and the call buying began. My calls, as you can see, were really risky and OTM. $990 March 22, and $945/$950 April 19th. These expired and my portfolio went down to roughly $50k. Eventually onward to $39k.

The day NVDA dropped down into the $760s (April 19th) I bought some Aug 16th $850 calls. I didn't time it too well though, I think I bought when NVDA was around $815 that day. Could've bought more for cheaper (8 calls for $60 instead of 6 calls for $83).

Today I sold when NVDA reached about $1049.

$132k mid march -> $39k mid April -> $136k realized today


When the drop from $132k to now began

congrats on digging yourself out of a hole. what was the lesson you learned?

[2020Wellness]

howdy

does anyone here know how the quickest legal way to get my Roth to $25k besides putting in $7k year by year and hoping for the best? any legal loopholes?

Roth 401k allows up to 23k contribution per year I believe.

Sooooo, just make the contribution and you’re basically there.

[Visel]

Das it mane. Was the $4,000 worth the stress? Lmao

No. And I'd be lying if I told you I made $4k. I didn't calculate everything, but while I was "buying calls to undo prior mistakes" I did maybe $10k or so worth of deposits. If anything I probably lost $6k in the grand total.

I told my parents a gist of the details (after I succeeded today) but I left this particular detail out. Being down $6k is way better than being down ~$100k though I'll tell you. I would say if I had to choose between the following ideas... : 1) stop (sell everything) at $132k in March and suffer the FOMO associated with NVDA finally reaching $1k+... 2) the actual events that took place. ABSOLUTELY #1 is the best option by several million miles.

congrats on digging yourself out of a hole. what was the lesson you learned?

Primary lessons, in descending order...: 1) Never go with 2 months or less expiration dates in options. 2) Commit to a limited threshold (10% or less of portfolio as example)... viewing options as a way to risk a reasonably acceptable portfolio percentage for a similar level of gain (not triple or nothing). 3) ACCEPT PHARKING LOSSES AND/OR PURSUE STOP LOSSES. 4) Commit with a planned strategy, never allowing random "analysts" or people sounding intellectual on the internet influence your strategies... a bet is a bet... accept it with stop losses or plan for the potential loss of the entire gamble. 5) If you plan to go with options, you should buy your call/put after what seems like a substantial movement in the opposite direction over a significant time frame (IE maybe time buying the calls when you ACTUALLY THINK "damn that's cheap now wtf".... or buying puts when you ACTUALLY THINK "damn that's crazy expensive now wtf").

All in all I had a significant spell of depression, attitude change, anger, resentment, defeatism, insomnia, etc. over the last 3 months. No this was not worth it. I am very thankful for the outcome.

[Elias373]

When PLTR takes off it will make NVDA returns look like a savings account

[stockbruh]

When PLTR takes off it will make NVDA returns look like a savings account

How many shares do you have

[GeneralSerpant]

When PLTR takes off it will make NVDA returns look like a savings account

When do you think it will start picking up?

From what I've heard of it, it seems like you have to wait until 2025 comes around, and that's if they shape things up more.