**Un-OFFICIAL** Trading and Investing Thread: Part XIII -- Robber Baron Edition

[DavidL913]

You're a fukcing retard if you think volatility is inherently good. It's literally a double edged sword. Everything is fun and games until your stop loss fails to fill and you lose a chitton of money. And that can happen from anything. Regulators might decide to shut down the ponzi. Technology behind it might become obsolete. A bunch of retards fomo in then panic sell when the price collapses 50% within the hour. Etc.

Oh, and actually, the past year of stocks has never been historically better. The only time it came close was in 2017 and it was only half the velocity as it is this year. And before you lecture me on inflation driving the price, you should realize bitcoin is also driven by inflation. And if you want "muh volatility", you can always manage that and your risk with options and leverage.

LOL

sounds like someone got rekt.

you know fuk all about blockchain and the new digital economy.

[BulkingIsHard]

LOL

sounds like someone got rekt.

you know fuk all about blockchain and the new digital economy.

Please read this and fukc off to the crypto thread: https://en.wikipedia.org/wiki/Bitcoi...bility_problem

I am tired of explaining crypto instead of talking about trades and stocks

[WestAfrica]

CTYX is financially ruining me

I know those feels

[twovalvekid]

Soon we will have green days

Had a green week. Wut's the prob m80?

[KingSWRV]

????????

Most seasoned traders will agree that a stop loss is first of all not a good idea because they arent "safe" since if a stock tanks it will just shoot right past your stop loss and ignore it.

But fundamentally. Like people who trade and look for volatile stocks arent picking stocks they worry will go down in the first place. We arent even in a position to need a stop loss or want to fumble with one because it doesn't even make sense; like why wouldn't we just be watching the stock, and why would it be tanking without us knowing. We have no business being in that scenario, that long, in the first place.

In the context of scalping, day trading and swing trading you don't need such a measure nor should you use one. And when you talk wanting/favoring volatility you are automatically talking in that day trading/swing trading context by default unless otherwise specified.

Maybe you would have a notification or something turned on? But its not a program you just run and go about your day. You cant just sit there and run a bunch of parameters for selling or buying and leave the bot to do it all for you dude.

You have to pay attention every minute if youre looking to make money off of it. Think of yourself as a security guard who gets paid in crazy commissions every once in a while for baby sitting and watching stocks

[Carbonfibre]

that madman
exercised those 500 calls (cost basis $12.5)

but than bought another 50K shares.

said he won't be doing posts anymore on wsb guess he plans on holding long

[camaleom]

need a green month for my stocks

lol

[StallionRx]

that madman
exercised those 500 calls (cost basis $12.5)

The guy is an animal.

Think of the flip side though. If he sold and said that’s it...then what? Stock likely tanks and crushes a lot of people. I think he did everyone a favor by going out the way he did.

I remember watching his streams before he got national attention. Seemed like just a regular guy that liked to have fun. Wish him the best.

[Carbonfibre]

The guy is an animal.

Think of the flip side though. If he sold and said that’s it...then what? Stock likely tanks and crushes a lot of people. I think he did everyone a favor by going out the way he did.

I remember watching his streams before he got national attention. Seemed like just a regular guy that liked to have fun. Wish him the best.

True.

It made sense for DFV to make this move.

Plus he said final update on his portfolio. Nobody will know what he does next.

So if this pops or doesn't any time now he can slowly start to unwind the trade.

[aberry33]

man stock market has been gay as **** last few months

down $16,000 on my 1/23 80x SU 25c
down $7000 on Affirm shares and leaps
down $6000 on long dated Amwell calls

PLTR PSFE and IPOE ****ing me

UWMC ****ing me


I started year at 110k ran up to 232k at my peak and now im back down to 147k fuark


Praying for Amwell Affirm and Suncor to run. UWMC can stay in the $7s I have 75 leaps on it and sell PMCC on it

Hello mate I’m also aboard the sinking AMWL ship.

Long term hold so I’ve been continuing to add here but it’s easily been my worst performer so far.

[BulkingIsHard]

Most seasoned traders will agree that a stop loss is first of all not a good idea because they arent "safe" since if a stock tanks it will just shoot right past your stop loss and ignore it.

But fundamentally. Like people who trade and look for volatile stocks arent picking stocks they worry will go down in the first place. We arent even in a position to need a stop loss or want to fumble with one because it doesn't even make sense; like why wouldn't we just be watching the stock, and why would it be tanking without us knowing. We have no business being in that scenario, that long, in the first place.

In the context of scalping, day trading and swing trading you don't need such a measure nor should you use one. And when you talk wanting/favoring volatility you are automatically talking in that day trading/swing trading context by default unless otherwise specified.

Maybe you would have a notification or something turned on? But its not a program you just run and go about your day. You cant just sit there and run a bunch of parameters for selling or buying and leave the bot to do it all for you dude.

You have to pay attention every minute if youre looking to make money off of it. Think of yourself as a security guard who gets paid in crazy commissions every once in a while for baby sitting and watching stocks

I can’t stay awake all night trading chit coins or even regular stocks when busy at work

I would rather make a good entry, sit around for 10 minutes to make sure everything looks good, then set a stop loss a bit below the resistance to avoid candle wicks triggering. 9/10 times a stop loss is better than no stop loss. Worst case you take a slight loss and can try again later. If you’re scalping then sure, who fking cares because your trades last minutes or hours at best.

[roughinhouse]

My God another red day. Just can't take it anymore.

how are you red? All the good stocks are doing well and indexes as well. Now if you bought into meme stocks hyped by Wallstreetbets or Cathie then thats another story.

[MinisterOfLust]

how are you red? All the good stocks are doing well and indexes as well. Now if you bought into meme stocks hyped by Wallstreetbets or Cathie then thats another story.

Yeah, I need to switch strategies. I have a few oil stocks too

[Schnitzl]

Yeah, I need to switch strategies. I have a few oil stocks too

Hope you are gambling with RECAF as well, another 40% up so +100% in two days.

[mikusk]

was hoping for a green april guess thats not happening, in deep red, will probably have to get a real job here soon if this doesn't reverse lmao

[MinisterOfLust]

was hoping for a green april guess thats not happening, in deep red, will probably have to get a real job here soon if this doesn't reverse lmao

Yeah, it's been a tough 3 weeks for me too.







In before Lefticle blaming our great president Joe Biden

[Duckliver]

True.

It made sense for DFV to make this move.

Plus he said final update on his portfolio. Nobody will know what he does next.

So if this pops or doesn't any time now he can slowly start to unwind the trade.

Even if it doesn’t pop, in the least it will go to 200-230 next week for max pain

[Venom08]

I can stay solvent so long as GME goes to $500 and CTYX hits $1 this month. Thx pls and gl

[RobParks2M]

I can stay solvent so long as GME goes to $500 and CTYX hits $1 this month. Thx pls and gl

I just read through CTYX's annual filing and LOL'd hard. They have up to 1.1 billion shares they can dilute out. Currently only 330m shares have been given/sold thus far which is up 11 million from 2020. IMO their patents aren't particularly great or useful. It sounded nice when you say they have a cancer drug that other companies might want, but I actually read what they had and it doesn't sound very promising. I was thinking about repurchasing, but now I'm not so keen.

Hope you are gambling with RECAF as well, another 40% up so +100% in two days.

What is your bull case for RECAF? I don't get why you or any one else values it so highly. They just drilled their first successful well and the OTC company is now worth 670 million? I don't get it because it is a Canadian company similar to the one I have been hyped on TGA which has a lot of wells going in Egypt, it is listed on the NASDAQ, and current market cap is 110 million.

[Elias373]

LOL if you're not taking advantage of this manipulated dip in PLTR and joining in with large institutions to load the boat

[camaleom]

pltr has pretty much trade at 20 +/- imho it will take a long while for (IF) a pop...

I got back in yesterday and I will hold for awhile just to see what happens down the road

[camaleom]

I can stay solvent so long as GME goes to $500 and CTYX hits $1 this month. Thx pls and gl

gme may pop again just cause the the new CEO seems to be forcing the issue (and making a ton of cash for gme with the new shares)

[Schnitzl]

What is your bull case for RECAF? I don't get why you or any one else values it so highly. They just drilled their first successful well and the OTC company is now worth 670 million? I don't get it because it is a Canadian company similar to the one I have been hyped on TGA which has a lot of wells going in Egypt, it is listed on the NASDAQ, and current market cap is 110 million.

I've read daily about it for the past several weeks.

Basically a powerhouse team with renowned experts. Used a soil analysis study completed years ago for millions of dollars, sent it to a leading expert in Houston who said there has never been a basin this deep without substantial amounts of oil. Conservative estimate they did if the huge land that they rented(12% of land has oil) is 120 billion barrels of oil making it one if not the biggest basin ever discovered on earth. The initial drilling results from well 1 confirmed 660 feet of oil & natural gas indicators over three discrete intervals. Their estimate was 400ft but discovered 660ft.

They are just in a discovery phase so no fracking and hopefully no fracking ever needed for the basin. Not all the resources are recoverable and who knows if some of it even will be. This would put a conservative price range for the stock at around $100-$200 with wild estimates(should they discover a huge amount that's recoverable) of up to a $1000. They need to complete the two other wells before they can create a map of the basin.

Now this is a highly speculative play like you mentioned but Namibian government has a 10% stake in it no strings attached with the possibility of investing more should the pieces fall in place.

There's a lot of misinformation about them doing fracking, un-environmental disposing of byproducts, kicking out the indigenous people etc. but if you look at the videos they've put on their website and interviews done with the management, this is not the case at all.

The way I see it, is if you have some cash to gamble with, throw a couple of grand or more into it and if you get lucky and the discovery is as huge as the management anticipates, your 2k would turn to 200k or more. I only dropped what I can comfortably lose and not cry over on the off-chance that the stars align and it'll print 7 figures.

The current price should be $10 according to some analysts.

If you do decide to join the lottery where either everyone wins or everyone loses, I'd wait a bit as the price is most likely going to drop. 100% increase in two days is not sustainable in any way.

On reddit.com/r/reconafrica you can see all sorts of estimate calculators and a deeper look into what the business is about but this is nothing like EEENF that got pumped and dumped recently.

https://www.bloomberg.com/press-rele...-could-be-here

Bill Cathey, President and Chief Geoscientist of Earthfield Technology is
known as the "geological interpreter to the supergiants," as he has consulted
for every oil and gas major and large independent in the business. Here's what
he had to say about the Kavango Basin:

"Not only was the data on the basin some of the best he had ever seen...
nowhere in the world is there a sedimentary basin of this depth that has ever
failed to produce commercial quantities of hydrocarbons. "

And Cathey is not the only expert to have weighed in on the potential for
Reconnaissance Energy Africa ( RECO .V; RECAF ).

[smashedurgfx10]

LOL if you're not taking advantage of this manipulated dip in PLTR and joining in with large institutions to load the boat

wouldn't surprise me at all if it's manipulated

pltr has pretty much trade at 20 +/- imho it will take a long while for (IF) a pop...

I got back in yesterday and I will hold for awhile just to see what happens down the road

what concerns me is it didn't hold 22.50 support. closed slightly below. im not hopeful for the coming week

but ive also committed to not selling at a loss. it is what it is

i do think the stock has potential, but insider selling needs to reduce, and they also need to pull some actual figures out on earnings day. no more projections, we need profits.

if those 2 things happen it's gonna be above 30 quite quickly. but i wouldn't be surprised if we see it test 20 and maybe even go lower before then

Yeah, it's been a tough 3 weeks for me too.







In before Lefticle blaming our great president Joe Biden

lefticle just made upwards of 50k usd on dogecoin

i think he's just about ready to suck joe biden off right now (or anyone else who wants a bj)

guy has more money than time rn

[camaleom]

SpaceX (cough cough TSLA) to the moon...

https://www.bizjournals.com/austin/n...nlzx4euPyOLBbc

[Lefticle]

Yeah, it's been a tough 3 weeks for me too.







In before Lefticle blaming our great president Joe Biden

Thanks Biden

lefticle just made upwards of 50k usd on dogecoin

i think he's just about ready to suck joe biden off right now (or anyone else who wants a bj)

guy has more money than time rn

Would never suck off joe biden. Maybe Elon tho

[smashedurgfx10]

Thanks Biden



Would never suck off joe biden. Maybe Elon tho

did you sell doge before it tanked?

[Carbonfibre]

hmmmm

look at all that COIN insider selling. I removed my measly buy at $250 phuck that shiit.

https://aleks.cmlviz.com/stocks/COIN/holders

$5 billion worth of COIN was sold off.

If you were confident in your product why are you dumping it?

meanwhile Cathie/ARK is buying all those bags. ARK exposure is now $500 million

[Heaney]

hmmmm

look at all that COIN insider selling. I removed my measly buy at $250 phuck that shiit.

https://aleks.cmlviz.com/stocks/COIN/holders

$5 billion worth of COIN was sold off.

If you were confident in your product why are you dumping it?

meanwhile Cathie/ARK is buying all those bags. ARK exposure is now $500 million

Chamath stated on his podcast this week that the shares he was awarded through his investment in Ribbitt were sold at 506x gain. Who the hell would be dumb enough to not sell at these markups.

To reiterate, that was 506x not 506%.

[Carbonfibre]

Chamath stated on his podcast this week that the shares he was awarded through his investment in Ribbitt were sold at 506x gain. Who the hell would be dumb enough to not sell at these markups.

To reiterate, that was 506x not 506%.

When you put it that way makes sense.

These guys at COIN didn't wait long right away started selling.