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

[RobParks2M]

who else putting life savings into arkk

Indicator spoken. Sold all stocks shortly after.

[NestBrah]

I would always recommend not buying anything on the back of a 250% 6-month rally, but who knows

Meta overvalued or a buy?

[kusok]

Damn, tempted to grab 1k selling tsla covered option for next Friday.

Inb4 horrible earnings and I’m holding more Tsla for another year again until it’s green enough to sell calls again.


Heard another “professional” calling to short Tesla today… when will they learn?

[kusok]

who else putting life savings into arkk

Never do that.

Into anything. Not even into spy.

[Crazy_Desi]

Things always go up until they don't

What's a reasonable valuation for the company?

Dont know. Why would institutions bid this all the way from $13 to $48 on lackluster earnings?

[kusok]

Is UPST a buy now? Don't know if there is any price target

Srs answer is srs

UPS tea is not a buy for you at this time given that you know nothing about the company or the stock, as indicated by your post.

Only buy something that you know deeply, and use in your daily life,

Doesn’t upstart provide some AI driven background check for people who are about to buy a home? If so, that stock is only for people who know real estate market extremely well, as well as AI, and spent at least a few days reading up everything they can on the stock, otherwise you just gonna lose money.

that ****ing thing was $400 a year ago and people were buying it left and right saying the same things that you said in your post. That included some major multi billionaire money managers.

[Destor]

Dont know. Why would institutions bid this all the way from $13 to $48 on lackluster earnings?

I'd guess the rally is all short covering from everyone who made bank bringing it down from $400, short-covering rallies can be aggressive af

Meta overvalued or a buy?

Not sure brah sorry

[imbeingcereal]

I'm getting relatively crushed by keeping so much money in Money Markets right now, but I just can't FOMO into this rally. Outside of my regular index buys to keep some skin in the game (as always), I'm buying financials/energy/industrials since they're the laggards. The hope basically is that they'll either catch-up (and therefore outperform the S&P) if this rally is real or at least won't fall as much as tech will if it's a bear market rally. I still continue to like energy and financials especially and am wanting to buy $CAT and $FCX

[kusok]

I'm getting relatively crushed by keeping so much money in Money Markets right now, but I just can't FOMO into this rally. Outside of my regular index buys to keep some skin in the game (as always), I'm buying financials/energy/industrials since they're the laggards. The hope basically is that they'll either catch-up (and therefore outperform the S&P) if this rally is real or at least won't fall as much as tech will if it's a bear market rally. I still continue to like energy and financials especially and am wanting to buy $CAT and $FCX

Hmmm… well When 50 is above 200 that’s the definition of a bull run, not a bear rally,

[imbeingcereal]

Hmmm… well When 50 is above 200 that’s the definition of a bull run, not a bear rally,

I personally don't put any stock (pun intended) into technical indicators, so I have no idea what all that means. For me, all that stuff is analogous to astrology for men. The way to make money in investing in my mind is to buy sound companies that have a plan and show they're executing on it based on the financial data they report and ideally are being overlooked by the market. Everything else is speculation IMO.

[kusok]

I personally don't put any stock (pun intended) into technical indicators, so I have no idea what all that means. For me, all that stuff is analogous to astrology for men. The way to make money in investing in my mind is to buy sound companies that have a plan and show they're executing on it based on the financial data they report and ideally are being overlooked by the market. Everything else is speculation IMO.

I agree But fomo, a term you used, is a kind of a technical indicator, a chart went up and people jump in out of fear of missing out.

If you were to disregard this “rally” (another technical term you used), then you’d buy at the top or at the bottom all the same. You should not care then. At all. Like warren buffet who bought things at the top. Only for those things to go up again! (His purchase of Apple being the prime example, it ran up so much that even all the big billionaire investors were getting out like Carl ikhan , Buffett bought at the very top and was called an idiot for doing so, and ended up making tens of billions from this)

I don’t know about astrology for men, Max Kaiser comes up with catchy phrases, but that statement is a stretch. I guess to me technical indicators are one of the things to consider when buying or selling or holding. Naa meen?

Long post rant/

[Destor]

IMO one of the worst things you can do is think you need to catch every rally and lament missing out. All you really need to do is make a few good moves in your life, make them with conviction, and don't lose any money along the way.

The fewer moves you need to make the better, this is something Buffett and Munger have been hammering home lately.

[usersignup2]

^ Destor posts the best nuggets of investing wisdom on this thread

[imbeingcereal]

I agree But fomo, a term you used, is a kind of a technical indicator, a chart went up and people jump in out of fear of missing out.

If you were to disregard this “rally” (another technical term you used), then you’d buy at the top or at the bottom all the same. You should not care then. At all. Like warren buffet who bought things at the top. Only for those things to go up again! (His purchase of Apple being the prime example, it ran up so much that even all the big billionaire investors were getting out like Carl ikhan , Buffett bought at the very top and was called an idiot for doing so, and ended up making tens of billions from this)

I don’t know about astrology for men, Max Kaiser comes up with catchy phrases, but that statement is a stretch. I guess to me technical indicators are one of the things to consider when buying or selling or holding. Naa meen?

Long post rant/

1. Eh, I disagree that FOMO is a technical term and same with "rally". FOMO is used in everyday life and has just been applied to stock markets whenever there's a violent move upward to describe people who missed the bottom and are now jumping in hoping it continues. Rally also isn't a technical term IMO. I think you'd be hard pressed to find anyone who thinks a 13% run in 3-4 months to not be a rally. For the sake of clarity though, I mean technical indicators to be something akin to when people claim that something will happen "because of the charts". I.e. Golden cross, death cross, 50/200/500 day moving averages, channels, etc.

2. I do buy at the top and bottom. If you look through my posts, I always advocate people to DCA in at all times to stay invested. Note how even in my last post, I spoke about how I'm still DCAing in because I know I can't time the markets or know when a run will start or end. The only difference is this time, I felt the risk-reward was skewed downward and have been holding more cash. Even otherwise, I've initiated new positions in the last month or so. Point being, I'm not stopping deploying capital even in my personal account. I'm just A LOT more selective about what I'm buying and am avoiding the handful of stocks that are driving the gains

3. If you're into technical analysis, go for it man. For me personally, I never understood why a 200 day moving average is preferable to 210 or even 250 days, for example and none of the patterns made any sense to me. I personally have made a lot of money by primarily indexing regularly and by sticking to principles from Warren Buffett, Howard Marks, etc. who all preach about understanding market cycles and buying quality businesses for the long-run when people aren't as optimistic about their growth. I don't even buy purely Boomer stocks in stodgy old businesses. Some of my biggest positions are $ABNB and On holdings, which are both in the growth camp. There's multiple ways to make money and my choice is towards treating stocks as owning a piece of a company's profits. Just hold your nose and buy quality at all times is my mantra.

IMO one of the worst things you can do is think you need to catch every rally and lament missing out. All you really need to do is make a few good moves in your life, make them with conviction, and don't lose any money along the way.

The fewer moves you need to make the better, this is something Buffett and Munger have been hammering home lately.

Agree with this 100%. Even Buffett will admit most of his riches have come from a few good trades. This is why I mainly index. I think I can generate a few good ideas, but I haven't admittedly hit it out of the park with any picks, besides $AAPL/$MSFT so far. Those picks mean nothing since everyone and their Grandma (quite literally) made money off of those 2 last decade.

My thought process is if I index early and often, I'll catch every rally over time without overextending myself and taking on unnecessary broader market risk. I can then keep cash on-hand in money markets to balance my risk tolerance and to buy any big crash or to take a chance on some individual names I think have needlessly fallen out of favor. If I happen to generate alpha from those positions, awesome! If not, no big - I'm still moving upward in the long run

[Venom08]

AMZN is going for $150

[kpd905]

Anyone else jump on the Moomoo brokerage bonus? It is supposed to be ending this Sunday, but signing up by 4 am EST Sunday and funding your initial deposit gets you in before the deadline.

You get $100 for signing up, an extra $50 for signing up through a referral link, and 16 stocks (if you fund with $5000) including one share of GOOG or TSLA. I ended up getting $200 in stocks including my share of GOOG.
So somewhere between $350-450 depending on whether you get GOOG or TSLA. You need to keep the money in for 60 days, but you can invest in SGOV and earn 5% just like a high yield savings account.

There is also a transfer bonus that can be stacked to get another $100 if you transfer in $1000 via ACATS (not ACH). This is a little more work, but supposedly easy to do at Fidelity as a partial account transfer. So could be $450-550 if you include this one.

Just wondering if anyone else jumped on this one, PM me if you want a referral link.

[Elias373]

Never do that.

Into anything. Not even into spy.

Only PLTR, for that you go life savings and all the debt you can get

[kusok]

Only PLTR, for that you go life savings and all the debt you can get

Then if it turns out Google can do everything pltr can, but cheaper and faster, you jump off the bridge.

[Elias373]

Then if it turns out Google can do everything pltr can, but cheaper and faster, you jump off the bridge.

or Google might be the ones that get disrupted by losing the cash cow search business

[dopamine72]

NFLX crew?

We killin it!!!!!

IMO one of the worst things you can do is think you need to catch every rally and lament missing out. All you really need to do is make a few good moves in your life, make them with conviction, and don't lose any money along the way.

The fewer moves you need to make the better, this is something Buffett and Munger have been hammering home lately.

Long term average in and out crew

Most of my good plays have been done this way and yeah when you're in triple digit percentage gains start taking some off the table lol you guys

AMZN is going for $150

I agree, srs

Been waiting what feels like over two years for it to pop off

[SipNPiz]

I grabbed some Verizon, I think it’ll bounce back a bit, way oversold

[Venom08]

Tsla is now at a mega resistance trend line again. Might sell off 30% here

[SaviorSelfJT]

Feels good to see the AMZN optimism here

Sold off my META and NFLX way too early, but if AMZN goes to 150 I'm gonna be rich semi srs

[RobParks2M]

Tsla is now at a mega resistance trend line again. Might sell off 30% here

Genuinely feel like they could fuk around and sell off 30% at any given time… then go up 50% a few weeks later

[sebackers]

yoloing 450k into pypl, don't want to sell until it gets to $120 or higher. Hoping it'll pull some sort of meta / netflix / tesla rally. Up 50k on it so far. PYPL seems like a nobrainer easily while it's in the 60's-70's.

[Aj12333]

A small text description is a brief and concise portrayal or explanation of something. It typically provides a compact summary or overview of a subject, object, event, or concept, capturing its essential features or key points in a succinct manner. Small text descriptions are often used in various contexts, such as product descriptions, movie summaries, book blurbs, or introductory paragraphs in articles. Due to their brevity, they aim to convey information efficiently while still providing enough context or enticing details to capture the reader's attention.

[usersignup2]

Genuinely feel like they could fuk around and sell off 30% at any given time… then go up 50% a few weeks later

If it rallied 50% you'd only be up 5% from where it sold off.

[kusok]

Tsla is now at a mega resistance trend line again. Might sell off 30% here

Tesla doesn’t ever go down 30%

What you’re referring to is sometimes God gives you an opportunity and gives you a short window buying opportunity at 30% discount.

[RobParks2M]

If it rallied 50% you'd only be up 5% from where it sold off.

Yup LOL

[SipNPiz]

I grabbed some Verizon, I think it’ll bounce back a bit, way oversold

Up 5% this am, boomer stonks and buffet stonks ftw