OT: Stock trading | Page 7 | The Boneyard

OT: Stock trading

McLovin said:
I have friends who have bragged to me about option trades they made that have yielded 300%+ returns in a day, only after to find they are only making trades at a couple hundred dollars each (and never talking about the losses). I feel like this thread is the same thing.

Love that people are excited about investing, it’s my number 1 hobby, but always got to take the info random people give with a grain of salt unless they are willing to share everything (how much they are investing, what they are investing in, what their return is, etc.)

That’s why as “boring” and “out date” as Buffett is, he will always be the greatest investor. Risked it all, always showed his hand and has always had outsized returns.
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Lot of good info in here. A lot of the smart money piled into stay at home stocks and yesterday in a thousand point Dow rally, a lot of accounts were barely up (I'm not smart money but my trading account was only up 0.5% yesterday). So to say this is easy is the understatement of the century.

I don't think the stocks that had been holding the market up are done, but if they continue to be distributed and the laggards continue to run, you have to be willing to adjust. That is one of the hard ones in investing. Admitting when wrong. Only price matters.
 
McLovin said:
I have friends who have bragged to me about option trades they made that have yielded 300%+ returns in a day, only after to find they are only making trades at a couple hundred dollars each (and never talking about the losses). I feel like this thread is the same thing.

Love that people are excited about investing, it’s my number 1 hobby, but always got to take the info random people give with a grain of salt unless they are willing to share everything (how much they are investing, what they are investing in, what their return is, etc.)

That’s why as “boring” and “out date” as Buffett is, he will always be the greatest investor. Risked it all, always showed his hand and has always had outsized returns.
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Most amateur investors are just like most gamblers. They lie about their returns and their losses.
 
Jay-Bone said:
So I fat fingered selling 50 into selling 500 @ $22.25 today. I still have a pit in my stomach as its now $2 more. Thats one of the casualties of day trading while watching an infant and working. I had been DCA'ing the last 3 weeks and peppered it under $20. I need a dump badly tomorrow as I'm sitting all cash after today.
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Brutal.

I'm mostly holding for the long term and buying the dips. Not looking to sell much other than a few crappy funds I've been wanting to get out of for a while, but I'll wait until the market fully recovers before doing that.
 
browndog319 said:
Gilead would be a great move. I called it before remdesivir studies looked positive and now that they look pretty good and the approval is secure, it seems even better. They also have other good products.
Today alone they’re up almost $3 or over 3% (and the rest of the market is down...biotech stocks are usually pretty solid as well.
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Gilead has been terrible. I bought it at like 83/84 and sold it for no gain. I jumped back in when I knew remdesivir was being approved and all it's done is bleed every day since. They just give away all the drug to the gov't and screw the shareholders. I'm going to have to sit holding these bags hoping it has a reversal at some point.
 
UConnSwag11 said:
Ripple is decentralized but it is going to be the bridge to allow thousands and thousands of lightening fast transactions between banks, for remittances, the bridge between central banks, the bridge between the digital dollar to digital pound etc. Very cheap now and should skyrocket
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I here you but there is a circulating supply of 44 Billion and a total supply of almost 100 billion. While those are not huge numbers if used by banks it still is a pretty high multiple if you are looking for it to skyrocket. If it hits $1 you would be looking at a 44 Billion- 99Billion valuation ( I know serious math). The projects with really high supplies will take longer to add value IMHO but certainly could be a good long term investment.
 
Jay-Bone said:
So I fat fingered selling 50 into selling 500 @ $22.25 today. I still have a pit in my stomach as its now $2 more. Thats one of the casualties of day trading while watching an infant and working. I had been DCA'ing the last 3 weeks and peppered it under $20. I need a dump badly tomorrow as I'm sitting all cash after today.
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Actually THE casualty of day trading is day trading.
 
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UConnSwag11 said:
Besides Robinhood, what services do you guys use?
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Don't use Robinhood, I use Webull and Tradeview.

And to the OP, I have made a living the past couple of weeks trading CODX and Tesla
 
Jaker said:
Don't use Robinhood, I use Webull and Tradeview.

And to the OP, I have made a living the past couple of weeks trading CODX and Tesla
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Why not Robinhood?
 
UConnSwag11 said:
Why not Robinhood?
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I can't confirm but I think their site has gone down a lot especially on volatile days? Like yesterday when the market was taking off, people couldn't get orders in.
 
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the Q said:
Think or swim needs an instruction manual. Lol
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Yeah I took a quick look at it for sh!ts and giggles but got a headache after 3 minutes.
 
UConnSwag11 said:
Get as much as you can, while you can. A couple of weeks ago you couldn’t buy any online (Without a minimum purchase of ~$400) or find any at the local coin store. I went into a store recently and the guy goes, “the days of cheap silver are over.” I’ve been investing in metal mining companies and other metal production services. Metals and cryptocurrencies are where I’ve been focusing.
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I was heavily invested in the miners as of recently but sold out before the Corona Virus made it mainstream. I honestly don't know how much their production will be affected. I decided to pick up some physical. Will probably go back in and get some tickers>> SAND, AG, AUY, HMY among some others. The gold streaming companies will do really well of which SAND is the next gem that will probably breakout. BTW did you graduate in 2011???
 
UConnSwag11 said:
Ripple is decentralized but it is going to be the bridge to allow thousands and thousands of lightening fast transactions between banks, for remittances, the bridge between central banks, the bridge between the digital dollar to digital pound etc. Very cheap now and should skyrocket
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I am a Ripple bull
 
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UCPharma11 said:
I was heavily invested in the miners as of recently but sold out before the Corona Virus made it mainstream. I honestly don't know how much their production will be affected. I decided to pick up some physical. Will probably go back in and get some tickers>> SAND, AG, AUY, HMY among some others. The gold streaming companies will do really well of which SAND is the next gem that will probably breakout. BTW did you graduate in 2011???
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Only mining stock I have is RIO. Was down, has come back some. I keep it for the dividend yield.
 
Slasher said:
I use fidelity, it's free trades as well.
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great app too. Cash management account is terrific. Only drawback is no in-person deposits. But I really like it. Free atms anywhere, and they reimburse the fee.
 
What are thoughts on stocks like say a Dave & busters that was up in the $75 range before Corona and now you can grab for around $10?
 
huskyinfl said:
Read about what happens to option traders when they get locked out for an entire day
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It’s amazing how easy some companies make option trading seem.

It’s like you can’t lose.

You either get the income or you buy the stock you want at a lower price. Win win no matter which way the stock goes.

If it was that easy, everyone would be doing it
 
UConnMatt813 said:
What are thoughts on stocks like say a Dave & busters that was up in the $75 range before Corona and now you can grab for around $10?
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High risk, high reward. I don't see a place like that weathering the storm here unless they have a lot of cash.
 
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JohnFSilver said:
great app too. Cash management account is terrific. Only drawback is no in-person deposits. But I really like it. Free atms anywhere, and they reimburse the fee.
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There's a handful of places near me I can do a deposit in person. Only ever done it once since I had a physical check but the electronic transferring is great and fast.
 
Company employee stock purchase plans, with a lookback...where you set aside money from your paycheck for a time period, and at the end, buy shares at 10% off of either the current price, or of the price at the beginning, whichever is lower. Is there any reason NOT to participate? There's no holding requirement, so how can it not be a minimum 10% gainer?
 
Yardigan said:
Company employee stock purchase plans, with a lookback...where you set aside money from your paycheck for a time period, and at the end, buy shares at 10% off of either the current price, or of the price at the beginning, whichever is lower. Is there any reason NOT to participate? There's no holding requirement, so how can it not be a minimum 10% gainer?
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If you’re At Simon properties? Or many other companies whose stock isn’t close to what it was pre plague.

Long term you’re probably fine. Just saying nothing is perfect. But yeah, that seems like a good idea if you work for a solid company with a solid financial balance sheet.
 
Days like yesterday are why I hate the arbitrary contribution limits for my Roth.
 
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