OT: Stock trading | Page 13 | The Boneyard

OT: Stock trading

If you can walk and chew gum at the same time right now, you can make money on calls or these pump and dump pennies. That’ll all change in a blink of an eye and leave a lot of these new investors in the hole. So take profits and don’t risk too much of your portfolio, but enjoy this idiotic run while it lasts. The VIX is climbing so who knows, tide could turn soon.
 
UConnStats said:
If you can walk and chew gum at the same time right now, you can make money on calls or these pump and dump pennies. That’ll all change in a blink of an eye and leave a lot of these new investors in the hole. So take profits and don’t risk too much of your portfolio, but enjoy this idiotic run while it lasts. The VIX is climbing so who knows, tide could turn soon.
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I’m good with a dip because I’m buying long term. Let it be low for my June pay dates. Buy more shares on the DRIP.

I’m not sure I could do any type of trading or options besides selling puts. That seems to have the least risk of those types of things. But I’m still figuring those out.
 
the Q said:
I’m good with a dip because I’m buying long term. Let it be low for my June pay dates. Buy more shares on the DRIP.

I’m not sure I could do any type of trading or options besides selling puts. That seems to have the least risk of those types of things. But I’m still figuring those out.
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I’ve been heavier into options than ever but mostly because I want to stay liquid for when the next big dip comes. Like you I believe it’s coming, but it wouldn’t shock me if the fed props the market up until the election is over. It’s definitely risky as hell so I wouldn’t recommend it to most. However, right now the market is following technicals pretty closely (which is why it feels like the news is meaningless), and it has made predicting big jumps easier.

I don’t personally like to sell puts or calls because if you do and things go south, you can get absolutely killed, and everything is so volatile right now that you can never say never. Some people make a ton of money doing this though, and you’re a smart guy so I’m sure whatever work you put into learning/studying this stuff will pay off.
 
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UConnStats said:
I’ve been heavier into options than ever but mostly because I want to stay liquid for when the next big dip comes. Like you I believe it’s coming, but it wouldn’t shock me if the fed props the market up until the election is over. It’s definitely risky as hell so I wouldn’t recommend it to most. However, right now the market is following technicals pretty closely (which is why it feels like the news is meaningless), and it has made predicting big jumps easier.

I don’t personally like to sell puts or calls because if you do and things go south, you can get absolutely killed, and everything is so volatile right now that you can never say never. Some people make a ton of money doing this though, and you’re a smart guy so I’m sure whatever work you put into learning/studying this stuff will pay off.
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I mean I’d probably only be doing it with blue chips I’d be ok owning forever.
 
the Q said:
I mean I’d probably only be doing it with blue chips I’d be ok owning forever.
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So last week I took profits on most of my cloud stocks. Docu was huge for me, and I got in 5 others a little late. Trimmed them to smaller stakes and bought “less risky” stocks like Tesla, Amazon, Msft and Facebook. NKLA should be an adventure in the near future but I feel good about the 15 or so names I have, might just sell half the volume if things run a bit more. It’s always good to have plenty of powder for the next correction.
 
I cannot tell you how many times I have bought and sold HTZ over the past 4 trading days, both longs, shorts, swings, scalps, LOL, Best 4 days I have ever had.
 
Sold UAL and DAL after coming back a bit from lows this morning, at gains of about 40% over 2 months. Would have been close to 70% had I sold on Monday, but I'm satisfied banking the wins here. I don't see much more upside in the big airlines right now. Holding LUV as a hedge, and since it seems better positioned long term.
 
what a sh#tshow they have been the last few days, I've only been in since last tues or wed but saw most of the profits except for save go on the whoosh this a.m. Nice bounce so far. Owning these dregs is like total gambling at this point. But I'm hooked. Stop just below low of the day.
 
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uconndogs said:
It's not "like" total gambling, it is total gambling...…….
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And so many people don't understand that there is no requirement for the market to in any way reflect reality.

When I tell people I bought airlines or was considering getting into cruise lines, they all said "but who's traveling now?" And that is absolutely the wrong question. It's mostly speculation and hope (or fear).

Airlines were badly oversold in March and may be overbought now. They will probably come back in the long term, but there could be better opportunities elsewhere or even in the same stocks over the next few months.
 
Tenspro2002 said:
And so many people don't understand that there is no requirement for the market to in any way reflect reality.

When I tell people I bought airlines or was considering getting into cruise lines, they all said "but who's traveling now?" And that is absolutely the wrong question. It's mostly speculation and hope (or fear).

Airlines were badly oversold in March and may be overbought now. They will probably come back in the long term, but there could be better opportunities elsewhere or even in the same stocks over the next few months.
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My point has nothing to do whatsoever with where someone invests. I don't follow the airlines, but I suspect there is a long-term play in them that could work. I do wonder if they can stay out of the bankruptcy courts and keep the current equity from being wiped out, but maybe there is the liquidity to prudently take that risk. I really don't know....

Anyway, my point is that trying to time these trades is truly gambling. You cannot consistently read the market ahead of everyone else and the moment you truly believe that you can you had better think really hard about it. Have some fun with it? Sure. But, don't kid yourself, you're not investing.
 
uconndogs said:
But, don't kid yourself, you're not investing.
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Oh, not at all. This is my speculation money, maybe 1-2% of my portfolio.

My actual investing I'm putting into funds (mutual, index, bond).
 
Tenspro2002 said:
And so many people don't understand that there is no requirement for the market to in any way reflect reality.

When I tell people I bought airlines or was considering getting into cruise lines, they all said "but who's traveling now?" And that is absolutely the wrong question. It's mostly speculation and hope (or fear).

Airlines were badly oversold in March and may be overbought now. They will probably come back in the long term, but there could be better opportunities elsewhere or even in the same stocks over the next few months.
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When the travel bans are lifted, my guess is they will regain about a third of their pre-pandemic value. The question is will that be before or after a vaccine?
 
Tenspro2002 said:
Oh, not at all. This is my speculation money, maybe 1-2% of my portfolio.

My actual investing I'm putting into funds (mutual, index, bond).
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Totally get it then.

It is fun...…:)
 
Tenspro2002 said:
Sold UAL and DAL after coming back a bit from lows this morning, at gains of about 40% over 2 months. Would have been close to 70% had I sold on Monday, but I'm satisfied banking the wins here. I don't see much more upside in the big airlines right now. Holding LUV as a hedge, and since it seems better positioned long term.
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Awesome, congrats. I sold my small amount of UALtoday that I picked up last week at 34. I’m only in tech now, MSFT, Tesla and Amazon are flying again.Also added to Grub Hub position after hours to hopefully pick up 11 points after merger. Microsoft just broke out today, I recommend it to anyone interested in big cap tech. Would not be surprised to see it at 210 soon.
 
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uconndogs said:
Today....well this morning anyway.....I am a great investor! Everyone should just give me their money and I'll only charge like a 5% management fee. Just PM me and I will provide you wire instructions. I don't provide investment memorandums btw...…..I'm that good!
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I'm reducing my management fee...…….oofa!
 
tentoes4rings said:
Awesome, congrats. I sold my small amount of UALtoday that I picked up last week at 34. I’m only in tech now, MSFT, Tesla and Amazon are flying again.Also added to Grub Hub position after hours to hopefully pick up 11 points after merger. Microsoft just broke out today, I recommend it to anyone interested in big cap tech. Would not be surprised to see it at 210 soon.
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Doesn’t get much better than MSFT, TSLA, and AMZN. TSLA I truly believe will hit at least $5K within a couple years.
 
Today was a good day to be sitting with a lot of cash. Put a chunk into my daughter's 529.

Gonna wait and see if the selloff continues and maybe get back into it, eyeing HAL and Citi, both of which took a beating for a few days.
 
Tenspro2002 said:
Today was a good day to be sitting with a lot of cash. Put a chunk into my daughter's 529.

Gonna wait and see if the selloff continues and maybe get back into it, eyeing HAL and Citi, both of which took a beating for a few days.
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Idk if I should get greedy or fill out my positions now
 
FB_IMG_1587391315539.jpg
 
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Guys. Market is over bought. Fed stimulus has inflated asset prices short term and the price is not indicative of the economic reality out there.

Easy money is all this i. Easy come, easy go. If you got in at the nadir, I am telling u if you have a short to medium term horizon...sell it all. Hedge your gains with a short position. The market has gone haywire.

fed sees 9.3 unemployment at year end. There is no way current asset prices reflect that economic projection.
 
JohnFSilver said:
Guys. Market is over bought. Fed stimulus has inflated asset prices short term and the price is not indicative of the economic reality out there.

Easy money is all this i. Easy come, easy go. If you got in at the nadir, I am telling u if you have a short to medium term horizon...sell it all. Hedge your gains with a short position. The market has gone haywire.

fed sees 9.3 unemployment at year end. There is no way current asset prices reflect that economic projection.
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JohnFSilver said:
If you are taking any kind of advice from me, you are nuts. I don’t take my advice. I am telling you, flat out,the more I learn about the market the less confident I am in my views.
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Tenspro2002 said:
Oh, not at all. This is my speculation money, maybe 1-2% of my portfolio.

My actual investing I'm putting into funds (mutual, index, bond).
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You would call me a nutcase. I have about 30% in the market - individual stocks. I'm all about that rollercoaster life!
 
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