User not logged in - login - register
Home Calendar Books School Tool Photo Gallery Message Boards Users Statistics Advertise Site Info
go to bottom | |
 Message Boards » » stock market question Page 1 ... 4 5 6 7 [8], Prev  
horosho
All American
1868 Posts
user info
edit post

not gonna lie, when i saw you say "keep your stops tight" pages ago, i knew what it meant but didn't know there was an actual method to it based on support and resistance. Looking it up opened up a whole new world where I ended up diving down the rabbit hole.

7/27/2020 2:59:30 PM

The Coz
Tempus Fugitive
17237 Posts
user info
edit post

Quote :
"Not if you can remain disciplined and not get greedy. Buy on pullbacks, keep stops tight. Dont get greedy."


This strategy works with mutual funds or at least their ETF equivalents. It's very easy to make money in a rising market. The danger is that when it works, you think it is because you are smart and that you have developed a system that works better than everyone else. You don't know anything the market doesn't know (unless you are engaging in illegal insider trading). Also consider the tax hurdles you have to overcome with short term capital gains.

Anyway, I understand what this thread is about, and I'm not really trying to evangelize for my chosen slow and steady boring approach, but rather to offer confirmation to the previously quoted poster that no one knows what is going on, and that focusing on savings rate and owning the whole market for the long term is the safest proven strategy to date. If you want to play around with some fun money, go for it, but I don't personally find it fun to agonize about daily and intraday price movements.

7/28/2020 8:22:46 AM

Geppetto
All American
2016 Posts
user info
edit post

I'm with ^. I'd also say that don't get greedy means you have to predict near when a pullback will happen, so when you exit that you don't leave too much on the table but don't lose a lot by staying in too long. You also have to accurately do this with regularity for it to have a positive effect on the cash flow.

Some might be okay investing the time in there to get this right a few times, but that isn't me either. Dollar cost averaging of investments within the Mean Sharpe Ratio is where it is at for me.

7/28/2020 1:31:28 PM

The Coz
Tempus Fugitive
17237 Posts
user info
edit post

Stock market up big today across the board. Best thoughts on what drove this?

11/3/2020 9:21:42 PM

horosho
All American
1868 Posts
user info
edit post

All of the indicators were trending towards a Trump win but a Biden win was already built into the market. This was enough to overcome the enormous downward pull from the COVID resurgence.

11/4/2020 3:32:45 AM

The Coz
Tempus Fugitive
17237 Posts
user info
edit post

And today?

11/4/2020 12:50:01 PM

horosho
All American
1868 Posts
user info
edit post

Same as yesterday.

11/4/2020 1:09:33 PM

Mr. Joshua
we want chilly willy
43822 Posts
user info
edit post

Likelihood of a Biden presidency with a GOP controlled senate that will prevent any big changes to tax code.

11/5/2020 12:58:33 PM

A Tanzarian
drip drip boom
10313 Posts
user info
edit post

Doesn't seem conspiratorial enough.

11/5/2020 1:52:55 PM

Mr. Joshua
we want chilly willy
43822 Posts
user info
edit post

Now that the election is over everyone will be free to spend their Soros checks

11/5/2020 2:42:33 PM

StTexan
All American
1465 Posts
user info
edit post

^^^what big changes do you or others need? Paul Ryan ushered in that BS before he retired. Not like there would be some other generational BS coming anytime soon...

11/5/2020 9:38:58 PM

JT3bucky
All American
22841 Posts
user info
edit post

Stocks falling...covid lockdown fears are pushing it.

11/12/2020 2:38:53 PM

bellrabbit
All American
2472 Posts
user info
edit post

Lets go gold and silver!

11/17/2020 6:46:06 PM

synapse
play so hard
59560 Posts
user info
edit post

jesus i am happy i held on to my large (for me) grip of TSLA shares

anybody else holding some and thinking about selling?

11/18/2020 6:31:12 PM

theDuke866
All American
52076 Posts
user info
edit post

Yeah I've got 10 shares. My intent was to just dabble in a very small position, but I think I've made 3-4x on it so far, so that now it's big enough to be at least meaningful (to me, anyway).

Part of me says "this valuation is crazy, take the money and run."

Another part of me says "Remember when you did that after a 10x return on the NFLX you bought at ~$7, only for it to return another >10x after that? How about all of these places starting to ban ICE cars in the next 5-10 years? What about their getting closer to FSD? What about an expected Biden push on the climate change agenda?"

I know a lot of that is probably priced in...but I held off on TSLA for waaaaay too long, then didn't buy enough. So far I've been nowhere near bullish enough on it.

11/18/2020 7:30:13 PM

synapse
play so hard
59560 Posts
user info
edit post

Very good points

I'm just wondering how much longer their competitive advantage will be in place. Automakers investing tons in their space finally.

11/18/2020 8:19:37 PM

OmarBadu
zidik
25011 Posts
user info
edit post

TSLA is a long term hold for me still - no plans to back out

i've got 95 shares in a taxable account that's up 830% and 55 in my wife's IRA that's up over 1000%

11/19/2020 3:36:32 PM

theDuke866
All American
52076 Posts
user info
edit post

^^ right, that's a concern.

On the other hand, TSLA has a big lead already, and would probably realize some benefit as EVs (and for that matter, self-driving capability) go from being niche to the norm--which isn't a transition they can make on their own (in terms of the consumer psyche, or in terms of charging infrastructure, or in terms of lobbying Congress/gov agencies for favorable legislation/regulation.

They also have a solar business that is really growing, and appears to be best-in-class.

11/22/2020 10:18:10 PM

synapse
play so hard
59560 Posts
user info
edit post

ok thx guys you talked me off the ledge

and they're up 5.4% so far today

11/23/2020 11:19:37 AM

synapse
play so hard
59560 Posts
user info
edit post

My WORK position had a pretty pretty pretty nice day today

11/25/2020 6:19:25 PM

synapse
play so hard
59560 Posts
user info
edit post

Bought some atvi, fvrr, zbra, crwd recently

11/25/2020 6:21:41 PM

horosho
All American
1868 Posts
user info
edit post

This has been an incredible run. Back in August I was having big tesla fomo so I bought NIO, Li, and Xpeng. I sold about half of all of them on a little dip a few weeks into it but the rest has really paid off.

I've been learning on the fly all year, made some terrible mistakes and am still up 75% on blind luck.

11/26/2020 2:25:42 PM

theDuke866
All American
52076 Posts
user info
edit post

^^ I bought some CRWD little while back

11/27/2020 10:13:12 PM

 Message Boards » The Lounge » stock market question Page 1 ... 4 5 6 7 [8], Prev  
go to top | |
Admin Options : move topic | lock topic

© 2020 by The Wolf Web - All Rights Reserved.
The material located at this site is not endorsed, sponsored or provided by or on behalf of North Carolina State University.
Powered by CrazyWeb v2.37 - our disclaimer.