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

11/3/2020 9:21:42 PM

horosho
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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
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And today?

11/4/2020 12:50:01 PM

horosho
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Same as yesterday.

11/4/2020 1:09:33 PM

Mr. Joshua
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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
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Doesn't seem conspiratorial enough.

11/5/2020 1:52:55 PM

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

11/5/2020 2:42:33 PM

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

11/12/2020 2:38:53 PM

bellrabbit
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Lets go gold and silver!

11/17/2020 6:46:06 PM

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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
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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

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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
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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
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^^ 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

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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

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My WORK position had a pretty pretty pretty nice day today

11/25/2020 6:19:25 PM

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Bought some atvi, fvrr, zbra, crwd recently

11/25/2020 6:21:41 PM

horosho
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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
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^^ I bought some CRWD little while back

11/27/2020 10:13:12 PM

Mr. Joshua
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CRWD has been good to me. PTON as well, though it took a hit on the initial vaccine news and is slowly climbing back up.

11/30/2020 1:43:33 PM

horosho
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What about INO and AZN? I'm buying call options on the idea that they will eventually get something out and there will still be scarcity in the spring and early summer.

12/8/2020 7:34:03 PM

nacstate
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how long until the big tech bubble burst?

12/12/2020 1:38:31 PM

CaelNCSU
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^ stonks always go up.

IPOB OpenDoor merge may print if approved the 17th.

https://mobile.twitter.com/chamath

12/12/2020 11:56:27 PM

Mr. Joshua
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Bought some PTON calls on 8/5 for $13. Just sold them for $52.50. Hoping to buy back in on a dip.

12/15/2020 3:53:15 PM

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bought some SQ and COUP

supposed to buy high right?

12/17/2020 1:38:46 PM

The Coz
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Republicans have been buying COUP for months now.

12/17/2020 6:11:55 PM

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Bought VRTX

12/18/2020 12:43:42 PM

nacstate
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also picked up some SQ and TWTR last week.

Getting ready to take a hit on TSLA come next week.

12/18/2020 2:49:48 PM

Mr. Joshua
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Shit. All of my TWTR was called away at $40 in September. I didn't realize it had such a run.

12/18/2020 3:39:51 PM

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^^ why a TSLA hit?

12/18/2020 6:34:12 PM

Mr. Joshua
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Quote :
"Bought some PTON calls on 8/5 for $13. Just sold them for $52.50. Hoping to buy back in on a dip."


More like dip-shit. Whoops.

12/22/2020 12:40:05 PM

nacstate
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^^ run up to being included in the S&P. There was expectation for there to be a dip afterward, which there was, but it was only temporary.

Still up almost 15% since I bought in.

12/31/2020 10:57:17 AM

The Coz
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Interesting ride today.

1/6/2021 9:24:13 PM

CaelNCSU
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Raytheon and Smith and Wesson did pretty good today.

1/6/2021 11:31:08 PM

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jesus what a day

1/7/2021 11:32:10 AM

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my LMND stock up 26% today

1/7/2021 3:47:58 PM

Mr. Joshua
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Dammit. Sold puts on that last month.

1/7/2021 5:09:28 PM

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motley fool still hyping it

[Edited on January 7, 2021 at 5:21 PM. Reason : its been tearing upwards for a while now]

1/7/2021 5:20:56 PM

JT3bucky
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any good watches for tomorrow? Cleanspark and BNGO have done wonders for me.

ZOM anyone?

1/7/2021 8:09:24 PM

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damn where did you hear about ZOM?

1/11/2021 1:32:36 PM

OmarBadu
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missed this one - would love to know why ZOM was on your radar

1/11/2021 8:25:23 PM

Elwood
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https://www.yahoo.com/finance/news/penny-stock-zomedica-jumps-250-after-someone-paid-netflix-star-carole-baskin-299-for-a-mention-225328904.html


Quote :
"Little known Michigan-based animal health and veterinarian penny stock Zomedica surged nearly 250% since earning a mention from Netflix’s “Tiger King” star Carole Baskin last week. In a video re-posted to YouTube, Baskin delivers a glowing review for the company, saying "I don't know if you guys have heard about Zomedica, but they help our veterinarians and our furry friends” and that she is “definitely invested in finding out more” about the company."

1/13/2021 9:07:13 AM

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bought some BLOK :shrug:

1/13/2021 2:55:06 PM

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