Stock Market Chat

[CJ]

Hope you have better luck than me on IPOs. Here's my screw up story...

I said screw it, I'll try an IPO, I've never bought in on one before. So I bought in on Rocket Mortgage the 1st day. Went up a bunch so I added to it. Bought a 3rd batch later on.

Forgot to adjust my stop loss share amount as I bought more, so when it dropped, I only got out of 1/3rd of my position. I didn't realize until I was down something like 30%.

Had a few other times I should've gotten out, but didn't.

Now I'm like... Fukk it, guess I'll just hang on to it at this point. Still down about 20%. :32 (18):

 

[CohibaRobusto]

I've made mistakes placing orders before. Once I was trying to buy like $4k worth of SLV for my 401k portfolio and somehow I ended up buying $16k worth. Of course it tanked after that so I was stuck in it. I ended up moving 3/4 of it into a bitcoin ETN when BTC was around $4k and that has paid off nicely.

 

[Iron1]

What're you looking at now? I got into Lowe's at the end of last week, it broke out a price consolidation. Home Depot looks like it could do the same. Those 2 track well together, so if Lowe's continues to climb, I may hope into HD too for a 2 for 1.

HD and Lowes are doing very well. Lots of people getting cheap money from banks who are then building/upgrading homes.

 

[CJ]

HD and Lowes are doing very well. Lots of people getting cheap money from banks who are then building/upgrading homes.

Yes sir. I've been in and out of both since March.

 

[CJ]

Well that Wayfair trade turned against me, stopped out at a -7.5% loss. Larger loss than I usually take, not pleased

Closed out the MELI trade though at a +20.6% profit.

You win some, you lose some.

 

[Beserker]

Speaking of lose some.... smart money is on the market to likely crash soon if the Biden/Harris “victory” is upheld.

I took out at loan on the max amount I could in my 401k Friday before it just disappears. I dub the coming shitstorm “The Great Repression”

God help us.

 

[CJ]

Speaking of lose some.... smart money is on the market to likely crash soon if the Biden/Harris “victory” is upheld.

I took out at loan on the max amount I could in my 401k Friday before it just disappears. I dub the coming shitstorm “The Great Repression”

God help us.

The January Senate races in GA could cause a shitstorm too.

 

[Goldchester]

Anyone here play with stocks or manage their own retirement?

If so, I hope you're making out ok with the recent Coronovirus related declines.

I first started investing / saving for retirement right around the time of the 2008 financial collapse. That scared the shit out of me, and I barely had anything saved. From that point on I made a big effort to educate myself about financial things and investing. I had a family to support, and I realized that I couldn't trust anyone but myself to do what I thought best with our money. (There were a lot of portfolio managers and financial advisors that gave bad advice and lost people's money during the collapse).

I'm doing ok now, and I pulled nearly all of my money in corporate stocks out last fall right at the time of the yield curve inversion. The money I still have invested is mainly in gold ETF's, which have always made up a sizeable defensive part of my portfolio, and some treasury and municipal bond funds that are up right now also because of this madness.

I'm also a fan of crypto, which will probably put a target on my back if we have any traditional investing guys here.

So here's my theory on coronovirus and the market. Things are going to keep getting worse for a while. Anywhere from 2+ months of declines. Best case, we get a vaccine to market pretty fast before any bankruptcy contagion starts (2 mos hypothesis) and things start recovering quickly.

Worst case, bankruptcies start, a lending weakness emerges (similar to the mortgage crisis in 2008), and contagion spreads kicking off a global financial crisis. The fed and central banks are going to try to head it off by printing money and negative interest rates and it will be a long slow (years) recovery. I'm not ready to predict all-out global financial collapse yet though.

I'm keeping my cash on the sidelines until I feel better about which way things are going. I manage my family's money, and I run all of my big decisions by my wife before I pull the trigger. 2 reasons for that:

1, it keeps me honest and from acting on dumb ideas (and believe me I get a lot of those), because I don't want to run a dumbass idea by her.

2. it keeps her involved so she knows what's going on, and if things go South and I **** up, well there's "hey, I ran this by you and you signed off on it!" LOL

I think Gold has a bright future right now, that's my only positive stock prediction. I also think the long term BTC charts look good.

Wow we can talk about all types of gains on this forum, stonk season is in full effect

 

[CJ]

Anybody else take advantage of the gift that BJ's stock gave us today?

Stellar earnings, soundly beat revenue and profits, opens up down over 6%.

Great company, continues to do well, and will this upcoming quarter as well, with the increase in Covid lockdowns. Sure, I'll buy a great company at a discount.

Up almost 7% since the opening.

 

[xyokoma]

Anyone plays around with Invest 212 on here?

 

[CJ]

Anyone plays around with Invest 212 on here?

I had never heard of it. Googled it, looks like UK version of Robinhood.

 

[DeplorableCracker]

I had never heard of it. Googled it, looks like UK version of Robinhood.

yeah i use Robinhood for play around money

 

[xyokoma]

I havent used anything else so cant comment but made a few hundred quid from it. Have only ever put in a few hundred here and there. Oil and Tesla have been my biggest earners.

 

[xyokoma]

Sold oil for 38% profit and Tesla above 30% too. Then rebought more. Has honestly been a great lockdown hobby. :32 (18):

 

[CJ]

Sold oil for 38% profit and Tesla above 30% too. Then rebought more. Has honestly been a great lockdown hobby. :32 (18):

Nice!!!

Yeah, it's been a great opportunity. Glad you took advantage. It's not always like this though! :32 (18):

 

[xyokoma]

Nice!!!

Yeah, it's been a great opportunity. Glad you took advantage. It's not always like this though! :32 (18):

Yeah, not gonna get another shot like this! And hopefully because **** pandemics lol!!!
Partner has done even better than me but he had a lot more free capital to put in to begin with.

 

[CJ]

Yeah, not gonna get another shot like this! And hopefully because **** pandemics lol!!!
Partner has done even better than me but he had a lot more free capital to put in to begin with.

Don't you dare let him win! :32 (18):

 

[bigbadjedi93]

I’ve got a small amount, and when I say small like 78 bucks, in Tesla that I’m going to ride out. New to stocks but put 100 bucks on there a few months and basically about even. A guy I work with says invest in the dividend stocks, but that’s about all I know.

 

[CJ]

I’ve got a small amount, and when I say small like 78 bucks, in Tesla that I’m going to ride out. New to stocks but put 100 bucks on there a few months and basically about even. A guy I work with says invest in the dividend stocks, but that’s about all I know.

If you want a "set it and forget it" type of investment, pick something that you believe will change the future, like Robotics/Automation, Renewable Energy, or FinTech,, and purchase a decent ETF in that sector.

It'll get you decently broad exposure in that area. Maybe pair it with a Total Market Index find.

Could do a lot worse.

 

[CohibaRobusto]

This just caught my eye because I am all into reading about the vaccines, but now I'm thinking about putting some cash in Moderna

https://www.fool.com/amp/investing/2020/11/29/3-key-advantages-moderna-holds-pfizer-and-astra-z/