11-06-2021, 08:30 PM | #6799 |
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Not waiting for a pullback, those are your words - agree?
I'm fully invested. New money, if any, would be small. The catalyst will be unexpected - global conflict, Suez canal blockage, etc. Stuff that never happens. The past 5 weekly closes have been in the green for the SP500. This hasn't happened at any point post-pandemic. The way forward will be up, with many bumps in the road, both large and small. |
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11-08-2021, 12:30 PM | #6800 |
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made some gains with BGFV (Big 5), MVST, and SOFI but I am looking at a huge loss with PTON
GME has stayed above $210 so overall my account is up but that PTON loss really sucks i was stubborn with my PTON position. doubled down. got slammed. got a margin call because PTON just got crushed.
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11-08-2021, 01:09 PM | #6801 |
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If you like day trading FTV and CZR are fun. I've gone over to crypto and find it more enjoyable. Bigger gains, but there's a learning curve to identifying projects to invest in. I don't like pump and dump as a game plan so I only invest it what a believe in, but there is a huge hype element to crypto that can't be ignored.
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11-08-2021, 08:36 PM | #6802 | |
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11-09-2021, 04:48 PM | #6803 | |
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sell some covered calls, like earn a dollar at a time to make up for the $7,000 loss
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11-09-2021, 07:40 PM | #6804 |
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I’ve been losing on average about $20k on AMC, and I’m obviously holding because I don’t wanna take that huge loss. Is there a possibility I can recover little by little with puts?
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11-09-2021, 08:03 PM | #6805 |
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what is your exact position? and what is your thesis?
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11-09-2021, 10:29 PM | #6806 | |
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My TSLA took a dump too. Down 12%. I knew it was going to be bad when I was already down more than $1k within the first few minutes of open. No big deal unless it continues. A good chunk of all the gains from last month is gone. Hoping to get in on the RIVN IPO & taking this forum's advice and dropping $20k for the long haul in an ETF tomorrow as well. Remember: Red means buy!
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11-09-2021, 10:32 PM | #6807 |
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PTON was primed by the pandemic and people wanting to exercise indoors. That's just not the case anymore. I don't see it going lower than $30 though. Might stay there for awhile though or grow slowly. It's just too expensive for the kind of growth it needed to maintain its high of $160ish.
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11-09-2021, 11:28 PM | #6808 |
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I bought 1200 shares at $53.89 which is about $65k. Im not beating myself over it because it was all from profits from Dogecoin. It’s my play money but of course I would like to try to recover it.
I’ve never done options, but from what I understand, I could buy some puts to recover some money if the stock goes down, which I know it’s been up and down which is why I’m unsure if I should risk such move to try to recover to just turn around and dig myself deeper in the hole. |
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11-10-2021, 12:52 PM | #6809 | |
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not AMC, the wannabe
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11-10-2021, 03:40 PM | #6810 |
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some blood in the water today with crypto and stocks.
i'd love to scoop some up.... but i just paid car property taxes and house is coming up next. who knew a gt3 would be 20% more property tax than a 458. makes no sense.
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11-10-2021, 03:57 PM | #6811 |
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that PTON mistake is costing me way more than just the direct loss on PTON
i was planning on buying more BGFV and SOFI shares but instead the money went to fulfill the margin requirement for the PTON loss
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11-10-2021, 10:15 PM | #6813 |
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11-23-2021, 11:17 AM | #6814 |
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is it time to buy the dip? end of year SPY calls for the Santa rally?
or are we just beginning a big red slide?
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11-23-2021, 11:19 AM | #6815 |
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double post.
anyway damn that PTON play hurts so bad i'm down nearly $8000 on that single assignment
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11-23-2021, 11:35 AM | #6817 |
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11-23-2021, 11:42 AM | #6818 | |
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Today the SP is up 2.7% over the past month, this is a 37% CAGR excluding dividends, so close to 40% total return. If the market pulls back, which it always does, what should investors do? |
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11-23-2021, 04:28 PM | #6819 | |
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Sorry, couldn't resist.....
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11-23-2021, 06:38 PM | #6820 |
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