I am an idiot
April 24th, 2020 at 3:08:03 PM
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.....
The man can't say "the expected return is maybe 100 times from here". So the scam is to make you think you think 100x is insane, but there are probably enough people willing to drive it up 2x, or 3x, or 4x, etc. That's how the scam works, the people put this idea in your head. It probably will grow, but then you're just stealing money from people in regime states who have to have their money there, or drug dealers. I can't see far enough out there beyond being in jail and the government demands your password or some other terrible event.
I say that but I'm greedy, and go in just because I'm greedy. Not smart going in and out, but sold earlier and couldn't get my stock order filled. If I had a life and and an immediate use for this money in any way, I wouldn't be doing it. I'm also realizing another problem, I have no confidence in whatever it is I'm doing with these damn stocks, but I'm doing very good by any standards which sucks. So I can't stop. On top of that, I'm mad I'm playing against a super computer with the HFTs. I've realized, the HFTs are not even investing but stealing. If you look at BTG and compare it against the spot price of gold, you can see how it's done. Feels like this is beyond intelligence what is happening. It's like whoever controls these things is working against everyone else with the stock exchanges and the brokerages. Plus getting back into the bit coin, I'm setting limit orders and can tell RH is intentionally not filling orders if the spot is way below your limit. I saw a portion of my order get filled and the spot kept dropping but no matter how many times I refreshed, my order wasn't filled. I think this is shady as hell and no doubt there is some ripping off going on. Some day I guess I'll get $25 from them after a class action. They should change their name to sherriffofnottingham.com. Plus you know, these companies, what they do is have a dark pool. The number of shares are so big, the stocks traded never enter the stock exchange, so they can get away with doing things the SEC would care about or regulate, if the SEC cared.
[edit by mod to fix a formatting issue]
The man can't say "the expected return is maybe 100 times from here". So the scam is to make you think you think 100x is insane, but there are probably enough people willing to drive it up 2x, or 3x, or 4x, etc. That's how the scam works, the people put this idea in your head. It probably will grow, but then you're just stealing money from people in regime states who have to have their money there, or drug dealers. I can't see far enough out there beyond being in jail and the government demands your password or some other terrible event.
I say that but I'm greedy, and go in just because I'm greedy. Not smart going in and out, but sold earlier and couldn't get my stock order filled. If I had a life and and an immediate use for this money in any way, I wouldn't be doing it. I'm also realizing another problem, I have no confidence in whatever it is I'm doing with these damn stocks, but I'm doing very good by any standards which sucks. So I can't stop. On top of that, I'm mad I'm playing against a super computer with the HFTs. I've realized, the HFTs are not even investing but stealing. If you look at BTG and compare it against the spot price of gold, you can see how it's done. Feels like this is beyond intelligence what is happening. It's like whoever controls these things is working against everyone else with the stock exchanges and the brokerages. Plus getting back into the bit coin, I'm setting limit orders and can tell RH is intentionally not filling orders if the spot is way below your limit. I saw a portion of my order get filled and the spot kept dropping but no matter how many times I refreshed, my order wasn't filled. I think this is shady as hell and no doubt there is some ripping off going on. Some day I guess I'll get $25 from them after a class action. They should change their name to sherriffofnottingham.com. Plus you know, these companies, what they do is have a dark pool. The number of shares are so big, the stocks traded never enter the stock exchange, so they can get away with doing things the SEC would care about or regulate, if the SEC cared.
[edit by mod to fix a formatting issue]
Last edited by: OnceDear on Oct 8, 2021
I am a robot.
April 28th, 2020 at 5:48:00 PM
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This stock market is completely fictional. Cat herpes, nuclear bombs, etc., priced in my butt. Oh, so it's more and more stimulus. Nothing else makes sense.
I am a robot.
April 29th, 2020 at 5:56:14 PM
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Oh just noticed these great deals on wayfair. Just about lost my fingers, have 2 left to sell stocks short.
https://www.wayfair.com/Allegri-by-Kalco-Lighting--Legrenzi-48Light-Candle-Style-Tiered-Chandelier-104560-L6085-K~ALLE1849.html?refid=GX432439043402-ALLE1849&device=c&ptid=899439822882&network=g&targetid=pla-899439822882&channel=GooglePLA&ireid=13307590&fdid=1817&PiID%5B%5D=13734183&PiID%5B%5D=13734181&gclid=Cj0KCQjwy6T1BRDXARIsAIqCTXraA3VTPRPm--etJfAZKF7PvWxP9qyeAJxC8GdIZSEMn-MOSp9WyOAaAhLhEALw_wcB
https://www.wayfair.com/Allegri-by-Kalco-Lighting--Legrenzi-48Light-Candle-Style-Tiered-Chandelier-104560-L6085-K~ALLE1849.html?refid=GX432439043402-ALLE1849&device=c&ptid=899439822882&network=g&targetid=pla-899439822882&channel=GooglePLA&ireid=13307590&fdid=1817&PiID%5B%5D=13734183&PiID%5B%5D=13734181&gclid=Cj0KCQjwy6T1BRDXARIsAIqCTXraA3VTPRPm--etJfAZKF7PvWxP9qyeAJxC8GdIZSEMn-MOSp9WyOAaAhLhEALw_wcB
I am a robot.
April 29th, 2020 at 11:05:10 PM
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This sucks, I did try to short Six Flags for 2.5 days, but couldn't stomach the losses anymore. Was originally going to be just 1 day, then got stuck in all these bumps. Now there are stories about how 40% of Americans say they will not go to crowded places until there is a vaccine. Places like movie theaters, amusement parks, etc. I have lost so much money shorting. For some reason it's easier to not cover than it is to not sell when a stock is going down for me. I'd do it if I had some real chart analysis, but I'm just gambling. Educated gambling but over levered and over exposed. I'm beginning to think all these companies can burn down and nobody is selling out until 5 years later.
I'm gambling on NAT too. Don't shoot!
I'm gambling on NAT too. Don't shoot!
I am a robot.
April 30th, 2020 at 6:17:45 AM
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Quote: onenickelmiracleThis sucks, I did try to short Six Flags for 2.5 days, but couldn't stomach the losses anymore. Was originally going to be just 1 day, then got stuck in all these bumps. Now there are stories about how 40% of Americans say they will not go to crowded places until there is a vaccine. Places like movie theaters, amusement parks, etc. I have lost so much money shorting. For some reason it's easier to not cover than it is to not sell when a stock is going down for me. I'd do it if I had some real chart analysis, but I'm just gambling. Educated gambling but over levered and over exposed. I'm beginning to think all these companies can burn down and nobody is selling out until 5 years later.
I'm gambling on NAT too. Don't shoot!
I I lost a fair amount in Six Flags and I only had it about two months. I sold in February.
At my age, a "Life In Prison" sentence is not much of a deterrent.
April 30th, 2020 at 12:24:50 PM
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I was kind of expecting the roller coaster. Truthfully, I have been kind of intimidated into these long shorts. I originally only intended to keep WYNN and SIX for only the first day, but the whole PTD restriction makes me want to swing trade after my original intent to buy based on day trade beliefs. It's screwy, you see a stock you have been folllowing and know the price is out of whack, but you really can't make the moves you want to make. Then today, seems like after all these margins losses are on the books, I can't use margin anymore. Etrade has seemed to take it away from me without a message notification. Just at the right time, I'm finally solid on a short. INO(Inovio) is not going to make any vaccine I don't think, people have been saying the entire company is a joke and not much unlike Theranos. Funny, because I bought the stock yesterday on a dip, but couldn't sell it because of PTD restrictions. By the morning, it was too late to profit, but I was ready to sell, knew the stock was garbage, and put the short in right away. It's down 13% today and I was only able to put half my real money down against the damn thing. I'd be in for 2x my balance, but the margin is gone. Every gold stock is killing me too, bad, bad day. I'd probably want to ride INO into the ground, but it'll take too long.Quote: DRichI I lost a fair amount in Six Flags and I only had it about two months. I sold in February.
I am a robot.
April 30th, 2020 at 3:00:15 PM
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I am reasoning my gold stocks are down just because of the lower fluctuation in the price of gold, so I'm not worried about it. I fully expect gold mining stocks to rise 20-50% in the next year, so I will be holding. There is also no reason to not be in with as much margin as you can get based on the individual stock volatility imo. The mountain is off in the distance and it will be climbed, there is nothing to fear besides the wait.
Added, this could be the reversal I have been wondering when would happen. I'm a bit confused, think my original thesis gold mining stocks still get hit down in a retreating stock market is true. I also do believe gold will take some time to get higher and could dip due to poor economy before it starts taking off with a restarted economy and fears of inflation/deflation/stagflation to elevate gold. It's kind of what happens with oil, low demand. Sadly the fear of missing one more day, probably is going to mean I'm losing on two days before I pull out. I might as well take this time to change brokerages.
Added, this could be the reversal I have been wondering when would happen. I'm a bit confused, think my original thesis gold mining stocks still get hit down in a retreating stock market is true. I also do believe gold will take some time to get higher and could dip due to poor economy before it starts taking off with a restarted economy and fears of inflation/deflation/stagflation to elevate gold. It's kind of what happens with oil, low demand. Sadly the fear of missing one more day, probably is going to mean I'm losing on two days before I pull out. I might as well take this time to change brokerages.
Last edited by: onenickelmiracle on Apr 30, 2020
I am a robot.
April 30th, 2020 at 9:33:29 PM
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Last edited by: OnceDear on Oct 8, 2021
I am a robot.
May 1st, 2020 at 11:02:10 AM
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I have figured out why I couldn't short INO as much as I had wanted. It's super volatile, so I need to have twice the money on hand than what I'm shorting. From March 2nd the price was $4.01, March 9th $14.87, and on March 10th $5.68. The price has fallen from $13.20 yesterday to $9.68 now. I cannot wait until I'm not stuck in positions out of fear when my balance gets higher than the minimum for PTD restrictions. Had I not been having this restriction, I would have made a lot better moves. You need to save your day trades, but you usually miss out by saving them. I might cover INO before the weekend because the odds the company will post fake news to pump the stock when they're ready to sell their own shares.
I am a robot.
May 1st, 2020 at 3:01:46 PM
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NAT and USO I'm bought into are very dangerous high possible return stocks. I've mentioned them, but haven't mentioned the risk in case anyone copy cats. INO is also dangerous, I don't think they'll have a vaccine, but if they do, the price will sky rocket and not come down. Be careful. The danger for NAT is if oil comes up really hard and fast. The biggest risk is what the US does for the home producers. I'm not hanging in long on NAT. It's quite a dilemma, poison cup problem all over again.
I am a robot.
May 7th, 2020 at 12:26:14 AM
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Brutal week. I'm more than ever considering selling all my stock and waiting for the March lows to be retested. Even gold stocks are not safe, because in crashes, people are forced to sell them to satisfy margin calls. The last couple days I might have made a better decision if I was actually awake when the market opened. I was doing really well but from 4/24 on flat and then crashed 20% this week. Hopefully I will be awake to sell everything off at 930. Robinhood is such a piece of garbage by the way, so many problems, too much to write about.
This is a good channel, he gets very little views, but has some good information.
https://www.youtube.com/watch?v=6Jcm5NIJCoc
This is a good channel, he gets very little views, but has some good information.
https://www.youtube.com/watch?v=6Jcm5NIJCoc
I am a robot.
May 7th, 2020 at 5:47:33 AM
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Quote: onenickelmiracleBrutal week. I'm more than ever considering selling all my stock and waiting for the March lows to be retested. Even gold stocks are not safe, because in crashes, people are forced to sell them to satisfy margin calls. The last couple days I might have made a better decision if I was actually awake when the market opened. I was doing really well but from 4/24 on flat and then crashed 20% this week. Hopefully I will be awake to sell everything off at 930. Robinhood is such a piece of garbage by the way, so many problems, too much to write about.
This is a good channel, he gets very little views, but has some good information.
https://www.youtube.com/watch?v=6Jcm5NIJCoc
The dow is up over 300 on overnight trading. Might be better holding today?
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
May 7th, 2020 at 8:11:35 AM
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I'll hold onto the gold for awhile then everything else forget it. Sucks going out on a dip for me personally, but so it is. You were probably correct, but I'm glad being out. I expect the stocks I sold to come down dramatically in the future, so no diff. Either way, I'm recognizing a problem for me, I'm gambling I feel so it's time for me to refocus. This investment is forcing me to feel compelled checking the prices and get nothing else done. Checking is almost pointless, I just don't feel confident without constant obsession which can't be maintained.Quote: vegasThe dow is up over 300 on overnight trading. Might be better holding today?
Last edited by: onenickelmiracle on May 7, 2020
I am a robot.
May 7th, 2020 at 10:38:50 AM
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Going to try betting with buffet and trying some put options. SPY put 5 contracts $282 exp 5/11 and SPY put 5 contracts exp 6/1 $245. SPY 3 contracts exp 5/20 $283.
I am a robot.
May 8th, 2020 at 6:01:09 PM
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I really didn't know what I was doing with those options. I realized most likely we wouldn't have such big drops, but couldn't tolerate something so expensive. I also didn't realize a lot, though it's not over. Chances are I'd have to sell for extrinsic value if there is any on Monday. As of now, the 5/11 contracts have lost 90% of their value, and odds are they'll expire worthless all the way. I was greedy as much as anything else, just way over bet. If I get paid on these things I'll be lucky, we'll see. Seems like everyone else is just crazy.Quote: onenickelmiracleGoing to try betting with buffet and trying some put options. SPY put 5 contracts $282 exp 5/11 and SPY put 5 contracts exp 6/1 $245. SPY 3 contracts exp 5/20 $283.
I am a robot.
May 8th, 2020 at 11:42:04 PM
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Well, that link about gummint spying-eyes... THERE IS covid-19 tracking. Apple and Google of course, Mister$oftie I think has one too. A touch of skepticism and paranoia never hurt anyone, large doses can be fatal.
Wayfair got to $180 (6-bagger!) and APPL $300+ Looks like TSLA $800+ any day.
My stuff doing OK, the equal-share index up 24.35%, the equal-dollar (my pf basing) index up 43.7%. Of course, this is supposed to be slow-money with a 2 year horizon.
Suited89
Wayfair got to $180 (6-bagger!) and APPL $300+ Looks like TSLA $800+ any day.
My stuff doing OK, the equal-share index up 24.35%, the equal-dollar (my pf basing) index up 43.7%. Of course, this is supposed to be slow-money with a 2 year horizon.
Suited89
some people need to reimagine their thinking
May 13th, 2020 at 9:54:44 AM
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Damn, bought $6 GE 5/15 puts yesterday and sent a market order to sell 80/145 of my puts before I fell asleep at 6 am. Noticed GE $6.10 and had to I guess. They're up 250%. Other than that, made up for my significant losses the last 2 weeks and at the top. So many puts with far out expirations, that's going to be tough. On top of that, I can't tap any of the value for margin or buying power. Don't see any reason to sell them now, but a stimulus bill could temporarily ruin a lot of these gains. It's not a correction yet I don't think. GE had not been under $6 before, so I had to pull back the bet I guess. Was a day off on a lot of puts, kind of thought Mondays were too obvious any more.
I am a robot.
May 13th, 2020 at 10:04:54 AM
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Quote: onenickelmiracleDamn, bought $6 GE 5/15 puts yesterday and sent a market order to sell 80/145 of my puts before I fell asleep at 6 am. Noticed GE $6.10 and had to I guess. They're up 250%. Other than that, made up for my significant losses the last 2 weeks and at the top. So many puts with far out expirations, that's going to be tough. On top of that, I can't tap any of the value for margin or buying power. Don't see any reason to sell them now, but a stimulus bill could temporarily ruin a lot of these gains. It's not a correction yet I don't think. GE had not been under $6 before, so I had to pull back the bet I guess. Was a day off on a lot of puts, kind of thought Mondays were too obvious any more.
That's how quickly the values change, when I wrote that, the GE puts were worth 250%, now 200%.
On top of this, there goes INO issuing up to $100 million in new stock and the price is trending up for the day. It's normal for COVID stocks to go up on down days, but that's a bad stock. This practically means nobody else wants to give them $100 million, whether grant nor loan nor deal. $100 million is about 5% of the market cap right now above $13. Significantly more days or weeks or months ago. Maybe this time they have a vaccine, but I can't believe it based on everything I have learned.
Last edited by: onenickelmiracle on May 13, 2020
I am a robot.
May 13th, 2020 at 11:35:17 AM
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Quote: Suited89Well, that link about gummint spying-eyes... THERE IS covid-19 tracking. Apple and Google of course, Mister$oftie I think has one too. A touch of skepticism and paranoia never hurt anyone, large doses can be fatal.
Wayfair got to $180 (6-bagger!) and APPL $300+ Looks like TSLA $800+ any day.
My stuff doing OK, the equal-share index up 24.35%, the equal-dollar (my pf basing) index up 43.7%. Of course, this is supposed to be slow-money with a 2 year horizon.
Suited89
I don't understand Wayfair at all. I have a business account with them and their free shipping has to kill any profits they make. I ordered a queen-sized mattress, an outdoor furniture set made of rattan, and two couches. All sale items and I also had a 20% off coupon. List price was around $1800. I paid $650 and the shipping was free. I don't see how they covered their expenses.
The difference between fiction and reality is that fiction is supposed to make sense.
May 13th, 2020 at 12:35:14 PM
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Quote: billryanI don't understand Wayfair at all. I have a business account with them and their free shipping has to kill any profits they make. I ordered a queen-sized mattress, an outdoor furniture set made of rattan, and two couches. All sale items and I also had a 20% off coupon. List price was around $1800. I paid $650 and the shipping was free. I don't see how they covered their expenses.
Is it the old offer of lose money on a few customers, while making up for it in the vast majority of customers?
There's no secret. Just know what you're talking about before you open your mouth.
May 13th, 2020 at 12:48:58 PM
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These big companies don't pay close to what we pay for shipping. It's pretty extreme. For years I was buying 20 pounds of dry cat food for $20 with free shipping and I found out I would have to pay $30 if I wanted to ship it myself somewhere. Plus they're using trust fund tricks to gain market share until the competition quits.
I am a robot.
May 13th, 2020 at 12:58:40 PM
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Quote: rxwineIs it the old offer of lose money on a few customers, while making up for it in the vast majority of customers?
As far as I know, they offer free shipping on any order over $39 or maybe $59 dollars. I realize these companies get volume discounts but it still costs a good bit to deliver couches and a mattress. The rattan was much lighter than I thought, but I may return that set, which is also free.
The difference between fiction and reality is that fiction is supposed to make sense.
May 13th, 2020 at 1:28:28 PM
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Quote: Suited89Well, that link about gummint spying-eyes... THERE IS covid-19 tracking. Apple and Google of course, Mister$oftie I think has one too. A touch of skepticism and paranoia never hurt anyone, large doses can be fatal.
Wayfair got to $180 (6-bagger!) and APPL $300+ Looks like TSLA $800+ any day.
My stuff doing OK, the equal-share index up 24.35%, the equal-dollar (my pf basing) index up 43.7%. Of course, this is supposed to be slow-money with a 2 year horizon.
Suited89
This video was just for fun, it's the Onion. It's just hilarious and I posted it because at the time I was seeming to be crazy. I didn't sell any puts beside a small gold stock put position. I was actually screwed just like someone playing video poker. I had my sell option for $.30, and the second I hit submit, Robinhood changed it to $.25. It basically cost me $75. Casino puts have been my best bets. I didn't realize how stupid I was making puts on the SPY when I could get puts on vulnerable companies not under the umbrella of protection from FAANG stocks.
I am a robot.
May 13th, 2020 at 3:17:19 PM
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When I'm watching this guy, I can't help but think it's Wizard.
They could easily be brothers and best friends if not twins.
They could easily be brothers and best friends if not twins.
I am a robot.
May 14th, 2020 at 1:09:19 AM
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May 14th, 2020 at 1:55:17 PM
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Man that was a hurtful day for me. If I was even awake at 10am, could have been up 25% for the day at the peak and now I'm down 13%. Man the luck putting in orders in advance when market isn't open is not good. I'm not a scum bag like a lot of other people I know, so at least there is that.
I am a robot.
May 14th, 2020 at 3:33:22 PM
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I can go ZK on this. This market makes no sense. It's like people think they're buying tickets to Disneyland. I'd never sell my positions, today has to be an overreaction. Selling off the market because a known trader says it's the most overbought market since 99 and the next day everyone is buying more. There are people literally saying to buy the market because the dollar is worthless. That's not a reason, that's a reason for a bubble. Has to be a humongous bear flag, the market should have fallen 50-60% off the highs. Guess it will by years end.
I am a robot.
May 15th, 2020 at 12:32:18 AM
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I don't feel right being in this stock market because it's obviously rigged. I cannot go long on any stock, I have my put options which were so handsomely in the money for 2 days, but now I am coming to the conclusion "stonks only go up". I cannot move away from the idea the stock market should just split in half, our economy has been chopped up laying in pieces and then cut into a puzzle with a random image on it. I just can't let my real money be eaten up by a cheat code. I might as well take my money and buy thousands of dollars worth of toilet paper. Instead of gold during the apocalypse, I'm going to invest in viagra. I think it will hold its value and buying power. I have lost on almost every put or short sale it seems, and there is no reason to buy.. I can have some reason to buy a few stocks but I can't. Doesn't matter if I buy gold stocks and the market crashes with soaring gold. I do feel the pain thinking it's pussy excuse, they have to rise in a year. Now I write that, I realize it's not true, they are easily overbought. I have just managed to play a video game for 2 months being paid.
I am a robot.
May 15th, 2020 at 12:42:03 AM
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It's not even the big companies, I hear that's the key to making money in this type of business. It's all about getting discounts and understanding the best ways to ship things.Quote: onenickelmiracleThese big companies don't pay close to what we pay for shipping.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
May 15th, 2020 at 12:53:11 AM
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Yeah I ordered 2 brooms from walmart and they were shipped separately. The boxes were very large too, like a pencil in a glass lol.Quote: AxelWolfIt's not even the big companies, I hear that's the key to making money in this type of business. It's all about getting discounts and understanding the best ways to ship things.
I am a robot.
May 15th, 2020 at 11:13:16 AM
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,
Quote: AxelWolfIt's not even the big companies, I hear that's the key to making money in this type of business. It's all about getting discounts and understanding the best ways to ship things. [/q
In 1986, Steve Geppi was the owner of a four-store comic book chain. His comic distributor went belly up, leaving Steve on his own. He had previously worked in the logistics department of the post office and used his knowledge of shipping to cut his transportation costs.
Realizing he could scale this nationwide, he entered the distribution game and, within five years, had a monopoly on distributing the billion-dollar comic market.
Shipping won't make a lot of shops, but it can destroy them. Last year I bought a $99 item on sale for half price plus free shipping off eBay. It was oversized, so when it came, I weighed and measured it, then entered it into the eBay shipping program, and it was $42. Unless the man got the item free, he lost money.
Losing money on every sale but making it up with volume doesn't work in real life.The difference between fiction and reality is that fiction is supposed to make sense.
May 15th, 2020 at 1:19:17 PM
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It's hard to sell out. Casino stocks moving insane since the miraculous 2 crash days. My GE option closed out over 200%, what a regret wimping out putting an order to sell my put options before the market opened when I wasn't going to be able to see the market. What is worse, the $1100 I didn't gamble, I gambled more on INO puts and completely lost the money. Irrational markets last longer than solvency for sure. I'm kind of worried about my latest move.
I had noticed ACB posted more losses, but weed consumption was up. The market opened with the price up 29%, and at the time, I had seen the price movement was up almost 75% for the day. At the end of the day, my $3070 in puts was worth $3380. I have seen this so many times, the prices fall from the peak at the end of the day. So you think you made the right move. I'm probably going to get killed on this trade, I was worried about it the entire time. I just couldn't sell it. You would think there would be a sell off in the next week, that would be rational for the stock to be sold at a great rate. It's probably not going to happen and I'm locked in now damn it. By May 22nd, the price has to fall to $9.47 for me to break even on the trade. Some youtuber might pump and it's could go parabolic. That's fine, but it has to crash within a week. As long as $11.67 is the peak, I should be fine. I've made this mistake many times, hopefully I'm right this time. The stock has lost 90% of it's value in a year. It closed yesterday at $6.59. Wait and see.
I also note it is the number one held stock at RH, the way things are, the fundamental idiots will take the money given to them by the fed and go all in. Maybe I'll get lucky and GE will go BK this coming month. I'm in that one with more puts, but I'm only returning 16% so far.
ACB has 449,138 RH users at this moment holding at least 1 share of stock. I like keeping some kind of track on this an the price. How do you think my bet will turn out? It's an $11 strike price put expiring 5/22.
I had noticed ACB posted more losses, but weed consumption was up. The market opened with the price up 29%, and at the time, I had seen the price movement was up almost 75% for the day. At the end of the day, my $3070 in puts was worth $3380. I have seen this so many times, the prices fall from the peak at the end of the day. So you think you made the right move. I'm probably going to get killed on this trade, I was worried about it the entire time. I just couldn't sell it. You would think there would be a sell off in the next week, that would be rational for the stock to be sold at a great rate. It's probably not going to happen and I'm locked in now damn it. By May 22nd, the price has to fall to $9.47 for me to break even on the trade. Some youtuber might pump and it's could go parabolic. That's fine, but it has to crash within a week. As long as $11.67 is the peak, I should be fine. I've made this mistake many times, hopefully I'm right this time. The stock has lost 90% of it's value in a year. It closed yesterday at $6.59. Wait and see.
I also note it is the number one held stock at RH, the way things are, the fundamental idiots will take the money given to them by the fed and go all in. Maybe I'll get lucky and GE will go BK this coming month. I'm in that one with more puts, but I'm only returning 16% so far.
ACB has 449,138 RH users at this moment holding at least 1 share of stock. I like keeping some kind of track on this an the price. How do you think my bet will turn out? It's an $11 strike price put expiring 5/22.
Last edited by: onenickelmiracle on May 15, 2020
I am a robot.
May 18th, 2020 at 9:02:59 AM
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Not selling those options before the close was highly detrimental, this blows. This isn't the stock market rising, it's inflation or stagflation, something is horribly wrong. C'est la vie. Stocks are overvalued almost as much as the dotcom era. The casinos stocks are killing it and some of the casinos won't even be open until the end of the year at all. Who wants to buy them? These don't bother me as much as everything else, they will be sold off in time I think.
I am a robot.
May 18th, 2020 at 10:34:40 AM
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Things were so drastic, I had to close out everything at gigantic losses. JPowell is a member of Wall St. bets.
I am a robot.
June 4th, 2020 at 8:05:14 PM
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I've had personal/family business to attend to in the past month. Family member going Title XIX is a lot of work.
The bulk of the work has now passed.
In the meantime, two of my stock alerts went off, and I purchased HT & CLDT at reduced prices of $3.75 and $4.91 at the 5/14 open. Now fully invested with nine stocks in the portfolio. Five of them are hotel REITs, three are other REITs, and Ford.
As of tonite 6/4 the =share index is up 52.8% and the (near) =dollar index is up 79.9%. Just a mere dribble for dividends, but that will come 'round late next year/2022.
The bulk of the work has now passed.
In the meantime, two of my stock alerts went off, and I purchased HT & CLDT at reduced prices of $3.75 and $4.91 at the 5/14 open. Now fully invested with nine stocks in the portfolio. Five of them are hotel REITs, three are other REITs, and Ford.
As of tonite 6/4 the =share index is up 52.8% and the (near) =dollar index is up 79.9%. Just a mere dribble for dividends, but that will come 'round late next year/2022.
some people need to reimagine their thinking
June 5th, 2020 at 6:44:39 AM
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I got lucky. I bought some American Airlines about six weeks ago and it was doing nothing. In the last two days it has doubled. I don't know if it will hold at this level but I am not ready to sell. I usually keep stocks at least a year when I buy them.
At my age, a "Life In Prison" sentence is not much of a deterrent.
June 5th, 2020 at 6:57:39 AM
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Stonks only go up.Quote: DRichI got lucky. I bought some American Airlines about six weeks ago and it was doing nothing. In the last two days it has doubled. I don't know if it will hold at this level but I am not ready to sell. I usually keep stocks at least a year when I buy them.
I am a robot.
June 5th, 2020 at 8:16:46 AM
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Quote: DRichI got lucky. I bought some American Airlines about six weeks ago and it was doing nothing. In the last two days it has doubled. I don't know if it will hold at this level but I am not ready to sell. I usually keep stocks at least a year when I buy them.
Hell yeah, airlines are soaring! I picked SAVE at nine-something for one of the forum members here and it has nearly tripled! I also picked PENN at $9-something for a couple people but thought $19 was a good sell point...oops. Still 100%+, though.
I usually don't release my picks publicly because I would feel responsible if I was wrong and someone lost money. One of the two forum members said he would confirm anything I say vis-a-vis picks to Wizard directly.
My other picks and price v. current:
MFIN @ $2.42----$3.56 (+37.1%)
GT @ $7.16---$10.04 (+40.22%)
BGG @ $2.00----$1.94 (Sucked)
VSTO @ $6.92----$11.42 (+65%)
F @ $5.15----$7.24 (+40.58%)
PENN @ $9.00---$37.30 (+314.44%)
SAVE @ $9.00---$24.62 (+173.55%)
ASNA @ $1.18----$2.65 (+124.58%)
DNR @ $.18----$.29 (+61.11%)
STON @ $.54----$.87 (+61.11%)
GTIM @ $.59----$1.21 (+105.1%)
AEO $7.00-something----$13.08 (Almost double)
Anyway, these are all pretty good gainers for a period of two months or so, except BGG---that pick sucked. I don't believe he has participated in this thread, but there is a forum member who can confirm to Wizard I made these picks. I can also show text pictures privately if I block his name out.
Anyway, some of my picks obviously sucked. The 40% gainers aren't any good. Solid companies are mainly going to drop on bad earnings reports in a situation like this and everyone is going to panic. Companies such as PENN and AEO as much as directly said they could not make another dollar this year and they would be fine, so I like companies like that. PENN also said they would pay everyone for two weeks or a month before the Government had even passed anything, not only is that good publicity and the right thing to do, but also shows tremendous financial strength.
But, the market is back to being strong, much stronger than I think it should be...so I haven't been paying attention the last nearly a month.
Also KFFB at $5.50 which is now at $6.50, so that pick was awful, but they pay good dividends.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
June 5th, 2020 at 8:32:26 AM
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Just don’t ever listen to me on when to sell! I always say to sell way too early!
ADDED: I also wouldn’t pick anything now and haven’t been paying attention. I can’t play strong markets to save my life.
ADDED: I also wouldn’t pick anything now and haven’t been paying attention. I can’t play strong markets to save my life.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
June 5th, 2020 at 9:38:42 AM
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This just in from yahoo news the 5/2020 employment numbers are in...appears to be a 2.3 million net gain. Leading the way was travel, leisure, and restaraunts.
Article here https://finance.yahoo.com/news/leisure-and-hospitality-drive-jobs-numbers-higher-142522323.html
Regards
Suited89
Article here https://finance.yahoo.com/news/leisure-and-hospitality-drive-jobs-numbers-higher-142522323.html
Regards
Suited89
Last edited by: Suited89 on Jun 5, 2020
some people need to reimagine their thinking
June 12th, 2020 at 1:04:34 PM
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This article is rather interesting... buying fractional shares. Used to be one got them when reinvesting dividends. Cash-out a bit of a problem, as the full standard fee was applied ($25 back 15+years ago), so all fractionals among all investments was the only way to go. That would also include the selling of non-round lots (< 100 sh.). I had to do this when leaving the REITs in '05. But now, with ridiculous pricing of tech stocks that will not split, fractionals have caught on. Pick a stock and join the round-lot pool. The article actually does call it 'democratizing the stock market', which it is.
https://finance.yahoo.com/news/fractional-shares-trading-demand-as-stock-market-rally-180837763.html
Regards
Suited89
https://finance.yahoo.com/news/fractional-shares-trading-demand-as-stock-market-rally-180837763.html
Regards
Suited89
some people need to reimagine their thinking
September 4th, 2020 at 3:21:31 AM
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Robinhood is under investigation now
ONM, I have to tell you I mention you quite a bit when talking to people, without using your name, though I only know your first name anyway.
It comes up that gamblers turned to stocks as a form of gambling, with a surge when casinos got closed down, and so I will talk about Robinhood and how they went after this market, and that I know someone who did exactly all these gambling-like activities there. I still marvel that they got you into short selling and buying on margin.
https://www.fool.com/investing/2020/09/01/new-sec-investigations-robinhood-investing-villain/
ONM, I have to tell you I mention you quite a bit when talking to people, without using your name, though I only know your first name anyway.
It comes up that gamblers turned to stocks as a form of gambling, with a surge when casinos got closed down, and so I will talk about Robinhood and how they went after this market, and that I know someone who did exactly all these gambling-like activities there. I still marvel that they got you into short selling and buying on margin.
https://www.fool.com/investing/2020/09/01/new-sec-investigations-robinhood-investing-villain/
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
September 4th, 2020 at 3:00:21 PM
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Quote: odiousgambitRobinhood is under investigation now
ONM, I have to tell you I mention you quite a bit when talking to people, without using your name, though I only know your first name anyway.
It comes up that gamblers turned to stocks as a form of gambling, with a surge when casinos got closed down, and so I will talk about Robinhood and how they went after this market, and that I know someone who did exactly all these gambling-like activities there. I still marvel that they got you into short selling and buying on margin.
https://www.fool.com/investing/2020/09/01/new-sec-investigations-robinhood-investing-villain/
brrr brrr brrr
I am a robot.
September 4th, 2020 at 4:31:14 PM
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what?
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
September 5th, 2020 at 1:05:14 AM
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Quote: odiousgambitwhat?
I suppose it's actually Brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.
JPOW with the printing press,
I am a robot.
April 25th, 2021 at 10:19:00 PM
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Oh well I made mistakes and was greedy and trying to do too much and also had some bad luck and I'm fine with it. This lockdown couldn't have happened at a worse time for my personal peak. I've decided to go again and will be more conservative and not act impulsively and only invest what I don't need immediately. I will use margin, and I will not use what I cannot cover in case of catastrophe.
I think these stock values are insane, to think stocks are worth multiples what they were at peaks before corona, just money being pumped into the system with nowhere else to go.
I think these stock values are insane, to think stocks are worth multiples what they were at peaks before corona, just money being pumped into the system with nowhere else to go.
I am a robot.
April 25th, 2021 at 10:44:11 PM
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Speaking of crazy, GME. Just looking at call options for 4/30/21, $.17 for $690 call options, with the price $150. You would think it would be .01, but oh no. I'm tempted to buy in for a ride one way or another, but I will not probably. They think there are some really invested shorts left, maybe they're right. Deepf**kingvalue/Roaringkitty is still in the stock and he has made a ton. Success for this group will not be good if "stonks only go up" and there is nobody to sell to.
I am a robot.
May 2nd, 2021 at 1:26:16 AM
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Back to some old habits, gambling again. put and call options and some speculative stocks and some margin. If I could not worry about PTD, I would sometimes bail as soon as I realized a mistake.
Stocks I own:
BTG, GOLD, NEM
GLXZ(fomo)
LKQ, AAP
COIN
Stocks I own for speculation( I will watch them closely, may sell):
MNMD
SOS
Put options:
TSLA 5/7
Call options:
BTG 5/18 & 6/18
Both sets of options mistakes one way or another for my risk tolerance. I really think TSLA will drop considerably within 3 weeks. Most people who I think own BTC and COIN, also hold TSLA. They won't feel fear unless BTC is dropping under $50,000 for a few days or Musk says something he doesn't mean to say on SNL. I just have trouble thinking many stocks are worth 3x preCOVID, and it's a problem. I just don't have time or energy to be watching all this speculative nonsense.
I'm thinking about HNST IPO and also moving back to cash to stay on the side lines some.
Stocks I own:
BTG, GOLD, NEM
GLXZ(fomo)
LKQ, AAP
COIN
Stocks I own for speculation( I will watch them closely, may sell):
MNMD
SOS
Put options:
TSLA 5/7
Call options:
BTG 5/18 & 6/18
Both sets of options mistakes one way or another for my risk tolerance. I really think TSLA will drop considerably within 3 weeks. Most people who I think own BTC and COIN, also hold TSLA. They won't feel fear unless BTC is dropping under $50,000 for a few days or Musk says something he doesn't mean to say on SNL. I just have trouble thinking many stocks are worth 3x preCOVID, and it's a problem. I just don't have time or energy to be watching all this speculative nonsense.
I'm thinking about HNST IPO and also moving back to cash to stay on the side lines some.
I am a robot.
May 2nd, 2021 at 1:40:46 AM
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Margin I do realize how they will offer it, then raise the equity requirements. I realized it, but as fully as I do now. Margin was never the problem, it was options. At least being wrong on options and staying wrong. SPY puts netted me 40% in 1 day and they quicky turned the next and kept getting worse. At the time, I thought, everyone will be poor, not everyone will be rich and can't buy anything with the money. The world was ending in my eyes. Early on before my stumble, I had had a plan, be conservative and not watch my stocks at all while I did home repairs but something bad happened or something good didn't happen, which I am not willing to discuss publicly right now.Quote: onenickelmiracleOh well I made mistakes and was greedy and trying to do too much and also had some bad luck and I'm fine with it. This lockdown couldn't have happened at a worse time for my personal peak. I've decided to go again and will be more conservative and not act impulsively and only invest what I don't need immediately. I will use margin, and I will not use what I cannot cover in case of catastrophe.
I think these stock values are insane, to think stocks are worth multiples what they were at peaks before corona, just money being pumped into the system with nowhere else to go.
I am a robot.
May 2nd, 2021 at 3:21:51 AM
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What we all need is inside information*. You and I don't have it.
Oh, information is out there. Mostly it is noise, though. Engineers have an expression, "what is the signal to noise ratio?". With investing, there is very little signal in all the noise. If you think you've got a good ratio, you are probably mistaken, as in "I really think TSLA will drop considerably within 3 weeks", this kind of thing, if it was reliable, would turn you into a multimillionaire in no time.
What can the small investor do? Diversify and buy and hold. At the age I think you are, having met you, do not be conservative!** Do I mean it's OK to gamble? It's not OK if you think you are investing, anymore than it's OK to gamble at -EV wagering in a casino, thinking you are going to come out ahead. Now I too gamble with stocks, a small portion set aside that is just for fun and is as likely to blow up as it is to succeed. But I don't do anything with Margin or Options. I think this is the great disservice of Robinhood, creating new investors but immediately getting them into the wrong mindset for it, and I am partly judging by you, Sir! Sorry about that but since you have a thread, well, I am assuming it is OK
*which acting on is illegal, it needs to be said.
** if I sound like mr. smarty pants, be advised there is a mountain of money I never realized because I was too conservative in my investing. I still am. What I mean if I were in your shoes is stay in stocks, don't go to balanced funds or bond funds to hedge against risk. Diversification can be your hedge and it is sufficient. Later in life you can get into some bonds, but I now know being more savvy about that is important too
Oh, information is out there. Mostly it is noise, though. Engineers have an expression, "what is the signal to noise ratio?". With investing, there is very little signal in all the noise. If you think you've got a good ratio, you are probably mistaken, as in "I really think TSLA will drop considerably within 3 weeks", this kind of thing, if it was reliable, would turn you into a multimillionaire in no time.
What can the small investor do? Diversify and buy and hold. At the age I think you are, having met you, do not be conservative!** Do I mean it's OK to gamble? It's not OK if you think you are investing, anymore than it's OK to gamble at -EV wagering in a casino, thinking you are going to come out ahead. Now I too gamble with stocks, a small portion set aside that is just for fun and is as likely to blow up as it is to succeed. But I don't do anything with Margin or Options. I think this is the great disservice of Robinhood, creating new investors but immediately getting them into the wrong mindset for it, and I am partly judging by you, Sir! Sorry about that but since you have a thread, well, I am assuming it is OK
*which acting on is illegal, it needs to be said.
** if I sound like mr. smarty pants, be advised there is a mountain of money I never realized because I was too conservative in my investing. I still am. What I mean if I were in your shoes is stay in stocks, don't go to balanced funds or bond funds to hedge against risk. Diversification can be your hedge and it is sufficient. Later in life you can get into some bonds, but I now know being more savvy about that is important too
Last edited by: odiousgambit on May 2, 2021
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
