I always like to hear your opinions. It is being taken under advisement. I could not make my response public beyond my own eyes. I can mention my margin is small and I realize I double down on options instead of getting rid of them immediately when I first want to do so. The PTD rule definitely binds the small investors, it does not help them make the right moves. It is there to scare them and take away their freedom.Quote: odiousgambitWhat 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 seen 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 deservice of Robinhood, creating new investors but immediately getting them into the wrong mindset for it, and I am partly judging by you, Sir!
*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 is your hedge and it is sufficient.
Now I just leave it to the experts at TDA, Vanguard, T Rowe Price, Fidelity and Edward Jones.
Never played with options etc.: too risky.
YMMV
Quote: MrVI no longer try to pick and choose stocks to buy.
Now I just leave it to the experts at TDA, Vanguard, T Rowe Price, Fidelity and Edward Jones.
Never played with options etc.: too risky.
YMMV
Google: Michael Burry index funds
She isn't God. I just learned about her because I haven't been paying attention, but I think she will go down as being at the right place at the right time and just be another one of the pied pipers. People better start having the kool aid tested. I think her streak is over for now.Quote: vegasKathy Wood's has purchased a huge amount of NIO the past few months. They are a Chinese EV car builder. The stock is beat down due to the semiconductor shortage but once this gets settled this stock will run. I also have been buying NIO on the dips.
. So around 7% a year . You guarantee me 7% over the next 12 months and I’ll sign up RIGHT NOW. I wouldn’t however, feel ‘jacked to the tits’.Quote: onenickelmiracleI'm up .34% the last 2 weeks! I'm jacked to the tits!
Quote: SOOPOO. So around 7% a year . You guarantee me 7% over the next 12 months and I’ll sign up RIGHT NOW. I wouldn’t however, feel ‘jacked to the tits’.
I'm almost thinking about buying 1 long put option for Dec 17th. I cannot believe Forbes printed this article, it's such garbage and irresponsible.
https://www.forbes.com/sites/simonconstable/2021/01/25/tesla-at-1900-is-free-money/?sh=2b637e726792
In other news, I'm scared of the CVNA stock I bought. I either hold it hoping it comes up past $268 or maybe buy a put to hedge. If you look, it has been floating between where it is now and $300, but I don't know why and don't know this will continue. All my other auto plays have been going up modestly while this one falls and I impulsively bought more as it fell.
Quote: SOOPOO. So around 7% a year . You guarantee me 7% over the next 12 months and I’ll sign up RIGHT NOW. I wouldn’t however, feel ‘jacked to the tits’.
Have you looked into Yield Street? They gave me a pitch a month or so ago but didn't land me. They were offering qualified accounts a six percent return on nine-month notes. I'm sure that's a teaser but I've heard mostly good things about them.
I didn't qualify for their top tier but imagine you would.
Quote: billryanHave you looked into Yield Street? They gave me a pitch a month or so ago but didn't land me. They were offering qualified accounts a six percent return on nine-month notes. I'm sure that's a teaser but I've heard mostly good things about them.
I didn't qualify for their top tier but imagine you would.
I went to their website. Certainly interesting. When you say ‘they gave me a pitch’, do you mean a mailing, an on line ad, or an actual person you spoke with? To me it seems like they are a financial advisor who picks stuff with no guarantees. I guess I’d need a person I know that has an account to give it a thumbs up before I’d seriously consider them. Thanks for the idea though.
I don't know much about them and am not recommending them, merely pointing out such opportunities exist.
One thing I'll give them credit for was it wasn't a hard sell.
Quote: onenickelmiracleDumped most CVNA. Was too scared. Guess it is overbought. Will not update so much to a thread w little interest.
There are a few who have interest. But the thread title ‘I am an idiot’ does not engender new interest. If you just want to talk about stocks/investing feel free to tack on to my WoV portfolio thread!
Well I was hoping it would be like calling someone Tiny then I became an idiot. Outside pressures then and also being confined negatively affected my picks. I could have just about kept everything I ever bought and been 500% up. I'll have to go through all the purchases. As was then, I'm putting too much time into "watching" and it's not productive. The good news is I'm almost no margin. I will read the portfolio thread and get into it there.Quote: SOOPOOThere are a few who have interest. But the thread title ‘I am an idiot’ does not engender new interest. If you just want to talk about stocks/investing feel free to tack on to my WoV portfolio thread!
:) Feels so Nathany.Quote: unJonFWIW, I enjoy reading this thread.
My opinion was she was really nervous. Poor man's lie detector test. She was getting ready to sell it(her pitch). She needed it to be bought. How is even possible this will bounce now? If anything all these people are locked in because they were selling calls and the stocks will be sold because of the puts. This gas pipeline thing I thought will be really bad for the short term. Don't know what can happen after the markets close, I think they should do nothing, but they won't. I think she is right long term, but individual stocks can't be given credit for making it now years out.
This video doesn't show her squirming before she speaks as she was anticipating the question. I cannot find it.
I had noticed BTC fell immediately 1% yesterday and tried selling my COIN shares then after hours. Of course the option to trade after hours didn't work when I clicked on my laptop. TDAmeritrade, can't wait to get there.
Check that. Gas shortages.
Quote: billryanJust keep trying to reinvent the wheel. I'm sure you will succeed eventually.
This site needs a dislike post button.
Quote: billryanJust keep trying to reinvent the wheel. I'm sure you will succeed eventually.
Quote: onenickelmiracleIf I hadn't have done that, my account would probably be up 30 or 40% right now. It's true what they say we like to protect what we have against loss more than a potential for gain.
At a certain point, protecting one's nest egg is more important than growing it. At 62, I'm much more conservative with my investments than I was at 42. It would be foolish not to be.
If a hundred-dollar stock drops 50%, it now must go up 100% just to break even.
I recently signed up with a new advisor. I got an email last night telling me my portfolio went up 1.87% last week. Obviously, the guy is a genius and I should now expect similar returns each week, right?
This has not even been worth it for me anyway. It was all I cared about for 2 weeks and to be honest, I just seem to be watching a green line for hours like it's a horse race or football game. Checking this, checking that, reading this. Hardly even took care of myself, wasn't leaving the house, just obsessed. have been sick too. Had thought maybe COVID, but it's better already,
Added: Just looked up some of the puts I had and most increased 50, 70 and 100% today. Yuck. Never know where they land when I would have sold, but the very short term future looks red for days.
EditedL: meant to say $7 not $4.
https://refer.etrade.net/6f0m4n
Starting to feel momentarily bullish about TSLA for a short time, very slightly over the next couple months. As much bad news has come out and they're just buying. I can concur these 2 things are connected and correlated. Whenever I post, this is just how I feel at the moment and I might not update if I change my mind mainly because I might not care.
I also cannot believe people are buying into RIDE right now, 100% pure speculation when everything looks so bad. At some point I could have seen the price was worth it, but the money just came coming.
Naturally as soon as I am typing this, a corner turns by the time it's done, not that it matters.
This site is interesting
https://8marketcap.com/
I wish them luck, hope someone turns it around and they bring some gigantic bags on money.
This stock will tank bad tomorrow and sell like RIDE has the plague. Have 90 $9 puts expiring tomorrow, this should be a huge no brainer. My problem is Etrade says they execute these options at 2pm so I will not get maximum return if so. I'm thinking the stock could close anywhere and erasing the last 3 days to $7 or lower might be possible. I might have to ask them to not execute the options and do it myself right before close. I'd be so afraid some long shot nobody would buy them but there will be buyers.
Might be an ok idea, but not great and certainly not without flaws. The stock could go up tomorrow, I was just being excited and using "forward looking" statements. ;)
Quote: vegasRIDE is down 0.49 cents in pre market trading. It closed Thursday at 9.70.
I'm completely mesmerized right now. Up like a rocket. Should reverse soon. I'm told clear resistance at 8.80, so that sucks. It was down 20% yesterday and people are buying it like the plant is made of solid gold. I really thought it would drop $1 or $2 today and I'd kill it, Really thought no chance it goes up like this, I bought 10 contracts expiring next week, will see what happens.
Dammit ONM. Will you please stop driving down the value of my BTC!Quote: onenickelmiraclepfft BTC decides to go reverse like 6% for day click just like that, I have no choice but to wait and see what happens.
I need you to sell your entire holding and aggressively go short. With your luck, that should kick off a bull run. $:o)
If I was directly in it, it would veer back and recover as soon as I sold. I bought $1. Hope it helps.Quote: OnceDearDammit ONM. Will you please stop driving down the value of my BTC!
I need you to sell your entire holding and aggressively go short. With your luck, that should kick off a bull run. $:o)
They're breaking trend today. SHAMU is selling BTC and buying every stock there is. He probably is using his 500 million to look at my computer to do reverse stock plays. RIDE TO THE MOON!