Stock Market/Investing

[PaytonHighstep]

A trader/analyst I follow has been talking about a much bigger market correction for awhile. He doesn't feel this was it. He thinks when SPY hits the area of 420-440, the market will correct itself in a larger correction. We'll see if he's right or not, but he doesn't feel this is the large market correction he thinks is coming. Just thought I'd pass it along for others to consider moving forward.

My account is bloody this week. Ironically, the most stability in my account is from my cannabis stocks. LOL. ?‍

edit: I'd like to add, this account isn't something I need for retirement in 20 years. This is strictly a play account that is icing on the cake, so don't think I'm mortgaging my future or my family's with this account.

 

[Chief Walking Stick]

Shout out to @MDB111™ . Called the massive selloff on CCIV once merger was confirmed. I still have a small position and will add more when the stock kind of finds its rightful place but i locked in more profit than i would have if i didn't listen to a more experienced trader.

Thats standard for mergers like this. But, glad you listened.

 

[Anytime23]

Thats standard for mergers like this. But, glad you listened.

Me too.

What does everyone think for the rest of the week? We looking at more of a correction?

 

[knoxville7]

Me too.

What does everyone think for the rest of the week? We looking at more of a correction?

think you just got your answer. Powell to the rescue again. DOW JOANS now positive for the day

 

[MDB111™]

Thats standard for mergers like this. But, glad you listened.

Eh, I'm pretty much still a guru.

 

[Scoot26]

think you just got your answer. Powell to the rescue again. DOW JOANS now positive for the day

I dunno, the timing of that jump the Dow made to positivity coincides with the Tiger Woods crash news...

 

[ijustposthere]

I was expecting a weird week, just wasn't expecting the opening to have so many stocks down 10%+.

Stonks only go up.

 

[Scoot26]

Dat crash.

 

[ijustposthere]

View attachment 10453

Dat crash.

200% gainz tomorrow. Hope you bought the dip.

*this is not financial advice

 

[MDB111™]

View attachment 10453

Dat crash.

classic cup and handle. this is a buy all day.

 

[Ares]

classic cup and handle. this is a buy all day.

ARE YOU SAYING?

DIAMOND HANDZZZZZ?!?!?!?

Or w/e.... I read WSB for two weeks and still find it fucking weird lol

 

[MDB111™]

ARE YOU SAYING?

DIAMOND HANDZZZZZ?!?!?!?

Or w/e.... I read WSB for two weeks and still find it fucking weird lol

The chart is showing a cup and handle. It literally has huge upside now.

WKHS still has UPS and FedEx and the USPS still has 3 more phases to purchase from them.

This is now a short term stock to play. Good money to be had.

 

[Ares]

The chart is showing a cup and handle. It literally has huge upside now.

WKHS still has UPS and FedEx and the USPS still has 3 more phases to purchase from them.

This is now a short term stock to play. Good money to be had.

Worth buying in at the open tomorrow morning, I assume?

 

[MDB111™]

Worth buying in at the open tomorrow morning, I assume?

Yes. I just bought at 7pm

 

[Ares]

Yes. I just bought at 7pm

I am getting into options trading right now.

You buy call options at all or just the shares?

 

[MDB111™]

I am getting into options trading right now.

You buy call options at all or just the shares?

Ive dabbled in covered calls but I prefer strict daytrading, with reading 1 and 5 minute charts. I also swing many stocks.

 

[ijustposthere]

ARE YOU SAYING?

DIAMOND HANDZZZZZ?!?!?!?

Or w/e.... I read WSB for two weeks and still find it fucking weird lol

??? ? ??

Do it right or not at all.

 

[Ares]

??? ? ??

Do it right or not at all.

STFU PAPER HAND BISH

 

[ijustposthere]

STFU PAPER HAND BISH

BRO, WITH ALL THE DIP I BOUGHT TODAY, IT CAME WITH CHIPS

 

[MDB111™]

BRO, WITH ALL THE DIP I BOUGHT TODAY, IT CAME WITH CHIPS

I think you're supposed to call each other retards too.