- Joined:
- Jun 25, 2010
- Posts:
- 41,214
- Liked Posts:
- 28,312
Congratulations.
Stock Market/Investing
- Thread starter knoxville7
- Start date
- Joined:
- Jun 25, 2010
- Posts:
- 41,214
- Liked Posts:
- 28,312
It did appear in my portfolio finally.. of course will after it went to 18.
- Joined:
- Aug 21, 2012
- Posts:
- 42,192
- Liked Posts:
- 34,936
Everything seems to be tanking.... I'd hang in right now and just wait for the market to bounce back.
It always fucking does.... this is how the institutional investors make money.
When it is on an upswing.... sell stock, sell call options, hedge with put options.
When it is on a downswing.... buy/hold stock (cost avg down), buy/hold call options (depending on term), hedge with call options.
Look for a bottom.... BUY BUY BUY..... wait for upswing.... rinse and repeat.
It always fucking does.... this is how the institutional investors make money.
When it is on an upswing.... sell stock, sell call options, hedge with put options.
When it is on a downswing.... buy/hold stock (cost avg down), buy/hold call options (depending on term), hedge with call options.
Look for a bottom.... BUY BUY BUY..... wait for upswing.... rinse and repeat.
- Joined:
- Jun 25, 2010
- Posts:
- 41,214
- Liked Posts:
- 28,312
I'm not panic selling... I am just unfortunately full invested now and have no money to buy any dips lol.
Kinda what I figured was gonna happen though.. I got impatient and didn't wait for this to happen. Of course as my personal logic tells me, the market only tanked because I bought in. If I hadn't bought in, it'd still be going to the moon.
- Joined:
- Apr 17, 2010
- Posts:
- 37,209
- Liked Posts:
- 35,954
- Joined:
- Aug 21, 2012
- Posts:
- 42,192
- Liked Posts:
- 34,936
If it makes you feel any better I think the same things lol.
"Fucking hedgies were waiting for me, personally, to buy 2,500$ worth of stock.... so they could ruin my investment!"
- Joined:
- Jun 25, 2010
- Posts:
- 41,214
- Liked Posts:
- 28,312
Here's my market entries for you:
2008 - Market massively crashed in September, I don't recall when I actually bought in.
February 2020 - Just before COVID crash - though this was only to buy index funds in my Roth.
February 2021 - ????
- Joined:
- Aug 21, 2012
- Posts:
- 42,192
- Liked Posts:
- 34,936
You're timing the market the wrong way.
- Joined:
- Jun 25, 2010
- Posts:
- 41,214
- Liked Posts:
- 28,312
Duh.
I stayed in throughout 08-09.. Did buy plenty of things low.. ended up making about a sizeable amount by 2013 when I sold everything to buy a house.
- Joined:
- Aug 20, 2012
- Posts:
- 33,743
- Liked Posts:
- 25,915
- Location:
- Any-Town, USA
My favorite teams
This is actually pretty impressive.
- Joined:
- Jun 25, 2010
- Posts:
- 41,214
- Liked Posts:
- 28,312
Well, at this point, I'm not withdrawing any time soon, I'll probably keep investing money, though mostly in my Roth. Likely to just let my personal account stay at the same amount sell/buy other things.
So expect the market to look like the 1970s and do absolutely nothing.
- Joined:
- Aug 21, 2012
- Posts:
- 42,192
- Liked Posts:
- 34,936
- Joined:
- Jun 25, 2010
- Posts:
- 41,214
- Liked Posts:
- 28,312
Not when Scoot's in the market!Are you saying.... ape no go... to moon?
- Joined:
- Aug 21, 2012
- Posts:
- 42,192
- Liked Posts:
- 34,936
HearshotKDS
Well-known member
- Joined:
- Sep 9, 2012
- Posts:
- 6,761
- Liked Posts:
- 6,931
- Location:
- Lake Forest
Brutal day, but its been bad for like 8 of the last 10 days. One of the things I strongly suggest to anyone who is looking at a portfolio full of stocks they plan on waiting out the correction on: learn how to sell covered calls. It's like charging the stocks rent in your portfolio, all you have to do is have 100 or more shares. If you expect stock to go down in short-mid term its more or less free money.
Pretty much the only thing making me money the last week besides covered calls are DASH puts as the price yoyos between 152 and 140 where SoftBank fights/inflates the price to keep it above 127.50 for Tuesday when the share lockup ends.
Pretty much the only thing making me money the last week besides covered calls are DASH puts as the price yoyos between 152 and 140 where SoftBank fights/inflates the price to keep it above 127.50 for Tuesday when the share lockup ends.
- Joined:
- Jun 25, 2010
- Posts:
- 41,214
- Liked Posts:
- 28,312
Guys I'm sorry for investing in the cannabis industry.
HearshotKDS
Well-known member
- Joined:
- Sep 9, 2012
- Posts:
- 6,761
- Liked Posts:
- 6,931
- Location:
- Lake Forest
Making so much fucking money on DASH puts.
- Joined:
- Aug 20, 2012
- Posts:
- 33,743
- Liked Posts:
- 25,915
- Location:
- Any-Town, USA
My favorite teams
Now's a good time to really build up on some of those positions.
- Joined:
- Jun 25, 2010
- Posts:
- 41,214
- Liked Posts:
- 28,312
Cool, wanna send me some cash?
- Joined:
- Aug 23, 2012
- Posts:
- 22,428
- Liked Posts:
- 7,507
- Location:
- Enemy Territory via southern C
The bubble seems heavily supported by massive top end inflation, and by that I mean the 1% and upper echelon salaries are stretching further and further from the median and mean.