Investing General Discussion

Sanrith Descartes · Dec 22, 2021

Moglyzoke Moogleman said:
I mean my heavy HEAVY bag that Im down 10k on, I have zero faith that remaining 3k is gonna be put to good use anywhere. Including in a safer asset.

If you started with 13k and you are down to 3k then you are down 77%.
1. You should have had this idea when you were down 10% or so.
2. What possible data suggests to you that you will recover any of that 10k in the near future?
3. Can that 3k be invested in something that will actually make you money?
4. Do you have enough shares to sell covered calls and try to slowly make some money on the dog?
5. I am not suggesting you sell, just asking questions.

I sold BABA for a loss when it was at the black circle. It was not the wrong plan of action.

Zog · Dec 22, 2021

I honestly see BBB bill getting passed with all of manchins wishes granted, stocks will soar and the increased panic over the fed rate hysteria to take over as it gets closer to the first .25% date.

Tech will be weak again but it's gonna be cruising back near ATHs again before it happens. As bad as Biden is, omicron isn't the doomsday scenario to tank the market.

Lots of good cheer around Christmas will undoubtedly give us our rally.

May the gains be with you all.

Sanrith Descartes · Dec 22, 2021

Zog said:
I honestly see BBB bill getting passed with all of manchins wishes granted, stocks will soar and the increased panic over the fed rate hysteria to take over as it gets closer to the first .25% date.

Tech will be weak again but it's gonna be cruising back near ATHs again before it happens. As bad as Biden is, omicron isn't the doomsday scenario to tank the market.

Lots of good cheer around Christmas will undoubtedly give us our rally.

May the gains be with you all.

Ho, ho, ho.

Fogel · Dec 22, 2021

Moglyzoke Moogleman said:
I mean my heavy HEAVY bag that Im down 10k on, I have zero faith that remaining 3k is gonna be put to good use anywhere. Including in a safer asset.

3k is better than 1k when your stock keeps declining. We are all small fish in a big pond. The market is going to move regardless of what you, I, Sanrith, or Blazin does with our 4-6 figure investments/trades. You need to figure out when the market is moving against you, get out, and get in where its moving in the right direction. Right now the indexes are going up, but they're being carried on the backs of MSFT, AAPL, TSLA, GOOG, AMZN, etc. Otherwise there are currently more decliners than gainers.

That 3k could go in the SPY and next year you'll have 3,600 instead of whatever it'll be on whatever bag your holding. Now multiply that out over the course of 2 to 3 decades. Its risk management. You need to protect your capital so it can make money for you. It's much easier to rebound from 10-20% losses than it is 50-80% losses.

Here's some more math for you. If a stock goes down 10%, it needs to go up 11% for you to break even. If a stock goes down 50%, it needs to go up 100% for you to break even. If a stock goes down 80%, it needs to go up 400% for you to break even. How many times do you see something go up 400%?

Moglyzoke Moogleman · Dec 22, 2021

Sanrith Descartes said:
If you started with 13k and you are down to 3k then you are down 77%.
1. You should have had this idea when you were down 10% or so.
2. What possible data suggests to you that you will recover any of that 10k in the near future?
3. Can that 3k be invested in something that will actually make you money?
4. Do you have enough shares to sell covered calls and try to slowly make some money on the dog?
5. I am not suggesting you sell, just asking questions.

I sold BABA for a loss when it was at the black circle. It was not the wrong plan of action.

View attachment 389302

1. This is my biggest problem right now. I lack the discipline. I lack the emotionless trading. I am not sure what the answer for this is. Honestly I've begun to think I never should've gotten in the market in the first place, but given where I'm at now I might as well continue.

2. Nothing. Since we're being honest, the ticker is GLG. It's insanely obvious this is a China scam. For some reason I even held this trash over the Summer when it was under investigation by the SEC for accounting issues. I don't think we're gonna have the same luck for the $1 NASDAQ rule so it gets flushed to the pink sheets OR get's the YRIV treatment.

3. In theory, yes? I'm sure if I put this into any quality name it'll go up over time. But the money I just blew up was supposed to be on the sidelines for quality. See figure 1.

4. Covered calls requires options right? No options for this ticker.

5. Much appreciated as these questions let me get outside perspective.

Thank you.

Moglyzoke Moogleman · Dec 22, 2021

Fogel said:
3k is better than 1k when your stock keeps declining. We are all small fish in a big pond. The market is going to move regardless of what you, I, Sanrith, or Blazin does with our 4-6 figure investments/trades. You need to figure out when the market is moving against you, get out, and get in where its moving in the right direction. Right now the indexes are going up, but they're being carried on the backs of MSFT, AAPL, TSLA, GOOG, AMZN, etc. Otherwise there are currently more decliners than gainers.

That 3k could go in the SPY and next year you'll have 3,600 instead of whatever it'll be on whatever bag your holding. Now multiply that out over the course of 2 to 3 decades. Its risk management. You need to protect your capital so it can make money for you. It's much easier to rebound from 10-20% losses than it is 50-80% losses.

Here's some more math for you. If a stock goes down 10%, it needs to go up 11% for you to break even. If a stock goes down 50%, it needs to go up 100% for you to break even. If a stock goes down 80%, it needs to go up 400% for you to break even. How many times do you see something go up 400%?

Thank you as well for this. One book I'm reading mentioned the algorithms / HFTs and I've been chewed up by exactly these. Hell basically anything that lacks volume seems to have those fully in control and taking money all over.

Funny you mention the math because that's exactly why I get so angry. I think "Well if this piece of shit has fallen so far, think of how fucking long it has to go just to get near breaking even." Oof.

Fogel · Dec 22, 2021

Moglyzoke Moogleman said:
1. This is my biggest problem right now. I lack the discipline. I lack the emotionless trading. I am not sure what the answer for this is. Honestly I've begun to think I never should've gotten in the market in the first place, but given where I'm at now I might as well continue.

You can't get emotionally attached to a ticker. No matter how much DD you did, how much you like the company, or how much you think its worth, it doesn't owe you anything. I'd be down on something and would be thinking the exact same thoughts "Theres no way this should be down so much, this company is easily worth xxx, etc", but then reality and its continued decline slaps you in the face. Also, just because you put a stop loss on X company at 10-20%, doesn't mean you can't buy back into that company later. Wait until you see the downtrend stop or it bounces off of a support level, then you can buy back in.

Example, I scalped calls on NVDA today, bought them at 1.10 waiting for another big move up, set stop loss at 1.00. It went up to 1.20, moved up stop loss, sold at 1.15. Rebought at around 1.10, rinse, repeat. I never got the big move up but within 10 minutes the calls dropped down to 0.55. Without my stop loss I would've been down more than 50%. Worse case scenario I ended up breaking even thanks to stop losses.

Big Phoenix · Dec 22, 2021

Fogel said:
You can't get emotionally attached to a ticker.

Furry · Dec 22, 2021

Moglyzoke Moogleman said:
I was advised to master equities prior to diving into options. What are your thoughts? I feel like with my gambling-addict nature I'll end up blowing up my account (more than I already have.)

Edit, follow up question : can options be done in paper trading?

If you are a gambling addict you need to not trust your judgments on risk. 100% s&p, contribute regularly, don’t look at the numbers and get ideas

Falstaff · Dec 22, 2021

Rais said:
I panic sold all my stocks and threw it into bonds. I just feel that Brandon is going to pull an extreme and people will flip the fuck out and everything drops 50% of when it dropped with Trump.I hope I’m right. Looking back I had bought in at the cash Dave and busters, amd, and Hertz (herc). My buy in for Hertz was 12 dollars. So depressed.

Moglyzoke Moogleman · Dec 22, 2021

Furry said:
If you are a gambling addict you need to not trust your judgments on risk. 100% s&p, contribute regularly, don’t look at the numbers and get ideas

I have no history of gambling addiction but given how poorly this year's played out it's my suspicion.

(Didnt mean to shit up the thread with the livejournal bs but hey maybe seeing the dark side might caution someone in the future.)

Fogel · Dec 22, 2021

I wouldn't worry about it, it happens to all new investors. You get a few good trades in and you feel like you're invincible. But as they say, the market giveth, and the market taketh away. My biggest issue was leaving too much profits on the table. Up 30%? This babies on fire, it'll keep going! Couple days or weeks later and its now red.

Lightning Lord Rule · Dec 22, 2021

My investment strategy:

Sanrith Descartes · Dec 22, 2021

Moglyzoke Moogleman said:
1. This is my biggest problem right now. I lack the discipline. I lack the emotionless trading. I am not sure what the answer for this is. Honestly I've begun to think I never should've gotten in the market in the first place, but given where I'm at now I might as well continue.

2. Nothing. Since we're being honest, the ticker is GLG. It's insanely obvious this is a China scam. For some reason I even held this trash over the Summer when it was under investigation by the SEC for accounting issues. I don't think we're gonna have the same luck for the $1 NASDAQ rule so it gets flushed to the pink sheets OR get's the YRIV treatment.

3. In theory, yes? I'm sure if I put this into any quality name it'll go up over time. But the money I just blew up was supposed to be on the sidelines for quality. See figure 1.

4. Covered calls requires options right? No options for this ticker.

5. Much appreciated as these questions let me get outside perspective.

Thank you.

The way to remove emotions is to automate your trades. Decide on a stop. Say it's 10%. Set a good til canceled order to sell at 10% below your cost basis. It removed the emotion.

I suggest going into each of the q1 sector Spyders and looking at the top ten holdings. Male a list of the stocks ypj know something about in each. Pair that list down to stocks you would like to own. Use that lost for investments for the future.

If you are in some China fake stock then selling and saving your 3k may be the best answer. It depends on the stock. If it was something like BABA then it might recover. But some rando small cap? Nah.

I'll post more in a larger thread later.

Sanrith Descartes · Dec 22, 2021

Fogel said:
I wouldn't worry about it, it happens to all new investors. You get a few good trades in and you feel like you're invincible. But as they say, the market giveth, and the market taketh away. My biggest issue was leaving too much profits on the table. Up 30%? This babies on fire, it'll keep going! Couple days or weeks later and its now red.

To add on this. Stop loss orders should be an automatic move for most people. Again remove emotion on winners.

Sanrith Descartes · Dec 22, 2021

BABA
oops.

China Tech Shares Pare Rally on Alibaba Cloud Report

(Bloomberg) -- Chinese technology shares listed in Hong Kong trimmed an earlier advance after local media reported that cooperation had been suspended between an Alibaba Group Holding Ltd. unit and a government agency.Most Read from BloombergOmicron at Least Doubles Risk of Getting Infected on a...

finance.yahoo.com

Moglyzoke Moogleman · Dec 23, 2021

Sanrith Descartes said:
The way to remove emotions is to automate your trades. Decide on a stop. Say it's 10%. Set a good til canceled order to sell at 10% below your cost basis. It removed the emotion.

I suggest going into each of the q1 sector Spyders and looking at the top ten holdings. Male a list of the stocks ypj know something about in each. Pair that list down to stocks you would like to own. Use that lost for investments for the future.

If you are in some China fake stock then selling and saving your 3k may be the best answer. It depends on the stock. If it was something like BABA then it might recover. But some rando small cap? Nah.

I'll post more in a larger thread later.

I appreciate all the advice youve given thus far but I'll save you some time since it's a valuable resource.

You've already given me homework I failed to do and I continued down my losing ways. At this point I deserve exactly how blown up my account is.

Sanrith Descartes · Dec 23, 2021

Moglyzoke Moogleman said:
I appreciate all the advice youve given thus far but I'll save you some time since it's a valuable resource.

You've already given me homework I failed to do and I continued down my losing ways. At this point I deserve exactly how blown up my account is.

Sanrith Descartes · Dec 23, 2021

MA, V, PYPL

Moglyzoke Moogleman · Dec 23, 2021

Sanrith Descartes said:
View attachment 389407

I dunno if it's a failure to communicate. Your method clearly does and would work.

I'm just too retarded to take the medicine.

Investing General Discussion

You have insufficient privileges to reply here.

Blackwing Lair Raider

You have insufficient privileges to reply here.

Mr. Poopybutthole

This Site Sucks Hairy Asshole

This Site Sucks Hairy Asshole

Mr. Poopybutthole

Pronouns: zie/zhem/zer

🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭

Ahn'Qiraj Raider

This Site Sucks Hairy Asshole

Mr. Poopybutthole

Il_Duce Lightning Lord Rule

Lightning Fast

You have insufficient privileges to reply here.

You have insufficient privileges to reply here.

You have insufficient privileges to reply here.

This Site Sucks Hairy Asshole

You have insufficient privileges to reply here.

You have insufficient privileges to reply here.

This Site Sucks Hairy Asshole