Investing General Discussion

Rangoth · Jul 12, 2023

Great question. One reason would be that I believe the stock still has some run in it and I’m already green figure why not go longer and let it ride with some type of limit trail. Of course I could roll and of course I can probably call fidelity but I’m lazy and wanted to find my answer via Google/FoH.

thank you for the guidance. I think I’ll avoid any potential restrictions by selling enough to cover the rest and going from there.

Moglyzoke Moogleman · Jul 13, 2023

Moglyzoke Moogleman · Jul 13, 2023

Jysin · Jul 13, 2023

Oh man, that's -33k UNREALIZED?

You're essentially holding and hoping on multiple losing positions? You need to have some basic form of trade plan and stick to it. The hardest part is just admitting we are wrong in a trade and cutting a loser. You can also have the right idea, wrong timing. Every time you enter a trade, be it a day trade, swing trade, or even longer investment, you need to identify entry, stop, and profit targets before submitting a trade ticket. Stick to that, cut the losing trade and move on. There are new opportunities all the time in markets.

Without seeing your portfolio / sizing, it's tough to say what to cut immediately or what has potential to recover.

Moglyzoke Moogleman · Jul 13, 2023

Gravel · Jul 13, 2023

Sanrith Descartes said:
We finally know the secret all the 1%ers use to become 1%ers. They let the cat out of the bag. You just gotta come up with $100k.

Billionaire Charlie Munger's Advice: 'It's A B***h, But You Gotta Do It. Find A Way To Get Your Hands On $100,000' – Why Earning Your First $100,000 Is Key If You Want To Be Rich

The significance of amassing your first $100,000 cannot be underestimated when it comes to building long-term wealth. As Charlie Munger, esteemed investor and vice chairman of Berkshire Hathaway Inc., aptly stated during a shareholder meeting in the late 1990s, "The first $100,000 is a b***h...

finance.yahoo.com

He's not entirely wrong. And I'd even go further and say it's not until about $500k where you start noticing your money making money.

It's just a slog getting there. But absolutely money begets more money. It's one of those things that everyone just kind of understands, that there are more opportunities the more you have.

Blazin · Jul 13, 2023

Sanrith Descartes said:
I will say this with 100% seriousness. Ignore every single thing you see on social media/discord in terms of "stock tips".

You are absolutely better off listening to most people in this thread. 100%. I'm not saying advice here will always work out for a win (hello to you MTTR), but the idea is that no one here is actively trying to fuck you over when they give advice. I am pretty sure every one of the swinging dicks who said gogo MTTR owned shares and sank with the rest of us.

FOH Investors Daily > Social Media.

MTTR was my "fault" but also I specifically said it was a high risk play that I was willing to take a gamble on because of my use of the product and it went up over 100%. I try to avoid pushing a stock because I worry about somebody taking my "Hey guys I'm investing 0.5% of my portfolio into a high risk play" into "Hey guys I just went all in on on this." DOCU at the onset of the pandemic and MTTR tech craze I think are the only two times I've talked about a higher risk trade. DOCU went up a couple hundred percent and MTTR doubled but the timing of winning trade on MTTR would have been rather difficult as it's spike was short lived. I still think both companies have a technology that will be increasingly used into the future but whether there is sufficient moat to stop big tech from just displacing them remains a question. Sometimes big tech takes the lazy way out and just goes the merger route. The FTC head bitch has had a dramatic effect on how some of these tech plays have worked out.

I still think there could be MTTR synergies with apple headset in the coming years as the tech goes from being a gimmick to something that helps fuel corporate productivity.

Sometimes I wish we did have some sort of real world tracking and scoring not for e peen measuring but so that people can better weigh what they listen to and what they don't. I know there are websites that help this but it all can get a little cumbersome.

For the betterment of members I think focusing on the markets and index overall is healthier and better for people's long term success. People know that is a slow grind though and the allure of getting rich faster is always going to be there.

OU Ariakas · Jul 13, 2023

Sanrith Descartes said:
We finally know the secret all the 1%ers use to become 1%ers. They let the cat out of the bag. You just gotta come up with $100k.

Billionaire Charlie Munger's Advice: 'It's A B***h, But You Gotta Do It. Find A Way To Get Your Hands On $100,000' – Why Earning Your First $100,000 Is Key If You Want To Be Rich

The significance of amassing your first $100,000 cannot be underestimated when it comes to building long-term wealth. As Charlie Munger, esteemed investor and vice chairman of Berkshire Hathaway Inc., aptly stated during a shareholder meeting in the late 1990s, "The first $100,000 is a b***h...

finance.yahoo.com

I know this sounds like the typical "well why don't the poor just BUY more money?" But I think teaching your kids that the easiest time to sock away money is when they first get a taste of real money at a job, are single, and can *literally* exist for a few bucks a day. I wish my parents had enough fiscal intelligence to tell me that when I rushed to move out of my dad's house once I started making "real money." If I would have stayed and saved 75% of my income I would have had a huge leg up on investing. I am going to recommend it to my kids and teach them how to be frugal while still having some fun.

Blazin · Jul 13, 2023

Moglyzoke Moogleman said:
View attachment 482247

View attachment 482248

View attachment 482249

There you are. Funny thing is I've been paid almost $3k in dividend (1 special 2x quarterly) and that same stock was down almost 5.5k last October. So I basically have wiped whatever I started with and what remains is what I've been paid / recovered / made (but not lately. I've been on a bad losing streak hence my active attempts to improve.)

If you notice that nasty drop on the chart thats when I won on a BBBY swing so I took another chance, got frustrated, and destroyed alot of money fast.

Edit: I just looked at the loss porn thread and looks like a year and a half ago I was only up a little about 3k or so from where I am now.

I had a decent push up to 21k but it culminated and I fell rapidly back down to 13k. Yes, my own shitty attitude is one of the biggest threats to my gains so that's an unforced error that needs to stop happening.

I wished I had screenshots from twenty years ago to show my worst blow ups, just wanted to say I have lost $30k+ before. Three times in my investing career I had my ass handed to me, try to just push through it and just make sure you are learning from the "education"

Can look up the old charts of my blow ups:

1st blow up 3dfx (2000?)
2nd Blow up Gatehouse Media (2007 I think?)
3rd blow up Energy 21 (EXXI) (~2008)

These were not small losses, each was a significant portion of my investment portfolio. I look back on it now and wonder wtf I was doing.

Sanrith Descartes · Jul 13, 2023

Blazin said:
MTTR was my "fault" but also I specifically said it was a high risk play that I was willing to take a gamble on because of my use of the product and it went up over 100%. I try to avoid pushing a stock because I worry about somebody taking my "Hey guys I'm investing 0.5% of my portfolio into a high risk play" into "Hey guys I just went all in on on this." DOCU at the onset of the pandemic and MTTR tech craze I think are the only two times I've talked about a higher risk trade. DOCU went up a couple hundred percent and MTTR doubled but the timing of winning trade on MTTR would have been rather difficult as it's spike was short lived. I still think both companies have a technology that will be increasingly used into the future but whether there is sufficient moat to stop big tech from just displacing them remains a question. Sometimes big tech takes the lazy way out and just goes the merger route. The FTC head bitch has had a dramatic effect on how some of these tech plays have worked out.

I still think there could be MTTR synergies with apple headset in the coming years as the tech goes from being a gimmick to something that helps fuel corporate productivity.

Sometimes I wish we did have some sort of real world tracking and scoring not for e peen measuring but so that people can better weigh what they listen to and what they don't. I know there are websites that help this but it all can get a little cumbersome.

For the betterment of members I think focusing on the markets and index overall is healthier and better for people's long term success. People know that is a slow grind though and the allure of getting rich faster is always going to be there.

Just to be clear, I wasn't dogging you on MTTR. I mentioned it because I think it's the one stock everyone near universally jumped on board. It was always be enshrined in my memory as the FOH stock.

Sanrith Descartes · Jul 13, 2023

Blazin said:
I wished I had screenshots from twenty years ago to show my worst blow ups, just wanted to say I have lost $30k+ before. Three times in my investing career I had my ass handed to me, try to just push through it and just make sure you are learning from the "education"

Can look up the old charts of my blow ups:

1st blow up 3dfx (2000?)
2nd Blow up Gatehouse Media (2007 I think?)
3rd blow up Energy 21 (EXXI) (~2008)

These were not small losses, each was a significant portion of my investment portfolio. I look back on it now and wonder wtf I was doing.

I'll always have XOM. And TD. And PYPL. And...

Jysin · Jul 13, 2023

Blazin

Sanrith Descartes

The forum MTTR drama was simply being late to the party is all.

Blazin · Jul 13, 2023

I'm going to buying XLF, XLE, and XLV not a ton of money but I'm not wanting to add anymore to S&P or QQQ positions. Also thinking about a few hundreds shares of TLT

Jysin · Jul 13, 2023

Weak dollar, dropping yields. Smart move.

Started TLT a tad early at 100.80. Looking for the longer term move.

Blazin · Jul 13, 2023

Jysin said:
Weak dollar, dropping yields. Smart move.

Started TLT a tad early at 100.80. Looking for the longer term move.

waiting to see if it can clear ~105 would be the safer bet but I'm feeling daring.

Furry · Jul 13, 2023

Sanrith Descartes said:
We finally know the secret all the 1%ers use to become 1%ers. They let the cat out of the bag. You just gotta come up with $100k.

Billionaire Charlie Munger's Advice: 'It's A B***h, But You Gotta Do It. Find A Way To Get Your Hands On $100,000' – Why Earning Your First $100,000 Is Key If You Want To Be Rich

The significance of amassing your first $100,000 cannot be underestimated when it comes to building long-term wealth. As Charlie Munger, esteemed investor and vice chairman of Berkshire Hathaway Inc., aptly stated during a shareholder meeting in the late 1990s, "The first $100,000 is a b***h...

finance.yahoo.com

Sheeet when my billionaire timer pop.

Things might be closer than they appear.

Moglyzoke Moogleman · Jul 13, 2023

Moglyzoke Moogleman · Jul 13, 2023

Sanrith Descartes · Jul 13, 2023

Moglyzoke Moogleman said:
Just as one example, this morning I liked SXTP because it's a newly IPO'd ticker. I'm not sure what it is...

If you dont understand the business, why would you buy it? You cant analyze and value something you dont understand.

edit: Let me put it this way, stop swinging for the fences. Yes sometimes you get a hanging fastball and crush it, but you also strike out a lot and don't advance the runners. Make contact, be consistent and get runners across the plate. In this baseball analogy, the runners are profit. Buy into established winners on downturns and just ride the (hopefully) steady 10-15%+ a year in alpha.

Example of what I mean. HD isn't flashy or exciting. It just makes money. 5-year chart. Over 5 years it has averaged around 20% a year. 5-years ago it was $200 a share. Today its at $318. Slow (well, not that slow) constant grind upwards with not a lot of risk.

Moglyzoke Moogleman · Jul 13, 2023

Investing General Discussion

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