- 47,555
- 102,461
Wonder how many suicides that stock will cause.
everything is so backwards right now - just look at hertz. it's crazy, everyone says so. anyway, yes, all my ira is in top stocks and most of the major gaps have been filled. but there's this new robinhood/reddit crowd sort of crowdfunding/bandwagoning small cap shit and the crazy thing is that it works if you get in and out.
step one: get invited to a quality discord
step two: put in for their "overnight" at 3:30 pm
step three: wake up and sell
rinse/repeat
there are more +200/300% days than -50/60% days...
The Robinhood day trader crowd is this generations penny stock crowd from my younger days. Only now they have tech and social media as tools. Yes there is money to be made. I make money on NKLA puts almost every day. Just be VERY aware that the risk level is through the roof. Its ok to be a pig, just don't be a hog. Go back and educate yourself (if you are unaware) of the "short the VIX" movement back in 2018. February I believe it was. It was the "I cant lose, easy money play" for like 6 straight months. And then in a nanosecond, it wasn't. Houses were lost when the margin calls hit on people who took out HELOCs and 2nd mortgages to short the VIX.everything is so backwards right now - just look at hertz. it's crazy, everyone says so. anyway, yes, all my ira is in top stocks and most of the major gaps have been filled. but there's this new robinhood/reddit crowd sort of crowdfunding/bandwagoning small cap shit and the crazy thing is that it works if you get in and out.
step one: get invited to a quality discord
step two: put in for their "overnight" at 3:30 pm
step three: wake up and sell
rinse/repeat
there are more +200/300% days than -50/60% days...
There will still be tons of volatility until we get a Coronachan vaccine and the economy fully opened so we can assess the true damage. Avoid the FOMO and just invest in solid balance sheets and good business models for the long term.I sold some stuff yesterday that I had been holding onto for years... some winners, some losers. Basically just sitting in my wife's IRA for a long time. My only two "winners" are FB and SIRI. Completely sold out of SIRI and held onto half of my FB (bought in at $30 after the IPO debacle, so I am up huge). I honestly think I am going to sit on this cash for a bit. Not necessarily to wait for the next March 2020 or 2008/09 crash, but just because things seem almost too euphoric. Plus all the things we've been talking about with people just buying shit for funsies, I'll wait for a bit of a drop before I get back into it.
The Robinhood day trader crowd is this generations penny stock crowd from my younger days. Only now they have tech and social media as tools. Yes there is money to be made. I make money on NKLA puts almost every day. Just be VERY aware that the risk level is through the roof. Its ok to be a pig, just don't be a hog. Go back and educate yourself (if you are unaware) of the "short the VIX" movement back in 2018. February I believe it was. It was the "I cant lose, easy money play" for like 6 straight months. And then in a nanosecond, it wasn't. Houses were lost when the margin calls hit on people who took out HELOCs and 2nd mortgages to short the VIX.
Greed is good. Until it isnt.
What did he say that not even no interest could hand wave?