Investing General Discussion

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Creslin

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in like 2002 my parents broker asked me to pick a stock to buy and I picked amd. First stock I ever personally picked. Still holding Cost basis of $8 is killer though.

if I bought nvda instead I would be retired now but atleast I didn’t pick voodoo3d
 
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Araysar

Loser Araysar

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morning Gap Ups so far are all bitcoin companies, probably because BTC started surging this early morning. Dont want get into bitcoin stuff, so going to watch and wait for another 2 hours

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Araysar

Loser Araysar

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SNAP now in play, their stock target price got upgraded from $10 to $19 by Deustche Bank

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Arden

Arden

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Araysar said:
morning Gap Ups so far are all bitcoin companies, probably because BTC started surging this early morning. Dont want get into bitcoin stuff, so going to watch and wait for another 2 hours

View attachment 511227

View attachment 511228
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Woohoo. That's a list of pretty much everywhere I put my gbtc profits after I sold. Nice to wake up to that. Of course it's crypto, so it could be down double that by lunch (or up twice again).
 
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Araysar

Loser Araysar

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Arden said:
Woohoo. That's a list of pretty much everywhere I put my gbtc profits after I sold. Nice to wake up to that. Of course it's crypto, so it could be down double that by lunch (or up twice again).
Click to expand...


Bitcoin stocks have a very interesting pattern that I noticed over past few weeks.

More often than not, they experience a giant sell off when market opens, drop significantly, then slowly grind their way up throughout the day with usual dips, and keep grinding upwards into after-market and premarket the next day, only to take a giant shit within 10 minutes of market opening. If you buy after the morning bowel evacuation and sit on it till next day, you can usually make a couple percent in gains but you have to sit on it for 24 hours.

I've played this pattern a few times and was successful more often than not. However, the pattern closely follows BTC price so if BTC starts tanking hard at any time then the stock will follow, you might end up upside down. BTC price tanking is an early warning indicator that the stocks (MARA, RIOT, etc.) will start tanking too. They are usually like 5 minutes apart of each other.

Thats the risk. You gotta hold it for 24 hours and hope that BTC price isnt going to drop by 10% overnight.
 
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Arden

Arden

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Araysar said:
Bitcoin stocks have a very interesting pattern that I noticed over past few weeks.

More often than not, they experience a giant sell off when market opens, drop significantly, then slowly grind their way up throughout the day with usual dips, and keep grinding upwards into after-market and premarket the next day, only to take a giant shit within 10 minutes of market opening. If you buy after the morning bowel evacuation and sit on it till next day, you can usually make a couple percent in gains but you have to sit on it for 24 hours.

I've played this pattern a few times and was successful more often than not. However, the pattern closely follows BTC price so if BTC starts tanking hard at any time then the stock will follow, you might end up upside down. BTC price tanking is an early warning indicator that the stocks (MARA, RIOT, etc.) will start tanking too. They are usually like 5 minutes apart of each other.

Thats the risk. You gotta hold it for 24 hours and hope that BTC price isnt going to drop by 10% overnight.
Click to expand...

Yeah I consider myself more of an investor rather than a trader, but I've definitely noticed a lag between crypto prices and crypto-adjacent stocks. Some of the outcomes seem extremely consistent. Can't help but think there are traders making money off the lag time.
 
Araysar

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Arden said:
Yeah I consider myself more of an investor rather than a trader, but I've definitely noticed a lag between crypto prices and crypto-adjacent stocks. Some of the outcomes seem extremely consistent. Can't help but think there are traders making money off the lag time.
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Oh yeah, thats the part I forgot to make clear. If BTC starts tanking at midnight, you're stuck holding the stock until premarket trading and then you're racing to sell it off (if you get scurred)

So not only do you have to babysit it round the clock, but if you do get fucked on BTC price turning, you cant unload it when you want to

Nowadays, the only way I play MARA/RIOT is to get up early, buy it early (3-4 hours before market opens) and then dump it at market open
 
Araysar

Loser Araysar

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Played SNAP early and impulsively, regretted it already an hour before market opened, decided to ride it out anyways. Turned south at market open, I dumped it ASAP.

Oh well, at least it was a cheap lesson.

1706279937041.png
 
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Gravel

Gravel

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So basically analysts have no fucking clue.

Read something the other day saying the housing shortage is completely overblown and if you look at trends for all of the housing metrics it doesn't even look abnormal.
 
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Araysar

Loser Araysar

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The house on my block was on sale for 8 months, finally sold last week

Demand's back, baby!

Good news is that he paid more than 2x per sq. ft than what I paid 3 years ago so my property should get a nice Zestimate boost
 
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Foler

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Bought a share of QQQM today. Need a fed rate cut to launch the QQQs to the moon.
 
Big Phoenix

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Gravel said:
So basically analysts have no fucking clue.

Read something the other day saying the housing shortage is completely overblown and if you look at trends for all of the housing metrics it doesn't even look abnormal.
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But then you look at these prices with these interest rates.
 
Foler

The_Black_Log Foler

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Another beautiful week to make money fellas.

RIP evergrande


TLDR: tech earnings coming up. Tech is overinflated with middle management empire builders.

www.teamblind.com

Layoffs root cause - Empire Building | Tech Industry - Blind

Every major layoff currently is because of the reason as - "hired too many people" and "not seeing the same impact" as the number of people they have. Both of these are related to empire building by Middle Managers. It is a universal metric in all b...
www.teamblind.com www.teamblind.com

www.cnbc.com

Stock futures are little changed ahead of big tech earnings and Fed meeting decision: Live updates

Stock futures were lower Sunday night ahead of a busy earnings week and Fed policy decision.
www.cnbc.com www.cnbc.com
 
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