Investing General Discussion

Araysar · May 31, 2024

Lejina said:
Because I may then take it seriously and actually do what I meant to do instead of the opposite because I'm fat fingering my trading app while riding a bicycle.

Fogel · May 31, 2024

And Costanza Investing was born

Haus · May 31, 2024

Jysin said:
View attachment 530837

I find it adorable that the US thinks it will have a long term or really any significant way to stop countries like China from acquiring chips to do AI with... Especially since all China has to do it reassert ownership of a certain island "nation" next to it. heh

Tmac said:
Watching this thread for entries into blue chips, that I inevitably miss the entry point on, and buy 10 pts later.

This happens bc I deposit money to invest monthly so I’m always looking for entries. Instead of waiting and timing entries I immediately invest.

Picking indexes for the larger % of my entries seems like a much more manageable strategy.

Maybe I start allocating 40% SPY, 40% QQQ, and then just use 20% for blue chips.

I have said and still believe that if you want to make money in the market and aren't going to commit to being a neurotic day trader that for most people finding and investing in a few good ETFs is the best method. Also buy and hold.

Abigailicious · Jun 1, 2024

Haus said:
I find it adorable that the US thinks it will have a long term or really any significant way to stop countries like China from acquiring chips to do AI with... Especially since all China has to do it reassert ownership of a certain island "nation" next to it. heh

I have said and still believe that if you want to make money in the market and aren't going to commit to being a neurotic day trader that for most people finding and investing in a few good ETFs is the best method. Also buy and hold.

This is literally the only way I can see to fight hyper inflation other than owning gold and silver which can be confiscated like FDR did or get you robbed.

Foler · Jun 1, 2024

Blazin said:
View attachment 530840
This is my dollarcost avg passive portfolio. I do not touch this thing but maybe once every few years if I'm positive I have a good read on a decline. Touched in 2018 and 2020 and I think that's about it in the last 8 years or so.

Khane where you buying regularly on the one you posted? the spy return seems to say no, you can see the same period above and this portfolio is almost entirely S&P maybe 40 grand russell 2000, I'll have to check that.

View attachment 530841

Russell 2000? Is that IWO you’re in? Can you give a brief insight as to why you would choose that over/in addition to QQQ?

Foler · Jun 1, 2024

Gravel said:
Nice. Just remember, only ever buy winners. That's how people get screwed is when they start buying loser companies. Like, why would you even buy loser companies at all?

Yeah.. Somehow I made this fatal mistake and am now sitting down 23% in SNOW at the moment.. 🫠

Borzak · Jun 3, 2024

GME again lol in the premarket.

Ossoi · Jun 3, 2024

Borzak said:
GME again lol in the premarket.

So based on the last time DFK fanboys will pile in every time he tweets, then others join in pushing it further and further along with new tweets until he stops and the momentum dies out.

So day 1 is best time to buy

Sanrith Descartes · Jun 3, 2024

Borzak said:
GME again lol in the premarket.

Whats driving it is below. Roaring Kitty posted his position to Reddit for the first time in 3 years. He apparently has been building up a months position in the $20 calls while the stock was in the 12-15 range. Shorts are looking to take about a $1b loss at the open. By Monster I mean 120,000 contracts valued at about $65m. He also owns 5m shares of the company in a long position. His calls could worth x3 or x4 today depending on how the stock opens based on pre-market movement.

edit: and its halted (most likely for volatility). $35m shares traded at the open. Expect a few of these today.

Edit 2: His calls about quadrupled at the open. His cost basis is $5.65 and they hit $21. Kitty may be a billionaire by the end of the day.

taebin · Jun 3, 2024

Can he liquidate in mass to realize the gains? Or will that start causing it to tank? Would you try and script them to be spread out (100-200 contracts at a time) and sell simultaneously? That is a lot of fucking contracts to try and close out.

Sanrith Descartes · Jun 3, 2024

taebin said:
Can he liquidate in mass to realize the gains? Or will that start causing it to tank? Would you try and script them to be spread out (100-200 contracts at a time) and sell simultaneously? That is a lot of fucking contracts to try and close out.

I know large blocks of shares can be traded off-exchange, but I dont think options can be. Kitty is crazy enough that he may want to hold them into expiry and get assigned all those shares.

Sanrith Descartes · Jun 3, 2024

Something fucky happened with Berkshire Hathaway A shares. They are trading at $185 instead of like $627,000. Stock is halted while they fix the "glitch". For the briefest of seconds, Warren Buffet is poor like us.

Flobee · Jun 3, 2024

The most entertaining possible outcome from the 'glitch' IMO. Seems more likely a hedge fund got liquidated or something. Regardless I'm making some popcorn, speculation is fun sometimes

Sanrith Descartes · Jun 3, 2024

Flobee said:
The most entertaining possible outcome from the 'glitch' IMO. Seems more likely a hedge fund got liquidated or something. Regardless I'm making some popcorn, speculation is fun sometimes

Maybe he cashed out and he is buying Argentina.

TJT · Jun 3, 2024

Sanrith Descartes said:
Whats driving it is below. Roaring Kitty posted his position to Reddit for the first time in 3 years. He apparently has been building up a months position in the $20 calls while the stock was in the 12-15 range. Shorts are looking to take about a $1b loss at the open. By Monster I mean 120,000 contracts valued at about $65m. He also owns 5m shares of the company in a long position. His calls could worth x3 or x4 today depending on how the stock opens based on pre-market movement.

edit: and its halted (most likely for volatility). $35m shares traded at the open. Expect a few of these today.

Edit 2: His calls about quadrupled at the open. His cost basis is $5.65 and they hit $21. Kitty may be a billionaire by the end of the day.

View attachment 531362

Self made billionaire by fucking around with a meme stock for a few years.

Try to grasp that.

Sanrith Descartes · Jun 3, 2024

TJT said:
Self made billionaire by fucking around with a meme stock for a few years.

Try to grasp that.

Started with a $53k investment that most likely anyone here could have made.

Borzak · Jun 3, 2024

Sanrith Descartes said:
Started with a $53k investment that most likely anyone here could have made.

I could have easily turned it into about $20k and maybe a meal.

Tmac · Jun 3, 2024

Sanrith Descartes said:
Started with a $53k investment that most likely anyone here could have made.

To "could have" you'd need to be willing and able to drop $53k into an over-shorted stock. So, idk if anyone here is both of those things, lol.

Mario Speedwagon · Jun 3, 2024

Once again, I miss out

TJT · Jun 3, 2024

I read something that said Roaring Kitty got access to hedge fund money to continue fucking around with stuff. Which would explain why he has additional capital? Or did he grow all of it himself after the first time?

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