Investing General Discussion

Daidraco

Daidraco

Golden Baronet of the Realm
9,999
10,299
So... everything is in the red. Im cashed out like I was advised - but this is the first time I'll be paying attention to the market during a presidential election. How long does this generally last before its back to "business as normal"?
 
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Blazin

Blazin

Creative Title
<Nazi Janitors>
6,910
36,002
This is one of those weeks I could easily make $15k or lose $15k and pretty much nothing in between other than to just sit it out.
 
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Burnem Wizfyre

Burnem Wizfyre

Log Wizard
12,284
21,215
I’ll be changing my avatar to something else soon Blazin Blazin I’ve more than honored the bet, still can’t believe they lowered those rates, did nothing though from what I can tell, interest rates actually went up on home loans last I saw.
 
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Jysin

Jysin

Ahn'Qiraj Raider
6,449
4,340
Burnem Wizfyre said:
I’ll be changing my avatar to something else soon Blazin Blazin I’ve more than honored the bet, still can’t believe they lowered those rates, did nothing though from what I can tell, interest rates actually went up on home loans last I saw.
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Both home loan and long duration bond markets have moved up nearly 50bp since the Fed “cut” by 50bp. I’d wait for the election and Fed decision to shake out before making any predictions.
 
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Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
44,212
119,056
Sanrith Descartes said:
Closed out my PLTR calls for a small loss. The plan was to close out before earnings on a pullback but it never really materialized. <shrug> shit happens. I'm not looking to gamble holding through earnings tonight.
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Stick to your gameplan. Even if it didn't go the way you had hoped. Do not be afraid to admit your trade didn't work the way you thought it would. I lost about 20 cents a share on my covered calls yesterday when I closed them out ahead of earnings because the plan was to be out ahead of earnings.

Earnings:



ps.. Congratz to whomever it was holding a truckload of shares. Search is still broke so I cant see who it was.
 
Khane

Khane

Got something right about marriage
20,322
13,985
1730825240864.png

1730825263744.png
 
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Khane

Khane

Got something right about marriage
20,322
13,985
The plan with PLTR was to be a long term hold and let the AI situation mature and play out, but what is happening to the stock is fucking with my head.
 
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Khane

Khane

Got something right about marriage
20,322
13,985
I guess if Im going to post it I should show the full picture:

1730826748771.png

1730826773019.png


The top is a self managed brokerage account. The bottom is a self managed IRA brokerage account
 
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fris

fris

Vyemm Raider
2,153
2,459
I'm little league as well. but i'm loving seeing my $9.53 cost basis and a +432.81% growth in my Roth, thank you PLTR
 
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Blazin

Blazin

Creative Title
<Nazi Janitors>
6,910
36,002
Khane said:
I guess if Im going to post it I should show the full picture:

View attachment 556933
View attachment 556934

The top is a self managed brokerage account. The bottom is a self managed IRA brokerage account
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Looking back do you feel the unrealized loss on the initial entry played a roll in getting you to go big? ie, when you pay $26 and it then drops 50% you see more value at the larger additional purchases. Said another way would you have made the additional investments if it never retraced back down? Obviously, it's impossible to say for sure, but would be curious at your hindsight thoughts on it.

PS. I'd sell :) it's the most over priced stock in the entire market but that's been true for awhile and it just keeps on trucking. Wonderful display of patience holding through the tech wreck.
 
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Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
44,212
119,056
Blazin said:
Looking back do you feel the unrealized loss on the initial entry played a roll in getting you to go big? ie, when you pay $26 and it then drops 50% you see more value at the larger additional purchases. Said another way would you have made the additional investments if it never retraced back down? Obviously, it's impossible to say for sure, but would be curious at your hindsight thoughts on it.

PS. I'd sell :) it's the most over priced stock in the entire market but that's been true for awhile and it just keeps on trucking. Wonderful display of patience holding through the tech wreck.
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I wanna add on this. I remember during the 2022 carnage the stock going down around $7 or so and thinking about doubling or tripling my stake and then telling myself no because it was a wild gamble and I wouldn't expand the bet I had made. I think the SPAC bloodbath was in full swing and that definitely influenced my decision to hold fast. <sigh>
 
Khane

Khane

Got something right about marriage
20,322
13,985
Blazin said:
Looking back do you feel the unrealized loss on the initial entry played a roll in getting you to go big? ie, when you pay $26 and it then drops 50% you see more value at the larger additional purchases. Said another way would you have made the additional investments if it never retraced back down? Obviously, it's impossible to say for sure, but would be curious at your hindsight thoughts on it.

PS. I'd sell :) it's the most over priced stock in the entire market but that's been true for awhile and it just keeps on trucking. Wonderful display of patience holding through the tech wreck.
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Im not entirely sure. It was a timing event as well. I had a big injection of cash and almost all of my portfolio was already in VFIAX. So it was a bit of cost averaging mindset and a bit of YOLO to be honest. It was an amount I was comfortable losing while waiting to see how the AI euphoria shook out. I just was not expecting it to shake out as fast as it has across the entire market (e.g. nVidia)
 
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Khane

Khane

Got something right about marriage
20,322
13,985
It's also the only large position I hold outside of VFIAX. I'm not a trader and I dabbled a bit in the idiocy that was SPACs and AMC/GME but for the most part I'm a set and forget S&P500 kinda guy.
 
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Rangoth

Rangoth

Blackwing Lair Raider
1,716
1,859
Yea, I am impressed with the double down and your diamond hands! I would have sold when it was up 50% or whatever.

So what's the game plan here? That's a solid chunk of money. Letting it moon or you ever turning it into realized gains?
 
Khane

Khane

Got something right about marriage
20,322
13,985
Rangoth said:
Yea, I am impressed with the double down and your diamond hands! I would have sold when it was up 50% or whatever.

So what's the game plan here? That's a solid chunk of money. Letting it moon or you ever turning it into realized gains?
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I set a stop loss at $48 for half the position and will let the rest ride.

I guess I should also mention this was "house money". It was an inheritance and a decades old mutual fund in my name that my relatives forgot to tell me about/fully transfer over to me. Instead of upgrading my lifestyle I re-invested it and because it was an unexpected windfall I decided to do something a little more risky.
 
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