Investing General Discussion
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Fogel
Mr. Poopybutthole
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Out of my indexes, ETFS, spacs, and stocks, my biggest (and only) losers today are MSFT and NVDA. SMH
Sanrith Descartes
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Big tech was mostly red and the QQQ was down .5% so it makes sense. Today looked like a value rotation day which could be driven by fund rebalancing selling some profit in growth and putting it into lagging value.
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I put $2000 in GHIV a few days back, up $300 total return.
APXT did well today too.
I dunno why I sold THCB at $12 for mild profit.
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Sanrith Descartes
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Sanrith Descartes
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BABA
Good thing I only bought a small position. I might add a bit once the dust settles and I see a floor develop
For anyone looking to play BABA today. Looks like last technical support at 220.
Good thing I only bought a small position. I might add a bit once the dust settles and I see a floor develop
For anyone looking to play BABA today. Looks like last technical support at 220.
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Fogel
Mr. Poopybutthole
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As much as I love money, I really don't want to touch anything China related
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Sanrith Descartes
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I 99% agree with you. I think BABA is their crown jewel and they wont kill it. This is about CCP and Jack Ma. Or its about providing Beijing Biden cover that they shouldn't be sanctioned because they are taking this stuff "seriously".
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BTWN briefly touched 20 and is almost back down to 16
Since buying GHIV December 21st at $10.90:
Gonna be interesting to see how much it runs up during January. If it goes up to 14-15 I think I’ll sell.
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Sanrith Descartes
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My advice is to have a target to bail out and sweep profits off the table. Do this for every trade. "see how far it runs up in January" shouldn't be a viable strategy. Decide on a point and unless you see concrete reasons to change, stick with it. It could 20% profit. 50% profit etc. Remove as much emotion out of it as you are able.
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Thanks for the help. Well, that’s what I’m kinda doing, I think...this is all fun money anyway so I’m not very emotional about it, nothing I need to live on. If it gets up to 15 this month (or next week!) I’ll sell it.
Sanrith Descartes
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TRIT +26%
New 52 high
edit: and bought to close my $12.50 Jan puts at the bottom at 75 cents, so a 35 cent profit. Not great but with the volatility of this stock I prefer the 32% gain and closing out the position for now.
New 52 high
edit: and bought to close my $12.50 Jan puts at the bottom at 75 cents, so a 35 cent profit. Not great but with the volatility of this stock I prefer the 32% gain and closing out the position for now.
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Sanrith Descartes
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I am not trying to sound like a dick. Its just my nature to look at this very analytically. I never think of this as "fun money". Treat every treat like its what you are going eat on tomorrow. If you like the $15 exit point then as soon as it gets to $15 set a trailing stop and then if it runs higher you keep making money, and if it drops afterwards your gain is protected at that target.
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Oh no I didn’t take it as you sounding like a dick at all! Appreciate the tips from more experienced people.
So if you like to sell something at $15, you set that up automatically to sell at that price I take it?
Unrelated: Just bought 200 shares of GIK at $14.19, it dipped down a dollar briefly.
Fogel
Mr. Poopybutthole
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Setting up automatically to sell at 15 is just a regular limit order. If it goes over 15 dollars and you set it as a "stop limit" for 15, if it continues to go up, you don't sell and can get more profit, but if it goes back down to 15, it will sell automatically for 15
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Ohhh I get it now. The trailing stop. Yeah I gotta start using that! I’ve just been manually doing everything. That’s a no brainer I reckon.
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Sanrith Descartes
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The first advice I will give you is to spend many hours going back through this thread. There is a ton of quality advice that has been posted. Thsi goes hand in hand with the 2nd advice, which is to read and watch videos to educate yourself on finance and the market. There isn't one right way to invest. But the more you know the better your odds of being of the right side of a trade. 3rd advice is to instantly focus on the different types of orders your brokerage house uses. Learn what a limit order is and how to use it (in conjunction with learning what the bid/ask spread is), and also the various stop/loss orders and how to use them. Order usage is really critical.
Sanrith Descartes
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BABA getting close to the 250-day support level of $220.72. I have a buy at $221. If it doesnt bounce here then it has a long way to fall. For anyone brave I think $221 is a good entry price for a long term hold.