Tmac
Adventurer
- 9,970
- 16,988
Investing General Discussion
- Thread starter Furious
- Start date
-
Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Tmac
Adventurer
- 9,970
- 16,988
Given the "democratization" of the stonks market, do you think hedge funds have gotten into crypto simply to take people's money?
I mean they can completely manipulate the market, given enough collusion and volume. Just look at GME. What would GME have actually done if pieces of shit brokers like Robinhood hadn't halted traded or limited investments? Ofcourse it would've gone higher.
Are they just looking at crypto with the same collusion hands?
I mean they can completely manipulate the market, given enough collusion and volume. Just look at GME. What would GME have actually done if pieces of shit brokers like Robinhood hadn't halted traded or limited investments? Ofcourse it would've gone higher.
Are they just looking at crypto with the same collusion hands?
Ravishing
Uninspiring Title
- 8,456
- 3,577
I think the biggest problem is people getting in with no exit plan. They see a bunch of people jumping in, but nobody really says when to get out.
I haven't made the most optimal moves but I'm ahead because I kept taking profits.
My first foray into the markets was 2008 where I ended up losing my ass in the crash. Dipped into Margin and everything. Stayed away from the market for 10 years. Got back in last year during the crash. I'm not up a ton, still licking my wounds from 2008, but I'm up a nice amount.
However, with everything at ATH, I sold out everything a couple weeks ago, only jumped back into the meme stocks because it was money sitting around & FOMO.
Everyone wants to feel they know better & not see red. Stubbornness gets in the way.
But now when I buy I typically have some mental triggers on when to sell.
Volume dipping, general sentiment, intuition, and dollar targets.
Thing with meme stocks is you know they are overvalued and you know it's going to crash, so you need to be a lot more aggressive with your exit plan. The tide turns so rapidly, you can't just sit on them.
I haven't made the most optimal moves but I'm ahead because I kept taking profits.
My first foray into the markets was 2008 where I ended up losing my ass in the crash. Dipped into Margin and everything. Stayed away from the market for 10 years. Got back in last year during the crash. I'm not up a ton, still licking my wounds from 2008, but I'm up a nice amount.
However, with everything at ATH, I sold out everything a couple weeks ago, only jumped back into the meme stocks because it was money sitting around & FOMO.
Everyone wants to feel they know better & not see red. Stubbornness gets in the way.
But now when I buy I typically have some mental triggers on when to sell.
Volume dipping, general sentiment, intuition, and dollar targets.
Thing with meme stocks is you know they are overvalued and you know it's going to crash, so you need to be a lot more aggressive with your exit plan. The tide turns so rapidly, you can't just sit on them.
- 2
- 2,906
- 7,478
Falstaff
Ahn'Qiraj Raider
- 8,399
- 3,332
if there is advantage to be had anywhere in any market, someone on wall street is exploiting it.
- 3
Sanrith Descartes
You have insufficient privileges to reply here.
- 44,519
- 120,718
There are volumes of posts in this thread discussing this very thing. Don't buy unless you already have an exit planned or unless it's a long term buy/hold.
- 2,821
- 3,132
Fogel
Mr. Poopybutthole
- 13,136
- 51,995
I'd still recommend that too, but put the bulk of your investment in index funds while you practice with small amounts
Kiki
Log Wizard
- 2,320
- 1,926
Fogel
Mr. Poopybutthole
- 13,136
- 51,995
He needs to be more specific, there's so many dips to buy!
- 1
- 2,906
- 7,478
If any of you have never looked at Stocktwits before, take the time to just browse the comments right now.
AMC Entertainment Holdings (AMC) Stock Price Today, Quote, Latest Discussions, Interactive Chart and News
Track AMC Entertainment Holdings (AMC) Stock Price, Quote, latest community messages, chart, news and other stock related information. Share your ideas and get valuable insights from the community of like minded traders and investors
stocktwits.com
GameStop Corp (GME) Stock Price Today, Quote, Latest Discussions, Interactive Chart and News
Track GameStop Corp (GME) Stock Price, Quote, latest community messages, chart, news and other stock related information. Share your ideas and get valuable insights from the community of like minded traders and investors
stocktwits.com
It's a study in manipulation of the investing-uneducated masses and groupthink. Massive bagholders parroting the same infographics over and over, talking about the huge price drop is from "the shorts," and how if you buy thousands more now, it's gonna burst back any second. I take it to be generally tens of thousands of young investors who just don't know when to quit. I've seen numerous people say things like "I make $13 an hour and I spent my $2000 savings on this and it's all gone, please buy more."
The stereotypical Gen-Z selfishness is on full display - - "fuck you if you sold this, buy more, let's get it up again," as if people aren't in the market to make money when it appears. Very little personal insight on display, no self blame. Everyone else is the problem.
Then there's the hilarious misguided machismo of it - "you're a bitch if you sold this." No, you're pretty much a bitch if you held it like a retard.
- 1
Kirun
Buzzfeed Editor
- 19,236
- 15,625
How close to the moon is this getting? I need to know if I should invest my house, or just the money I set aside for my Bazooka Joe habit each week.
Sanrith Descartes
You have insufficient privileges to reply here.
- 44,519
- 120,718
Sanrith Descartes
You have insufficient privileges to reply here.
- 44,519
- 120,718
- 1
- 1
- 1
Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
- 80,140
- 160,331
in terms of moon travel, we are still in LOE but ready to go apollo 13 any day now
