TJT
Mr. Poopybutthole
- 42,719
- 109,015
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!
Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
- 80,140
- 160,331
Gravel
Mr. Poopybutthole
- 39,405
- 129,625
I just got greedy. My original "exit" was getting a 100% return. Then Thursday happened and I was like, well maybe AMC hits $20 again. It didn't, so I had a limit sell for just above my break even point.
I should've seen the writing on the wall yesterday and got out with a 5-10% loss.
Then overnight it just cratered further.
In the end I lost about 0.1% of my net worth. Not ideal, but it's a rounding error. I kept telling my wife how ridiculous it was to stress about it when it's such a small amount of money. But I'm also a miser and fret over spending $10 on new socks when the ones I'm wearing are threadbare. So losing $500 hurts.
- 4
- 2
SeanDoe1z1
Avatar of War Slayer
- 7,283
- 18,789
I have to tell my friend to stay the fuck away from GME. God damn, smart people can be dumb as fuck.
I mean the dude literally opened up a RH account and I had to explain FOMO to him and I am a retarded monkey. Let alone trying to buy into the weekend.
I am still long on BTC plays for 21 as a greedy swing gambler.
the more i think about it, the less money means to someone like him so meh. everyone got their motivations.
I mean the dude literally opened up a RH account and I had to explain FOMO to him and I am a retarded monkey. Let alone trying to buy into the weekend.
I am still long on BTC plays for 21 as a greedy swing gambler.
the more i think about it, the less money means to someone like him so meh. everyone got their motivations.
- 2,906
- 7,478
SeanDoe1z1
Avatar of War Slayer
- 7,283
- 18,789
AMC didn't make money before the pandemic, it isn't going to make it after.
but hey, that never stopped companies from being valued sky high so whatever.
<chimes in the guy hyping an increasingly risky digital asset with our #1 threat to our entire way of life(china) probably having more than enough means to completely fuck it over>
but hey, that never stopped companies from being valued sky high so whatever.
<chimes in the guy hyping an increasingly risky digital asset with our #1 threat to our entire way of life(china) probably having more than enough means to completely fuck it over>
Bobbybick
Trakanon Raider
- 481
- 701
Drive to the theater at a specific time to catch a movie, pay 500% markup for some mediocre candy, sit in uncomfortable seats for an hour+, if opening week deal with inconsiderate shitheads and annoying kids.
Or spend half / quarter of the money to stream it whenever you want from the comfort of your home.
I don't want the people hoping to go back to work at AMC to be out of a job, but I also don't want to lose the option to stream new releases.
Or spend half / quarter of the money to stream it whenever you want from the comfort of your home.
I don't want the people hoping to go back to work at AMC to be out of a job, but I also don't want to lose the option to stream new releases.
Fogel
Mr. Poopybutthole
- 13,136
- 51,996
Sanrith Descartes
You have insufficient privileges to reply here.
- 44,520
- 120,719
This is why the old saying is "a sociopath is the best trader". No emotions. Pick an exit, hit it and then never look back. That being said, once I hit my exits I will drop a trailing stop and then just let it run. The meme stocks were especially tough because of the social media frenzy. I never think about the 5$ I "didn't make" selling at around $16 on AMC. I only consider the 102% profit I turned in less than an hour.
- 6
Tmac
Adventurer
- 9,970
- 16,988
Per this and
Gravel
(and everyone else here for that matter) theres a book called “Sway: The Irresistible Pull of Irrational Behavior”.It’s basically a bunch of case studies of smart and successful people doing arguably dumb things bc their emotions take over. One story is about a guy that sold his company with the goal of buying a house to retire in Martha’s Vineyard. Instead of just doing that he held onto his stock bc he wanted it to grow a tiny increment more. His financial advisor told him to get out. The stock fell 10%. His financial advisor told him to get out. Then he just wanted to get that 10% back. The stock fell another 40%. His advisor said gtfo. Now he felt he was stuck and stayed in. He eventually lost it all.
It’s just a part of being human. We all experience it. It doesn’t make us stupid. It makes us undisciplined emotional beings, who operate more on fear than wisdom.
- 1
SeanDoe1z1
Avatar of War Slayer
- 7,283
- 18,789
SPAC madness. Q1 was/is suppose to be the announce. I'm increasingly not liking Ackman's online presence which is enough for a retarded monkey like me.
- 8,204
- 29,049
Yes, it's camouflage. Think Mossy Oak, but instead Mossy LBTQBBQ etc... Modern Corporations, skin their prey and then wear their prey as camo, hence why we are now inundated with woke. It's more than virtue signaling, it's a way to avert hate towards their brand amongst the Woke NPC farm.
Also:
- 2
Big Phoenix
Pronouns: zie/zhem/zer
- 46,381
- 98,528
Its just a bear trap guys;
Yup. If I had sold at 1.20 I could have made another $1200. But 36% return in 3 days is good enough.
- 2
- 1
