Sanrith Descartes
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HD punched out a new 52-high before pulling back a bit today. That has been one of my better grabs since 2021 started.
Investing General Discussion
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Ravishing
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This is my current watchlist, I only try to own 5 or less stocks at a time.
A lot of meme stocks & things mentioned here.
We should get some green days ahead and I'm not extremely worried right now. March has been rocky though. Economy opening up should give us some recovery.
I guess a lot depends if an infrastructure bill is pushed through & also how much of a recovery is already baked into the prices. Maybe we see a larger downturn if businesses are actually unable to fully recover or continue closing up.
A lot of meme stocks & things mentioned here.
We should get some green days ahead and I'm not extremely worried right now. March has been rocky though. Economy opening up should give us some recovery.
I guess a lot depends if an infrastructure bill is pushed through & also how much of a recovery is already baked into the prices. Maybe we see a larger downturn if businesses are actually unable to fully recover or continue closing up.
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Sanrith Descartes
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Look at the names that are doing well today... WMT, PG, KMB, AMZN all up over 1%. They have a theme.
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Sanrith Descartes
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Cant understand how this could impact the market negatively. Janet really needs to STFU. Note the time.
Rajaah
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Gold Trump dollar. Well, gold-plated, not solid. I'll need to store this under the floorboards during the Great Purge of 2023, but until then it's fun to look at.
Looks like I do indeed have a Walking Liberty silver dollar and half dollar already. The silver dollar has some edge discoloration, especially on the sides. Which is unfortunate, and I kinda want to get a new one instead. Glad I have an Eisenhower dollar.
No Morgan or Peace dollars. The hunt begins!
Also have 1 Yuan there, which will be useful for fleeing the Great Purge of 2023 when it's worth 400 USD.
Cool thing about going on trips to Europe is that you can collect coins from all over the world very fast. Especially in Switzerland where they use a lot of different currencies. I was getting coins from Jamaica and Malaysia as change. They also still use Francs (which, funnily enough, France doesn't).
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Jysin
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There's been little volume in the AH price chop so far. From what I understand, Gamestop has already given preliminary Q4 sales numbers. The anticipation is going to be in the earnings call and focused on forward guidance.
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Nice!
I’ve got some of those. Used to have a lot of Eisenhowers and Kennedys. They’re all back in my parent’s house in Florida in a little safe. Gotta make a point of seeing what I’ve got whenever I fly back there. That’s interesting about Switzerland. I have a handful of francs somewhere.
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Sanrith Descartes
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Rajaah
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I hope we get a class action lawsuit in the Lordstown situation. It's easily my biggest financial loss since I started stonking (sold at 60% of what I bought in at, and I sold a day after the fraud news broke). I invested entirely on the basis of the information they were putting out there that turned out to not be true. Don't expect to see a cent, but it'd be nice.
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Sanrith Descartes
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Kiroy
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Rajaah
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Naw. It's got normal tablet proportions, not the proportions of my dong.
On one hand I kinda wish I'd held onto GME longer because I could have recouped most of my losses there at this point. On the other hand...once it was clearly doomed, I just didn't want the stress of having it around. Lesson was learned. I'm a lot more salty about Lordstown, where I learned no lessons and just feel screwed.
Similar situation to GME now with ZNTE, except I don't have to worry as much about ZNTE crashing all the way like GME did, and can afford to just sit on it and hope something eventually happens, rather than selling and locking in a loss.
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Sanrith Descartes
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There is an art to investing in meme/yolo/wsb stocks. That art is pretty simple. Be one of the first 100 in the door and one of the first 10 out of the door. These momentum plays are strictly hit and run jobs. I am not saying you cant hang around and make money but... The odds are stacked against it. Its why I preach always have an investing plan before you ever make a trade. That plan has to have an exit strategy. I was a proud owner of AMC for about 37 minutes. Bought it in the pre-market at $7 (after it had already been running up in the 4am hours) and was out at somewhere around $15 before 9:45am. Could I have made more by hanging around longer? Yes. My plan was to bail as soon as I doubled my money and I did. Haven't looked back since.
To be successful you have got to limit losses and opportunities to create losses. Its impossible to avoid them, but you have to limit them. One way to do this is not be a hog. Don't always swing for the homerun Roaring Kitty style. Use the tools available to limit losses and protect gains like trailing orders. This also applies to SPACs. Have a realistic return in your mind and GTFO when you hit it, or at least set stops to protect your gains once you hit those targets. 20, 30, 50% gain on a SPAC should be realistic exit targets. The average annula return of the S&P 500 is about 10% for a year. Making 30% in a month's time on a SPAC flip is amazing. Which is why buying near NAV is critical. Have a plan. Stick to the plan. Don't be a hog. Enjoy tendies.
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Yeeeeep. I made $40k off AMC by pure luck of being in the right place at the right time that one evening. I bought in at $5.75 minutes before it ran up several dollars AH and then up to $15 the next couple of days.
It was just luck and no skill. I just saw a little bit of talk about AMC way before the major hype started.
Cracks me up when I see a trending stock that’s up 100+ percent and people are like “I just bought in, let’s go!”