Tmac
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Investing General Discussion
- Thread starter Furious
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Hateyou
Not Great, Not Terrible
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I fat fingered a sell once with one too many digits and fidelity wouldn’t let me because it was too far off from the actual price. I figured that everywhere had something like that built in to avoid scams.
I remember that shit in vanilla wow. People would find an item going for 40 silver and put theirs for 39 gold. People not paying attention would get boned sometimes.
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Shonuff
Mr. Poopybutthole
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I honestly think Queen Cathie got lucky last year. I tracked all of her trades for a while, and a lot of them sucked. She bought ZM all the way down from 470 to 270. She likes to average down. I used to check her picks for ideas, but I thought they pretty much all sucked.
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Shonuff
Mr. Poopybutthole
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$773 profit trading TSLA in 30 minutes. Thinking I'm done with it, unless the setup is perfect. Its so volatile that the correct stop loss on a day trade is 3%. I don't like to day trade on anything that needs a stop loss greater than 1.
Looking for something else that isn't so volatile.
Looking for something else that isn't so volatile.
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Gravel
Mr. Poopybutthole
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Speaking of Tesla, a long time ago I mentioned my mom and her boyfriend were heavily into Tesla. Like, years and years ago they dumped money into it. I was worried he was way over exposed. He hit $3 million in his portfolio this week (although likely fell below it with the swings). My mom told me that his allocation was originally 10% but has now ballooned up to 40%.
I'm hoping he diversifies, but I doubt it. When I mentioned that, she said he was also invested in some Chinese EV makers and a bunch of shit like minerals (lithium, cobalt) that go into batteries. Seems like he's probably almost all in on this renewable bullshit.
It kind of doesn't matter though. He's late 50s and has a $3M portfolio, and I think spends like $40k a year. He could've retired many times over by now.
My mom's portfolio is much more diversified (I set her up into total market indexes), and she's about to hit $1M. Not bad for someone who was a single mom who had a kid at 21 and no education (she did get her associates, bachelors, and finally masters in the 18 years of my childhood).
I'm hoping he diversifies, but I doubt it. When I mentioned that, she said he was also invested in some Chinese EV makers and a bunch of shit like minerals (lithium, cobalt) that go into batteries. Seems like he's probably almost all in on this renewable bullshit.
It kind of doesn't matter though. He's late 50s and has a $3M portfolio, and I think spends like $40k a year. He could've retired many times over by now.
My mom's portfolio is much more diversified (I set her up into total market indexes), and she's about to hit $1M. Not bad for someone who was a single mom who had a kid at 21 and no education (she did get her associates, bachelors, and finally masters in the 18 years of my childhood).
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Big Phoenix
Pronouns: zie/zhem/zer
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Hateyou
Not Great, Not Terrible
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That dude needs to take some profits on Tesla and diversify. When you hit enough to retire what’s the point of continuing to ride something so risky?
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Shonuff
Mr. Poopybutthole
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There are 53 EV's on the way from other manufacturers. Ford and GM are light years ahead in terms of quality and reliability. If you are buying an EV, would you want to be with a company that will make a vehicle that will last, or TSLA that is pretty much dead last in the industry right now? And you have way more service options, they have GM and Ford dealers on every street corner.
I wonder, does anyone think that a year from now, TSLA stock will be higher? The Ford Mustang EV is stealing sales from TSLA 1:1.
LachiusTZ
Rogue Deathwalker Box
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Is this the first year you have asked yourself this question?
We did the Tesla thing. Years ago.
But you do you.
Short that shit. Lulz
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TJT
Mr. Poopybutthole
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I was wrong about TSLA when it was <$100, when it was $250, when it was $400.... literally 100% of the time I was wrong and for years. I eventually drank the Koolaid and I'm up 150% on it.
But yes, continue shorting it. Have fun boyo.
But yes, continue shorting it. Have fun boyo.
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Hateyou
Not Great, Not Terrible
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I agree with all of that, that’s why I said he needs to take some profits and move it around. Tesla shows now signs of slowing but it has so much stuff working against it that it’s a high risk stock IMO.
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Fogel
Mr. Poopybutthole
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There was that multi billion dollar hedge fun that existed for decades who saw the dot.com bust happening before anyone else, so they shorted it. He had to liquidate and shut down the fund a mere months before the crash finally happened.
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Shonuff
Mr. Poopybutthole
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I remember when TSLA was only delivering 2k units a month and was valued higher than the Big Three automakers and thinking people were crazy back then.
We live in a Bizarro world where a company delivering barely 1% of all auto sales is worth 1/3 the total market cap of all the automakers combined.
/end rant
We live in a Bizarro world where a company delivering barely 1% of all auto sales is worth 1/3 the total market cap of all the automakers combined.
/end rant
Gravel
Mr. Poopybutthole
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Yep. Best quote about the market:
"The market can remain irrational far longer than you can stay insolvent."
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Shonuff
Mr. Poopybutthole
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Oil falls after increases in U.S. crude, fuel stockpiles
Oil prices fell after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the U.S.
Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world’s largest oil consumer.
Brent oil futures fell 1.42%, or $1.28, to trade at $85.12 a barrel after closing at the highest in seven years on Tuesday.
West Texas Intermediate (WTI) futures declined $1.36, or 1.6%, to $83.28 a barrel after gaining 1.1% in the previous session.
Crude oil inventories rose 2.3 million barrels in the week ending Oct. 22, market sources citing American Petroleum Institute figures said late on Tuesday. That was more than the expectations for a 1.9 million barrel gain.
Gasoline inventories rose by 500,000 barrels and distillate stocks increased by 1 million barrels, compared with a forecast for both to drop.
With Brent rising the past eight weeks and WTI climbing for the past 10 weeks, prices are starting to look overbought, analysts said.
“Barring more bullish headlines, which is possible considering what we saw yesterday, we could see some profit-taking in Brent and WTI which would be healthy for the market,” said Craig Erlam, senior market analyst at OANDA.
Big Phoenix
Pronouns: zie/zhem/zer
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Is Marketwatch 6 months behind all of us? Or is this some TDS bullshit related to DWAC?
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Tmac
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