Investing General Discussion

Mist

Mist

Eeyore Enthusiast
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Speaking of which, lossporn time:

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(This is just my trading account. Thankfully my ROTH, HSA, etc are doing a lot better than this.)
 
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Mist

Mist

Eeyore Enthusiast
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Part of me thinks I should sell it all, harvest the loss, and yolo it all into TQQQ.
 
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swayze22

swayze22

Elite
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Mist said:
Part of me thinks I should sell it all, harvest the loss, and yolo it all into TQQQ.
Click to expand...
I am intrigued

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but for real everything is down so unless you are playing the downside (which you aren't) then who cares? What is your time horizon on those funds? They are all indexes except for some pillars that aren't going anywhere. It appears most of your buys were during the most recent one year where the market is virtually flat after the year preceding that which was damn near 100% gain on covid rebound.

if you want quick money just sell it all and roll it into some options :emoji_smiling_imp:
 
Zzen

Zzen

Potato del Grande
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Jysin said:
That book wasn't on my list. I may check it out if you liked it.

In order of impact for me, personally:

  • Trade Mindfully by Gary Dayton
  • Trading in the Zone by Mark Douglas
  • The Art and Science of Technical Analysis by Adam Grimes
  • Antifragile by Nassim Taleb
  • The Candlestick Course by Steve Nison
  • Principles by Ray Dalio
  • Market Wizards by Jack Schwager
Click to expand...

Reminiscences was on the list of recommended reads from the one RL friend I have who trades. I believe it was also a Blazin Blazin special.

Trading in the Zone was also on the list from my friend. I've queued that one up next on Audible. Thanks brother :emoji_thumbsup:
 
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Aldarion

Aldarion

Egg Nazi
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www.cnbc.com

Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor'

Warren Buffett has a long history of deriding investment bankers and their institutions.
www.cnbc.com www.cnbc.com
Like most articles on NBC the article isnt worth reading really, you've already read the interesting bits.

I just posted it here to say, this is one of a couple* really funny and unique things about the investing information space. Investing experts get so butt hurt that other people play the game differently than they do.

"When I do it its wise investing, when you do it its just gambling!"


(the other funny thing, which is so obvious it barely needs to be said, and has nothing to do with this article, is how 99% of the investing advice out there is advice the author is not taking themselves, and they usually will even tell you this)
 
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Baek

Baek

Golden Knight of the Realm
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Sweden stonkhouses dip 7% minutes into their day and recover moments later. Probably “Just a bug”
1FA12FA5-C186-4430-AC3F-196ED7BD455D.jpeg
 
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Jysin

Jysin

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SPY just punched through the year's lows here premarket. Long way till the open, but I would not be surprised we see more panic.

Also note: FOMC Tues-Weds.
 
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
SPY just punched through the year's lows here premarket. Long way till the open, but I would not be surprised we see more panic.

Also note: FOMC Tues-Weds.
Click to expand...
AMZN getting downgrades will not be helping the indexes today.
 
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Sanrith Descartes

Sanrith Descartes

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Three pieces of wisdom from Buffet. Like or dislike him, Buffet was a real sharp gay back in the day and these three nuggets are pretty important to an investor. The second one gets quoted a lot but the other two are also real important. If you cant explain what a company does or makes, you probably shouldn't be investing in it. Same with their financials, every investor should at a minimum know how to read a balance sheet, income statement and statement of cash flows.

1. Do your research
2. Buy when others are fearful
3. Buy stock in companies you understand



finance.yahoo.com

Warren Buffett reminds the world about 3 legendary investing tips: Morning Brief

Warren Buffett brought the investing heat at his annual meeting. Here's what to watch in the markets on Monday, May 2, 2022.
finance.yahoo.com finance.yahoo.com
 
Sanrith Descartes

Sanrith Descartes

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Lightning Lord Rule said:
Hmm, good question. I'm thinking something like 130, but that might be too much depending on how things go. 120 maybe?
Let's see if Sanrith agrees :)
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Here is a 3-year chart. I am not using 2-years anymore since Covid Black Monday has dropped off. The stock exploded in 2022 so it needs to come back to some sense of normalcy and i think it is going to require patience. Friday's low was $139.93. My thought is I would like it at the 200 DMA ($129.36) as it has some nice support there. The trick is I don't know if it will get there. That would be a 25% drop from its parabolic high of $175. If it doesn't recapture the 100-DMA of $145.43 then it might keep drifting down. The price downgrades today aren't going to help it. It has solid support at $135 and my guess is that will be its next stop if it cant climb above the 100-DMA.

My opinion is I get interested at $135 and depending on that day's action I am definitely a buyer at $130.


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