Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. user15000

    user15000 Well-Known Member

    Here are a few simple articles explaining the value of having bitcoin in a portfolio, even at small percentages:

    https://www.coindesk.com/bitcoin-ca...even-if-bought-at-all-time-high-bitwise-study

    https://cryptonews.com/exclusives/h...io-would-ve-performed-w-1-5-and-10-i-5736.htm

    Also Paul Tudor Jones (you've maybe heard of him, he's worth $5B) is long bitcoin. What do you think you know that he doesn't? Here's his investment thesis in bitcoin written with Lorenzo Giorgianni (you might want to read up on who he is as well):

     
  2. momux

    momux AFAM Scholar
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    The tweet literally says "DCA for 2017, don't in 2018, DCA in 2019"

    I too can pick about a million investments that this retrospective fact pattern will fit.

    As an aside, I do have about 1.5% of my portfolio in BTC but your constant shilling is p offputting.
     
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  3. user15000

    user15000 Well-Known Member

    I was randomly tagged itt. You randomly asked how a btc portfolio does. The answer: better than a normal portfolio. Maybe stop bitching about a response that you asked for. Maybe, just maybe, you don't like being reminded that simply buying btc is a better investment strategy than whatever you engage in.

    And I'll be here waiting for when you decide to explain why PTJ is wrong...
     
  4. momux

    momux AFAM Scholar
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    Yes, PTJ is god and I have proof:



    honestly this is a pretty fun little doc if you have the time
     
  5. user15000

    user15000 Well-Known Member

    I'm too tired for a 55 min documentary tonight, maybe this weekend though.

    Look, I'm not going after you, but i also don't get why you want to pick a fight. There's an awful lot of framing of bitcoin as some kooky thing that no one owns. Meanwhile, we're in the middle of central banks publicly admitting to having unlimited dollars (this is a bit unprecedented and weird when you give it some thought), and there are countless mainstream investors (PTJ, Chamath, Jack Dorsey, Peter Thiel, Marc Andreeson, etc.) who hold and are long bitcoin. It's weird to me that you think I'm some outlier given the people already invested in this space. Are you smarter than all of those people? Are they missing something that you figured out?
     
  6. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    Thiel who drinks the flood of virgin boys is always who i look to.

    (i find BTC stuff funny but mostly wanted to point out Thiel is a sociopathic creep)
     
  7. momux

    momux AFAM Scholar
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    North Carolina TarheelsCarolina PanthersChelsea

    No; I'm just saying the random tweet you put out was a really bullshit nonsense thing. You're better than that if you really want to promote BTC.
     
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  8. burnttatertot

    burnttatertot (๏̯๏)
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    And I regret it already.
     
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  9. user15000

    user15000 Well-Known Member

    We’ll have to disagree that it’s bullshit or nonsense to compare how those 3 things have performed during a global pandemic.
     
  10. elfrid

    elfrid i was rude, but i was rude with an idiot
    Miami HurricanesOrlando MagicTampa Bay BuccaneersArsenalOrlando CityUnited States Men's National Soccer Team

    i tried searching and couldn't find it, but is there a resource that can give me the percentage change of all stocks to date since the march lows?
     
  11. ohhaithur

    ohhaithur e-Batman
    Donor

    stockgains.io
     
  12. elfrid

    elfrid i was rude, but i was rude with an idiot
    Miami HurricanesOrlando MagicTampa Bay BuccaneersArsenalOrlando CityUnited States Men's National Soccer Team

    i've always said you're a scholar and a gentleman. thank you sir
     
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  13. HuskerGuy99

    HuskerGuy99 Above Average Member

    Bitcoin is in an absolutely horrible position right now after the halving event and they desperately need new bagholders to come save them from ruin. And user15000 is purely a Bitcoin shill not sure how he found this site.
     
  14. HuskerGuy99

    HuskerGuy99 Above Average Member

    lol just checked the price of Bitcoin. It has dropped nearly $1000 this week. Surely you are buying up even more at this price user15000? Vacuuming up those peer-to-peer virtual bits secured by? How are they secured again? What could go wrong again? No thanks.
     
  15. Tony Wonder

    Tony Wonder Well-Known Member
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    I get this, but part of me feels bad for watching Mickey Roadster Racers with my kids hoping that mouse gets Covid for my puts.


    Just kidding. Print that money!
     
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  16. southside

    southside Well-Known Member
    Donor TMB OG

    Is the printer broken? Not good
     
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  17. HuskerGuy99

    HuskerGuy99 Above Average Member

    As long as the dollar and rates remain low, market is going up. Will see how this week shakes out, but I'm looking to buy cheap calls when opportunity arises. SPY looking oversold on short-term time frames.
     
  18. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Can you explain this to me please?
     
  19. billdozer

    billdozer Well-Known Member
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    Shale pioneer Chesapeake Energy files for bankruptcy
    [​IMG]
    Chesapeake Energy, a pioneer of the American shale revolution, declared bankruptcy on Sunday, the biggest US producer to have succumbed in an oil-price crash that is ravaging the country’s energy sector. After skipping interest payments this month, and with bonds maturing this year that were last trading for only about 5 cents on the dollar, a Chapter 11 filing was expected sooner rather than later.

    https://www.ft.com/content/31f35631-7b7d-4fa1-8eef-6255bf18cf88
     
  20. RockHardEnis39

    RockHardEnis39 StEvIS_iN_cBuS/LandlordBob stalks me
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    I don't know how this didn't happen 5 years ago, but okay
     
  21. ohhaithur

    ohhaithur e-Batman
    Donor

    upload_2020-6-28_19-38-34.png

    Definitely not fishy
     
  22. The Hebrew Husker

    Donor
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    Wish I didn’t sell my Alpha Pro at like 12 bucks, I’d assume it gets a bump tomorrow.
     
  23. Jesse Palmer

    Jesse Palmer Hair Product & Roses
    Donor

    So i've been day trading for a little bit now very conservatively. I miss out on a lot of trades when resistance/support breaks because my limit doesnt hit.

    I finally went back and studied my trades and saw that I've missed out on some serious $ missing on filling orders.

    I know tons of dudes use market orders when they hop in and out and im not quick enough on my computer/phone to type in the numbers as the # moves. I miss it a lot.

    Can someone who is experienced with this issue let me know what do to? Should I switch to market orders? Is the risk of using them a total "stay away"? I am jumping in and out on trades quickly and moving to the next stock that triggers an alert I set.
     
    High Cotton likes this.
  24. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Nothing will come of it with this administration.
     
  25. HuskerGuy99

    HuskerGuy99 Above Average Member

    What are you setting your fills at and which broker? I never use market orders. They can absolutely destroy you in situations with low volume. Not to mention your broker could potentially fuck you over if the orderbook is empy or close to it.
     
  26. Jesse Palmer

    Jesse Palmer Hair Product & Roses
    Donor

    Yeah, could be scary in that scenario but I have been scalping big caps so there is usually volume there.

    I used TDA.

    How do you time it? Do you just set it at a number above resistance for auto buy / below support for auto short?
     
  27. HuskerGuy99

    HuskerGuy99 Above Average Member

    TDA is good. Typically I sell before before support/resistance levels are hit. It's all by feel for me depending on many factors.

    So for example last Friday (assuming a 301 support level here), if I have SPY 301 puts and it's getting near 301, I am getting my order ready at 301.50-301.75 range and watching the price action change along with volume. I'll be looking to exit by about 301.25. I don't want a big order to bounce us back up away from support before I can get out. I'll have a rough idea of how much $$ I'm looking to make before I even buy the puts, so that's what my initial ask is. From there I will slightly adjust up or down as needed, usually toward the bid if I want to exit the position as a day trade and am happy with the profit.

    I do not suggest using a phone or any mobile device. You want as fast and reliable a connection as you can get. You also want to be able to enter input as quickly as possible, so a touch screen is not ideal for the scenario you have described where many alerts and potential positions are going off and in play.
     
  28. Jesse Palmer

    Jesse Palmer Hair Product & Roses
    Donor

    Catching it getting into the stock is my problem.

    Im starting to transition to the computer more, working from home only allows me one screen. I have been using CPU for work and phone for trading - but I think I am going to try to switch it up on ThinkorSwim
     
  29. HuskerGuy99

    HuskerGuy99 Above Average Member

    Something like SPY is very easy to get into. Depending on the security, you may have to wait for a spike to catch a good bid. Or the best scenario is when the price is rising/falling fast and you catch somebody in a panic. If your conviction in a play is great, you should just put in an order at the ask or slightly above it if the price is moving with good volume.
     
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  30. ohhaithur

    ohhaithur e-Batman
    Donor

    Opening bell optimism lasted all of 2 minutes
     
  31. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Boeing beginning the test flights of the 737 again.
     
  32. pacey

    pacey Well-Known Member
    Donor

    Saturday's:
    The markets fell hard on Friday. The Dow finished with a loss of 730 points, closing at 25,016, its lowest close of the month. It was down 856 points for the week. The NASDAQ lost 260 points on Friday and was down 188 points for the week. The disparity I mentioned last week between the Dow and the tech heavy NASDAQ continues. The Dow has moved to a Sell Signal while the NASDAQ remains on a Buy Signal, even after Friday’s large decline. We’re living in a world where the Corona 19 virus has changed the behavior of many people, keeping them cooped up at home watching movies on NETFLIX, listening to Apple music, and shopping on-line at Amazon. These big name FANG stocks to continue to profit while other, not so fortunate companies begin to falter. Volume on the NYSE continues to run significantly below its 10-day average, which like I said last week, is a major warning. Small investor optimism and financial advisor sentiment are also at EXTREME levels ...another major warning. These volume and sentiment warnings are similar to what I saw back in 2001, just before the dot.com bubble burst.

    Friday’s decline appeared to be the start of Wave 3 down. It was likely part or all of wave 1 of Wave 3 down. With the NASDAQ still holding on to its Buy Signal, it’s likely that the Dow will do some backing and filling (retracement wave 2 up) next week before the real carnage begins. Also, because the Dow still hasn’t broken below its 15 June low of 24,843, it’s still possible that Friday’s decline was wave ‘b’ down within an a-b-c pattern for Wave C of Major wave 2 up. If this is the case, the Dow could still rally next week to re-test the 26,000 level although the odds of this happening are low. The odds would be further reduced if the Dow breaks below 24,843.

    The thing that’s causing me some concern after watching Friday’s decline is that it was not confirmed by the small cap stocks on the Russell 2K. One would think that the small cap issues would be leading the way down by now, but they too have not broken below their 15 June low yet. And if that low holds on the major indexes, we still don’t have a lower low to confirm a major trend change. This is one of the reasons the Model has not been adding to its ‘trial’ inverse position in DXD. It’s still way to early to be aggressively negative.

    The Market Timing Indicators for the Major Indexes remain mixed. The timing indicator for the Dow has turned Negative while the same indicator on the NASDAQ remains Positive.

    The Dean’s List is Neutral while the Tide, which is driven by stocks on the NYSE, is Negative.

    The Sector Ratio finished the weak at 11-13 Negative. This is the first time the Ratio has been Negative since early April. So even though the market might not be ready to start its Major Wave 3 decline, the Sector Ratio is telling us the odds for a continuation of the Wave 2 rally are becoming slim. Pay attention to what’s happening in the Sector Ratio. If most sectors are now starting to move down, it will be extremely difficult for most stocks to buck the trend. The easier direction to trade is now down.

    The top 5 strongest sectors were Energy, Retail, Material, Cap Goods, and Household Products. The top 5 Weak sectors are Utilities, Telecoms, Foods, Leisure and PharmaBio. BTW, the Relative Strength (RS) of the weak sectors is now starting to exceed the RS of the sectors on the strong list. Except for Energy o the Strong List which has a RS of 5, all the other sectors have RS ratings of 2 and 1. Most of the sectors on the Weak List have S ratings of -3 and -2. This tells me the overall strength of the sectors is beginning to weaken. Again, pay attention to the sectors. We saw how the market started to rally back in April when the sectors began to strengthen. Now the opposite is happening.

    As long as I’m talking about the sectors, and the fact that we’ve had several new students join us recently, I probably should talk about the RS ratings. During the week, I received an email from new subscriber George L. George asked about the meaning of the RS rankings on the Dean’s List. As most of you know, the Dean’s List and my other Lists, have RS ratings attached to them. These ratings are simply a way to measure the relative strength of the individual stocks, ETFs, or Sectors on the Lists. The rankings just tell you the relative strength between the issues at any point in time. The rankings DO NOT tell you that stock or ETF ‘A’ is a better Buy than stock ‘B’. The Lists only tell you that one stock is stronger than the other …on that day. The thing that you should remember is that ALL stocks and ETFs on the Dean’s or Member’s Watch List are strong. But that still does not mean that they are a Buy. To determine if they’re a Buy, you need to use your indicators. So, when I see a stock or ETF that I’m interested in purchasing is on one of my Lists…I know its strong. Then I use my indicators to tell me when to pull the trigger. If the indicators are negative, I don’t buy the stock. I just simply wait until the indicators turn positive.

    So, let’s go through the procedure: If the Market Timing Indicators are positive, I look to see which sectors are the strongest. Those are the sectors I want to be in. Then once I know which sectors are the strongest, I go to the Dean’s List and Members Watch List to select ETFs and stocks in those strong sectors. Finally, I use my indicators to trigger the trade. If the Market Timing Indicators are negative, I look at the top 5 weak sectors and select stocks or inverse ETFs with stocks I these sectors. When the markets are in a retracement mode or are nearing a major turning point, like they are now, I use my scalp trading indicators to take quick profits and NOT hold anything overnight.

    Speaking of indicators, with the market falling like a rock yesterday, I once again used my Scalp Trading Indicators to hammer the market. I’m not going to tell you how well I did, but let’s just say I smoked two cigars. My new Scalp Trading Indicators continue to produce winning days, with some being major pay days. If you’re still not using my new indicators to trade this Bear Market, I MUST tell you that you’re missing the boat. Do yourself a favor and get my new video. You’ll be glad you did. DO NOT be discouraged by the new Bear. It will likely be with us for the next 3-5 years or more. The corona virus has changed the way we live. You just can’t buy and hold anymore. Buy and hold is DEAD! So, don’t sit on the sidelines and hope the market will come back. The odds of this happening are extremely low. No…get my new video and learn how to trade the market no matter which direction it moves in the future. Remember, I developed this new video for you…so you can make money during the coming decline. Stop being someone who watches or wonders what happened. Be someone who makes things happen. Get the video.

    The Model continues to hold 800 shares of DXD, 400 shares of DUST, and a lot of cash. The Model continues to look for opportunities to buy shares of inverse index ETFs and now SCO, the inverse ETF for Crude Oil. These purchases could begin within the next few days, especially if the Dow starts to decline below 24,843. Above 24,843, the market is still in NO-MANS land, with a pattern that could still be part of a Wave 2 up. And we all know how unpredictable retracement Wave 2s can be.

    Have a great weekend.

    That’s what I’m doing.

    h
     
  33. pacey

    pacey Well-Known Member
    Donor

    Sunday:
    Attached is a 60 min chart of the Dow (DIA) that shows the two Head & Shoulders Patterns I have been talking about in my Daily Comments for weeks. On Friday, the Dow closed right at the neckline of the larger H&S pattern. So IF the Dow starts out lower on Monday and breaks below the neckline, the odds are high that the large cap index is headed for 23,000 or below. On the other hand, IF the Dow starts out higher on Monday, it will likely rally to about the 25,750 level +/- before falling to 23,000. I would view any rally near the 25,500 - 25,750 level as a major shorting opportunity.

    Students should also understand that IF the Dow begins to move lower, towards 23,000 or lower, it will only be Wave 3 down of a five wave sequence for Major Wave C down. Once all five waves of this sequence are complete, the Dow will likely be trading below 18,000, with significantly lower prices possible.

    Friday's close near 25,000 represents a critical level for the markets. If broken, it will likely send stocks reeling. Protect yourself!
     
  34. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Pulling this out of the penny thread because of possible long-term implications.

    What's everyone's opinions on the electric vehicle market? Obviously, Tesla is here to stay and Nikola saw a pretty big jump two weeks ago. I'm holding IDEX and SOLO, which both started with the idea of swing ideas...but is anyone in any of the smaller EV companies for the looooooong term?
     
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  35. pacey

    pacey Well-Known Member
    Donor

    Picked up some July 17 MGM 15.50 shorts.
     
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  36. Baseballman86

    Baseballman86 Well-Known Member

    Stay up there Kroger!
     
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  37. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
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    Grabbed a couple longer ones two weeks ago when we were discussing them. A little green on them for the time being, hoping so be more so.
     
  38. HuskerGuy99

    HuskerGuy99 Above Average Member

    Long AMD. Let's go Jerome pump this to the moon now.
     
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  39. ohhaithur

    ohhaithur e-Batman
    Donor

    I've been rolling my sold calls on that down as my cost basis drops, so my current strike is only $33.50. Oh well, I'll still take a win
     
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  40. HuskerGuy99

    HuskerGuy99 Above Average Member

    Futures rising, VIX and treasuries falling, only need the dollar to drop as well and we are in full-on bull mode.
     
  41. Hawks11

    Hawks11 The arsonist has oddly shaped feet
    Donor
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    GAN had a nice jump this morning. It should continue to increase. Also, Goldman Sachs upgraded LUV (Southwest) to $47 a share. Those two stocks are carrying me today. I wish I could say the same about my fidelity mutual fund. That thing is in rough shape.
     
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  42. ohhaithur

    ohhaithur e-Batman
    Donor

    What's your LUV position?
     
  43. dukebuckeye

    dukebuckeye P.G.I.T
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    69 hehe
     
  44. Hawks11

    Hawks11 The arsonist has oddly shaped feet
    Donor
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    I’m long on LUV. They have the best financials of any airline and domestic travel is mainly what people will choose.
     
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  45. texasraider

    texasraider thanks
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    Texas RangersKansas City ChiefsTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

     
  46. southside

    southside Well-Known Member
    Donor TMB OG

    DXY resistance 97.85. Little bit of runway left

    XLE and bitcoin are going to rip once that line is hit
     
  47. ohhaithur

    ohhaithur e-Batman
    Donor

    Are you selling calls against it at all? Seems like a great covered call/poor man's covered call stock rn if you're long on it
     
  48. RavenNole

    RavenNole Well-Known Member
    Baltimore RavensTampa Bay LightningChelsea

    I shouldn’t be surprised when the market goes green anymore but I’m surprised. Texas and Florida having major outbreaks will have a ripple effect on the economy.
     
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  49. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    the next test is when deaths start rising again
     
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  50. Hawks11

    Hawks11 The arsonist has oddly shaped feet
    Donor
    Alabama Crimson TideAtlanta BravesAtlanta Hawks

    I have LUV as traditional boomer shares right now. A covered call for December might be a better option, though.
     
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