Its my gambling addiction nerve. It’s the rush I love personally. I try to tell friends of mine that want to sports bet and I’m just like you don’t have it in you. It’s the I don’t give a fuck about losing
This is all I'm here for. If I get to the point where I have to worry about securing large gains, I will find a way to manage but I'm here to fuck around mostly.
it seems like i need to be trading more than a few hundred here and there to really make it worth it, and i'm not really in a place right now to just throw $10k on essentially gambling. however, it has been a fun few days so i get the appeal
Really wishing TD would have held my deposit one extra day, lol. The Patient Plays discord is on a feeding frenzy as my penny portfolio takes a nose dive and funds are locked up. Good lesson in learning what actual excitement looks like though. As far as companies go, I can easily see a few of our portfolio partners going big, and being in the startup world I’ve come across some cool teams with deep pockets. I don’t think the public can play in any of them yet, but it’d be way more fun to do than OTC. Price of entry is way out my range for sure in general. Interestingly, our local incubator is setting up a small fund for casuals with a low entry. You might look locally for the same
That’s exactly what I started doing. I’m here to have fun and be ultra risky and try to turn this $750 into $1M.
You will get there, it takes time when you start. It’s a complete grind early on. I went ultra risky early on and put it all on one stock.
Yep. I'm just playing around. I'm still slamming my Roth and other retirement accounts. I'm putting money into TDA that I am 100% expecting to lose. This is my current strategy just for shits and giggles. I dropped $1K in for learning purposes. I spread it out randomly just to get a feel. I bought anywhere from 5K shares to 200K shares depending on how I felt after some research. I'll ride this out for a few more weeks while I DD the shit out of some other potential buys. Then I'll drop another $1K and buy in either $200 or $250 increments. Live look for proof:
AZFL .0031 currently .0024 GNCP .0029 currently .0002 INCT .0035 currently .0028 NUUU .0021 currently .0015 MFST .0052 currently .0038 Dumped NUUU and MFST to look for new plays, but TD wouldn't let me use the funds. Put more money in at Schwab but the deposit hasn't cleared yet.
My general rule is to only hold as many as I can track in my head. Track meaning what the company is, why people think it will move and what price targets are. In the past I’ve had probably up to 20 penny positions at once and when things move you can’t respond well because you’ve got to go relearn each ticker’s case
I don’t consider this a portfolio. I pay a dude who actually knows what the fuck he is doing to manage a portfolio for me. What I’m doing is the same as going to Vegas. Also, I just realized I can trade currency pairs in think or swim. Used to trade forex a lot and did pretty well for a good while. But time is a flat circle so here goes some gasoline on my money again
Couldn't purchase because my funds still haven't settled. I"m going to pretend to buy $800 worth of TSCRF at $4.05.
Part of what I *think* I’m learning is to be patient with the rollercoaster. Sat on almost everything today and took the punches. Shits going to happen and the worst thing I can do is apply my shitty sports betting philosophy with the market. ***All of this changes if we go into WWIII over the weekend in which case so long cash!***
My initial thoughts that airlines would be a good idea with vaccine starting to come around seem sound, they are just a steady amount of upwards most days.*
Someone said the other day that dips close to the weekend are normal with these types of stocks. Ive got very little money in the game. I’m still reading through all the Schwab tutorials and research and the stuff users have posted in here. But there is only so much time in the day. Probably won’t start throwing real money in the game for another couple of months at this rate.
Long weekends especially. I spent the day doubling down on the plays I like. Hope I don't look stupid next week.
No We went from .25 to .95 in no time. Healthy pullback is fine. I have more than my 200k shares now.
I'm a believer after my DD. I bought 10K shares at .54 9 days ago. Feeling like I should pick up some more.
If anyone is interested I found an Automatic Fibonacci thinkscript for think or swim on another forum: Spoiler Although theres a code block feature, I guess GoodForAnother has blocked code via the WAF. So heres a link to the specific post https://usethinkscript.com/threads/auto-fib-fibonacci-levels-indicator-for-thinkorswim.14/post-49985
These rich assholes need to be taxed more because they aren't allowing me to lose money on a holiday.