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Discussion in 'The Mainboard' started by Tobias, Jan 26, 2021.
Every pick since I got out of LTNC has been abysmal.
im debating selling all of it, and regrouping
Fuck it YOLO LTNC
welp not much to do now. Got at least somewhat lucky with timing into the market and averaging down a few sloppy buys.. overall feel I did well but not amazing with the totality of entry points and not going to kick myself when we go lower in the next week or two here.. averages, from largest to smallest holdings
ctxr 1.61 not in 1.50s gang :(
a few smaller plays and a few OCT free rolls, nothing on bright red... will be interesting to check this in 12 or 18 months. Had no plans of touching this money this year and it was going to collect dust. Unless something flash goes up and is way overvalued these will be year+ holds. Confident I'll make out better than what bogle or mutual funds would have given me in that time frame, but either way will be better off than not investing at all, and this is more fun with no fees
One OTC that's been a good bet for me is ASTI. Had to endure some pain, but sold at about 12% profit a few days ago, bought back in today and already up 16%.
They went up 120% in a day the other day due to a new contract with NASA. In all honesty they might also be good hold overall.
Depending on how high it goes today may sell again and buy back in after it drops
great time to start a matterport position
ghvi in freefall cot damn
ghvi from 28 to 12 in two weeks
amazing stuff all around today
where do you think ghvi tops out long term?
I do find it extra hilarious that LTNC is green.
my hunch is google eventually buys them out. hard to venture a guess past a few years, either you agree with the tech bull thesis or not imo.. first mover get all the benefits in our setup and I personally see the technology as an inevitability and insanely profitable. Arguably one of if not the last great frontier of digitizing everything and now that it's opening up to the smartphone world instead of just the $4,000 matterport camera world...
it's your own damn fault if you don't get rich off that one at $12
Thanks I’ll consider this sufficient DD and buy the dip
How much ghvi are we holding?
enough to get rich
Yes that's what I'm looking for, but as a numerical value
1400 wouldn't be surprised if it drops like another buck into the low 12s
hope it does and I'll start shaking the couch cushions
GME is on the move, for anyone still holding
Are you saying you have 1400 shares? I’m trying to get rich off $12 here
i might have a problem
also inverse relationship between market/meme stocks is pretty much fully confirmed
hedge funds selling off our favorite stonks to pay for their meme positions
Ok I’m going to find another $12 then
So Ive sold everything and YOLOing back in LTNC
What's your avg buy in?
posted above not very good, but not terrible 13.64
13.64 will be fine once were at the moon. Don’t beat yourself up over it
I want more so we'll see what happens
It has arrived. Sigh so many adjustments. I have to learn to clip shoes smh
Made back 1,337 on this to close.
was pretty funny when people were acting like chamath was someone to be admired because of one interview about GME.. be a billionaire getting margin called on your own SPAC
this week has been awful
can we just reset to last monday
we have a while more of this as people sell off their long term capital gain positions they entered at the bottom of the covid crash a year ago
ghvi gang.. flirting with the 11s!
BMXC and INCC need to stay green for a little while iyam
Loading up on ctxr, if it insists on hitting my average.
Getting absolutely dumped on with SENS. Guess I'll just hold as I don't need the cash. The ship should right itself at some point.
these spacs are trading under their $10 floor lmao
literally impossible to lose a penny outside of opportunity costs of having the money tied up if you buy BREZ right now in the 9.80s.. for example
when you're in a hole, keep digging
03/05/2021 10:36:04 Bought 300 GHVI @ 11.5
I mean you’ve made $1.39 per share x300 in 20 minutes.
^^^ hard to worry about bringing cost basis down on a super long bullish play. Where I had to catch myself and be disciplined was when I started thinking about buying on margin while not being 100% sure about how it actually works. Like I could come up with the cash on a margin call, but until I learn how it actually works it would just be disrespectful to what it took for me to get that money into my account.
BUT with a modicum of diversity in your portfolio and a rule of thumb of 10% on margin during a blood red moment a margin call seems next to impossible... like I'm not sure any crash in history would put you in a margin call situation using up to 10% of a diversified portfolio during what you perceive as *the bottom*
so on to the interest.. minimal if youre swinging which why aren't you at least swinging on margin: max 9.5% divided by 360 days X however many days you hold.. assuming non-existent interest if day trading. Not sure what the fees look like.. but using a rule of not going over 10% during a blood red moment i'm pretty sure I could have just made a few grand had I day traded 10% on margin. time to educate myself on the fees, because I have basically convinced myself to start using disciplined margin amounts in addition to buying with real, long money in blood red moments while typing out this post
this shit is more toxic than my worst relationship from my early 20s
can you dumb all that down like 95% for some others itt
basically the stock market is a huge scam propped up by the entirety of our society .. within your account, even with a cash balance of 0, on TDA they show your "stock buying power" which wont be zero unless youre only in OTC stocks
how can you have stock buying power or do anything with no cash? on margin.. youre using your existing positions as leverage to buy more stocks or short something or do whatever.. completely ridiculous, but if approached systematically with hard and fast rules I wonder if it can be used relatively responsibly in flash crashes
the first I heard of it was looking at GME loss porn and some idiots got completely wrecked putting huge percentages on margin.. Their brokerages didnt even give them time to come up with the money as the rule is written to allow, like 4 business days or something, they just sold their shit for them at the bottom and told them to fuck off. After seeing that just told myself never margin, margin bad, but after today I'm not so sure you can't use a *safe* percentage to swing/day trade something you know is way below its normal support
I will study this dumb deal
LTNC the gift that keeps giving
almost everything you find talking about margin is a horror story
"happy thanksgiving again"
VPER finally moving
is everyone gonna spend their stimulus check on meme stonks?
Going to only get worse if this 10 year doesn't chill out.
What else would I do with it?
That would be most stimulating
These are the days we want every day
fed FOMC meeting next week.. since i've been watching this stuff it seems the market shits itself if anyone from the fed so much as thinks about opening their mouth. seems like the issue will be pressed by market makers and stimulus checks wont yet be in hand to BTFDs
closed out and sold down on a couple things with no catalysts coming in the next two weeks. we'll see if I guessed right
just need SMAS to announce they're going current and run while we're greenish the first half this week
GME running today. Seeing people who have been in since the 40s/50s after the first run talking about adding more
the believers seem to be convinced the squeeze is an inevitability.. the movie better do this story justice
does anyone still have shares? I'm thinking about buying one if it settles somewhere