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mi40 01-22-2021 04:10 PM

Re: Stock Market Chit Chat
 
closed all AMD puts on open for +60%, opened KO/PEP, closed all WMT positions, added some NOK/TM commons

Poison- 01-22-2021 05:06 PM

Re: Stock Market Chit Chat
 
GME

mi40 01-22-2021 05:14 PM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by Poison- (Post 4755073)
GME

cool to see a VW style squeeze happen, it's actually not just GME, if you notice around 12pm a bunch of heavily shorted stocks went up at the same time - it was most likely a short fund (or a few of them) getting liquidated and being forced to close their positions at the same time

some examples include GME, BBBY, PLTR, AMC to name a few - their charts and volume profile look almost identical today

Poison- 01-22-2021 05:39 PM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by mi40 (Post 4755074)
cool to see a VW style squeeze happen, it's actually not just GME, if you notice around 12pm a bunch of heavily shorted stocks went up at the same time - it was most likely a short fund (or a few of them) getting liquidated and being forced to close their positions at the same time

some examples include GME, BBBY, PLTR, AMC to name a few - their charts and volume profile look almost identical today

I did notice that with AMC, but didn't see the it happened with the others too.

I know these things are very rare, but I don't see myself every taking the risk and taking a short position on anything haha

mi40 01-22-2021 06:00 PM

Re: Stock Market Chit Chat
 
i still refuse to touch memes
GME 60c 0DTE was 0.02 at the low and was like 12.5 at the peak lmao.. 50000% gains

VisD 01-22-2021 06:43 PM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by mi40 (Post 4755077)
i still refuse to touch memes

I was considering buying into ETH last week lmao, didn't in the end

mi40 01-22-2021 06:57 PM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by VisD (Post 4755078)
I was considering buying into ETH last week lmao, didn't in the end

and it's 1225 as we speak

honestly as much as i hate missing out on moon meme missions.. it's really hard to actually sit down and go "yeah i'm going to put 50% of my entire portfolio into this meme"

like, what if it tanks? it takes a 200% gain to come back from a 50% loss, 300% from a 66% loss, etc..

VisD 01-22-2021 07:03 PM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by mi40 (Post 4755080)
and it's 1225 as we speak

honestly as much as i hate missing out on moon meme missions.. it's really hard to actually sit down and go "yeah i'm going to put 50% of my entire portfolio into this meme"

like, what if it tanks? it takes a 200% gain to come back from a 50% loss, 300% from a 66% loss, etc..

Yeaah. The other thing is that it's also relatively hard to know when to call it quits with those. With something more "traditional" you can kind of gauge what a reasonable upside would be and when to take profits/losses. With this shit you're just like "lmao wonder what will happen tomorrow"

Wayward Vagabond 01-22-2021 08:50 PM

Re: Stock Market Chit Chat
 
Big gains with cciv and clii. Didn't invest much but I made some money on them

kommisar 01-23-2021 03:52 AM

Re: Stock Market Chit Chat
 
+60% on my chinese stocks this month, renewables went up this week as well despite concerns about Canadian energy. Index equity doing decent

Quote:

Originally Posted by VisD (Post 4755078)
I was considering buying into ETH last week lmao, didn't in the end

I decided to be an edgelord and invest 40 stocks into a blockchain company that mainly mines ETH lmao. This is my meme pick

I'm still losing on my gold stocks I'm wondering if I should just cut my losses at this point.

mi40 01-23-2021 04:49 AM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by kommisar (Post 4755098)
+60% on my chinese stocks this month, renewables went up this week as well despite concerns about Canadian energy. Index equity doing decent



I decided to be an edgelord and invest 40 stocks into a blockchain company that mainly mines ETH lmao. This is my meme pick

I'm still losing on my gold stocks I'm wondering if I should just cut my losses at this point.

honestly in this market precious metals are so manipulated, it's better to just get gold miners instead of the actual gold stock

or put that gold stock money into new tech like ROKU or something

mi40 01-23-2021 04:50 AM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by Wayward Vagabond (Post 4755086)
Big gains with cciv and clii. Didn't invest much but I made some money on them

SPACs have been doing great in this meme market, i should get some at 10-11..

Rivaloo 01-23-2021 10:10 AM

Re: Stock Market Chit Chat
 
Stocks always felt like shuffling money around to me and at best you get lucky or personally enjoy the craft of calculation for a decent return but I would think covid has been no exception to negative results...

mi40 01-23-2021 11:23 AM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by Rivaloo (Post 4755102)
Stocks always felt like shuffling money around to me and at best you get lucky or personally enjoy the craft of calculation for a decent return but I would think covid has been no exception to negative results...

it is in a way shuffling money around. but you want to take the money from the pockets of the impatient, into your pocket

gold stinger 01-23-2021 02:09 PM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by mi40 (Post 4755077)
i still refuse to touch memes
GME 60c 0DTE was 0.02 at the low and was like 12.5 at the peak lmao.. 50000% gains

50k over 17 months clocked in yesterday. Been an absolute ride to watch the madlad over at /r/wallstreetbets


Rivaloo 01-23-2021 02:31 PM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by mi40 (Post 4755105)
it is in a way shuffling money around. but you want to take the money from the pockets of the impatient, into your pocket

You know actually that's a pretty good way of putting it, a testament to that explanation might be someone like me who tries it out and discovers they don't like it at which point my money becomes patient people's money xD gotta be in it for the long haul then

mi40 01-23-2021 02:43 PM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by gold stinger (Post 4755106)
50k over 17 months clocked in yesterday. Been an absolute ride to watch the madlad over at /r/wallstreetbets


big balls to put a big chunk of their net liquidity into a play like that lol

Rebirth0 01-25-2021 11:00 AM

Re: Stock Market Chit Chat
 
I've officially gotten back to the break even point on my Macys stock, that after the shutdown was down 70% at one point. Happy day. Probably selling

mi40 01-25-2021 02:13 PM

Re: Stock Market Chit Chat
 
Quote:

Originally Posted by Rebirth0 (Post 4755191)
I've officially gotten back to the break even point on my Macys stock, that after the shutdown was down 70% at one point. Happy day. Probably selling

smart move.

mi40 01-25-2021 02:28 PM

Re: Stock Market Chit Chat
 
up 12% on my NOK commons
up 16% on KO/PEP leaps
down a bit on TM commons, don't care
no meme positions, don't care if market crashes
comfy


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