Reticently Posted July 13, 2024 Posted July 13, 2024 @BB_Hoodythis one's for you (but not just for you)! Let's post our stock wins and losses here, as well as provide mutual investing support/advice. Where I'm at right now: married, 3 young kids. Homeowner, wonking big mortgage though. Wife and I are both full-time workers making good incomes in a moderately high cost of living area. We have about 20 more years of working ahead of us (ideally), unless we stumble into some sort of ridiculous windfall. We're both late to the retirement savings game, but we're fortunate enough to be maxing out annual contributions to both of our 401k presently to try and catch up. My wife is 100% in S&P500 index funds. I'm 60/30/10 in S&P500 index/US Bond index/ and individual biotech stocks respectively. My individual stock gambles are all in biotech, because it's what I know. That whole sector is beat the fuck up right now, because it seems the stocks respond more to the changes in interest rates than individual advances in their product pipelines. I'm very slightly down on lifetime performance in these stocks, but there's a ton of bargains there, and LOTS of room to run for the companies that come out with winner therapies. Individual stocks I'm in: $CRSP $NTLA $BEAM $PRME $CRBU $RLAY $IPSC BB_Hoody, NinetiesArcades and Jurassic 2 1 Quote
AriesWarlock Posted July 13, 2024 Posted July 13, 2024 (edited) First! 🤘 Hoping to start retirement investing in the near future. Edited July 13, 2024 by AriesWarlock BB_Hoody, Reticently and Jurassic 3 Quote
Jurassic Posted July 13, 2024 Posted July 13, 2024 A few years ago I began to buy stocks outside of my 401k. My strategy would be best described as "set it and forget it", relying on diversity that mostly falls outside of my 401k, not chasing any day trading trends. IMO index funds are low risk but still provides much better returns than a CD even with current interest rates. Lately I am focusing on VEA, an etf that has broad, international holdings outside of S&P500. Reticently, BB_Hoody and AriesWarlock 3 Quote
AriesWarlock Posted July 13, 2024 Posted July 13, 2024 (edited) A quick video on why investing in Bitcoin will make you richer than investing in stocks. Investing yourself Edited July 13, 2024 by AriesWarlock BB_Hoody 1 Quote
Jurassic Posted July 13, 2024 Posted July 13, 2024 I'm sure Bitcoin is very appealing to day traders, but for long-term investing I would stay away from it. 1. Bitcoin is not a tangible good. It is not a house, it is not a car, it is not on a store shelf. It is an algorithm you buy into with pretend money. 2. Bad actors. Bad actors drive the Bitcoin market in their favor because they hold the majority share. Sam Bankman-Fried (FTX) claimed to a crypto genius, only to testify in his own defense that he had no idea what he was doing. 3 arrows capital, a company that was a part of the bitcoin crash in 2022, one of the owners are hopping all over Europe avoiding the law, and STILL making crypto businesses. 3. Bitcoin is not insured, at least in the vaguest of terms. NinetiesArcades 1 Quote
AriesWarlock Posted July 13, 2024 Posted July 13, 2024 (edited) Bitcoin, like gold, is commodity money. They don’t need to be backed, because they are the ones that can back everything else. It does have properties that make it valuable for those who value wealth preservation Add to that the desire of people to have it, and its value increases further. The video is not about day trading, but long term investment. I'm not a Bitcoin enthusiast, but like it shows on the video at 13:00, Bitcoin outperforms, exponentially, Tesla, Apple, Amazon, etc. by a lot. Nothing comes close. You would have to wait for many years with those stocks to earn the returns you can earn with Bitcoin in a fraction of the time. I don't think Bitcoin will last forever but I do think will probably outlasts us. I believe with every type of financial trading you shouldn't hold forever but take partial outfits along the way. Edited July 13, 2024 by AriesWarlock BB_Hoody 1 Quote
Reticently Posted July 13, 2024 Author Posted July 13, 2024 I'm not comfortable buying bitcoin (any crypto, really) because I don't feel like I'm actually purchasing tangible ownership of anything. Like, the value of almost anything could collapse, but as far as I can tell the ONLY utility of bitcoins are that some people want to buy them. Quote
Emptyeyes_ Posted July 14, 2024 Posted July 14, 2024 I was trying out both cases every once in a while. It's not bad to try to get ahead in these times. Trying is all you can do. Quote
BB_Hoody Posted July 14, 2024 Posted July 14, 2024 (edited) @ReticentlyDigging the thread title. Yeah man I'll definitely be active in here. My current investing style is to zero in on one or two stocks. I see growth potential in. Average in overtime while selling some shares on runs and buying back in on dips. Until that potential is realized. Then just hold and find the next growth play. While averaging into VOOG Etf as a safety net. And using 5% of my portfolio for high risk high reward swing/day trades. Current stocks I'm in. Growth: PLTR, JOBY Safe/low risk: VOOG High risk: IVP, KOSS, Edited July 14, 2024 by BB_Hoody Jurassic and Reticently 2 Quote
AriesWarlock Posted July 15, 2024 Posted July 15, 2024 (edited) Before buying any financial instrument, try to learn how to read charts, as well as some technical analysis. You don't want to buy a stock when price is about to reverse. Edited July 15, 2024 by AriesWarlock BB_Hoody 1 Quote
Reticently Posted July 16, 2024 Author Posted July 16, 2024 It's one of those weird mornings in biotech where almost everything is up a bunch for reasons that have nothing to do with how good or bad the companies or their products are. BB_Hoody 1 Quote
NinetiesArcades Posted July 16, 2024 Posted July 16, 2024 Awesome thread! I stopped being lazy this year and finally migrated my roth ira to Vanguard and holy shit... ... the vanguard index/etfs i have access now is amazing! They also make it easy to warn when you reach the cap for the year. Took about 2 weeks from start to finish for the migration to finish but overall it was super easy to do. Stock-wise; so happy I bought 1 NVIDIA stock earlier this year before the split. Also been watching this dude's yt videos. Has a lot of solid general financial advice. https://www.youtube.com/@TaeKimFinancialTortoise/featured And of course, mandatory podcast everyone needs to listen to: https://freakonomics.com/podcast/the-stupidest-thing-you-can-do-with-your-money/ BB_Hoody and Reticently 2 Quote
NinetiesArcades Posted July 16, 2024 Posted July 16, 2024 Also my best performing stocks so far are: COIN(Coinbase): *I bought em the moment they went live in the market. Gonna hodl this for a LOONG time. I have a funny feeling Coinbase will be the goto platform for anything crypto in good 'ole usa. Now that US gov't is finally slowly approving/denying more crypto etfs/index funds; just overall means more activity. LOW(Lowes Company Inc): *Yup, that home retail company. I believe I got em six years ago(?) when I notice these type of companies tends to pop after hurricane/storm season. It was either Lowes or Home Depot when I was selecting em. GE(General Company): *Bought em 2 years ago I think; that era when they were at their lowest and wall street said these 'dinosaur' companies are bound to go extinct. The new ceo/board literally turned the ship around; cut bloated area and expanded other parts of the business etc. They ventured out to other industries as well; see GEHC and GEV. ..and the worse: AMC(AMC Entertainment Holdings): *Yes, I participated in the subreddit AMC meme saga😂. I should've left when it was +50% but meh. In a twisted way, I'm hanging on to them because I still enjoy going to my awesome local theaters on weekends to enjoy a popcorn/good flick. At some point, they even separated the official 'AMC' stocks and the 'AMC' meme stocks(?) but now I don't see it listed anymore. TDOC(Teladoc Health Inc): *I don't feel too bad on this one since these were leftovers I kept after I sold majority of em during height of Covid when this thing was 3x at least. PGEN(Precigen Inc): *Biotech company amirite😅 I also have GOOG which is almost double now in value which is crazy unto itself considering how gigantic they are already as is. BB_Hoody 1 Quote
BB_Hoody Posted July 16, 2024 Posted July 16, 2024 2 hours ago, NinetiesArcades said: Also my best performing stocks so far are: COIN(Coinbase): *I bought em the moment they went live in the market. Gonna hodl this for a LOONG time. I have a funny feeling Coinbase will be the goto platform for anything crypto in good 'ole usa. Now that US gov't is finally slowly approving/denying more crypto etfs/index funds; just overall means more activity. LOW(Lowes Company Inc): *Yup, that home retail company. I believe I got em six years ago(?) when I notice these type of companies tends to pop after hurricane/storm season. It was either Lowes or Home Depot when I was selecting em. GE(General Company): *Bought em 2 years ago I think; that era when they were at their lowest and wall street said these 'dinosaur' companies are bound to go extinct. The new ceo/board literally turned the ship around; cut bloated area and expanded other parts of the business etc. They ventured out to other industries as well; see GEHC and GEV. ..and the worse: AMC(AMC Entertainment Holdings): *Yes, I participated in the subreddit AMC meme saga😂. I should've left when it was +50% but meh. In a twisted way, I'm hanging on to them because I still enjoy going to my awesome local theaters on weekends to enjoy a popcorn/good flick. At some point, they even separated the official 'AMC' stocks and the 'AMC' meme stocks(?) but now I don't see it listed anymore. TDOC(Teladoc Health Inc): *I don't feel too bad on this one since these were leftovers I kept after I sold majority of em during height of Covid when this thing was 3x at least. PGEN(Precigen Inc): *Biotech company amirite😅 I also have GOOG which is almost double now in value which is crazy unto itself considering how gigantic they are already as is. Damn dude you know how to pick'em. Good on ya. And yeah AMC/GME got me in the game back in 2020. Made a 100% on AMC. But that yolo trader mentally was stuck in my head for a while. Not good. Bouncing back after 2 years of basically degenerate gambling. Stock market will really have you feeling like you're not as bad as dudes losing their life savings in a Vegas Casino. When you objectively are. Quote
BB_Hoody Posted July 16, 2024 Posted July 16, 2024 JOBY is on FIYA! It was at these prices back in December of 2023. But sold off hard since then. But after steady progress. And this news with hydrogen ele tric power 5x the range of the Aircraft. It seems big players are starting to take JOBY seriously and hold this time around. Here's how I'm looking. And this portfolio isn't even 12 months old yet. NinetiesArcades 1 Quote
Reticently Posted July 16, 2024 Author Posted July 16, 2024 2 hours ago, NinetiesArcades said: PGEN(Precigen Inc) So I wasn't familiar with this company, but having hopped on their webpage it looks like their pipeline is a bunch of stuff that's hard to make work, they don't really say a whole lot about WHAT their technologies actually are, and their "publications" link leads to absolutely nothing? I hope that's all just their webdesign people kind of sucking. BB_Hoody 1 Quote
BB_Hoody Posted July 16, 2024 Posted July 16, 2024 5 hours ago, NinetiesArcades said: Awesome thread! I stopped being lazy this year and finally migrated my roth ira to Vanguard and holy shit... ... the vanguard index/etfs i have access now is amazing! They also make it easy to warn when you reach the cap for the year. Took about 2 weeks from start to finish for the migration to finish but overall it was super easy to do. Stock-wise; so happy I bought 1 NVIDIA stock earlier this year before the split. Also been watching this dude's yt videos. Has a lot of solid general financial advice. https://www.youtube.com/@TaeKimFinancialTortoise/featured And of course, mandatory podcast everyone needs to listen to: https://freakonomics.com/podcast/the-stupidest-thing-you-can-do-with-your-money/ Ok maybe you can help me. I posted my portfolio in a previous reply. Given I already have some gains. Would it still be worth it to put those shares, in a tax differed or free account like a Roth IRA? I was thinking to maybe put the VOOG ETF in a Roth or something. Because I want to be able to access my JOBY shares should it really take off. Or maybe create a seperate account for investing in JOBY in a Roth IRA Quote
NinetiesArcades Posted July 17, 2024 Posted July 17, 2024 Hmm...it really depends per person as my finance scenario maybe different than yours etc but if you want to start going a separate retirement account, open a roth ira. General info about it: -you can't withdraw until you are at least 59 1/2 -has annual max contribution of cap $7k this year More info: https://www.investopedia.com/terms/r/rothira.asp What to invest once you have an account? My general advice is get one of the popular Vanguard total market etf (VTI, VTSAX or VOO) and one of the bond etfs/index funds(ie BND, VBTLX etc) for 'safe' coverage as starting point. Adjust once you familiarize yourself/situation changes. Just remember this is long-term; you can't withdraw them at all; well you can but you will be taxed heavily by uncle sam. Personally I opened a roth ira 8 years ago because I already maxed allowed contribution at my work retirement and I was looking for more retirement vehicle. Mine is set super-aggressive and ngl i'm invested in various etfs but big picture: Detail breakdown: Spoiler - VTI and VOO is the majority; both are technically the same/'duplicate' index funds. -TOKE is a gamble that is performing very poorly; lost 69% value. It is one of the earlier cannabis etfs that hit the market. -since US gov't approved some crypto etfs this year; I invested in a few just so i have crypto exposure. If it blows up, awesome! If not, meh its small lose. They also have ridiculous uber expense fees! - the rest are in various caps/growth/value and 'future'-centric etfs/index funds that tracks robotics,ai, biotech, quantum computing etc The way I see it; this roth ira account will be extra income on top of what I'll be getting from work retirement+ social security(assuming it will still be around). In a 20 year timeline, i'm pretty confident it will grow alright. Good luck| get paper! Reticently and BB_Hoody 1 1 Quote
Reticently Posted July 17, 2024 Author Posted July 17, 2024 (edited) @BB_HoodyAlso, it's a good idea to have a Roth IRA just sitting around, even if you don't contribute much. There's an income cutoff where you aren't allowed to open one anymore, but you're still allowed to do stuff with a pre-existing Roth account, and some high earners take advantage of that for some tax dodge loopholes. As for tax deferred accounts in general, like Nineties said it's really an 'it depends' situation. Some rules of thumb: if your employer offers a matching contribution to a retirement account, do at least whatever it takes to get the maximum match. That's free money, and people for some reason love leaving it on the table. if you are trying to maximize a traditional retirement, this is the normal order of how you want to fund retirement accounts: employer's program until you hit their maximum match > IRA until you hit the annual contribution limit > back into your employer's program until you hit THAT annual limit > normal brokerage account if you think you have stock plays that could payoff into the "retire early" levels of money, you can consider putting some of that into a Roth, but you really want most of that in a traditional brokerage (there are some circumstances where you can pull a little money from a retirement account without getting fucked on taxes, but generally speaking trying it will get you fucked on taxes). if you have a stock you think is going to be a big winner, you want to try to be in it at least a year before it pays off so you'll pay low capital gains tax instead of high income tax on it nobody knows what the tax laws will be like when you finally retire, so no one can really answer whether Roth is better for you than not-Roth in the long run A bunch of the above stuff also changes a great deal if you're self-employed or a fuck-you rich trust-fund baby. Edited July 17, 2024 by Reticently BB_Hoody 1 Quote
NinetiesArcades Posted July 17, 2024 Posted July 17, 2024 ^solid advice right there; 100% agreed. The other reason I also opened a roth ira is because the available funds/etfs available at my employee program are very limited. I wanted more access to Vanguard ones. The expense ratio on some of them are also kinda steep; here's an example from my work: VIIX(.12) vs AMINX( .88). Note the the effect of expense ratio over 30 years: https://www.omnicalculator.com/finance/expense-ratio And of course, last plug on this amazing podcast: https://freakonomics.com/podcast/the-stupidest-thing-you-can-do-with-your-money/ It's what got me into really looking into retirement many years ago. BB_Hoody and Reticently 1 1 Quote
BB_Hoody Posted July 18, 2024 Posted July 18, 2024 Traded KOSS for a 150% gain. And now riding the wave of IVP. Turned $250 into 1k so far in my trading account. This is seperate from my investing account. IVP is in the middle of a short squeeze. Low share float. And the company can't do any dilution/share offerings for a while. So it just keeps running with some dips and days of consolidation. Reticently and NinetiesArcades 1 1 Quote
AriesWarlock Posted July 18, 2024 Posted July 18, 2024 (edited) Edited July 19, 2024 by AriesWarlock Quote
NinetiesArcades Posted July 19, 2024 Posted July 19, 2024 Another solid video from this dude. Reticently 1 Quote
NinetiesArcades Posted July 23, 2024 Posted July 23, 2024 ETH ETFs approved by SEC and started trading today! https://www.investors.com/news/ethereum-etf-sec-approval/ ''Coinbase (COIN) will serve as the custodian for eight of the newly approved ETFs. The crypto exchange also serves as the custodian for a majority of the bitcoin ETFs.' My COIN position gonna triple in value by end of day for sure😅 Reticently and AriesWarlock 2 Quote
BB_Hoody Posted July 26, 2024 Posted July 26, 2024 Ok so this morning in pre market I traded WINT I Got in during at 7am and averaged down to 6.70 in my trading account with $500. And 6.57 with $300 in my investment account. By market open it ran to 9.20. Then within the hour pulled all the way back to below $7. Now this stock had already been running in pre market. Up over 100%. However the yearly chart showed 7.90 was resistance which it cleared. Then 9.20 being next. Now here's where I messed up. And this is just me letting hype and greed override planning and strategy. I charted the prices. I knew 9.20 was a key resistance level after 7.90 But instead of selling when it got rejected at 9.20 I held hoping for more. Before my stop at my break even price triggered. However this was in my trading account. My investment account? I set a 10% trailing stop that kicked me out with a 25% gain. So I asked myself. Why was I more careful with my investment account. And more YOLO with my trading account. Even though the later had more money in the play? Answer? It's my investment account. Because I have my long-term holds in there. I just treat all plays with the same level of careful risk management. I don't want to lose any money in that account ever again. So I need to bring that same mentality to my trading account. I had a good plan. Now treat that account like I would my investing account. So that I stick to my strategy for a play. Reticently 1 Quote
AriesWarlock Posted July 26, 2024 Posted July 26, 2024 28 minutes ago, BB_Hoody said: However the yearly chart showed 7.90 was resistance which it cleared. Then 9.20 being next. To make sure, you bought at around 7 A.M? I am assuming you traded in a low time frame chart like the 5-minute? 1-minute? If so, get your support and resistance levels from the 15-minute chart. Just a general advice, don't expect to buy in a 1-minute chart and hit yearly resistance no matter how close it looks. There's high probability of getting whipsawed on the way. Use higher timeframe charts with a factor of 3X or 4X. For example. 5M - 15M 1H - 4H 4H - 1D 15-min chart You are saying you bought at around 7 A.M.? You bought while prices were going down, essentially caught a falling knife. but I am getting that you held on until the trend reversed? Fortunately, the drawndown was short. Then price went to around 9.00 which was the resistance level. This is where higher TF charts can help you: that huge green candle was an exhaustion candle. And MACD shows a divergence, so yeah it was most likely the end of the rally. I would have entered in that red candle SO HARD!! BB_Hoody 1 Quote
BB_Hoody Posted July 26, 2024 Posted July 26, 2024 (edited) @AriesWarlockYeah it hit that price of 6.15 to 6.20 in pre market. Then again mid day. I guess built support there are reversed back to $8 range currently. So what is it about that particular red candle that stood out? I did hear that candle charting beats price charting. Edited July 26, 2024 by BB_Hoody Quote
AriesWarlock Posted July 26, 2024 Posted July 26, 2024 19 minutes ago, BB_Hoody said: @AriesWarlockYeah it hit that price of 6.15 to 6.20 in pre market. Then again mid day. I guess built support there are reversed back to $8 range currently. So what is it about that particular red candle that stood out? I did hear that candle charting beats price charting. There's different type of charts like Japanese candles, bar charts, line charts, range bars, volume bars, etc. Each have their own strengths and weaknesses. Japanese candle charts are one of the most popular because it shows the psychology of the traders. I forgot to ask, why did you decide to buy, was it because of news related to the company? Quote
BB_Hoody Posted July 26, 2024 Posted July 26, 2024 (edited) 22 minutes ago, AriesWarlock said: There's different type of charts like Japanese candles, bar charts, line charts, range bars, volume bars, etc. Each have their own strengths and weaknesses. Japanese candle charts are one of the most popular because it shows the psychology of the traders. I forgot to ask, why did you decide to buy, was it because of news related to the company? In pre market I try to spot stocks trending on Yahoo finance that have high volume. I saw that WINT had been trading sideways for a while. Then exploded in pre market as soon as 4am. Then began to fall back a bit by 7am. Saw that it had a low float and high short intrest. So maybe it's running from it squeezing a bit. Wish I had recognized that 6.20 range as the floor But yeah high volume always gets my attention. I then start looking at the charts. And seeing what info is new with the company or stock activity such as short intrest, or float size etc Where did you get your candle charting program from? Edited July 26, 2024 by BB_Hoody Quote
AriesWarlock Posted July 26, 2024 Posted July 26, 2024 (edited) 1 hour ago, BB_Hoody said: But yeah high volume always gets my attention. I then start looking at the charts. And seeing what info is new with the company or stock activity such as short intrest, or float size etc The program is from https://www.tradingview.com/ It's a very popular site for traders. You can watch all types of financial securities there. You can open a free account. I don't trade stocks or trade in the pre-market; I know some people do trade in pre-market but there's a risk since market moves slowly unless there's a catalyst like news to move the market. I was trying to get a 2-min chart but I can only pull up a 3-minute chart in the free version. I applied some moving averages, the colored lines, to help illustrate where the trend is going. The purple arrow is where an aggressive buy could have been made if you are a season trader. The green arrow is the conservative buy, the safest entry. As for the red bar in the 15 minute chart in my previous reply, that candle shows a strong force from the sellers, it signaled the market was going down. Even in this 3-minute chart the first red candle shows that the market is going to go down. If you want to learn more about candlesticks this video is very good for beginners Edited July 26, 2024 by AriesWarlock BB_Hoody 1 Quote
BB_Hoody Posted July 26, 2024 Posted July 26, 2024 13 minutes ago, AriesWarlock said: The program is from https://www.tradingview.com/ It's a very popular site for traders. You can watch all types of financial securities there. You can open a free account. I don't trade stocks or trade in the pre-market; I know some people do trade in pre-market but there's a risk since market moves slowly unless there's a catalyst like news to move the market. I was trying to get a 2-min chart but I can only pull up a 3-minute chart in the free version. I applied some moving averages, the colored lines, to help illustrate where the trend is going. The purple arrow is where an aggressive buy could have been made if you are a season trader. The green arrow is the conservative buy, the safest entry. As for the red bar in the 15 minute chart in my previous reply, that candle shows a strong force from the sellers, it signaled the market was going down. Even in this 3-minute chart the first red candle shows that the market is going to go down. If you want to learn more about candlesticks this video is very good for beginners Appreciate ya my guy. Gonna watch the vid. And if I'm gonna be for real about this? It's probably time to invest in a laptop or PC for this. AriesWarlock 1 Quote
AriesWarlock Posted July 27, 2024 Posted July 27, 2024 (edited) 17 hours ago, BB_Hoody said: Appreciate ya my guy. Gonna watch the vid. And if I'm gonna be for real about this? It's probably time to invest in a laptop or PC for this. No problem. If you want to get serious about trading, I can point you to different people you can learn from, because there's different ways to trade. As for TradingView, you can learn more about it on YouTube As for a PC, I wouldn't pick a monitor smaller than 24". I currently have a 27" monitor and I think it's good. Eventually maybe you'll want to have multiple monitors lol Edited July 27, 2024 by AriesWarlock BB_Hoody 1 Quote
AriesWarlock Posted July 28, 2024 Posted July 28, 2024 I have learned some good things from this channel. He trades NVIDIA, so it's worth checking out if you invest in NVIDIA. BB_Hoody 1 Quote
Jurassic Posted August 3, 2024 Posted August 3, 2024 (edited) It seems the stock market is starting to shift after it was clear interest rates will not change, unemployment is going up and the job market is stagnating. There was already a huge sell-off this week and it may continue into next week. September is usually a rough month for the stock market too. Warren Buffett’s Berkshire Hathaway cuts stake in Apple by nearly 50% Quote Berkshire Hathaway disclosed its holdings in Apple were valued at $84.2 billion at the end of the quarter, dropping from 790 million shares to 400 million shares. The sharp selloff is notable for Buffett, who is known for holding onto stocks for long periods of time. Apple did not respond to CNN’s request for comment. Berkshire Hathaway has previously downsized its stake Apple, which has a market cap over $3.3 trillion. In the final three months of 2023, Berkshire Hathaway sold off 10 million shares of Apple stock, representing about 1% of its holdings in the company. In the first quarter of 2024, Berkshire cuts its stake in Apple by 13%. https://www.cnn.com/2024/08/03/business/berkshire-hathaway-apple-stock/index.html EDIT: Some stuff on the tech sector: Edited August 4, 2024 by Jurassic Reticently and BB_Hoody 1 1 Quote
AriesWarlock Posted August 22, 2024 Posted August 22, 2024 Speaking of trading, today I took some trades in my live account on the micro S&P500 index future contract. My charting software points out the trades. Like, starting from the left there's a 1@5622.25 in red: that means I sold one contract at that price. If you follow the white line down after that number it will reach a 1@5607.5 in green, that means I bought one contract. In the stock market the way to close orders is if you place a buy order, a sell order (if activated) cancels the buy order, effectively closing the trade. In the Forex market you just close the trade, there's no buys cancel sells. Anyway, that first trade was my best one of the day, it was almost 15 points, almost $74. I was expecting price to reach that orange line below but because an hour earlier price had reversed from that point there was some support level there. As price kept going down I was moving my stop loss order along to capture the most profit. The second trade was another sell and it was 6 points, $30. Then I had a $32 loss, and some small winners. Total profit of $86 for which I am glad, but man, I had over $100!! Gotta keep getting better. Quote
AriesWarlock Posted August 23, 2024 Posted August 23, 2024 (edited) This is for those with investments over $100M (still bad), but people are worried it might expand to other brackets. Still, something to be aware of. Edited August 25, 2024 by AriesWarlock Quote
Jurassic Posted August 25, 2024 Posted August 25, 2024 AI development: false claims and sketchy promotions. AriesWarlock 1 Quote
AriesWarlock Posted August 26, 2024 Posted August 26, 2024 My trades today on the micro S&P500 0 - This would have been the ideal sell. I have seen this pattern repeat itself before just not so quickly in the session, so I hesitated. 1 - This was my sell entry, a little late but still caught 10 points. 2 - This would have been the better entry. I know large bars crashing into the 200 EMA tends to weaken its support and continue down. I hesitated again. 3 - Short entry but I misread my indicators, price didn't keep going down. But I closed the trade with a small winner. A scratch trade. 4 -This would have been the better sell but I hesitated because I was waiting for bars with less wicks. 5 - I took this buy realizing the trend was going to reverse. I got out half way and caught 5 points, but price kept going up another 5 points. I was afraid of price making deep retracements so I moved my stop loss order to close to where the price was, so on the pullback I was stopped out with profit at least. 6. I made a mistake here, and I am never again making it. I was waiting for the 3:50 P.M. candle that's activated by the bank algorithm but decided to enter on a sell on the 3:49 P.M. candle to see if I could get a larger portion. Price went the other way. Lost 6 point. Never again. But ended the day positive with 8.25 points, $41. I'm not giving up. 😤 Reticently 1 Quote
AriesWarlock Posted August 27, 2024 Posted August 27, 2024 Had another green day today 1 - I missed the whole rally up to that point or rather I couldn't get into it as price action wasn't clear for me. But once up there I figured price was going to fall down judging by the technical indicator I was using. So I entered a sell, and price went down rather quickly. I was hoping price would go to at least that horizontal orange line in the middle, but there was strong support in the white line above the orange one. Caught 11 points, $55. 2 - Got into another sell, but noticed the candles were showing strong rejection and price took its sweet time reversing. Had to whole for like an hour so I could get out with a small profit. Getting there! NinetiesArcades and Reticently 2 Quote
Scanman Posted August 27, 2024 Posted August 27, 2024 I don't day trade so this is really a buy and hold thesis: I've made most of my money by buying gold back in 2015 when it was near $1,000. It's now 2,500. While that trade is mostly passed, I'm interested in platinum. Historically, platinum has been valued about the same as gold, but right now gold is $2,500 and platinum is around $960. In addition, the supply of platinum is -really- constrained, coming from pretty much only 3 countries: South Africa, Russia, and Zimbabwe. Russia is currently in a war and selling all of their platinum "reserves", South Africa is quickly deteriorating, and Zimbabwe has always been a basket-case. Demand for this is mostly driven by the automobile market- platinum (and palladium) are used in catalytic converters. Holding physical platinum is problematic for me (unless you have a vault, or really trust your safe), so I somewhat like the Sprott physical platinum trust (it also has palladium which annoys me- as one goes up the other usually falls). This is definitely the easiest way to trade the thesis though. SPPP For some real juice, I'm interested in buying Anglo-American Platinum Limited (from South Africa). Risky? abso-freaking-lutely. But if platinum starts to break, and it's not because of SA going into civil war, this company will probably... double? triple? I have no idea. Sibanye Stillwater is in the same boat, same location and same general metals mined. Both give relatively small dividends- 2 and 7%, respectively. ANGPY (OTC) SBSW I'm going to end up with 50% of my platinum investment in the Sprott trust, and then 25% each in the two miners. As always, don't "bet" more than you can afford to lose! Reticently, AriesWarlock and NinetiesArcades 1 2 Quote
AriesWarlock Posted August 28, 2024 Posted August 28, 2024 5 hours ago, Scanman said: I don't day trade so this is really a buy and hold thesis: I don't invest yet, but I've been learning a bit. Matter of fact, I was just watching last night the video below on investing long-term. Haven't watched all of it, but one of the advices there is to pick the top 2 stocks in a sector, so seems you've got that. I am assuming you got these names as a tip from some investing company newsletter or something. He also said in times of war or panic expect gold to go up as he shows in a chart. There some good tips there you can probably pick up. Are you happy with Granblue VS now? The game has changed and there's more characters now. Quote
Scanman Posted August 28, 2024 Posted August 28, 2024 11 hours ago, AriesWarlock said: I don't invest yet, but I've been learning a bit. Matter of fact, I was just watching last night the video below on investing long-term. Haven't watched all of it, but one of the advices there is to pick the top 2 stocks in a sector, so seems you've got that. I am assuming you got these names as a tip from some investing company newsletter or something. He also said in times of war or panic expect gold to go up as he shows in a chart. There some good tips there you can probably pick up. It's very important to learn how to invest, and basic balance sheet analysis. A lot of people "invest" on a hope and a prayer. The video is pretty much right, when you invest in the top 2 stocks in a sector, you'll get maybe 80% of the move from the thesis, but at a fraction of the risk that smaller companies will have (obviously sometimes the smaller companies move more in percentage terms, but they're riskier). My thesis is aped from a famous metals investor- Rick Rule. However, he doesn't like those 2 miners because he's pretty old and risk-averse, at this point. He's recommended the SPPP. 11 hours ago, AriesWarlock said: Are you happy with Granblue VS now? The game has changed and there's more characters now. I'm amazed you even remember that. Honestly haven't looked at Granblue in years; so many other well-made fighters came out that Granblue just doesn't cut it anymore. AriesWarlock 1 Quote
AriesWarlock Posted August 29, 2024 Posted August 29, 2024 On 8/28/2024 at 10:21 AM, Scanman said: I'm amazed you even remember that. Honestly haven't looked at Granblue in years; so many other well-made fighters came out that Granblue just doesn't cut it anymore. I didn't, just checked your old posts to see if I remembered you from SRK 🤣 Quote
NinetiesArcades Posted September 7, 2024 Posted September 7, 2024 Reticently and AriesWarlock 1 1 Quote
Jurassic Posted September 13, 2024 Posted September 13, 2024 https://www.morningbrew.com/daily I signed up to morning brew last year and it is a great newsletter regarding news in the business world. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.