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crazypeltast52 posted:To piggyback on this: I think people tend to value risk reduction too highly so they pay too much for insurance and are overeager to "lock in their gains" (you can see it all over this thread). But sure, it can be really dangerous.
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Feb 23, 2021 17:32
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Baddog posted:I think people tend to value risk reduction too highly so they pay too much for insurance and are overeager to "lock in their gains" (you can see it all over this thread). I wonder if it falls into the “money you can afford to lose advice” Options are risky, sure, but it’s really only picking up pennies in front of a steam roller if your using money that could hurt you.
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Feb 23, 2021 17:34
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you don't have to do the options equivalent of betting it all on black either
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Feb 23, 2021 17:35
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please knock Mom! posted:you don't have to do the options equivalent of betting it all on black either
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Feb 23, 2021 17:42
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punk rebel ecks posted:Thanks for the PLTR responses. Yes why didn't we all think of this. Buy low, sell high. Just time the market. Duh. melon cat fucked around with this message at 17:47 on Feb 23, 2021 |
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Feb 23, 2021 17:44
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Deviant posted:who do i have to threaten on the internet to make number go up If you can start a couple wars in the mideast my oil stocks will thank you.
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Feb 23, 2021 17:48
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punk rebel ecks posted:Not sure what everyone else here does. I have fun and try not to think about my metrics.
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Feb 23, 2021 17:51
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If people only posted here after they had their retirement set up with boring index funds and came here with fun money, I wouldn’t be saying this, but I don’t want to be part of someone ripping their face off because they didn’t understand the risks of going short vol or going all in on a meme stock sliding into a dumpster.
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Feb 23, 2021 17:51
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I'm glad that in Canada our version of Robin Hood only lets us buy shares. I'm just trying to have fun up here and not lose my shirt.
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Feb 23, 2021 17:53
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lmao red across the board except for the AMC I'm bag holding is up... 14% lmao (and I'm still underwater on my AMC...)
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Feb 23, 2021 17:57
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Uranium 235 posted:imo if you are interested in options you should paper trade them for a while so you can get an idea of how they work. i've seen people blow up accounts because they misunderstood what they were doing Do you have a recommended paper trade site for options?
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Feb 23, 2021 17:58
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Le Saboteur posted:I'm glad that in Canada our version of Robin Hood only lets us buy shares. I'm just trying to have fun up here and not lose my shirt. There's nothing wrong with getting approved for Level 2 options trading and just doing that. No way to blow anything up (which higher levels of options trading would allow). With level 1/2, the only things you can do have a max defined loss that's shown before every trade. Also no need for a margin account for up to level 2, do everything with a cash account. I find it very profitable to sell way out of the money covered calls on stocks I have that have been stale to get the equivalent of dividend income from them. Cash covered put is an excellent way to get into a stock instead of simply buying it, which protects you from the immediate drop that can happen after you buy. WSB newbies getting approved for Level 4 options and a margin account from Robinhood that does 0 risk evaluation can definitely blow their accounts though. Although it was funny seeing the various bugs the app had a few years ago, such as that one dude who used $10K of margin to build up an over a million dollar options position (the app kept increasing buying power infinitely before he actually sold anything). Rad Russian fucked around with this message at 18:12 on Feb 23, 2021 |
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Feb 23, 2021 17:59
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PLTR - they're good at catching government contracts, both here and abroad, they're still developing new platforms, and based on tech demo reactions their software is relatively easy to use. In the realm of government work, it sounds like they're set. Palantir's not quadrupling earnings every second so they'll get ground into dirt for now, but they're getting better at their business and at getting paid every year, so I expect their stock performance to ultimately increase.
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Feb 23, 2021 18:01
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punk rebel ecks posted:Thanks for the PLTR responses. I mean, for me, it's: - Have a long-term plan (don't fret your portfolio being down -.8%; think about the value of your stock in terms of increasing in value over time, splitting, dividends, etc.) - Diversify your portfolio (tech stocks took a poo poo today, so don't have a portfolio that's only Apple, Google, etc.!) - This should be a small part of your overall investment plan; some of it can be fun money, but your real money should be in an IRA/401k/savings account. - Look at each stock's history/projections, and research the company; you're making an educated guess that you're buying at a good price, and it's got better chances of going up than going down Today, my portfolio opened at -3.5%, now it's around -1%. Fluctuations are going to happen, and day to day stuff doesn't matter in the long term.
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Feb 23, 2021 18:01
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Red posted:I mean, for me, it's: Thank you.
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Feb 23, 2021 18:03
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Pilfered Pallbearers posted:Do you have a recommended paper trade site for options? this is the one I see linked around: https://platform.thinkorswim.com/platform/index.html#!/pmregister note paper trading data is delayed
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Feb 23, 2021 18:04
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Baddog posted:I think people ... are overeager to "lock in their gains" (you can see it all over this thread). As opposed to locking in losses?
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Feb 23, 2021 18:14
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It’s called harvesting!
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Feb 23, 2021 18:15
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Feb 23, 2021 18:16
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The hedge funds are doing short ladder attacks against all my holdings!
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Feb 23, 2021 18:17
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Cortexyme is a shining beacon of green in the crimson abyss
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Feb 23, 2021 18:20
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Le Saboteur posted:I'm glad that in Canada our version of Robin Hood only lets us buy shares. I'm just trying to have fun up here and not lose my shirt. Brilliant, no sell button! That would solve it.
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Feb 23, 2021 18:21
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ketchup vs catsup posted:
Just go on Yahoo Finance and leave the tabs open for your stocks. I only put 800 in ETrade and you need 1000 for live quotes, but you can refresh the buy/sell order constantly for a live price.
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Feb 23, 2021 18:22
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Superrodan posted:AMC jumped up a bit today. I kind of expect that this is meme related and for it to drop back to somewhere closer to 5 dollars or so in the next day, so I sold what I was holding at 6.44 and will rebuy if it goes low enough. The joke's on me, I guess.
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Feb 23, 2021 18:27
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Space Fish posted:As opposed to locking in losses? Being disciplined enough to do nothing is an actual skill. People tend to be way too emotional (panic sell/FOMO).
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Feb 23, 2021 18:29
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Thought AMC was rising because another theater chain went out of business today but it turns out they are tiny and have 7 locations
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Feb 23, 2021 18:32
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Puppy Galaxy posted:Thought AMC was rising because another theater chain went out of business today but it turns out they are tiny and have 7 locations New York is letting them open, might be that.
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Feb 23, 2021 18:34
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Pilfered Pallbearers posted:Do you have a recommended paper trade site for options?
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Feb 23, 2021 18:35
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Hoop Dreams posted:Being disciplined enough to do nothing is an actual skill. People tend to be way too emotional (panic sell/FOMO). Everyone likes to pretend that they have high risk tolerance and will thump their chest and say "HIGH RISK MEANS HIGH REWARD" They are almost always lying to themselves. They are also the first people to panic sell the moment there's an -8% to -10% correction. Then... they buy back in when the markets are back up and start crying about the system being "rigged".
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Feb 23, 2021 18:36
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A friend of mine is pushing CTXR hard, anyone have thoughts on that?
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Feb 23, 2021 18:39
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I learned the panic sell lesson today. All that red looked awful this morning. I thought the whole market was going down hah.
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Feb 23, 2021 18:42
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Space Fish posted:As opposed to locking in losses? Its hard to find a company that is performing over expectations (great management, product better than analysts thought, etc etc). When you do, I don't think you should rush to "sell half so you can never be down", or whatever the absolute gamblers always say. Conversely, its pretty loving easy to find a company that sucks and will continue to suck for the foreseeable future. Don't get stuck holding them as they spiral to zero. This is all just sort of philosophy though (cap your losses or cap your winners). The real thing you should always be asking yourself is "would I still buy this stock at the current price given all the latest information (and tax consequences, etc etc)".
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Feb 23, 2021 18:44
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Build a Bear Workshop is one of only two stocks in my robinhood gambling account that isn't down today.
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Feb 23, 2021 18:44
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mongeese posted:Build a Bear Workshop is one of only two stocks in my robinhood gambling account that isn't down today. Bear market confirmed.
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Feb 23, 2021 18:45
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Yomofo717 posted:I learned the panic sell lesson today. All that red looked awful this morning. I thought the whole market was going down hah. I mean, it is still a very very red day, just not the absolute panic of market open. Nearly everything I'm tracking is down 3-8%. Yesterday wasn't great either.
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Feb 23, 2021 18:48
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Short ladder attacks working to Build A Bear Market E: ^ same wave length bro/bro-ette
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Feb 23, 2021 18:52
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interesting discussion here about ARK ETFs and challenges they face since ETF AUM is uncapped and they've had record inflows: https://twitter.com/StockJabber/status/1364255322932707329?s=20 https://twitter.com/StockJabber/status/1364254379033952257?s=20 I don't know if he's right, but, the ARKs certainly are volatile both up and down. I posted previously about how the huge AUM is posing headwinds for ARKK in particular. On discord, I mentioned last week that I sold all my ARKF holdings, but I really want to get back in to ARKF eventually (and was thinking about doing so this afternoon or tomorrow). Now I have to ponder this a bit and maybe wait until next week, we'll see.
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Feb 23, 2021 18:54
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Baddog posted:Its hard to find a company that is performing over expectations (great management, product better than analysts thought, etc etc). When you do, I don't think you should rush to "sell half so you can never be down", or whatever the absolute gamblers always say. Hoop Dreams posted:Being disciplined enough to do nothing is an actual skill. People tend to be way too emotional (panic sell/FOMO). Completely agreed. I felt defensive after "locking in gains" saved me a chunk of change with regards to CCIV. That's a huge outlier compared to everything else in my portfolio, though. Long holding on companies/indexes I think will thrive over the year(s).
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Feb 23, 2021 18:54
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I'd been meaning to reorganize my positions a bit out of some more volatile stuff so today ended up being a good day to do that.
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Feb 23, 2021 18:59
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LOL I should have invested in a nice lunch. This is a bloodbath.
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Feb 23, 2021 19:02
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