OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[crownedhead]

We thought 2020 was crazy.

2021 is starting off with a bang!!!

This is gonna be a wild ride boys

 

[zmdawg]

Yesterday I broke down and 'gambled'. I bought 3 - $5 AMC calls for March........so see if I can't get myself a piece of the pie too.

 

[johnnyredstorm]

Blow off top guys. I just hit the bid after hours. 50% cash in TOS 15% cash in Schwab. Not touching SHOP ROKU TDOC AAPL or DIS. Everything else trimmed. Exited completely in TWLO and FTCH.

 

[johnnyredstorm]

GE

I have a position. Come on reddit!

My dad has 4000 shares so please bid it up lmao

 

[アミーゴ]

Should I buy 10k shares of AMC?

If you can afford to throw another 0 behind it - do it

 

[iheartboost]

Ahh ****, caved in on AMC, BBBY (sold off all PINS and AFRM shares to do this). Maybe put up on GE?

 

[johnnyredstorm]

Ahh ****, caved in on AMC, BBBY (sold off all PINS and AFRM shares to do this). Maybe put up on GE?

God damnit fam I did trim my PINS in half, but ****

 

[anderson]

i wish you all the best of luck.

 

[アミーゴ]

i wish you all the best of luck.

Full size pic of that BULLDAWG plz

NT BULLDAWG CREW > WSB

 

[QU!K]

So as someone who knows absolutely nothing about stocks explain if I understand this correctly.

A bunch of people that manage big hedge funds shorted Gamestop.

Some people on Reddit saw this on a public record. They announced this to the subreddit leading to a bunch of people buying stock to drive up the price.

This in turn resulted in the people that shorted the stock to buy back the stock for more money (a loss) further driving up the price.

 

[DeadsetAce]

that's the short squeeze, yep

 

[johnnyredstorm]

It's billionaires trying to bankrupt each other squeezing GameStop, not reddit. They're just the face.

 

[ahat]

Lil fish comin thru with scraps

Its like when whales move the point spread

 

[216c2a]

Should I buy 10k shares of AMC?

If you can afford to lose it all then why not I'm holding ~28k shares

 

[johnnyredstorm]

I'm going to warn you all for the last time. Heed it, go ahead, if not, fine by me, I did my part.

This market is going to have a severe 30% drawdown at minimum soon. Stocks like AMC, GME, etc are completely garbage and will NOT be around in their current capacity in 5-10 years. BB might actually be the only one you could rationalize. If you want to gamble, do you. If you want to trade and have a process and manage risk, profit, do you, that's amazing. If you think you can just blind buy this garbage, wait a day or a week and become rich, you will blow up your entire account. Position size accordingly. Respect stops. DO NOT AVERAGE DOWN ON THIS GARBAGE. Own quality, keep a cash position, gamble with at most 1-5% of your book if you need to gamble. I am under the impression that we topped out, I see all of the euphoric warning signs. I raised cash in my weakest positions to prepare myself for it. I will add to my best stocks at discounts and I will be happy. I want you to be just as happy when that happens, not dead broke and closing your accounts for good. Keep perspective. Stay humble. DO NOT BE A GAMBLER.

All about emotions and staying solvent.

P/E ratios, fibonaccis, none of that matters anymore.

We are in for TROUBLE.

Best of luck.

You were warned.

 

[igotthatstock]

I'm going to warn you all for the last time. Heed it, go ahead, if not, fine by me, I did my part.

This market is going to have a severe 30% drawdown at minimum soon. Stocks like AMC, GME, etc are completely garbage and will NOT be around in their current capacity in 5-10 years. BB might actually be the only one you could rationalize. If you want to gamble, do you. If you want to trade and have a process and manage risk, profit, do you, that's amazing. If you think you can just blind buy this garbage, wait a day or a week and become rich, you will blow up your entire account. Position size accordingly. Respect stops. DO NOT AVERAGE DOWN ON THIS GARBAGE. Own quality, keep a cash position, gamble with at most 1-5% of your book if you need to gamble. I am under the impression that we topped out, I see all of the euphoric warning signs. I raised cash in my weakest positions to prepare myself for it. I will add to my best stocks at discounts and I will be happy. I want you to be just as happy when that happens, not dead broke and closing your accounts for good. Keep perspective. Stay humble. DO NOT BE A GAMBLER.

All about emotions and staying solvent.

P/E ratios, fibonaccis, none of that matters anymore.

We are in for TROUBLE.

Best of luck.

You were warned.

Agreed - but I am putting $20k on BB tomorrow AM.

 

[アミーゴ]

If you can afford to lose it all then why not I'm holding ~28k shares

Put all your money in man don’t hesitate - you saw how much I’ve made in the last 24H

Catch me on Lake Union on the 200 ft all summer BAYBEE

 

[sssstan]

as someone new to trading and watching all this madness from the sidelines, i appreciate your wise words johnnyredstorm

 

[xbiker47]

Agreed - but I am putting $20k on BB tomorrow AM.

 

[アミーゴ]

Agreed - but I am putting $20k on BB tomorrow AM.

LETS GOOOOO

 

[anderson]

this thread straight comedy

 

[DeadsetAce]

アミーゴ gonna have some of y'all missing rent payments and bill due dates soon

 

[igotthatstock]

I am 83% cash right now. 7% Index funds. A bunch of bull**** that has been going sideways this week. F it.

 

[アミーゴ]

アミーゴ gonna have some of y'all missing rent payments and bill due dates soon

Im gunna be SHORTING YOU soon -first thing you learn at BX BAYBEE have cajones and stick to em

 

[noskey]

I am 83% cash right now. 7% Index funds. A bunch of bull**** that has been going sideways this week. F it.

Use some cash on GME puts. To reiterate, the stock went to ATHs by several magnitudes, and my put option became profitable The volatility is INSANE and yeah, JRS is right, these Icarus stocks will be the hardest to crash when the time comes.