OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

22,078
4,069
Joined Jan 30, 2007
Dumped RKT a month ago, wasn't doing anything, loosing money actually and now this :smh:

EDIT: Now its being halted?
 
22,540
24,349
Joined May 25, 2004
Was gonna say, depending on how cool he is with you / type of guy he is, he may be all about mentoring you. Sounds like he’s about it. Especially since you’re not just trying to leach and get the “secrets”. If you read up on trading and you’re showing that growth & interest (no pun intended lol) it definitely sounds like he wants to mentor you. People (generally) want to see the people they surround themselves with eat too
Nah he’s hyped he’s got someone to talk to about it. He’s sending me charts to study and why he’s buying what.
 
2,150
822
Joined Jun 7, 2012
I was hoping to start a position with Tsla at 680 today didn’t hit maybe tomorrow, I’m all cash right now, best of luck guys
 
72,819
21,573
Joined Apr 4, 2008
Important lesson today to be patient. Didn’t want to wait to get my entry into Lucid and not it’s hitting what would have been my bid.
 
3,739
3,643
Joined Dec 24, 2016
Damn I regret buying the dip today since it just keeps dipping. Maybe just going cash gang for the foreseeable future is the right move.
 
583
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Joined Sep 4, 2020
Based on what?

Why April?
Rising interest rates coupled with bloated equity prices need a few weeks to correct. The stimmy might obfuscate this but I think this is where we are headed. April will come around and more of the economy will open up. Warmer weather and the release of covid restrictions will spur economic activity and the markets will rise again.

I am sitting at about 99% cash and I even pulled my entire retirement account out of equities and into bonds. This was not a lighthearted decision as I have a significant balance in there.

I am not a financial advisor.
 
22,078
4,069
Joined Jan 30, 2007
Started the day, port up 2%, ended the day port down 4%. Talk about a ****ing swing :angry:

SQ, AGTC and GME were the only ones that didn't bleed out. Also half of AAPL gains from yesterday were erased today. Damn.
 

antidope

Supporter
54,229
40,306
Joined Jan 2, 2012
Rising interest rates coupled with bloated equity prices need a few weeks to correct. The stimmy might obfuscate this but I think this is where we are headed. April will come around and more of the economy will open up. Warmer weather and the release of covid restrictions will spur economic activity and the markets will rise again.

I am sitting at about 99% cash and I even pulled my entire retirement account out of equities and into bonds. This was not a lighthearted decision as I have a significant balance in there.

I am not a financial advisor.
:lol: I know these feels.
 
3,315
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Joined Jul 20, 2012
If the market sells off like it did with Covid
That would be excellent want to grab these REIT’s for the low
Since they still payed the same dividend the whole time even with cheaper shares
 
72,819
21,573
Joined Apr 4, 2008
The reality is, when we have Q3 and Q4 earnings that are just as good as they were in covid for tech, people will realize the reopening isn’t bad and we’ll see S&P 5,000 and 15,000-20,000 Nasdaq in 2022. This is annoying, but keep perspective
 
19,078
15,553
Joined Nov 3, 2011
Started the day, port up 2%, ended the day port down 4%. Talk about a ****ing swing :angry:

SQ, AGTC and GME were the only ones that didn't bleed out. Also half of AAPL gains from yesterday were erased today. Damn.
I experienced something similar except I adjusted and set my stop losses early.
 
1,189
1,020
Joined Nov 17, 2013
If the market sells off like it did with Covid
That would be excellent want to grab these REIT’s for the low
Since they still payed the same dividend the whole time even with cheaper shares
That would not be excellent at all.

Y'all are just taken it as a given that we'll see the kind of recovery we saw in 2020 from those Covid lows.

Be careful what you ask for
 
4,831
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Joined Aug 1, 2017
I understand being strategic and buying dips. But rooting for dips to happen? You do understand that hurts the vast majority of people (retirement funds, not actively trading), right? I wouldn’t feel good rooting for that, just to make a little money. There’s ways to make money without having most of the country impacted negatively.
 
48,045
44,958
Joined Aug 6, 2012
I understand being strategic and buying dips. But rooting for dips to happen? You do understand that hurts the vast majority of people (retirement funds, not actively trading), right? I wouldn’t feel good rooting for that, just to make a little money. There’s ways to make money without having most of the country impacted negatively.
Rooting doesn't actually make it happen. If dips happen, people need to be aware of it and play accordingly.
 
4,831
10,913
Joined Aug 1, 2017
It’s still unsavory to read.

Reminds me of the dudes in Vegas who play the no-pass line and root for snake eyes. The whole table loses, but who cares as long as you get yours, right?

I can’t live like that.
 
8,017
12,520
Joined Aug 9, 2014
It’s still unsavory to read.

Reminds me of the dudes in Vegas who play the no-pass line and root for snake eyes. The whole table loses, but who cares as long as you get yours, right?

I can’t live like that.
lol thats a bit different i'd say
no pass line players are actually just better at math :lol:🤷‍♂️
 
72,819
21,573
Joined Apr 4, 2008
It’s still unsavory to read.

Reminds me of the dudes in Vegas who play the no-pass line and root for snake eyes. The whole table loses, but who cares as long as you get yours, right?

I can’t live like that.
Selling is very important for the long term health of the market. Short term pain brings long term pleasure. Long as they are routine, they’re needed and should be appreciated because they allow new buyers to come in. Rooting for a crash because you’re too greedy and foolish to be invested today is a different story.
 
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