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melon cat posted:
Be careful with that though. That kind of mindset can easily lead you to sell your winners for small gains and ride your losers straight down into hell.
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Nov 23, 2017 17:43
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paternity suitor posted:Be careful with that though. That kind of mindset can easily lead you to sell your winners for small gains and ride your losers straight down into hell. 
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Nov 24, 2017 15:43
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melon cat posted:Isn't I'm up 43% this year so unironically agreed
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Nov 24, 2017 17:06
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paternity suitor posted:I'm up 43% this year so unironically agreed Wtf...
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Nov 24, 2017 22:13
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melon cat posted:Isn't Heck yeah, buddy! Stock trading has allowed me to add a side of gambling to my interest in Current Events/Geography. It feels ridiculous that I can do this but who cares, I've been profitable so far which means I've got hot hands and can't lose gonna own a full-floor condo in no time
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Nov 24, 2017 22:23
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vaginal facsimile posted:Wtf... 2013-2015 I was also up over 40% 🤷🏻♂️ Last year was only 26%
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Nov 25, 2017 00:37
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I am tempted to pick up some jd.com shares. It has an aggressive valuation, but their year-over-year growth seems to be really drat good, and if any country has room for two Amazon-sized online retail companies it's China. Both Walmart and Tencent have invested in the company, and I just have a feeling that it will continue to do well over the next five years as online retail grows. Any thoughts? Also, what the hell is going on with these cryptocurrency rocket ships? I have seen some crazy price spikes in the past couple of weeks on joke businesses that have revenue under $100,000 per annum. WTF? LLCoolJD fucked around with this message at 01:38 on Nov 25, 2017 |
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Nov 25, 2017 01:36
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LLCoolJD posted:Also, what the hell is going on with these cryptocurrency rocket ships? I have seen some crazy price spikes in the past couple of weeks on joke businesses that have revenue under $100,000 per annum. WTF?
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Nov 25, 2017 01:45
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Edit: somehow posted in the wrong thread 
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Nov 25, 2017 01:46
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Josh Lyman posted:What are some of the names? I will buy a half position so the thread can vicariously experience a likely stupid trade. RIOT, MARA, XNET. RIOT ("Riot Blockchain, Inc."), for instance, rebranded recently from a medical device company or something like that. Edit: https://www.bloomberg.com/news/articles/2017-11-24/blockchain-is-latest-pixie-dust-for-stocks-driving-up-riot LLCoolJD fucked around with this message at 01:59 on Nov 25, 2017 |
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Nov 25, 2017 01:52
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That GBTC rocket ship seems to be blasting off past NAV again.
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Nov 27, 2017 21:45
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Aaaand there's the SQ correction. Down $7 from its high. On one hand, it sucks to see one of your better shares lose value, but on the other hand it's nice to see some sanity and correction in a stock that you're holding for the long term. loving tech stocks, man.
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Nov 27, 2017 22:26
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melon cat posted:Aaaand there's the SQ correction. Down $7 from its high. On one hand, it sucks to see one of your better shares lose value, but on the other hand it's nice to see some sanity and correction in a stock that you're holding for the long term. WOW! I didn't even look at it today since I got out. I'd probably get back in in the mid-30s if it gets there.
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Nov 27, 2017 22:53
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I know there are plenty itt that are toking the $WEED, but I bought into Aurora around a month ago, and there have been zero regrets.
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Nov 27, 2017 23:43
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I bought more weed today, I hold a smaller portion of mjn because kosher weed possibilities  but really all the micro caps will be acquired in a flurry of m&a. Shop is back also in case anyone forgot about them.
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Nov 28, 2017 01:09
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Risky Bisquick posted:I bought more weed today, I hold a smaller portion of mjn because kosher weed possibilities I bought into weed (well, specifically HMMJ) with frickin' impeccable timing (Oct 27). Then sold at +10% shortly after, figuring it would probably give that back. It's now at +40%. Shasta.
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Nov 28, 2017 01:27
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I loving love weed. Never touch the stuff, but I loving love weed. And I thought I bought in late!
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Nov 28, 2017 03:12
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LLCoolJD posted:RIOT, MARA, XNET. looked like the Party was over today. even in AH these guys going down.... on watch tomorrow lets hit that morning dump & violent bounce  esp $MARA gogogogoo
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Nov 28, 2017 03:14
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Jack Daniels posted:looked like the Party was over today. even in AH these guys going down.... on watch tomorrow lets hit that morning dump & violent bounce We are now in the deathwatch for at least some of these pump and dump crypto/blockchain stocks. MARA is down 30% after hours, and I bet it falls closer to its rightful place at ~$1.40 in the morning. Hell, even a legitimate business like SQ got pounded today on criticism of its recent bitcoin-inspired rally. In other news, I'm eager to see the result of the Senate's tax bill vote. It looks like it could happen as early as this week. Once that's happened it'll remove some of the uncertainty from the market.
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Nov 28, 2017 04:00
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Solice Kirsk posted:That GBTC rocket ship seems to be blasting off past NAV again.  melon cat posted:Aaaand there's the SQ correction. Down $7 from its high. On one hand, it sucks to see one of your better shares lose value, but on the other hand it's nice to see some sanity and correction in a stock that you're holding for the long term.
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Nov 28, 2017 04:17
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I got out at 47.50 Lost most of that on YINN today tho lol
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Nov 28, 2017 04:26
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Canadian Justice Minister's heart is in the right place Article: House passes marijuana legislation, bill moves to Senate From: CTV News quote:Prior to the vote, Justice Minister Jody Wilson-Raybould said Commons approval of Bill C-45 marks an "important milestone" in the government's plans to keep pot profits out of the hands of organized crime and marijuana out of the hands of kids.
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Nov 28, 2017 06:46
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Accretionist posted:Canadian Justice Minister's heart is in the right place
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Nov 28, 2017 07:06
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I touched the poop, trying to trade GBTC. It is already backfiring.
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Nov 28, 2017 21:08
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A MIRACLE posted:Lost most of that on YINN today tho lol Good lord, don't touch that stuff. The Chinese stock market is a black box filled with lies and bullshit. Might as well be completely random. Also "Chinese stock market" is a hilarious concept in and of itself, much like "Russian Olympic Anti-Doping Committee". 
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Nov 28, 2017 21:40
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Looks like VERI just got some good news. https://finance.yahoo.com/news/veritone-among-first-recognized-aws-200000833.html Haven't decided if I want to jump in now and ride it out for a few years. edit: Eh, bought 100 shares. We'll see how this goes. Got in at 26.51, so we can all laugh at me when this explodes in my face. Solice Kirsk fucked around with this message at 21:57 on Nov 28, 2017 |
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Nov 28, 2017 21:45
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So I just did my quarterly portfolio review, and my average weekly correlation is at the lowest I have ever seen it. I think it is an interesting metric because it exhibits the expanding gully between the "have's" and "have not's" in the market. In other words, there are a group of stocks doing really well, and the rest of the market doing mediocre to lovely. The continuing rally may be backed by fundamentals on a few big names who are moving indexes, but is that really matched for the majority of underlying components? It is almost kind of analogous to society as a whole...
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Nov 28, 2017 22:50
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Cheesemaster200 posted:So I just did my quarterly portfolio review, and my average weekly correlation is at the lowest I have ever seen it. I think it is an interesting metric because it exhibits the expanding gully between the "have's" and "have not's" in the market. In other words, there are a group of stocks doing really well, and the rest of the market doing mediocre to lovely. The continuing rally may be backed by fundamentals on a few big names who are moving indexes, but is that really matched for the majority of underlying components? It is almost kind of analogous to society as a whole...
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Nov 28, 2017 22:57
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Josh Lyman posted:Did you calculate a correlation matrix of your positions using weekly returns? Yeah, anything more than that crashes google sheets.
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Nov 28, 2017 23:39
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Josh Lyman posted:I touched the poop, trying to trade GBTC. nooooooo   
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Nov 29, 2017 02:26
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boycottmodernwarfare2.jpg anyone looking to buy EA?
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Nov 29, 2017 02:38
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Everyone says to buy low, which kind of makes sense. But the low stuff is actually worth less. If it's high, shouldn't it be likelier going higher? Like if the market already said this stuff is worth more and that stuff is worth less, shouldn't you buy something inherently more valuable? Just my two shares, still learning but BTC has been paying off so I'd thought I'd dabble.
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Nov 29, 2017 15:02
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anne frank fanfic posted:Everyone says to buy low, which kind of makes sense. But the low stuff is actually worth less. If it's high, shouldn't it be likelier going higher? Like if the market already said this stuff is worth more and that stuff is worth less, shouldn't you buy something inherently more valuable? Just my two shares, still learning but BTC has been paying off so I'd thought I'd dabble. The point of "buying low" is that the stock shouldn't be low. Sometimes the market is wrong and you Some stocks are expensive compared to their financials, but they pay good dividends and so people like to own them. Some stocks are likely to keep their value barring a financial meltdown, so they come at a premium. Some stocks are expensive because people are speculating like crazy. "Worth" has nothing to do with it. It depends a great deal what your purpose in buying the stock is. Do you want a valuable stock that will keep its value long-term, maybe appreciate with the market and pay you dividends? Or do you want to gamble? Phil Moscowitz fucked around with this message at 16:31 on Nov 29, 2017 |
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Nov 29, 2017 16:28
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Google finance finally dropped portfolios
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Nov 29, 2017 16:30
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CloFan posted:Google finance finally dropped portfolios Yeah the new interface is pretty horrid. Anyone have a good free replacement? I'd like to have multiple portfolios, with cash positions, and no limitation on the number of equities or funds in each portfolio (just like Google).
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Nov 29, 2017 16:32
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It would be interesting to take a poll on where you guys think the market falls as far as rational pricing - there's the old yarn about a Chicago economist not stopping to pick up a dollar on the street "because if it was real someone would have picked it up already" level of market rationality all the way through "animal spirits" irrationality, largely en vogue right now with Thaler's recent Nobel for behavioral economics. I tend to favor the latter, although that's mostly a product of my era. My finance professors lean quite a bit harder toward the former, and in fact I had one dress me down in class for "buying the hype" about the latter.
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Nov 29, 2017 17:09
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I associate "animal spirits" more with Shiller than Thaler. I mean, he even wrote a book with that title. Asset prices feel a bit bubbly as they have for most of the year now. I'm not ready to go short yet though.
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Nov 29, 2017 17:20
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Major sell off in the NQ today. AMZN, FB, ADBE, NFLX, SQ all getting killed. And for some reason V is down $4. For those who say you never see a pullback in V, now's your chance I guess.
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Nov 29, 2017 17:30
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Josh Lyman posted:I associate "animal spirits" more with Shiller than Thaler. I mean, he even wrote a book with that title. Same person, basically, lol. I mean tbf "animal spirits" is actually Keynes, but yeah. I trust you endorse that line of thinking about markets, then? Kahneman, Thaler, Modigliani, Shiller.
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Nov 29, 2017 17:45
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The price of anything is dictated by what someone else is willing to pay for it. It seems like a simple and obvious concept, but that is what intrinsically drives markets. Therefore, it can logically be determined that all prices are behavioral based. The question is what ultimately drives that behavior. The efficient market camp would say that decisions are based off "rational" decisions; defined by actions that are always made in the interest of maximizing individual return and/or minimizing risk. The behavioral camp would argue that people make decisions based upon irrational reasoning; such as wanting to watch the world burn, or because they have an idealistic belief they want to act on. The line between the two is fuzzy, because many times we want to write off market movements as "irrational" because it doesn't meet a personal test of valuation; like fundamentals, technical analysis, etc. However that doesn't necessarily mean that the people behind that market movement are acting irrationally. I personally think Tesla is horrifically overvalued, but if everyone invested in Tesla truly believes the current valuation is justified and are looking to maximize their return, then that price is quite rational. However, if everyone is buying into Tesla because they want to see electric cars succeed regardless of their financial well being, then I would argue that is an irrational valuation. That's how I view it, though I am sure many others have different opinions on what defines a "rational" decision.
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Nov 29, 2017 17:47
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