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Uranium 235 posted:most of you in this thread have no edge and the difference in your results is just natural variance. if you aren’t working toward the specific goal of finding some kind of edge (that gives you a positive expectancy over the long run) then you’re wasting your time and money Since the beginnings of the meme stock poo poo this thread has turned into "it's just fun money ha ha I don't actually try this is all just fun" thing where everyone's proudly losing smallish amounts of meaningless money. For the life of me I can't understand why anyone would invest time and energy in something like that but that's what people are into now. I've recommended just regular gambling if that's an itch that needs scratching, it seems like it'd be more fun to me.
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Jul 4, 2021 15:36
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At least if you go lose it at a casino you get comped at the buffet.
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Jul 4, 2021 15:41
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If you gamble enough at a casino they'll give you free rooms! Sometimes even free cruises! There are special clubs where you get free single malt scotches and sushi. It's good to be friends with degenerate gamblers
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Jul 4, 2021 15:51
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A HORNY SWEARENGEN posted:It's loving bananas that DPLS was my best performer ever and it was a sub-sub-penny stock, and AMC was second. DPLS probably has legs to go farther on sentiment alone, but I don't really want to have any involvement in that field. PHIL is probably a bust. GYST is a trash stock (bitcoin mining), but the swings look pretty predictable. NGPHF is a bit more expensive, but I think it has a good outlook in a needed field, and has regular swings you can count on. There's also LMRMF (lomiko.com) if you want a cheaper version, but that doesn't bounce as much. I still have a little GSV for a longer hold; you can very easily buy at .55 and sell at .60 and up. It sounds like what you should do is use a penny stock screener, and cross reference some random tickers with Stocktwits to see which have a lot of posts. The popular ones will at least have enough volatility you can ride a few bounces. Red fucked around with this message at 18:32 on Jul 4, 2021 |
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Jul 4, 2021 18:27
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the $DIDI (uber of china) IPO is going well https://twitter.com/crockercoulson/status/1411668741751021570?s=20 https://twitter.com/Jkylebass/status/1411772606114668546?s=20 lol, hope nobody bought into that massive transfer of wealth from western wallets to china I currently have no chinese exposure in any stocks or funds and it's so... less stressful than otherwise. plus their returns have been poo poo lately anyway.
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Jul 4, 2021 20:46
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Everyday my choice to never invest in China is justified.
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Jul 4, 2021 21:50
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I will not claim to have an edge, but will 100% agree that people should try getting into holdem or something instead if they’re getting melted trying to play meme stocks. In poker you can actually make mathematically sound decisions and play profitably(usually after a long time of losing) and it’s a more fun way to gamble and easier to learn. Posting in a thread like this saying “lol what do I buy Tuesday guys?” Just seems goofy to me. poo poo sometimes you’ll have a 3 month long swing for no reason and wind up +1000%!
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Jul 5, 2021 01:01
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Gaius Marius posted:Everyday my choice to never invest in China is justified. Remember Luckin Coffee?  Yeah Chinese stocks are too risky for me these days.
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Jul 5, 2021 04:06
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Get back to work, America. Your holiday was yesterday.
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Jul 5, 2021 08:59
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Tetramin posted:I will not claim to have an edge, but will 100% agree that people should try getting into holdem or something instead if they’re getting melted trying to play meme stocks. Jesus’s loving Christ, today I skip to the end of the stonk thread and see the smartest thing I ever ever read about investing. I meant it’s the thread title and all, but I’m a Robinhood newb who beat the market at %15 or so since February because I just payed attention. People are getting too wrapped up in their hopes and dreams to see what’s happening right in front of them. Robinhood is fast, check it like it’s Pokémon go and dump stock that’s falling. How do you lose?
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Jul 5, 2021 19:34
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Solvent posted:Jesus’s loving Christ, today I skip to the end of the stonk thread and see the smartest thing I ever ever read about investing. do not succumb to hubris
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Jul 5, 2021 19:46
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Solvent posted:Jesus’s loving Christ, today I skip to the end of the stonk thread and see the smartest thing I ever ever read about investing. this will never not be funny. Every time someone posts it it's funny.
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Jul 5, 2021 20:00
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Pfff maths is for nerds I am taking all my money and putting it into scratch cards. Which probably have similar returns to penny stock day trading.
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Jul 5, 2021 20:19
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If you guys feel really bad about your P&L% I would recommend joining another app I went from Robinhood to Webull and after AHT, I’m looking for my next one
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Jul 5, 2021 21:37
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Solvent posted:How do you lose? Alt thread title
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Jul 5, 2021 22:43
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Solvent posted:Jesus’s loving Christ, today I skip to the end of the stonk thread and see the smartest thing I ever ever read about investing. 5
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Jul 5, 2021 22:51
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loving LOL I hate what meme stocks have done to this thread
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Jul 6, 2021 07:01
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Uranium 235 posted:btw for anyone interested in swing trading, check out qullamaggie's website https://qullamaggie.com/ and after that his twitch stream (he streams most days for 1-2 hours at the market open). he's probably going to end up becoming a billionaire in a few years and he teaches his stuff for free on his stream so it's worth taking a look at imo. he doesn't sell anything, and it's pretty rare that a successful trader puts out this much content without it being a funnel into some kind of paid service Thanks for sharing this. I'm trying to learn stuff and this looks like a good way. What kind of data feeds do you use to analyze trends and look back at historical data? TC2000 looks good but it's a bit expensive for a newb I think, or is it really that good? I could get something relatively cheap on IB in comparison at 6USD/month but I'm not sure it's as good? I looked at their app and I'm not sure it's as customizable, namely I couldn't manage to get the Average Daily Range which looks like an important metric. Any other platform worth looking at?
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Jul 6, 2021 08:51
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Le0 posted:Thanks for sharing this. I'm trying to learn stuff and this looks like a good way. What kind of data feeds do you use to analyze trends and look back at historical data? TC2000 looks good but it's a bit expensive for a newb I think, or is it really that good? IB has a solid reputation. I don’t use it but know lots who do Thinkorswim has great charts that you can use for free, and their paper trading is good TradingView is good and web-based. You can get a lot out of a free account. It has a user-created ADR indicator but you may not be able to use that with a free account—I can’t remember what the limitations are since I’ve been a paid user for years Never used TC2000 so not sure what advantages it has over the others, but one thing I do know is that it has a built in scanner that is highly customizable and very useful. Qullamaggie learned from stockbee https://stockbee.blogspot.com/?m=1 and I believe it’s stockbee who taught qullamaggie to use TC2000. He’s a big proponent of using customized scans to find top performing stocks and studying their charts to learn how to find the future top performers. If you look at his website or Twitter account you will see what I mean With all this said, I have never seriously tried to learn the way those two trade. But I do admire them as traders and think their style is a good fit for people who are more disposed toward swing trading (vs intraday trading like I do) Uranium 235 fucked around with this message at 13:33 on Jul 6, 2021 |
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Jul 6, 2021 13:28
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Just set a sell order for my 200 shares of AHT to execute once the market opens. Avg cost was $5.60. Not the most expensive lesson but does not feel good to watch. Think its time to gently caress off from meme stocks and instead look at some ETFs. Edit: Of loving course the price jumps up a bit after the sell order executed. Fake James fucked around with this message at 14:52 on Jul 6, 2021 |
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Jul 6, 2021 14:09
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quote:AMC Entertainment has tabled a proposal that would have asked its shareholders to allow the movie theater chain to issue up to 25 million more shares. https://www.cnbc.com/2021/07/06/amc-says-wont-seek-shareholders-approval-to-boost-shares-outstanding.html
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Jul 6, 2021 14:09
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I bought some protective puts on AHT but it's not a bloodbath at all right now.
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Jul 6, 2021 14:51
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For all those who have been stung by AHT, first off, examine why you (I) invested. For me it was plain greed, chasing momentum. The silver lining is that this loss will let me harvest some gains in other trades that have stalled. I can pull money out of those and diversify with no tax implications. It still sucks to take a loss, but now I'm more diversified.
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Jul 6, 2021 14:52
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Joiny posted:I bought some protective puts on AHT but it's not a bloodbath at all right now. It's not a bloodbath right now because it started the day having dropped some ~25% in value.
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Jul 6, 2021 15:03
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The prediction was that it would open and shoot down as literally everyone sold.
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Jul 6, 2021 15:05
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yeah, i'm out on that. gonna take a break on the stonks for a bit and reevaluate i think
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Jul 6, 2021 15:13
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I'm touching the didi poop, on the theory that this is the CCP flexing on a new publicly traded company and not actually a serious issue.
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Jul 6, 2021 15:16
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ranbo das posted:I'm touching the didi poop, on the theory that this is the CCP flexing on a new publicly traded company and not actually a serious issue. there's no ground floor
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Jul 6, 2021 15:26
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AHT.
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Jul 6, 2021 15:36
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Toalpaz posted:there's no ground floor 0 is a floor 
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Jul 6, 2021 15:58
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Woke: Dumped my SPY calls at open for 115% ROI Broke: Dumped my dead husk of ASTS calls that almost immediately saw a 10% move upwards in the underlying after I sold  E: Woah what happened to AHT?
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Jul 6, 2021 16:01
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Why stop at 0 when there's margin baby
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Jul 6, 2021 16:01
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lol, America opens up and the entire world is dropping with it. And Europe was just getting into green territory too for the day.
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Jul 6, 2021 16:04
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You get the feel that memestock hype is dying out and small caps in general are retreating with them. Money seems to be seeking safety in the (already overpriced) mega-cap growth tech stocks.
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Jul 6, 2021 16:09
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cr0y posted:E: Woah what happened to AHT? and the last horse crosses the finish line
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Jul 6, 2021 16:09
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Deviant posted:and the last horse crosses the finish line Follow me for more hot stock tips I just buy, wait for them to go up, and then sell.
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Jul 6, 2021 16:16
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One nice thing about options gambling is that I do expect some of my bets to go to zero, so my few $7.5 calls on AHT would have wound up being worthless at any price under $7.5. This makes a huge drop less painful because hovering around $5/$6 was just as bad as dropping to $2. At least this is what a degenerate gambler like me tells himself. On to SPY calls!
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Jul 6, 2021 16:16
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John F Bennett posted:lol, America opens up and the entire world is dropping with it. And Europe was just getting into green territory too for the day. Meanwhile: AAPL was 17 cents off of an all-time high earlier this morning
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Jul 6, 2021 16:18
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cr0y posted:E: Woah what happened to AHT? 10:1 reverse split AND share dilution simultaneously Then for good measure they had Bane explode several of their properties and the CEO did a Papa John while pledging loyalty to ISIS.
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Jul 6, 2021 16:18
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A HORNY SWEARENGEN posted:10:1 reverse split AND share dilution simultaneously Everybody’s freaking out over a 40 million share dilution but they just announced a different 40 million share dilution June 21 and that one was ok. This one’s actually less dilutive when you think about it!
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Jul 6, 2021 16:46
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