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Sweet summer children who don't know the real cold of a bear winter.
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Jul 16, 2021 20:00
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Jul 16, 2021 20:07
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I'd be more worried if I had more than 4% of my money not in index funds or if I actually expected to ever be able to retire anyway.
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Jul 16, 2021 20:13
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Source4Leko posted:I'd be more worried if I had more than 4% of my money not in index funds or if I actually expected to ever be able to retire anyway. Age
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Jul 16, 2021 20:17
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Hell yeah baby added 500 more goon
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Jul 16, 2021 20:19
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Lol retirement Also uhhh https://twitter.com/erinjonesnews/status/1416114982522179597?s=19
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Jul 16, 2021 20:19
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Red posted:Age I'll keep my real thoughts in the climate thread but this is really just for amusement for me and I am almost at the number fidelity says I should be for my age and I just can't bring myself to care.
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Jul 16, 2021 20:23
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Cacafuego posted:
Keep buyin', buyin', buyin' Though the times are tryin' Keep those stonkies buyin', Dollarhide Through plague, Fed and weather Hell bent for leather Wishin' Elon was by my side All the things I'm missin' Lambos, coke and kissin' Are waiting at the end of my ride Move 'em on, pump 'em up Move 'em on, pump 'em up Move 'em on, pump 'em up, Dollarhide Dump 'em out, meme 'em in Dump 'em out, meme 'em in Dump 'em out, meme 'em in, Dollarhide the original "dogies" work too
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Jul 16, 2021 20:23
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at a financial asset manager CEO being named “Dollarhide”
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SPB is my one green stock today. Keep making money in... whatever it is you do. Man I'm bad at research.
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Jul 16, 2021 20:52
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I piled onto CCIV when it dropped to ~$20 over a month ago, was up nearly 9K a week ago, felt great. Then it dipped here and there and I held on, because I thought it would recover, even in the event of a post-merger dip. Fast-forward to today and I've jumped ship at +3K, with the price still dipping lower in real time. "Don't just sit there and watch all the turkeys leave your open trap" meets "cutting your winners and holding your losers would be like starving your flowers to water your weeds." Either way, nobody got hurt taking a profit. On to the next wave...
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Jul 16, 2021 20:59
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Space Fish posted:I piled onto CCIV when it dropped to ~$20 over a month ago, was up nearly 9K a week ago, felt great. Then it dipped here and there and I held on, because I thought it would recover, even in the event of a post-merger dip. Realized profit is the only profit that matters. But it was a fun day watching my plays get more and more in the money as the Hindenburg went down.
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Jul 16, 2021 21:16
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If you guys really are taking a bath when the market is down a few days you really need to look into some bearish hedges. One thing I do is sell cash covered puts of UVXY because if the market takes a down turn it usually means higher volatility. My UXVY puts closed at 50% profit today with 35 days left on them, I usually buy around 45 days left to expiration. So I can throw some more on and wait for everyone to stop trading and get hosed of course.
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Jul 16, 2021 21:24
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BigPaddy posted:If you guys really are taking a bath when the market is down a few days you really need to look into some bearish hedges. One thing I do is sell cash covered puts of UVXY because if the market takes a down turn it usually means higher volatility. My UXVY puts closed at 50% profit today with 35 days left on them, I usually buy around 45 days left to expiration. So I can throw some more on and wait for everyone to stop trading and get hosed of course. The 0dte puts I grabbed as the other leg of my SPY straddle worked really well when things tanked after Powell talked but I stupidly thought that was the end of the bad times and now have a ton of naked exposure to these past couple bad days. She usually bounces back and it's all gambling money. Oh well, still learning.
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Jul 16, 2021 21:29
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I didn’t really actively trade much at all this week and it’s easily my worst week ever. Down 11% and aside from CLF nothing stands out as the culprit.
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Jul 16, 2021 21:30
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I'm checking in on a couple of my long term bets as of late. XPENG passed a self-driving test with flying colors with its P7 model. quote:...equipped with 31 autonomous driving sensors powered by the Xavier System-on-Chip supercomputing platform, 5 high-precision millimeter wave radars, 12 ultrasonic sensors, 4 autonomous driving surround-view cameras, 10 autonomous driving high-sensitivity cameras and sub-systems, supporting its meter-level high-precision positioning system. Gadgets!  Quick Google EV sedan retail price estimate: Xpeng P7 $33-50k. Tesla Model 3 $39-57k. Nio's cheapest sedan offer: Nio ET7 $69k+ There are pretty positive reviews for Xpeng from Zacks. quote:The consensus estimate for 2021 earnings and sales indicates year-over-year growth of 40.9% and 58.8%, respectively. Money!  So why does the stock price suck?  Maybe it's because they sold their cars on Alibaba during Singles Day and ate the wrath of the PRC. Cyber Sandwich fucked around with this message at 21:50 on Jul 16, 2021 |
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Jul 16, 2021 21:42
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nice to have a mix of longs and puts right about now I took profit on $LEVI midday and got myself a long-dated $CVNA carvana put used car prices have effectively peaked: https://publish.manheim.com/en/services/consulting/used-vehicle-value-index.html ...and detroit's auto production is gonna ramp up further as the semi shortage goes away in 2H20. CVNA will have great revenue in 2Q, but once again probably no profit, and they're gonna be bagholding a lot of expensive cars at the peak since they buy-at-any-price to drive their revenue growth story. So in 3Q, q/q sales growth will suffer (or contract), and profit will implode. Wall Street will see this coming and act accordingly. CVNA having a market cap larger than KMX (Carmax) is nonsensical. Also, this is a play on the delta variant. If delta lockdown fear spreads, people aren't gonna be racing out to spend top dollar on used cars. Or at least these 'reopening' stocks will get punished.
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Jul 16, 2021 21:43
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But... But Fridays are supposed to have Power Hour 
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Jul 16, 2021 22:02
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pmchem posted:nice to have a mix of longs and puts right about now Fascinating DD, thanks for sharing. Makes me wish I traded options lol Yeah it was a tough red week but at least my baby MRNA absolutely crushed it the last few days on news it will be added to the S&P500 soon. It was the first stock I purchased after inheriting a small brokerage account and it’s still been my best performer so far 
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Jul 16, 2021 22:31
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BigPaddy posted:If you guys really are taking a bath when the market is down a few days you really need to look into some bearish hedges. One thing I do is sell cash covered puts of UVXY... I agree, with municipal/treasury bonds as my hedge. Options look like a bullet train to the red zone, though I could always stand to learn (if not lose) more.
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Jul 17, 2021 02:20
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Fireside Nut posted:Fascinating DD, thanks for sharing. Makes me wish I traded options lol I could have joined them in 2013 but nooooo, I had to stay focused on antibodies. FML
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Jul 17, 2021 03:36
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I’m holding THCB at the moment. Do I have to do anything for my shares to become MVST when they merge, with the vote possibly next week? Or do they just “become” MVST shares when the merger goes through?
Cacafuego fucked around with this message at 23:25 on Jul 17, 2021 |
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Jul 17, 2021 23:23
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My IPOE turned into SOFI the next day Based on what I've read in this thread, if you have E-Trade, they're gonna charge you a $38 reorg fee I held my IPOE in Robinhood and it just transmogrified with no fee
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Jul 17, 2021 23:32
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Found this site that tracks redditors track record on stock calls. Thought it was pretty interesting: https://www.markovchained.com/
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Jul 18, 2021 05:12
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Straddle/strangle play at open tomorrow?
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Jul 18, 2021 22:16
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So, with the olympics about to collapse due to rampant covid, as well as spiking worldwide infections due to lower than expected vaccination rates I’m wondering if we’ll have a small (er) drop that echoes March 2020. Perhaps buy puts? Perhaps keep some cash to dump into fire sale stocks? What’s everyone’s plans for the next few months if there’s another drop like last year? I know we won’t be locking down again, but part of me feels the market will drop due to fear.
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Jul 18, 2021 23:10
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Cacafuego posted:Perhaps buy puts? Perhaps keep some cash to dump into fire sale stocks? already partially repositioned to both those strategies this is a good chart to pay attention to https://ourworldindata.org/explorer...PRT~SWE~IDN~AUS could be a lot of bad headlines this week both related to earnings and to covid. should be interesting.
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Jul 18, 2021 23:22
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pmchem posted:already partially repositioned to both those strategies That graph looks cool but drat, I don't think they could have chosen a duller color palette.
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Jul 18, 2021 23:34
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Cacafuego posted:So, with the olympics about to collapse due to rampant covid, as well as spiking worldwide infections due to lower than expected vaccination rates I’m wondering if we’ll have a small (er) drop that echoes March 2020. I have no data but I feel like everybody is nervous and anticipating a correction so bad news followed by a drop may just start a wave of panic selling. Most likely we'll just set new highs.
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Jul 18, 2021 23:58
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Unless covid infects like Biden or something I don't believe we'll ever see another covid stock market drop. With that said I have our small little business that contributes a bit to retirement every month and if there is a big drop I'll shovel in a larger amount when the drop happens instead of Q4 like I usually do.
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Jul 19, 2021 02:55
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 With OPEC+ raising oil production, I don't see additional COVID lockdowns.
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Jul 19, 2021 03:26
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tangy yet delightful posted:Unless covid infects like Biden or something I don't believe we'll ever see another covid stock market drop. With that said I have our small little business that contributes a bit to retirement every month and if there is a big drop I'll shovel in a larger amount when the drop happens instead of Q4 like I usually do. Foxtrot strain wiped out 69% of the world population. I log in to vanguard from my underground bunker. "Up 420% over the last month, I see. Must've been priced in."
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Jul 19, 2021 03:28
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Covid-21 wipes out everyone but weirdo shut-ins who never go outside. We check the news to see if there's anything about the NDRA FDA approval.
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Jul 19, 2021 03:35
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The mutations stop with the "goon variant," which is easily treated when detected in the liver. $GOON immediately plummets, as this is the fabled news to sell on.
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Jul 19, 2021 04:52
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cr0y posted:Straddle/strangle play at open tomorrow? A "Texas two-step bankruptcy", are you making GBS threads me? That's the real loving name for this maneuver? What sort of limits are there for how small they can make this new entity that is responsible for all the liability? Just "don't push it tooooooo far"?
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Jul 19, 2021 06:34
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Since SAVE stock is so low should I buy a share or two more? I can't imagine it saying under $26 long term.
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Jul 19, 2021 09:00
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Degen gambled on leverage into VIX futures last night and up 60% as a result, ymmv but can see more blood ahead
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Jul 19, 2021 13:03
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Maybe I should flip to puts at open and save the entire market for your guys.
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Jul 19, 2021 13:22
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When my small cap put expired just barely out of the money on Friday this was inevitable. Every single time with puts.
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Jul 19, 2021 13:25
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Surely today will be the bottom 
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Jul 19, 2021 14:04
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Subvisual Haze posted:When my small cap put expired just barely out of the money on Friday this was inevitable. Every single time with puts. how?? lol they've been getting slaughtered for like two weeks lol
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Jul 19, 2021 14:08
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