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NVDA down 10% holy poo poo
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Feb 5, 2018 21:11
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jvick posted:$GOON. Right after I sold, it's up above $12.00 I just bought some at 10.30 and now its at 14.21. What the everlovering gently caress.
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Feb 5, 2018 21:11
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Cheesemaster200 posted:I am sure this would make a great clusterfuck of an argument in LF or somewhere similar, but I don't see how this justifies a sector representing 20% of the US economy taking a complete poo poo over rumors and speculation that AMAZON!!! might get involved in it. I mean, they were overvalued when you see that the major national companies that hold the purse strings are being out competed by regional not-for-profits and the biotech companies have stopped doing actual science for the most part and instead are focused on marketing and pushing heroin.
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Feb 5, 2018 21:12
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The Dow is down fifteen hundred loving points what is happening
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Feb 5, 2018 21:13
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 FreelanceSocialist fucked around with this message at 21:18 on Feb 5, 2018 |
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Feb 5, 2018 21:15
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I wonder how hard DJT is reeeing and which Democrats he'll blame
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Feb 5, 2018 21:16
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Syrinxx posted:The Dow is down fifteen hundred loving points what is happening that was so hosed. it's now -850 I've never been through a sell off before. at what point do you just sell everything and mitigate your losses, or is it just HODL forever
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Feb 5, 2018 21:16
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greasyhands posted:I trade profitably, but my timing is so unbelievably bad. I bought a bunch of UVXY at 11.22 the other day and it literally immediately tanked to 10. I held on to it and sold it at 16.75 and it *immediately* shot straight up to 22.50 what in the everloving gently caress that hurts Yeah, but a short term ~50% gain is nothing to be upset about. Part of my frustration with this whole healthcare thing is that I bought AMGN a week ago, right before the AMAZON!!! announcement. Mind you I also bought KR right before AMAZON!!! bought WFM as well. I doubled down on KR after they crashed and made a good 35-40% on it in six month. That was actually one of the companies I profit harvested a couple weeks ago to buy AMGN, though luckily I held a chunk of cash back to be conservative. Also, when does the loving Nasdaq significantly outperform the Dow in a panic selloff? Techs are the new safe stocks? quote:I mean, they were overvalued when you see that the major national companies that hold the purse strings are being out competed by regional not-for-profits and the biotech companies have stopped doing actual science for the most part and instead are focused on marketing and pushing heroin. Cheesemaster200 fucked around with this message at 21:26 on Feb 5, 2018 |
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Feb 5, 2018 21:19
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Rocks posted:NVDA down 10% holy poo poo This is Bitcoin's fault, surely
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Feb 5, 2018 21:21
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Rocks posted:that was so hosed. it's now -850 Set stop losses at whatever you feel comfortable. I don't think this is necessarily a panic situation. I watched this happen in real time, it got me pretty scared, not going to lie. 
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Feb 5, 2018 21:23
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jvick posted:Set stop losses at whatever you feel comfortable. I don't think this is necessarily a panic situation. i watched it too.... man that was crazy
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Feb 5, 2018 21:24
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Rocks posted:i watched it too.... man that was crazy My heart is still racing.
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Feb 5, 2018 21:25
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jvick posted:Set stop losses at whatever you feel comfortable. What happened in the last hour is a perfect example of why stop losses are dangerous. A steep drop and just as steep recovery over the space of an hour kills everyone with a stop loss (and is largely fed by stop losses, if I understand it right) but everyone who recognized that's what was happening and held, avoided making an automated market sell order into that steep drop.
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Feb 5, 2018 21:28
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wow
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Feb 5, 2018 21:29
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Jim Cramer screaming about how this is all bogus and fake makes it time to sell it all.
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Feb 5, 2018 21:31
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Untagged posted:Jim Cramer screaming about how this is all bogus and fake makes it time to sell it all. He honestly looks like he's going to explode.
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Feb 5, 2018 21:33
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actually was pretty cool seeing Anderson Cooper and Richard Quest (and another CNN analyst) keeping absolutely cool heads while seeing the market tank like that. must've been intense
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Feb 5, 2018 21:33
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Leperflesh posted:What happened in the last hour is a perfect example of why stop losses are dangerous. A steep drop and just as steep recovery over the space of an hour kills everyone with a stop loss (and is largely fed by stop losses, if I understand it right) but everyone who recognized that's what was happening and held, avoided making an automated market sell order into that steep drop. Yes stop losses are genuinely moronic, so moronic in fact that there have been several attempts to make them illegal
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Feb 5, 2018 21:35
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Why is everything red today?
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Feb 5, 2018 21:45
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More sellers than buyers!
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Feb 5, 2018 21:50
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This is nominally* going to end up as the single worst day in the history of the Dow. *for anyone who doesn't understand percentages.
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Feb 5, 2018 21:53
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Glad I bought some SQQQ and SPXU this morning.
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Feb 5, 2018 21:53
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This lady from Heartland Financial on CNBC has said some of the dumbest stuff I've ever heard
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Feb 5, 2018 21:53
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"It's short-circuiting the narrative from a week ago" "the narrative" I hate everyone
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Feb 5, 2018 21:54
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Is it a crash yet? edit: at least bit coin is going up joats fucked around with this message at 21:57 on Feb 5, 2018 |
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Feb 5, 2018 21:55
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Almost to correction territory. I think we will make it there before the week is out.
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Feb 5, 2018 22:02
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At 40 seconds, what is he even talking about?  https://twitter.com/realDonaldTrump/status/960614513224667136 Josh Lyman fucked around with this message at 22:07 on Feb 5, 2018 |
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Feb 5, 2018 22:03
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Am I the only one who thinks this is a healthy correction and am planning when to buy back in?
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Feb 5, 2018 22:06
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Feb 5, 2018 22:06
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Cheesemaster200 posted:Am I the only one who thinks this is a healthy correction and am planning when to buy back in?
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Feb 5, 2018 22:07
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Josh Lyman posted:Corrections are fine but buying back in at a lower level assumes you have money on the side. Good thing I didn't tie up all my cash in Bitcoin.
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Feb 5, 2018 22:08
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Feb 5, 2018 22:11
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Cheesemaster200 posted:Am I the only one who thinks this is a healthy correction and am planning when to buy back in? Nope, I'm with you.
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Feb 5, 2018 22:12
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I haven't made my annual contribution to my IRA yet and I'm pretty pleased that I procrastinated about it (I wanted to do my taxes first) coz I'm gonna get some cheaper shares, yeah
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Feb 5, 2018 22:12
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Hope you kept some powder dry.
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Feb 5, 2018 22:12
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With TVIX doing what it's doing right now, I wish I had more money that I could invest. I pulled everything out of my investments around the first dip on FEB 1 (bitcoin crash has me spooked) and I was up around 10 percent now I'm up 45%. The bad news is that I only started with 1k. But I'm going to keep trying to turn this money into more money.
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Feb 5, 2018 22:24
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UVXY at 25.50 AH, unreal edit: 27.00 I spent months on this trade, and I was literally hosed in an hour (still very profitable, but I missed out on 6 figures of gains here in the space of an hour) greasyhands fucked around with this message at 22:32 on Feb 5, 2018 |
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Feb 5, 2018 22:24
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joats posted:With TVIX doing what it's doing right now, I wish I had more money that I could invest. I pulled everything out of my investments around the first dip on FEB 1 (bitcoin crash has me spooked) and I was up around 10 percent now I'm up 45%. The bad news is that I only started with 1k. But I'm going to keep trying to turn this money into more money. You would do significantly better if you took all the time spent fretting about the market and spent it looking for a better job, working OT, etc. You've got no money, who cares if it's up 69% or down 4.20%
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Feb 5, 2018 22:28
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GoGoGadgetChris posted:You would do significantly better if you took all the time spent fretting about the market and spent it looking for a better job, working OT, etc. It's fine, I'm fresh out of college and working for a decent firm. This is just to generate the extra income needed to pay off my student loans faster.
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Feb 5, 2018 22:30
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joats posted:With TVIX doing what it's doing right now, I wish I had more money that I could invest. I pulled everything out of my investments around the first dip on FEB 1 (bitcoin crash has me spooked) and I was up around 10 percent now I'm up 45%. The bad news is that I only started with 1k. But I'm going to keep trying to turn this money into more money. Yeah buying TVIX willy-nilly is gonna bite you unless you're using it to hedge. Also paying off your student loans is probably the best way to pay them off faster. I mean $500-$1000 over five to ten years isn't exciting but it's guaranteed. dougdrums fucked around with this message at 22:37 on Feb 5, 2018 |
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Feb 5, 2018 22:32
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