Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[Goat Milk]

I talked to a financial adviser today, he said to stop betting money on stocks, he said just put 6 grand in a roth every year and put it on an index fund and take it out in 25 yrs.

Said if I continue to pick individual stocks, even if I'm good, I won't even beat the index by that much over the long term.

Thoughts?

All the stocks that have been mentioned in this thread have been straight gutterballed last 6 months.

Even the big boys like tesla.

[Goat Milk]

Dow up big today but I see a drop tomorrow once investors finally realize we are in another recession/borderline depression. Those stimulus checks cost the govt trillions. Buy commodities.

What do you suggest?

[Goat Milk]

Dow up big today but I see a drop tomorrow once investors finally realize we are in another recession/borderline depression. Those stimulus checks cost the govt trillions. Buy commodities.

I'm already down huge on the year on every single stock. Every energy play, ev, everything has been hammered. It's impossible to get out now.

[Iona]

[Slurry Pumper]

I talked to a financial adviser today, he said to stop betting money on stocks, he said just put 6 grand in a roth every year and put it on an index fund and take it out in 25 yrs.

Said if I continue to pick individual stocks, even if I'm good, I won't even beat the index by that much over the long term.

Thoughts?

All the stocks that have been mentioned in this thread have been straight gutterballed last 6 months.

Even the big boys like tesla.

There's something to be said about sticking with the main ETFs in a roth IRA and not touching it. The notion that you will barley beat the market by buying individual stocks is wrong however. I would suggest that you pick some stocks and stick with them. By that I mean watch them everyday and learn to spot the signs of trend changes so that you can go long or short on short term basis.

That's pretty much what I do on a daily basis with the SPY. On any given week I day trade the UPRO and SPXU holding for just a short couple of hours most of the time. I do markedly better than the normal SPY on a average year. This last year does not count however because we all knew the market was going to be inflated with free money and the FED games. Going forward the SPY, QQQ, and other indexes wont just be able to go up. They will have a more up an down roller coast feel to them.

[KVB]

Check it Slurry, we have a perfect bounce on the 100 SMA and have broken through the 50 SMA and upper resistance line of our range. The 10 SMA crossed above the 20 SMA. representing a BUY signal, right as we ran up yesterday.

Today's plays or underway with Pit +151 and LAA +143...

[trobin31]

There is no doubt for an average person dollar cost averaging into an ETF will win in the long run.

if you are slightly on the spectrum, ability to laser focus and enhanced abilities to spot patterns then trading will make you extremely wealthy. If you suck at science and math then yes stick to SPY/VOO, I mentioned before but backtested MTUM is the best performing ETF.

[Wilfred]

If you’re into possible high rewards in the next month look at TRCH. Huge chance it could skyrocket the next month if their vote goes through with a nice dividend. Or it could go to zero.

[trobin31]

Stayed in TNA calls, sold my TQQQ a day or two too soon. Got TSLA calls Friday morning, I’ll probably be out by Tuesday/Wednesday.

Seeing a possible breakdown in energy short term, which I am a buyer of any weakness, same as financials.

if I had to speculate responsibly $CLOV and $JD could tear the top off earnings and already trading at massive discounts.

[homie1975]

Buy and hold is a long-term passive strategy where investors keep a relatively stable portfolio over time, regardless of short-term fluctuations. Buy and hold investors tend to outperform active management, on average, over longer time horizons and after fees, and they can typically defer capital gains taxes.

[Goat Milk]

Buy and hold is a long-term passive strategy where investors keep a relatively stable portfolio over time, regardless of short-term fluctuations. Buy and hold investors tend to outperform active management, on average, over longer time horizons and after fees, and they can typically defer capital gains taxes.

Buying and holding biotech stocks has been one of the worst investments decisions of my career. Now I'm stuck with them.

[homie1975]

Buying and holding biotech stocks has been one of the worst investments decisions of my career. Now I'm stuck with them.

that's why that dreaded D word that many dislike: DIVERSIFY

in biotech/healthcare I own small chunks of LLY, MRNA, ABT, UNH but i do not go crazy in this sector because we know how volatile it is and how dependent on research and approval, trial and error, etc etc etc. just an inherently volatile industry.

the BIB ETF has peaked twice since 2015 so you will have your chance again to sell "high".

[Slurry Pumper]

If I were to buy and hold, I would be looking for a diversification structure to my investments from several sectors. I also like some dividends coming my way every once in a while. Biotech stocks are usually on the cutting edge of technology and thus can be big winners but most likely big losers over time. It is hard to take a great idea from start to finish in a publicly traded company which is where most biotechs start. There has to be the innovation, funding, management, regulation compliance, etc... that's allot for a company to overcome and the right mix of people is essential.

[Slurry Pumper]

So starting off a little down this morning. Is this dead cat over. I don't think so. The Trick Trap fool and Fuk You gang is at work here. Friday's close was just cents away from filling the gap from Tuesday's close last week (418 SPY). I think they will find a way to get there after an early morning shake down.
I think they may run a test of Friday's low around 413 on the SPY, and closing candles especially hourly ones below that would mean that the bulls squandered the chance and the bears would be in control.
I'll be holding dry powder until the morning turn around and then I'll hit the UPRO.

[trobin31]

Finally finished my taxes today, it is not pretty...Uncle Sam is going to clean up this year...how can we get call options on the IRS?

[Slurry Pumper]

Finally finished my taxes today, it is not pretty...Uncle Sam is going to clean up this year...how can we get call options on the IRS?

If you're paying today instead of collecting some money back, you did it right because you get to use their money for the last 5 months instead of them using your money for that time period.

[ex50warrior]

Metals and oil moving along nicely....

[trobin31]

metals and oil moving along nicely....

x, mt
uco oih

to da moon

[navyblue81]

I think Riot Blockchain at 23 dollars is as good a bargain as there is out there. This was just over 75 a few weeks ago. This is easily $100+ stock once Btc recovers, and Goldman Sachs predicted Btc to hit 250,000 down the road. If it does, Riot could be in the 150 range. Just piled up some shares this morning. Also got a great earnings report.

[Madison]

I talked to a financial adviser today, he said to stop betting money on stocks, he said just put 6 grand in a roth every year and put it on an index fund and take it out in 25 yrs.

Said if I continue to pick individual stocks, even if I'm good, I won't even beat the index by that much over the long term.

Thoughts?

XLB, Vale, IFRA have been treating me well.

All the stocks that have been mentioned in this thread have been straight gutterballed last 6 months.

Even the big boys like tesla.

XLB, Vale, IFRA have been treating me well.

[Madison]

I think Riot Blockchain at 23 dollars is as good a bargain as there is out there. This was just over 75 a few weeks ago. This is easily $100+ stock once Btc recovers, and Goldman Sachs predicted Btc to hit 250,000 down the road. If it does, Riot could be in the 150 range. Just piled up some shares this morning. Also got a great earnings report.

As stated previously the elephant in the closest is the environmental impact of mining.

[trobin31]

Closed out TSLA calls fir a nice profit

I’m staying in small cap TNA calls, think we’ll rip higher into June once we get the FMOC mtg over

two new additions
MU calls exp June...chip shortage & reasonably valued
ALTO ethanol, they put that shyt in everything and just broke out of trend

[KnuckleHeadz]

I think Riot Blockchain at 23 dollars is as good a bargain as there is out there. This was just over 75 a few weeks ago. This is easily $100+ stock once Btc recovers, and Goldman Sachs predicted Btc to hit 250,000 down the road. If it does, Riot could be in the 150 range. Just piled up some shares this morning. Also got a great earnings report.

Hope you held onto that MPC stock navy....
Some big things coming shortly!!!

[trobin31]

You better be in oil, we are one Israel nuke away from going to the moon

populist flames were already stoked across the world, Covid just accelerated egocentrism, history tells us this nearly alway leads to larger conflicts, this is just the beginning

[Crusherrr]

@Trobin31

Still in OIH? I've got a very large position on this. Not a good day today or yesterday though. My Avg price is $209

[trobin31]

@Trobin31

Still in OIH? I've got a very large position on this. Not a good day today or yesterday though. My Avg price is $209

Yep, I think it’s always like this going into Memorial Day, I’m waiting to add more closer to $200, this is a 1-2year swing for me

[Slurry Pumper]

Well here we go again, an early sell off to start the week and a repair operation to finish the week. I'll be looking to see if the QQQ can make a run at the recent highs or is it going to make a lower high before turning around again next week. Same thing for the IWM, SPY, and XLF.
After hanging onto the gold for several months, I'm starting to get rewarded for my efforts, but in the short term I see gold stalling out here a little bit before continuing the march up the slope.

[RoyBacon]

I talked to a financial adviser today, he said to stop betting money on stocks, he said just put 6 grand in a roth every year and put it on an index fund and take it out in 25 yrs.

Said if I continue to pick individual stocks, even if I'm good, I won't even beat the index by that much over the long term.

Thoughts?

All the stocks that have been mentioned in this thread have been straight gutterballed last 6 months.

Even the big boys like tesla.

You have to know the difference between investing vs trading.

You can easily outperform any index with two extremely simple rules;
1. Only buy companies with at least 5 quarters of improving profits(or shrinking losses)

2. Never sell

Of course you need to diversify. Rule #2 is where the index has the advantage over a human. Imagine buying 100 shares of AMZN and knowing you will never sell? Need money? Take out on margin. Now, not only are you smart but you never pay taxes on your massive gains.

[homie1975]

You have to know the difference between investing vs trading.

You can easily outperform any index with two extremely simple rules;
1. Only buy companies with at least 5 quarters of improving profits(or shrinking losses)

2. Never sell

Of course you need to diversify. Rule #2 is where the index has the advantage over a human. Imagine buying 100 shares of AMZN and knowing you will never sell? Need money? Take out on margin. Now, not only are you smart but you never pay taxes on your massive gains.

Everyone new to investing or needing a refresher needs to read this post by ROYer and then read it again.

I am still holding ALL individual stock positions plus QQQ which I bought last year most of which occurred in late Feb, all of March, all of April and the first part of May. Most of the positions which I also posted in here (JPM, BA, SOXX, etc etc) have seen 100% returns but I have sold NONE of them. I am holding for the next decade and then I will start to sell when I need to pay for things for my mid to late teenage kids.

The ONLY thing I have sold in the last year is the highly leveraged ETFs TQQQ and SPXL where I saw massive gains in the last year.

Everything I've bought in the last 3-4 mos is in Red but i only bought small because the market was so high so now I am dollar cost averaging.

What's my trick? I know I am not *that good* so I buy and hold and look to average down. If the stock runs, great, then I let it run and I go buy another one that is a better value. Don't chase. I did that on PLUG and it fukked me.

Stocks are like buses - if you miss one you can catch another one. Pick your spots carefully. Buy best in class, best of breed stocks.

ROYer said it best: big difference between Investing and Trading.

ask yourself: which one are you ??

[Goat Milk]

I've only sold 1 stock in my life, but wish I had sold many as I would be up 200k now. F it. In the past I guess.

What did Roy mean when he said you don't pay taxes on your massive gains?

Even though I've been investing for 5-6 years, I'm still a rookie I feel.

[guitarjosh]

I've only sold 1 stock in my life, but wish I had sold many as I would be up 200k now. F it. In the past I guess.

What did Roy mean when he said you don't pay taxes on your massive gains?

Even though I've been investing for 5-6 years, I'm still a rookie I feel.

You don't pay taxes on unrealized gains

[Goat Milk]

You don't pay taxes on unrealized gains

But you're gonna have to pay taxes eventually if you want to cash out, I guess unless you're doing it in your Roth, right? So what's the difference? If you don't ever cash out anything, you haven't really gained anything.

[RoyBacon]

But you're gonna have to pay taxes eventually if you want to cash out, I guess unless you're doing it in your Roth, right? So what's the difference? If you don't ever cash out anything, you haven't really gained anything.

Rule #2 is a tad hard to understand.

When I say you never sell I mean never. Your heirs will inherit your portfolio. You say gawd dam Roy that ain't no fun! And I say well it ain't as fun as 100 virgins but it's pretty close.

If you never sell you will accumulate massive gains over your lifetime, many, many millions of dollars. Want to spend some? Borrow at margin rates, currently 1% at Schwab. When you die your taxes are forgiven, unless your estate is over $22m.

Indexes never sell. That's their sole advantage(yes, I know they re-balance on occasion). Match that and only buy companies headed in the right direction and you will easily be wealthy beyond your wildest dreams eventually.

[Goat Milk]

Rule #2 is a tad hard to understand.

When I say you never sell I mean never. Your heirs will inherit your portfolio. You say gawd dam Roy that ain't no fun! And I say well it ain't as fun as 100 virgins but it's pretty close.

If you never sell you will accumulate massive gains over your lifetime, many, many millions of dollars. Want to spend some? Borrow at margin rates, currently 1% at Schwab. When you die your taxes are forgiven, unless your estate is over $22m.

Indexes never sell. That's their sole advantage(yes, I know they re-balance on occasion). Match that and only buy companies headed in the right direction and you will easily be wealthy beyond your wildest dreams eventually.

You mean that your children will be wealthy, right? Lol.

[homie1975]

You mean that your children will be wealthy, right? Lol.

i'm going to enjoy some of it for myself. my children are 10 and 8 years from HS graduation. Papa is going to enjoy some of the spoils. i don't want to die *too rich* LOLOL