Investing, Stock Market and Retirement Planning Thread

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Postby count2infinity » Tue Feb 23, 2021 11:44 am

I had hope with that early recovery today, but the way things are fading.... eeesh. This could get ugly. Dodint's correction is incoming, I fear.

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Postby dodint » Tue Feb 23, 2021 12:15 pm

Volume is trash right now. I'm not expecting a big move either way. Maybe a sell-off at the close but nothing huge.

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Postby mikey » Tue Feb 23, 2021 12:21 pm

SPY 382 should be a good resistance point...

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Postby willeyeam » Tue Feb 23, 2021 3:51 pm

shoutout SNAP saving the day

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Postby dodint » Tue Feb 23, 2021 4:03 pm

I was wrong, it rallied instead of fell at the close. Basically recovered the morning losses and finished flat.

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Postby count2infinity » Tue Feb 23, 2021 4:40 pm

The Workhorse vs Oshkosh thing this afternoon was interesting.

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Postby willeyeam » Tue Feb 23, 2021 4:47 pm

Farewell, Lordstown Motors

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Postby willeyeam » Wed Feb 24, 2021 1:00 pm

ERX is going to go to the moon

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Postby dodint » Wed Feb 24, 2021 2:13 pm

:lol: at ZOM. Consolidate much?

Poor NOK, sniffed 4 for a little bit then tumbled.

F broke through 12 and is doing great, highest it's been since I started watching it.

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Postby Pavel Bure » Wed Feb 24, 2021 2:20 pm

:lol: at ZOM. Consolidate much?

Poor NOK, sniffed 4 for a little bit then tumbled.

F broke through 12 and is doing great, highest it's been since I started watching it.
Should’ve bought Zom’s dip at $1.60

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Postby Pavel Bure » Wed Feb 24, 2021 2:23 pm

Okay so more seasoned people. Tell me if this is a good way to learn. I have picked 10 stocks at or under $10/share. I want to learn about each of the companies, watch some trends, and see if I can start eking out some profit by becoming aware of what a true dip looks like, picking some up, and selling when the price goes up 20ish cents.

What advice do you guys have besides cocaine.

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Postby dodint » Wed Feb 24, 2021 2:29 pm

Know your stop loss and profit exit before you buy in. Your profit should exceed your stop loss by 2 for the deal to make sense. So if it's trading at $10, and you set your risk acceptance stop loss at $9.80, you shouldn't sell until you're at $10.40. If you get to $10.40 you can change your standing profit limit order to a trailing stop to try to ride one last movement up.

When I trade on Schwab, and others, the stop loss and profit limit orders are entered at the time of the initial buy (they're called brackets). They can be changed or cancelled at any time, just pointing out you don't have to do anything special to set them up every time.

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Postby mikey » Wed Feb 24, 2021 2:50 pm

If you aren't willing to smell some tables during the day, I can't really help you about stonks, I'm sorry...

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Postby count2infinity » Wed Feb 24, 2021 3:34 pm

GME 2.0?

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Postby dodint » Wed Feb 24, 2021 3:35 pm

Decided to sit the market out this week while stuff stabilized and I missed my favorite stock, F, go up 6%.

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Postby willeyeam » Wed Feb 24, 2021 3:36 pm

F in the chat for dodint

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Postby NTP66 » Wed Feb 24, 2021 3:39 pm

I made the mistake of looking at the ARK stuff and realized that I bought at the reverse dip.

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Postby count2infinity » Wed Feb 24, 2021 3:39 pm

GME halted... lolololol

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Postby MrKennethTKangaroo » Wed Feb 24, 2021 3:42 pm

giddyup

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Postby dodint » Wed Feb 24, 2021 3:45 pm

Now that's an interesting chart. Up 80% today. hmmmm.

Which is super annoying because reddit will be unreadable for a while.

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Postby NTP66 » Wed Feb 24, 2021 3:46 pm

I almost pulled the trigger at $40 a week or so ago. Probably should have.

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Postby NTP66 » Wed Feb 24, 2021 3:46 pm

Source of the post Which is super annoying because reddit will be unreadable for a while.
It has been since mid-January.

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Postby dodint » Wed Feb 24, 2021 3:49 pm

I legit did not know that 'circuit breaker' halts applied to stocks going upwards.

What's the point? Protecting shorts? Shorting is contrary to the spirit of things, generally, so if that's the reason it seems contrary to good public policy.

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Postby NTP66 » Wed Feb 24, 2021 3:52 pm

I don't think they do? The current halt is a normal volatility halt, AFAICT.

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Postby count2infinity » Wed Feb 24, 2021 3:56 pm

There isn't any halts afterhours... Can't wait to see what this looks like. woof.

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