STOCK MARKET: Let's talk stocks and investing

Definitely not financial advice but it depends how you trade/overall positions you're in. Like I'll set max loss plan/target and if it's a longer position I'll scale out/back in to increase avg down rate/just lower cost overall. And if it's short term play I might exit entirely. I know everyone says you don't lose anything until you sell and while that's true... You also don't make money missing other runners or not avg'ing a position down, especially if it's sitting there tied up bleeding money.

That's also something similar I'll do exiting a winning position, like if I'm up a planned amount I exit some with profits and keep scaling out or even buy back in at a much lower avg (if I feel it has more room to grow etc).

This varies by stock and plan etc. but the most important thing is to set a max loss you're okay with. Like don't ride a stock all the way back down fully loaded as a bag holder to the 52 week lows because then you're stuck at the mercy of the stock, especially if you're not moving the position to a lower avg purchase price.

You can always re-enter a trade but sometimes if you don't make a play happen you'll become stuck. That's the main problem with trading contracts too, knowing when to cut losses/take wins is magnified.

Anyway, I personally think a lot of these stocks will look better over next week, for me lately anytime Powell speaks it typically hurts my portfolio followed by a nice return the next day/week... Unfortunately I'm not in NIO or I'd tell you my exact plan. I also got stubborn on NIO buying contracts slightly off on dates.... I Literally had $4 calls that were barely off from being huge plays... Once I miss something like that I normally don't go back.

 

Cathie Wood’s flagship fund ARK Innovation (NYSEARCA:ARKK) has erased all of its 2021 gains heading into Thursday's close.

 

I'm not sure she cares other than it may be a buying opportunity. I think she's got a long-term investment horizon (over 5 years from what I recall her saying in the past). Hope it works out for her.

 

2021 has about 300 days to go. We concerned here? I had been watching the last few weeks looking for a potential buy point. Put a little money elsewhere today.

 

such are the vicissitudes of the stock market.

i am filing/sorting trading activities / documentation for my tax returns. in doing so, i have discovered that

for SDGR, thanks to you suggestion/idea, i previously had

• 5 winning credit spreads, where the spreads i sold expired worthless
• 2 winning bullish CALL spreads,
• 4 covered CALL expired worthless.

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these winners more than offset the temporary losses realized on the LEAP CALL diagonals and 2 credit spreads, on SDGR, that i m holding

also, back in July 2020, your idea led me to win a 3.9 bagger on AMD options, while u were enjoying a 4+ bagger on yours.
in terms of profit %, this AMD winner ranks # 2 in my investing/trading career; my best trade ever was on SE

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like all other techs, apps is taking it on the chin; from the hi of 102, it has dropped to ~72 just above the 50 dma

 

Do you catch a falling knife?

 

Down 6% today so far

 

alright i'm 65% cash. painful, but taking a bigger picture view, grateful that i'm still up for 2021, without eating into 2020's gains. sticking to safer stuff with actual income till i know what is going on. live to play another day.

@saitou when it's time to go in.

 

Sold off most of my positions last week and able to salvage what little gains I had left. Still sitting in mostly TSLA with the rest in SQ, PLTR and GME. 40% cash and thinking of adding to GME for the lulz and action. TSLA can go to zero for all I care, it will bounce back eventually, hopefully. Hang in there boys.

 

It's a blood bath out there

 

I love Black Friday deals.

 

Lol, I’m now down on the year...

 

Same. I only have one option expiring this month so I can be patient for now but if this last for another month I'm in trouble

 

3 huge winners have bailed me out so far

• NFLX which i exited on the day after ERS
• CRM and ZM, both of whom i exited b4 ERS 3wk ago,

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but for these huge winners, i'd have been down for the year

 

Ideal scenario is we stay down today and then open down another 2 or 3% on Monday. That puts the nasdaq down 15%...and presents a really good opportunity to scale back in.

 

it's looking overdone now. even the ultra value low p/e stuff i have getting smashed lol. not selling anymore, not buying either. wait and see if there is an uptrend next week, like a few days worth. ok to miss out on the very bottom.

edit: IMMR beat EARNINGS by 20%. On track to potentially be a single digit p/e stock this year with double digit top and bottomline growth; and still goes down 5%.

 

Stocks are still trading at very high multiples compared to history.

 

Yes...but Powell made it pretty clear that with or without inflation the fed is gonna keep rates low for a while. And even with the 10 yr at 1.5 it’s still a pretty good environment for stocks including big tech.

I wouldn’t go all in but definitely would start buying again.