OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[GreenNGold89]

Anyone have a position in Open?

 

[igotthatstock]

Anyone have a position in Open?

I did, but then it TANKED so I am joining the STONKS club. Just told my investment management professor he is an idiot.

 

[sole searchin]

I'm going to warn you all for the last time. Heed it, go ahead, if not, fine by me, I did my part.

This market is going to have a severe 30% drawdown at minimum soon. Stocks like AMC, GME, etc are completely garbage and will NOT be around in their current capacity in 5-10 years. BB might actually be the only one you could rationalize. If you want to gamble, do you. If you want to trade and have a process and manage risk, profit, do you, that's amazing. If you think you can just blind buy this garbage, wait a day or a week and become rich, you will blow up your entire account. Position size accordingly. Respect stops. DO NOT AVERAGE DOWN ON THIS GARBAGE. Own quality, keep a cash position, gamble with at most 1-5% of your book if you need to gamble. I am under the impression that we topped out, I see all of the euphoric warning signs. I raised cash in my weakest positions to prepare myself for it. I will add to my best stocks at discounts and I will be happy. I want you to be just as happy when that happens, not dead broke and closing your accounts for good. Keep perspective. Stay humble. DO NOT BE A GAMBLER.

All about emotions and staying solvent.

P/E ratios, fibonaccis, none of that matters anymore.

We are in for TROUBLE.

Best of luck.

You were warned.

what about index funds?

I’m more of a set it and forget it person (retirements in index, etc) but have a good amount of cash liquid. Dollar cost averaging into a brokerage account with index funds and no individual stocks.

of course the envy and jealousy of this crazy market this past year, etc is creeping in lol. But still just on the sidelines.

 

[アミーゴ]

I did, but then it TANKED so I am joining the STONKS club. Just told my investment management professor he is an idiot.

Tell him I said that too

 

[Brownstone]

its fine if you have a low risk tolerance, I would just put money in a safe company (Dow) w/ dividends. Its just as safe and you aren't paying any management fees

 

[johnnyredstorm]

what about index funds?

I’m more of a set it and forget it person (retirements in index, etc) but have a good amount of cash liquid. Dollar cost averaging into a brokerage account with index funds and no individual stocks.

of course the envy and jealousy of this crazy market this past year, etc is creeping in lol. But still just on the sidelines.

Stick to your long term plan if your DCA. You’ll be fine. I’m staying full size long my best positions. It’s everything else that I trimmed to give me money to add to my best stocks on weakness. End of the day my entire portfolio exists to create money for my best stocks.

 

[6pac]

Man I’m trying to get into this **** and the **** y’all talking is Chinese

what are best resources for a beginner?

 

[igotthatstock]

Man I’m trying to get into this **** and the **** y’all talking is Chinese

what are best resources for a beginner?

Dont invest in anything but AMZN, AAPL, and anything that starts with ARK.

 

[wallyhopp]

I think I mentioned it here. Spent half my first stimulus diving into RH. With casinos and sports betting closed, this felt natural (I won’t lie. They got me) . I ended up on the back end of 8-10 pump and dumps. Two I chased for 3-4 months before cashing out. Eventually 2 of the 10 popped up(had I held everything). And this was in the best of covid swing ups. I’ve spent the last 8 months watching from the sidelines. Hindsight is 20:20. Should’ve bought some shares of decent companies and just held

 

[DesD1]

Had a busy week last week but damn .. how things are being played by WSB wtf hahah that people is wild

 

[noskey]

Dont invest in anything but AMZN, AAPL, and anything that starts with ARK.

アミーゴ coolcool jjs Please help.

 

[tomdiginson]

Grabbed 20 shares of Nike earlier today.

 

[アミーゴ]

Dont invest in anything but AMZN, AAPL, and anything that starts with ARK.

Bro if you are gunna post in here we need you on the A Team - TSLA, let’s ride BAYBEE

I have made a lot of NTers RICH in the last 24 months. Lets keep this going.

 

[tay1]

Elon Musk is in a WSB discord hyping up AMC. Bruh is doing too much . The open for AMC is gon be crazy.

 

[antidope]

Elon Musk is in a WSB discord hyping up AMC. Bruh is doing too much . The open for AMC is gon be crazy.

World's second richest man is on the internet trying to bankrupt people cause they shorted his stock. Totally normal behaviour.

 

[hennessy]

Can’t wait for the posts a month from now

 

[tay1]

Can’t wait for the posts a month from now

I’ve read about people taking out loans and so forth.

 

[216c2a]

I'm going to warn you all for the last time. Heed it, go ahead, if not, fine by me, I did my part.

This market is going to have a severe 30% drawdown at minimum soon. Stocks like AMC, GME, etc are completely garbage and will NOT be around in their current capacity in 5-10 years. BB might actually be the only one you could rationalize. If you want to gamble, do you. If you want to trade and have a process and manage risk, profit, do you, that's amazing. If you think you can just blind buy this garbage, wait a day or a week and become rich, you will blow up your entire account. Position size accordingly. Respect stops. DO NOT AVERAGE DOWN ON THIS GARBAGE. Own quality, keep a cash position, gamble with at most 1-5% of your book if you need to gamble. I am under the impression that we topped out, I see all of the euphoric warning signs. I raised cash in my weakest positions to prepare myself for it. I will add to my best stocks at discounts and I will be happy. I want you to be just as happy when that happens, not dead broke and closing your accounts for good. Keep perspective. Stay humble. DO NOT BE A GAMBLER.

All about emotions and staying solvent.

P/E ratios, fibonaccis, none of that matters anymore.

We are in for TROUBLE.

Best of luck.

You were warned.

A broke and much younger me would've heeded your advice.
Just turned 32 this month and considering retiring this year. I owe it to having balls of steel. Everything is garbage until it's not. The key is doing your own research. My turnaround portfolio obviously consists of pure garbage. Did my obsessive dd on these and invested for the long term like all my investments. Huge risk but I would be fine losing it all.

AMC: ~28k @~$2
Plug: ~16k @~$2
BlackBerry: ~8k @~$4
GameStop: ~2k @~$4. Closed yesterday @$138

I hold larger positions in established companies and I remember they were almost all considered garbage by others when I opened positions. Been in Tesla since 2013 and it's still garbage

 

[1c3m4m]

Glad glad glad I got back into amc last thursday

idk johnnyredstorm about amc not being around in 5-10 yrs, movies are still going to be made, this covid thing wont last forever

and lets just say for arguments sake covid does stay and changes how we live, dont u think a yr or 2 from now theaters would adjust in some shape or form to the point where people are actually using them again?

ppl are tired of being home

 

[antidope]

Watching it all unfold

 

[tay1]

Read an article a while back about a huge correction coming soon in February

 

[1c3m4m]

Read an article a while back about a huge correction coming soon in February

elaborate ?

 

[degenerate423]

Elon Musk is in a WSB discord hyping up AMC. Bruh is doing too much . The open for AMC is gon be crazy.

Damn, need to get in pre-market .

 

[Grine]

 

[tay1]

elaborate ?

BofA stated that according to historical data, February tends to be one of the weakest months of the year for the market