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Stock Market - What are you trading? January 2021

Discussion in 'Off Topic' started by VegasMonkey, Jan 25, 2021.

  1. SIlverGolfer

    SIlverGolfer Platinum
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    I'm a little annoyed that I didn't get back into GUSH when it fell to $19 in Oct.
     
  2. chico7800

    chico7800 Silver

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    Really debating if I want to hold till tomorrow. No announcement and it could get ugly
     
  3. dvandentop

    dvandentop Chairman
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    announced now and dropped some but upticking back i was in at 30 share so still have some profits with it at 45
     
  4. dvandentop

    dvandentop Chairman
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    fuggin brutal on my tsla today still way up i decided to sell some apple to buy some at 715 level now

    my apple position been stagnant for so long now after this week and last dropp in price was barely ahead on apple so sold shares to buy 10 more tsla i see a quicker uptick on tesla vs apple
     
  5. dvandentop

    dvandentop Chairman
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    shit hope ya sold off got hammered about an hour after announcement I trimmed position about 50 and took all profits
    hopefully pops back some for long position
     
  6. chico7800

    chico7800 Silver

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    I sold most off figuring top was in last week. Just kept 1 contract which was a 17.5 strike i was planning to convert to shares.
     
  7. chico7800

    chico7800 Silver

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  8. dvandentop

    dvandentop Chairman
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    thank got for some recovery after this morn opening it was brutal was down 5 figures now down less then 4k thankfully. let's hope for an afternoon rally!


    wynn is my golden darling during this last week downfall of the market
     
  9. SIlverGolfer

    SIlverGolfer Platinum
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    MGM has also had a good 10 days. I has certainly been a brutal week and a half. Down 6 figures but still up over 60% YTD. I will sell the farm before I let it drop much more.

    I still believe in AMPE LAC and APHA
     
  10. undathesea

    undathesea Gold

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    Jeez, I thought my five figure loss was bad.

    Six figure would probably push me to sell some. I'm thinking about buying though I'll wait a bit.
     
  11. SIlverGolfer

    SIlverGolfer Platinum
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    LOL - the only good news is that I'm still up big YTD - and it did push me to sell some - but I've added back to LAC APHA and MVIS. Call me crazy, but I'm still sticking to the things that I've done that have been good to me

    I haven't sold any AMPE because I expect a pop with news in the coming days on submission to FDA on OAK PH III.

    The funny thing is that I will regularly swing for the fences on stock trades but sill don't usually bet > $10 a spin :) :)
     
  12. Mr2BOBCATS

    Mr2BOBCATS Platinum

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    This advice is a day about 3 weeks late and a dollar about 60K short.


    The past 2/3 weeks has been a nightmare, and unlike most people I'm definitely now down significantly on my original investment - which really stings. I can take losing the profits, but I'm approaching being down 50% on the money put into the account just a little under a year ago. At least I won't have to worry about paying capital gains tax anymore..... ha .... ha .... ha. But it is getting ridiculous where it's almost like there's a billion people watching my every move and conspiring against me. I mean literally - I'm going between short and long positions and the SECOND something starts to go up and buy a long position on it, it immediately reverses hard. Then I get scared and immediately short it and the SECOND I do that it goes back up.

    I've tried being active - lost tons. I've tried doing jack shit and just watching what happens - lost tons. I'm buying "stable" stocks - they go down. I'm buying "risky" stocks - they do the opposite of whatever position I'm in. Case in point: AMC, which I swore I wouldn't touch anymore, and man I wish I stuck to that:

    upload_2021-2-23_16-44-9.png

    The first red arrow is me selling short right at the end of the day yesterday. 400 shares at $6.40 avg. Then in the after hours it does nothing but go up, then down, then back up and OMFG we're going to the moon at open. So I panic, cover at $7.30 and buy 400 more at $7.24. Within 30 seconds it immediately starts to plummet so I sell at $6.92. Then it starts to rise again (and for the record I don't think AMC should be going up at all) so I short 1000 shares at $6.75 and then it keeps right on going, then dips, then back up, then dips again, and then OMFG again. Finally I panic late in the afternoon and cover at $7.67 and buy another 1000 at $7.67. At this point I have no idea what is going on, I'm just hoping for a miracle so I set a trailing loss limit at $0.15 which get triggered on the way back down to sell at.. $7.68 (woo hoo, profit! lol). Then it looks like it's bottomed out again, so I buy another 1000 shares at $7.65 and put another trailing loss limit in at 15 cents, but this time it never gets going and that's triggered to sell at $7.62.

    Everything I've touched in the past 3 weeks has done this. It literally does not matter what it is - could be a bank, fortune 500 company, shitty pot company, digital currency - they all can eat my ass.
     
  13. undathesea

    undathesea Gold

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    My two cents. You're trading on emotion. Stop day trading if you can't resist that urge.

    Actually, it's probably best to stop trading until you can get those emotions under control.

    I've been there. It's tough when you feel like everyone is making money but you.
     
    sparkydog, TexasLady, AyDee and 2 others like this.
  14. dvandentop

    dvandentop Chairman
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    wow just checked and never thought it would revese all the way to under a 500 loss for the day from 15k down this morn!!
     
    undathesea and Mr2BOBCATS like this.
  15. Lousyatcraps

    Lousyatcraps Not Lousyatslots

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    Agree need to take the emotion out of it. For day trading I would take a technical analysis course.
    On a brighter note for myself, DIS is finally a ten bagger for me, only took 12 years. I still think it’s a good long term hold but would probably buy on dips if I were to get in now as it’s pretty expensive and has doubled in the past year.
     
    sparkydog and undathesea like this.
  16. Mr2BOBCATS

    Mr2BOBCATS Platinum

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    You probably could have checked just about 20 minutes later... 3/4 of the positions that I currently own or that I have owned in the past couple months all have some version of this chart:

    upload_2021-2-23_20-16-32.png

    That's Tesla. And yes, I sold halfway down, and re-bought near the bottom. While that might be labelled as panicking, when nearly every single position in the portfolio is falling off a cliff at the same time, I'm not sure how many people would just hold on to everything and watch it go.

    Edit to Add: The attitude I had on a bad day when watching profits go poof (aka last month) is completely different than right now when I'm already down a ton. If you're not already bleeding, it's less important to stop the bleeding.
     
    #216 Mr2BOBCATS, Feb 23, 2021
    Last edited: Feb 23, 2021
  17. chico7800

    chico7800 Silver

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    You are a lucky man. Even with the bounce the sector rotation still gave me a massive ball kick. Lesson to myself as I’m overweighted in spac / tech / growth stonks.

    It does seem since the gme pump occurred the market has been put on hard mode and I’ve had 3 big pullbacks since.

    Everyone that bought at 9:50am today congrats.
     
  18. SIlverGolfer

    SIlverGolfer Platinum
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    I'm definitely glad that I didn't bail yesterday as I nearly did. While I did take some profits off the table, I reinvested once I noticed that bottoms were bounced.

    I'd much rather have smaller 5 figure daily swings than the wild higher 5 figure daily swings of the past 8 few weeks but on these kind of stocks it definitely is gambling :) :)
     
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  19. SIlverGolfer

    SIlverGolfer Platinum
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    AMPE having a nice bounce thus far this AM. Now if it will only head over $2.25 before news of FDA filing in the coming days.
     
    Mr2BOBCATS likes this.
  20. dvandentop

    dvandentop Chairman
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    yeah still waiting for that damn ipoe spac to do something down about 25% on that
     
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