Market testing the lows from Oct

XXVoid MainXX
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XXVoid MainXX 12/11/2020 1:54am
12/11/2020 1:54am
I think Ross says the same thing Fatty's been saying. I've been following Ross for a while.

factoryfatty
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factoryfatty 12/11/2020 8:13am
12/11/2020 8:13am
He's got one thing right:

"this will end a violent horrible end"


He's got one thing wrong though, unless the fed wants to completely collapse this house of cards, they will not raise rates, or tighten monetary conditions in the slightest. They will try and fight inflation with inflation.
factoryfatty
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factoryfatty 12/11/2020 8:18am
12/11/2020 8:18am Edited Date/Time 12/11/2020 8:19am
Good interview on the rediculousness of all of these money loosing silicon valley unicorns getting huge IPO evaluations.

For example, Air B&B. They have lost money every single quarter since they started in 2008.

These companies are selling 20$ bills for 10$ and trying to make it up on volume.



AHRMA361
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AHRMA361 12/11/2020 9:34am
12/11/2020 9:34am
AHRMA361 wrote:
Anybody look at their NVDA lately? Void's question about it way back early in this thread, got me to buy in then.

XXVoid MainXX wrote:
You getting rich? Smile I never bought any. Sad
Depends on your definition of "rich" Wink But, I didn't buy enough, that's for sure.

The Shop

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XXVoid MainXX
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XXVoid MainXX 12/11/2020 12:58pm
12/11/2020 12:58pm
Maybe better. It's all coming to a horrible end. Smile
Chris99Flannery 12/11/2020 1:08pm
12/11/2020 1:08pm
XXVoid MainXX wrote:
Maybe better. It's all coming to a horrible end. Smile
Do you not think the market is abnormal and unprecedented?
XXVoid MainXX
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XXVoid MainXX 12/11/2020 1:13pm
12/11/2020 1:13pm
I absolutely do. And so far it's been profitable. Smile
Chris99Flannery 12/11/2020 2:21pm
12/11/2020 2:21pm
XXVoid MainXX wrote:
I absolutely do. And so far it's been profitable. Smile
What theyre paying dividends??? Not profitable while youre still holding them.
XXVoid MainXX
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XXVoid MainXX 12/11/2020 2:26pm
12/11/2020 2:26pm Edited Date/Time 12/11/2020 2:28pm
I've sold some (but not many). Sold all my AMZN the other day. Actually I sold half of my TSLA on the COVID downslide but bought them back. The IRS is going to tell me that's all been profitable. Wink My taxes are going to suck this year.
XXVoid MainXX
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XXVoid MainXX 12/15/2020 3:22pm
12/15/2020 3:22pm
Got my sell orders lined up in case things get really crazy the next few days. If they get really crazy, I hope it's in the positive direction and not the negative.
Money
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Money 12/15/2020 5:40pm
12/15/2020 5:40pm
XXVoid MainXX wrote:
Got my sell orders lined up in case things get really crazy the next few days. If they get really crazy, I hope it's in the...
Got my sell orders lined up in case things get really crazy the next few days. If they get really crazy, I hope it's in the positive direction and not the negative.
Sell orders on Tesla?
XXVoid MainXX
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XXVoid MainXX 12/15/2020 5:55pm
12/15/2020 5:55pm
Yes. If the price goes way up I'll definitely sell some off and move it into my older holdings. But, my thresholds are set very high so they most likely won't fire but if crazy shit happens I'll be ready.
ns503
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ns503 12/16/2020 4:01am
12/16/2020 4:01am
Have you set stop losses also?

The only time I had one set and it kicked in, it cost me. Price dropped like 2 cents below setpoint, then went back on a tear. That was GPV. Which I ended up getting back into but at a higher point.
XXVoid MainXX
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XXVoid MainXX 12/16/2020 6:28am
12/16/2020 6:28am
No, I've been bitten by stop losses as well. Every time I have set one I just bought them all right back for a loss. I realized I didn't really want to sell any so quit setting stop losses.
George Costanza 12/17/2020 1:25pm
12/17/2020 1:25pm
anyone invested in any psychedelic medicine/therapy companies?

Mind Medicine
MMEDF

sounds like it might get listed on NASDAQ in the near future...
factoryfatty
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factoryfatty 12/17/2020 1:52pm
12/17/2020 1:52pm Edited Date/Time 12/17/2020 1:54pm
Interesting phenomenon:

Since around 2018 over 60% of the gains in stocks happen in overnight trading. Trading returns during open hours looks pretty flat since Jan 2018.

Looks like we got to rename it from day trader to night trader.



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XXVoid MainXX
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XXVoid MainXX 12/17/2020 2:07pm
12/17/2020 2:07pm
I think I'm too stupid to be able to day trade but man would I love to quit my job right now and give it a shot. I guess I could always get started without quitting my job and if I feel like I can do it, then quit. I could retire at any time though, if they piss me off just enough.
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Pit Row

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lestat
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lestat 12/17/2020 10:11pm
12/17/2020 10:11pm
factoryfatty wrote:
Interesting phenomenon: Since around 2018 over 60% of the gains in stocks happen in overnight trading. Trading returns during open hours looks pretty flat since Jan...
Interesting phenomenon:

Since around 2018 over 60% of the gains in stocks happen in overnight trading. Trading returns during open hours looks pretty flat since Jan 2018.

Looks like we got to rename it from day trader to night trader.



You know I was thinking about this just the other day , but it was just a hunch . Interesting .
XXVoid MainXX
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XXVoid MainXX 12/18/2020 6:24am
12/18/2020 6:24am
Shaping up to be an interesting day. All my TSLA could get sold today. The anticipation....
yz133rider
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yz133rider 12/18/2020 7:42am
12/18/2020 7:42am
XXVoid MainXX wrote:
Shaping up to be an interesting day. All my TSLA could get sold today. The anticipation....
Enough to retire and buy a boat?? I’m so interested and following along!!
reded
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reded 12/18/2020 8:07am
12/18/2020 8:07am
I loaded up on UAVS which has quite a run the last two days.
XXVoid MainXX
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XXVoid MainXX 12/18/2020 9:20am
12/18/2020 9:20am
XXVoid MainXX wrote:
Shaping up to be an interesting day. All my TSLA could get sold today. The anticipation....
yz133rider wrote:
Enough to retire and buy a boat?? I’m so interested and following along!!
Out looking at houses now. Smile
yz133rider
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yz133rider 12/18/2020 11:34am
12/18/2020 11:34am
XXVoid MainXX wrote:
Shaping up to be an interesting day. All my TSLA could get sold today. The anticipation....
yz133rider wrote:
Enough to retire and buy a boat?? I’m so interested and following along!!
XXVoid MainXX wrote:
Out looking at houses now. Smile
That’s so awesome. I’m hoping I got in on the ground floor in digital currency, we shall see in time. If not keep grinding away living the “dream”.
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Falcon
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Falcon 12/18/2020 11:50am
12/18/2020 11:50am
Good luck, Void. Aim high!

BTW, the median home price in CA is now over $600K. The prices are up 10% over this time last year. Sales volume, too. How the hell is this happening with so many people laid off and furloughed? Either there's another massive correction coming sometime or everybody else knows something I don't.
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JM485
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JM485 12/18/2020 12:39pm
12/18/2020 12:39pm
Falcon wrote:
Good luck, Void. Aim high! BTW, the median home price in CA is now over $600K. The prices are up 10% over this time last year...
Good luck, Void. Aim high!

BTW, the median home price in CA is now over $600K. The prices are up 10% over this time last year. Sales volume, too. How the hell is this happening with so many people laid off and furloughed? Either there's another massive correction coming sometime or everybody else knows something I don't.
How? Because people were (and maybe still are) getting paid more when they were laid off than when they were working. I mean shit, had I just not dragged my sorry ass to work every day I could have made an extra $2400 a month! Hindsight is 20/20 but had I just sat at home and built my side business I’d be in a hell of a lot better of a financial state then i currently am, even more so if I had more money to invest in bitcoin a could months ago then I had at the time.

When this all first started going on I was looking at houses in the Reno/Carson City area because it was maaaybe affordable, then I watched all the Bay Area bastards swoop in and pay $50k over asking price for everything since they could all work from home and didn’t have to live in the bay anymore. Prices jumped 50-100k in like 3 months and that was all she wrote.
smashingpumpkins167 12/18/2020 1:04pm
12/18/2020 1:04pm
Falcon wrote:
Good luck, Void. Aim high! BTW, the median home price in CA is now over $600K. The prices are up 10% over this time last year...
Good luck, Void. Aim high!

BTW, the median home price in CA is now over $600K. The prices are up 10% over this time last year. Sales volume, too. How the hell is this happening with so many people laid off and furloughed? Either there's another massive correction coming sometime or everybody else knows something I don't.
We are about to make a killing on our California house if everything works out. We got lucky because everybody is fleeing the cities. I'll update you guys later if it happens. 33% over what we paid in two years with a cash offer. I've got my fingers crossed.
XXVoid MainXX
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XXVoid MainXX 12/18/2020 1:06pm
12/18/2020 1:06pm Edited Date/Time 12/18/2020 1:22pm
Well, didn't quite hit my lowest threshold but came very close. Guess if it's going to happen it will happen on Monday. I don't really want to sell any but hey, if it gets really crazy why not. Monday should be the bigger day. I was watching Rob's live stream and it sounds like you could have made a good chunk on call options in the last few minutes before close because of all the index guys that had to buy in the last 5 minutes and there was a huge imbalance. Closed at $695. My lowest sell order I have set for 700 and have 13 orders with increasingly higher thresholds for increasing numbers of shares. To be honest I don't care one way or the other if any of them fire. I'll just hold onto what I have and stay in for the long run worst case.
Vanilla
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Vanilla 12/19/2020 10:10am
12/19/2020 10:10am
Any of you guys holding PLTR? I think they are gonna be huge in a few years
Chris99Flannery 12/19/2020 8:18pm
12/19/2020 8:18pm
Inflation is real. Printing money always makes it way to the top.
Lucky wages are growing!!!! so middle and down don't need to rely on social benefits. Take a smell and look around as youre at the beginning of it.
Right around the world in all economies Houses/food, consumer goods are trending the same.
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