Market testing the lows from Oct

FLmxer
Profile picture for user FLmxer
Posts
7278
Joined
8/16/2006
Location
SouthWest, FL US
Fantasy
362nd
FLmxer 12/20/2020 5:38am
12/20/2020 5:38am Edited Date/Time 12/20/2020 6:54am
I took some chances doing a little fun contest with my daughter starting with only 12.5k and trying to see who could make the most and it got and still is insane. I just bought 13 acres and trying to buy the 20 on one side and 5 on other as well and my spac profits from last few months are covering it. Who new 2020 was going to buy me a track. First it tried to kill us and now its giving us our dream. While we were viewing the property a Braman bull came running up and wanting love, he let us hug on him and he acted like a giant dog. I jokingly said the cow stays or no deal.
I later realized they wrote him in the contract. lol meet Bill the lap puppy.

4
lestat
Profile picture for user lestat
Posts
1762
Joined
10/3/2008
Location
Piut RE
lestat 12/20/2020 3:22pm
12/20/2020 3:22pm
Vanilla wrote:
Any of you guys holding PLTR? I think they are gonna be huge in a few years
Had it and sold for a good profit . Thinking of getting back in soon . I think you are right .
lestat
Profile picture for user lestat
Posts
1762
Joined
10/3/2008
Location
Piut RE
lestat 12/20/2020 3:26pm
12/20/2020 3:26pm
lestat wrote:
700
XXVoid MainXX wrote:
Looks like you nailed it.
Where will it be a month from now is the real question 😬

The Shop

See All »
XXVoid MainXX
Profile picture for user XXVoid MainXX
Posts
8105
Joined
5/25/2012
Location
Schenectady, NY US
XXVoid MainXX 12/20/2020 4:09pm
12/20/2020 4:09pm
lestat wrote:
700
XXVoid MainXX wrote:
Looks like you nailed it.
lestat wrote:
Where will it be a month from now is the real question 😬
I've been out looking at new houses the last few weeks. I'm not buying anything until I see what it looks like it's going to do. Smile
1
yz133rider
Profile picture for user yz133rider
Posts
5033
Joined
8/1/2013
Location
Avondale, PA US
yz133rider 12/21/2020 10:34am
12/21/2020 10:34am
XXVoid MainXX wrote:
Looks like you nailed it.
lestat wrote:
Where will it be a month from now is the real question 😬
XXVoid MainXX wrote:
I've been out looking at new houses the last few weeks. I'm not buying anything until I see what it looks like it's going to do...
I've been out looking at new houses the last few weeks. I'm not buying anything until I see what it looks like it's going to do. Smile
Do you think I should get in now? I just bought 15 shares of pltr because of this thread. Any others worth dipping into? I’m starting out very small, but you have to start and learn somewhere.


Also, when I made the order for pltr there were options like limit, trailing , market A few others. Idk any about it. I picked 15 shares and type was “market”.

I just want to buy in at x cost and if it goes up I make some money and if it goes down I lose some money.

I don’t want to do margin trades or options or whatever else because I literally don’t hardly have a handle on what I’m doing.


Just keep talking guys! I’m listening and tying to learn. Love this discussion.
yz133rider
Profile picture for user yz133rider
Posts
5033
Joined
8/1/2013
Location
Avondale, PA US
yz133rider 12/21/2020 10:43am
12/21/2020 10:43am
MotoTribology wrote:
Hmm, might be your platform limiting to better exchanges. It is a pink sheet stock, so not everyone deals with those. That's part of why it...
Hmm, might be your platform limiting to better exchanges. It is a pink sheet stock, so not everyone deals with those. That's part of why it is a gamble too. A penny stock for sure, but if those price points hit and the beta testing goes well, I wouldn't be surprised to see them uplist to a proper exchange in the relatively near future.

The company is Cannabix Technologies. The basic concept is they created a breathalizer for THC. If the testing proves its effectiveness it would have a huge market in law enforcement, employers, and schools regardless of whether cannabis is legalized or remains illegal. The upside is pretty big on a relatively small purchase price, and since the test is underway now, there is a fairly definitive timeline of when it will either put up or shut up.

I wouldn't bet the farm on it or anything, but it has some real potential if this beta test go well.
Any updates on if the testing has gone well? You still optimistic on this one?
colintrax
Profile picture for user colintrax
Posts
4695
Joined
8/25/2015
Location
Taylorsville, GA US
colintrax 12/21/2020 11:05am
12/21/2020 11:05am
yz133rider wrote:
Do you think I should get in now? I just bought 15 shares of pltr because of this thread. Any others worth dipping into? I’m starting...
Do you think I should get in now? I just bought 15 shares of pltr because of this thread. Any others worth dipping into? I’m starting out very small, but you have to start and learn somewhere.


Also, when I made the order for pltr there were options like limit, trailing , market A few others. Idk any about it. I picked 15 shares and type was “market”.

I just want to buy in at x cost and if it goes up I make some money and if it goes down I lose some money.

I don’t want to do margin trades or options or whatever else because I literally don’t hardly have a handle on what I’m doing.


Just keep talking guys! I’m listening and tying to learn. Love this discussion.
Im hanging on pltr for awhile, same with crisper. Look into renewables, solar, hydrogen, batteries, stuff has been blowing up.
Look into the different types of orders. Market is only good if the price is skyrocketing and you're trying to jump in RIGHT NOW. Limit is the best to make sure you aren't losing right off the bat. Limit means you set the price youre gonna pay. Market means you'll pay what the market price is +- something like 5%.
MotoTribology 12/21/2020 12:11pm
12/21/2020 12:11pm
MotoTribology wrote:
Hmm, might be your platform limiting to better exchanges. It is a pink sheet stock, so not everyone deals with those. That's part of why it...
Hmm, might be your platform limiting to better exchanges. It is a pink sheet stock, so not everyone deals with those. That's part of why it is a gamble too. A penny stock for sure, but if those price points hit and the beta testing goes well, I wouldn't be surprised to see them uplist to a proper exchange in the relatively near future.

The company is Cannabix Technologies. The basic concept is they created a breathalizer for THC. If the testing proves its effectiveness it would have a huge market in law enforcement, employers, and schools regardless of whether cannabis is legalized or remains illegal. The upside is pretty big on a relatively small purchase price, and since the test is underway now, there is a fairly definitive timeline of when it will either put up or shut up.

I wouldn't bet the farm on it or anything, but it has some real potential if this beta test go well.
yz133rider wrote:
Any updates on if the testing has gone well? You still optimistic on this one?
I was incorrect in my timeline on that post. The testing agreement was completed, but the actual testing isn't scheduled until "early in the new year"

It didn't reach that breakout point I was hoping for, but I am holding now for when the results of the beta testing is complete. I'm still up 46% as of today's price and I'm not betting the farm on it, so I'll wait and see. I am still optimistic though.
MotoTribology 12/21/2020 12:14pm
12/21/2020 12:14pm
Sold my REKR, DTMK, and most of the VUZI I was holding last week.

Bought into BSGM, IDEX, and bought some more GRIL when it dipped a bit last Wednesday.

We'll see how those pan out. I'm still kicking myself for selling BEEM when I did.
lestat
Profile picture for user lestat
Posts
1762
Joined
10/3/2008
Location
Piut RE
lestat 12/21/2020 3:21pm
12/21/2020 3:21pm
XXVoid MainXX wrote:
Damn, QS up 35% today. I am up over 12% just since I bought a few an hour ago. :) I should might have to trade...
Damn, QS up 35% today. I am up over 12% just since I bought a few an hour ago. Smile I should might have to trade in TSLA tomorrow. Smile
That would have been a hell of a play . QS over a hundred after hours .
1
XXVoid MainXX
Profile picture for user XXVoid MainXX
Posts
8105
Joined
5/25/2012
Location
Schenectady, NY US
XXVoid MainXX 12/21/2020 4:46pm
12/21/2020 4:46pm
Too bad I sold those 3 shares! Smile
XXVoid MainXX
Profile picture for user XXVoid MainXX
Posts
8105
Joined
5/25/2012
Location
Schenectady, NY US
XXVoid MainXX 12/21/2020 4:55pm
12/21/2020 4:55pm Edited Date/Time 12/21/2020 5:03pm
lestat wrote:
Where will it be a month from now is the real question 😬
XXVoid MainXX wrote:
I've been out looking at new houses the last few weeks. I'm not buying anything until I see what it looks like it's going to do...
I've been out looking at new houses the last few weeks. I'm not buying anything until I see what it looks like it's going to do. Smile
yz133rider wrote:
Do you think I should get in now? I just bought 15 shares of pltr because of this thread. Any others worth dipping into? I’m starting...
Do you think I should get in now? I just bought 15 shares of pltr because of this thread. Any others worth dipping into? I’m starting out very small, but you have to start and learn somewhere.


Also, when I made the order for pltr there were options like limit, trailing , market A few others. Idk any about it. I picked 15 shares and type was “market”.

I just want to buy in at x cost and if it goes up I make some money and if it goes down I lose some money.

I don’t want to do margin trades or options or whatever else because I literally don’t hardly have a handle on what I’m doing.


Just keep talking guys! I’m listening and tying to learn. Love this discussion.
I have no idea what I am doing (probably why I've been successful recently). I can't make recommendations especially on TSLA because all indications is the stock price is way too high and has been for some time. But, it continues to go up. When it was up to 900 pre split my Dad asked if he should get in. There's no way I could have recommended it when it was that high but it's up to 3500 now (pre split value) and it turns out it would have been a good buy. I'm contemplating if I should start selling big chunks of it, but I just have to see where this train ends up and am letting it ride. Smile

A few years ago I saw nearly every country mandating electric vehicles within the next 15 to 20 years and giving huge incentives for solar/green energy. So it seemed like the smart thing to do and as far as electric transportation specifically goes I saw what Elon was doing with rockets and realized right then that if he continues to do what he's been doing he's going to make every other rocket company obsolete. I knew then I had to put my money behind this guy. The only way I could really do that was to buy TSLA. Turns out that was a pretty good move. I think at the way he's going he could eventually put every other auto manufacture out of business eventually (20+ years down the road) like he is on the verge of doing in the rocket industry.

As far a investing I think if you can find something along a similar line that has huge growth potential and good chances of disrupting some market. Amazon would have been one of those companies in the early days. I personally thing Tesla is still early on that road and will be much bigger than they are now but obviously a lot of their future is already priced in so not sure how fast gains will come from here on out.

As far as trading (buying and selling in short time frames) I have personally not done very well in that area. I would like to learn how to make money doing that though.
1
reded
Profile picture for user reded
Posts
3682
Joined
3/26/2011
Location
KS US
reded 12/21/2020 4:57pm
12/21/2020 4:57pm
XXVoid MainXX wrote:
Damn, QS up 35% today. I am up over 12% just since I bought a few an hour ago. :) I should might have to trade...
Damn, QS up 35% today. I am up over 12% just since I bought a few an hour ago. Smile I should might have to trade in TSLA tomorrow. Smile
lestat wrote:
That would have been a hell of a play . QS over a hundred after hours .
I sold that mfer this morning at $89, figured I’d ridden that horse long enough after buying in at $58, shoulda held. Could’ve made an extra $1k. Pinch
1
reded
Profile picture for user reded
Posts
3682
Joined
3/26/2011
Location
KS US
reded 12/21/2020 5:04pm
12/21/2020 5:04pm Edited Date/Time 12/21/2020 5:06pm
lestat wrote:
Where will it be a month from now is the real question 😬
XXVoid MainXX wrote:
I've been out looking at new houses the last few weeks. I'm not buying anything until I see what it looks like it's going to do...
I've been out looking at new houses the last few weeks. I'm not buying anything until I see what it looks like it's going to do. Smile
yz133rider wrote:
Do you think I should get in now? I just bought 15 shares of pltr because of this thread. Any others worth dipping into? I’m starting...
Do you think I should get in now? I just bought 15 shares of pltr because of this thread. Any others worth dipping into? I’m starting out very small, but you have to start and learn somewhere.


Also, when I made the order for pltr there were options like limit, trailing , market A few others. Idk any about it. I picked 15 shares and type was “market”.

I just want to buy in at x cost and if it goes up I make some money and if it goes down I lose some money.

I don’t want to do margin trades or options or whatever else because I literally don’t hardly have a handle on what I’m doing.


Just keep talking guys! I’m listening and tying to learn. Love this discussion.
If you’re just starting out, you’re much like me, happy to make $50 at the end of the day and a good week nets a couple hundred. I’m now starting to get to the point where I have enough in my account that I can buy larger chunks of shares and it starts adding up if they move a dollar or two. It’s really an addictive game but you have to do your due diligence and study up on what your getting into. If you’re looking for something cheap that has great upside, look into UAVS or SEEL. They’re cheap enough that you won’t totally lose your ass, they’re in a good position to pop and could net you some good gains. Just my .02 but I’ve made a decent profit off both.
2
lestat
Profile picture for user lestat
Posts
1762
Joined
10/3/2008
Location
Piut RE
lestat 12/21/2020 6:56pm
12/21/2020 6:56pm
XXVoid MainXX wrote:
Damn, QS up 35% today. I am up over 12% just since I bought a few an hour ago. :) I should might have to trade...
Damn, QS up 35% today. I am up over 12% just since I bought a few an hour ago. Smile I should might have to trade in TSLA tomorrow. Smile
lestat wrote:
That would have been a hell of a play . QS over a hundred after hours .
reded wrote:
I sold that mfer this morning at $89, figured I’d ridden that horse long enough after buying in at $58, shoulda held. Could’ve made an extra...
I sold that mfer this morning at $89, figured I’d ridden that horse long enough after buying in at $58, shoulda held. Could’ve made an extra $1k. Pinch
I was in early and I think I am holding that one . The test results were a game changer . Still have to manufacture , but they are backed by deep pockets that are highly motivated to make this work . We shall see ....
FLmxer
Profile picture for user FLmxer
Posts
7278
Joined
8/16/2006
Location
SouthWest, FL US
Fantasy
362nd
FLmxer 12/21/2020 7:04pm
12/21/2020 7:04pm Edited Date/Time 12/21/2020 7:08pm
Market buy is the price it is right then or closest available price.. Limit order means you will only buy/sell for your set amount and it will not initiate until that number is reached.. Usually I don't just sell when I get to where I like the price. I set a stop loss so if it keeps climbing I don't miss it but if it falls it sells. You can set a market stop loss which means it will sell at as close as possible to your set price which can sometimes vary. Or you set a stop limit loss where you set a sell price and the activation price which is the least you will accept to sell, so incase it drops too far too quick and out of that spread you set before it sells and now more worth it to wait for it to come back up before you sell. There is also a trailing stop loss where you set a percent or amount it follows the price as it rises and if it ever drops the percent/amount you set it auto sells. These orders save/make people the most money in trading.
Remember you only make money when you sell and you only lose money when you sell.

t_baum88
Profile picture for user t_baum88
Posts
221
Joined
1/29/2019
Location
Decatur, GA US
t_baum88 12/21/2020 10:03pm
12/21/2020 10:03pm
Since I see some of vital have found the new meme that is PLTR. Nearly 2 billion shares become unrestricted at the end of january. Retail found and pumped it long long before market makers and big $ wanted them too. They will manipulate the price and keep it down as much as possible until they are able to secure their final position at the price they want, aka at the end of january.

Pull the trigger on 5/21 50C in about a month
1

Pit Row

See All »
ns503
Profile picture for user ns503
Posts
4552
Joined
4/1/2008
Location
NS Toolies CA
ns503 12/22/2020 4:01am
12/22/2020 4:01am
lestat wrote:
Where will it be a month from now is the real question 😬
XXVoid MainXX wrote:
I've been out looking at new houses the last few weeks. I'm not buying anything until I see what it looks like it's going to do...
I've been out looking at new houses the last few weeks. I'm not buying anything until I see what it looks like it's going to do. Smile
yz133rider wrote:
Do you think I should get in now? I just bought 15 shares of pltr because of this thread. Any others worth dipping into? I’m starting...
Do you think I should get in now? I just bought 15 shares of pltr because of this thread. Any others worth dipping into? I’m starting out very small, but you have to start and learn somewhere.


Also, when I made the order for pltr there were options like limit, trailing , market A few others. Idk any about it. I picked 15 shares and type was “market”.

I just want to buy in at x cost and if it goes up I make some money and if it goes down I lose some money.

I don’t want to do margin trades or options or whatever else because I literally don’t hardly have a handle on what I’m doing.


Just keep talking guys! I’m listening and tying to learn. Love this discussion.
The first basic thing to know is market vs. limit. When buying or selling. That's the only trades I have done so far. Well, aside from that one stop-loss that ended up biting me. Actually I do like 95% limit orders. Rare market. Carry on like that while boning up on everything else. One of my accounts has the option of trading options, but I haven't dipped my toes yet. And I don't know that I will every go to shorting & margins - according to all the financial experts, I shouldn't even be trading stocks period at this point in my life. Margins & shorting is a whole other level of risk. I never was a very good gambler.
Vanilla
Profile picture for user Vanilla
Posts
175
Joined
5/16/2012
Location
NL
Vanilla 12/24/2020 2:48pm
12/24/2020 2:48pm
t_baum88 wrote:
Since I see some of vital have found the new meme that is PLTR. Nearly 2 billion shares become unrestricted at the end of january. Retail...
Since I see some of vital have found the new meme that is PLTR. Nearly 2 billion shares become unrestricted at the end of january. Retail found and pumped it long long before market makers and big $ wanted them too. They will manipulate the price and keep it down as much as possible until they are able to secure their final position at the price they want, aka at the end of january.

Pull the trigger on 5/21 50C in about a month
What does the 50c mean?
t_baum88
Profile picture for user t_baum88
Posts
221
Joined
1/29/2019
Location
Decatur, GA US
t_baum88 12/25/2020 6:19am
12/25/2020 6:19am
t_baum88 wrote:
Since I see some of vital have found the new meme that is PLTR. Nearly 2 billion shares become unrestricted at the end of january. Retail...
Since I see some of vital have found the new meme that is PLTR. Nearly 2 billion shares become unrestricted at the end of january. Retail found and pumped it long long before market makers and big $ wanted them too. They will manipulate the price and keep it down as much as possible until they are able to secure their final position at the price they want, aka at the end of january.

Pull the trigger on 5/21 50C in about a month
Vanilla wrote:
What does the 50c mean?
That’s a specific option chain. It expires May 21 and 50$ is the strike price.
factoryfatty
Profile picture for user factoryfatty
Posts
179
Joined
9/3/2016
Location
Vancouver, WA US
factoryfatty 12/30/2020 1:36pm
12/30/2020 1:36pm
factoryfatty wrote:
It's a chart of M1 money supply, aka the amount of cash or cash equivalents in the system. The Fed has increased this amount by 40%...
It's a chart of M1 money supply, aka the amount of cash or cash equivalents in the system. The Fed has increased this amount by 40% in the past 8 months.


Now all together now..... thank you federal reserve bank for diluting the dollar and pushing up asset prices.

No pain for billionaires
JM485 wrote:
What’s interesting though is we really haven’t seen much effect from it, aside from intangible asset prices like stocks becoming extremely expensive. Bitcoin is my hedge...
What’s interesting though is we really haven’t seen much effect from it, aside from intangible asset prices like stocks becoming extremely expensive. Bitcoin is my hedge against this, I know it’s a major risk and in the end I could be eating my words in a big way, but given the fact that Square/PayPal is pretty much buying every Bitcoin that is left to mine the supply is quickly being tapped out. It’s an experiment for sure, we’ll see what happens but I’ve looked into it and weighed the pros and cons, I’m a believer.

That said, help me understand why the increase in money supply hasn’t triggered major inflation yet. The prevailing theory I’ve heard is that because the Fed can’t inject money directly into the system, it’s basically been tied up in the banks who will not lend any money out, thus the fresh cash isn’t actually reaching the system. Is that true, or is something else at play here?
factoryfatty wrote:
Well if you believe the feds official garbage CPI inflation numbers then were only seeing inflation of 0.5% The Fed has a pretty big incentive to...
Well if you believe the feds official garbage CPI inflation numbers then were only seeing inflation of 0.5%

The Fed has a pretty big incentive to underreport inflation to keep confidence in the dollar, keep a lid on interest rates, and to keep social security payments down because they're tied to the official inflation rate.

In my small world though, in the past 8 months:

The value of my house went from 300K to around 350K.
I could sell my 4Runner for 10k in March, now I could probably get 15k for it.
20 year old 250 2 strokes went from 1500 to now what...3000+
Gold went from 1400-1500 up to floating around 1900
Silver went from 15/oz to now hanging around 25/oz
I've definitely noticed certain items up in the grocery store, mostly meat.

All of this while we have around 30 million people receiving unemployment benefits and huge chunk of the economy is shut down.
Since I posted up that last chart a few weeks ago of M1 money supply (which was showing data through October), check out the latest chart with Decembers data. Looks like those money printers haven't had a break since March (really since 2008).


AZ35
Profile picture for user AZ35
Posts
2899
Joined
6/1/2008
Location
Peoria, AZ US
Fantasy
815th
AZ35 12/30/2020 7:14pm
12/30/2020 7:14pm
The stock and RE markets sure seem like 1999 or 2006 to me....

I think we get a big "covid restrictions ending soon" bump first half of 2021. People will celebrate and spend like crazy. Then reality sets in that the government cannot keep printing money without consequences.
XXVoid MainXX
Profile picture for user XXVoid MainXX
Posts
8105
Joined
5/25/2012
Location
Schenectady, NY US
XXVoid MainXX 1/2/2021 6:22am
1/2/2021 6:22am
Nice 52 Week Range for TSLA: 70.10 - 718.72. Closed the year at $705.67. Wonder how 2021 will end?
1
factoryfatty
Profile picture for user factoryfatty
Posts
179
Joined
9/3/2016
Location
Vancouver, WA US
factoryfatty 1/2/2021 11:27am
1/2/2021 11:27am
Will the insanity continue for Tesla for another 12 months? Or will reality rear its head and probably one of the most overvalued stock bubbles in history collapse under its own weight? Guess time will tell
XXVoid MainXX
Profile picture for user XXVoid MainXX
Posts
8105
Joined
5/25/2012
Location
Schenectady, NY US
XXVoid MainXX 1/2/2021 2:07pm
1/2/2021 2:07pm
I just need another year like this one out of them and then I can get out.
lestat
Profile picture for user lestat
Posts
1762
Joined
10/3/2008
Location
Piut RE
lestat 1/2/2021 3:15pm
1/2/2021 3:15pm
I’m cheering for insanity but reality would be fun too . 🍿
SEE ARE125
Profile picture for user SEE ARE125
Posts
5658
Joined
3/28/2012
Location
TN US
SEE ARE125 1/4/2021 12:20pm
1/4/2021 12:20pm Edited Date/Time 1/4/2021 12:21pm
Probably a good time to get in on QS. I bought some at $50 and have orders to get more at $45 and $40. It’s on its way down, but I think it’s a decent longer term play.
XXVoid MainXX
Profile picture for user XXVoid MainXX
Posts
8105
Joined
5/25/2012
Location
Schenectady, NY US
XXVoid MainXX 1/4/2021 12:49pm
1/4/2021 12:49pm
I think it has potential for being a longer term play, but I think it's going to be a several years before it bears any fruit.

Post a reply to: Market testing the lows from Oct