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Congratulations.
Stock Market/Investing
- Thread starter knoxville7
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It did appear in my portfolio finally.. of course will after it went to 18.
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Everything seems to be tanking.... I'd hang in right now and just wait for the market to bounce back.
It always fucking does.... this is how the institutional investors make money.
When it is on an upswing.... sell stock, sell call options, hedge with put options.
When it is on a downswing.... buy/hold stock (cost avg down), buy/hold call options (depending on term), hedge with call options.
Look for a bottom.... BUY BUY BUY..... wait for upswing.... rinse and repeat.
It always fucking does.... this is how the institutional investors make money.
When it is on an upswing.... sell stock, sell call options, hedge with put options.
When it is on a downswing.... buy/hold stock (cost avg down), buy/hold call options (depending on term), hedge with call options.
Look for a bottom.... BUY BUY BUY..... wait for upswing.... rinse and repeat.
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I'm not panic selling... I am just unfortunately full invested now and have no money to buy any dips lol.
Kinda what I figured was gonna happen though.. I got impatient and didn't wait for this to happen. Of course as my personal logic tells me, the market only tanked because I bought in. If I hadn't bought in, it'd still be going to the moon.
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If it makes you feel any better I think the same things lol.
"Fucking hedgies were waiting for me, personally, to buy 2,500$ worth of stock.... so they could ruin my investment!"
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Here's my market entries for you:
2008 - Market massively crashed in September, I don't recall when I actually bought in.
February 2020 - Just before COVID crash - though this was only to buy index funds in my Roth.
February 2021 - ????
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You're timing the market the wrong way.
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Duh.
I stayed in throughout 08-09.. Did buy plenty of things low.. ended up making about a sizeable amount by 2013 when I sold everything to buy a house.
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This is actually pretty impressive.
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Well, at this point, I'm not withdrawing any time soon, I'll probably keep investing money, though mostly in my Roth. Likely to just let my personal account stay at the same amount sell/buy other things.
So expect the market to look like the 1970s and do absolutely nothing.
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Not when Scoot's in the market!Are you saying.... ape no go... to moon?
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HearshotKDS
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Brutal day, but its been bad for like 8 of the last 10 days. One of the things I strongly suggest to anyone who is looking at a portfolio full of stocks they plan on waiting out the correction on: learn how to sell covered calls. It's like charging the stocks rent in your portfolio, all you have to do is have 100 or more shares. If you expect stock to go down in short-mid term its more or less free money.
Pretty much the only thing making me money the last week besides covered calls are DASH puts as the price yoyos between 152 and 140 where SoftBank fights/inflates the price to keep it above 127.50 for Tuesday when the share lockup ends.
Pretty much the only thing making me money the last week besides covered calls are DASH puts as the price yoyos between 152 and 140 where SoftBank fights/inflates the price to keep it above 127.50 for Tuesday when the share lockup ends.
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Guys I'm sorry for investing in the cannabis industry.
HearshotKDS
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Making so much fucking money on DASH puts.
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Now's a good time to really build up on some of those positions.
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Cool, wanna send me some cash?
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The bubble seems heavily supported by massive top end inflation, and by that I mean the 1% and upper echelon salaries are stretching further and further from the median and mean.
