SoulOnIce
Registered User
- Sep 12, 2009
- 353
- 80
He’s good at buying stocks but no one should listen to his shorting strategies.
Could you explain more to me on this? I don't really understand your post? I recently sold Sundial. But could been a mistake.The SNDL Jan 15th 1 dollar strike had crazy high volume, 37K contracts, 97K open interest, that's nuts. Someone must think it's going to pop before next Friday, i added some at .07 and .05 for shits and giggles.
I’ve been lurking for a while and just want to thank everyone for the awesome advice. I’ll echo what others have said and hope this thread sticks around long after the pandemic.
I haven’t been around here much in the past week or two, and haven’t been trading as much either, but holy shit every time I check my brokerage account it’s been up a few percent per day. Mostly on the back of Tesla (which I foolishly sold almost half of on S&P inclusion day) and Bitcoin. My timing with Bitcoin was pretty fortunate, I got in just over a month ago and it has doubled since. Also have positions in a few ARK funds, clean energy (QCLN), semiconductors (SOXX), gambling (BETZ, PENN, GNOG, DKNG), tech (VGT, AMZN, SQ, BABA) and a small position in ETH. BABA seems to be my only loser recently.
All this to say, this has been a ridiculous run up that is clearly not sustainable, but wondering what people’s thoughts are on what stocks or sectors have the most upside in the next few years. I would like to consolidate my positions a bit and take a slightly more aggressive approach. I know we have some super Tesla and Bitcoin bulls in here (whose advice has made me a lot of money so thank you!). Obviously no one can really predict the market short term, but does a pull back seem inevitable or is now as good a time as ever to start adding to those positions? Or might I want to look elsewhere when I re-balance? For reference, I currently have 20% of my portfolio in BTC and 15% in TSLA, although those percentages seem to go up by the minute
EDIT: sorry for the long post, basically wondering what people are most bullish on and whether they expect any kind of short term pullback in those stocks/sectors given the crazy run up recently
I have only been trading on my own for 2.5 weeks (I have a 401k and rollovers that are set up in funds) but I put 5k into a TD Ameritrade account on DEC 28th and doing research I was going back and forth between BABA and BIDU. I decided on BIDU because of an article read that mentioned them and quantum computing. I only bought 5 shares since I only started with 5k and holy smokes they are almost 20% in that little bit of time. Then the whole thing with BABAs CEO going missing...I got really lucky on that pick
By the way, in case people missed it here is a great read on why the markets have been doing so well during a global pandemic. Seems so obvious now but I did not connect the dots back in March/April of last year. Took me a while to trust the recovery so I got in relatively late unfortunately (my first buy was VGT in July/Aug) but I can’t complain about the returns since
Why Markets Boomed in a Year of Human Misery
Yikes. This didnt age well. NIO opens at an ATH.I'd dump NIO now and use that money on something else.
Whats going on with FANS?
In a somewhat disappointing turn of events my portfolio is only up 3.5% so far today. Is the market broken or what? /s
lol 5 % + here. this is insane.In a somewhat disappointing turn of events my portfolio is only up 3.5% so far today. Is the market broken or what? /s
Isn’t that just as bad, or worse than a bubble? If people arent trusting the US Dollar wont they take their money out of the market and put it on other things like Crypto/Gold? That could cause the same results of a bubble popping.I am increasingly convinced that what we are seeing is not a market bubble, but a growing vote of no confidence in the US dollar and fiat currency in general. I'm sure I am not alone in this thinking.
TSLA and BTC are the two things that I see as the best ways to store my value as the USD continues to weaken. Maybe they aren't even gaining value as fast as it seems, but are in fact just doing a better job than everything else of avoiding losing value? That is an interesting thought. Obviously an exaggeration but it gets the point across.
Okay, 5%. That's more like it. Sometimes you just have to complain a bit in order to get satisfaction.
He’s good at buying stocks but no one should listen to his shorting strategies.
How long you planning on hanging onto SI? I started a position in the low 60s and may end up selling at some point to put some more into QBTC.
Could you explain more to me on this? I don't really understand your post? I recently sold Sundial. But could been a mistake.
Same. I cashed out in March like a fool (before the bottom, but I shouldn't have cashed out at all). Sat in cash for a few months look a noob and then I got back in on July 1 and I'm up a little over 100% since. But should have done WAAAAY better if I had been smart enough to figure out TSLA sooner.
Isn’t that just as bad, or worse than a bubble? If people arent trusting the US Dollar wont they take their money out of the market and put it on other things like Crypto/Gold? That could cause the same results of a bubble popping.
Still 3x my returns. Grass is always greener haha.
Your conviction in Tesla along with my decision to challenge my personal risk tolerance helped me open a larger position than I ever thought I would (even if I liquidated a large portion of it). Thanks for the great advice!
I am increasingly convinced that what we are seeing is not a market bubble, but a growing vote of no confidence in the US dollar and fiat currency in general. I'm sure I am not alone in this thinking.
TSLA and BTC are the two things that I see as the best ways to store my value as the USD continues to weaken. Maybe they aren't even gaining value as fast as it seems, but are in fact just doing a better job than everything else of avoiding losing value? That is an interesting thought. Obviously an exaggeration but it gets the point across.
Okay, 5%. That's more like it. Sometimes you just have to complain a bit in order to get satisfaction.
Unfortunately I don't remember the it was, who exactly said it, or where the market was (I know, not much help). I believe it might have been Cramer or someone of equal stature.
They stated, when the market was around 23000 or 24000 (iirc) that future gains were limited because there "simply wasn't any more money to put into the market. Every one is tapped out." I remember it clearly (I know for sure it was before the Covid crash).
So my question is - where is all of this extra money coming from? Are countries printing money specifically to invest in the market?
It's almost impossible to lose money right now. I've made almost $10,000 dollars this month barely lifting a finger. 8 fricking days.
By the way, in case people missed it here is a great read on why the markets have been doing so well during a global pandemic. Seems so obvious now but I did not connect the dots back in March/April of last year. Took me a while to trust the recovery so I got in relatively late unfortunately (my first buy was VGT in July/Aug) but I can’t complain about the returns since
Why Markets Boomed in a Year of Human Misery