Investing General Discussion

Shonuff

Shonuff

Mr. Poopybutthole
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Sanrith Descartes said:
So apparently Cramer left the Street and bailed on all his customers. I guess they made a mirror of his charity trust and have two guys running it. Didn't say a word to anyone, just up and bailed with no notice. I made money on the money I spent so it's all good but I'm not renewing. Just a shitty way to handle things. Welcome to Wall Street.
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Is that what happened? I see they came in and exited FB and AEO completely. They are kind of different from Cramer. Since I'm paid up for a year, we'll see how they do. I don't care who it is, if I think they can make me money.

Be careful with the renewal, it is set to auto renew.
 
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Furry

Furry

WoW Office
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Guess I just kept buying this long term recession, and here I am again near record highs.
 
Shonuff

Shonuff

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BABA at 151...because Xi hasn't touched it. Give it a few days, he'll be messing with it again.
 
Zog

Zog

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Jesus christ


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Sanrith Descartes

Sanrith Descartes

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Shonuff said:
Is that what happened? I see they came in and exited FB and AEO completely. They are kind of different from Cramer. Since I'm paid up for a year, we'll see how they do. I don't care who it is, if I think they can make me money.

Be careful with the renewal, it is set to auto renew.
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Yeah I'm going to cancel mine and just let it rub out.
 
Jysin

Jysin

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Shonuff Shonuff grabbed 2k shares of NCLH when it bounced nearly to the penny off of the $27.32 100D/200D support which are currently aligned. Daytrade.
 
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Shonuff

Shonuff

Mr. Poopybutthole
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Jysin said:
Shonuff Shonuff grabbed 2k shares of NCLH when it bounced nearly to the penny off of the $27.32 100D/200D support which are currently aligned. Daytrade.
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I'm still recovering from my swing on JETS, the downgrade of two companies brought down the whole damn sector.
 
Jysin

Jysin

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Shonuff said:
I'm still recovering from my swing on JETS, the downgrade of two companies brought down the whole damn sector.
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Get that, but this was a daytrade. I am out already. When 100D and 200D moving averages happen to align to the penny, that is some serious support to try a trade. It's all about probability / risk v reward. Easy decision to take on a big position with intent to cut it if we break ~5c below (risk), where reward was an easy bounce 10c+

Cut first half at vwap for 30c profit ($600). Then balance when SPY pulled and we made 2 topping tail wicks on the 5min and broke back below vwap ($600). ~$1200
 
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Shonuff

Shonuff

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This just saved me on a position that was running. I want to let the profits run, but go do something else. You do this when you want to secure some portion of the profit, while letting it run. You have to have enough room to account for volatility, so you don't get stopped out prematurely.

 
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Hateyou

Hateyou

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You need to sprinkle in some loss porn now and again.
 
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Shonuff

Shonuff

Mr. Poopybutthole
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Hateyou said:
You need to sprinkle in some loss porn now and again.
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I posted my loss of 369 trying to short Facebook on 10-5. I lost 17 on a trade yesterday (not posting on that). These are my only losing closed trades this week.

Everybody loses, nobody should think differently. But I do cap my losses.
 
Shonuff

Shonuff

Mr. Poopybutthole
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Closed trades so far this month. All is going well except for JETS...gas prices. That one is still open. I should have stopped that one out, I was thinking the trade was foolproof (a binary decision based on covid declines) and didn't factor in the gas price issue.

The losers came from me not paying attention to the signals. My gut told me the signal was wrong on FB. When she testified FB was killing teens, I knew for sure it would go down. Only they bought it up. The 17 was from me getting waylaid with work (going through resumes). So the losses (like 80% of mine) come from me getting distracted or not being focused. 80% of the time it's a ME problem and not a MARKET problem (although the last week of last month was super choppy and hard to predict).

I'm not holding KWEB overnight. I'm not some sort of crazy person. The Chinese stocks are trades, its too early to invest in them. Until Emperor Xi comes out and apologizes and says China is open for business, you just can't do it.

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Blazin

Blazin

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I like +5k days
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I always nit pick each pullback in hindsight that I could have been more aggressive but overall I'm happy, put a lot of money to work. Up $11k for the month in my trading account and it's the 7th, will let some positions run and go back into hibernation until next time. I had such a strong start to the year with the tech pullback that I had hit my yearly goal around April, so I adjusted it, and as of today I just hit the adjusted YE goal. Doesn't mean I won't trade but will probably be pretty selective. I still think base case is we enter the 4600-4700 range this year at which point we enter a period of consolidation.

I had a good read of the move but I have $600k that is money for my house build and I'm just not comfortable being too aggressive with it when my need for the cash is so soon. Obviously everyone would say just borrow the money and during dips it gets tempting as that could have been a $50K profit month with more aggressive positioning but I learned a long time ago that debt is just not part of a life style that I'm interested in.


Recent Long Term Adds: (not short term Trades)
MTTR ($20.00 cost basis) To those who followed me in your probably seeing how crazy volatile it is, my plan is to ignore this. I want 100x minimum. Was up 25% and it's always tempting to sell but for me this is going to be a longer term hold. So if you are trading it just be ready for 10% moves up and down, if you really want short term then maybe putting a stop in if we get back to $22 is probably a good idea but I think more money will be made being patient but that could take years to play out.

MRK (71.50 cost basis) very happy with this one, I will likely be putting a stop in for the high 70s. While I want to be in the name I'd rather not give back the 10%+ move. Would just reenter if I were to stop out.

CLF ($19.50 cost basis)- Another crazy volatile name, my target is ~26 area. While It's not a trade per se, maybe a long swing. If I can make 30% on this I'll likely move on at some point.

CAH ($51 cost basis) - Was hit pretty hard in pullback having nice day today. I'm looking to add more on weakness. Would probably not add additional shares until 10% below this level.

I continue to hold SPY, AAPL, AMZN, VZ, WMT, IWM, DIS SBUX and ABBV
 
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