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So buy every SPAC on the market at $11 and then sell when any of them hit $25. I'm going to be a millionaire so fast. Who knew it was this easy?
Investing General Discussion
- Thread starter Furious
- Start date
Arden
Blackwing Lair Raider
- 2,971
- 2,241
Yeah, that's super helpful, thanks man.
So if I'm reading that right, you want to get in near IPO when the price is still around $10. Then you hold for 4 to 6 months while momentum builds (Catalysts 1 and 2). Then when Catalyst 3 hits, you wait until it peaks and starts to drop, and sell as close to peak as you can.
That seem right?
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Fogel
Mr. Poopybutthole
- 15,156
- 63,833
Pretty much. Some people don't like to get in too soon, so they'll wait a few months and buy in at 11-12. Then some sell for a quick 10-20% while others hold from more. This is where you start to develop what works for you.
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Tmac
Adventurer
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I feel like this kind of applies loosely to every investing mechanism.
1. Listen to FOH hive-mind to know the good apples
2. Know what catalysts you're looking for (when to get in, get out, and if to get back in)
2. Watch for those catalysts/triggers and make moves accordingly
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Tmac
Adventurer
- 10,508
- 18,565
Just wanted to say I'm thankful for the folks around here that share info:
Jackie Treehorn
,
Sanrith Descartes
,
Fogel
,
Blazin
, and any of you others I'm less familiar with.
I cut my teeth on BTC a few years ago and all the bad plays really taught me a lot. Knowing what to look for up front was always the biggest challenge to me and you guys have made that a lot easier just by following the discussion here.
I'm also hoping to improve my move-making by understanding more of the mechanisms I can use to "get out" without having to watch and "get back in".
So, thanks!
Jackie Treehorn
,
Sanrith Descartes
,
Fogel
,
Blazin
, and any of you others I'm less familiar with.I cut my teeth on BTC a few years ago and all the bad plays really taught me a lot. Knowing what to look for up front was always the biggest challenge to me and you guys have made that a lot easier just by following the discussion here.
I'm also hoping to improve my move-making by understanding more of the mechanisms I can use to "get out" without having to watch and "get back in".
So, thanks!
- 10
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Arden
Blackwing Lair Raider
- 2,971
- 2,241
Just wanted to say I'm thankful for the folks around here that share info:
I cut my teeth on BTC a few years ago and all the bad plays really taught me a lot. Knowing what to look for up front was always the biggest challenge to me and you guys have made that a lot easier just by following the discussion here.
I'm also hoping to improve my move-making by understanding more of the mechanisms I can use to "get out" without having to watch and "get back in".
So, thanks!
Yeah I'll definitely echo that. Cruising the shitshows that are the other boards/discords over the past week has made me really appreciate this one.
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Loser Araysar
Log Wizard
- 89,841
- 182,319
Fogel
Mr. Poopybutthole
- 15,156
- 63,833
Sold GHIV for a loss after holding it for over a month, could of held it longer for a bigger loss. Can only cut bait and put the money in a fresh spac
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Tmac
Adventurer
- 10,508
- 18,565
Meme investors are good for something! Should've known GHIV was bad apples.
Sanrith Descartes
I was forced to self-deport from the /pol thread
- 49,074
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