Investing General Discussion

Fogel said:

For all the people trading individual stocks, you want to set a PPM, personal profit margin. Say you want to make 10% on every trade, once a stock hits 10% you sell, no questions. Never deviate from your plan. You can always buy back in if it dips, otherwise you take your profit to a new trade to make another 10%. No one can tell you when to buy/sell in the end. Your other choice is to use trailer stop losses. But same thing, stick to a plan with stop losses. Unless you're Hateyou

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At least I made enough to actually have tendies that night!

I want to make 50% on every trade but so far it’s not working out.

Seriously though, I generally do 15-35%. if it’s under 15 for months and not something I want long term I’ll sell it just to move to something else. I used to just hold and never sell at a loss but sitting on xom and intc for a while in the red I sold them and moved to SLYV and those are up 50% in five months. It was actually kind of a good feeling to just stop looking at the red every day and I’m glad I did it. They’d be the same/lower than when I got out from under them.

Khane said:

All SPACs are dubious at best. They are backdoor channels used to get questionable companies an IPO for a quick buck. The blind optimism surrounding them here is... kind of weird actually.

For every 1 Lucid there are 10 NKLAs

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Have you noticed that everyone here just rides the short pattern of the money making part of the stock? No one here is advising holding these or that it’s a good business model, we’re just using the fairly predictable pattern to make short term money. While the pattern remains predictable, why not make money from it? Eventually it won’t be predictable anymore and everyone will move on.

Wingz said:

For the newer people be sure to check your tax implications.

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That’s sad people if don’t realize they have to pay taxes on earnings.

Keystone said:

Speaking of spac's i saw that Simon Property Group is launching a $300M one (spgs I think) that was filed 1/29, going to try to get on that train as soon as it launches, as they are typically associated with high end malls etc, so whatever they end up targetting will be a brand that people recognize which should add a little fuel to the rumor burn when it happens.

How long does it typically take from "filed" to where you can purchase the security on fidelity or whatever, anyone know?

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They’re associated with the dumpy dangerous malls too, at least in Indiana. Not saying don’t buy it, just some info.

Jackie Treehorn said:

Just got an email from Robinhood stating FOR A LIMITED TIME ONLY, they’ll 5 percent match up to $150 any deposits you make. So if you deposit 3 grand you get a free $150.

Looks like someone lost a lot of accounts.

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Would really love to see their daily (weekly) withdrawal amounts compared to average