Investing General Discussion

Pogi.G

Pogi.G

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Wingz said:
Buying long calls today..like 8 months plus.
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I would be careful with calls that far out. I wouldn't hold them longer than August maybe September. After September, I think you will be playing with fire. Biden's tax policies may not go into effect until 2022, but the meat of what he is going to do will be known a few months prior. His tax policies will make these last two weeks look like child's play.

Just my 2 cents...
 
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Pogi.G

Pogi.G

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Tmac said:
parachute GIF
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Panic selling is only for paperhanded bitches.
 
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Furry

Furry

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Pogi.G said:
I would be careful with calls that far out. I wouldn't hold them longer than August maybe September. After September, I think you will be playing with fire. Biden's tax policies may not go into effect until 2022, but the meat of what he is going to do will be known a few months prior. His tax policies will make these last two weeks look like child's play.

Just my 2 cents...
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If they pass a tax bill like they want about all capital gains being all taxed as short term... it'll pretty much be armageddon for the remainder of the year as people try to realize before it goes into effect.
 
Gravel

Gravel

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Wow, what happened there? Fucked off for a few hours and the market ended up green by about 2%?
 
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TheBeagle

TheBeagle

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Wild ride today. Decided to buy today's dip and hit a few limit orders that I went really low on. Turned out to be a good day after that rebound. Got back into two crypto stocks, ETHE and RIOT, bought more warrants of THCAW dirt cheap, and cost averaged BTNB down nicely.
 
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Sanrith Descartes

Sanrith Descartes

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I need to be away from a computer more often. I left this morning in a sea of red. Come home to this. A+, will not watch computer more often.
 
karma

karma

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lol. Rumor going around stocktwits is selling sentiment information (bullish/bearish) posted on their site to hedge funds to bet against the retailers has turned stocktwits into a bigger cesspool than before.

The potential ramifications of this being true intrigue me though (not that I would put it past a company to be doing this, I just lack an proof it is, or is not happening).
 
Jackie Treehorn

Jackie Treehorn

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karma said:
lol. Rumor going around stocktwits is selling sentiment information (bullish/bearish) posted on their site to hedge funds to bet against the retailers has turned stocktwits into a bigger cesspool than before.

The potential ramifications of this being true intrigue me though (not that I would put it past a company to be doing this, I just lack an proof it is, or is not happening).
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I feel like it’s bullshit. The collective IQ of Stocktwits was low enough to begin with, now it’s even worse after GME. These retards would believe anything.
 
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Sanrith Descartes

Sanrith Descartes

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karma said:
lol. Rumor going around stocktwits is selling sentiment information (bullish/bearish) posted on their site to hedge funds to bet against the retailers has turned stocktwits into a bigger cesspool than before.

The potential ramifications of this being true intrigue me though (not that I would put it past a company to be doing this, I just lack an proof it is, or is not happening).
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Wouldn't surprise me. Data is the new commodity for this century. If you aren't monetizing it, you aren't playing the game correctly.
 
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Arden

Arden

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Sanrith Descartes said:
Wouldn't surprise me. Data is the new commodity for this century. If you aren't monetizing it, you aren't playing the game correctly.
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That's why I keep dumping money in PLTR, even though it keeps kicking me in the balls each week.
 
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S

Schneider

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My supervisor turned off his managed Vanguard 401k and went all cash this week. I'm skeptical of this approach, as I think trying to keep your finger on the switch in the short term to call the bottom seems like a futile endeavor, but I am guessing this is fear of a repeat of last year. It's not something that I would consider mentioning here, but on The Stock Market with Bruce youtube channel he did mention that sometimes it's best to just stay out rather than compete with the big boys (especially if you're not watching the markets 24/7).

Also I finally have a small position in Tesla now, which means it will probably drop to 400 soon.
 
Sanrith Descartes

Sanrith Descartes

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Schneider said:
My supervisor turned off his managed Vanguard 401k and went all cash this week. I'm skeptical of this approach, as I think trying to keep your finger on the switch in the short term to call the bottom seems like a futile endeavor, but I am guessing this is fear of a repeat of last year. It's not something that I would consider mentioning here, but on The Stock Market with Bruce youtube channel he did mention that sometimes it's best to just stay out rather than compete with the big boys (especially if you're not watching the markets 24/7).

Also I finally have a small position in Tesla now, which means it will probably drop to 400 soon.
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People who sell to cash AFTER the downturn never win. It's been proven thousands of times. If you are scared the answer is to just not look. Every correction and crash EVER has been followed by new highs. While your supervisor is selling at what could be the bottom of this correction I am buying.
 
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Gravel

Gravel

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Schneider said:
My supervisor turned off his managed Vanguard 401k and went all cash this week. I'm skeptical of this approach, as I think trying to keep your finger on the switch in the short term to call the bottom seems like a futile endeavor, but I am guessing this is fear of a repeat of last year. It's not something that I would consider mentioning here, but on The Stock Market with Bruce youtube channel he did mention that sometimes it's best to just stay out rather than compete with the big boys (especially if you're not watching the markets 24/7).

Also I finally have a small position in Tesla now, which means it will probably drop to 400 soon.
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Ugh, market timing your retirement accounts is always a bad idea.

Look at it this way, are you expecting to need the money in the next 10 years? If not, it's almost a guarantee (spare me the Japanese example) that the market will be higher in 10 years. So why sell?

Also, keep in mind when I say "10 years" I mean actually liquidating it. Meaning, if you're not already retired, this probably isn't you (e.g. let's say you're retiring this year even, you likely won't be liquidating everything; you'll be liquidating 7-10 years worth).

If you're that scared of the markets, it means only one thing: your asset allocation is wrong! You need to diversify out of equities because you don't have the stomach for it. That's not a bad thing, it just means you'll need to save more money than someone who's more comfortable with risk.
 
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Sanrith Descartes

Sanrith Descartes

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ZH is bear porn, but it doesn't mean they are always wrong. One thing the last year has taught me is that things I thought the government would never do are quite possible. Capping bond interest rates? Who knows. If a flu can be an excuse to violate the Constitution, why not capped interest rates?

Zerohedge

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