Investing General Discussion

Gravel

Gravel

Mr. Poopybutthole
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Sanrith Descartes said:
Look at the bid/ask spreads and realize this is how market makers make tens of billions. Off minute amounts they pocket per transaction.

The real wealth is won off of consistent tiny profits multiplied by a very large amount of investment. You also see this with bond traders. They make small profits but do it with huge amounts of invested capital to generate large winnings.
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Rangoth

Rangoth

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Yea, we all know PLTR is way overvalued at the moment.

But it certainly has been a rough week. Including today I have multiple symbols down over 10% from Friday(3-4% a day in strong and steady decline). None of them are panic fear mode sells, but I did have to bail on two call option positions at like -15% loss :( /sad panda
 
Sanrith Descartes

Sanrith Descartes

Self deported.
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MSFT has broken through the 20-DMA and is now sitting on top of the 50-DMA. It has a healthy 8% of air between it and the 100-DMA. RSI still in the 40s. Not a great setup. It needs a save here.

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Rangoth

Rangoth

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It means that MSFT will “bounce” and go back up soon or it is likely that if it drops, it may very well drop another 8% or more.

if you want to add to your position you could set a trailing buy. I do that all the time for my long positions(or I do CSP to try and get A favorable entry)
 
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