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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
[Reply]
ThaVirus 08:50 AM 03-02-2021
Originally Posted by jjchieffan:
I had about $16k in my account on DeC 1. On March 1, I'm at $115k now.
Very impressive, if true.
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scho63 08:52 AM 03-02-2021
FRX should change their symbol to FUX or SUX
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MTG#10 08:56 AM 03-02-2021
Originally Posted by scho63:
FRX should change their symbol to FUX or SUX
That shit SPAC is killing me
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Hammock Parties 08:58 AM 03-02-2021
You must learn patience.
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scho63 09:22 AM 03-02-2021
Originally Posted by Hammock Parties:
You must learn patience.
Not when your trading options that expire on Mar 19th :-)
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Buehler445 10:20 AM 03-02-2021
Originally Posted by scho63:
Not when your trading options that expire on Mar 19th :-)
:-)
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Hog's Gone Fishin 12:44 PM 03-02-2021
Anybody follow this guy? He's an absolute blast to listen to . He must guzzle Red Bulls by the case. He's heavy into AMC and gives a ton of explanations about it throughout this video. I just found him this morning and had to watch this whole damn video and now I'm behind on my rat killin. And yeah, I'm in for 200 shares now dammit!


[Reply]
Hammock Parties 12:46 PM 03-02-2021
I'll buy AMC at close.
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displacedinMN 12:53 PM 03-02-2021
Originally Posted by lewdog:
HOW MUCH ARE U UP TODAY, BRO?!?!?!?!
Up 12k Monday.

This is why I should not look at it every day
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Mr_Tomahawk 01:04 PM 03-02-2021
There is nothing at AMC's chart that would tell me to buy into them, again.
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lewdog 01:15 PM 03-02-2021
So we’ve got some in on ZOM here?

What’s selling target on this? Chart isn’t terrible.
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lewdog 01:16 PM 03-02-2021
Originally Posted by displacedinMN:
Up 12k Monday.

This is why I should not look at it every day
Now you’re getting it!

I only check my retirement accounts every 2 months. Rebalance once per year.
[Reply]
KCUnited 01:29 PM 03-02-2021
Originally Posted by lewdog:
So we’ve got some in on ZOM here?

What’s selling target on this? Chart isn’t terrible.
Legit interested in learning more about selling points, not just for ZOM but in general.

Which stocks or investments are considered long term holds and how is it determined?

Where do people put the profits from swing trades? Other than more swing positions that is.
[Reply]
lewdog 01:48 PM 03-02-2021
Originally Posted by KCUnited:
Legit interested in learning more about selling points, not just for ZOM but in general.

Which stocks or investments are considered long term holds and how is it determined?

Where do people put the profits from swing trades? Other than more swing positions that is.
My technique for swing trading. Typing on phone, be kind!

Read my long post on selling. Swing trading is about small gains and trimming out of stocks with 5-10% gains and raising stops to breakeven. Trying to be 50-60% successful and having gains double your loss percentage.

I only hold long term stocks that have good fundamentals. While swing trading is all about technicals and charts, I don’t care if it’s a good company long term. I’m trading stocks on current action which is taken solely from the chart.

Profits are just moved to the sideline until other setups are found for entry. Mid February I was 100% invested. With the drop at end of February I was only 30% invested. Today I’m 50% invested until I see where this market heads and I find new setups I like. The biggest mistake is rushing to get back into trades if the market is trending down. This just gets you stopped out and results in too much failure.

Example of some recent moves. I bought PYPL and SQ on Friday as they retraced prior breakouts. Today I sold both for 6% profit. That money is now on sidelines. Monday I initiated AAPL position on retrace too, and today I sold 50% of that position for 4.25% gain. I moved stop on remaining position to breakeven. I bought shares of COOP last week on its new breakout and today it’s at net profit of 7% for me. I trimmed 50% of position there today and raised stop on rest to previous days low. I will see if this runs to 10-15% profit and get out. Got into ENPH today on what I hoped was a light pullback at 181. I set stop loss at 175 right after purchase. I got stopped out 2 hours later for 3.3% loss. I thought entry was a small enough risk to take but it didn’t rebound. But that’s what assessing risk does for you, 3.3% of a full position is only .4% of my total account value.

Hope that helps.
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MTG#10 02:21 PM 03-02-2021
You're gonna be happy and disappointed in me lewdog. I bought into RKT at open this morning, made a quick $1500, took my gains and sold.

But then I spent that $1500 on more AMC.
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