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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]
Rain Man 02:14 PM 07-21-2021
Originally Posted by TambaBerry:
I'm waiting for 5 digits before selling
Hopefully they're all on the left side of the decimal point for you.
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lewdog 02:35 PM 07-21-2021
Originally Posted by Hog's Gone Fishin:
Dow up 500 yesterday and 250 today so far, trying to time the market is not a good strategy.
And in trading I jumped back in with numerous positions on momentum, all 2-3% risk with stops. It’s called using rules and having a plan!
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lewdog 02:56 PM 07-21-2021
Originally Posted by Hog's Gone Fishin:
Been holding a heavy bag on VYGVF but it's having a good day. Seems to be tied to Bitcoin which is stupid. It's the most profitable company in the OTC market.
Bag holding is for those who have no plan, just going off hope!
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MTG#10 04:23 PM 07-21-2021
Originally Posted by lewdog:
Bag holding is for those who have no plan, just going off hope!
So you never hold stocks even under what you paid for them because you feel they'll be worth a lot more in the future? I'm glad I didn't have that mindset when I bought during the market tank last year.
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lewdog 04:27 PM 07-21-2021
Originally Posted by MTG#10:
So you never hold stocks even under what you paid for them because you feel they'll be worth a lot more in the future? I'm glad I didn't have that mindset when I bought during the market tank last year.
Of course not. I’m giving Hog shit because he tried calling me out for going 100% cash last week in my trading account. There’s no need to bag hold in trading. Protecting capital is #1 so you can trade with momentum.

In more passive accounts I’ll absolutely add to positions and ride them down quite a bit more without selling.

It’s ok to treat different accounts…..differently.
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Hog's Gone Fishin 04:58 PM 07-21-2021
Originally Posted by lewdog:
Of course not. I’m giving Hog shit because he tried calling me out for going 100% cash last week in my trading account. There’s no need to bag hold in trading. Protecting capital is #1 so you can trade with momentum.

In more passive accounts I’ll absolutely add to positions and ride them down quite a bit more without selling.

It’s ok to treat different accounts…..differently.



Thats what I do. I have VYGVF in my Bag Holding account.
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MTG#10 05:07 PM 07-21-2021
Right now both of my portfolios are bag holder accounts. Oddly enough AMC is the only thing I'm green on at the moment. Not worried though.
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lewdog 05:08 PM 07-21-2021
Originally Posted by MTG#10:
Right now both of my portfolios are bag holder accounts. Oddly enough AMC is the only thing I'm green on at the moment. Not worried though.
Damn dude. What are some heavy down positions you have?
[Reply]
MTG#10 05:31 PM 07-21-2021
Originally Posted by lewdog:
Damn dude. What are some heavy down positions you have?
TLRY, UWMC, MMAT and COIN. That's all I am in at the moment besides AMC, and none are down more than 15%. All companies I believe in and have no doubt I'll make bank on them eventually.
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Halfcan 06:33 PM 07-21-2021
2 Grand Slam days in a row with 95% of my positions in the Green.

Can we finish the week strong?
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MTG#10 09:13 AM 07-22-2021
Originally Posted by Halfcan:
2 Grand Slam days in a row with 95% of my positions in the Green.

Can we finish the week strong?
Nope
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banyon 10:23 AM 07-22-2021
Originally Posted by MTG#10:
TLRY, UWMC, MMAT and COIN. That's all I am in at the moment besides AMC, and none are down more than 15%. All companies I believe in and have no doubt I'll make bank on them eventually.
You seem to be heavily into the MOMO stocks. Would recommend tight pattern based stops. I've had good success with this when I am disciplined about it.
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banyon 10:25 AM 07-22-2021
Bought some DPZ puts. this move is just silly.
Attached: dpz.JPG (89.9 KB) 
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scho63 10:26 AM 07-22-2021
Originally Posted by lewdog:
Of course not. I’m giving Hog shit because he tried calling me out for going 100% cash last week in my trading account. There’s no need to bag hold in trading. Protecting capital is #1 so you can trade with momentum.

In more passive accounts I’ll absolutely add to positions and ride them down quite a bit more without selling.

It’s ok to treat different accounts…..differently.
Excellent post! :-)
[Reply]
scho63 10:27 AM 07-22-2021
Lewdog, how did you wind up with APPL? Still holding any? Had a great run from $125
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