Great day, but apes have to be prepared for another price drop. Just like the price manipulation that tanks the stock, the shitbags manipulate it going up as well hoping people will be relieved to finally see another good day and sell. Don't fall for it, just hold until its a price you feel is good enough for you to sell. I'm not selling for anything less than $100/share, and even then I'll probably only let half of them go. [Reply]
Originally Posted by MTG#10:
Great day, but apes have to be prepared for another price drop. Just like the price manipulation that tanks the stock, the shitbags manipulate it going up as well hoping people will be relieved to finally see another good day and sell. Don't fall for it, just hold until its a price you feel is good enough for you to sell. I'm not selling for anything less than $100/share, and even then I'll probably only let half of them go.
Originally Posted by lewdog:
I’m still one of the only ones who posts shit while they do it. I was 90% cash by Thursday and 100% cash by Friday close. Still trying to show this thread you actually need to follow a system of guidelines.
Originally Posted by BigBeauford:
Bailed out of virtually all my stocks Friday. Things have been feeling strange lately between inflation, the weird housing market, and Covid still not being over. Feeling okay about it today.
Dow up 500 yesterday and 250 today so far, trying to time the market is not a good strategy. [Reply]
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.
I bought all my shares March 23rd, 2020, and flipped them last week for a 300% profit. I'll wait for the next big big dip in the market, but I'm definitely not into day trading. [Reply]
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. [Reply]
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! [Reply]
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. [Reply]
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. [Reply]
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. [Reply]
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]
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. [Reply]