Economy stock talk v7, meme stocks go up

[kahiljabroni]

lolz, someone on wsb just posted a screenshot of some of the .50 puts i was selling.

Yeh i saw that post.

I tried to get slick and got fked today. I dropped 10k on BA at 148 with intent of selling eod. I put a stop loss at 145. Low for the day was exactly 145. If that didn't trigger i would have made quick 350 instead i loss over 2 hunge....so a 550$ swing lost by a penny. Never again buying a premarket rally

 

[brackis1]

im playing oil stocks up alot this year

Any you particularly like?
I feel like it's BK pricing for most besides majors

 

[brackis1]

Yeh i saw that post.

I tried to get slick and got fked today. I dropped 10k on BA at 148 with intent of selling eod. I put a stop loss at 145. Low for the day was exactly 145. If that didn't trigger i would have made quick 350 instead i loss over 2 hunge....so a 550$ swing lost by a penny. Never again buying a premarket rally

No just don't get swept by tight stops like a dingus or you put half on the stop.
Each stock and scenario is different but if you set a stop within 2% you're just asking to get caught. I've done the same and hated myself for it too.

 

[rob mafia]

i've never used a stop-loss. i generally play close attention to anything that would require it, though.

 

[Last Samurai]

im playing oil stocks up alot this year

 

[kahiljabroni]

No just don't get swept by tight stops like a dingus or you put half on the stop.
Each stock and scenario is different but if you set a stop within 2% you're just asking to get caught. I've done the same and hated myself for it too.

100%. I think I'm 4 for 4 getting burned doing it. Never again. Im mostly an investor but trying out different strategies to make few hundred a day trading.

 

[44nutman]

Any you particularly like?
I feel like it's BK pricing for most besides majors

I know you are not a fan of penny stocks, but I made a shit load on PACD recently. Made 38% is one day, bought the day before and sold the next day. Was pissed because could have sold it for more if I was sitting around a computer. Sold on the way down it went back up and then dropped like a rock. It made a little move last week its back to .52. I will jump back on Monday.
https://dbtnews.com/2020/04/06/market-cap-of-pacific-drilling-s-a-pacd-reaches-28-83m-now-what/
Caveat Emptor
The penny stock game should be looked at purely as a gamble. Dont go fucking nuts on it, because sometimes weird shit happens with them and you get stuck with a stock, but then again you are only playing them to hit a Home Run.

 

[brackis1]

100%. I think I'm 4 for 4 getting burned doing it. Never again. Im mostly an investor but trying out different strategies to make few hundred a day trading.

Now that I think about it, I got stopped out @ $109 on a BA $112 purchase a few weeks back that then rallied to 125 lol.

 

[milkmandanl]

My 401k has almost recovered went from less than 20% loss to slightly under 5% YTD

 

[brackis1]

My 401k has almost recovered went from less than 20% loss to slightly under 5% YTD

That's cause stonks only go up bro. Time to push all in.

 

[milkmandanl]

That's cause stonks only go up bro. Time to push all in.

my 401K is almost 30 years old...it’s seen a few ups and downs over the years and at this point it would be ludicrous of me to put more than 34.4% of it in stocks, even with this excellent opportunity...however, I may move some additional into “safe stock funds” such as S&P 500 and Blue Chip focused funds...why? Cuz the stonks (is that a SD term?) only go up, mano!

 

[brackis1]

my 401K is almost 30 years old...it’s seen a few ups and downs over the years and at this point it would be ludicrous of me to put more than 34.4% of it in stocks, even with this excellent opportunity...however, I may move some additional into “safe stock funds” such as S&P 500 and Blue Chip focused funds...why? Cuz the stonks (is that a SD term?) only go up, mano!

Oh I'm being cheeky.
Stonks is a young persons mockery term for stock trading.

 

[barca2012]

Any you particularly like?
I feel like it's BK pricing for most besides majors

MRO and HAL are making me $$

 

[Gas121]

Be careful folks we may have not seen the bottom yet. There is potential for a bloodbath in the coming months. Big job losses, no spending and covid looks to be here for the long haul.

You either buy now and ride the waves for the long term. This isn't a time to gamble unless you can afford it.

No one knows where this market is heading. Its being propped up and noobs are getting in to make a buck. They will sell once the market tanks again.

 

[rob mafia]

yeah, yeah.

look, nothing in the market is EVER guaranteed. no one EVER knows what the next month will bring, with the possible exception of insiders. one can make a bet on an upcoming earnings report, be right, and still watch the market move irrationally in the other direction. same as ever.

 

[44nutman]

https://www.dailymail.co.uk/news/ar...llapse-storage-fears-Asia-equities-mixed.html
Ignore my prior post, oil stonks should be in the shitter today.

 

[reveler]

you almost have to buy USO at these prices and hold long term. oil is too sensitive to geo politics to stay in the toilet forever.

 

[Letssnuggle]

https://www.dailymail.co.uk/news/ar...llapse-storage-fears-Asia-equities-mixed.html
Ignore my prior post, oil stonks should be in the shitter today.

I just hit sell on everything that I’m not willing to ride out. This is a disaster. I believed our economy would recover if people were sent back to work before oil storage was full.

This didn’t happen. Small to medium size oil/chemical companies are now being forced to completely shut-down production units as there is nowhere to store their products, and will soon go bankrupt. This is going to ripple through our economy.

I’m now investing as if we are in a depression.

 

[brackis1]

lol SHAK (Shake Shack) with a shady AF interview on CNBC and getting tweets from Mnuchin about returning their small biz loan to the gov.
So fucking weird and PR sheisty.
"oh hey we're a multi bil company, but we need a small biz loan of 10 mil. Oh psyche just kidding let's reject it and get 10 mil in free politically tinged advertising instead"

 

[brackis1]

lol conmen at every turn on CNBC.
PLNT CEO: "Fitness improves your immune system so you should come workout" rofl.


And now the scary interview: some celeb chef thinking restaurants can get by with private dining. Maybe shit is worse than I thought.