Economy Stocks thread v28: in loving memory of Rob Mafia and Brackis1

Really should have followed suit when Buffet was accumulating cash a week or two ago.
 
RoastBeast said:
Really should have followed suit when Buffet was accumulating cash a week or two ago.
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I was completely out, then a couple weeks ago I got greedy and sold 1 week puts. I reasoned it was only a week and no way this stock will drop that far in a week. Famous last words lol I rolled once and finally closed today for -$1.5k. Ouch lesson learned again.
edit: it's a ~ $10k trading port so a good % hit.
 
lowlife said:
I was completely out, then a couple weeks ago I got greedy and sold 1 week puts. I reasoned it was only a week and no way this stock will drop that far in a week. Famous last words lol I rolled once and finally closed today for -$1.5k. Ouch lesson learned again.
it's a ~ $10k trading port so a good % hit.
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Be glad you only took a -$1.5k hit. I wish that was all I lost lol
 
RoastBeast said:
Be glad you only took a -$1.5k hit. I wish that was all I lost lol
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Yeah that's why I added the edit it's really not that bad considering, but still. Are you holding through or looking for a spot to jump ship?
 
RoastBeast said:
Really should have followed suit when Buffet was accumulating cash a week or two ago.
Click to expand...
it's a bit late now, if you got in a lot 3 months ago, you hurtin, if you got in 6 months ago, you fine.

I've moved a lot of money into my accounts waiting for a moment like this, figure the drop will take 3-10 months total...... then I'm going to progressively drop the funds, and I might start off with less risk like CARR and costco, then back to nflx, nvidia, tsla

buy

the

dip
 
lowlife said:
Yeah that's why I added the edit it's really not that bad considering, but still. Are you holding through or looking for a spot to jump ship?
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I sold some off a couple months ago so I'm only paying long term capital gains but I'm really just holding and DCA'ing in as each dip happens. I'm not good enough to mess with options and I'm really just starting to move more toward SP500 over individual stocks. Becoming a boring old man I guess.

What's your next move?

chardog said:
it's a bit late now, if you got in a lot 3 months ago, you hurtin, if you got in 6 months ago, you fine.

I've moved a lot of money into my accounts waiting for a moment like this, figure the drop will take 3-10 months total...... then I'm going to progressively drop the funds, and I might start off with less risk like CARR and costco, then back to nflx, nvidia, tsla

buy

the

dip
Click to expand...

Yeah I've been in it for a while but it sucks to see my portfolio go from 95% green, well into the double digit gains percent wise to half and half now.

Smart move. Buy when things seem the bleakest. Takes some time to figure that out. Early on I was reacting too quickly and wasting my money.
 
RoastBeast said:
I sold some off a couple months ago so I'm only paying long term capital gains but I'm really just holding and DCA'ing in as each dip happens. I'm not good enough to mess with options and I'm really just starting to move more toward SP500 over individual stocks. Becoming a boring old man I guess.

What's your next move?



Yeah I've been in it for a while but it sucks to see my portfolio go from 95% green, well into the double digit gains percent wise to half and half now.

Smart move. Buy when things seem the bleakest. Takes some time to figure that out. Early on I was reacting too quickly and wasting my money.
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if you're looking at it from a day to day style timeline, they move fast and furious, but a lot of that is also noise. Even when it hits bottom, it usually will go up for a bit and hit bottom again before it goes up, and usually I'll get in on the second test, even if it's weeks apart (did this with btc @ 52 last year).

I'm considering a more DCA approach this time around, instead of 100 a week, I might ramp it up to 1500 a week for 20 weeks, and I'll probably do CARR, Costco, and two Techs of my choice. My wife does day trades, and she's losing her mind right now because she's trying to scalp the up trend in a down market <lol>

she did pull out 10% for cash reserves, and in all honesty, we dont even look at how much we make or lose, we simply try to grow the accounts as big as possible. I'm sure we're down 40-50 from beginning of year to now, and it's not really bothering me, but ymmv. my investor friend is probably down 6-7 hundred, and he's looking to get in on the dip...... he's like 80+, time is not a luxury, and he's still playing this way.
 
Rough day



Managed to get in msft, googl, amzn, uri, iesc at just about the lows today, which was nice.
 
Art of the deal baby. I'm put all my superannuation into cash a month ago, looking a great move
 
Gotta be close to a 10% drop in the S&P 500 from its peak at this point. Already well over it with the Nasdaq.
 
Microsoft is at 52 week lows

Some decent buying opportunities in the market
 
It seems speculative growth stocks have been hammered. Retail stocks on a slowing consumer have been binned.

China stocks seem to be doing well and some international stocks which is where I assume investors are heading as a hedge. I think many were overweight US stocks so selling to insulate themselves.

I sold off some risky positions with more defensive plays. It's probably back to investing in companies with strong balance sheets. Speculative junk going forward will likely not do well in this market.

I think we will see many opportunities this year. I'm thinking $GOOG, $MSFT, $NU, $SFM, $JPM.

I see a turbulent few months ahead before sentiment improves towards the end of the year. I still see the US as a strong economy this year and no recession but it'll be bumpy along the way. Let's see what happens.
 
Was thinking about adding to my small Costco position before everything went to shit so I decided to jump in this morning at $926 which means the stock will be at $700 by Thursday
 
Bought some more URI at $607.92, I originally bought in around $740 so I figured it was worth a shot to lower my average cost significantly
 
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