Economy stonks v14, brokergate

On average, at what point do you guys take your gains and get out of a stock? Do you use a % increase or $ increase as your motivating factor?

I saw @Hadron90 a few posts back took a 3% gain and bounced.... I can't see how that's even worth it unless you are investing with $10k+. 3% of anything under that is... meh. Or am I looking at this the wrong way?
 
cleetus said:
On average, at what point do you guys take your gains and get out of a stock? Do you use a % increase or $ increase as your motivating factor?

I saw @Hadron90 a few posts back took a 3% gain and bounced.... I can't see how that's even worth it unless you are investing with $10k+. 3% of anything under that is... meh. Or am I looking at this the wrong way?
Click to expand...

i sell when the magic 8-ball tells me to.
 
cleetus said:
On average, at what point do you guys take your gains and get out of a stock? Do you use a % increase or $ increase as your motivating factor?

I saw @Hadron90 a few posts back took a 3% gain and bounced.... I can't see how that's even worth it unless you are investing with $10k+. 3% of anything under that is... meh. Or am I looking at this the wrong way?
Click to expand...

There isn't a set answer to that. I took my 3% profits on silver short because its going to be volatile and I don't know what is going to happen. I just saw that silver was up 10% at open, which never happens with something like silver, so I predicted there would be a pretty quick sell off today and bought the short fund. Turns out I was right, so I took my quick 3% because I don't actually know dick about whats going on silver and don't want to stay there any longer than I have to.


Most of the stuff in my portfolio is stuff I wouldn't sell unless I needed the money somewhere long down the line. Stuff like Virgin Galactic, Schrodinger, the ARK etfs, etc... I'm up over 100% on and still hold. I'll probably still be holding them 10 years from now. But some things you just try to make a quick buck on. Typically, if I can get fast gains with no news, I'll go ahead and take them. For example, if I am bullish on Apple earnings, but Apple stocks pops 8% before they even announce, I'll often times just go ahead and take my 8% and sell before their actual announcement. Sure, I could hold and make more, but why continue to gamble if I already won?
 
cleetus said:
On average, at what point do you guys take your gains and get out of a stock? Do you use a % increase or $ increase as your motivating factor?

I saw @Hadron90 a few posts back took a 3% gain and bounced.... I can't see how that's even worth it unless you are investing with $10k+. 3% of anything under that is... meh. Or am I looking at this the wrong way?
Click to expand...
If you are a super casual day trader and you can cash $100-$250 a day on the side while maintaining your day job that is pretty good. $750-$1000/week is kind of my goal which pays for a country club membership and some fun.

I made a few points last Friday on AG (which would have been huge if I held to today) and a few today on SLV. If you are doing $5K to $10K drops you can get to that daily goal. However, I don't have the balls to put major money in GME, AMC, KOSS etc.. at any point in time.

This is the year of the crazy where my airline stocks, AAL particularly which I was planning on holding LT had a 30% blip because of the meme movement. A lot of not necessarily good (or even bad traders) have done well since Covid. You would have to really be unlucky and bad to not make money in this market. I think reality will hurt a lot of folks in Q2 on when things normalize.
 
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cleetus said:
On average, at what point do you guys take your gains and get out of a stock? Do you use a % increase or $ increase as your motivating factor?

I saw @Hadron90 a few posts back took a 3% gain and bounced.... I can't see how that's even worth it unless you are investing with $10k+. 3% of anything under that is... meh. Or am I looking at this the wrong way?
Click to expand...
I prefer to cash $500 daily but I’m in some major long positions right now that will net way more than that if I just stay disciplined. I think the whole % vs $ is kind of stupid. I had a conversation with someone on a different MB and they said only “noobs” talk dollars. I was thinking, bitch I have my MBA in Finance and Management and a Bachelors in Accounting. Nowhere in any of those programs did they say the professionals speak % while the novices talk $. Truthfully, I prefer to say how much I’m working with in cash because it makes sense when you’re talking. Some of my goals I set for growth this year are obviously based on percentages but in the end it’s whatever.
 
Grassshoppa said:
Insightful post on reddit:

LITERALLY NO VOLUME LMAO YOU BOYS REALLY HAVE ✋



look on webull if you cant find volume



ps thats good news for anyone that doesnt understand anything



no panic needed, last week they dropped the price from 400 to 100 and it came right back, stay true to your convictions and know the math



its called a short ladder attack. Hedge funds are selling the gme stocks they already between each other at low prices rapidly to pull down the market. They can only do this so much before that would also make them run out of money. They are on the ropes, desperate, they dont want to lose their million dollar wives lol

not financial advice and also i keep reposting this so as many ppl see can so these newer people understand they are trying to scare you but MATH IS MATH
Click to expand...

Holding don't you worry about. Bought the dip. Going to Mars baby.

Enjoying the ride
 
G-19 said:
I prefer to cash $500 daily but I’m in some major long positions right now that will net way more than that if I just stay disciplined. I think the whole % vs $ is kind of stupid. I had a conversation with someone on a different MB and they said only “noobs” talk dollars. I was thinking, bitch I have my MBA in Finance and Management and a Bachelors in Accounting. Nowhere in any of those programs did they say the professionals speak % while the novices talk $. Truthfully, I prefer to say how much I’m working with in cash because it makes sense when you’re talking. Some of my goals I set for growth this year are obviously based on percentages but in the end it’s whatever.
Click to expand...

Yeah. We usually think in terms of $ a lot more. Its why usually the bigger your account gets, the safer your investing tends to become. When you only have $1k in your account, 10% yearly gains are not even worth your time. Might as well YOLO your $1k on GME calls and go for broke. But if you have $800k, 10% yearly gains is enough to retire on.
 
BIKES! said:
If you are a super casual day trader and you can cash $100-$250 a day on the side while maintaining your day job that is pretty good. $750-$1000/week is kind of my goal which pays for a country club membership and some fun.

I made a few points last Friday on AG (which would have been huge if I held to today) and a few today on SLV. If you are doing $5K to $10K drops you can get to that goal daily goal. However, I don't have the balls to put major money in GME, AMC, KOSS etc.. at any point in time.

This is the year of the crazy where my airline stocks, AAL particularly which I was planning on holding LT had a 30% blip because of the meme movement. A lot of not necessarily good (or even bad traders) have done well since Covid. You would have to really be unlucky and bad to not make money in this market. I think reality will hurt a lot of folks in Q2 on when things normalize.
Click to expand...

IDK, what do you consider "normalize". Because imo 2019, before Covid ever hit, was even easier. I played weekly $SPY calls every single week and they always paid out. Now with the volatility in the markets, that's not a reliable strategy. You have to chase meme stocks these days to get the same returns.
 
Hadron90 said:
Yeah. We usually think in terms of $ a lot more. Its why usually the bigger your account gets, the safer your investing tends to become. When you only have $1k in your account, 10% yearly gains are not even worth your time. Might as well YOLO your $1k on GME calls and go for broke. But if you have $800k, 10% yearly gains is enough to retire on.
Click to expand...
Retire on 80k pre tax? Where do you live, Guatemala?
 
Hadron90 said:
Yeah. We usually think in terms of $ a lot more. Its why usually the bigger your account gets, the safer your investing tends to become. When you only have $1k in your account, 10% yearly gains are not even worth your time. Might as well YOLO your $1k on GME calls and go for broke. But if you have $800k, 10% yearly gains is enough to retire on.
Click to expand...

Makes sense.

Gotta have money to make money - or so it seems.
 
rh's updated restrictions:


Symbol Shares Options contracts
AMC 350 350
BB 700 700
EXPR 1,000 1,000
GME 20 20
GNUS 5,000 1,000
KOSS 150 N/A
NAKD 6,500 N/A
NOK 2,000 1,000
 
Wadtucket said:
Retire on 80k pre tax? Where do you live, Guatemala?
Click to expand...
Probably the Philippines. It’s beautiful but you better be proficient in small arms and guerrilla warfare tactics.
 
Hadron90 said:
IDK, what do you consider "normalize". Because imo 2019, before Covid ever hit, was even easier. I played weekly $SPY calls every single week and they always paid out. Now with the volatility in the markets, that's not a reliable strategy. You have to chase meme stocks these days to get the same returns.
Click to expand...
I think the meme stops brought in million+ young folks who now use to-the-moon, stonks and GME/AMC as part of their daily vernacular. From the questions I get from colleagues who up until 90 days ago never traded in their life I am concerned people think there is easy money to be had.

The tech boom has been legendary (especially during the 2020 pandemic) and I'm the retard that put my 401K in bonds. But to your point 2019 and 2020 had a lot of low hanging fruit that I don't think will be there as we move on. Brack, Rob, Nutts and the other pros would know more than me. I started only getting active bored not traveling and working from home.
 
I know they aren't doing a traditional IPO, but does anyone have any idea when ROBLX is supposed to go public? I know it's supposed to be this month...
 
Wadtucket said:
Retire on 80k pre tax? Where do you live, Guatemala?
Click to expand...

Wad you live in NYC right iirc? I think you're perspective is skewed a bit.

I make about 3x that as my salary, but for people in lower cost areas (think midwest suburbs) if you are debt free there's no reason you couldn't live comfortably on $80k per year if you're somewhat frugal. No mortgage or car payments by the time you're retirement age if you've done it right, so expenses shouldn't be that high. Once you get to 65 or whatever you add in SS to your $80k.

Now, if you're used to a different lifestyle while working and you have to dial it back a ton, that's a different story obviously.
 
rob mafia said:
rh's updated restrictions:


Symbol Shares Options contracts
AMC 350 350
BB 700 700
EXPR 1,000 1,000
GME 20 20
GNUS 5,000 1,000
KOSS 150 N/A
NAKD 6,500 N/A
NOK 2,000 1,000
Click to expand...

Not sure why some other stocks aren't being limited such as FUBO, spce, bcrx. Should be limit buys all up over 20%.
 
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