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HI5

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    Investing in the stock market - Discussion

    in Off-Topic General

    Posted

    4 minutes ago, nuckin_futz said:

    Every Central Bank has a 2% inflation target. It literally means nothing. If Powell had his way he'd never raise. He raised 1/4 point in late 2018 and the market had a tantrum. Don't look to Powell for signs of inflation. He couldn't find inflation with a compass and a bloodhound. The Bond market will tell you all you need to know. It always does. The smart money is in the bond market. The dumb money is in equities.

    I’m stuck in dumb money :picard:

    • Haha 1

    Investing in the stock market - Discussion

    in Off-Topic General

    Posted

    8 hours ago, nuckin_futz said:

     

     

    Do you guys consider yourselves investors or active traders? If you're investors then carry on doing what you're doing. If you're active traders you need to think about incorporating some short selling into your game. There's no need to limit yourself to trading in one direction. There's no need to fear the futures in the evening. I don't know anyone who is successful long term in trading who doesn't do at least a little short selling.

    I’m a long term investor now lol, when I can free up enough cash I’ll consider short sells.  
     

    I think you mentioned it, or I heard a quote along the lines of “any fool can make money in a bull market”, which makes more sense now as I fumble to strategize how to trade in a bear market. 
     

    Shorting is about to become another tool, I’ll be adding to the toolbox soon. 

    • Cheers 1

    Investing in the stock market - Discussion

    in Off-Topic General

    Posted

    @nuckin_futz I’m going to have to give a more detailed response later. 
     

    I didn’t care if I lost my initial investment to be honest, mindmed was a gamble play for me to begin with. 
     

    It just started to accumulate fast with these SPAC plays, but prior to that I had a simple strategy of accumulating index funds and just exiting at my 20% of large cap companies. 
     

    I’m in the low to mid 100’s for cash value, with the idea to start moving profits over into blue chip plays I won’t need to follow as closely. 

    • Cheers 1

    Investing in the stock market - Discussion

    in Off-Topic General

    Posted

    45 minutes ago, nuckin_futz said:

    No problem, glad it helped. As for your habit of leaving profits on the table. I recommend creating a system to govern your exits. For example, take off 25% shortly after you get in the money, then another 25% at a certain % gain. Then use trailing stops to let you ride the rest with peace of mind. Make it as mechanical as possible eliminating the guess work. To the point that you have it completely defined and could explain your exit strategy to someone else (ie a programmer) and they could execute it (program it). The point of all that is to eliminate the second guessing which leads to grabbing profits early and erodes confidence.

     

    Thanks for the invite to the discord chat but for now I will refrain. FYI I've actually spend the last 5 years trading foreign exchange and futures (index and commodity). Seventeen years of equity trading prior to that. However, trading markets that trade 23/5 has taken a bit of a toll. I keep rather bizarre hours and have price alerts going off all the time interrupting sleep. It's not ideal. I miss trading a market that actually closes at some point in the day. The dawn of commission free trading (at least in USA) has lead to an explosion of volume in equity markets. It's become impossible to ignore the endless stream of fish who are trading on phones and learning as they go. So why don't I become a financial pescetarian? That said, if anyone cares I have decided to return to equity trading full time. Lots of things to put in place before then but I should be ready to roll by January. ... Jesus, take the wheel. :frantic:

     

    P.S. Congrats on the nice month.

    I really appreciate it and I definitely need to scale back and stick to a strategy before I do something incredibly stupid. 
     

    Thanks again!

    Investing in the stock market - Discussion

    in Off-Topic General

    Posted

    55 minutes ago, AriGold2.0 said:

    Have you quit your job yet ? Lordy... What did you start with ?

     

    Not questing you but I would love to see the breakdown of how it all went down. Trades and how much you bought in for. 

     

    Storytelling time!!!

    Bit hungover right now..so it’ll be more point form.

     

    -Sold off all my mind med shares cause I got impatient l which would have been worth a lot more today had I done nothing and just be patient. 
     

    -Went in heavy (20k) into SPAQ/FSR, went on a roller coaster ride and barely made away with any profits, cause I got greedy/impatient and didn’t understand the full spac cycle.

     

    -Found myself in a bunch of discord’s, some really stupid ones but the few I mentioned early. Atlas is pretty bad, but theirs a few guys in the Spac_Chat that I was able to ask questions and learn from. 
     

    -Got the alert from Bloomberg about CIIC from twitter notifications I set for GillianTan (found her via atlas), that they were merging with Arrival. This was my first really big win and I bought my first mass warrant buy at 10,000 warrants for $1.75. I eventually sold early for $3.90 and it went on to hit $7+.  I’d be lying if it didn’t bother me, but I can’t complain about the profits I made. 
     

    -Next I bought GIK warrants 15,000 for $1.49 and flipped them for $1.92 (which also ended up going a lot higher after). 
     

    -Then I bought almost 7000 warrants in NBAC for $1.96 again sold early for $2.67 (I think they went much higher too). 
     

    -Flipped ACAM/QELL warrants real quick in there somewhere.

     

    -Got in real early with 20,000 AMCI warrants at about $0.80, almost sold at $1.90 and held longer thanks to nuckspatsfan. 
     

    -Also loaded 20,000 ALAC warrants at $0.67-$0.70 which riskier but I could just tell it was going to get pumped next it drove up to $1.40 and I managed to get out at $1.20. 
     

    -I currently hold 20,000 warrants in BFT from $2.70s which rocketed that’s to CNBC. 
     

    I’m sure I missed some in there, I’m also holding positions in SNPR/SOAC. Basically I just went all in reckless in warrants and the market got hot. I’ve been looking for warrants in SPACs that are closer to net asset value or jump in as soon as a rumour hits. 
     

    I haven’t quit my job, don’t plan too as I work for a start up where our provincial healthcare is interested in acquiring. So theirs potential I walk away with a bigger bag of cash here.

    • Thanks 2
    • Cheers 2
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