nuckin_futz Posted June 11, 2020 Share Posted June 11, 2020 25 minutes ago, Warhippy said: No sir, you're right. Loads of history of GNUS effectively burning money to warm their house as it was over the last little while. But this is the first time they've had a tangible quality product for market so it will be interesting to see. As long as you got a plan and you're comfortable with what you're risking it's all good. 21 minutes ago, yoshiyoshi said: well i sold at 3.5, gonna see if the usual dip happens in the next 30 min and see about buying back in, just farm it for 30 cent gains or whatever today and see how things stand tomorrow. Worst case scenario right now i dont get back in and i am still up by 20k Some basic math tells me you had a man sized position. Link to comment Share on other sites More sharing options...
Warhippy Posted June 11, 2020 Share Posted June 11, 2020 5 minutes ago, nuckin_futz said: As long as you got a plan and you're comfortable with what you're risking it's all good. Some basic math tells me you had a man sized position. Just looking for my 30% but ready to jump out at 10% The beautiful thing about stocks is more money is made off of random pr statements and speculation than anything else. Look at hertz. Wouldn't touch it with your money, but people are making bank off it knowing the floor could fall out in 30 minutes. I implicitly listen to a few people on here, you being one of them. My nature of hold hold hold is being tempered watching $ leave my account every hour. So I'm learning to cut my losses when necessary and I'm making more money doing it. Link to comment Share on other sites More sharing options...
yoshiyoshi Posted June 11, 2020 Share Posted June 11, 2020 ok got back in at 3.35, so 15 cents down. Probably will go back up to 3.7 before the next big dip so ill put a limit there. My orignal break even point was 2.08 and i only needed it to get above 2.27 to recover all my losses from all trades i have done so I threw everything in at at buy in because i expected it to go up 20 cents easy. Everything else has just been bonus since then 1 Link to comment Share on other sites More sharing options...
nuckin_futz Posted June 11, 2020 Share Posted June 11, 2020 4 minutes ago, Warhippy said: Just looking for my 30% but ready to jump out at 10% The beautiful thing about stocks is more money is made off of random pr statements and speculation than anything else. Look at hertz. Wouldn't touch it with your money, but people are making bank off it knowing the floor could fall out in 30 minutes. I implicitly listen to a few people on here, you being one of them. My nature of hold hold hold is being tempered watching $ leave my account every hour. So I'm learning to cut my losses when necessary and I'm making more money doing it. HTZ is/was being pushed around by gambling donkeys. Money made gambling will be lost gambling and then some. Been there, done that. The #1 goal is not to make money. It's to protect your capital. I know I sound like a broken record preaching disciple but how much money a trader makes will always be determined by how much he/she allows themselves to lose. Think about it, if you lose 50% of your account (drop from $10,000 to $5,000), then you have to gain 100% to make it back. That's a foolish way to go about this. Never get stubborn. If the market is telling you your thesis is wrong, then you're wrong plain and simple. 1 1 Link to comment Share on other sites More sharing options...
Warhippy Posted June 11, 2020 Share Posted June 11, 2020 1 hour ago, nuckin_futz said: HTZ is/was being pushed around by gambling donkeys. Money made gambling will be lost gambling and then some. Been there, done that. The #1 goal is not to make money. It's to protect your capital. I know I sound like a broken record preaching disciple but how much money a trader makes will always be determined by how much he/she allows themselves to lose. Think about it, if you lose 50% of your account (drop from $10,000 to $5,000), then you have to gain 100% to make it back. That's a foolish way to go about this. Never get stubborn. If the market is telling you your thesis is wrong, then you're wrong plain and simple. Yup. That's what I'm learning. To let go and cut my losses. Link to comment Share on other sites More sharing options...
HI5 Posted June 11, 2020 Share Posted June 11, 2020 (edited) ^^You guys watch the 30 for 30 on Bruce Lee the other day? My MMED purchase looking horrendous now; I can see it dipping right down to $0.30/share now, but investing in that company is a gamble anyway so i'll ride that one out. Edited June 11, 2020 by HI5 Link to comment Share on other sites More sharing options...
AriGold2.0 Posted June 11, 2020 Share Posted June 11, 2020 Looks like entry time for GNUS for me. Was waiting for the 3.00 crack Link to comment Share on other sites More sharing options...
KoreanHockeyFan Posted June 11, 2020 Share Posted June 11, 2020 Wonder if I should build up a short position now. Markets could kick back up tomorrow... Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted June 11, 2020 Share Posted June 11, 2020 Man i almost bought some TVIX yesterday Link to comment Share on other sites More sharing options...
AV's Coin Posted June 11, 2020 Author Share Posted June 11, 2020 (edited) 24 minutes ago, AriGold2.0 said: Looks like entry time for GNUS for me. Was waiting for the 3.00 crack shot right back up to 3.35 Edited June 11, 2020 by AV's Coin Link to comment Share on other sites More sharing options...
yoshiyoshi Posted June 11, 2020 Share Posted June 11, 2020 (edited) got my breakeven point on GNUS down to 1.96. Im hoping to lower it again as it usually dips in the last hour, hoping it spikes up high enough before that for me to sell and buy back in. We will see how the next hour goes Have my sell for 3.7 atm but may consider 3.5 if it gets stuck between the two points depending on the time. edit again, changed sell to 4 so i dont get forced to sell too soon if a spike happens like what almost happened a min ago. Still looking to sell in the next 30-45 at above 3.5 but not until the upward trend seems to stop Edited June 11, 2020 by yoshiyoshi Link to comment Share on other sites More sharing options...
AriGold2.0 Posted June 11, 2020 Share Posted June 11, 2020 1 hour ago, AV's Coin said: shot right back up to 3.35 Link to comment Share on other sites More sharing options...
yoshiyoshi Posted June 11, 2020 Share Posted June 11, 2020 (edited) i panicked and sold at 3.6. We will see if this is the dip of the day or not i guess. Got scared again and bought back in at 3.5. Yep bought back in too soon damn shaky hands My break even point is down to 1.91 though so I should be able to hold on through the red times barring a major disaster. Edited June 11, 2020 by yoshiyoshi Link to comment Share on other sites More sharing options...
NucksPatsFan Posted June 11, 2020 Share Posted June 11, 2020 4th largest drop in history for the DOW today. I didn't liquidate - I'm fortunate to be pretty diversified and while I"m in the red, I'm not "oh sh*t hide it from the wife" in the red. Hope the fed's start printing money tonight lol. Either way likely not making any trades tomorrow unless a couple of my covid stocks release PR tomorrow. Link to comment Share on other sites More sharing options...
CBH1926 Posted June 11, 2020 Share Posted June 11, 2020 Perfect day to add more stocks, bought more Abbott labs and started position in Eli Lilly. Link to comment Share on other sites More sharing options...
inane Posted June 11, 2020 Share Posted June 11, 2020 39 minutes ago, NucksPatsFan said: 4th largest drop in history for the DOW today. I didn't liquidate - I'm fortunate to be pretty diversified and while I"m in the red, I'm not "oh sh*t hide it from the wife" in the red. Hope the fed's start printing money tonight lol. Either way likely not making any trades tomorrow unless a couple of my covid stocks release PR tomorrow. Same, it wasn't as bad as it could have been. Everything finished in the red exept TMX that finished +0.03 cents lol. Worst was Appian down 11% but on the whole, not bad. Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted June 12, 2020 Share Posted June 12, 2020 I've been waiting to add RBC to my canadian financials, this may be a good opportunity to add them and BNS as well. Link to comment Share on other sites More sharing options...
AriGold2.0 Posted June 12, 2020 Share Posted June 12, 2020 Here we go boys.. This could be the run up to Monday. GNUS just kissed $4.00 I may just average up. Link to comment Share on other sites More sharing options...
Warhippy Posted June 12, 2020 Share Posted June 12, 2020 7 minutes ago, AriGold2.0 said: Here we go boys.. This could be the run up to Monday. GNUS just kissed $4.00 I may just average up. Better be, I took a beating on another line and cut my losses. Need to make up those numbers Link to comment Share on other sites More sharing options...
sassbs Posted June 12, 2020 Share Posted June 12, 2020 You guys think this is the crash that was expected somewhere in the fall? I didn’t expect it to fall this soon. Link to comment Share on other sites More sharing options...
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