NucksPatsFan Posted February 11, 2021 Share Posted February 11, 2021 Feel bad for people that don’t trim or take profits. Things can go poof up in smoke just like that. Link to comment Share on other sites More sharing options...
inane Posted February 11, 2021 Share Posted February 11, 2021 (edited) 8 minutes ago, NucksPatsFan said: Feel bad for people that don’t trim or take profits. Things can go poof up in smoke just like that. This is my dilemma, which to trim, and how much... I've trimmed before (SHOP, SQ) and it has done nothing but go up since... Edited February 11, 2021 by inane Link to comment Share on other sites More sharing options...
Wolfgang Durst Posted February 11, 2021 Share Posted February 11, 2021 (edited) 24 minutes ago, inane said: This is my dilemma, which to trim, and how much... I've trimmed before (SHOP, SQ) and it has done nothing but go up since... for me SHOP and SQ are long term investments. I wouldn't trim long term investments in general. Only In the rare case when I expect a setback in stock markets in the near future I would. rule of thumb: trim 10-20% of your position and let the remainder run, depends on how much you are convinced in the stock you hold; if you aren't that much convinced trim even more like 30-40%. Trimming only a certain percentage ensures that you will benefit once the stock moves up with the remaining position. Edited February 11, 2021 by Wolfgang Durst Link to comment Share on other sites More sharing options...
NucksPatsFan Posted February 11, 2021 Share Posted February 11, 2021 23 minutes ago, inane said: This is my dilemma, which to trim, and how much... I've trimmed before (SHOP, SQ) and it has done nothing but go up since... If you have long term conviction on strong companies with the fundamentals that back them, no need to worry about trimming. If you're riding the wave of a pumped stock that is not trading on fundamentals or value but rather volume and internet pumps, good idea to take some at 20, some at 40 and by that point your initial capital should be returned and the rest can ride free 1 Link to comment Share on other sites More sharing options...
inane Posted February 11, 2021 Share Posted February 11, 2021 2 minutes ago, NucksPatsFan said: If you have long term conviction on strong companies with the fundamentals that back them, no need to worry about trimming. If you're riding the wave of a pumped stock that is not trading on fundamentals or value but rather volume and internet pumps, good idea to take some at 20, some at 40 and by that point your initial capital should be returned and the rest can ride free Ya, most of my plays are long term so ... i'm gonna just ride it Link to comment Share on other sites More sharing options...
CBH1926 Posted February 11, 2021 Share Posted February 11, 2021 1 hour ago, NucksPatsFan said: Feel bad for people that don’t trim or take profits. Things can go poof up in smoke just like that. Speaking of up in smoke, weed stocks are getting pounded today! Link to comment Share on other sites More sharing options...
skolozsy2 Posted February 11, 2021 Share Posted February 11, 2021 1 hour ago, CBH1926 said: Speaking of up in smoke, weed stocks are getting pounded today! Yeah, the whole sector took a big hit today. (Pun intended) 3 Link to comment Share on other sites More sharing options...
NucksPatsFan Posted February 11, 2021 Share Posted February 11, 2021 2 hours ago, CBH1926 said: Speaking of up in smoke, weed stocks are getting pounded today! Haha yeah that's where my comment originally came from! Didn't catch the top but had scaled out majority of my TLRY calls between 50-55 common price, and some at 60 but I did have to sell some this morning at 45, sucks but when my entry on them was a dollar when the commons were in the 6's, can't complain. 1 1 Link to comment Share on other sites More sharing options...
Down by the River Posted February 11, 2021 Share Posted February 11, 2021 1 hour ago, skolozsy2 said: Yeah, the whole sector took a big hit today. (Pun intended) (Dime)Bag holders are dazed and confused. 1 Link to comment Share on other sites More sharing options...
nuckin_futz Posted February 11, 2021 Share Posted February 11, 2021 (edited) 3 hours ago, CBH1926 said: Speaking of up in smoke, weed stocks are getting pounded today! That was a lot of fun. Volume on SNDL is 2.9 Billion. Pretty sure that's a record. OGI was a little over $8 in pre market. Actual retail price ..... $3.72 TLRY was $75.33 in pre market lol Actual retail price .... $31.80 Edited February 11, 2021 by nuckin_futz 1 Link to comment Share on other sites More sharing options...
Sp3nny Posted February 11, 2021 Share Posted February 11, 2021 CCIV AH looking like someone knows something... Link to comment Share on other sites More sharing options...
NucksPatsFan Posted February 11, 2021 Share Posted February 11, 2021 6 minutes ago, Sp3nny said: CCIV AH looking like someone knows something... Bloomberg’s IT department doing an internal update on their platform and people bugging out 1 Link to comment Share on other sites More sharing options...
Sp3nny Posted February 11, 2021 Share Posted February 11, 2021 5 minutes ago, NucksPatsFan said: Bloomberg’s IT department doing an internal update on their platform and people bugging out Ya it doesn't look like anything new to me. Too bad. I want that DA so bad lol. Link to comment Share on other sites More sharing options...
Lancaster Posted February 11, 2021 Share Posted February 11, 2021 1 minute ago, Sp3nny said: Ya it doesn't look like anything new to me. Too bad. I want that DA so bad lol. I'm just hoping it will get a DA... then lots of FOMO will occur, similar to what happened with NKLA. Link to comment Share on other sites More sharing options...
NucksPatsFan Posted February 11, 2021 Share Posted February 11, 2021 39 minutes ago, Sp3nny said: Ya it doesn't look like anything new to me. Too bad. I want that DA so bad lol. Some rumblings of progress coming through that it’s going to be a cash deal, cashing out Venrock who was involved etc. but primarily, the it department changed the colours of a font for a few hours and people freaked out Link to comment Share on other sites More sharing options...
themcdeal Posted February 12, 2021 Share Posted February 12, 2021 8 hours ago, NucksPatsFan said: Feel bad for people that don’t trim or take profits. Things can go poof up in smoke just like that. Experience. The journey of investing is a long term play in itself. The lessons are painful and expensive, but if you're willing to stick with it and learn from your mistakes, it's very rewarding. Not collecting profits, taking advice from a friend/internet anonymous without further research, not using stop losses, FOMO, etc These thing will happen to everyone at some point. You either learn or quit and put your money in GIC's lol. Link to comment Share on other sites More sharing options...
CBH1926 Posted February 12, 2021 Share Posted February 12, 2021 I got about 15k ridding on PLTR, this thing swings up and down like crazy. Link to comment Share on other sites More sharing options...
NickTheGreek Posted February 12, 2021 Share Posted February 12, 2021 So what do y'all think of the outlook for Square? Bought a bunch last March thanks to the god @AriGold2.0 himself. I thinking I'm going to stick with this one Link to comment Share on other sites More sharing options...
AriGold2.0 Posted February 12, 2021 Share Posted February 12, 2021 10 hours ago, NucksPatsFan said: Feel bad for people that don’t trim or take profits. Things can go poof up in smoke just like that. 4 hours ago, NucksPatsFan said: Bloomberg’s IT department doing an internal update on their platform and people bugging out No DA by market open I expect profits to be taken for a few hours. Will look to buy back in around 10am. 48 minutes ago, NickTheGreek said: So what do y'all think of the outlook for Square? Bought a bunch last March thanks to the god @AriGold2.0 himself. I thinking I'm going to stick with this one I use square for my business, I've used all processing companies and it's the best by a long shot. Look at the growth.. 17 - 2.2B 18 - 3.3B 19 - 4.7B 20 - 7.6B with Q4 numbers in 2 weeks.. Trim when it hits $300 1 Link to comment Share on other sites More sharing options...
Warhippy Posted February 12, 2021 Share Posted February 12, 2021 1 hour ago, AriGold2.0 said: No DA by market open I expect profits to be taken for a few hours. Will look to buy back in around 10am. I use square for my business, I've used all processing companies and it's the best by a long shot. Look at the growth.. 17 - 2.2B 18 - 3.3B 19 - 4.7B 20 - 7.6B with Q4 numbers in 2 weeks.. Trim when it hits $300 meanwhile i'm here like go penny stocks go!!!! Link to comment Share on other sites More sharing options...
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