Boiler Room: The Official Stock Market Discussion

[Serious]

SQ or ARKG? Or Ipob

I stupidly sold a great sq position during the summer

smh.....



I know it's hard but a lot peeps in this thread need to try holding positions for at least 3-5 years.

Countless studies show that long term investing beats swing trading or short term trading, significantly.

I mean look at how much sq ran since summer.

 

[BushidoBrown]

@ anyone who panic sold.

panic sellers deserve every L they take

 

[Serious]

honestly, at this point im waiting til the election to buy anything. the instability could be massive and trigger a huge selloff

obviously i dont know shyt, but theres no fukkin way the market goes up in a straight line from now til december

I probably just mentioned this in Discord....

But my theory is, there won't be sell off post election, at least not in the way people think....

You know why?

Because everyone is thinking the same way.

A lot of people are consciously factoring in volatility around that time. And they think it will be a great buying time.

Unfortunately that's not how that shyt works.

For example the market was down yesterday, and fully recovered in PM.

Any sign of a dip retail and institutional investors scoop up because of fomo.

When a real drop happens it will be random and people won't expect it.

With that said I think people start taking end of the year profits around mid December.

But November 3rd probably won't dip like people think.


Those last two weeks of October will be crazy though, because of all the companies reporting earnings.

Spoiler

 

[dora_da_destroyer]

I wanna buy more IGV, but at a cost of ~$140/share, I can’t do it


And I’m in the green on luckin

 

[Insensitive]

Chicken Singapore
Financial Education

I just look for trends and post my thoughts here

My accounts are killing the s&p 500. But I’m probably researching on my own a good 10 hours a day. Imo you can’t follow anyone. You need to do your own research and understand why shyt is moving the way it is.

I also watch CNBC television on YouTube daily to see how “casual” investors think.


Imo if you really want to make money.


Hit the search function on this thread and then look up everything @Doomsday has posted. Once you understand his mindset then you’ll understand how to make money.

Most definitely.
I'm on CNBC Money, Several personal finance blogs, MINT, etc.
I use the typical investing advice that entails (ETF's & Index Funds)
I've got about five books I'm ready to fire off on, so I'll be getting and reading
those into 2021.

ehh, that's a dangerous piece of advice. doomsday has a very specific approach.

@Insensitive learn the basics on something like nerdwallet or buy a basic of investing book. familiarize yourself with the terminology and approaches to investing. once you decide what type of investor you want to be, then start looking at various YT or twitter accounts that match your investing style.

yup, I've been hitting nerdwallet and a handful of other websites/blogs for the past three years or so.
I'll definitely take this advice !
I've mainly been looking at real estate focused YT's with a bit of stock investing sprinkled in.

I'll do some more research and if I have any more questions, I'll hit you guys up!

 

[Scholar]

smh.....



I know it's hard but a lot peeps in this thread need to try holding positions for at least 3-5 years.

Countless studies show that long term investing beats swing trading or short term trading, significantly.

I mean look at how much sq ran since summer.

I know. Big L. Had a 100 cost basis. rip

Im adopting my Tesla discipline with other positions like PACB now

 

[Saysumthinfunnymike]

Why is anyone selling anything right now?

Unless you need the money I mean if we get a blue wave the market will recover in 2021 regardless

 

[FabTrey]

it's not chicken singapore or financial education who breaks down the tesla best. it's dave. he's is by far the best at breaking down tesla.

 

[FabTrey]

Why is anyone selling anything right now?

Unless you need the money I mean if we get a blue wave the market will recover in 2021 regardless

nikkas will always sell and buy


i sold HYLN few days ago because shyt was looking gloomy. glad i sold it all and dumped all my money into tesla/arkg/arkf.

 

[Serious]

Most definitely.
I'm on CNBC Money, Several personal finance blogs, MINT, etc.
I use the typical investing advice that entails (ETF's & Index Funds)
I've got about five books I'm ready to fire off on, so I'll be getting and reading
those into 2021.

yup, I've been hitting nerdwallet and a handful of other websites/blogs for the past three years or so.
I'll definitely take this advice !
I've mainly been looking at real estate focused YT's with a bit of stock investing sprinkled in.

I'll do some more research and if I have any more questions, I'll hit you guys up!

On youtube I follow:
The Compound:
https://www.youtube.com/channel/UCBRpqrzuuqE8TZcWw75JSdw

Chicken Genius Singapore(a lot of great information is posted here):
https://www.youtube.com/channel/UC0OnreqP55xLpA6W5nzxb5Q


CNBC Television:
https://www.youtube.com/channel/UCrp_UI8XtuYfpiqluWLD7Lw

CNBC(good overview to emerging sections):
https://www.youtube.com/channel/UCvJJ_dzjViJCoLf5uKUTwoA

PBS Newshour(for general overview of politics):
https://www.youtube.com/channel/UC6ZFN9Tx6xh-skXCuRHCDpQ

Financial Education(he has two channels):
https://www.youtube.com/channel/UCnMn36GT_H0X-w5_ckLtlgQ
https://www.youtube.com/channel/UCCmJVw9xQfYuuAAwZGedKRg

Valuetainment Economics(good overview to investing, I only watch Adam Sosnick videos):
https://www.youtube.com/channel/UC7muJQNjKAQh0n6bZdYVGKQ

Wall Street Journal:
https://www.youtube.com/channel/UCK7tptUDHh-RYDsdxO1-5QQ

My cheatcode to watching all the content channels is to listen them at 2x speed, while I play 2k....


I dropped a quick read, that I finished the other day. Only took like 2-3 days. Very informative:

Dope book just finished reading:

Psychology of Money:
Library Genesis

 

[Saysumthinfunnymike]

nikkas will always sell and buy


i sold HYLN few days ago because shyt was looking gloomy. glad i sold it all and dumped all my money into tesla/arkg/arkf.

I understand that one but people talking about DKNG like these are long term holds, why want out of it

 

[dora_da_destroyer]

Why is anyone selling anything right now?

Unless you need the money I mean if we get a blue wave the market will recover in 2021 regardless

pulling cash from underperforming stocks that finally rallied to put into performers (or on the sideline for good entry points). i've been stuck with UA for years and am so close to being able to dump it (i always said if i could get my loss on it to under $200, i'd let it go), i don't have the stomach or patience to see if this could ever turn profitable for me.

i also have house money in a few stocks that i could pull (SOLO, SSTK, UBER) to invest elsewhere

I understand that one but people talking about DKNG like these are long term holds, why want out of it

too many people in here think they're traders

 

[Scholar]

You're a clown if you don't own Tesla
Tesla Has Chance to Surpass 500K Annual Production in 2020, Says Elon Musk in Leaked Email

 

[Saysumthinfunnymike]

too many people in here think they're traders

I like to trade too but some things are investments. People have to learn the difference

 

[FabTrey]

I understand that one but people talking about DKNG like these are long term holds, why want out of it

they sell cuz they just got in at $55-$60.

they buy high, sell low

and can't hold anything for longer than 3 months



we've all been there