Boiler Room: The Official Stock Market Discussion

[Scholar]

AGAIN! What's more likely to happen? 4 stocks will appreciate over time and give you solid gains or 40?

33 symbols out of 40 being green means nothing. You're spread so thin that the gains mean little, and every little red you see can destroy the entire port.

A lot of newbie traders are spoiled by stocks like TSLA and the quarantine. That reality check that will eventually come is going to be vicious.

Once the stock market returns back to post-quarantine era and the utopia ends, they will be seeing red everyday having that many symbols in their port.

Tesla 3x between 1/19 and 1/20. Rona drop disrupted the natural ark

 

[princeofhaiti]

depends, will you be back dooring a regular IRA to a Roth IRA - then you might want to put the old 401k into your current...might

if you're not someone who has to worry about doing a back door Roth, then definitely move it to a rollover IRA, way more investment options, fewer fees, and potential for more growth than most funds offered in a 401k

whats a backdoor roth *excuse my ignorance, never done this before*
i have a roth ira on my own, would i be allowed to move it there? or should i just open a rollover IRA account.

I guess my main goal is to get the 401k money into a ROTH of any sort (for tax purposes)

 

[Doomsday]

there's no such thing as a universal "you shouldn't" or an account "should be" statement.

Of course there is. If that was the case, why is everyone putting all of their money into TSLA? If that was the case you should put your money in any old stock and be fine.

No! This very thread exists because there is a right and wrong way to do things and everyone wants the blueprint to success.

The top traders don't deal in more than a dozen stocks at a time whether investing or trading. Even Hedge funds follow this formula.

Only rookies go ADHD on their ports and have a 25+ stocks at a time.

I mean really...A DOZEN ETFs? Doesn't that defeat the purpose of an ETF?

You can tell who's a rookie at this shyt and who's God Tier like me.

 

[dora_da_destroyer]

not really, when the reds are small spec plays and your larger investments are in longs that have returned 30%+, other than recent buys, you're not wiping out gains.

but that's me, i don't put big money into spec plays for just that reason, that's literally money i don't mind losing if the worst of the worst were to happen

 

[Scholar]

Of course there is. If that was the case, why is everyone putting all of their money into TSLA? If that was the case you should put your money in any old stock and be fine.

No! This very thread exists because there is a right and wrong way to do things and everyone wants the blueprint to success.

The top traders don't deal in more than a dozen stocks at a time whether investing or trading. Even Hedge funds follow this formula.

Only rookies go ADHD on their ports and have a 25+ stocks at a time.

I mean really...A DOZEN ETFs? Doesn't that defeat the purpose of an ETF?

You can tell who's a rookie at this shyt and who's God Tier like me.

What's your % return and value?

You giving @FabTrey a run?

 

[dora_da_destroyer]

Of course there is. If that was the case, why is everyone putting all of their money into TSLA? If that was the case you should put your money in any old stock and be fine.

No! This very thread exists because there is a right and wrong way to do things and everyone wants the blueprint to success.

The top traders don't deal in more than a dozen stocks at a time whether investing or trading. Even Hedge funds follow this formula.

Only rookies go ADHD on their ports and have a 25+ stocks at a time.

I mean really...A DOZEN ETFs? Doesn't that defeat the purpose of an ETF?

You can tell who's a rookie at this shyt and who's God Tier like me.

everyone is putting SOME money into safe hot stocks, you don't have to do that and you def don't have to put 50% of your portfolio into a TSLA or SQ

no, you're thinking from a pure aggressive growth mindset, not everyone is chasing 2x every year or two - that's not even realistic...if your portfolio gains 10-20% a year for a decade plus, you're doing quite well, no one consistently beats the market

and no, etf's help you gain exposure to a portfolio of companies in different sectors, not sure how investing in 10 sectors is a bad idea...most of us are under 40, so yea, right now most people dont need that diversity, it's about growth, but yes, when i hit 50, i'd prefer my money to sit diversified across multiple sectors, how it's allocated is a whole other conversation

i been investing for 5+ years, i've had enough income to continue to add to old positions and buy new ones, not sure how that's an ADD thing, furthermore, not all over them are meant to be long holds...this is why i say there are no rules, there are positions i'll have for the next 20 years, some i''ll have for 2-5, and a lot i'll shed in under 12 months...rotating in new ones as it makes sense.

 

[dora_da_destroyer]

whats a backdoor roth *excuse my ignorance, never done this before*
i have a roth ira on my own, would i be allowed to move it there? or should i just open a rollover IRA account.

I guess my main goal is to get the 401k money into a ROTH of any sort (for tax purposes)

no, you need a rollover roth, unless you have a roth 401k. you have to match pre/post tax 401k contributions to the right type of IRA. if your 401k is pre tax, you can't roll it into a roth which is after tax, and vice versa. and if you're able to have a roth outright, don't even worry about the backdoor thing i mentioned. it's something people who make too much to contribute to a roth directly end up doing

 

[Saysumthinfunnymike]

Call it "lucky" but I'm green on 20 stocks @Doomsday

I do see your points but I like to track different sectors and then go all in on my most high confidence positions.

 

[Saysumthinfunnymike]

That said if you want a savings account you can't go wrong by just dumping everything into the Ark series and calling it a day

 

[Saysumthinfunnymike]

Can't stress it enough to secure profits, that doesn't mean sell out completely you can still build a nice position but when shyt is running like crazy trim some off the top

 

[Serious]

Burr Burr

 

[chineebai]

UONE should benefit from a biden presidency.
Rh is a 1000 stock long term
Tsla should be 700 by q1 next year
Apps looks good, broke out a bull flag recently
Upwk looks good
Arct is a good covid vaccine play, been in since 30. They got 1 shot solution as opposed to 2.


There should be a general run up towards Christmas so any index etf is a safe bet I would go with udow

damn ARCT is killing it, wont be surprised if it gets to $110 by end of year. Went up 15% since yesterday.

 

[dora_da_destroyer]

that's been IGV for me the past 3 yrs...set it and forget it. that said, i do need to look harder at if i should roll this position fully into a couple ARK's looking forward

 

[Doomsday]

Listen, I'm not knocking it. We're all here to learn from each other and exchange information.

I just feel like, since I assume you all are astute investors/traders, with experience you will see that it makes much more fiscal sense to reduce your number of holdings, therefore maximizing your gains (if you're great at picking 40 stocks, you'll be great at picking 4-12) and minimizing the risk.

To each his own though. I pray everyone in this thread sees success. No hate at all coming from me.

 

[Serious]

Keep fomoing JMIA brehs