Boiler Room: The Official Stock Market Discussion

mannyrs13

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Bitcoin I don't understand as much I just own some RIOT because it feels right. Someone else can clue me in on whether it's a good idea to buy more.
It's practically doubled in less than a month. Might have more room to grow. Might get up to 50k. I think it's a bigger risk than something like Tesla tho cuz it has nothing backing it. Just the decrease in value of the USD. Stocks have products or companies behind it with sales and revenue. Btc doesn't. Might be due for a pullback but nobody knows how low cuz it's hot right now. You can also make decent gains with alts like ETH and not risk as much. Especially with btc being so high. I feel like buying one may be ok but if you got only like $1000, other plays might be better suited. My boy just asked me if he should go all in on it and I think ima tell him better to diversify instead. Maybe throw some in there but unless you making large purchases, there won't be as much reward.
 

Doomsday

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@Doomsday thoughts on $GTLL

:mjlol: I usually don't go that low brotha, reason being because the charts can fool you. Everything that I see looks bullish though, but I don't want to officially endorse it because I personally wouldn't invest in stocks like these. I made an exception to TLSS and OPTI back in the days but I usually shy away from nano's and most micros.
 

old pig

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Bitcoin I don't understand as much I just own some RIOT because it feels right. Someone else can clue me in on whether it's a good idea to buy more.

...also how long do you plan/want to hold it for and what expectations if any do you have...or are you looking for more info to gauge that?

at this point tho it’s more or less going to mimic BTC’s fluctuations

those who jumped in MARA RIOT BTBT had some damn good foresight...there’s still room to grow but when BTC slows down a bit/retraces, prepare for them to do the same...conversely they’ll bounce back as soon as BTC does
 
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Rekkapryde

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just use support and resistance level as your guide. So right next the next level of resistance is $27 then $29 so if it goes above 27 then it should go to 29, if it goes below $24.25 then it should head further down, that's how I would manage my risk on RIOT.
tenor.gif
 

bnew

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I still believe SoFi is a better investment than Robinhood. SoFi owns Robinhood's payment platform and SoFi is really way more than investing. It's a one stop shop for people's financial needs. I started investing with SoFi and now I use them for my primary checking account. If I had loans I could refinance them with SoFi. They have a 2% cash back on all purchases credit card. SoFi also now has a bank charter.

Robinhood at least right now is basically just an investing platform. A single customer to SoFi is more valuable than a single customer to Robinhood because that single SoFi customer will likely do business with that company on multiple fronts.

Does this website have a web interface for all theri offerings or is it app only? I don't use financial apps on my phone.
 

bnew

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my PTE calls have already gained $188, should I sell 6 contracts to recoup my $50 cost or let it ride till monday? it has to go up $1.10 to be in the money :lupe:
 
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winb83

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I’m considering exiting JP Morgan Chase entirely and dumping all that into SoFi. I want to see the price on this cool off a bit so I can average down. I feel like I’m looking at something that’s gonna blow up like Square did.

I’ve never seen an early offering of a stock like this and just felt like I desperately need to go so heavy on it. The CEO is A+ material used to be the CFO of the NFL and Twitter and was high up at GS. I imaging he used his time with the NFL to get the name rights to that LA stadium. The payment processing platform they own, the loan, invest, the bank charter they’re getting.

Is anybody else looking at this in disbelief or is it just me? Usually stuff like this goes IPO and us retail investors can’t get in so cheap or it’s some relatively unknown or shaky company and investing so early feels risky. This just feels like a sure thing.
 

Deafheaven

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I’m considering exiting JP Morgan Chase entirely and dumping all that into SoFi. I want to see the price on this cool off a bit so I can average down. I feel like I’m looking at something that’s gonna blow up like Square did.

I’ve never seen an early offering of a stock like this and just felt like I desperately need to go so heavy on it. The CEO is A+ material used to be the CFO of the NFL and Twitter and was high up at GS. I imaging he used his time with the NFL to get the name rights to that LA stadium. The payment processing platform they own, the loan, invest, the bank charter they’re getting.

Is anybody else looking at this in disbelief or is it just me? Usually stuff like this goes IPO and us retail investors can’t get in so cheap or it’s some relatively unknown or shaky company and investing so early feels risky. This just feels like a sure thing.

Im contemplating hitting another 50 shares while its here tbh. Its almost impossible to lose money on this one
 

K-Deini

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