Boiler Room: The Official Stock Market Discussion

[OneManGang]

Yes. But you do this on the way down not when the price is rallying back up.

Ya I figured. I already knew the answer though, I do research before asking y’all nikkas shyt. I want to see the replies

 

[winb83]

This may be a stupid question...

If you’re trying to average down, only way is to buy more at a lower price?

Averaging down is something you do when you believe in the company and the share price falls. If Apple fell today to $20 a share and you bought it at $120 you look at Apple and go this share price doesn't match the numbers they just posted and this is a great company it's gonna go back up so you double down and buy more. It reduce your cost basis and when the stock goes back to the levels it was at you make money.

You don't average down on a YOLO stock play unless you DGAF about your losses or you're nuts.

 

[Saysumthinfunnymike]

bb is trending down at the moment

 

[OneManGang]

Averaging down is something you do when you believe in the company and the share price falls. If Apple fell today to $20 a share and you bought it at $120 you look at Apple and go this share price doesn't match the numbers they just posted and this is a great company it's gonna go back up so you double down and buy more. It reduce your cost basis and when the stock goes back to the levels it was at you make money.

You don't average down on a YOLO stock play unless you DGAF about your losses or you're nuts.

Edit: I’m at work holding in my laughter
That smiley works so well to convey some cowboy investing shyt. Just so we are clear I didn’t do anything crazy

 

[Liu Kang]

Can somebody explain the Pelosi TSLA play to me ? She bought for 100K or something like that at a strike price of 500. Not familiar with options, but is she still seeing some gains even though the price didn't pop after earnings ?

 

[Majestic]

jump on GME, it's going to a 1000

 

[K-Deini]

In gme. To el moondo

 

[K-Deini]

Averaging down is something you do when you believe in the company and the share price falls. If Apple fell today to $20 a share and you bought it at $120 you look at Apple and go this share price doesn't match the numbers they just posted and this is a great company it's gonna go back up so you double down and buy more. It reduce your cost basis and when the stock goes back to the levels it was at you make money.

You don't average down on a YOLO stock play unless you DGAF about your losses or you're nuts.

Or you recognize 6 dollars yesterday was an overreaction from not being able to buy it on certain brokers.

 

[jadillac]

Just bought more AMC at 15, I think the real action will happen next week

You should wait.

It'll be back down to $10 or 11 by the end of the day.

 

[Saysumthinfunnymike]

seem like they tryna push it back below $350 it's a battle

 

[JetFueledThoughts]

I threw a grand in this.

Not a big deal at all.

I just don't like losing money like that. I'm definitely more of a long & steady than volatile

I was giving you shyt w/ the bar money comment, but I stand by what I said, now isn’t the time to sell.

I’m also a ‘safe’ investor. I spent most of yesterday buying up Apple, Delta and various social capital stock. But if GME / AMC is a small part of your portfolio, then it makes sense to stand in for the upside as opposed to cutting at a small loss.

But I shouldn’t say this without all the details, so jog my memory what did you buy it at?

 

[K-Deini]

You should wait.

It'll be back down to $10 or 11 by the end of the day.

So you sold then

 

[humminbird]

Can somebody explain the Pelosi TSLA play to me ? She bought for 100K or something like that at a strike price of 500. Not familiar with options, but is she still seeing some gains even though the price didn't pop after earnings ?

She bought 100k of options for the right to purchase Tesla at $500 a share no matter the current price
So yeah she’s making a killing

 

[Saysumthinfunnymike]

they tryna stop all this shyt from really breaking out again

 

[Scholar]

Brought a 650 call. fxck the street