Boiler Room: The Official Stock Market Discussion

[blotter]

Solid week tbh. Getting Mara at a discount is

Is this rotation from crypto back to stocks?

couldn't find a catch all crypto thread, I know some people talk about their holdings in here, but doesn't seem to get talked about much in this thread past that.. I'm interested playing some of the crypto stocks like MARA

this time in the last halving cycle BTC pulled back like 30-40% for the next leg up.

Anyone who didn't start paying attention to crypto this year like me have thoughts on this current run? Because from what I'm seeing crypto stocks ARE the damn play if we're seeing a correction for the next leg up within a bigger bull run.

My plan is if BTC hits sub 45k into the low 40s to think long and hard about loading up on some miners and crypto exchanges/brokerages while they're getting pounded during a BTC dip. If it retests the high before then and gets rejected I'll probably hold off. Only investing money I can sit on until potentially 2024 if this is actually the start of a crypto bear market.

 

[mr. smoke weed]

couldn't find a catch all crypto thread, I know some people talk about their holdings in here, but doesn't seem to get talked about much in this thread past that.. I'm interested playing some of the crypto stocks like MARA

this time in the last halving cycle BTC pulled back like 30-40% for the next leg up.

Anyone who didn't start paying attention to crypto this year like me have thoughts on this current run? Because from what I'm seeing crypto stocks ARE the damn play if we're seeing a correction for the next leg up within a bigger bull run.

My plan is if BTC hits sub 45k into the low 40s to think long and hard about loading up on some miners and crypto exchanges/brokerages while they're getting pounded during a BTC dip. If it retests the high before then and gets rejected I'll probably hold off. Only investing money I can sit on until potentially 2024 if this is actually the start of a crypto bear market.

There's been way more influx of cash into btc over the past yr. Than ever before.

 

[Saysumthinfunnymike]

yeah my plays last week were crypto related w/ MARA and Argo. i may dump more into MARA again. No reason we shouldn't see 50 again imo

 

[Rickdogg44]

Alright... trying new strategy... I have "supertrend" indicator on my chart (6 month-4 hour timeframe) Once it hits up trend marker... go!

Buying 100 shares and selling atm/slightly above my cost basis strike covered calls... WEEKLIES.... wish me luck... went in margin on this...

FSR
SKLZ
LAZR

yes they popped today... but... scared money don't make money... plus covered calls sort hedge me. If below , sell weekly covered call next week

Edit: Supertrend setting = length = 7 , factor = 2. Default was 7 , 3 I believe

Recap from this:

Covered Call Premium Made (1 contract each):
CALL FSR 04/23/21 15.00 FISKER INC CL A = $50.00 (expired worthless)
CALL LAZR 04/23/21 19.00 LUMINAR TECHNOLOGIES INC CL A = $80.00 (assigned)
CALL SKLZ 04/23/21 16.50 SKILLZ INC CL A = $90.00 (assigned)

LAZR and SKLZ got assigned. I made ~$40 overall on the commons on those two assigned from my cost basis to the strike i was forced to sell at.

So quick $260 in two days (I did this trade on 4/21). On ~5k in margin. (5% profit )

I'm still holding FSR at cost basis 14.78 (if you want to get technical it is lower due to the $50 in premium i collected). I'll sell another covered call monday if green day.

 

[Deafheaven]

Is this rotation from crypto back to stocks?

Yeah. I dont really fukk with the coins directly, but the stocks based around crypto be booming

I remember mara was like 12 in january...no reason it shouldnt be 50 again in the bear future. And once its exposed hinderburg full of shyt with SOS with earnings unveiled thats gonna appreciate nicely

 

[FrostBite]

couldn't find a catch all crypto thread, I know some people talk about their holdings in here, but doesn't seem to get talked about much in this thread past that.. I'm interested playing some of the crypto stocks like MARA

this time in the last halving cycle BTC pulled back like 30-40% for the next leg up.

Anyone who didn't start paying attention to crypto this year like me have thoughts on this current run? Because from what I'm seeing crypto stocks ARE the damn play if we're seeing a correction for the next leg up within a bigger bull run.

My plan is if BTC hits sub 45k into the low 40s to think long and hard about loading up on some miners and crypto exchanges/brokerages while they're getting pounded during a BTC dip. If it retests the high before then and gets rejected I'll probably hold off. Only investing money I can sit on until potentially 2024 if this is actually the start of a crypto bear market.

I’m pretty new to the crypto world as well, but I found this comparison to the 2013 and 2017 BTC bull markets to be quite interesting. Almost identical runs.

 

[ISO]

im liking NIO back to 50 by end of May

might cop some calls before close

It better I bought into the hype when it was an All-Time high and lost bread

 

[Fly]

Some of these SPACs trading at/near NAV are going to be steals in the midterm/long term. Beachbody and Topps are solid companies.

 

[kareem929]

What would you all suggest for a novice trader who wants to learn how to study the market? I need help desperately while I have the time to do it.

 

[Spidey Man]

asts below 10 will be the steal of the decade if their tech is powerful

I'll have to do some digging. Sounds like a good idea

 

[CBalla]

I'll have to do some digging. Sounds like a good idea

Now if their tech is subpar or a scam

 

[Saysumthinfunnymike]

I’m pretty new to the crypto world as well, but I found this comparison to the 2013 and 2017 BTC bull markets to be quite interesting. Almost identical runs.

Sure but bitcoin wasn't being widely adopted then. It's been adopted by Tesla and various other companies.. this is different

 

[who_better_than_me]

It's so hard going back to a 9-5 when you make more playing the stock market .

I literally had a warehouse job last year and invested most of my income in the market. Now Im seeing weeks where Im gaining more than the job I had where I was sweating/breaking my back for close to minimum wage. I wish I knew about investing 2-3 years ago

Hopefully you get to a point where you can walk away from that job situation. I did warehouse in my early 20’s but it was just cardio for me.

 

[Slim]

Big earnings week coming up.

 

[Saysumthinfunnymike]

time for FAANG to justify their valuations again while Wall Street