Boiler Room: The Official Stock Market Discussion

[El Bombi]

So brehs and brehettes in here

On a whim I bought some crypto (doge) and I’m up 25 percent on it.

and after doing some research I see that the wash sale rules and day trading pattern rules don’t apply to crypto. Is that correct?

So would it be worth it to gamble and try and flip crypto for small profits daily before the SEC cracks down on it? Is anyone else doing this?

Correct

 

[Deafheaven]

That isn't true. But I understand everyone's skepticism

???

So what do you think DoGe ceiling is value wise breh?

 

[chineebai]

buying some SWBI commons, stop at 19. $27 target.

check the 20.10 level, how many times did it test that today? Seems like a clear breakout off that level so far but only the closing price counts.

 

[Rickdogg44]

check the 20.10 level, how many times did it test that today? Seems like a clear breakout off that level so far but only the closing price counts.

Biden won't hurt gun industry?

 

[Rickdogg44]

For my dividend REIT brehs

SRET $9 Call June and Sept ... basically at current levels. Meaning $9 + premium = ~current stock price. It won't make you rich but you could be getting nice REIT etf without too much capital if it continues upward movement

 

[Da_Eggman]

 

[winb83]

 

[mson]

AMC is currently a Reddit short term pushed stock.

Buy under $10 and sell over $14.

It's a nice little every 2 months flip.

That shyt teasing us.

 

[Slim]

I'm still down on the week though....

 

[Rickdogg44]

at wrestling gifs

 

[winb83]

Abbvie paid a dividend today and I didn’t even notice. Oh well I’ll just buy something Monday with it.

 

[humminbird]

So brehs and brehettes in here

On a whim I bought some crypto (doge) and I’m up 25 percent on it.

and after doing some research I see that the wash sale rules and day trading pattern rules don’t apply to crypto. Is that correct?

So would it be worth it to gamble and try and flip crypto for small profits daily before the SEC cracks down on it? Is anyone else doing this?

if you do this keep track of how much money you're putting in and taking out
irs will try to say each time you take out crypto that you had a gain
you'll get a 1099 misc with data on each transaction that you had to add to your taxes that will show if you made or lost money from each purchase/sell
to be honest I wouldn't do it but if you want it to

 

[KalKal]

Looks like it's safe to be in the market again. This thread grew by dozens of pages since I last checked it last week, not going to read through all that .

The other day I bought a bunch of COIN puts that I was able to sell this afternoon at a $7000 profit. Putting it all into AAPL calls:
AAPL Sep 17 '21 $145 Call

Basically, I'm using this as a bet that tech stocks will return to where they were at their height. I'll probably cash out just before the next quarter earnings, though.

 

[choc_cardigan]

Looks like it's safe to be in the market again. This thread grew by dozens of pages since I last checked it last week, not going to read through all that .

The other day I bought a bunch of COIN puts that I was able to sell this afternoon at a $7000 profit. Putting it all into AAPL calls:
AAPL Sep 17 '21 $145 Call

Basically, I'm using this as a bet that tech stocks will return to where they were at their height. I'll probably cash out just before the next quarter earnings, though.

I was thinking COIN puts but I'm still learning charts. Damn good play

 

[Da_Eggman]

I'm still down on the week though....

Not dead yet