Boiler Room: The Official Stock Market Discussion

[NaijaProdigy Redux]

Lol first wave of major Wall Street firm bonuses hit this next pay cycle...got a lot of friends watching this shyt like

 

[charknicks]

So... how come they dont freeze the market when it freefalls like this? Only when we make money, right?

 

[blues_funk_reggae]

I told yall in another post, few things:

1. invest money you dont need right now
2. invest in blue chips, companies that will have you sleeping easy at night, companies that have a history of bouncing back.
3. get away from the phone and avoid any panic selling.


Im not expert either, I just use common sense

 

[lib123]

so like i said, expect perfect timing...

you got it breh...as overstated and cheesy as it is, there's a reason the whole "time in the market beats timing the market" pops up in every investing thread. I'll DCA...plenty of more people have missed gains waiting for some phantom bottom as opposed to DCA'ing on the way down and up...

Those people waited for the bottom while the market was rising. It's completely different waiting for the bottom while it's declining, especially this sharply. People and institutions have gone broke trying to catch falling knives.

 

[NaijaProdigy Redux]

So... how come they dont freeze the market when it freefalls like this? Only when we make money, right?

The first circuit breaker is a 7% decline for the S&P. We saw it a few times in March 2020

 

[-DMP-]

I told yall in another post, few things:

1. invest money you dont need right now
2. invest in blue chips, companies that will have you sleeping easy at night, companies that have a history of bouncing back.
3. get away from the phone and avoid any panic selling.

I’m trying to do the opposite. Tryna avoid panic buying lmao.

 

[FaTaL]

This is unbelievable

its supposed to get worse

 

[FreshFromATL]

This is unbelievable

Change your mindset and be thankful for this opportunity.

 

[Prolific]

Market just free falling... I think I've lost somewhere between $15,000 - $20,000 since November...

I have $13,000 on the sidelines. What should a brotha do?!

 

[winb83]

5.9%

7% now.

 

[Hahahaha]

I feel for the brehs who are going to owe on cap gains from last year soon and are getting raped right now. Luckily (or not...), I didn't sell much last year.

 

[Rickdogg44]

Vix at 37 and rising
Fear and Greed index at 37 and falling

Getting close to extreme fear levels. IYKYK.

 

[FaTaL]

Market just free falling... I think I've lost somewhere between $15,000 - $20,000 since November...

I have $13,000 on the sidelines. What should a brotha do?!

probably wait until it bottoms out, but what is the bottom?

 

[Rekkapryde]

7% now.

smmfh.

 

[blues_funk_reggae]

I feel for the brehs who are going to owe on cap gains from last year soon and are getting raped right now. Luckily (or not...), I didn't sell much last year.

That's why you separate a portion for Uncle Sam after every gain.

I've been using this site as a "calculator" to estimate my short term capital gains tax

2022 Capital Gains Tax Calculator - See What You'll Owe - SmartAsset

I compared it to the taxes I paid last year and it was pretty accurate, so I use it after every gain.