Boiler Room: The Official Stock Market Discussion

chineebai

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:salute:
I might as well take profits and dont take chance tho unless you are long.
Taking profit is never a bad idea. Lock that shyt in. Personally I've put a bit more into natural gas but I manage risk with anything looking at support and resistance levels. Right now energy needs buyers to step up a bit.
 

FabTrey

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Taking profit is never a bad idea. Lock that shyt in. Personally I've put a bit more into natural gas but I manage risk with anything looking at support and resistance levels. Right now energy needs buyers to step up a bit.


Im sure it will continue to run.

I dodged a bullet taking crypto profts few months ago. Wouldve lost so much if i didnt. :whew:
 

ExodusNirvana

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algebra my friend...one of the few useful levels of math past elementary

x = desired new agv price
y = original # of shares you own
c = your current avg cost/share
z = # of new shares you need to buy
n = new price you're considering buying at

your example would never work as you can't avg down to the current lower price while having shares above the current price, but the formula is

x = (yc+zn)/(y+z) ---> solve for Z

if you had y=15 shares at c=$1.2/share, you want to buy z shares at $1.05 for a desired new avg of x=$1.1

1.1 = ((15*1.2)+ 1.05z)/15+z...z = 30 shares you'd need to buy @ 1.05 to average down to 1.1

Yes i typed all that out because i'm a nerd :hamster:
NGL....this post made my shyt jump just a lil :noah:
 

lib123

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The CPI report today is crazy. Feds need to raise rates at a much more aggressive rate, thinking 0.75-1.00.

coal shortage = more nat gas = CHK/RRC

Yeah they waited too long. They should've started hiking rates last year shortly after vaccines became mass available.
 
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