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  #1226  
Old June 8, 2020, 11:14 PM
iDumb iDumb is offline
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Btw I started getting out of some of my FAANG holdings. Sold all of my facebook, amazon shares last week. Apple is next. Though amazon selling may be a mistake. but I have more than enough exposure to it from index.

one day they are 1 trillion dollar company next day it's close to 2 trillion.. I find it ridiculous. But I am often wrong. lol. then again I just need to be 51% of the time right to make money:p
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  #1227  
Old June 9, 2020, 03:00 AM
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Quote:
Originally Posted by iDumb
I am not sure what you are talking about? what platform? and why u watching youtube videos for it? Are you takling about online brokers?

Current market exuberance feels like gambling. I totally agree. It's a combination of easy access/bored ppl at home/not gonna miss out this time mentally driving this stunning market rocket ship. But thats another story.

anyways, I woke up today morning, looked at the market and gone on a buying spree for first half and hour. Had brunch. Then went to the beach. Then came back and then ate more grill food and finally opened the trades that i did in the morning and saw made 700 dollars from todays trade. No research, No time spent.. purely based on market sentiments. u can call it gambling, I call it understanding market psyche. These are positions that will be closed with a day or two... So u don't always have to "know to invest" - u can trade any high volume traded stocks purely on technicals/sentiments.

I wrote a thread in this site years ago explaining why i think oil price will be low in foreseeble future. It's playing out and it will cont to be low. And over loong term oil companies in my opinion are bad investments but that didn't stop me from buying all the beat up ones currently at recovery phase.... cuz too may money on sideline and they are pouring it on the "beaten down sector"... so I too will ride with them and GTFO with some gain....the same reason i don't sshut down ppl who talk about bitcoin. personally i think it's a ponzi currency backed by nothing - but I am not gonna be the hero fighting billions of dollars being poured in it...i join in and watch.
I don’t like this kind of gambling. One of the main reason I am staying away.

It’s not something I want to be part of - gambling based on sentiment.

Nothing wrong with this approach.
I don’t need to be right and invest in 10/20 stocks to make money. I just need 1-2 stocks.
The issue here is; those stocks don’t offer you the opportunity to buy at the right price.

I don’t know when I will enter the market. But I feel when I see open goal and there is a good company available at a reasonable price - I will make the move.

Btw I’m not against those people who make money by sentiments etc.
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  #1228  
Old June 9, 2020, 05:31 AM
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Quote:
Originally Posted by SportingBD
I don’t like this kind of gambling. One of the main reason I am staying away.

It’s not something I want to be part of - gambling based on sentiment.

Nothing wrong with this approach.
I don’t need to be right and invest in 10/20 stocks to make money. I just need 1-2 stocks.
The issue here is; those stocks don’t offer you the opportunity to buy at the right price.
buying broader index or well diversified quality stocks isn't gambling. What I described above is gambling and i am well aware it. It's ridiculous whats happening. People who try to "catch" the run will end up getting hurt.

But your approach is a fantasy approach. Not based on sound logic. There is no 1 or 2 stock that will make it for you. Those are dreams. Hindsight is 20/20. And i can gurantee you - there is no way in hell you will put all ur money in 1 stock - if you do - you are stupid. You are still a newbie despite knowing the market knowhows for years.

anyways, opportunities are coming soon. this market is ridiculous. It shouldn't be this high. I do hours and hours of research before properly buying into a compnay that i hope to get like a 20 percent return over a year. Now stocks move 20% in matter of minutes. It has turned into a casino. But if you are invested in the broader market and have years ahead of you - who cares if it's high - u buy more and more and more and more when it drops.

Short term trades are fun - so I do it. it's a game for me. And I also lose money. but these are few hundred dollars gain/loss a day... I would never suggest to anyone to do this kind of things.

there is no get rick quick path.. you have no idea how badly i want to get out of everything right now!! including and specially 401k. i am fighting myself in not doing it becuase I know, I may get one call right let's say on selling but i wont get the second call right about buying....

The complete recovery of the market makes NO SENSE. the market Dynamics last 2 weeks are nothing short of CASINO like. but i am not a prophet so let's not get ahead of myself and go crazy and make things worse for me...

I have atleast another 30 years ahead of me.. I can't believe this haha.. thats a lo000ng time. I already feel like i been in market forever.

If things get as bad as march again - don't think too much, start buying.
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  #1229  
Old June 9, 2020, 10:01 AM
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you can never time the market. if you wait just for the right time then you will wait indefinitely. even if you buy at relatively high valuations, you will still come out ahead in the long run.

stock market isn't an avenue for getting rich quick. if you go with that expectation then you will be disappointed. I am not an expert investor like many here and I have lost money in my very initial phase but then recovered and then was able to grow my investment.

Invest a small amount in the beginning and then you can add into it slowly. Even if it's $500. Do your research but don't get bogged down by it.

I only invest parts of my disposable income. After all my monthly rent and bills (and maximizing on my 401k), I usually maintain 6 months of emergency fund in savings. Any savings beyond that, I invest in the market and too incrementally.
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  #1230  
Old June 9, 2020, 11:06 AM
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^you are maxing 401K - that's amazing. That in itself get u in a better position than 95% of ppl in your age group. that's the biggest battle. And then investing in a taxable account after that is cherry on top. You won! Next stop i guess would be diversification with income properties.

My work provides 457 (though pvt) as well as 403b. I was maxing both for a year and a half - then my expense shot up significantly and i had to trim the 457. If it was a govt 457, i probably would have devised a way to live on the income after contributing to both. There are so much expense we do that are unnecessary. I have amazon packages stacking in front of my house. Meaning that shite wasn't necessary. Covid created no vacation - thats tons of money saved. I just wish i was single. I would have been a baller .. i wouldn't know what to do with my money lol. oh i wait i know.. BUY MORE STOCKS!!!!
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  #1231  
Old June 9, 2020, 12:09 PM
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Quote:
Originally Posted by iDumb
^you are maxing 401K - that's amazing. That in itself get u in a better position than 95% of ppl in your age group. that's the biggest battle. And then investing in a taxable account after that is cherry on top. You won! Next stop i guess would be diversification with income properties.

My work provides 457 (though pvt) as well as 403b. I was maxing both for a year and a half - then my expense shot up significantly and i had to trim the 457. If it was a govt 457, i probably would have devised a way to live on the income after contributing to both. There are so much expense we do that are unnecessary. I have amazon packages stacking in front of my house. Meaning that shite wasn't necessary. Covid created no vacation - thats tons of money saved. I just wish i was single. I would have been a baller .. i wouldn't know what to do with my money lol. oh i wait i know.. BUY MORE STOCKS!!!!
I am not familiar with 457 or 403b. Will look into it.

As I work in the industry, I can't do day or short term trades. My employer requires 30-90 days holding period for securities. So most of my equity position is relatively long term. And leaned towards high dividend stocks. then I reinvest the dividends.

but it is time to diversify assets. looking into property and real estate investment. I don't think I can do typical 9-5 work for the rest of my life. ideal goal is to invest now and have enough passive income so I can retire by 45 or 50. wishful thinking I know. but one can only dream...
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  #1232  
Old June 9, 2020, 05:11 PM
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Quote:
Originally Posted by mufi_02
I am not familiar with 457 or 403b. Will look into it.

.
nothing to look into. 403b is the same thing as 401k except it is offered by non-profit organization. Limit is 20K.

457 is an extra place to put more pretax money offered by some government employers and in my case nongovernment nonprofit. Govt 457 = awesome cuz they cant' go bankrupt and u can roll over to 401k/403b in future. nongovernemtn 457 = u lose money if ur employers go bankrupt and u can't roll over to something else in future.


So 403b +457 = you can put away upto 40K for this year pretax. instead of your limit of 20 only.

its a good option to have but most ppl can't even contribute upto match forget about maximizing them.

they think they gonna buy some penny stocks with 3K usd and it will be the next amazon and will be 10,000% gain and will be a millionaire. Reality is even if they pick a good stock, they will sell once that 3k turns to 5k and starts going down to 4k. and then they will looking for another big one. Next thing u know u are 50 years old and have nothing to show for.
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  #1233  
Old June 9, 2020, 05:22 PM
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^i know this because I had purchased and sold apple few times over more than a decade. My first apple following split adjusted at $1 a year prior to them coming up with original ipod, they were thinking of selling music in itunes or something and i thought hey this is a shift and a future.. then ipod came, i was in college and bought 6k worth of apple shares with my loan money (in 2006) at split adjusted 8.5 dollars. I could have bought a house now with that investment if I didn't do anything and just forgot about it.. But market swings, Life happens and it's hard to keep a stock for 15+ years.

So the fantasy approach of investment makes me laugh - so many factors need to work for u... that will be as close as i will ever get to something like that.
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  #1234  
Old June 10, 2020, 06:44 AM
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Quote:
Originally Posted by iDumb
Btw I started getting out of some of my FAANG holdings. Sold all of my facebook, amazon shares last week. Apple is next. Though amazon selling may be a mistake. but I have more than enough exposure to it from index.
I made a similar move in late April. Sold FAANG stocks and bought a wide range of smaller tech stocks, CRWD, ZS, MDB, SQ, to name a few. Needless to say how much they've gained since. What kind of stocks are you planning to rotate into?

Apple is expected to announce they'll start manufacturing their own chips. This could be huge. With stocks getting overpriced I'm starting to wonder if it makes more sense to rotate back into the FAANGs to minimize downside risk.
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  #1235  
Old June 10, 2020, 09:29 AM
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Originally Posted by zman
I made a similar move in late April. Sold FAANG stocks and bought a wide range of smaller tech stocks, CRWD, ZS, MDB, SQ, to name a few. Needless to say how much they've gained since. What kind of stocks are you planning to rotate into?

Apple is expected to announce they'll start manufacturing their own chips. This could be huge. With stocks getting overpriced I'm starting to wonder if it makes more sense to rotate back into the FAANGs to minimize downside risk.
yeah. I have been super reckless from last week. Made like 20 transactions (this free transaction doing more harm to me). This casino like market movement got me and i put on my gambling hat... I usually buy like 1 stock a month with decent amount. should have never deviated from my approach...

faang looks like at break out. All in all - with rotation of stocks - at a loss of 4k+ last week to today. i managed to sold my winners and became a bag holder for travel oil. this is what happens when you go for wreckless glory instead of sound approach.

Now i think i wanna get back into amazon - i mean their cloud sector alone is 100s billions in market cap. the real pandemic proof company and the change in human behavior and try to capture 20% or so instead of casino glory.
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  #1236  
Old June 10, 2020, 11:14 AM
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FAANGs are on a tear. Apple using ARM chips convinced analyst it will go higher. Amazon had their target price revised higher as well. I own these two but I think MSFT has been another silent star. It is doing very well and Nadell's investment into Azure is paying off. But not sure if its too late to buy.

all of them seem overvalued but they keep on going higher and higher. crazy times!
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  #1237  
Old June 10, 2020, 12:28 PM
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Quote:
Originally Posted by iDumb
yeah. I have been super reckless from last week. Made like 20 transactions (this free transaction doing more harm to me). This casino like market movement got me and i put on my gambling hat... I usually buy like 1 stock a month with decent amount. should have never deviated from my approach....
I think just by staying in the market you've earned the right to be a little reckless. I'm sure you're doing it with play money anyway. The market has been so ridiculous even my spec plays like NAT and APHA are paying off. Whatever gains I'm making from spec plays I'm putting into bitcoin
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  #1238  
Old June 14, 2020, 02:07 AM
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Originally Posted by zman
I think just by staying in the market you've earned the right to be a little reckless. I'm sure you're doing it with play money anyway. The market has been so ridiculous even my spec plays like NAT and APHA are paying off. Whatever gains I'm making from spec plays I'm putting into bitcoin
Upped my play money. I can't tolerate watching all these robin-hood newbies declaring they know everything. Not gonna fight this wave while it lasts. Holding a stock next few months will be a wash.. You have to go on day trading mode. Buy and even close position the day of. There is a swing of ~20 percent in some of these widely traded stocks between days lows and highs.

- invest in big tech
- trade the low tech.

It's almost like bitcoin - if everyone is convinced they have value - they have value. Who cares about earnings LOL (what can possibly go wrong haha)
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  #1239  
Old June 14, 2020, 12:38 PM
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Any good 5G stocks? Next decade it seems like will be run by advancement in the 5g sector. Maybe more automation. For long term hold, I think this will be the sector to yield the most gain.

i think for now I will buy into big dawgs on weakness like qualcomm and NVIDIA. but is interested to any other ideas any of u have.. Also I am sure new apps is probably in the making that was not possible with 4G - which should become more clear in coming years ..
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  #1240  
Old June 17, 2020, 06:25 PM
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So Chase is offering me 700 to invest in JP Morgan and I know nothing of investing.
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  #1241  
Old June 18, 2020, 11:27 AM
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Quote:
Originally Posted by iDumb
Any good 5G stocks? Next decade it seems like will be run by advancement in the 5g sector. Maybe more automation. For long term hold, I think this will be the sector to yield the most gain.

i think for now I will buy into big dawgs on weakness like qualcomm and NVIDIA. but is interested to any other ideas any of u have.. Also I am sure new apps is probably in the making that was not possible with 4G - which should become more clear in coming years ..
I first thought of buying NVDA in 2016 during the crypto boom but never bought, ended up buying AMD instead which used to trade in single digit. NVDA started outperforming AMD last year and they seem to be at the forefront of every technological innovation whether its data science, blockchain, AI or 5G. Hands down one of the best companies to own. SWKS is also good
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  #1242  
Old June 27, 2020, 04:19 PM
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anyone else think this market is about to tank again. I am seeing slight uptick in covid cases.

Making so many wrong moves. My once or twice a year trade became more than 50 trades in the month of June alone. Had I not do anything at all, i would have been much ahead.
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  #1243  
Old July 12, 2020, 02:11 AM
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knock knock!!! Nobody doing anything in this wonderful market?? I just read trhough some 2 to 3 years past posts...I really think I am a really smart guy.

BTW I rebought amazon shares at a stunnning price of 2600/sh and still made money haha.
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  #1244  
Old July 12, 2020, 08:29 AM
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Quote:
Originally Posted by iDumb
knock knock!!! Nobody doing anything in this wonderful market?? I just read trhough some 2 to 3 years past posts...I really think I am a really smart guy.

BTW I rebought amazon shares at a stunnning price of 2600/sh and still made money haha.
Nice move I was thinking of doing that myself but didn't want to add to my exposure to AMZN so I ended up buying TSLA instead. I thought TSLA was overpriced at 700 yet I ended up buying at 1100 half of which I already sold at 1500. This market is just ridiculous - you can't lose even if you try. 95% of my stocks have always been tech. 5% are swing trades on speculative stocks like MJ /oil, etc. My two largest buys in recent times are CRWD and SQ which I bought in Mar/Apr in the 50s and 60s. Currently both are trading above 100. Over the next few weeks I'm going to spend 2-5% of those gains buying puts to protect downside movement in the near future.
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  #1245  
Old July 13, 2020, 08:56 AM
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Just sold my other half TSLA stocks at 1750, won't be surprised if it breaks 2000 but I've reached my target from this swing trade so I'm happy
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  #1246  
Old July 13, 2020, 09:00 PM
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Originally Posted by zman
Just sold my other half TSLA stocks at 1750, won't be surprised if it breaks 2000 but I've reached my target from this swing trade so I'm happy
great job. gambling paid off. inexperienced ppl will get burned if they wanna chase this. I like momentum, brand, tech and don't mind paying high premium for a good growth story but if valuation becomes ridiculous - you have to step back. I wouldn't short it because bubble can last for years but i wouldn't buy either.

I love tesla and I think Musk is a guy i would invest in any day. But not when all metrics are off. It didn't make sense to me to buy tesla at 1000, it sure as hell don't make sense at 2000. but will cont to watch it from sideline.
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  #1247  
Old July 14, 2020, 05:22 AM
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The operative word you mentioned is momentum. Once you understand it trading becomes easier. Having lived through, actually I should say having traded during the financial crisis made spotting trends and understanding momentum easier. Yesterday I finally picked up MRNA. News of their vaccine potentially getting approved and the stock being added to Nasdaq 100 should generate enough momentum to get them over 80. I have sell orders at 80 and 85, let's see how this one pans out.
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  #1248  
Old July 17, 2020, 06:22 AM
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Quote:
Originally Posted by iDumb
great job. gambling paid off. inexperienced ppl will get burned if they wanna chase this. I like momentum, brand, tech and don't mind paying high premium for a good growth story but if valuation becomes ridiculous - you have to step back. I wouldn't short it because bubble can last for years but i wouldn't buy either.

I love tesla and I think Musk is a guy i would invest in any day. But not when all metrics are off. It didn't make sense to me to buy tesla at 1000, it sure as hell don't make sense at 2000. but will cont to watch it from sideline.
What's your take on NFLX? It seems to be the TSLA of FAANGs. They missed earnings yesterday and pulled back nicely. Is it worth buying at these levels?
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  #1249  
Old July 28, 2020, 07:57 AM
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What's your take on NFLX? It seems to be the TSLA of FAANGs. They missed earnings yesterday and pulled back nicely. Is it worth buying at these levels?
I don't know man. I think NFLX growth is plateuing with increasing competition. They have dominated the sector unhindered for a decade now. I don't think u will be tripling ur money with it from here.

And I also think you are a better trader than I am. It seems like you tend to buy the right stocks or currency most of the time. The only thing perhaps I can do slightly better is avoiding a pitfall when irrational exuberance takes hold. u tend to double down. So you should keep on doing what you do and share some of them so we are exposed to new ideas/trades.

Credit card/fintech has been my favorite sector for over a decade now yet u were able to buy square on time. I am jealous.
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  #1250  
Old July 31, 2020, 09:45 AM
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I can't believe I almost got out of apple again. Never bet against it i guess. the darling stocks of past decade still delivering.. aapl, amzn, fb. Never lose when u buy on dip.

I just wish I always kept them and added to my position instead of going in and out. Cost me thousands of dollars over the years. But i guess should still be happy for being part of it.

you dont really need to go buy some obscure stock.. buy obvious ones.. things that u know.
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