Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Buehler445]

Originally Posted by TwistedChief

I think you may have misunderstood. What this person was almost certainly referring to is the fact that the Fed targets core inflation (actually core PCE which is a bit different from core CPI primarily due to the way it treats at housing costs and medical expenses) and that those core measures exclude food and energy. The rationale is that they’re volatile and subject to supply/demand factors that the Fed can’t easily control and that short term disruptions usually revert.

That is precisely what he was saying. I thought it wasn't a great look for the Fed to be out there shouting from the rooftops that there was no inflation - full stop - when the most affected people (paycheck to paycheck folks) were seeing their dollars only stretch 70% as far as they used to.

Originally Posted by TwistedChief

Classic (error) case is the ECB who targets headline inflation (HICP) and they hiked into the housing crisis in 2008 because energy was spiking. This was not a welcome decision.

That's fair. And to be fair here, I'm not suggesting the Fed fix anything. I just think there should be better metrics and a more clear picture of what's actually happening out there.

[Chazno]

Originally Posted by TwistedChief

I'm sorry, but I don't think you know as much as you think you know.

The feeling is mutual so your words mean nothing to me.

[TwistedChief]

Originally Posted by Hog's Gone Fishin

You know what?? Some of us were smart enough to take out our basis already and are sitting on House money to play this. Remember , it has already gone from $8 to $72.

Those of you not playing this slot machine may end up watching us dumbasses cash in.

I wonder if DaFace has ever bought a lottery ticket ,ever?

Sorry, that came out harsh. I'm not criticizing you for playing around in these stocks. I wouldn't recommend it to anyone I know as I don't think there's any real edge you have, but if you've made money doing it, by all means, good for you. Buy your lottery tick, enjoy the experience and stimulation, and hope it cashes out. Nothing wrong with that.

It's when people start talking about "the hedgies" manipulating dark pools and spreading false information and "bear attacks" and all of this other nonsense. You're assuming you know a lot more about what drives these stocks than you do. And you're making the entire thing very personal when each price move you feel you need to explain on the basis of this narrative.

That's all. I've been a professional trader for nearly two decades. I've run a trading desk at a bank and have been a portfolio manager at a "hedgie" managing dozens of other traders globally.

Trying to personify price action is a slippery slope that isn't conducive to clear thought and good trading.

[MTG#10]

Originally Posted by TwistedChief

I'm sorry, but I don't think you know as much as you think you know.

That's fine, luckily for me I'm not too concerned with your opinion on it.

[MTG#10]

Originally Posted by TwistedChief

It's when people start talking about "the hedgies" manipulating dark pools and spreading false information and "bear attacks" and all of this other nonsense.

This is how I know you don't know what you're talking about. The dark pool price manipulation has been proven and even reported by the media. Do some research before you criticize.

[TwistedChief]

Originally Posted by MTG#10

This is how I know you don't know what you're talking about. The dark pool price manipulation has been proven and even reported by the media. Do some research before you criticize.

Yup, never read Flashboys. Never heard of dark pool manipulation. LOL.

I'm sure that's really what's driving the meme stocks you're trading.

[DaFace]

Originally Posted by Hog's Gone Fishin

I wonder if DaFace has ever bought a lottery ticket ,ever?

Not often, but sure. But I didn't make a huge deal about how much money I was going to make on it and then watch idly as my gullible friend put his life savings down on it.

[lewdog]

Originally Posted by TwistedChief

Yup, never read Flashboys. Never heard of dark pool manipulation. LOL.

I'm sure that's really what's driving the meme stocks you're trading.

I’m reading flashboys right now. Great book!

[MTG#10]

Originally Posted by TwistedChief

Yup, never read Flashboys. Never heard of dark pool manipulation. LOL.

I'm sure that's really what's driving the meme stocks you're trading.

Tapout acknowledged.

[displacedinMN]

Now up 500+ today. Ugh

[DaFace]

Originally Posted by displacedinMN

Now up 500+ today. Ugh

Why "ugh"?

[displacedinMN]

I can't take the roller coaster
At least I am only down 4500 the last two.days

[Rain Man]

Originally Posted by DaFace

Why "ugh"?

I was doing more of a "whoo!"

[MTG#10]

Originally Posted by MTG#10

AMC is gonna have a good day tomorrow, I can feel it in my loins.

My loins never fail me.

[Buehler445]

Originally Posted by TwistedChief

Yup, never read Flashboys. Never heard of dark pool manipulation. LOL.

I'm sure that's really what's driving the meme stocks you're trading.

Flashboys was a truly fascinating book. I listened to it on the tractor. I had to keep backing it up and relistening to parts because I’d be like, “do what now? LOL”.

It’s like listening descriptions of ancient battles. Conceptually I know what’s happening , but I don’t know any of the names, formations, armpit weapons or context so it’s so foreign to me that it’s hard to visualize.

One of my favorite books.

And my broker was talking to me about similar weird shit happening on the minute charts in the grains. It’s no big thing for me but it’s hard for him to work in when it’s possible to get filled on these fishing exercises.