Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[MTG#10]

He was awful. Every play I tried of his sucked, and somehow was smart enough to get out before he did.

[Munson]

2021 results:

Roth IRA +19.3%

401K +14.19%

[lewdog]

Originally Posted by Hog's Gone Fishin

Chris Sain

He's still out there. I watched one of his vid's the other day and the comments are funny as shit. He turned 106K into 180K into 103K. Now everybody is laughing at him.

I hadn't been following him any longer but I guess November was really bad for him. LOLOL

Here's a sample:

Real New York City Living
12 hours ago
I will most definitely not be doing Chris sain’s $100,000 challenge. I stated with him last year and I’m down HEAVY! I’m surprised he has the nerve to try to do it again. I’m just warning ⚠️ you guys I’m talking from experience.

He got up near 200k and now is around 96k! Epic collapse.

You’re welcome for telling you all he’s a fraud.

[scho63]

Originally Posted by scho63

I'm liking Tilray here.

Good for a pop after all this tax selling.

Think it goes back to $10-12 in first months

Originally Posted by Buehler445

That looks interesting. They need to show some income, and the additional stock issuance is not great, but surely the downside is about out.

Originally Posted by scho63

I'm buying 1000 shares and will buy 1000 more if it drops below 6

Originally Posted by Buehler445

You still in? Today was a rough one for Tilray.

Originally Posted by scho63

I just bought 1000 more shares and thats it. Got my cost average to $7.08 for 2000 shares.

Thats all I'm willing to risk in this.

Redemption Day.......

[neech]

You have any names for us Lewdog?

[scho63]

Originally Posted by neech

You have any names for us Lewdog?

SchoDog giving you two:

Tilray TLRY
Disney DIS

Look for good upside over the next 2-3 months

20-25% or greater for both

[lewdog]

Originally Posted by neech

You have any names for us Lewdog?

NASDAQ hit 10% correction territory yesterday and bounced back up. Still choppy and one green day doesn’t mean we’re ready to go back up. These long tails on candles get you stopped out when trying to trade using stops. But not using stops is just gambling.

I’m taking quick trades and only 20% invested max for trading. I got in MS today at 105 as it attempts to break a 5 month base. Oil was popping but I missed entry. Look for stocks with longer sideways bases and enter on breakout. Trying to time reversals right now hasn’t worked as many of those patterns just keep going red.

FFIV also on radar.

I’ll scan for setups tonight if this green holds.

[petegz28]

Seeing a big bounce on Friday and today makes me a bit nervous. Volatility is coming back into the market. Levels are uneven across the board. Tech stocks were oversold for panic reasons if you ask me so maybe some recognition of that is coming into the market today.

[eDave]

Originally Posted by petegz28

Seeing a big bounce on Friday and today makes me a bit nervous. Volatility is coming back into the market. Levels are uneven across the board. Tech stocks were oversold for panic reasons if you ask me so maybe some recognition of that is coming into the market today.

Metals.

[neech]

Originally Posted by lewdog

NASDAQ hit 10% correction territory yesterday and bounced back up. Still choppy and one green day doesn’t mean we’re ready to go back up. These long tails on candles get you stopped out when trying to trade using stops. But not using stops is just gambling.

I’m taking quick trades and only 20% invested max for trading. I got in MS today at 105 as it attempts to break a 5 month base. Oil was popping but I missed entry. Look for stocks with longer sideways bases and enter on breakout. Trying to time reversals right now hasn’t worked as many of those patterns just keep going red.

FFIV also on radar.

I’ll scan for setups tonight if this green holds.

Does LCID fit your pattern?

Energy sector seems decent throughout this rough market.

[Rain Man]

Originally Posted by neech

Does LCID fit your pattern?

Energy sector seems decent throughout this rough market.

I'm not an expert and have no system, but I feel like this is going to be a good year for oil stocks.

In fact, it's already been a good year for oil stocks. Most of the big ones are up 5+ percent already in 2022.

[neech]

Originally Posted by Rain Man

I'm not an expert and have no system, but I feel like this is going to be a good year for oil stocks.

In fact, it's already been a good year for oil stocks. Most of the big ones are up 5+ percent already in 2022.

Agreed, oil is a solid play right now and probably the rest of the year.

[rydogg58]

Originally Posted by Rain Man

I'm not an expert and have no system, but I feel like this is going to be a good year for oil stocks.

In fact, it's already been a good year for oil stocks. Most of the big ones are up 5+ percent already in 2022.

I picked up some Oneok (OKE) about the middle of last October. It's been rising fairly steadily since then. It also pays a decent dividend.

[lewdog]

Originally Posted by neech

Does LCID fit your pattern?

Energy sector seems decent throughout this rough market.

You'd have wanted to get in LCID using a buy stop market order at the high of 1-7 or 1-10 as it moved upwards today. If you bought in right now, your technical stop would be around 10%, which is too much risk given current market conditions.

[lewdog]

Here’s some setups I’m adding to my watchlist. I’m only trading if the market continues to look green and these confirm. That may happen any time this week but if it doesn’t happen, I don’t force any trades. Currently I will only enter positions with 5% stops or less given how tough the market has been to open the year. Many times after initiating a position, I set my stop to the low of the current day or the day prior, so I'm not using technical stops per say as I'd like to be more conservative currently and have smaller losses if I'm losing and positions move against me.

COOP 42.77 41.61 2.7
DGX 160 154.85 3.2
EXTR 14.67 14.26 2.7
LLY 262.50 255.63 2.6

Super performance is achieved by keeping losses small and preserving capital. I was reading about a professional trader who had 90% gains last year, in what was a tough trading year. He achieved most of those gains in about 6 total weeks, mostly all at the start of the year.