Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[jdubya]

Originally Posted by Hog's Gone Fishin

I've become a big believer in mutual funds just for this reason. I've tried day trading and it's not a winning proposition. Individual stocks are just too volatile and pot luck at best. I only own two individual stocks at this time and I'm a lot happier knowing while I'm out fishing somebody else is managing my portfolio and that's how they earn their money

Thats how Ive handled my real money. My day gambling, oops I mean trading has just been to fill some time while SIP and I am just using some petty cash.

[petegz28]

The play I am setting up for is going to be a huge straddle on the SPY on election night. I will probably take some money off the table the day before. But I can almost guarantee that the day after the election is going to either go way up or way down, thus the straddle.

[lewdog]

Originally Posted by petegz28

The play I am setting up for is going to be a huge straddle on the SPY on election night. I will probably take some money off the table the day before. But I can almost guarantee that the day after the election is going to either go way up or way down, thus the straddle.

When you post in this thread, you seem infinitely smarter than when you post in other threads.

It's honestly just amazing.

I enjoy your postings in here and learn a lot from them.

[Hammock Parties]

Originally Posted by petegz28

The play I am setting up for is going to be a huge straddle on the SPY on election night. I will probably take some money off the table the day before. But I can almost guarantee that the day after the election is going to either go way up or way down, thus the straddle.

You might make 15%.

Big whoop.

You can double your money on some of these pandemic plays.

[petegz28]

Originally Posted by Hammock Parties

You might make 15%.

Big whoop.

You can double your money on some of these pandemic plays.

Yeah, you go "double your money" in those plays. It might help offset the net losses you end up taking thinking you are smarter than the market.

And you're an idiot if you think 15% is what someone would make. Since you are buying options you could easily walk away with a 200% to 500% return. But I wouldn't expect you to understand these complexities.

[Hammock Parties]

Originally Posted by petegz28

Yeah, you go "double your money" in those plays. It might help offset the net losses you end up taking thinking you are smarter than the market.

The only real loss I've taken was that IQIYI bullshit some idiot here told me to play. I am absolutely killing it on pandemic stocks.

And you're an idiot if you think 15% is what someone would make. Since you are buying options you could easily walk away with a 200% to 500% return. But I wouldn't expect you to understand these complexities.

Please, do tell us how your election night tomfoolery goes. I eagerly await your gainz.

[Hog's Gone Fishin]

[petegz28]

Originally Posted by Hammock Parties

The only real loss I've taken was that IQIYI bullshit some idiot here told me to play. I am absolutely killing it on pandemic stocks.



Please, do tell us how your election night tomfoolery goes. I eagerly await your gainz.

The volatility tied to this election will be one for the record books. You saw how the overnights went when Trump won. Now if Trump wins you can expect at good 10% rally in a matter of days as a sign of relief and a continuation of business friendly policies.

If Biden wins you can expect at least 10% sell off in the blink of an eye on the expectation he is going to raise corporate tax cuts and roll back any regulation changes Trump made.

But that would take a sense of understanding the market. You seem to like playing these "get rich quick" stocks which means you have no ****ing idea of wwhat you are doing.

[petegz28]

Anyone who says "they are killing it" when the market just made a great run is like a DB talking shit after his QB and offense won a game 45-43.

[lewdog]

Originally Posted by petegz28

Anyone who says "they are killing it" when the market just made a great run is like a DB talking shit after his QB and offense won a game 45-43.

"Everyone's a savvy investor when the market is bullish."

I learned this from a few mistakes.

[petegz28]

Originally Posted by lewdog

"Everyone's a savvy investor when the market is bullish."

I learned this from a few mistakes.

Exactly. And unless you do some serious ****ing homework you are pretty much subjected to the Random Walk Theory. Or "a rising tide lifts all boats" if you will. I mean if it were so easy to pick out the next Apple or Netflix or Roku everyone would be ****ing rich as hell.

[Abba-Dabba]

NAIL over 31. Still riding it.

[petegz28]

I'll tell you now, if you think you are going to "get rich quick" picking stocks or even worse, penny stocks then you might as well go to the casino and play craps. You literally will have better odds.

[jdubya]

I do remember years ago reading "Beating the Street" by Peter Lynch and if memory serves, he showed a group of 10 year olds picking stocks that beat the "Street" lol.....

I`m not mocking anyone but that part of his book resonated with me.

[petegz28]

Originally Posted by RubberSponge

NAIL over 31. Still riding it.

Good chart pattern and home builders are getting a bid right now because sellers dropped out of the market so people are turning to new homes.

I would expect a run up to $45ish if things stay as they are.