Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[In58men]

My average is a bit high on CCIV $33.89

Not sure I’ll be able to retire, I had high hopes.

[Doob02]

Looking for a couple new options any ideas?

I'm in NIO, FCEL, OGI, SNDL, MVIS, APXT, NNDM, GSAT, ZOM, CRIS, NAKD, BORR,

And of course CCIV.

[lewdog]

Originally Posted by Hammock Parties

Here's what works for me.

1. If the stock is anywhere near the 52-week high, don't buy.

2. Decide your exit point before you buy. This prevents you from reacting emotionally in the moment.

3. The more you invest, the quicker you need to think about getting out. If it's near the 52-week high, or over it, and you've made a few thousand, don't get greedy. This destroyed me with NKLA. I could have 10k profit. Instead I made a couple grand.

4. If the stock tanks, just hold til it goes back up, or you recoup enough that you're comfortable with the loss.

You're only going to get burned bad if you try to grab onto something emotionally anyway, at least in my experience.

This is what happened to me on NAK and GNUS. I'm holding both because I figure at least one is going up, and I've made enough on my other shit that I don't care about these losses now. They're worth holding at this point just to see if they go up, as they did before.

Above all remember this: STONKS ONLY GO UP!!!!!!!!

Did you forget your first rule when you bought CCIV?

Are you skipping rule 2 now that CCIV has rocked way past it’s previous 52 week high?

You’re contradicting yourself. Can’t be rules if you don’t follow them.

[lewdog]

Originally Posted by Doob02

Looking for a couple new options any ideas?

I'm in NIO, FCEL, OGI, SNDL, MVIS, APXT, NNDM, GSAT, ZOM, CRIS, NAKD, BORR,

And of course CCIV.

Short term trades or long term? These are all speculative stocks, IMO.

[Doob02]

I am open to options
Honestly just playing with these stocks and so far have done well.

[scho63]

Originally Posted by Hammock Parties

Here's what works for me.

1. If the stock is anywhere near the 52-week high, don't buy. BAD ADVICE

2. Decide your exit point before you buy. This prevents you from reacting emotionally in the moment. GOOD ADVICE

3. The more you invest, the quicker you need to think about getting out. If it's near the 52-week high, or over it, and you've made a few thousand, don't get greedy. This destroyed me with NKLA. I could have 10k profit. Instead I made a couple grand. BAD ADVICE

4. If the stock tanks, just hold til it goes back up, or you recoup enough that you're comfortable with the loss. BAD ADVICE

You're only going to get burned bad if you try to grab onto something emotionally anyway, at least in my experience. GOOD ADVICE

This is what happened to me on NAK and GNUS. I'm holding both because I figure at least one is going up, and I've made enough on my other shit that I don't care about these losses now. They're worth holding at this point just to see if they go up, as they did before.

Above all remember this: STONKS ONLY GO UP!!!!!!!!
BAD ADVICE

Updated and Corrected advice

[Hammock Parties]

It's what works for me. Your choice to be bad at stonks.

[scho63]

Not bad at all. Do quite nice.

Stocks break out all the time to NEW highs. That's why you buy at 52 week highs.

Let your winners run and quickly dump your losers. Not every stock comes back from the grave. ( Check GE and Lucent and Ford as examples)

Stocks only go up??? That's real bad advice

[Hammock Parties]

Originally Posted by scho63

Let your winners run and quickly dump your losers.

Bad advice.

[Johnny Vegas]

Originally Posted by Johnny Vegas

I got in on ATOS (4K shares) and UAVS (2k shares) in March. Lookin pretty good in my end.

I must say the UAVS has got me ****ing ecstatic. It was .33 when I purchased

[Hog's Gone Fishin]

24 stock portfolio

23 red today

****ing LOL

[DaKCMan AP]

Originally Posted by Hammock Parties

Here's what works for me.

1. If the stock is anywhere near the 52-week high, don't buy.

2. Decide your exit point before you buy. This prevents you from reacting emotionally in the moment.

3. The more you invest, the quicker you need to think about getting out. If it's near the 52-week high, or over it, and you've made a few thousand, don't get greedy. This destroyed me with NKLA. I could have 10k profit. Instead I made a couple grand.

4. If the stock tanks, just hold til it goes back up, or you recoup enough that you're comfortable with the loss.

You're only going to get burned bad if you try to grab onto something emotionally anyway, at least in my experience.

This is what happened to me on NAK and GNUS. I'm holding both because I figure at least one is going up, and I've made enough on my other shit that I don't care about these losses now. They're worth holding at this point just to see if they go up, as they did before.

Above all remember this: STONKS ONLY GO UP!!!!!!!!

This reads as if the "investor" has only traded during a historic bull market.

[scho63]

Originally Posted by DaKCMan AP

This reads as if the "investor" has only traded during a historic bull market.

[Hammock Parties]

stop being so mean to me!

[scho63]

Originally Posted by Hammock Parties

stop being so mean to me!

Lighten up Scrooge McDuck! You can buy new friends with all your new found wealth.