Money Investing megathread extravaganza - Page 691

**DaFace** · 06:35 PM

A place to talk about investing stuff.

KChiefs1 · 06-29-2021, 11:51 AM

Quote:

Originally Posted by TambaBerry

Patience with AMC

I’m very patient.

**lewdog** · 06-29-2021, 12:16 PM

Still have 75% of my AAPL trade. Moving stop to yesterday’s low.

In on TLRY mentioned above.

neech · 06-29-2021, 01:45 PM

Quote:

Originally Posted by lewdog

Still have 75% of my AAPL trade. Moving stop to yesterday’s low.

In on TLRY mentioned above.

Is your target on ENTG around 126 and change?

**lewdog** · 06-29-2021, 01:54 PM

Quote:

Originally Posted by neech

Is your target on ENTG around 126 and change?

I sold all between 122-23. Sold some and then got stopped out on the rest on 6-23 large red candle day.

Also just got stopped out for a loss on ABNB. That didn’t last long. Lol

neech · 06-29-2021, 01:55 PM

Quote:

Originally Posted by lewdog

I sold all between 122-23. Sold some and then got stopped out on the rest on 6-23 large red candle day.

Also just got stopped out for a loss on ABNB. That didn’t last long. Lol

I was just wondering when I should sell mine, thoughts? I got in when you did.

Shag · 06-29-2021, 02:28 PM

Quote:

Originally Posted by lewdog

My target tomorrow.

TLRY 18.68, 17.40 stop, 6.8%

Quote:

Originally Posted by lewdog

Still have 75% of my AAPL trade. Moving stop to yesterday’s low.

In on TLRY mentioned above.

This one's been trending down all day - did you have a buy limit hit early? If not, curious why you took a position (trying to learn).

**lewdog** · 06-29-2021, 02:50 PM

Quote:

Originally Posted by Shag

This one's been trending down all day - did you have a buy limit hit early? If not, curious why you took a position (trying to learn).

Buy stop market at that price. It went up to 19.24 this morning so it was triggered.

stumppy · 06-29-2021, 04:41 PM

WooHoo!

VTNR has blown up 43% after hours.

**lewdog** · 06-29-2021, 05:03 PM

Quote:

Originally Posted by neech

I was just wondering when I should sell mine, thoughts? I got in when you did.

This is all very subjective and you really have to figure out how risky you'd like to be with trading.

I lean to the more conservative side. Many traders are much more aggressive than I am. I prefer a lot of little-medium successes while others prefer being less accurate and trade for the home run.

Market conditions also precipitate how aggressive you should be. When things are whip-sawing, I am much tighter with stops. When things are going well, my initial stop loss may stay for days at a time.

With ENTG I was more conservative because it's previous best close was 122.05. So I tightened stop losses near this area in case it met resistance again. This did lead me to getting stopped out completely, which is fine as I locked in a 5% win. Had this stock been still retracing a previous high, I may not have been as tight with my stop. If you want to be aggressive with this trade you could sell 25% now and keep your original stop loss. If you'd like to be more conservative you could sell 25% now and set stop to right below intraday low of 6-28 at 118.49 (This scenario means it will be a green trade for sure).

My strategy for most trades is to sell 25% of the position when I hit a 5% gain. I then scale out another 50% of the position near 8-10% and absolutely raise my stop loss at this time. If my trading hasn't been going as well as I'd like, when I hit a 5% gain I also raise my stop to break even so that even if I get stopped out, I keep that trade green. If you prefer a stock to run but want to stay green, just keep raising your stop to the previous day's low.

Hog's Gone Fishin · 06-29-2021, 05:31 PM

Quote:

Originally Posted by stumppy

WooHoo!

VTNR has blown up 43% after hours.

Wait, did you let us know this was gonna happen?

Hog's Gone Fishin · 06-29-2021, 05:35 PM

Quote:

Originally Posted by lewdog

This is all very subjective and you really have to figure out how risky you'd like to be with trading.

I lean to the more conservative side. Many traders are much more aggressive than I am. I prefer a lot of little-medium successes while others prefer being less accurate and trade for the home run.

Market conditions also precipitate how aggressive you should be. When things are whip-sawing, I am much tighter with stops. When things are going well, my initial stop loss may stay for days at a time.

With ENTG I was more conservative because it's previous best close was 122.05. So I tightened stop losses near this area in case it met resistance again. This did lead me to getting stopped out completely, which is fine as I locked in a 5% win. Had this stock been still retracing a previous high, I may not have been as tight with my stop. If you want to be aggressive with this trade you could sell 25% now and keep your original stop loss. If you'd like to be more conservative you could sell 25% now and set stop to right below intraday low of 6-28 at 118.49 (This scenario means it will be a green trade for sure).

My strategy for most trades is to sell 25% of the position when I hit a 5% gain. I then scale out another 50% of the position near 8-10% and absolutely raise my stop loss at this time. If my trading hasn't been going as well as I'd like, when I hit a 5% gain I also raise my stop to break even so that even if I get stopped out, I keep that trade green. If you prefer a stock to run but want to stay green, just keep raising your stop to the previous day's low.

Damn, Thats grinding. I enjoy swinging for the fences for the most part. But I'm consolidating right now to take a break. Maybe!

**lewdog** · 06-29-2021, 05:41 PM

Quote:

Originally Posted by Hog's Gone Fishin

Damn, Thats grinding. I enjoy swinging for the fences for the most part. But I'm consolidating right now to take a break. Maybe!

That's the tradeoff for using capital risk management strategies. Everyone swings for the fences until a market correction (even a 10% one) happens and they see their account go down 25%+ as they are loaded with growth stocks (They always come back until they don't!). I don't do all this work to give my capital back! Some of these people with huge gains will see them evaporate someday if they don't have a plan.

Even with all these "small gains," my total account value in June has gone up nearly 20%.

stumppy · 06-29-2021, 05:42 PM

Quote:

Originally Posted by Hog's Gone Fishin

Wait, did you let us know this was gonna happen?

Uh....er.......I am now.

**lewdog** · 06-29-2021, 06:37 PM

This came across on my pullback screener. Interesting and I drew a line on possible entry at 23.43, looks to be about 4.3% risk using stop right below intraday low of today. Has potential to retrace back to upper 20's (was just there 27.92 spike) with prior highs at 35. Recent cross of the 20 through the 50. Only negative is volume on recent large selloff day.

**Anyong Bluth** · 06-29-2021, 07:06 PM

My brother and I have been looking into Life sciences companies like psychedelics and new molecular therapeutic treatments.

Yahoo posted an investor forum that I'm going to go through all the companies that presented. I think there's a tremendous opportunity for a new growth sector that is going to explode in the coming decade.

https://finance.yahoo.com/news/life-...123500576.html

One I like already is Field Trip. They have applied to be moved up onto the Nasdaq, and have a former Senate Majority Leader who is on their board as well as being a public ambassador (like on CNBC), which I would imagine has some favorable advantages in terms of policy & the regulatory process to some degree.

I've already picked up a little over 1000 given the price. It's been making positive gains already and I think it's going to jump when it gets bumped up to the Nasdaq.

$FTRPF

Either way, I plan on adding more from this new field to my portfolio and scouting them early to get a decent amount at low cost.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-63101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,578

06-29-2021, 12:16 PM	#10352
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-148100	Still have 75% of my AAPL trade. Moving stop to yesterday’s low. In on TLRY mentioned above.
Posts: 46,167

06-29-2021, 04:41 PM	#10358
stumppy New and Improved Join Date: Mar 2002 Location: Springfield, Mo. Casino cash: $-581410	WooHoo! VTNR has blown up 43% after hours. __________________ “As a nation, we can endure damaging policies for a four-year term. But we cannot survive a president willing to terminate our Constitution”
Posts: 22,028	2 0

06-29-2021, 06:37 PM	#10364
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-148100	This came across on my pullback screener. Interesting and I drew a line on possible entry at 23.43, looks to be about 4.3% risk using stop right below intraday low of today. Has potential to retrace back to upper 20's (was just there 27.92 spike) with prior highs at 35. Recent cross of the 20 through the 50. Only negative is volume on recent large selloff day.
Posts: 46,167

06-29-2021, 07:06 PM	#10365
Anyong Bluth Deus ambulans inter homines Join Date: Mar 2005 Location: Chicago Casino cash: $9579340	My brother and I have been looking into Life sciences companies like psychedelics and new molecular therapeutic treatments. Yahoo posted an investor forum that I'm going to go through all the companies that presented. I think there's a tremendous opportunity for a new growth sector that is going to explode in the coming decade. https://finance.yahoo.com/news/life-...123500576.html One I like already is Field Trip. They have applied to be moved up onto the Nasdaq, and have a former Senate Majority Leader who is on their board as well as being a public ambassador (like on CNBC), which I would imagine has some favorable advantages in terms of policy & the regulatory process to some degree. I've already picked up a little over 1000 given the price. It's been making positive gains already and I think it's going to jump when it gets bumped up to the Nasdaq. $FTRPF Either way, I plan on adding more from this new field to my portfolio and scouting them early to get a decent amount at low cost. __________________ Suck it, *beautiful*
Posts: 14,918	1 0