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03-13-2023, 05:32 PM | #13336 |
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03-13-2023, 05:38 PM | #13337 |
Fish are scared of me
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Golden opportunity to make some 100% gains on bank stocks
I grabbed some PACW and FRC for the rebound Last edited by Hog's Gone Fishin; 03-13-2023 at 05:56 PM.. |
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03-13-2023, 06:04 PM | #13338 |
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I'm pondering this as well. I picked up some miniscule amounts of SCHW and ABCB today. I really can't figure out why this stuff would have tanked SCHW so badly.
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03-13-2023, 06:07 PM | #13339 |
Fish are scared of me
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03-13-2023, 06:20 PM | #13340 |
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I'm just taking a wild guess - I don't know the author of the article or have any super-secret inside info or anything - but maybe they were referring to Feb/March 2020 when the Dow went from almost 30K to 18k in 3 weeks.
Some nonsense called Covid or something. Maybe you were absent or on vacation and didn't hear about it? |
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03-13-2023, 06:37 PM | #13341 | |
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The bad news is I piked out in the low $11s out of one of the early volatility halts. I was thrilled at first because it was a scary stock to be in and I was just glad the trade worked, then it went almost straight up over $25 and I wanted to puke. Left a lot of meat on that bone. Almost feels like a loss. |
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03-13-2023, 07:43 PM | #13342 | |
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I'll be honest, my trading only works in bull markets where I can be very successful trading for a profit that's a lot more than the index. However, I don't have the skills to be making money in markets like 2022 and so far 2023. Johnny, what are some of the strategies he'd be using in a market like 2022 to make such good money? |
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03-14-2023, 06:51 AM | #13343 | |
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Made a killin this morning on both these. Already sold and re entered on the pull back . Plan to grab more if they drop at market open. FRC was at $123 eight days ago. Can't imagine it doesn't hit $75 -$85 within 2 weeks now |
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03-14-2023, 07:11 AM | #13344 | |
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But yeah, he's a master of price action. Whereas newbs are buying breakouts, high of day breaks, etc., Jack is buying the consolidation at the end of a down trend just before it reverses. So he's selling into the newbs who are buying breakouts and HOD breaks. He also had the balls to size way up during that period in late 2020/early 2021. He crossed $1M in total trading profits in November 2020, and by March 2021 he was over $6M. So he really went all-in during that crazy run. We're required to integrate our broker's trading platform with a tracking system called Profit.ly, so all our trades are automatically uploaded into their system. So you can't cheat the system or fudge numbers. As the Business Insider article claimed, they verified his numbers with tax returns. I'll attach Jack's Profit.ly profit chart, you can see the almost parabolic rise in his profits at the end of 2020 to early 2021. Last edited by JohnnyHammersticks; 03-14-2023 at 07:18 AM.. |
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03-14-2023, 07:25 AM | #13345 |
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WAL was at 7.50 yesterday .
Now its at 37 |
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03-14-2023, 07:50 AM | #13346 | |
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03-14-2023, 07:58 AM | #13347 |
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03-14-2023, 07:59 AM | #13348 |
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03-14-2023, 09:04 AM | #13349 | |
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I'm going to be 40 this year. I graduated in 2002. And I certainly paid attention to the .com bubble and 9/11 I wasn't trading anything there. I got out of grad school in 07, and I had a good $5 maybe $6 in the markets when 2008 happened, the impact to the labor market mattered WAY more than my $5 going to $4 or whatever. Along my timeline (I understand not everybody goes to grad school and you can invest earlier than I did if you've got the money), but in order for anybody to have real money invested in 2008 along my timeline, they have to be what? 10 years older than me? That's 50 and you need to start looking at taking risk off the table. That's a pretty narrow swath of dudes that have taken bullets with real capital. PLUS, way more shit has happened since 2017 than from 2008 to 2017. And if the recession lasts very long at all you're going to be pushing for dudes going back to the 80s, and those guys aren't around. |
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03-14-2023, 09:33 AM | #13350 |
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Oh, this is nice. When Signature Bank collapsed, they replaced it on the S&P 500 with BG (Bunge). I have a lot of BG stock, and it spiked up since the ETFs will all need to start buying it. Out of the ashes rises a phoenix.
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