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**Boddah2** · 02-04-2021, 05:53 PM

God everything I made in this rollercoaster has been lost including some of my principle. I should have stayed out after the first profits. I knew it was going to stop but thought I could get one more run at it haha

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**ReconSWS** · 02-04-2021, 06:27 PM

@axle I trade from a TFSA so I literally don't have to do anything it's amazing. But, I've taken liberties with their limits I shouldn't have, and WILL have to file documentation unfortunately. Fuck me.

I came here to post this from the canadians seems topical to many situations.

**ReconSWS** · 02-05-2021, 10:56 AM

So it appears I was right about the tqqq, qqq, and spxl, literally just flat over night, would have killed IV. I'm waiting for something to happen today... like several circuit breakers on SPY, and memestonks +1000% , not a tall order at all for one day...

**bellicose** · 02-05-2021, 12:36 PM

TIL that you can trade cryptocurrencies over night. I dropped a C-note on Doge...time to count some pennies.

**Axel** · 02-05-2021, 01:22 PM

My current working theory is that cryptocurrencies' lack of fundamentals put DOGE at an advantage over memestonks in any timeline expect perhaps very short or very long terms. GME has got to eventually return to a valuation in line with the company's fundamentals, whereas DOGE's worth is entirely based on its acceptance (or not) as a legitimate alt coin. Merely by remaining at historically high valuations it will convince more and more crypto traders to add it to their portfolios, at least until its inflationary nature overwhelms demand, lol

**ReconSWS** · 02-05-2021, 04:14 PM

Took my 40% loss on GME on the wrist I deserved that. I wish it would go up to 1,000 for everyone else's sake, but I don't deserve it.

Instead, I took all my trading money and put it on 104 contracts of SPXS 50c for 2/19, and 4 contracts 55c for 3/19. Broker got a nice phat $100 commission out of that.

I need to face it, once a gay bear, always a gay bear. Stock don't go up for me, when I touch them, they go down.

Market is over-due for a correction.

**Siress** · 02-05-2021, 06:59 PM

I occasionally talk to a guy that, AFAIK, has been holding onto his cash in a savings account waiting for a 'crash' or market correction since the dip last Feb. By my estimate, he's lost ~30% earnings. We're all in for a real bad time if he makes good on this strategy. Meanwhile, I've done nothing... Literally nothing. I only log into my accounts to get legal forms/statements or deal with migrations. And yet, I spend time thinking about it because I cannot help but to think about it.... haha

Lesson #?
'Time in the market,' not 'timing the market.'

**Rusty Brass** · 02-06-2021, 02:37 PM

Anyone getting serious into crypto? I've been playing around on Robinhood, buying DOGE with pocket change, but after looking into it a little further I'm getting tempted to throw some real cash at Ethereum. It seems like it's actually useful for something other than paying hacker ransoms or the international arms/drug markets... Am I stupid for thinking it will be bigger than Bitcoin? Because it really looks like it'll be bigger than Bitcoin...

**the_matrix_guy** · 02-06-2021, 03:30 PM

OTC has been on fire these past couple of weeks. Made a killing in BRLL, BMIX, INKW, and now looking for VPER to explode. But theres been dozens of major runs in OTC these past couple of weeks, I'm talking 1000%+ runs, and not all of them dumped, some are consolidating and looking to run more. Obviously these should be looked at as momentum plays unless you do your DD and believe in the company's potential. Not all of them are current. VPER insiders have been tweeting about pending announcements including a financial report to become current. Technically, it was very strong all week, and closed strong yesterday with strong accumulation, should run more, IMO.

I'm still in EMAN AND OPTT, those are small caps with very strong core competencies and improving fundamentals, both have textbook uptrends with a lot of upside still.

**ReconSWS** · 02-06-2021, 04:09 PM

Originally posted by the_matrix_guy View Post

unless you do your DD and believe in the company's potential

OTCs are a bad idea now it's too late, you want to be the one with the 1000% selling into people buying now. I remember the weed OTCs did the same thing, I even held one at 1200% gains, did my due diligence, believed in the company, held it to 1000%, held it to 500%, held it to 100%, held it to -99.9999% lmao.

One day, I will average it down maybe, but this is the cost you will pay for playing OTCs now. You will have to eventually average into the -99%, if you believe in the company and did your DD.

**the_matrix_guy** · 02-06-2021, 04:24 PM

Originally posted by ReconSWS View Post

OTCs are a bad idea now it's too late, you want to be the one with the 1000% selling into people buying now. I remember the weed OTCs did the same thing, I even held one at 1200% gains, did my due diligence, believed in the company, held it to 1000%, held it to 500%, held it to 100%, held it to -99.9999% lmao.

One day, I will average it down maybe, but this is the cost you will pay for playing OTCs now. You will have to eventually average into the -99%, if you believe in the company and did your DD.

As a general rule of thumb: Yes. OTC companies are garbage generally speaking. You have to get in early, but not all of them are pump and dumps. Every co has to start somewhere. I was playing momentum mostly and I dont get too greedy. In fact, I rode INKW from .02 to .07, and the following day it kept surging to .13 before dropping back to 07 but I still made great money. Do your DD on VPER, and BMIX. BMIX has two exploration permits for lithium, if they make any kind of announcement regarding lithium, forget it. You're looking at 10,000%+. BRLL went from a fraction of a penny to .18 and its holding too. Hasnt even retraced. VPER went from fractions of a penny to .02, and its consolidating with bullish accumulation and buying pressure. But for the most part you just gotta play the momentum and not get too greeedy. every ticker has to consolidate even if its a good company. So if its a good company then you'll have time to get back on the train.

Anyway, i'll be back to tell you how it went with VPER. It's the only OTC Im holding, currently. It has pending news on several fronts as I mentioned.

**Siress** · 02-06-2021, 11:57 PM

As a friend aptly put it: "really stickin' it to the man, buyin' up his shares like that"

https://www.cnbc.com/2021/02/05/game...ata-shows.html

Attached Files

**gabe** · 02-07-2021, 01:29 PM

Well yeah, we all knew GME was a pump and dump and honestly I think the majority of people behind it weren't in it for an altruistic reasons but to make a buck. There were some real idiots and others who just want to feel like they're part of something larger that bought in and I honestly feel sorry for them. BUT that's the game. The free market is a beautiful and savage beast and takes no prisoners. Those that bought at all time highs and are bagholding now learned a valuable lesson. The smart ones saw the peak and got out last week.

**ghilliesuit** · 02-07-2021, 02:04 PM

Originally posted by ReconSWS View Post

I even held one at 1200% gains, did my due diligence, believed in the company, held it to 1000%, held it to 500%, held it to 100%, held it to -99.9999% lmao.

Diamond Hands.

**ghilliesuit** · 02-07-2021, 04:08 PM

I am curious to know what you guys think about NBEV. I am a complete amateur and have been sort of "pattern day trading" this for a while. (Pre-DFV/WSB) Making profit more often then not. I am, however, unskilled at assessing the fundamentals of companies. I was considering taking a small amount of disposable income (read "less than $100) and purchasing some calls. ($.20 @ 3.50. Obviously, not necessarily asking for a guarantee - but what kinds of things do you guys find as a personal Go - No Go check before pulling the trigger?

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