Stock Trading -or- ReconSWS's Bane

[bellicose]

That's how it's supposed to work, right? That's my MO anyway...

[gabe]

I bought the dip on PLTR and then it just kept dipping....

[ReconSWS]

I should try inversing myself one of these days...

[ReconSWS]

Nice man, your killin' it!

[ReconSWS]

This didn't age too well.

Anyone else taking a beating on their high flying tech stocks?

Buy the dip, obviously (assuming it will continue to dip til friday). Then sell the next leg up.

[Axel]

I see a crazy run-up from the end of January followed by an appropriate correction giving back some of those gains. The rocket towards the end of the chart runs from Feb. 1-10, followed by correction and a smaller upswing basically settling back to the same gentler upward trajectory from before the spike
granted, I am not especially tech heavy but it's a similar story for Palantir

[gabe]

2021 is an extinction level event for bears. Time to hang up the bear paws, forever.

This didn't age too well.

Anyone else taking a beating on their high flying tech stocks?

[Boddah2]

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[gabe]

For my main portfolio I'm seeing 20% gains for the last year, 15% average over the 3 years I've been invested. The first 2 years are 10% averages from 2018 and 19 when I was 100% VTSAX. This last year picking stocks I didn't really beat VTSAX or the S&P500 but I did manage to stay with it but average a 3.5% dividend yield which is about double what the indices offer. I wouldn't necessarily spend the time to get to that point just for a higher dividend yield unless it's something you're passionate about.

On the other hand my yolo/day trading account is up 110% since May of last year when I opened it. There's money to be made if you're willing to get up at the crack of dawn and fight for it.

[ReconSWS]

2021 is an extinction level event for bears. Time to hang up the bear paws, forever.

[bellicose]

What kind of percentage gains are you getting? I want to learn more, but not sure if I want to devote the time to do the research like you do. But, then again, I would like to retire some day, and my state run retirement account isn't going to make that happen.

[gabe]

You guys weren't kidding about VSMAX and VTSAX. Already up 2.5%. That's like a half year's worth at what I was getting from my other mutual funds.

VTSAX gang represent!

But for serious, VTSAX was the go-to before I started picking individual stocks. With a lot of research, constant attention, and some creative trading you can beat the overall market's return but I always wish for going back to a 100% VTSAX portfolio and just never looking at it again until I want to retire....but making big returns always keeps me in the rat race lol

Sold a few cash secured puts on SNDL today. Hopefully it doesn't tank but with how high the premiums are even if it does and the shares get assigned I'm not hurting. Selling $2 puts for $70/contract means adjusted cost basis would be $1.30/share so no worries. Getting in on these volatility spikes has really made my options game go brrrr. Once theta decay and IV crush come into play near expiration it's nothing but profits.

[bellicose]

You guys weren't kidding about VSMAX and VTSAX. Already up 2.5%. That's like a half year's worth at what I was getting from my other mutual funds.

[Rusty Brass]

Day trading always gets me into trouble. That or I get good faith violations because Fidelity is slow.

Yeah. Wut up with the day trading thing? Before signing up for Robinhood I'd never heard of day trading being a separate deal from any other stock or security trading - but then my only experience prior was handing money to an investment firm. Making money too fast is now not cool? How does margin enter into just vanilla buy low/sell high?

[bellicose]

Day trading always gets me into trouble. That or I get good faith violations because Fidelity is slow.