Stock Trading -or- ReconSWS's Bane

[ReconSWS]

Since meme stocks didn't go down today, I'd say there is about a 105% chance that they sky rocket in the next 48 hours. Just a hunch.

[gabe]

Since meme stocks didn't go down today, I'd say there is about a 105% chance that they sky rocket in the next 48 hours. Just a hunch.

I've never known your in depth stock analysis to be wrong. All in.

[bellicose]

Since meme stocks didn't go down today, I'd say there is about a 105% chance that they sky rocket in the next 48 hours. Just a hunch.

I really hope so. I bought into the meme at just about the worst time.

So my kids are now heavily into the "stalk" market. Have you guys played the new Animal Crossing game? One of the ways to make money is buying buying turnips on Sunday, and then selling them some other point in the week. The prices are different twice a day, at morning open at 8am, and then at noon. Nobody has lost their investment yet (although I accidentally ate at stack of 10), but we have missed out on a huge spike because we sold early. I've got 2million in turnips waiting for this afternoon to sell. Hoping for a good ROI.

[Axel]

I'm a fan of what DOGE has been doing. I was dumping odd pocket change leftover from stock buys and dividends just to get some exposure and play with crypto a bit. For no scientific reason except that the price was so low I could buy nice round lots instead of tiny fractions of a bitcoin. And then suddenly the change I stashed in a joke coin spiked to $300, lol.

There's a lot of talk about how, unlike stocks, DOGE is a pure zero-sum game where the only possible way to make money is to sell off to the greater fool, and ultimately I guess that's the case for any cryptocurrency. But the other perspective, as DOGE pulls back into the 3¢ range and holds fairly steady (still up from a fraction of a penny), is that this surge has elevated it from a meme joke to a serious alt coin.

Who knows, I haven't bought anything since the surge began, I've just been checking my balance and giggling. I'm definitely holding, though. The most I can lose is $23 and change; if it spikes I might be able to take a nice vacation someplace with blue seas

[Rusty Brass]

I bought $100 on a lark a couple of months ago just on the off-chance good things might happen. My fingers are seriously crossed those lunatics manage to push it to a buck. I think I might enjoy turning a C-note into $12k . If it completely evaporates I won't cry either.

[Sharkytrav]

All it'll take is another couple tweets from Daddy Musk. Gotta keep a close eye out though. The spikes are very spikey. last 800% gain only lasted for a couple hours in the middle of the night before coming back down to modest gain levels. Keep those Elon Tweet notifications on.

[Magmoormaster]

I just bought a little less than 1000 Dogecoins. I figure at worst I lose about $30.

[autococker04]

You know, I’m starting to think that stocks don’t only go up. In fact, sometimes they go down.

[bellicose]

OK, I'm intrigued. Where do I buy Doge?

[Rusty Brass]

OK, I'm intrigued. Where do I buy Doge?

I installed the Robinhood app and bought through them. Coinbase is another one that does crypto but I haven't checked it out.
If you're going to toss money at DOGE realize that you're not likely to get much out of it and that you're as likely to fly by flapping your arms as it is to ever hit $1. It started as a joke after all - but it's fun to play

[Axel]

Have you read their blog post? It remains to be seen for sure but I suspect they are taking some shit that's not entirely justified

FYI I think coinbase does not have access to DOGE, double check before you commit

[Rusty Brass]

Yeah. What Axel said. They were subject to SEC rules for cash on hand vs contracts outstanding or some such gobblety-gook.
There was a little while where things got slow because their servers were glowing red hot from traffic but I don't think they actually did anything wrong. Grain of salt though, I'm no pro at this.

[bellicose]

Either way, they weren't transparent and stated it was to protect investors, not cover their own boots.

Coinbase doesn't do dogecoin, dang it.

[Axel]

Yeah, absolutely do not drop any coin you can't afford to loose outright. Expect it to go to zero and be pleasantly surprised if it doesn't. It started as a tiny fraction of a penny and it has held near the 3 cent range for coming up on a week now, but ANYTHING could happen and I can't make any prediction at all

Robinhood or a myriad of coin wallets can get you connected just Google and research. I believe Coinbase, one of the more popular apps for cryptocurrency, does NOT have DOGE

[Sharkytrav]

Can confirm Coinbase does not peddle the Doge.

[gabe]

You know, I’m starting to think that stocks don’t only go up. In fact, sometimes they go down.

Stay your tongue. Stonks are not for the weak of will but over time they do, in fact, ONLY GO UP

[Axel]

Stay your tongue. Stonks are not for the weak of will but over time they do, in fact, ONLY GO UP

Get your tongue out of your cheek 😁

Markets go up but stonks can definitely go to zero, I used to own CHK because I'm an idiot 😆

[gabe]

Get your tongue out of your cheek 😁

Markets go up but stonks can definitely go to zero, I used to own CHK because I'm an idiot 😆

What is that? Chick-Fil-A? When did they go public and how can I make it 100% of my portfolio?

[gabe]

Truly we live in an era of decline

[RuleOfSines]

I don't remember such a time

[gabe]

tbh neither do I. Used to be a thing in the 90's apparently where you got shareholder perks. My parents used to get coupons for mcd's in the mail for being shareholders.

[autococker04]

Whew, that’s relief. Good to know I’ll be rich soon.

[ReconSWS]

I was SO right, call premium fuckin noze dived. It's alright though, this means 0dte are very cheap now.

Added GME $420c 0dte x 4 for like 30 bucks each.

Also added 4x SPXL calls for March 19 and 4x SPXL calls for April 19, both at 50c ... insurance against GME crashing the markets.

[bellicose]

Who do you go through for your call options? Through this whole GME thing, I am learning way more about the stock market right now than the old buy high/sell low phrase. I don't know that I'll ever use them, but it's nice to know.

[Axel]

Yeah, absolutely do not drop any coin you can't afford to loose outright. Expect it to go to zero and be pleasantly surprised if it doesn't. It started as a tiny fraction of a penny and it has held near the 3 cent range for coming up on a week now, but ANYTHING could happen and I can't make any prediction at all

Robinhood or a myriad of coin wallets can get you connected just Google and research. I believe Coinbase, one of the more popular apps for cryptocurrency, does NOT have DOGE

And having said all that, DOGE is popping again today. This world is insane

[ReconSWS]

I'm in Canada so I use CIBC since they are the only ones negligent enough (just kidding love) to approve me. If you are in USA, use TDA.

Look at this setup bros, guess what I had as options last week that I sold for profits.

QQQ 330, QQQ 335, TQQQ 110, TQQQ 115

If I would have held those til today instead of taking my profits, I probably would have... not made much extra money due to implied volatility stupidity.

I would have been sad, and I would have sold for a 50% loss (not that I already lost that 50% doing something else).

Because the truth is, if I held til expiration tomorrow, 100% chance it would fuck me.

Look at this setup. STOCK at an ALL TIME HIGH.

STONKS, at an ALL TIME LOW (relatively).

Tomorrow is going to be explosive, like last thurs/friday.

[Axel]

How complicated is it to file taxes in Canada with all the options trading? Down here I can handle buying and selling stocks, and dividends are pretty straightforward, but I wouldn't know where to begin with options. And then I got to do it again for the state which has a whole different system and set of rules. Mercifully, my municipality does not tax investment income or I'd have to do it yet a third time