(03-18-2021, 08:01 PM)JaG4LyFe Wrote: [ -> ]Discount Thursday again. I'm regretting buying ACIC and ALTU so early but we'll be green tomorrow. Weed gang taking off tomorrow?
What is a 7-layer dip? You've used that expression several times, and I'm curious what that is.
(03-19-2021, 08:19 AM)The Real Marty Wrote: [ -> ] (03-18-2021, 08:01 PM)JaG4LyFe Wrote: [ -> ]Discount Thursday again. I'm regretting buying ACIC and ALTU so early but we'll be green tomorrow. Weed gang taking off tomorrow?
What is a 7-layer dip? You've used that expression several times, and I'm curious what that is.
You keep doubling down your position because you thought your initial entry was the dip. For example, my first entry into AMC was 20 @ 8.97. It went to 8.50ish, I doubled down 20 shares, now my average cost is 8.75ish. It went to 8ish, double down, now my avg cost is 80 shares at 8.37ish. It went to sub 8, cant remember exactly so I dd again, my end share price is 8.14. Now somewhere around 10 a share I shaved my position by 60 shares because I was far too deep in AMC than I wanted to be. In retrospect, with AMCs rise, I should have held on to those shares.I have a small account and at one point AMC was 20 percent of my portfolio. That's not very diverse
(03-19-2021, 05:06 PM)JaG4LyFe Wrote: [ -> ] (03-19-2021, 08:19 AM)The Real Marty Wrote: [ -> ]What is a 7-layer dip? You've used that expression several times, and I'm curious what that is.
You keep doubling down your position because you thought your initial entry was the dip. For example, my first entry into AMC was 20 @ 8.97. It went to 8.50ish, I doubled down 20 shares, now my average cost is 8.75ish. It went to 8ish, double down, now my avg cost is 80 shares at 8.37ish. It went to sub 8, cant remember exactly so I dd again, my end share price is 8.14. Now somewhere around 10 a share I shaved my position by 60 shares because I was far too deep in AMC than I wanted to be. In retrospect, with AMCs rise, I should have held on to those shares.I have a small account and at one point AMC was 20 percent of my portfolio. That's not very diverse
So in other words it's your gambling strategy. Gaining pennies like that is not only risky but foolish.
Your first 20 shares made you around $1.03 per share before taxes and fees.
Your second 20 shares netted you around $1.50 per share before taxes and fees.
Your third 20 shares that you sold netted you more-or-less around $2.00 per share before taxes and fees.
Had you put the money that you
invested gambled into an index ETF and held it for a month you would have gained more.
(03-19-2021, 06:06 PM)jagibelieve Wrote: [ -> ] (03-19-2021, 05:06 PM)JaG4LyFe Wrote: [ -> ]You keep doubling down your position because you thought your initial entry was the dip. For example, my first entry into AMC was 20 @ 8.97. It went to 8.50ish, I doubled down 20 shares, now my average cost is 8.75ish. It went to 8ish, double down, now my avg cost is 80 shares at 8.37ish. It went to sub 8, cant remember exactly so I dd again, my end share price is 8.14. Now somewhere around 10 a share I shaved my position by 60 shares because I was far too deep in AMC than I wanted to be. In retrospect, with AMCs rise, I should have held on to those shares.I have a small account and at one point AMC was 20 percent of my portfolio. That's not very diverse
So in other words it's your gambling strategy. Gaining pennies like that is not only risky but foolish.
Your first 20 shares made you around $1.03 per share before taxes and fees.
Your second 20 shares netted you around $1.50 per share before taxes and fees.
Your third 20 shares that you sold netted you more-or-less around $2.00 per share before taxes and fees.
Had you put the money that you invested gambled into an index ETF and held it for a month you would have gained more.
I've also collected 75.00 dollars in premiums with covered call two weeks in a row. I'm going for 200.00 next week. That is also missing from the equation.
Also, it'd be considered foolish if it was low volume. This stock has the speaker box volume up. I think by the beginning of may, I'll have my initial investment covered with premiums alone. Time will tell though
(03-19-2021, 06:06 PM)jagibelieve Wrote: [ -> ] (03-19-2021, 05:06 PM)JaG4LyFe Wrote: [ -> ]You keep doubling down your position because you thought your initial entry was the dip. For example, my first entry into AMC was 20 @ 8.97. It went to 8.50ish, I doubled down 20 shares, now my average cost is 8.75ish. It went to 8ish, double down, now my avg cost is 80 shares at 8.37ish. It went to sub 8, cant remember exactly so I dd again, my end share price is 8.14. Now somewhere around 10 a share I shaved my position by 60 shares because I was far too deep in AMC than I wanted to be. In retrospect, with AMCs rise, I should have held on to those shares.I have a small account and at one point AMC was 20 percent of my portfolio. That's not very diverse
So in other words it's your gambling strategy. Gaining pennies like that is not only risky but foolish.
Your first 20 shares made you around $1.03 per share before taxes and fees.
Your second 20 shares netted you around $1.50 per share before taxes and fees.
Your third 20 shares that you sold netted you more-or-less around $2.00 per share before taxes and fees.
Had you put the money that you invested gambled into an index ETF and held it for a month you would have gained more.
Lol...how would I have gained more
(03-19-2021, 05:06 PM)JaG4LyFe Wrote: [ -> ] (03-19-2021, 08:19 AM)The Real Marty Wrote: [ -> ]What is a 7-layer dip? You've used that expression several times, and I'm curious what that is.
You keep doubling down your position because you thought your initial entry was the dip. For example, my first entry into AMC was 20 @ 8.97. It went to 8.50ish, I doubled down 20 shares, now my average cost is 8.75ish. It went to 8ish, double down, now my avg cost is 80 shares at 8.37ish. It went to sub 8, cant remember exactly so I dd again, my end share price is 8.14. Now somewhere around 10 a share I shaved my position by 60 shares because I was far too deep in AMC than I wanted to be. In retrospect, with AMCs rise, I should have held on to those shares.I have a small account and at one point AMC was 20 percent of my portfolio. That's not very diverse
Seems like a weird name for dollar cost averaging.
(03-19-2021, 05:06 PM)JaG4LyFe Wrote: [ -> ] (03-19-2021, 08:19 AM)The Real Marty Wrote: [ -> ]What is a 7-layer dip? You've used that expression several times, and I'm curious what that is.
You keep doubling down your position because you thought your initial entry was the dip. For example, my first entry into AMC was 20 @ 8.97. It went to 8.50ish, I doubled down 20 shares, now my average cost is 8.75ish. It went to 8ish, double down, now my avg cost is 80 shares at 8.37ish. It went to sub 8, cant remember exactly so I dd again, my end share price is 8.14. Now somewhere around 10 a share I shaved my position by 60 shares because I was far too deep in AMC than I wanted to be. In retrospect, with AMCs rise, I should have held on to those shares.I have a small account and at one point AMC was 20 percent of my portfolio. That's not very diverse
The deal with the Reddit stocks is that they randomly pop by 25% to over 100% on any given day so holding or buying up until then is a good move in the current market. I currently have a cashed in ROI of 63% on AMC, GME, KOSS, and EXPR. Lately, I've been conservative and have been selling when it pops to ~ 25% to 30% if it's looking like that's the peak on any given day.
(03-21-2021, 11:32 AM)HURRICANE!!! Wrote: [ -> ] (03-19-2021, 05:06 PM)JaG4LyFe Wrote: [ -> ]You keep doubling down your position because you thought your initial entry was the dip. For example, my first entry into AMC was 20 @ 8.97. It went to 8.50ish, I doubled down 20 shares, now my average cost is 8.75ish. It went to 8ish, double down, now my avg cost is 80 shares at 8.37ish. It went to sub 8, cant remember exactly so I dd again, my end share price is 8.14. Now somewhere around 10 a share I shaved my position by 60 shares because I was far too deep in AMC than I wanted to be. In retrospect, with AMCs rise, I should have held on to those shares.I have a small account and at one point AMC was 20 percent of my portfolio. That's not very diverse
The deal with the Reddit stocks is that they randomly pop by 25% to over 100% on any given day so holding or buying up until then is a good move in the current market. I currently have a cashed in ROI of 63% on AMC, GME, KOSS, and EXPR. Lately, I've been conservative and have been selling when it pops to ~ 25% to 30% if it's looking like that's the peak on any given day.
JIB said I could have moved my money into an ETF that pays 80 percent+ in 10 trade days. Patiently waiting for the name of said ETF on steroids...
(03-21-2021, 01:41 PM)JaG4LyFe Wrote: [ -> ] (03-21-2021, 11:32 AM)HURRICANE!!! Wrote: [ -> ]The deal with the Reddit stocks is that they randomly pop by 25% to over 100% on any given day so holding or buying up until then is a good move in the current market. I currently have a cashed in ROI of 63% on AMC, GME, KOSS, and EXPR. Lately, I've been conservative and have been selling when it pops to ~ 25% to 30% if it's looking like that's the peak on any given day.
JIB said I could have moved my money into an ETF that pays 80 percent+ in 10 trade days. Patiently waiting for the name of said ETF on steroids...
I never said any such thing.
I also don't see how you come up with "80% gains" with the transactions that you described. As SF pointed out, you are doing nothing more than "dollar cost averaging".
I'll try to outline it in simple terms using simple math. If I'm reading what you wrote correctly your transactions were as follows.
Initial position of 20 shares @ 8.97 = $179.40
20 more shares at "8.50ish" is 8 x 8.50 = $170.00
40 more shares at "8 ish" is 40 x 8.00 = $320.00
You "did it again" when it went "sub 8" so I assume 160 shares at "sub 8" (we'll assume 7.90) 160 x $7.90 = $1264.00
So your total "investment" is $179.40 + $170.00 + $320.00 + $1264.00 = $1933.40
Then you sold 60 shares "somewhere around 10 a share". 60 x $10.00 = $600.00
How exactly have you made an "80% gain"? Especially since this is before taxes and fees?
(03-21-2021, 03:47 PM)jagibelieve Wrote: [ -> ] (03-21-2021, 01:41 PM)JaG4LyFe Wrote: [ -> ]JIB said I could have moved my money into an ETF that pays 80 percent+ in 10 trade days. Patiently waiting for the name of said ETF on steroids...
I never said any such thing.
I also don't see how you come up with "80% gains" with the transactions that you described. As SF pointed out, you are doing nothing more than "dollar cost averaging".
I'll try to outline it in simple terms using simple math. If I'm reading what you wrote correctly your transactions were as follows.
Initial position of 20 shares @ 8.97 = $179.40
20 more shares at "8.50ish" is 8 x 8.50 = $170.00
40 more shares at "8 ish" is 40 x 8.00 = $320.00
You "did it again" when it went "sub 8" so I assume 160 shares at "sub 8" (we'll assume 7.90) 160 x $7.90 = $1264.00
So your total "investment" is $179.40 + $170.00 + $320.00 + $1264.00 = $1933.40
Then you sold 60 shares "somewhere around 10 a share". 60 x $10.00 = $600.00
How exactly have you made an "80% gain"? Especially since this is before taxes and fees?
My 100 shares are sitting at 13.56 with two 75.00 premiums collected from an initial 8.14 average. Plus the 1.86 x 60 shares. If I dump my 100 shares at market Monday I would be well above 80 percent on my trade. Where's that rocket ship ETF, I'd like a gander?
(03-20-2021, 02:22 AM)Senor Fantastico Wrote: [ -> ] (03-19-2021, 05:06 PM)JaG4LyFe Wrote: [ -> ]You keep doubling down your position because you thought your initial entry was the dip. For example, my first entry into AMC was 20 @ 8.97. It went to 8.50ish, I doubled down 20 shares, now my average cost is 8.75ish. It went to 8ish, double down, now my avg cost is 80 shares at 8.37ish. It went to sub 8, cant remember exactly so I dd again, my end share price is 8.14. Now somewhere around 10 a share I shaved my position by 60 shares because I was far too deep in AMC than I wanted to be. In retrospect, with AMCs rise, I should have held on to those shares.I have a small account and at one point AMC was 20 percent of my portfolio. That's not very diverse
Seems like a weird name for dollar cost averaging.
Tomato/Tomatoe
(03-21-2021, 04:07 PM)JaG4LyFe Wrote: [ -> ] (03-21-2021, 03:47 PM)jagibelieve Wrote: [ -> ]I never said any such thing.
I also don't see how you come up with "80% gains" with the transactions that you described. As SF pointed out, you are doing nothing more than "dollar cost averaging".
I'll try to outline it in simple terms using simple math. If I'm reading what you wrote correctly your transactions were as follows.
Initial position of 20 shares @ 8.97 = $179.40
20 more shares at "8.50ish" is 8 x 8.50 = $170.00
40 more shares at "8 ish" is 40 x 8.00 = $320.00
You "did it again" when it went "sub 8" so I assume 160 shares at "sub 8" (we'll assume 7.90) 160 x $7.90 = $1264.00
So your total "investment" is $179.40 + $170.00 + $320.00 + $1264.00 = $1933.40
Then you sold 60 shares "somewhere around 10 a share". 60 x $10.00 = $600.00
How exactly have you made an "80% gain"? Especially since this is before taxes and fees?
My 100 shares are sitting at 13.56 with two 75.00 premiums collected from an initial 8.14 average. Plus the 1.86 x 60 shares. If I dump my 100 shares at market Monday I would be well above 80 percent on my trade. Where's that rocket ship ETF, I'd like a gander?
(03-20-2021, 02:22 AM)Senor Fantastico Wrote: [ -> ]Seems like a weird name for dollar cost averaging.
Tomato/Tomatoe
So in other words, you have not made a gain. You don't make money on a stock until you sell it. Either way your math doesn't add up. No big deal, just continue to gamble away on penny stocks.
Also, I never claimed that an ETF would make "80% gains in 10 days". If there is one out there I surely don't know about it. I said that if you had bought one and
held it for a month you would make more money.
(03-21-2021, 03:47 PM)jagibelieve Wrote: [ -> ] (03-21-2021, 01:41 PM)JaG4LyFe Wrote: [ -> ]JIB said I could have moved my money into an ETF that pays 80 percent+ in 10 trade days. Patiently waiting for the name of said ETF on steroids...
I never said any such thing.
I also don't see how you come up with "80% gains" with the transactions that you described. As SF pointed out, you are doing nothing more than "dollar cost averaging".
I'll try to outline it in simple terms using simple math. If I'm reading what you wrote correctly your transactions were as follows.
Initial position of 20 shares @ 8.97 = $179.40
20 more shares at "8.50ish" is 8 x 8.50 = $170.00
40 more shares at "8 ish" is 40 x 8.00 = $320.00
You "did it again" when it went "sub 8" so I assume 160 shares at "sub 8" (we'll assume 7.90) 160 x $7.90 = $1264.00
So your total "investment" is $179.40 + $170.00 + $320.00 + $1264.00 = $1933.40
Then you sold 60 shares "somewhere around 10 a share". 60 x $10.00 = $600.00
How exactly have you made an "80% gain"? Especially since this is before taxes and fees?
I see where our discrepancy is. When I shaved the 60 shares is where I think my investment started. You are seeing it from an overall perspective
(03-21-2021, 04:26 PM)JaG4LyFe Wrote: [ -> ] (03-21-2021, 03:47 PM)jagibelieve Wrote: [ -> ]I never said any such thing.
I also don't see how you come up with "80% gains" with the transactions that you described. As SF pointed out, you are doing nothing more than "dollar cost averaging".
I'll try to outline it in simple terms using simple math. If I'm reading what you wrote correctly your transactions were as follows.
Initial position of 20 shares @ 8.97 = $179.40
20 more shares at "8.50ish" is 8 x 8.50 = $170.00
40 more shares at "8 ish" is 40 x 8.00 = $320.00
You "did it again" when it went "sub 8" so I assume 160 shares at "sub 8" (we'll assume 7.90) 160 x $7.90 = $1264.00
So your total "investment" is $179.40 + $170.00 + $320.00 + $1264.00 = $1933.40
Then you sold 60 shares "somewhere around 10 a share". 60 x $10.00 = $600.00
How exactly have you made an "80% gain"? Especially since this is before taxes and fees?
I see where our discrepancy is. When I shaved the 60 shares is where I think my investment started. You are seeing it from an overall perspective
I always see investing from an "overall perspective". When I first got started I got in with a very modest amount and made the same mistakes that I see a lot of people make. I did the same thing and chased penny stocks looking to "make the big profit" and "get rich" quick. It wasn't until I really learned, studied and became disciplined before I started seeing big gains. TRM has the right strategy for someone much younger than me. Just buy and hold, don't watch the every day ups and downs of the market.
I for the most part follow the same strategy, though a portion of what I have invested I also get "aggressive" with. Over this past year I did really well with tech stocks/ETF's and have rolled into other opportunities. My wife is older than I am and since we are looking retirement in the face, I tend to keep her investments more modest. A 4% or 5% gain in the stock/ETF price might not seem like much, but the dividends paid out are much higher than if we kept the money in a traditional savings/money market account.
I guess what I am saying is that the stock market is not a way to replace your regular income. It's a way to make more off of what you save.
For someone in their 20's or 30's, invest what you can and just leave it alone. If you have a 401k that you contribute to every payday just keep investing, pick a good mutual fund and just leave it alone. Once you get into your 40's and 50's perhaps be a bit more cautious with what you do.
Rome wasn't built in a day, and your retirement nest egg isn't any different.
(03-21-2021, 05:05 PM)jagibelieve Wrote: [ -> ] I did the same thing and chased penny stocks looking to "make the big profit" and "get rich" quick. It wasn't until I really learned, studied and became disciplined before I started seeing big gains.
This isn't about chasing penny stocks. We just went through a once in a lifetime pandemic market crash. There was a real opportunity to make a ton of cash on the V shaped market. Today marks the 1 year anniversary when market hit the pandemic low. NASDAQ is up 98% since that time and the DOW is up 77%. Likewise, this is a period of time in which we are transitioning to the legalization of weed and gambling, solar power, payment apps and electric vehicles. Buying into these stocks and watching ones stock double in 1 year is very wise. I know you like your 3% annual growths but you missed out on an obvious market correction.
(03-21-2021, 05:05 PM)jagibelieve Wrote: [ -> ] I did the same thing and chased penny stocks looking to "make the big profit" and "get rich" quick. It wasn't until I really learned, studied and became disciplined before I started seeing big gains.
This isn't about chasing penny stocks. We just went through a once in a lifetime pandemic market crash. There was a real opportunity to make a ton of cash on the V shaped market. Today marks the 1 year anniversary when market hit the pandemic low. NASDAQ is up 98% since that time and the DOW is up 77%. Likewise, this is a period of time in which we are transitioning to the legalization of weed and gambling, solar power, payment apps and electric vehicles. Buying into these stocks and watching ones stock double in 1 year is very wise. I know you like your conservative 3% annual growth stocks and ETFs but you missed out on an obvious market correction.
For the record, CCL is up 240%, RCL is up 272%, and NCLH is up 251% since the market low. Oh, that's right, you don't like cruise stocks. As noted above, this was the perfect once in a lifetime opportunity
(03-22-2021, 10:11 AM)HURRICANE!!! Wrote: [ -> ] (03-21-2021, 05:05 PM)jagibelieve Wrote: [ -> ] I did the same thing and chased penny stocks looking to "make the big profit" and "get rich" quick. It wasn't until I really learned, studied and became disciplined before I started seeing big gains.
This isn't about chasing penny stocks. We just went through a once in a lifetime pandemic market crash. There was a real opportunity to make a ton of cash on the V shaped market. Today marks the 1 year anniversary when market hit the pandemic low. NASDAQ is up 98% since that time and the DOW is up 77%. Likewise, this is a period of time in which we are transitioning to the legalization of weed and gambling, solar power, payment apps and electric vehicles. Buying into these stocks and watching ones stock double in 1 year is very wise. I know you like your conservative 3% annual growth stocks and ETFs but you missed out on an obvious market correction.
I appreciate your enthusiasm. However, may I point out, since 1895, there have been 1,900 car companies. Which one would you have picked?
"...weed and gambling, solar power, payment apps and electric vehicles..." how do you know which ones will survive or thrive?
(03-22-2021, 10:25 AM)The Real Marty Wrote: [ -> ] (03-22-2021, 10:11 AM)HURRICANE!!! Wrote: [ -> ]This isn't about chasing penny stocks. We just went through a once in a lifetime pandemic market crash. There was a real opportunity to make a ton of cash on the V shaped market. Today marks the 1 year anniversary when market hit the pandemic low. NASDAQ is up 98% since that time and the DOW is up 77%. Likewise, this is a period of time in which we are transitioning to the legalization of weed and gambling, solar power, payment apps and electric vehicles. Buying into these stocks and watching ones stock double in 1 year is very wise. I know you like your conservative 3% annual growth stocks and ETFs but you missed out on an obvious market correction.
I appreciate your enthusiasm. However, may I point out, since 1895, there have been 1,900 car companies. Which one would you have picked?
"...weed and gambling, solar power, payment apps and electric vehicles..." how do you know which ones will survive or thrive?
Good news, there are ETFs for all of these sectors that diversify you across a bunch of them!
Happy Anniversary --- 1 year since the Market hit Rock Bottom as it relates to the March 2020 Market Crash (March 23, 2020).
It's been a great market recovery, benefitting most investors, but that was quite the interesting time speculating on where the bottom really was.
I think you guys are bound to make money buying the dips in a bull market. When a bear market comes, buying the dips will fail in a very painful way.
And don't tell me you can tell when we're in a bear market. If you could do that, Goldman Sachs would pay you millions of dollars to do it for them.
(03-25-2021, 09:48 AM)The Real Marty Wrote: [ -> ]I think you guys are bound to make money buying the dips in a bull market. When a bear market comes, buying the dips will fail in a very painful way.
And don't tell me you can tell when we're in a bear market. If you could do that, Goldman Sachs would pay you millions of dollars to do it for them.
I think it's been repeatedly stated that this behavior is a response to a highly unusual moment of time in the Market. I doubt anyone here is using this as their primary investment strategy or intends for it to become such.