Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

If you are looking to pick up something having a rough day check out Walgreens

 

ouch!!!!!!!!!!!!!!!!!!!!!!!!! F is down too.........

 

Well my watch list is nearly 100% green so I hope everyone had a decent day - nice to not have a red Thursday once in a while.

I only played Amazon calls - bought EOD Monday sold EOD Tuesday, bought EOD Wednesday and sold EOD today. Love AMZN dips - never a stressful trade with them although I did get lucky on my timing - quick realized $12k.

Cut my bags with HMNY. Bought in at 7 and averaged down against my rules and judgement 3 times at 3, 2.5, and .5. Some straight BS with that company - offering out 2 billion shares with a planned reverse split of up to 1-250... love the potential with them, but for now they are on my do not trade list. Scum management. Realized loss of 9k.

Stock market has an early close Tuesday the 3rd and closed on the 4th. Traders and MM’s take vacations too - so don’t be surprised to see pretty flat/slightly red action tomorrow and next week. Next week is a good week to look for momentum movers. When the overall market doesn’t have a lot of volume if a stock starts getting some positive volume traders can come piling in. Can lead to great day trades. Keep your eyes open.

 

Poor SMRT... getting pummeled today

 

I'll let you go first lol

 

CLNE getting taken to the cleaners today (don't own)

ZUO and IQ still treading water and slowly drowning.

Hows everyone else doing?

 

Siri up over 2% today.............

 

It looks like all the panicked folks who sold over the “trade war” bought their shares back today

 

The tariffs are supposed to kick in tomorrow. Today was likely a bull trap, combined with low volume. We will see tomorrow if the tariffs are implemented.

 

I think a jobs report also tomorrow..

 

Yield curve spread between 2yr/10yr is now below 30BP... 29BP to be exact.

No signs of stopping. We will invert before the end of the year. Then hold onto your hats!






The Fed, meanwhile, has decided to ignore and subvert it altogether. I am not entirely sure what to think of it.
https://wolfstreet.com/2018/07/05/a...t-the-fed-discards-it-as-recession-indicator/

 

I think there are some gains to be made between now and the recession or correction that’s coming. I wouldn’t try to time it, just hold on and don’t sell when it happens!

Also, everything I read basically says, “don’t expect great returns for the next several years.” Every time period has that same prediction, and it is usually wrong. I read that book by John Bogle (2007 edition) and he didn’t mention a crash coming, but he said not to expect double-digit returns going forward. Well, there was a crash right after that book, followed by double-digit returns for about a decade. I also read “A Random Walk Down Wall Street” recently, with the same predictions for that timeframe (2010 edition I think). I’m starting to see that even the experts are about as good at predicting the market as the local weatherman is with rain. I get a kick out of reading predictions, especially older ones, like right before a crash or a bull market.

 

I read an article a while back that said between the yield curves inverting and a recession there was an average of something like 30-40% growth in the market and it was usually a couple years before the recession actually hit. So yeah, the yield curve inverting is not some sign to immediately pull all your stocks out of the market.

 

You know what they say though, a 50% loss needs a 100% gain to get back to where you started. I guess if we get good gains first (while the principal is still high) it will offset the big loss that will come later.

 

It usually takes an average of 9 months

 

how's everyone doing? Any good finds? I'm thinking of diversifying my non 401k stocks again and picking up some trucking company stock.

 

I am still recovery from the last few weeks. It looked good until today, back down a bit..

 

I ended up taking the loss on IQ and ZUO and I have began trading options on SQ and DATA. I already sold my SQ option after less than 24 hours with a 38% profit. I guess I will just stick to options trading while we are still in this choppy market. I still have to make back my 12% loss on my account.

 

I think taking a loss is fine, as opposed to holding on to save your pride but risking further loss. Also good for taxes.

 

Yep, just have to resist buying any of those back within a month, otherwise known as a "wash sale".. which you can't write off on your taxes