Yea profit taking is the problem with most traders . I rarely hold anything over 100%. Gotta know when to cut losses too especially on weeklies. Theta will burn you every time.
Swing wise atm i am only buying any contracts further out than January since December historically isn’t a good month. If your day trading it doesn’t matter
Absolutely agree - this is the hardest thing I think sometimes for newer traders (and again I'm definitely not some pro) - but seeing these guys not close/move positions to secure profits and they've run like some ridiculous amount.... And then lose it all... Like If I had a choice I'd rather take consistent small wins daily even if I close early (or cut losses if no hope) vs the other end where only a miracle home run play is going to save me.
Yeah this is the hardest part for sure. I had FOMO setting in on selling 40% of my TRNE yesterday with the IPO coming today. However, the drop today helps me feel better lol. But would rather it skyrocket lol
I'm not a lawyer, just someone who has worked closely with FB the past 10 years in the FB ads space (but I'm aware of all things FB because it affects my job). How can you prove that they intentionally overpaid for the IG acquisition to block out competition? It is going to be very hard without a smoking gun with Zuck admitting on record that was how and why they came up with the acquisition price. Saying that "they paid $1B for a company with no revenue" is proof of antitrust, is a terrible argument and clear they don't understand the tech industry or valuations. They didn't have revenue yet but they had a TON of engaged users, which is a ton of value in itself. The clearest proof that FB doesn't have a monopoly on social media is that TikTok is kicking their butt in short-form video. Then you have Twitch dominating live-streaming, LinkedIn dominating professional, etc. so clearly FB doesn't have an impenetrable moat in the social media space. If I was going to come at FB, I would have brought up how they bought and used the Onavo app to spy on outliers in app usage on user's devices to buy out or copy up and coming competitors (they stopped this practice in 2019 and maybe already got the wrist slap) because that is an unfair business practice.
Passed on HYFM. So sad it got overhyped but that valuation is too rich for me so I bought more SMG instead.
historically, Dec has been great, thus the term "Santa Claus rally" u do know that vaccines have been developed ~ 2 wks ago; in the UK vaccines were given 2 days ago. in the US, distribution of the vaccines has been front and center, no? as a result, going in Dec 2020, re-opening stocks, in particular Boeing, cruise lines, airlines and hotels, has recovered some, as for the second stimulus, after mos of stalemates, Dem and Rep gotten together and iron out a bi-partisan compromise, only to the rejected by turtle face. even if this latest attempt fails, the prospect of a stimulus in a Biden presidency augurs well
by gathering evidence. isn't that the smoking gun ? , the AG have made their claim, but haven't show their evidence yet. u need to wait for their date in court. ur all mixed-up. u need to separate anti-trust from valuation u just said that ur not a lawyer; so ur claim about "the clearest proof" is meaningless
I bought the mega Twitter dip a few months back and it just SKYROCKETED violently. What happened? Also who told me to hold BEAM? Owe them a post-covid beer.
https://www.investopedia.com/terms/j/januaryeffect.asp Some stocks not saying all sell off and are bought back at the dip. Idk I could be wrong market could be fine nobody knows, but nothing is set in stone. Stimulus talks have been going on since the summer and like you said might not be seriously considered until Biden takes office so wouldn’t see it till February at the latest. It could also be done by Tuesday from the latest tweet i saw, Pfizer vaccine for all you know could get delayed by the fda tomorrow. Supposedly it’s getting scrutinized for adverse affects in those uk rollouts. Personally I think it’s a done deal it gets approved but I’m just saying.
I’m definitely not a pro either lol, but everyone has there good days. Best way is to learn from your mistakes and to not repeat them, could take losing a lot of money or blowing up a few accounts. Second thing is not trading emotionally, I’ve lost a lot of money chasing out of frustration. Definely slow and steady gains is the way to go, picking safe stocks with good chart setups and if your doing options or more complex strategies will net you 20-30% gains most of the time and you could hit a home run every now and then
I'm not turning this into D&D. I'm just giving my POV as someone who works in the industry and a POV that is shared by many of my peers, in case people are wondering how it might impact FB stock or their peers. We can agree to disagree on the merits of this case.
Learned that lesson quick, but buying dips and not selling when you do see red took me a little longer to learn. Nerves of steel are important too. Easy when it's the IRA and/or 401k or long hold. But when it's the gambling account - it gets scary! Lol. Throw more money into the reds on a red day. Fight fire with fire.
Lmao as you say that I’m looking at ups tempted to buy more. Funny how fdx is out here stealing packages and they can hit ath
