when that doji candlestick, "+", appeared on 14 Dec---confirming a double top/signaling a change in direction--- AMD started to decline; since then, it has dropped 7+, trading just below the 20 dma / consolidating need to see it trade above 20dma, ~93 , before entering for the Jan ERS run
For me my biggest losers are WATT down 40%, biotech industry in general the worst being BLUE by far, T (only down 2% with dividends accounted for) winners are LMND 170%, NIO 475%, TSLA 390%, PLAY 210%, FSLY 115% CAKE 85%, SYY 48%, TPR 170%, MMEDF 950% SPG 48%, STOR 65%, OZK 58%, JPM 55% C 35% BEP 42%, SBUX 49% Those listed I am still all holding I have and should mostly continue holding indefinitely. But from March until May/June I was still doing what I had done intermittently in the past which was day trade or short term trade along with options. I was always generally successful using profits to buy a car with mostly cash 8 years ago. But I knew (hoped) this was a good time to buy in and I was easily more successful than I had ever been because of COVID-19. Less stress as well day to day. Too bad I was not working with millions haha. I plan on hopefully having my CFA in the coming years and actually really learning wtf I’m doing. PS All of the “dividend ETF’s” I have are up around 25-45% QYLD, MJ, DIV, KBWD, SRET. And I plan on keeping these bad boys for a long time and adding to them when I can. But the income I get from them now is perfect because I’m in school again and in a low income bracket with tax credits returning the tax anyways. So the dividends will just be reinvested lowering the dollar cost average as I go along on other holdings that have dipped.
This year has been about as dotcom bubble a year as I've seen. Pretty much anything you bought after March went up -- or at least 90% of it. And most of it went up huge. I remember people posting concrete stocks that I look back at that have more than quadrupled off their lows. I'm not sure what we're building yet, but hey... that's pretty incredible. This brings up one of my most disappointing sells this year : DIS. I had held onto that stock for years, but when they started shutting down movie theaters and parks, I gave up on it. That was around $120, I think. There are others that I missed out on that I regret, too, but that one was a bit sentimental. lol. Even ones that I have longed to buy for years and never did like either of V or MA piss me off because they've always been good long-term holds. The only other one I'm as pissed at missing was QS, and that's because I just forgot about it. I'm happy it's been getting obliterated latey because I'm mean. The crazy thing about this year is it seemed like the crappier and less money the company/investment was making, the more it went up! November and December have been 2 of the best months of trading I think I've had. I was texting somebody who doubled his salary with no margin and no options just in the month of November. He's a software developer probably earning $130k/year. He made over over $200k just in November in stocks and crypto. We were laughing because he said "I don't even know half the crap I'm buying - I'm just buying what other people are driving up". Since @adoo asked, my best investments this year off the top of my head was probably PLUG (got in around $8) or ETH (I'm probably in since $100's from a couple of years ago, though I did sell some of it earlier, so this may not count since I didn't buy it this year, but that's around a 4-6x gain). There are a bunch of other stocks (mostly SPACs) I only held onto for a few weeks or multiple times like DM, LAZR, FMCI, HCAC, MP, VTIQ/NKLA, SPCE, etc. where I'm up 20%-100+%. Though I sold off stocks like MDLZ, BA (and bought it back), DIS, etc., the backbone of my portfolio(s) are "good" stocks like SBUX, AAPL, NKE, O, etc. BABA used to be in that list, but I'm wary of that one though I haven't sold off any yet. I've made more money in SBUX, AAPL, NKE, since I bought them than anything else I'm holding, I think, although PLUG is gaining. lol. I laugh at stocks like PLUG and FCEL that used to be several-hundred-dollar stocks reviving like zombies 20 years later because "no, really...this time they're taking over the planet!" Who knows... maybe they will this time. Or just like 20 years ago, it really isn't "a new economy". A lot of people are hoping/expecting for a January correction. I'm with them. I need to look for some value but not before a sell-off. From what I've been seeing on tv and reading, there are a lot people expecting a bit of recovery in the energy/financial sectors, so I'm starting to poke around there. I'm letting my SPACs sell off with whatever gains using stops, though I'll keep my eyes peeled for new ones. I'm not as aggressive with them as I was earlier this year, though, where pretty much everything was going up. I want to see what the new year brings before I really jump in again, so I'm going up in cash a bit here.
I had job security so I started gambling much more aggressively this year because I know this was a special moment in the market and I needed to capitalize. The good news is the dotcom bubble lasted for like 5 years so hopefully we have a long run, lol. Also it appears like a lot of new investors were "activated" this year so who knows. It feels like a pyramid scheme sometime. What was he buying though? And when are you planning to exit PLUG if not already?
lol. Just try to keep some of your gains because if the market drops, it may drop quickly and you'll be faced with "should I sell or hold?" and there are several people that held onto their "gains" back during the dotcom bubble that were wrecked. If you're still young, I wouldn't sweat it too much. It's like I said after being beat up towards the end of the dotcom bubble, if somebody's going to give away free money like they are now, take advantage of it, but don't get too greedy and, above all, have some kind of exit plan. Especially if you're holding questionable ticker symbols. I'm older now and just retired this year, so I don't take quite as much risk as I used to. I'm taking most of my winnings and looking for good long-term holds, but only after they've stopped out. Who knows how long this can go? Everyone I've been reading or listening to has been saying expect a correction anywhere from January to March, but the expect the bull run to continue the rest of the year if the vaccines work and we have the "re-opening" they're expecting. For younger people, you have time to recover. I've been through the dotcom crash and the financial collapse, but still had time to recover, so I ended up ok. Those crashes are the best times to make money because everything gets sold off -- crap companies as well as solid ones -- but to take advantage of the sell-off, you have to have some money on the side. I don't think I'll be taking the same risk now with my money nowadays that I did then. Hell, if I could get a CD that paid 7% again, I'm ecstatic.
He was buying a lot of the same crap we talk about in here because he's reading reddit or watching CNBC or talking to me. lol. He was in PLUG since either $3 or $6, I know that. He was the one who mentioned it to me back in February, and I said "I remember that ticker symbol from years ago", but had to look it up as to why I remembered it. He got into VTIQ/NKLA when I did, but dumped way more money into it and held onto it longer. I think he dumped it on the way back down at around $50-something, while I got out of it early in the $20's. He also plowed money into BTC back in February or March. As for PLUG, I have a stop order set around $25 or $26 for PLUG. I may convert that to a 20-25% trailing stop. LOL. If it triggers around $25, I'm cool with 3x on it. The stock has a cult following, which helps. I'm not worried about getting out at the absolute top on stuff I've made a killing on -- I'm more worried about getting stopped out too early on volatile stocks. I don't want any tight stops because these things could drop 15% in one day because of issuance of new shares or Citron coming in and saying "omgthisisthemostovervaluedstockeversowe'regonnashortitandyoushouldtoo!". Then it could just go back up. That's what happened with GRWG when I bought it. It tanked after Hindenburg warned about their management, but I bought more, and it's taken off since then. That's another one I'll probably need to be worried about with a cult following.
With any luck, maybe PLUG will hit $1000 again one day and it won't matter.... with my luck, it'll hit $25 first... lol.
Well those % I posted earlier were from buying all around end of March till mid June. I haven’t added since besides dividends. I stopped at that point and have been waiting & sitting on cash. The point I’m making though is I haven’t been buying on the way up. I finally did buy some the other day when BABA dipped big. You make some great points though.
2021 will be the year of the Ox, who will help to stomp out Covid19 and usher in more prosperity i sold a synthetic short (5-pts) on DIS in mid-Dec after the 11-pt gap up, on the news of increases in Disney-plus subscriptions Disney-plus has been included in many "free bundle" packages; but DIS is including them as "subscription", even tho no impact on revenue. DIS has been in over bought territory for ~ 2 wks; but overall volume has been merely avg. sprinkled w several days of doji candles, might be a case of Y/E window dressing from some fund managers---who may have hyped the subscription increase---just to show that they own DIS after the 11-pt gap up, DIS has popped another 10 pts on declining volume, a classic eg of pump-and-dump in the making, no? a Fibonacci retracement of 38.2% could take it back down to 158 this coming January effect will be sprinkled w these catalysts Tue, 5 Jan the Georgia run off, Wed, 6 Jan political shenanigans by some Repugnant lawmakers to not recognize the certified votes sometime between Feb. 1, 2021 and Feb. 28, 2021 Biden's forthcoming state-to-the-union address,
This guy was one of the reasons I initially bought BABA stock... Chinese billionaire Jack Ma suspected missing In related news ... just please don't do anything to NKE, AAPL, BABA, or SBUX... lol : Beijing says it will take ‘necessary measures’ in response to NYSE delisting of 3 Chinese companies Also reported yesterday for Tesla hodlers, I'm sure this will cause the stock to double... : Tesla reports 499,550 vehicle deliveries for 2020, slightly missing target
just traded above 20 dma. got the technical confirmation that i have been looking for, i m in for a purchase of an 8.5-pt bullish call spread, partially financed by a sales of a 5-pt bullish put spread my price target is 101 before the ERS
Penny stock, highly risky yadda yadda yadda; bought in at $0.91, cap at $45mil. Edit: Got stopped out of most of the position at $1.25 damn trading halts, but recovered my cost basis. Gonna keep the rest and let it run a few days.
