Stock market tips and experiences

antzcrashing · 06-07-2021, 10:17 PM

Quote:

Originally Posted by upstatedoc

Should I withdraw all the money out of my 401(k) before the stock market crashes?

You should do the exact opposite of that.

NorCalAthlete · 06-08-2021, 12:04 AM

After the MOASS, those of us who held should host a BBQ for those who doubted. It's the gracious thing to do.

roastbeef · 06-08-2021, 01:05 AM

Quote:

Originally Posted by upstatedoc

Should I withdraw all the money out of my 401(k) before the stock market crashes?

absolutely not.

jmg · 06-08-2021, 03:26 AM

Quote:

Originally Posted by upstatedoc

Should I withdraw all the money out of my 401(k) before the stock market crashes?

That's pre-tax money. You're gonna get butt-fucked.

Humdizzle · 06-08-2021, 11:00 AM

CLOV stock is puuuumpin today

my dumbass bought yesterday evening but didn't specify extended hours. so i bought at 16.6 on market open instead of 12.7... missed out on 30% of the gain

live and learn i suppose

amc still hitting the wall at 60. hope to see it break through today.

jmg · 06-08-2021, 11:40 AM

Quote:

Originally Posted by Humdizzle

CLOV stock is puuuumpin today

my dumbass bought yesterday evening but didn't specify extended hours. so i bought at 16.6 on market open instead of 12.7... missed out on 30% of the gain

live and learn i suppose

I've done that. I feel you.

Got in at $11 yesterday on CLOV.

apar · 06-08-2021, 05:15 PM

Quote:

Originally Posted by upstatedoc

Should I withdraw all the money out of my 401(k) before the stock market crashes?

You may be better off buying some OTM $SPY puts if you believe the market will crash sometime soon in order to hedge the risk.

medphysdave · 06-08-2021, 08:07 PM

Quote:

Originally Posted by jmg

I've done that. I feel you.

Got in at $11 yesterday on CLOV.

Up 100% on clov. Missed the boat on wish. I got an early notification as it was just starting to run, but didn't like that the options were already expensive. Thought I was too late. Ha, that was a mistake. Had I jumped in then it would have been almost 300%. Still hoping BB does something tomorrow or Thursday. .

Dlpfcb · 06-08-2021, 08:43 PM

Can someone tell me what to do...I'm a noob. I have shares of RSVAU now they are saying I need to split them into warrants. I'm lost. Stock of course was up today pretty well.

antzcrashing · 06-08-2021, 09:26 PM

I think the AMC windfall is going to make its way to IMAX so in the stock and a few call options contracts.

antzcrashing · 06-08-2021, 09:27 PM

Quote:

Originally Posted by Dlpfcb

Can someone tell me what to do...I'm a noob. I have shares of RSVAU now they are saying I need to split them into warrants. I'm lost. Stock of course was up today pretty well.

What are your goals? What is your timeframe?

Dlpfcb · 06-08-2021, 09:37 PM

Quote:

Originally Posted by antzcrashing

What are your goals? What is your timeframe?

I'm in it for the long term. I bought in during the initial IPO so my plan is to hold for a while.

F30lolz · 06-08-2021, 10:06 PM

Being somewhat of a novice investor (began late 2020), I’ve invested in Hertz and they’re supposed to exit Chapter 11 late this month. I’ve made a good profit so far but need advice on what to do next.

1. Do the shares I have automatically transfer over to the new corporate structure?
2. Or do I have to sell my shares and invest in the new structure?

medphysdave · 06-08-2021, 10:19 PM

You CLOV options folks... How long to you plan to hold the options after you buy? Are you looking for a certain percentage profit, or do you play the chart? I'm finding that I paper hand more than I'd like, but some profit is better than a loss. I use a combo of RSI and weighted moving average to signal when to buy and sell.

XKxRome0ox · 06-08-2021, 11:14 PM

at one point today my total account value was over $50k
double my initial deposit of $25k from January
mostly thanks to GME

i'm not getting off this train anytime soon

i have GME across 4 other accounts but TW has the most shares
the gain so far is enough to buy a nice Rolex watch or 2 ...
next target is RS6 Avant money

the dream is to buy a house. in Los Angeles. yea, that's a big dream

antzcrashing · 06-08-2021, 11:28 PM

Quote:

Originally Posted by Dlpfcb

Quote:

Originally Posted by antzcrashing

What are your goals? What is your timeframe?

I'm in it for the long term. I bought in during the initial IPO so my plan is to hold for a while.

Good then stay long on the stock and buy put options against it as a hedge if you feel it is going to head back down. If you still have cash to play with look to the next IPO or something more stable like an ETF

Dlpfcb · 06-08-2021, 11:34 PM

Quote:

Originally Posted by antzcrashing

Good then stay long on the stock and buy put options against it as a hedge if you feel it is going to head back down. If you still have cash to play with look to the next IPO or something more stable like an ETF

Thank you I will stay put then. Stock spiked today on a merger with a battery company so may be fun to watch what it could do long term.

antzcrashing · 06-09-2021, 12:36 PM

Jim Cramer on CNBC just said GME's Ryan Cohen should go big with GME (crypto, banking) and then it can go to 400/share. Less than 2 months ago he said he cant justify 50+ for the stock.

The meme investing game is changing minds

XKxRome0ox · 06-09-2021, 01:13 PM

Quote:

Originally Posted by antzcrashing

Jim Cramer on CNBC just said GME's Ryan Cohen should go big with GME (crypto, banking) and then it can go to 400/share. Less than 2 months ago he said he cant justify 50+ for the stock.

The meme investing game is changing minds

he will say anything as long as it pays to say it
the trend is meme stocks and the rollercoaster that stocks like GME and AMC are on so he has to talk about it

and $400? he's setting a low ceiling

Humdizzle · 06-09-2021, 01:55 PM

Cramer is shill.

GME conference call went good. Didn't watch but apparently there was some confirmation of naked shorts against the stock. i'm anxious about earnings after close, fingers crossed.

XutvJet · 06-10-2021, 04:27 PM

I get the sense from this thread that most people responding are day traders/short-term traders. That's a risky investment lifestyle for most.

medphysdave · 06-10-2021, 04:39 PM

Quote:

Originally Posted by XutvJet

I get the sense from this thread that most people responding are day traders/short-term traders. That's a risky investment lifestyle for most.

Yes and no. I've got my long term retirement stuff and then I have my day trading hobby/fun money. I'm trying to become more educated on short term trading. It's stressful. The highs are high and the lows are low. Im usually only playing with a few thousand at a time. Put in a few hundred to make a hundred. I've lost some and made some. The toughest part has been stripping away emotion from trading. An example. Last month I was net zero on one of my biggest trading months. I made 3500 and lost 3500. Had I been smart and sold on the momentum and not waited for the "little bit more" it would have been a 6k month. You just lick your wounds, try to learn a little, and start again. Don't risk what you can't comfortably lose.

06-08-2021, 12:04 AM	#6536
NorCalAthlete Lieutenant Colonel 3302 Rep 1,686 Posts Drives: '23 M4CX - Tanzanite / Tartufo Join Date: Aug 2014 Location: Bay Area, CA iTrader: (0)	After the MOASS, those of us who held should host a BBQ for those who doubted. It's the gracious thing to do. __________________ Ego is the anesthesia that deadens the pain of stupidity. The single biggest problem in communication is the illusion that it has taken place. Wheel horsepower is just crank horsepower after taxes. IG: EmFore_650
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06-08-2021, 11:00 AM	#6539
Humdizzle Brigadier General 6531 Rep 3,849 Posts Drives: 991.2 GT3 Join Date: Oct 2016 Location: Missouri iTrader: (0)	CLOV stock is puuuumpin today my dumbass bought yesterday evening but didn't specify extended hours. so i bought at 16.6 on market open instead of 12.7... missed out on 30% of the gain live and learn i suppose amc still hitting the wall at 60. hope to see it break through today.
	Appreciate 1 jmg19432.00 Quote

06-08-2021, 08:43 PM	#6543
Dlpfcb Captain 487 Rep 646 Posts Drives: AW E92 M3 Join Date: Aug 2017 Location: Idaho iTrader: (1)	Can someone tell me what to do...I'm a noob. I have shares of RSVAU now they are saying I need to split them into warrants. I'm lost. Stock of course was up today pretty well.
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06-08-2021, 09:26 PM	#6544
antzcrashing Brigadier General 1977 Rep 3,262 Posts Drives: 2018 BMW 440i GC Join Date: Sep 2007 Location: Eastern MA iTrader: (1) Garage List 2018 BMW 440i GC xD ... [9.75]	I think the AMC windfall is going to make its way to IMAX so in the stock and a few call options contracts.
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06-08-2021, 10:19 PM	#6548
medphysdave Major General 4914 Rep 5,045 Posts Drives: M2 CS \| 85 of 592 Join Date: Apr 2015 Location: Charlotte, NC iTrader: (3)	You CLOV options folks... How long to you plan to hold the options after you buy? Are you looking for a certain percentage profit, or do you play the chart? I'm finding that I paper hand more than I'd like, but some profit is better than a loss. I use a combo of RSI and weighted moving average to signal when to buy and sell.
	Appreciate 1 antzcrashing1976.50 Quote

06-08-2021, 11:14 PM	#6549
XKxRome0ox e90noob 1612 Rep 1,881 Posts Drives: '08 E90 M3 Join Date: Mar 2012 Location: Los Angeles, CA iTrader: (4)	at one point today my total account value was over $50k double my initial deposit of $25k from January mostly thanks to GME i'm not getting off this train anytime soon i have GME across 4 other accounts but TW has the most shares the gain so far is enough to buy a nice Rolex watch or 2 ... next target is RS6 Avant money the dream is to buy a house. in Los Angeles. yea, that's a big dream __________________ 2008 E90 M3 / LCI trunk + euro tail swap Production date - 2008-04-22 Last edited by XKxRome0ox; 06-08-2021 at 11:23 PM..
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06-09-2021, 12:36 PM	#6552
antzcrashing Brigadier General 1977 Rep 3,262 Posts Drives: 2018 BMW 440i GC Join Date: Sep 2007 Location: Eastern MA iTrader: (1) Garage List 2018 BMW 440i GC xD ... [9.75]	Jim Cramer on CNBC just said GME's Ryan Cohen should go big with GME (crypto, banking) and then it can go to 400/share. Less than 2 months ago he said he cant justify 50+ for the stock. The meme investing game is changing minds
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06-09-2021, 01:55 PM	#6554
Humdizzle Brigadier General 6531 Rep 3,849 Posts Drives: 991.2 GT3 Join Date: Oct 2016 Location: Missouri iTrader: (0)	Cramer is shill. GME conference call went good. Didn't watch but apparently there was some confirmation of naked shorts against the stock. i'm anxious about earnings after close, fingers crossed.
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06-10-2021, 04:27 PM	#6555
XutvJet Major General 6072 Rep 5,612 Posts Drives: 2011 Cayman Base, 2018 M2 Join Date: Mar 2016 Location: Kansas City iTrader: (-1)	I get the sense from this thread that most people responding are day traders/short-term traders. That's a risky investment lifestyle for most. __________________ The forest was shrinking, but the Trees kept voting for the Axe, for the Axe was clever and convinced the Trees that because his handle was made of wood, he was one of them.
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