OT: Crypto, Stocks, Bonds, Real Estate, Investments, IRAs & Finances, etc.

[SWYM]

So are you guys saying we should exit some long term positions if we can take profits? Or just don't open new long term positions?

Retail investors don't understand concept of ringing the register. Nothing wrong w it.

You'll get opportunities to buy more bc another concept retail investors don't understand. Add to winners, cut losers; an idea is working, you add until you get to full size of your trade

[Garbagelo]

So are you guys saying we should exit some long term positions if we can take profits? Or just don't open new long term positions?

I'll give it to you straight

The age of buy and hold is dead

[Jethrobodine123]

So are you guys saying we should exit some long term positions if we can take profits? Or just don't open new long term positions?

I'll give it to you straight

The age of buy and hold is dead

I would agree with you there.

I've been in the markets for more than 35 years and for the first time I have a knot in the pit of my stomach because I know how things could get and to say it wouldn't be pretty is an understatement.

At this point, the old adage picking up nickels in front a steamroller would apply here.

Jethro

[Garbagelo]

The only specific sectors I expect to perform besides the internet giants like Amazon, Netflix, and Microsoft are semiconductors, healthcare, and biotech. I'm also very bullish on cryptocurrency and AI. Not sure about tesla, it seems to move erratically. Apple is also on the fence. Amazon earnings on 4/30 will be a major sign of how sustainable this post covid internet only economy is.

[Rasho Brezec]

The only specific sectors I expect to perform besides the internet giants like Amazon, Netflix, and Microsoft are semiconductors, healthcare, and biotech. I'm also very bullish on cryptocurrency and AI. Not sure about tesla, it seems to move erratically. Apple is also on the fence. Amazon earnings on 4/30 will be a major sign of how sustainable this post covid internet only economy is.

Any crypto in particular or just generally?

[Garbagelo]

The only specific sectors I expect to perform besides the internet giants like Amazon, Netflix, and Microsoft are semiconductors, healthcare, and biotech. I'm also very bullish on cryptocurrency and AI. Not sure about tesla, it seems to move erratically. Apple is also on the fence. Amazon earnings on 4/30 will be a major sign of how sustainable this post covid internet only economy is.

Any crypto in particular or just generally?

I have my picks but it's mostly a casino. Place your chips and pray lol. That money is either gone or going to be worth millions.

[Rasho Brezec]

The only specific sectors I expect to perform besides the internet giants like Amazon, Netflix, and Microsoft are semiconductors, healthcare, and biotech. I'm also very bullish on cryptocurrency and AI. Not sure about tesla, it seems to move erratically. Apple is also on the fence. Amazon earnings on 4/30 will be a major sign of how sustainable this post covid internet only economy is.

Any crypto in particular or just generally?

I have my picks but it's mostly a casino. Place your chips and pray lol. That money is either gone or going to be worth millions.

Yeah, hoping my gamble on Ripple's ODL solution pays off.

[Garbagelo]

Oil going into deep negatives

You can't make this up

[robillionaire]

if you have some free space in your yard they might pay you to take some oil

[Garbagelo]

if you have some free space in your yard they might pay you to take some oil

they would probably send assassins in to kill you first if you ask for delivery

[Kampuchea]

TQQQ is the long term investment. Short term I am worried about a second wave of the virus hitting, that’s the unpredictable aspect.

There are a number of financial earnings releases coming, they should already be priced in. If you think they aren’t FAZ is a short term hold this week.

I cashed out of TQQQ 64.50 but wasn't brave enough to buy FAZ unfortunately

I look at some short data and try and use that as a predictor, I like this one https://www.algowins.com/

I will be back in TQQQ at some point

[Jethrobodine123]

I would say the oil markets are a bit more representative of what's going on in the real world than the stock market at this point.

Jethro

[JamesConway]

So are you guys saying we should exit some long term positions if we can take profits? Or just don't open new long term positions?

I'll give it to you straight

The age of buy and hold is dead

Why do you think that?

[Dantares]

Is there any bad news that can get reported that will actually negatively impact the market?
It seems like the market is glossing over all the terrible economic data and poor earnings. Do people really believe we will go from a 15% unemployment rate to 4% within a month after things finally "normalize" (whatever that means)?

I think what's happening is distribution. retail shorts are getting squeezed and "smart money" is selling into the strength. 2900-3000 is great resistance area and I think earnings will start to matter now as the gameplaying from options expiration week is over. I suggest doing what Garbagelo suggested and take small trades and close out your position every few days. in trading, hitting a bunch of singles is better then continuously swinging and missing on the homerun

I'm also of the mindset that Gilead's remdesivir drug trial( for moderate symptoms) or some other treatment will be successful in May. I have a choppy upwards bias until we have a drug with a successful trial. then when that happens sell the news.

ok update time: we had a successfull trial with remdesivir and choppy upside bias. like i said you could have made money getting in and out and trading the chop, i hope you guys made a little cash. the remdesivir trial was not quite what I expected it helps, but the drug is not a cure. at this point I am expecting a topping pattern.

I see two paths:

1) everyone and their mother is waiting to short this market at 3000 s&p. use that to your advantage. what i see hapenning next is everyone will short s&p 3000 and get stopped out because the market will fool everyone(like it always does) and head toward s&p 3050-3100. that is when the rug will get pulled and the market crashes.

2) 3000 is a brick wall of resistance. we swing down 200-250 points quickly then tag the 50MA daily, then we get positive vaccine news. my guess is the oxford vaccine trial read out in mid June catapults this market to one more high around 3050-3100, then we crash after that.

[Kampuchea]

I’ve been playing the TVIX to some success. My favorite holding is my put of GSX. My Put of EHTH not doing so well. I’ve got call options on GTES, following what I expect to be continuous positive price pressure by some hedge fund I follow the trades of.

I am also in TQQQ but do believe in a coming crash, be ready to go TVIX or SQQQ once the crash begins.

[Dantares]

Absolutely stunning rally. I shorted from 3050-3100 and i stopped out for a loss. I am on the sidelines now as I have no idea what will happen next. Luckily I didnt lose too much money. I hope you guys are doing better than me

I will try shorting again tomorrow if I get the right set up.

[Kampuchea]

I am doing well on my EHTH plays, I had a PUT which I sold and replaced with a Call when the stock was trading at 106.50.

I think now is a good time to short GSX.

I have been riding TQQQ for the leveraged gains.


Still thinking we have a pullback, maybe around the second virus wave coming up.

[NYKinMIA]

So...where do I lay down $20K and become rich, biatch!?!?

Like, for real though.

[NYKinMIA]

OK, on the serious tip.
All I hear and read says "do your own research." I get it, I understand the inclination to teach a man to fish.

With so much info out there, it's a little intimidating just starting to learn.
I guess what I'm asking is for someone to point me at a good fishing hole for learning.

[bigfnjoe96]

OK, on the serious tip.
All I hear and read says "do your own research." I get it, I understand the inclination to teach a man to fish.

With so much info out there, it's a little intimidating just starting to learn.
I guess what I'm asking is for someone to point me at a good fishing hole for learning.

Are you looking to invest, or become a trader? This is a question you need to ask yourself. If your looking to Invest, what is your goal? Is it short-term or long term? As an investor you should balance your portfolio to help mange risk. Right now I'm investing in an S&P 500 ETF thru my employer 401k (5% contribution per pay check), but I've also brought shares of Microsoft and Nikola Corp. recently via the Robin Hood App to diversify. My investing is long term, so I'm not buying and trading stocks daily. That's what a trader does.

Also if your in it for the long term, know that the market will always rise and drop, so it's good to hold your position. If your buying individual stocks holding is good, buy you also should take profits when you can. I'm using 25-25-50 strategy. Take profits at 25%, if the stocks drops 25% and hover in that area for 10-15 days, buy more.(it will more than likely go up) If the stock drops 50%, sell and walk away.

As for "day trading" I can't speak to it, because I'm not a "day trader"

Hope this is helpful. *disclaimer I am not a financial analyst*