Took 70% of my cash and put it into the stock market

[DoubleAtotheRON]

Where did you buy in at bud?

 

[waterproof808]

Market is rigged against retail

 

[DoubleAtotheRON]

Another brutal day... massive sell-offs.

 

[waterproof808]

Another brutal day... massive sell-offs.

Had to see that coming after yesterday’s rally. I bought more cvna puts yesterday for another 60% gain at todays open but my IRA is taking a proper beating.

 

[waterproof808]

Had to see that coming after yesterday’s rally. I bought more cvna puts yesterday for another 60% gain at todays open but my IRA is taking a proper beating.

Shit if I hadn’t taken profits I would’ve been up 150% right now

 

[DoubleAtotheRON]

Had to see that coming after yesterday’s rally. I bought more cvna puts yesterday for another 60% gain at todays open but my IRA is taking a proper beating.

CVNA down almost 18% today.

 

[StonedGardener]

Bought 15 stocks and these 6 stocks NVDA, CMG, ZM, SHOP, CVNA, NFLX make up 75% of my portfolio... I went a lot of technology stocks that have been beaten down the las 6-8 months.. Thoughts??

What a slippery slope . It's quite the dice game. I think things are gonna take a real ass-kicking in near future. Then again , you could make out great. Good luck !

 

[waterproof808]

What a slippery slope . It's quite the dice game. I think things are gonna take a real ass-kicking in near future. Then again , you could make out great. Good luck !

Thats where trading options comes in to play. You can still make money if prices go up or down.

 

[Paul Drake]

Ooops

 

[Meast21]

What a slippery slope . It's quite the dice game. I think things are gonna take a real ass-kicking in near future. Then again , you could make out great. Good luck !

I got out of the market today.. Don't trust these pos at all, its a rigged game that makes not much sense... Will get in when it goes lower and/or I will just guy Mcdonald's and coke stock and make money on the dividends.

 

[Meast21]

Where did you buy in at bud?

Who me?? I sold that a few weeks ago, lost like 9k.

 

[Meast21]

Where did you buy in at bud?

I bought it at around 100 and sold at idk maybe 65... Bought all of these stocks around pre-pandemic levels thinking they wouldn't go much lower than that.. Now that I'm out I hope we get a recession and I think we will.

 

[DoubleAtotheRON]

I bought it at around 100 and sold at idk maybe 65... Bought all of these stocks around pre-pandemic levels thinking they wouldn't go much lower than that.. Now that I'm out I hope we get a recession and I think we will.

Who knows these days. It’s a crapshoot.

 

[Meast21]

Personally, I don't think NFLX is going to gain any more subscribers, it was a Pandemic thing that spiked it, and now that it's over... I don't see that many going back. People are cutting out some of the niceties to afford to fill up thier vehicles.
NVDA: Showing a strong sell off, but the 12 month projection looks good.. strong buy.
CMG: Although they took a beating during thier recall, it's recovered. It's a hold. Very expensive tho.
ZM: This is another victim of the Pandemic. Strong during, and fell off post covid. I see ZM as the "My Space" of Social Media, and it will prob have the same fate.
CVNA: Even after a 13.2% loss today, I think this may be a good long hauler. Unfortunately, during this silicone chip shortage, it did create an inflated value in the used car market. The problem with this is, as chips become available again, the used car market will stabilize. BUT! they have already invested in their current inflated inventory. This could be a disaster for thier profits as they come into a more stabilized used car market, and prices come down. This should be fairy short term tho, and is why I say it will be a good long term investment.

That'll be $50 consult fee sir.

Let's keep this thread going.. I need to make money on stocks and hate them and am a novice... I see this market tanking for the next 5-6 months. So much negative shit out there.

 

[DoubleAtotheRON]

One I missed is AMR..... shit!, I wished I would have grabbed that one about a year and a half ago. Crazy gains, and still climbing.

 

[DoubleAtotheRON]

And the bloodbath continues.... hell of a way to start the week off.

 

[waterproof808]

I shorted COIN today since crypto has dumped recently and they report earnings tomorrow after hours. They are down a lot since their IPO and user activity is down a lot. With rising costs of living lately, less people are wanting to trade crypto.

 

[DoubleAtotheRON]

I shorted COIN today since crypto has dumped recently and they report earnings tomorrow after hours. They are down a lot since their IPO and user activity is down a lot. With rising costs of living lately, less people are wanting to trade crypto.

It's a very nervous market the past couple of trading days. The Fed move was def a cause of this chain reaction we got going on. And yeah... it may take a minute for Crypto to find the bottom. The energy sector took a proper beating as well today. HAL, DVN, CVX, XOM, MRO... brutal.

 

[StonedGardener]

I got out of the market today.. Don't trust these pos at all, its a rigged game that makes not much sense... Will get in when it goes lower and/or I will just guy Mcdonald's and coke stock and make money on the dividends.

I ran that gauntlet years ago , just like gambling...hit it big then take it in the ass. I'm older and more conservative........call be a boring ass-hat , but I've learned to like CD's......I make out in the worst of times. That market is like cocaine , " the lure of easy money " .

 

[Meast21]

I

I shorted COIN today since crypto has dumped recently and they report earnings tomorrow after hours. They are down a lot since their IPO and user activity is down a lot. With rising costs of living lately, less people are wanting to trade crypto.

I think if you're a true stock expert it was really easy to make money the past 2 years. Easy to make money on some of these companies by shorting stocks bc they were way overvalued. I don't know how to short and barely don't know how to buy haha...