The Market 2021

[dscher]

"Good luck man.. that daily momentum still looks very good to me. But, always gotta go with your gut in trading and not look back." - Warren Buffett

Haha

Words of wisdom.. I know.

The most important and his best imo.. rule #1- never lose money. Rule #2 - never forget rule #1.

Easier said than done, Warren but, tis true, protecting your capital is most important.

 

[Finito]

AMC and GameStop taking a tumble today after a hot start.

from what I understand AMC has to be at a 10 on close Friday then it’s going to set off a chain of events for the stock.

my apprentice who also doubles as my financial advisor now apparently was telling me about calls coming due on Friday and that leading to gamma squeeze then that leading to a short squeeze.

I’ve always been pretty conservative never got into the deep water like this, but it’s pretty damn fun.

one thing is for sure though this next generation coming up is going to be so much more educated and aware of this stuff more than ever before

 

[Devilmaycare]

AMC and GameStop taking a tumble today after a hot start.

from what I understand AMC has to be at a 10 on close Friday then it’s going to set off a chain of events for the stock.

my apprentice who also doubles as my financial advisor now apparently was telling me about calls coming due on Friday and that leading to gamma squeeze then that leading to a short squeeze.

I’ve always been pretty conservative never got into the deep water like this, but it’s pretty damn fun.

one thing is for sure though this next generation coming up is going to be so much more educated and aware of this stuff more than ever before

What type of chain events? Stuff for it to go up or down?

 

[BigRedRage]

My sell price is below 100...not right at 100...so we'll see how overnight trading goes.

Just bought another 1,000 shares at $100.













just kidding.

 

[BigRedRage]

AMC and GameStop taking a tumble today after a hot start.

from what I understand AMC has to be at a 10 on close Friday then it’s going to set off a chain of events for the stock.

my apprentice who also doubles as my financial advisor now apparently was telling me about calls coming due on Friday and that leading to gamma squeeze then that leading to a short squeeze.

I’ve always been pretty conservative never got into the deep water like this, but it’s pretty damn fun.

one thing is for sure though this next generation coming up is going to be so much more educated and aware of this stuff more than ever before

383 shares of AMC over here

 

[Finito]

What type of chain events? Stuff for it to go up or down?

The...MOON

 

[BigRedRage]

this time the media is reporting the potential squeeze vs just talking about how retail traders dont know what their doing and blah blah. Today should be interesting.

 

[iLLmatiC]

Yeah. The real estate market is just insane in AZ. I think our home is up 20-25% in the last year according to Zillow.

We got our house appraised last year for 313K. It was just appraised again earlier this week for 386K.

 

[iLLmatiC]

Gah, not what I want to hear since I'd like to buy before long. Three houses on my street up for for sale now all way over in price what they're worth. Can we ban Californians from moving here already so that the bubble will pop? I need to beat my work up a little more on letting my team work remote permanently (we've done great with it for the last year now) so that I can buy an acre or two in the middle of nowhere to build exactly what I want.

Good luck on your place!

DMC,

The crazy part is those 3 houses will get bid over their asking price too! Likely with an all cash offer from California. I said the same thing about banning California residents from buying homes up in Arizona. I hope supply picks up in 3 years or the demand goes down because as it stands right now, the value of homes in Arizona is going to continue to shoot up and since there's no limit on what can be charged for rent apartments and rentals are skyrocketing too. The wages aren't high enough in Arizona to keep pace with the cost of living.

 

[Folster]

DMC,

The crazy part is those 3 houses will get bid over their asking price too! Likely with an all cash offer from California. I said the same thing about banning California residents from buying homes up in Arizona. I hope supply picks up in 3 years or the demand goes down because as it stands right now, the value of homes in Arizona is going to continue to shoot up and since there's no limit on what can be charged for rent apartments and rentals are skyrocketing too. The wages aren't high enough in Arizona to keep pace with the cost of living.

Higher interest rates would help curb demand, but also hurt first time homebuyers.

 

[iLLmatiC]

Higher interest rates would help curb demand, but also hurt first time homebuyers.

Yeah, that's what is partly causing the bloodbath. My interest rate on my new loan is 3.5%, it would be lower but it's a condo and not a house.

 

[BigRedRage]

paper handed 100 GME like the boomer I am

 

[Folster]

paper handed 100 GME like the boomer I am

LOL!

 

[Folster]

paper handed 100 GME like the boomer I am

gain/loss?

 

[BigRedRage]

gain/loss?

minor loss. I ended up splitting my shares with two stop points. Both at a very minor loss. If it broke through both, it would mean we are likely going back into the 40-60 range and once settled down I could get the same position I had at a fraction of the price. After my $87 paper hand, of course, its back above 100 so we will see. I will either ride 165 real high and paper hand a stop below it or it will crash and I will walk away with a totally acceptable loss.

For perspective, I caught the first moon late. I ended up bought in at stupid numbers like 200 and 300. and 100. Then, I had lost a bunch of money and was like whatever, ill just ride it out as is, no big deal. After the congressional hearings and seeing DFV doubled down his shares, I said f it and did the same. This is the ONLY reason I am breaking even and at a small loss and why a small loss feels SOOOO good. So, now, my 40/60 bets are still in, all the 300s and 200s are gone and I'm ready to moon or sell at no loss if it craters more.

I felt like a fool and an idiot. Then I felt confident and now I'm just thankful I got strategic with it. Oh yeah, averaging down with DMV put me WAY over my comfort line so again, totally happy right now with where I'm at, the risk I took and even with not selling at 180 because the goal and mission still exist. its not dead.

GME shares are in HUGE short territory again. The hedges are digging in deeper and deeper over and over as these squeezes happen.

 

[Folster]

minor loss. I ended up splitting my shares with two stop points. Both at a very minor loss. If it broke through both, it would mean we are likely going back into the 40-60 range and once settled down I could get the same position I had at a fraction of the price. After my $87 paper hand, of course, its back above 100 so we will see. I will either ride 165 real high and paper hand a stop below it or it will crash and I will walk away with a totally acceptable loss.

For perspective, I caught the first moon late. I ended up bought in at stupid numbers like 200 and 300. and 100. Then, I had lost a bunch of money and was like whatever, ill just ride it out as is, no big deal. After the congressional hearings and seeing DFV doubled down his shares, I said f it and did the same. This is the ONLY reason I am breaking even and at a small loss and why a small loss feels SOOOO good. So, now, my 40/60 bets are still in, all the 300s and 200s are gone and I'm ready to moon or sell at no loss if it craters more.

I felt like a fool and an idiot. Then I felt confident and now I'm just thankful I got strategic with it. Oh yeah, averaging down with DMV put me WAY over my comfort line so again, totally happy right now with where I'm at, the risk I took and even with not selling at 180 because the goal and mission still exist. its not dead.

GME shares are in HUGE short territory again. The hedges are digging in deeper and deeper over and over as these squeezes happen.

Sounds like you learned a lot and it didn't cost much.

 

[BigRedRage]

Sounds like you learned a lot and it didn't cost much.

The bummer part?

One dollar lower stop and I would still have those shares right now:

You must be registered for see images attach

 

[BigRedRage]

I need Elon to make a stupid joke on twitter and drop TSLA by like 5% so I can buy more.

 

[BigRedRage]

in other news, my first stock was a penny stock a few years ago. I ended up 2500 in and lost pretty much all of it. Literally down to under $100. its been that way for years. I held it because, well, why the hell not? It had been surging for the past week and I set a stop limie and left with $640. Feels great. I thought I would never get ANY of it back. This was back in 2017 now that I think of it.

 

[Finito]

It’s quiet on the AMC front



A little to quiet

 

[BigRedRage]

It’s quiet on the AMC front



A little to quiet

it kinda always has been besides when the BANG first happened

 

[Finito]

it kinda always has been besides when the BANG first happened

well the last 3 days have been insane with movement and today was supposed to an important day and it’s just stood still.

I see a huge rally or foul play

 

[BigRedRage]

well the last 3 days have been insane with movement and today was supposed to an important day and it’s just stood still.

I see a huge rally or foul play

I guess I have been blind to it. I didnt notice much movement lol

 

[puckhead]

minor loss. I ended up splitting my shares with two stop points. Both at a very minor loss. If it broke through both, it would mean we are likely going back into the 40-60 range and once settled down I could get the same position I had at a fraction of the price. After my $87 paper hand, of course, its back above 100 so we will see. I will either ride 165 real high and paper hand a stop below it or it will crash and I will walk away with a totally acceptable loss.

For perspective, I caught the first moon late. I ended up bought in at stupid numbers like 200 and 300. and 100. Then, I had lost a bunch of money and was like whatever, ill just ride it out as is, no big deal. After the congressional hearings and seeing DFV doubled down his shares, I said f it and did the same. This is the ONLY reason I am breaking even and at a small loss and why a small loss feels SOOOO good. So, now, my 40/60 bets are still in, all the 300s and 200s are gone and I'm ready to moon or sell at no loss if it craters more.

I felt like a fool and an idiot. Then I felt confident and now I'm just thankful I got strategic with it. Oh yeah, averaging down with DMV put me WAY over my comfort line so again, totally happy right now with where I'm at, the risk I took and even with not selling at 180 because the goal and mission still exist. its not dead.

GME shares are in HUGE short territory again. The hedges are digging in deeper and deeper over and over as these squeezes happen.

You know, it would be nice if they at least delivered cocktails to your table in between hands.

 

[BigRedRage]

You know, it would be nice if they at least delivered cocktails to your table in between hands.

I would never go into a high stakes room but I found myself in one on accident lol....thankfully I came out without injury!