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Hey Nerds: Blockchain

LeafOfFaith said:
Ouch. This girl I’ve only just started talking to was one of the axed Meta peeps today. She’ll now have plenty of time, but not sure if that’s going to be a good or bad thing yet.
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time to dump that parasite… before she figures out you spend most of the day discussing Muzzin
 
“But my META was up $5, so l’m good and lunch is on me next time”
 
CH1 said:
“But my META was up $5, so l’m good and lunch is on me next time”
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It's always on me, that's not something in question, and though my Meta was up, everything else is mostly down (or so it was when I took a side glance in the morning and don't want to ruin my mood now!). So I do have an argument if I wanted to shift that cost over. : )
 
Motherfucker, I just checked since the morning to see the utter devastation. Fucking hell, this is unreal. Every single day it gets worse.
 
Preston said:
No arguments there. Tech, in particular, is correcting in a big way and when your portfolio is heavily tech-centric it's gonna be hard to come back from that in the short-term.

I do think there is value in buying whatever you believe in longterm (for me it's a broad market ETF, for you it might be a tech company) robotically and slowly. Every Tuesday at 9:30am buy just a lil.. whatever it may be 5, 10, 15, 50% of your weekly income, doesn't matter. I know your method has always been to buy big or don't buy at all and while I respect and appreciate the upside that this method can provide, it is much higher risk.
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There are different strategies to approach the market

I like the buy when others are crying method

I loaded up beaten up oil up stocks when the industry got decimated

Turned it into a 10 bagger , risk was there but there was nowhere to go but up IMO

Buying names like Meta , Netflix , etc hoping to get back to the glory days would stress the hell out of me

I agree with CH1 the ETF approach is the way to play the market now
 
GEEMAN said:
There are different strategies to approach the market

I like the buy when others are crying method

I loaded up beaten up oil up stocks when the industry got decimated

Turned it into a 10 bagger , risk was there but there was nowhere to go but up IMO

Buying names like Meta , Netflix , etc hoping to get back to the glory days would stress the hell out of me

I agree with CH1 the ETF approach is the way to play the market now
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I've been going ETF/Couch Potato Investing for a few years now, and it really takes the pressure off. Yeah, sometimes you check in after a few months and see you lost 50k. Other times you're up a bunch. But because you know you're playing the long game, things will work out in the end. No, you're not going to catch that wild stock and become a millionaire overnight, but that's fine with me.

And just because you do that with the vast majority of your portfolio, doesn't mean you can't take some money and play with it. If you have a company you think will bounce back, you can still invest a little in it. No, I'm not betting my retirement on Netflix or Meta or whatever, but you could throw 5k or 10k or whatever you're comfortable with in there in case they do bounce back.

It also works for me, because I really can't be bothered to check the market every day. If you're investing in individual stuff, yeah, you need to pay closer attention. If you invest in the whole market, then you pick up enough just by listening to the general news.
 
UWHabs said:
I've been going ETF/Couch Potato Investing for a few years now, and it really takes the pressure off. Yeah, sometimes you check in after a few months and see you lost 50k. Other times you're up a bunch. But because you know you're playing the long game, things will work out in the end. No, you're not going to catch that wild stock and become a millionaire overnight, but that's fine with me.

And just because you do that with the vast majority of your portfolio, doesn't mean you can't take some money and play with it. If you have a company you think will bounce back, you can still invest a little in it. No, I'm not betting my retirement on Netflix or Meta or whatever, but you could throw 5k or 10k or whatever you're comfortable with in there in case they do bounce back.

It also works for me, because I really can't be bothered to check the market every day. If you're investing in individual stuff, yeah, you need to pay closer attention. If you invest in the whole market, then you pick up enough just by listening to the general news.
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Great post , it all comes down to what your comfort zone is

Investors like Presto , CH1 and others on this forum are fucken geniuses

They can capitalize in any market with options and trade all day

My biggest fuck up was not going all in during the credit meltdown of a decade ago

Simply buy the Canadian banks and sleep well for decades

My buddy dropped 200k on 5 banks and is sitting on 500k right now while collecting nice dividends
 
Put/call ratio was very high yesterday so perfect conditions for a melt up. Glad I sold my “red wave” puts yesterday
 
CH1 said:
Put/call ratio was very high yesterday so perfect conditions for a melt up. Glad I sold my “red wave” puts yesterday
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I have no evidence of this but anecdotally, based on memory, if folks did oppo the initial reaction on election results they'd probably be up yuge. Like when things died after the Trump win, folks who bought the dip did extremely extremely well. Eventually people realize that it doesn't matter who wins!

Of course having a catalyst like todays inflation news helps a shit ton when so many people are short!
 
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yep. In this bearish environment, figuring out how other traders are positioned is probably the most important thing… it’s also difficult and I have no patience for that
 
Yeah I'm missing out on todays action. Been out of the game for too long, haven't been doing any homework, so I wasn't ready for this at all. But this is fun. I like fun. I will be following moving forward.
 
DOW30000 said:
I just deposited roughly $100k into the stock market. Not worried at all because the DOW will be at 30,000 within a few weeks. A free $50k for doing nothing.
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If you thought this was big then just wait for what's coming next. We are now on #SPY500 watch. Expect gains like we have never seen before.
 
This is cute but not buying it. Feels like 2021, but that’s what it wants me to think. Normally I’d feel bad about not buying yesterday, but fuck them.
 
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