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The ETF and Stonks thread (no advice at all)


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4 hours ago, lostone said:

I set aside money to gamble and money to invest.  I took some gamble money and moved it to more long term investing.  I won’t go the other way ever.  My next gamble is RBLX on Wednesday.  Probably going lose a lot of money on this gamble

agreed. I cant believe when I see idiots on WSB putting their entire retirement into GME. I hope it works out for them, but wow. I refuse to touch any of my "adult" money but the stonk casino is pretty fun. Especially now that I discovered LEAP options. I had sold covered calls before but I had never bought long term options. Those have been a great way to get in on some riskier plays without putting in a lot of money but still have control over a large number of shares. The only downside is they are truly a gamble, but its gambling money so let it ride!

 

 

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So I put in an order for 257,000 shares for an oil company at .0004. I too like to throw money away. Lol. 

Bought more of my ETFs today. Passive boring investing   waiting until 3/10 for my gambling RBLX fun.

Roblox having the staying power it has had will always be weird to me. My kids have played it for years now, although less now but still playing. I haven’t played it myself but I’ve watched and helped

2 hours ago, revrndzombie said:

agreed. I cant believe when I see idiots on WSB putting their entire retirement into GME. I hope it works out for them, but wow. I refuse to touch any of my "adult" money but the stonk casino is pretty fun. Especially now that I discovered LEAP options. I had sold covered calls before but I had never bought long term options. Those have been a great way to get in on some riskier plays without putting in a lot of money but still have control over a large number of shares. The only downside is they are truly a gamble, but its gambling money so let it ride!

 

 

That loss porn on WSBs gives me heartburn.  I don’t mess too much with options trading nor do I mess with margins.  Recently been following peloton and watching it take a nose dive the past month.  Maybe they get a boost when they release their tread.  I would assume Nordic is hitting them hard because they have a few machines that peloton doesn’t have.  Also I assume that Covid vaccine is hitting them as well as things return back to normal 

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Ha yes. Margins seem moronic. I am fine losing my own money. I dont want to borrow other peoples money to lose with interest. 

I hadnt done options until a couple of years ago and even then not much. Check out LEAP call options. They are pretty simple and a good speculative approach that can really pay off quite well. 

And yes the loss porn is both terrible; but also a wonderful reminder that I am not the biggest idiot in the investing/trading world. 

I am reading a book now on weed stocks. I think there is money to be made but there are also a lot of shady/poorly run businesses that are an easy way to lose money. The cannabis ETF YOLO is interesting and one I have on my watch list. 

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7 hours ago, revrndzombie said:

Ha yes. Margins seem moronic. I am fine losing my own money. I dont want to borrow other peoples money to lose with interest. 

I hadnt done options until a couple of years ago and even then not much. Check out LEAP call options. They are pretty simple and a good speculative approach that can really pay off quite well. 

And yes the loss porn is both terrible; but also a wonderful reminder that I am not the biggest idiot in the investing/trading world. 

I am reading a book now on weed stocks. I think there is money to be made but there are also a lot of shady/poorly run businesses that are an easy way to lose money. The cannabis ETF YOLO is interesting and one I have on my watch list. 

I’m in both YOLo and MJ ETFs.  Just going to passive invest in them to see.  If weed gets legalized at the federal level, it’s gonna take off.

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36 minutes ago, lostone said:

The GME ride today was wild.  I almost sold at the bottom like an idiot.  Fortunately the bleeding stopped and we are back to more fun.  This is hitting my gambling fix without going to Vegas.  

Ha right there with you. I went for a run when it was over 320 with my head held high. Spent the run thinking about where I'd invest next. By the time I got back it was at 220. I got in the game late and have an average of like 275 so this wont be a huge gain for me most likely. I have a few sell orders in but doubt they get filled because I am greedy. 

AMC could be fun tomorrow though. 

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No free cash but I wish I'd pulled the trigger on NOK or SLGG. Oh well. Theyll come back down. 

 

I am thinking of doing something dumb dumb dumb. I might sell 2 shares of GME at a small profit and try and buy the dip. That thing is so volatile I know its doable. 

SO if I were you, I'd hold on to yours. Once I sell a couple at a small profit that thing is headed to Pluto

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23 hours ago, lostone said:

The GME ride today was wild.  I almost sold at the bottom like an idiot.  Fortunately the bleeding stopped and we are back to more fun.  This is hitting my gambling fix without going to Vegas.  

I got out at the top yesterday on accident lol. Made a quick 200 bucks. Put it in an eft.

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Today was the first boring day for GME in a while. 

With the stimmy checks coming and people out there dumber than me; that thing might get a little nuts. Tomorrow should be more interesting. 

I wasnt able to sell any today as it apparently turned into a grown up stock overnight.

RIGL still doing its thing. If I get out of GME I am tossing money in there. I put a few bucks in each month but I still have a small position. Once I get some free cash ITM LEAPS on RIGL. 

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  • 2 weeks later...
1 hour ago, revrndzombie said:

wow. Look out beloooooowwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww

 

 

Ha. Looks like my daughter will inherit some shares of GME. I shan't sell red. 

Lol same boat.  My portfolio is bleeding today, but it’s okay

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If nothing else this GME roller coaster has been worth the price of admission. Wish I'd stocked up with a couple more earlier this week but oh well. Prepping for the lunar launch or another freefall. The days it trades like an adult stock are weird. Crazy when 50 or 500 wouldn't surprise me. 

 

Has anyone done any crypto buying? Going in 100% aware that this is gambling. 

 

 

 

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6 hours ago, revrndzombie said:

If nothing else this GME roller coaster has been worth the price of admission. Wish I'd stocked up with a couple more earlier this week but oh well. Prepping for the lunar launch or another freefall. The days it trades like an adult stock are weird. Crazy when 50 or 500 wouldn't surprise me. 

 

Has anyone done any crypto buying? Going in 100% aware that this is gambling. 

 

 

 

@Carteris keeping up with that more

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The bigger established cryptos like Bitcoin, Ethereum, Litecoin and others, I really would not say are gambling tbh now that I’ve been learning more about crypto. Very volatile trends but generally steady inclines and relatively safe to put money into as a long term hold. There will be bad days and good days if you follow it daily, some very bad and some very very good. But they are designed for long term growth and the biggest obstacle is widespread adoption, which has continuously been improving. I think the “Bitcoin bubble” popping is what happened back in 2018 due to hype dying down before the mainstream applications were there. Bitcoin has gotten to the point of mainstream acceptance with companies actively seeking ways to implement support. That’s only going to continue. Bitcoin is here to stay, but definitely has some changes to make for its environmental impact.

Some crypto projects have pretty incredible and ambitious real world applications that are being developed. Cardano, Polkadot, and Ethereum 2.0 could change the way the world does finance. Cardano specifically is seeking (and getting) agreements with African countries to develop their platform as a decentralized financial system and facilitating expanding internet access for hundreds of millions of people who have never had access to banking services. The decentralized aspect ensures fairness. As a market or I guess an industry, crypto is very much in its infancy still. There is very little government regulation, but the bigger brands are extremely structured and legitimate organizations.

Blockchain is absolutely the future of finance, it is so far beyond our traditional banking systems and creates a truly level playing field for those who can access it. But therein lies the biggest challenges.

It’s definitely not for every investor though. A modest portfolio can vary by hundreds of dollars from day to day. The cryptos that are very much like gambling are the very low priced coins, many of which trade for pennies or less than a penny. Throw a hundred bucks on a coin worth a fraction of a penny, get tens of thousands of the coins... that $100 can turn into $1000+ very easily by the coins value rising to just a penny or more and it has happened many times. But those are also the type of coins that burn people who found out too late and tried to chase the wave. Throw a grand at some of these that are worth like 0.0001 and you can see some monstrous millionaire making gains. The temptation to throw down on that kind of opportunity can be hard to ignore for some folks.

I could go on lol staking crypto alone makes it a no brainer to get involved imo. I don’t think there are many banks offering 5-9% APY interest rates just for parking your money in their system. That’s what I call free chicken.

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BTW Cardano (ADA) and The Graph (GRT) are probably my two favorite affordable cryptos at this point. You can get yourself a decent position on those in the $1 range. Both are developing and will see huge growth, should be thought of as long term holds. I also like Ethereum (ETH) a lot. All 3 are pretty safe bets. I am staking Cardano and will be staking ETH as soon as I can.

Also be aware there are scammers in the crypto space. You’ll come across a lot of shady stuff trying to research info by googling. A big part of crypto is community support and basically every legit project has a subreddit or discord. A lot of pump and dump schemes pop up.

Fxstreet.com is a reliable source for hard crypto analysis and info, along with forex analysis. If it looks like a big coin is about to dive they will usually be ahead of it. Dry analysis, no hopium pumping.

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13 hours ago, Carter said:

BTW Cardano (ADA) and The Graph (GRT) are probably my two favorite affordable cryptos at this point. You can get yourself a decent position on those in the $1 range. Both are developing and will see huge growth, should be thought of as long term holds. I also like Ethereum (ETH) a lot. All 3 are pretty safe bets. I am staking Cardano and will be staking ETH as soon as I can.

Also be aware there are scammers in the crypto space. You’ll come across a lot of shady stuff trying to research info by googling. A big part of crypto is community support and basically every legit project has a subreddit or discord. A lot of pump and dump schemes pop up.

Fxstreet.com is a reliable source for hard crypto analysis and info, along with forex analysis. If it looks like a big coin is about to dive they will usually be ahead of it. Dry analysis, no hopium pumping.

nice that's helpful. 

2 Questions. :

1. What are your thoughts on Dogecoin?

2. What/where do you buy? I got a little confused on the buying and storing process. 

 About 5 years ago I first heard of all this stuff. I was close to throwing a few hundred or a thousand at bitcoin and just leaving it; but I convinced myself it was dumb and that I had missed the boat. 

My strategy would probably be just tossing some money at Bitcoin and Etherium and maybe Dogecoin and letting it sit for a minimum of 10 years. I am fine with volatility. This would be something I would just check every few months 

 

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7 hours ago, revrndzombie said:

nice that's helpful. 

2 Questions. :

1. What are your thoughts on Dogecoin?

2. What/where do you buy? I got a little confused on the buying and storing process. 

 About 5 years ago I first heard of all this stuff. I was close to throwing a few hundred or a thousand at bitcoin and just leaving it; but I convinced myself it was dumb and that I had missed the boat. 

My strategy would probably be just tossing some money at Bitcoin and Etherium and maybe Dogecoin and letting it sit for a minimum of 10 years. I am fine with volatility. This would be something I would just check every few months 

 

Apologies ahead of time for a lengthy post. I want to explain it well because I wish someone had for me lol

I got into Dogecoin at about .01, when people on WSB were pushing it along with the big GME squeeze. I only threw 10 bucks at it because I knew almost nothing about crypto and $10 was negligible to part with. I took the hype of pushing it to a dollar at face value. I watched it go up to .08 a few days later and didn’t sell. We were going to the moon! It never went higher. The pump and dump was over. Ended up selling a week or so later at .05, after learning some more about crypto and Dogecoin in particular. It has bounced between .04 and .06 since then.

Flipped 10 bucks into ~40 but I would not buy into it now. Some of the biggest things that drive value for crypto coins are its utility, acceptance and how many total are available. Doge isn’t widely accepted and just can’t go up very much by design. The protocol creates 5 billion new additional coins into the pool every year, which dilutes the value - and very few accept it as payment for goods or services. Even if crypto becomes totally mainstream there is no guarantee Dogecoin will benefit from that. It’s not going up much if at all and there is significant risk of it falling off imo as there are far superior products out there and Dogecoin is not exactly angling to compete with them

Thats my take on Dogecoin 😆

On #2, there are apps for that! Binance and Coinbase are the two most popular crypto exchanges. They have fully functional websites and phone apps that can do everything you need to get going and hodl. They require you to confirm your identity per SEC regulations but not all exchanges do. You can link your bank account for deposits and withdrawals. Both are excellent apps, but there are some states for whatever reason that do not allow Binance accounts. I live in Texas, which is one such state. I can’t even create a Binance account because my residence is a Texas address. So I mostly use Coinbase, which is fine (although Binance does support some coins that Coinbase does not).

You can hold your crypto on these exchange wallets if you want, but for long term holds it’s advised to at least transfer off the exchange into a digital wallet because your crypto info is actually stored on the exchange network... which can be hacked and has been. (I don’t think Coinbase has been successfully hacked yet btw). Wallets are a digital platform that allow your crypto to be protected by its address and private keys being stored locally and/or in encrypted cloud storage. So if an exchange is hacked your crypto is not vulnerable.

Personally, I use Exodus and Trust Wallet, both of which have apps. There are transaction fees every time crypto is moved, including to a wallet. It’s a negligible fee amount for most, but Bitcoin and Ethereum have notoriously high fees (like $20+ high sometimes). Some crypto coin projects have their own official wallet that they support directly, often with the best rewards available to hodlers and the only way to vote on protocol changes when votes occur.

The most secure method is called cold storage or hardware wallets, which is storing a digital wallet on a device that has no internet connection. They aren’t 100% as someone could possibly take the device and unlock it if they have your privacy key. But that’s the best they have for security. I believe some staking coins support staking with assets in cold storage but I am not sure about that.

If you read all this I hope it helps. I think crypto is fascinating and I still have a ton to learn. I wish I would have gotten into Bitcoin back when I was first told about it, when it was at like $400 I think. I blew it off and Dogecoin is actually what got me into crypto 🤦🏻‍♂️ 

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awesome thanks! 

Yeah Crypto is fascinating and I think we will have major developments in it for years to come. I want to do it as a buy and hold so that was helpful.

I'm figuring out more and more about options. They seemed so complicated at first but once I read more about them there are some pretty basic strategies that are easy. I got hung up in reading about people who did really high risk strategies with them and were basically morons. They are a great way to earn consistent and safe cash which I can use to buy more shares. I can see how it would be pretty doable to make a lot of money with them.......Of course it would take a lot of money to do that as with most things. 

If anyone is interested in learning about them (minus empty promises and nonsense) I suggest Mike and his whiteboard on youtube; or the short simple videos from etrade. Covered calls, cash secured puts, buying calls, buying puts, and debit spread are all pretty simple and safe. Some of the others seem complicated to me and if I dont understand it; its probably a great way to lose money. 

 I am about to get back in on Ford. They have a lot going on the EV front and their stock is on a boring and steady uptick which is the perfect place to do some things with options. 

 

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6 hours ago, revrndzombie said:

awesome thanks! 

Yeah Crypto is fascinating and I think we will have major developments in it for years to come. I want to do it as a buy and hold so that was helpful.

I'm figuring out more and more about options. They seemed so complicated at first but once I read more about them there are some pretty basic strategies that are easy. I got hung up in reading about people who did really high risk strategies with them and were basically morons. They are a great way to earn consistent and safe cash which I can use to buy more shares. I can see how it would be pretty doable to make a lot of money with them.......Of course it would take a lot of money to do that as with most things. 

If anyone is interested in learning about them (minus empty promises and nonsense) I suggest Mike and his whiteboard on youtube; or the short simple videos from etrade. Covered calls, cash secured puts, buying calls, buying puts, and debit spread are all pretty simple and safe. Some of the others seem complicated to me and if I dont understand it; its probably a great way to lose money. 

 I am about to get back in on Ford. They have a lot going on the EV front and their stock is on a boring and steady uptick which is the perfect place to do some things with options. 

 

That’s good info and a great way to grow an account.  Many of my holdings don’t offer dividends so I use covered calls for consistent cash.  If I’m eyeing a new holding I’ll generally by cash secured puts at my target price until it drops to my preferred level and take assignment on the shares.  Selling covered calls on ETFs is a strategy I use as well.

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  • 2 weeks later...

Anyone else still holding GME/AMC? 

On another note; just started trading SPY options. I took 500 bucks and set aside for this. Ill keep you posted on how it goes. If I lose the 500 im out; if it works Ill buy a jet. Most likely it will be a very slow descent to 0. 

My hot long termers right now are still RIGL and a Ford 7 dollar LEAP for 2023. 

 

 

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As mentioned in the other thread, Doge blasted off yesterday. Nobody knows why either lol. I didn’t think it would ever go back over .08. Analysts are even talking like it doesn’t make sense, maybe it goes to a dollar who knows. 🤷🏻‍♂️ 😂

Some folks have had some serious gains on that one.

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On 2/27/2021 at 2:02 PM, red falcon said:

I wish i had known about stocks and dividends as a kid. Could have used dividends to pay my bills had i known better. I will be 38 this year guess i still have time.

Dont teach you this in school but i will have my son ready he will be 4 this year. 

Nope. Screw stocks, here's the year Columbus sailed the ocean.

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