Discussion ***Official*** 2021 Stock Market Thread

[FelixDeCat]

Now that stimulus has been announced, the market may pull back just a tad or be flat next short trading week. Buy the rumor sell the news trade.

I bought 10 TLRY $18 puts for next week @ $1.16. WSB would call me a gay bear lol. Whatevs!

 

[dasherHampton]

SRNE is starting another run, Felix. Average price target up to $25. High up to $30.

I wish I had money to buy 1000 shares to keep but I'm leveraged to the hilt right now.

 

[dasherHampton]

Screw it, man. I'm kind of on a hot streak. Follow your instinct, I'm told.

So I sold 1000 GE shares at a slight loss and bought the 1000 shares of SRNE. 10 July $15 calls are like at $1800, Who can resist?

 

[FelixDeCat]

Good luck with your trade Dasher.

Science stocks usually pull back the day after big runs. Will check in on Tuesday.

 

[FelixDeCat]

BB falling quick. Boy, that was unexpected.

 

[dasherHampton]

Can someone confirm this for me? Thanks

If I own puts on a stock and want to set a stop on them the "activation price" refers to the underlying stock price, correct? So if I own puts to buy a stock at $10 and I set the stop activation price at $12 my puts will be bought back if the stock falls to $12.

I'm assuming this is correct but wanted to confirm. I've never set a stop on an option before.

 

[FelixDeCat]

Can someone confirm this for me? Thanks

If I own puts on a stock and want to set a stop on them the "activation price" refers to the underlying stock price, correct? So if I own puts to buy a stock at $10 and I set the stop activation price at $12 my puts will be bought back if the stock falls to $12.

I'm assuming this is correct but wanted to confirm. I've never set a stop on an option before.

Ive never used contingent orders on options. Your broker should have the answers however.

 

[dasherHampton]

Ive never used contingent orders on options. Your broker should have the answers however.

It seems too trivial to bother him with. I'm like 99.9% sure I'm right.

 

[manlymatt83]

Anyone tilting to small cap value? I have a 30% tilt and am beginning to re-think due to the urge to simplify.

 

[brianmanahan]

Anyone tilting to small cap value? I have a 30% tilt and am beginning to re-think due to the urge to simplify.

i used to be %20 small cap value among other things, but a few years back i got rid of all the other tilts and switched SCV to %40

it hasn't helped my returns any LOL, but i am going to force myself to stick with that until 2030. after that i may just switch to an all-on-one fund

that would make things so much easier... sometimes i yearn for the simplicity

 

[JEDI]

I shorted tsla @ $840 for 6 figures.
Let's set if it'll half before it doubles

 

[manlymatt83]

i used to be %20 small cap value among other things, but a few years back i got rid of all the other tilts and switched SCV to %40

it hasn't helped my returns any LOL, but i am going to force myself to stick with that until 2030. after that i may just switch to an all-on-one fund

that would make things so much easier... sometimes i yearn for the simplicity

What age would you be in 2030? I'm 37 now, so getting close to the point of just wanting simplicity.

 

[FelixDeCat]

I shorted tsla @ $840 for 6 figures.
Let's set if it'll half before it doubles

Is this for real or just Ponyo bait?

(Or did you mean 10 shares @ $8400.01, that's six figures too.)

 

[brianmanahan]

What age would you be in 2030? I'm 37 now, so getting close to the point of just wanting simplicity.

2030 i'll be about 45 and more than ready to retire! and hopefully able to if the next 10 years don't go horribly

 

[FelixDeCat]

GM on fire. Missing out on the rally. Cheap relative to peers?

 

[JEDI]

GM on fire. Missing out on the rally. Cheap relative to peers?

Everything is cheap relative to tslA

 

[KB]

I shorted tsla @ $840 for 6 figures.
Let's set if it'll half before it doubles

Asking to get burned? The market is still in a melt up trend. I would wait for a market downtrend first.

 

[KB]

GM on fire. Missing out on the rally. Cheap relative to peers?

Cheap compared to TSLA yes, but to its peers like F or Honda, nope. In fact GM is at an all-time (post bankruptcy) high right now.

I posted an article a while back from Motley Fool, where the author believed GM was the best play in EV, but ICE car companies just don't seem to move much so I am not sure this is a long lived gain.

 

[PlanetJosh]

Day traded Apple today, stayed in for about an hour and sold making about $300. I didn't stay in for a few more hours because I figured there would be disturbances from rioters before the swearing in which would probably cause the markets to sink.

But no rioters so far this morning and Apple is going up after I sold, so I missed out on more profits. But I'll take the few hundred. Not going to make a 2nd day trade today.

Edit: Meant to note that in all my day trading this year, last year and before I've lost money. I'd say about $8k - $10k usd lifetime. I've made an overall profit in stocks from going long anywhere from over 1 day to several years. So day trading is tough and a losing endeavor overall as many experts say and I'm no expert. I just figured I'd take advantage of today's inaugural bump for the day trade.

 

[FelixDeCat]

Can someone tell me how to stock market today?

 

[dasherHampton]

Can someone tell me how to stock market today?

NIO puts. Take advantage of NIO being down.

2/26 $50 at 3.25
3/29 $45 at 3.35

 

[dasherHampton]

Day traded Apple today, stayed in for about an hour and sold making about $300. I didn't stay in for a few more hours because I figured there would be disturbances from rioters before the swearing in which would probably cause the markets to sink.

But no rioters so far this morning and Apple is going up after I sold, so I missed out on more profits. But I'll take the few hundred. Not going to make a 2nd day trade today.

Edit: Meant to note that in all my day trading this year, last year and before I've lost money. I'd say about $8k - $10k usd lifetime. I've made an overall profit in stocks from going long anywhere from over 1 day to several years. So day trading is tough and a losing endeavor overall as many experts say and I'm no expert. I just figured I'd take advantage of today's inaugural bump for the day trade.

It's a perishable skill. Day trading has to be a full time endeavor. It's not something a person can normally pick and choose when to do.

Sure, you can hit a winner anytime. But to do it consistently it has to be a full time job.

 

[dasherHampton]

After talking about it for years I finally took the step into a brave new world. Adapt or die. I sold my entire holding of ET at a steep loss (cost basis was around $14 a share).

It was only paying out around $4800 a year after the dividend cut. So I took the newly created room (plus some from buying back my NVDA Jan $250 put) to sell $5500 worth of Nio puts due next month. If NIO drops I'll step down trade them.

It sucks to leave that much $ on the table but ET has just as much chance fo becoming a penny stock as ever reaching $10 again imo. I'll get a nice tax break next year.

 

[Train]

Ford spiked over 10%, sold my current holdings for a 30% gain
Still down all-time with Ford though
Might buy back in if it drops back to $10 or so

 

[FelixDeCat]

Ford spiked over 10%, sold my current holdings for a 30% gain
Still down all-time with Ford though
Might buy back in if it drops back to $10 or so

I was watching that. F has been lagging relative to GM. Probably a catch up trade.

I wonder if F & GM double in 2021 as they transform into EV cos....

Due to legacy issues such as entrenched beuacracy and stupid unions I think it will continue to be a drag. But if revs start to skyrocket.......hmmmm.