The Official Stock Market Thread - Page 106

finfangfan · 11-30-2021, 09:59 AM

Quote:

Originally Posted by monkeymcgee

I took advantage of the relief rally yesterday to get out of my remaining individual stocks. I'm all ETF and indexes until I feel more confident in the path forward.

I’m still staying the coarse with my individual stocks, but I did just schedule a Teams meeting for this afternoon to go over my 401k allocation with the rep.

finfangfan · 11-30-2021, 11:51 AM

I was actually having a solid morning until Powell spoke.

NeedChapmans · 11-30-2021, 11:56 AM

Quote:

Originally Posted by finfangfan

I was actually having a solid morning until Powell spoke.

And he's gonna get to talk so many more times!

monkeymcgee · 11-30-2021, 11:57 AM

Quote:

Originally Posted by finfangfan

I was actually having a solid morning until Powell spoke.

Yeah...that's kind of what I mean, there are so many plates being juggled right now (in terms of major influences on the market) and any time one starts to wobble there's a huge overreaction. I'll still get beat up with the indexes and ETFs, but it lessens the pain quite a bit.

mhcubsfan · 11-30-2021, 06:22 PM

Quote:

Originally Posted by monkeymcgee

Yeah...that's kind of what I mean, there are so many plates being juggled right now (in terms of major influences on the market) and any time one starts to wobble there's a huge overreaction. I'll still get beat up with the indexes and ETFs, but it lessens the pain quite a bit.

Couldn't agree more, I slowly transition to all etfs and FAAMG stocks. Just sticking with some dividend growth, tech, and healthcare etfs.

babyfaceposey · 11-30-2021, 06:29 PM

Quote:

Originally Posted by babyfaceposey

Have 90k sitting on the side lines currently. Waiting for 20% correction.

Still holding.

JMarchand1981 · 11-30-2021, 08:33 PM

Quote:

Originally Posted by babyfaceposey

Still holding.

You said that on 9/20.

The 500 is up 4.8% since then. Had you looked yesterday? The 500 was up 6.8% since then. This being said, if you have a $5m portfolio, $90k is a mere pittance of your net worth and you are being prudent.

If you have anything less than a net worth of $1.8m, it is more than 5% of your net worth....that you are choosing to lose money on.

Cash is and has always been a real position. I completely agree with being patient and waiting for opportunities. Timing the market, however, has proven over time to be a terrible position. There is a difference between the two.

I will be interested to follow this. To see how much in gains you gave back prior to the market dipping 20%. Remember, The Fed and market makers don't really want that type of insane volatility.

Divino · 12-01-2021, 03:08 PM

My "fun" growth stock account is getting brutalized this week.

NeedChapmans · 12-01-2021, 03:24 PM

Quote:

Originally Posted by Divino

My "fun" growth stock account is getting brutalized this week.

Something is happening. IDK what it is but there's been an obliteration of paper value the last week or two and today is equally brutal.

monkeymcgee · 12-01-2021, 03:51 PM

Quote:

Originally Posted by NeedChapmans

Something is happening. IDK what it is but there's been an obliteration of paper value the last week or two and today is equally brutal.

People rotating to safety and cashing out a bit before there’s another massive dump. Indexes are not doing so bad, which makes me think there’s a lot of rotation involved.

Probably some opportunistic tax loss harvesting going on as well.

Sent from my iPhone using Tapatalk

finfangfan · 12-01-2021, 05:20 PM

Square is changing its name to Block effective 12/10.

Pacmeyer · 12-01-2021, 11:43 PM

Quote:

Originally Posted by finfangfan

Square is changing its name to Block effective 12/10.

Terrible name change but not nearly as silly as Oath.

Josh611 · 12-02-2021, 09:22 AM

Quote:

Originally Posted by finfangfan

Square is changing its name to Block effective 12/10.

They need to do something, but I don't think the name change is it. That chart looks like a steaming pile of dog doo doo. The multiple is just as bad.

GeechQuest · 12-02-2021, 10:38 AM

Quote:

Originally Posted by JMarchand1981

You said that on 9/20.

The 500 is up 4.8% since then. Had you looked yesterday? The 500 was up 6.8% since then. This being said, if you have a $5m portfolio, $90k is a mere pittance of your net worth and you are being prudent.

If you have anything less than a net worth of $1.8m, it is more than 5% of your net worth....that you are choosing to lose money on.

Cash is and has always been a real position. I completely agree with being patient and waiting for opportunities. Timing the market, however, has proven over time to be a terrible position. There is a difference between the two.

I will be interested to follow this. To see how much in gains you gave back prior to the market dipping 20%. Remember, The Fed and market makers don't really want that type of insane volatility.

Not only is the S&P up since BFP said he’s waiting, his $90K is enough to sell premium with.

I’m too lazy to look back and math, but the losses are greater than just the rise in the S&P.

Get that money to work and start compounding.

Josh611 · 12-02-2021, 10:45 AM

Quote:

Originally Posted by GeechQuest

Not only is the S&P up since BFP said he’s waiting, his $90K is enough to sell premium with.

I’m too lazy to look back and math, but the losses are greater than just the rise in the S&P.

Get that money to work and start compounding.

Not a bad point. Could at least be selling SPY Puts far out.

jjcan · 12-02-2021, 12:20 PM

Question, new to this.

Why would SPY which is up today +~1% vs SWPPX which is down today at -1%. ETF vs a Schwab fund.

Show a variance since they hold the same positions most likely? There top 10 is the same (which makes sense)

Is it just the trading of SPY being more active and that is all?

Josh611 · 12-02-2021, 12:54 PM

Quote:

Originally Posted by jjcan

Question, new to this.

Why would SPY which is up today +~1% vs SWPPX which is down today at -1%. ETF vs a Schwab fund.

Show a variance since they hold the same positions most likely? There top 10 is the same (which makes sense)

Is it just the trading of SPY being more active and that is all?

It's a mutual fund. Doesn't trade until market closes at 4pm

jjcan · 12-02-2021, 01:47 PM

Quote:

Originally Posted by Josh611

It's a mutual fund. Doesn't trade until market closes at 4pm

Awesome. Thanks!

Josh611 · 12-02-2021, 06:10 PM

I like FB as a trade here again. Potential double bottom here.

Went with 12/17 $320/$340 call spread. Think it was like $4

That was a straight flush down from $340.

JMarchand1981 · 12-02-2021, 08:40 PM

Quote:

Originally Posted by GeechQuest

Not only is the S&P up since BFP said he’s waiting, his $90K is enough to sell premium with.

I’m too lazy to look back and math, but the losses are greater than just the rise in the S&P.

Get that money to work and start compounding.

Yeah, technically you can sell naked, so by that metric everyone without level 4 or 5 access is losing if they aren't doing it.

I generally go with a very standard benchmark when arriving at opportunity cost.

This said, our sentiment is exactly the same. That money on the sidelines has less purchasing power now than it did on 9/20.

sportsfan12345 · 12-03-2021, 09:17 AM

How do you hold options through the volatility. I bought a baba put yesterday and almost immediately sold when I found myself down a couple hundred. Meanwhile, if I would’ve held one more day, I’d be up several hundred. How do you guys do it? Not check as much?

sportsfan12345 · 12-03-2021, 09:19 AM

Quote:

Originally Posted by sportsfan12345

How do you hold options through the volatility. I bought a baba put yesterday and almost immediately sold when I found myself down a couple hundred. Meanwhile, if I would’ve held one more day, I’d be up several hundred. How do you guys do it? Not check as much?

P.S. I’m still semi-new to all this. Been invested into the market for about a year or so. Have a good amount in, but several hundred is still a lot at this point.

monkeymcgee · 12-03-2021, 09:34 AM

Quote:

Originally Posted by sportsfan12345

P.S. I’m still semi-new to all this. Been invested into the market for about a year or so. Have a good amount in, but several hundred is still a lot at this point.

No offense, but I would say options are not for you. Which is fine.

Sent from my iPhone using Tapatalk

jcardstore · 12-03-2021, 09:43 AM

Quote:

Originally Posted by sportsfan12345

How do you hold options through the volatility. I bought a baba put yesterday and almost immediately sold when I found myself down a couple hundred. Meanwhile, if I would’ve held one more day, I’d be up several hundred. How do you guys do it? Not check as much?

Have a plan. Based on this it doesn't seem like you had any plan or any idea what to do with the position.

If several hundred is a lot to you and it causes you to sell immediately without letting it play out your position sizing is wrong.

Start with a thesis or plan or strategy, or whatever you want to call it... and execute on it. As you win or lose and learn you can change your process over time and eventually find your niche.

I would not suggest just randomly buying short dated options and hope you win because that's a great way to blow up your account

monkeymcgee · 12-03-2021, 10:19 AM

Quote:

Originally Posted by jcardstore

Have a plan. Based on this it doesn't seem like you had any plan or any idea what to do with the position.

If several hundred is a lot to you and it causes you to sell immediately without letting it play out your position sizing is wrong.

Start with a thesis or plan or strategy, or whatever you want to call it... and execute on it. As you win or lose and learn you can change your process over time and eventually find your niche.

I would not suggest just randomly buying short dated options and hope you win because that's a great way to blow up your account

Great answer.

I would add that this is super hard mode for options with the elevated IV and general market uncertainty. I’ve not touched them since Labor Day and I’ve traded options for a few years. Just too easy right now to guess right on timing and direction, but still lose money.

Sent from my iPhone using Tapatalk

12-02-2021, 06:10 PM	#2644
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 10,036	I like FB as a trade here again. Potential double bottom here. Went with 12/17 $320/$340 call spread. Think it was like $4 That was a straight flush down from $340. __________________

11-30-2021, 11:51 AM	#2627
finfangfan Member Join Date: Oct 2013 Posts: 11,244	I was actually having a solid morning until Powell spoke.

12-01-2021, 03:08 PM	#2633
Divino Member Join Date: Mar 2009 Location: Racine, WI Posts: 7,705 divino	My "fun" growth stock account is getting brutalized this week.

12-01-2021, 05:20 PM	#2636
finfangfan Member Join Date: Oct 2013 Posts: 11,244	Square is changing its name to Block effective 12/10.

12-02-2021, 12:20 PM	#2641
jjcan Member Join Date: Apr 2011 Posts: 1,330	Question, new to this. Why would SPY which is up today +~1% vs SWPPX which is down today at -1%. ETF vs a Schwab fund. Show a variance since they hold the same positions most likely? There top 10 is the same (which makes sense) Is it just the trading of SPY being more active and that is all?

12-03-2021, 09:17 AM	#2646
sportsfan12345 Member Join Date: Oct 2011 Posts: 5,087	How do you hold options through the volatility. I bought a baba put yesterday and almost immediately sold when I found myself down a couple hundred. Meanwhile, if I would’ve held one more day, I’d be up several hundred. How do you guys do it? Not check as much?