The Official Stock Market Thread - Page 137

Cheken · 05-09-2022, 01:12 PM

Quote:

Originally Posted by Blazed

Options/stock trader full time - I did the workaholic thing too for way too long.
But I'm never too busy to manage my own money lol.

I took a year to learn everything about the market I could. First 6 months blew an account and took some losses, but once you get the techs down and learn what to watch, you can make it.

very nice - how's the stress level doing that?

NYBBFAN · 05-09-2022, 01:18 PM

Quote:

Originally Posted by xbignick

Ewww.

It’s a matter of trading vs investing.

k13 · 05-09-2022, 01:24 PM

Quote:

Originally Posted by NeedChapmans

The market losses are the market losses ... can't make money forever.

But when coupled with rising inflation; we're getting dangerously close to a generational wipeout of wealth for those at retirement age.

Excellent credit mortgage rate at 5.5% today; average rate closer to 6.125%. This has to stop ASAP.

People at retirement should not be exposed to risks.
With rates getting higher and higher they can have income like the good ole days.

Rates need to go higher and people need to be taught a lesson.

k13 · 05-09-2022, 01:26 PM

Rates go down = assets go up
Rates go up = assets go down

Don't make it anymore complicated.

NeedChapmans · 05-09-2022, 01:30 PM

Quote:

Originally Posted by k13

People at retirement should not be exposed to risks.
With rates getting higher and higher they can have income like the good ole days.

Rates need to go higher and people need to be taught a lesson.

By the time rates get high; there will be little left.

And the lesson you believe needs to be taugh, in fact, needs to be taught. But it needs to be taught to the young and to those able to understand it. This group is not that; nothing will be gained.

xbignick · 05-09-2022, 02:53 PM

What do we win if our pick hits 0

Blazed · 05-09-2022, 02:55 PM

.............

NeedChapmans · 05-09-2022, 03:07 PM

Quote:

Originally Posted by xbignick

What do we win if our pick hits 0

I know I've already won tickets to a spring game next year, business class flight to and from TB and what ... about $250 each inning in food yes?

Blazed · 05-09-2022, 03:09 PM

.............

NeedChapmans · 05-09-2022, 03:20 PM

Upstart and Novavax off to a good post-Monday trade.

Yeesh.

pcptrade · 05-09-2022, 05:17 PM

I am using the profits from sports cards to buy stocks in my brokerage account. I initiated a small position in AAPL, GOOGL, AMZN, FB, PYPL, SHOP, ABNB, COIN, UPST, DOCN, SNOW in my brokerage account and reentered targeted funds in my 401K in the past few days. I still believe indices will drop another 5-10% and maybe more. I am planning to add (value average) more GOOGL, AMZN, FB and AAPL in my brokerage account on further price drops. I am also looking at ETH, ADA and MATIC. I might speculate (small amount of money) on them if they drop another 25-50%

xbignick · 05-09-2022, 06:15 PM

Quote:

Originally Posted by NeedChapmans

I know I've already won tickets to a spring game next year, business class flight to and from TB and what ... about $250 each inning in food yes?

Sitting in the owner's box at this rate, but not sure the $6 left in my account will cover it.

imbluestreak23 · 05-09-2022, 06:42 PM

401K down 13.8%. Again, tempted to hault contributions. Don't think we have seen the nadir. Can always restart and increase contributions on the upswing, whenever that is.

I'm a novice in this area but it seems like from my amateur position that we have more suffering to endure.

NeedChapmans · 05-09-2022, 07:03 PM

Quote:

Originally Posted by imbluestreak23

401K down 13.8%. Again, tempted to hault contributions. Don't think we have seen the nadir. Can always restart and increase contributions on the upswing, whenever that is.

I'm a novice in this area but it seems like from my amateur position that we have more suffering to endure.

I win, I'm worse!

(And this is 100% vanilla)

GeechQuest · 05-09-2022, 07:23 PM

Quote:

Originally Posted by imbluestreak23

401K down 13.8%. Again, tempted to hault contributions. Don't think we have seen the nadir. Can always restart and increase contributions on the upswing, whenever that is.

I'm a novice in this area but it seems like from my amateur position that we have more suffering to endure.

I didn’t contribute to my 401K out of fear from 2009-2014. Biggest mistake I’ve ever made financially.

finfangfan · 05-09-2022, 07:41 PM

Yeah… I would also recommend that you DO NOT stop biweekly contributions to 401k. You are still getting the tax benefit from contributing and are accumulating more on the dip. Especially if you are young. I look at my nephews and they should be ecstatic the market is tanking even tho in the short term it is admittedly tough to endure.

KhalDrogo · 05-09-2022, 08:06 PM

Why would you stop contributing? Always contribute the max in a tax deferred account.

$20,500 max for 2022
32% tax bracket
$6560 in tax savings
47% ROI before accounting for any appreciation/depreciation

Josh611 · 05-09-2022, 09:13 PM

It’s incredible how many people don’t contribute at least what their employer will match.

nman84 · 05-09-2022, 11:49 PM

This year I was finally able to max out 457b, in addition to my 403b. Both accounts are in the toilet YTD but I’ll gladly take the tax savings, it’s about the only thing working for me haha

mrchipz · 05-10-2022, 12:12 AM

Quote:

Originally Posted by NeedChapmans

I win, I'm worse!

(And this is 100% vanilla)

I have both of you beat sadly.

Down 34% in the past 7 months!!

Been losing about 5-10k a day for the past 2 weeks most of the time.

I stopped the bleeding and went to some bonds and cash and re balanced today.

I still think the market has a lot more room to go down and most likely keeps going down til December.

After the big sell offs multiple times last week i thought we would start this week off good. After i seen today i think its about to be a free fall all week and month.

Inflation, many more rate increases, even many companies posted great q1 earnings and they drop 10-30% off of a GOOD earning report.

Incredible how that much value can just be wiped out so fast.

finfangfan · 05-10-2022, 06:20 AM

PTON dropping below $12 premarket.

NeedChapmans · 05-10-2022, 06:46 AM

Quote:

Originally Posted by finfangfan

PTON dropping below $12 premarket.

$10.20 right now. Likely will be under $10 at open.

There's nothing left.

pcptrade · 05-10-2022, 07:30 AM

Upstart: From a high of $400 in October to $34 in premarket. Ouch! That is almost a 90% haircut from the highs. The IPO price was 20, so I would not be surprised if it drops to low 20's. I added a few shares here (speculative play)

xbignick · 05-10-2022, 08:53 AM

Still the best.

pcptrade · 05-10-2022, 09:08 AM

Quote:

Originally Posted by xbignick

Still the best.

05-09-2022, 02:53 PM	#3406
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,304 xxbignick	What do we win if our pick hits 0 __________________ @xxbignick on twitter

05-09-2022, 02:55 PM	#3407
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 2,978 Blazed Blazed	............. Last edited by Blazed; 03-30-2023 at 01:35 PM.

05-09-2022, 03:09 PM	#3409
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 2,978 Blazed Blazed	............. Last edited by Blazed; 03-30-2023 at 01:35 PM.

05-09-2022, 03:20 PM	#3410
NeedChapmans Member Join Date: Aug 2012 Location: Connecticut Posts: 31,800 ProspectCincy NeedChapmans	Upstart and Novavax off to a good post-Monday trade. Yeesh. __________________ It is my legal right to freely profit from the notoriety of people who are actively suffering and possibly even dying and for a few hundred dollars I will gladly seek to maximize those profits.

05-09-2022, 05:17 PM	#3411
pcptrade Member Join Date: Jun 2018 Posts: 7,630	I am using the profits from sports cards to buy stocks in my brokerage account. I initiated a small position in AAPL, GOOGL, AMZN, FB, PYPL, SHOP, ABNB, COIN, UPST, DOCN, SNOW in my brokerage account and reentered targeted funds in my 401K in the past few days. I still believe indices will drop another 5-10% and maybe more. I am planning to add (value average) more GOOGL, AMZN, FB and AAPL in my brokerage account on further price drops. I am also looking at ETH, ADA and MATIC. I might speculate (small amount of money) on them if they drop another 25-50% __________________ Jealousy is a form of hatred built on Insecurity. It's the unhappy and insecure people who show hatred, jealousy and try to bring others down. Instagram:icollector23, Flickr:https://www.flickr.com/photos/144335251@N08/albums

05-09-2022, 01:26 PM	#3404
k13 Banned Join Date: Jan 2014 Posts: 12,617	Rates go down = assets go up Rates go up = assets go down Don't make it anymore complicated.

05-09-2022, 06:42 PM	#3413
imbluestreak23 Member Join Date: Mar 2012 Location: Meandering the matrix code that the hobby/forum overlords spit out Posts: 17,530 shortslabs	401K down 13.8%. Again, tempted to hault contributions. Don't think we have seen the nadir. Can always restart and increase contributions on the upswing, whenever that is. I'm a novice in this area but it seems like from my amateur position that we have more suffering to endure. __________________ @shortslabs I'VE WITNESSED HOW THE SAUSAGE IS MADE HERE...IT'S ROTTEN https://www.youtube.com/c/TylerShort

05-09-2022, 07:41 PM	#3416
finfangfan Member Join Date: Oct 2013 Posts: 10,574	Yeah… I would also recommend that you DO NOT stop biweekly contributions to 401k. You are still getting the tax benefit from contributing and are accumulating more on the dip. Especially if you are young. I look at my nephews and they should be ecstatic the market is tanking even tho in the short term it is admittedly tough to endure.

05-09-2022, 08:06 PM	#3417
KhalDrogo Member Join Date: Aug 2017 Posts: 41,076	Why would you stop contributing? Always contribute the max in a tax deferred account. $20,500 max for 2022 32% tax bracket $6560 in tax savings 47% ROI before accounting for any appreciation/depreciation __________________ I love PSA!

05-09-2022, 09:13 PM	#3418
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 9,989	It’s incredible how many people don’t contribute at least what their employer will match. __________________

05-09-2022, 11:49 PM	#3419
nman84 Member Join Date: Dec 2013 Posts: 774	This year I was finally able to max out 457b, in addition to my 403b. Both accounts are in the toilet YTD but I’ll gladly take the tax savings, it’s about the only thing working for me haha

05-10-2022, 06:20 AM	#3421
finfangfan Member Join Date: Oct 2013 Posts: 10,574	PTON dropping below $12 premarket.

05-10-2022, 07:30 AM	#3423
pcptrade Member Join Date: Jun 2018 Posts: 7,630	Upstart: From a high of $400 in October to $34 in premarket. Ouch! That is almost a 90% haircut from the highs. The IPO price was 20, so I would not be surprised if it drops to low 20's. I added a few shares here (speculative play) __________________ Jealousy is a form of hatred built on Insecurity. It's the unhappy and insecure people who show hatred, jealousy and try to bring others down. Instagram:icollector23, Flickr:https://www.flickr.com/photos/144335251@N08/albums

05-10-2022, 08:53 AM	#3424
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,304 xxbignick	Still the best. __________________ @xxbignick on twitter