The Official Stock Market Thread

[NYBBFAN]

Originally Posted by jcardstore

Everytime we hit a new ATH I think about the guy who went all cash at the bottom

I don't think about him at all.

[blackandgold]

Originally Posted by finfangfan

Microsoft up 8% after hours! When’s the last time that one spiked that much in a day?

Should he a nice day tomorrow after a pretty lousy week so far in my trading account.

Meta!

[finfangfan]

Bit of a bloodbath!

[mtr]

Originally Posted by finfangfan

Bit of a bloodbath!

Jobs report was a disaster.

[Boo]

Yep bloodbath, down a 1.5%

[jcardstore]

How will we ever recover from this crash??????

[oldgoldy97]

So does everyone only invest in the S&P?

[Siberian13]

Originally Posted by oldgoldy97

So does everyone only invest in the S&P?

Nah I put $5k into Bitcoin

[jcardstore]

Originally Posted by oldgoldy97

So does everyone only invest in the S&P?

Here is my portfolio. Ranked by position size from largest to smallest.



MSFT is a huge percentage of my port just due to growth - ~17% and DOCU, the smallest is about 2.5%

[patchgenie]

I bought EQ. they are doing a "crypto treasury strategy", but this should get pumped if they pick one of these diarrheacoins in Q3, which they'll sell stock after the pump. they only have 11.5 mil in cash and will last til Q425.

EQ504 could be similar to ABVX's lead drug potentially that skyrocketed. co could burst into flames and go bankrupt. I only bought 3000 shares, so we'll see how this goes.

[finfangfan]

I bought the FIG dip. Small position at $91.05 in premarket.

[oldgoldy97]

Palantir to the MOON!

[patchgenie]

MDGL, I think can be the next VRNA. competition is not that high. should be a billion dollar drug soon. plenty of clean air on this track.

[Blazed]

Originally Posted by KhalDrogo

Just stopping in to say LOL.

When are you coming back so we can get something other than "the market went up/down today" and bad entries?

[oldgoldy97]

Originally Posted by Blazed

226 - 257 would be a good entry to catch a bounce✅

Trading is easy, just have to have patience and have a plan

Ok, then. Where do you see United Healthcare bouncing?

[Blazed]

Originally Posted by oldgoldy97

Ok, then. Where do you see United Healthcare bouncing?

The same as in that post, 226 - 257

226 is the 200ma on monthly

234 was also a good area to bounce as that's been previous support back in 2019 when it was in that price range

257 was a previous recent support area as well, which it bounced there

Best entry is at a key moving avg or close to it, in this case 200ma or 226

Starter position @ a support area (257 or 234) if you don't want to completely miss the trade, and add full position @ key ma or close to it (226) then hold your position long term 1+ years (unless more bad news comes out or you're satisfied with the gains and exit full position)

I don't follow UNH so no idea how it moves or why it dropped other than the fraud headline, but even without following it the charts and technicals all work the same way that's why the range was and still is 226 - 257

[finfangfan]

AI tanking premarket.

[Super32]

Nice pick!

Up 100% today!

Originally Posted by patchgenie

I bought EQ. they are doing a "crypto treasury strategy", but this should get pumped if they pick one of these diarrheacoins in Q3, which they'll sell stock after the pump. they only have 11.5 mil in cash and will last til Q425.

EQ504 could be similar to ABVX's lead drug potentially that skyrocketed. co could burst into flames and go bankrupt. I only bought 3000 shares, so we'll see how this goes.

[finfangfan]

I’m going to get back into CAVA tomorrow. HUGE dip after hours.

[finfangfan]

Ended up picking up some CAVA at $64.50 in premarket.

[blackandgold]

DFDV up almost 25% in premarket!

[finfangfan]

Originally Posted by finfangfan

Ended up picking up some CAVA at $64.50 in premarket.

Already sold out at $70.13. So got some free CAVA meals out of the quick bounce.

[blackandgold]

Originally Posted by finfangfan

Already sold out at $70.13. So got some free CAVA meals out of the quick bounce.

Nice!

[finfangfan]

Another amazing day overall. I reallocated my 401k again to protect some of the recent gains.

Not sure what to do with PLTR in my taxable account. I’m hesitant to touch it because I don’t want the tax hit, but it seems like a stock that is soaring under current administration that could easily tank during midterms if things swing.

[KhalDrogo]

Originally Posted by Blazed

When are you coming back so we can get something other than "the market went up/down today" and bad entries?

I feel pretty confident we’re in the middle of the bull of all bull markets right now. This is easily the most hated bull of all-time. You have half the country who hates Trump so much that they’d rather financially handicap themselves than admit he’s right by allocating more to the markets. There’s certainly enthusiasm to be found. But it’s not runaway enthusiasm we see near tops. The daily RSI on the SPX is below 70 and hasn’t hit 80 in over a year. It’s unbelievable. Whenever this pullback comes, I am ready.

I’ve built positions across all accounts in FETH and HOOD since the beginning of July. Otherwise it’s status quo. I did move my buy targets to 7% down off the recent high or my last sale as 10% was costing me opportunity given how quickly sell-offs are turned around.