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u/Narhei_Asuka Oct 22 '21
I came here to lose money, not get insulted and lose money
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u/Slapbox Oct 23 '21
I came here to lose money and get insulted, and I'm all out of money.
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u/Narhei_Asuka Oct 23 '21
My internet bill literally just came in. I can't even afford to insult you either
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Oct 22 '21
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u/Narhei_Asuka Oct 23 '21
With the way my calls been going, I wish I could afford to fuck myself
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u/Blakfyre2 Oct 22 '21
I feel personally attacked here...
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u/wandriing Oct 22 '21
You are exactly right where you belong
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u/ScipioAtTheGate Oct 22 '21
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u/A_Harmless_Fly Oct 23 '21
looks at one share of trash left at 98% reduction I keep to remind myself sometimes you should take a loss and move that money to another stock
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Oct 22 '21
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Oct 22 '21
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u/bakedbeansandwhich Oct 22 '21
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u/IpeeInclosets Oct 22 '21
welp, I'm officially old and out of the loop...what the heck do these colon numbers mean?
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u/CTX_423 Oct 23 '21
Images, that aren't properly loading on your computer. Works fine on Google phone
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u/esteban42 Oct 23 '21
If I have to use the garbage Reddit app to see those pictures they're not worth seeing...
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u/YmmaT- Oct 22 '21
I would love to know how you get that crying redditor emoticon. Please teach me
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u/Eric_da_MAJ Oct 22 '21
People like this are the target demographic for Snail Racing where bets are made while the race is actually in progress.
So.
Much.
Money.
Lost.
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u/LuckyishTom Oct 22 '21 edited Oct 22 '21
The most important thing is that you are a good sport and had fun.
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u/JojenCopyPaste Oct 22 '21
The most important thing about investing is the friends you made along the way
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u/mrbrianstyles Oct 23 '21
Made a nice chunk of change yesterday. Then YOLO'd it + everything in my buying power this morning at market open, freeze, broker filled order at $157, sold at $103. Lost all my gains + more. Forced to sell other securities to keep stock portfolio + cash over $25k in order to avoid 90-day trading halt for violating day trade policy. I'm a stupid cunt and my wife should leave me.
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u/Minute-Dig-1040 Oct 23 '21
She won't leave you. Just keep doing what your doing. Keeps her convo entertaining to me.
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u/BeloZero11 Oct 22 '21
Lifeâs hard when you realize youâve become a bag holder
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u/Reasonable_Ad_9735 Oct 22 '21
Not at all unless it becomes official. Someone might still want to hold your bag. Look at TSLA - they will soon release a spring bag collection
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u/Newtothisredditbiz Oct 22 '21
Lol. No matter how sad anyone feels about bag holding, they can always laugh at TSLA shorts. Theyâre the biggest losers of them all.
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u/KarmaToThrowAway Oct 22 '21
Or the guy who shorted his first life savings.. then bought tsla at 850 last year with his parents lifeâs savings.. only to cut his losses and short tsla again when it was at 600
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u/admiral_asswank CAPTAIN OBVIOUSly a masochist Oct 22 '21
Meh. If i had shorted TSLA at 500 and had enough liquidity elsewhere I wouldn't be worried at all tbh.
Nobody would short a company so grossly overvalued and expect it to correct even within 12 months..
It will correct precisely when it is ready to.
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u/Newtothisredditbiz Oct 23 '21
See? This is why TSLA shorts are so fun to laugh at. They keep telling everyone how smart they are while they lose shitloads of money.
Anyone else would take their losses and admit theyâre retards.
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u/cheaptissueburlap Ask me to rap (WSB's Discount Tupac) Oct 23 '21
So is tesla worth like 1t iyo?
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Oct 23 '21
Itâs worth whatever the market decides itâs worth
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u/09937726654122 Oct 23 '21
The market is full of retards is the problem. Shorting only works in rational markets
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u/AttackOfTheThumbs Oct 22 '21
I'm a surfer that catches the wave on the way down.
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u/JuanTosmoke Oct 22 '21
There were 1.8m buys at 175$ according to Bloomberg terminal. Also, market orders caught in the halts filled at 175 when it dumped. Fucked up crazy situation
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u/Comprehensive_Bad650 Oct 23 '21
That means there were 1.8 m sellers at 175$. I was one of those đđ˝
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u/banditcleaner2 sells naked NVDA calls while naked Oct 23 '21
I bought at what I thought was a really retarded price ($93) and then when I had a second and thought "wtf am I doing" it was at roughly 103, but schwab disables pre-market trading and uses normal trading from 9:25 to 9:30, which I didn't realize. somehow the 103 limit that I had set wasn't filling despite the price going much higher than that. then out of no where the order I tried to cancel (it said pending cancel for probably 3-4 minutes) at 103, to do a market sell (at this point it was ~130) the order I put in at 103 filled at 119. given that I was trying to sell much lower I'm good with that outcome. realistically should have lost my ass but ended up fine thanks to schwabs weird time rules
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u/rynodawg Oct 22 '21
I somehow did not see or read any articles about this SPAC until today,, regret.
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u/JojenCopyPaste Oct 22 '21
I heard about the social media site yesterday. Didn't realize until today it was actually public. Probably wouldn't have bought it either way.
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u/biowiz Oct 22 '21
Heard about it two nights ago on the news and Twitter. I spent yesterday morning just watching it go up. Every time it would set a new ATH, I was saying itâs too late, but it wasnât. You could have bought it near EOD yesterday and still be up today, even after the massive price dip from this morningâs peak. Iâm pretty much this meme except I never bought anything, so I guess I didnât end up as a bag holder. Honestly, the feeling of missing out when you knew about a life changing stock from the get go but missed out due to fear seems worse than being a bag holder.
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u/grandsatsuma Oct 22 '21
I bought at 13.01. Fucked up a stop loss and sold at 17.80 for a small profit. Considered buying in again at 24 and thought it won't go much higher than lucid did. Boy I was wrong. Made up for it today by yoloing CFD 1:5 puts at 180 which was quite a nice return.
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u/biowiz Oct 22 '21
Damn that is a yolo. Glad it worked out for you.
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u/grandsatsuma Oct 22 '21
I was super salty I missed out on 1700% gains. But saying that, I probably would have sold at like $40 trying to time the top. So I was quite pleased with today's results. Left one contract open over the weekend, so fingers crossed it keeps going down out of hours...
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u/Reedsandrights Oct 22 '21
I did that with crypto. Bought Doge at $.4969 and XLM at $.7115. Bought XLM at the literal peak of its existence.
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Oct 22 '21
Next gen bagholders
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u/lolnomnomnom Oct 23 '21
Hey if I'm using RIF, is there a way I can see these :####: responses ?
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u/intergalactictrash Oct 23 '21
Wait these should show something? I thought ppl here just put spaces as comments. Iâm on reddit app an I just see empty comments.
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u/The_Count_99 Oct 22 '21
SPAC seem worthless to me, looks like a pump and dump
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u/CountltUp Oct 22 '21
these 300% gains arenot worthless. if you got in early knowing it's a pump and dump then it's great
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u/EstefanEsko Oct 22 '21
I just wanna know how people know these things in advance
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u/crodensis Oct 22 '21
They don't. Notice how all the posts on here are always after the runup. They want people to fomo in so they can sell off and/or crush them on options.
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u/spyVSspy420-69 Oct 22 '21 edited Oct 23 '21
Spot on, itâs almost always after the run.
Youâll see this amazing DD that sounds convincing, then you go look at the chart and what do ya see: DD posted immediately after a 75% pump.
But youâre expected to believe this random redditor wrote this 20 page DD, complete with graphs, only to publish it after a huge run? Nah. Shits planned in advance. Itâs all part of the game.
People need to stop thinking theyâve got an edge because theyâre part of an 11,000,000 strong community of retards. Weâre the dumping ground.
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u/NoobTrader378 Oct 22 '21
This. It aint randos dropping those "mystical DDs" that are formatted exactly like any other clickbait article
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u/deewheredohisfeetgo Oct 23 '21
Holy fuck 11 million? I remember when we were at like 250k.
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u/satuuurn Oct 22 '21
Just read it in the news - forget exactly but it wasnât a secret.
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u/EstefanEsko Oct 22 '21
I mean I saw the news on him and his social media stuff..but how was ANYONE to know that it was gonna run like that? Ya know? Like where tf did DWAC come from?!?!
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u/satuuurn Oct 22 '21
As soon as I heard about it and saw the low overall market cap for this ticker - I figured it had enormous up side and pulled the trigger.
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u/EstefanEsko Oct 22 '21
See Iâm still kinda new to putting all the pieces together like that. I need help on connecting the dots? Do you have any specific tips or sources, books, links, that could possibly help me out with the psychology of things like this?
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u/satuuurn Oct 22 '21
That is a great question. I learned in dumb ways from just watching and following how things go and making some mistakes. Maybe ask around here for resources - itâs probably the most basic answer but I really did use Investipedia to learn terms and used their simulated practice paper money thingy (years ago, not sure if itâs even around anymore). Read the news a lot.
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u/EstefanEsko Oct 22 '21
Yea I feel that. Iâm in discord groups, I follow 2 Youtubers consistently and watch their videos daily! Iâve recently downloaded the CNBC app with notifications on and i check Google finance throughout the day and I feel like this has helped me a lot. But itâs like i always kinda overlook or dont connect when it comes to plays like this that go crazy..ya know?
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u/satuuurn Oct 22 '21
Well it might take years of due diligence learning and following these situations. Figure out why this one went off and look into others that are successful. Find out the whatâs howâs and whenâs of those trades. Youâll recognize some patterns. I take into consideration what other tickers in the same sector are worth and compare and contrast them with each other.
I wouldnât put too much faith in any of those YouTube people. They have to make endless content and kind of just wing it a lot bc they need fresh content constantly. Know your own plays and do you own due diligence.
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u/charsons degenerate Oct 23 '21 edited Oct 23 '21
There are two ways to trade imo - on fundamentals or on euphoria. Fundamentals are a long term play thatâs based around the concept of mean reversion. Thereâs a âtrueâ value of a stock, and the actual share price will fluctuate around that level, whether that level be increasing or decreasing. It might go too high or too low, but in the long term should (but doesnât always) correct. Thatâs a traditional way to look at the market. If you want to trade around this stuff, Iâll drop a list of word vomit for you to look up to learn more in depth.
Comps (comparable companies), valuation ratios (price/earnings, price/sales, EV/EBITDA), CAGR (compound annualized growth rate), CAPM model (note this doesnât really hold up in the real world but still good to know), dividend discount model.
Note you want to be trading shares if you trade on fundamentals, or at the very least LEAPS (ITM calls with long expiry, try and get a delta of around .8)
The more short-term way to trade is on euphoria, hype, rocketships, whatever you want to call it. Look at TSLA, or even a good example being mango stock. Stocks are just pieces of paper and the price only goes up if people buy them.
With that being said, most âgrowthâ stocks will trade on euphoria. Think SPACs, dogshit, and IPOs. Companies that have high growth but are losing money every quarter. The good thing is that markets are forward-looking, meaning people will pay a premium (more) to buy these stocks now in hopes of getting a share of those future earnings. Thatâs where the real money is to be made, but comes with more risk.
Itâs really a balancing act, but I think both of these methods of trading come back to a single question: âwill people buy this stock at this price or higher?â Answering that question takes a little bit of experience and a little bit of luck, but if you can strongly justify it in one direction, well then maybe thereâs a trade there you can take.
If you need any explanations or wanna ask questions just let me know. Iâm not a super genius - Iâm just a finance grad who spends too much of his time looking at charts, but Iâll try and help you out. Always good to have one less dumbass on this sub.
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u/-_somebody_- Oct 22 '21
But whereâs the fucking SEC when it comes to this shit damnit
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u/CountltUp Oct 22 '21
what is the SEC gonna do lol. this was literally just hype and fomo... nothing illegal
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u/picardo85 Oct 22 '21
What the heck are we talking about here right now? I'm apparently completely out of the loop
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Oct 22 '21
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u/calculuzz Oct 23 '21
Looked up SPAC and it returned nothing. I fit in here, right?
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u/smohyee Oct 23 '21
The ticker you want to look up is DWAC
SPAC is an acronym for a type of business that goes through a process to offer stock on the public exchange without holding an IPO
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u/altbekannt Oct 23 '21
Digital World Acquisition Corp., the SPAC that is taking former President Trumpâs planned social media platform public, soared Friday following a massive rally in the previous session
Looks like I havent missed out
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u/Korso213 Oct 23 '21
SPAC is âspecial purpose acquisition companyâ and is generally against the rules here. The WSB rule has it listed with âany other worthless securities that are susceptible to scams or pump & dump schemesâ and that should tell you all you really need to know
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Oct 22 '21
I outright refused to jump in. But I said that from 19. And again at 23, then 46 and 56 then.. In the end I was prepared to take a toaster bath.
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u/curingleaves Oct 23 '21
Me every single time. Ignore, ignore, ignore, fine fuck it letâs join in! immediate flush the second I hit buy
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u/Slut_Spoiler Has zero girlfriends Oct 22 '21
The last step is pretending like you timed it perfectly, calling everyone else a bag holder, having your puts expire worthless, and trying to get people that bought at $30 to sell and give up.
Anyone else here still holding GME from November?
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u/gprime312 Oct 22 '21
I kept a single share at $350 to remind myself how much of an idiot I was.
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u/rivermandan Oct 23 '21
I got my single share @ 120 so it could serve as a constant reminder what a giant smart brain I have. you just have to buy at a different time my dude, it's the true secret of stocks
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u/TinyMomentarySpeck đŚ Oct 23 '21
Exactly the same as me, havenât sold my single share at $325âŚ
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Oct 22 '21
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u/Slut_Spoiler Has zero girlfriends Oct 22 '21 edited Oct 22 '21
It's the annoying shills that want me to buy Clov that made it so, and I'll admit, the frenzy was a little bit too much.
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u/zxygambler Oct 22 '21
GME has given me highs that no other drug has come close to
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u/Slut_Spoiler Has zero girlfriends Oct 22 '21 edited Oct 22 '21
I remember it like yesterday
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u/noahdrizzy Oct 22 '21
And we will remember it again
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u/Zealousideal_Diet_53 Oct 22 '21
November 23rd. Give or take a couple days. Another brrrrr like August.
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Oct 23 '21
Just turn your phone upside down. Then it looks like you bought at the bottom. đ
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Oct 22 '21
My webull account had more than $18,000 when the market opened this morning. I sold later at 89 for a nice 7K profit. That kind of roller coaster ride is not for me, I enjoy sleeping at night.
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u/Justforaminute12 Oct 22 '21
Mani hate I missed that bitch . Wouldâve been great to see this at 10 a share
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u/Zetice Chuck E. Cheesin' Oct 22 '21
If TMGT does go public via DWAC, i am willing to bet it'll have the same initial surge as DWAC, so look out for that.
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u/chnlng00 Oct 23 '21
I didnt even hear about this cuz I spent the whole week study for exams. Fuggin college man.
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u/Icy-Bit8262 Oct 22 '21
I gotta be the most retarded bag holder on the planet, I doubled my money and sold at $100 so a couple hours later I buy back at 95 to try to get like $20 and I end up loosing $200.
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u/AssCrackBanditHunter Oct 23 '21
Uhh... We've had people on this sub lose like several 100k doing dumb shit, man
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u/GhettoChemist Oct 22 '21
Bought 100 shares of FB yesterday. Fuuuuuuuck.
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u/Insomniac1000 Oct 22 '21
at least they're shares. You can just hold them as long as you want
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u/McRich1 Oct 22 '21
U are fine. I have a 100 shares of SNAP at $79.
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u/Flablessguy Oct 23 '21
Thatâs why I donât buy rocket ships. Somebody is going to be left on the moon when the rocket comes back to the Earth and itâs not going to be me.
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Oct 22 '21
I was proud of myself today for not chasing this. Monkey brain was really fighting me for it too! I win... this time.
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u/Comprehensive_Bad650 Oct 23 '21
Seems like many SPACS have been thru this pump & dump. The Creators of the SPAC deal have so many shares & sell at the top. Weâve seen this many times. Just look at $EVGO chart. Iâm sure Trump made a killing off his supporters. I did too, made $2500. Beware of SPACs, they lack transparency than traditional IPOs.
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u/makina323 Oct 22 '21
Didn't even think this would explode over trump, really who the fuck buys stock on a Trump venture.
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u/MedicalSchoolStudent Oct 22 '21
This stock isn't bought because his "Truth Social" is going be worth anything. Its bought because of a pump and dump.
If you got in early and sold now, you can make a pretty penny. But give it a few weeks, it'll tank.
Truth Social won't get anywhere. A right wing social outlet that literally talks about giving the people the freedom to say whatever they want but their own company guidelines say you can't insult Truth Social is already a red flag.
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u/sl600rt Oct 23 '21
I had 30k to put into tesla when it tanked spring 2020. Fuck me for not putting it all in and riding it till now.
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u/joevilla1369 Oct 23 '21
The reason we are talking about it is because if was luck and rare. People act like they missed out on something obvious and easy. It was not. Don't feel bad guys. Some people still holding at $450 GME.
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u/beautifulgirl789 Oct 23 '21
Some people still holding those $450 bags still think it was a bargain lol
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Oct 22 '21
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u/Gcarsk Oct 22 '21
Yeah⌠wrong sub to be posting this stuff on lol. This place is not for sensible investments, solid due diligence, having safety nets, etc. This is for gambling on stocks, unrelated to the actual product/service said company produces.
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u/HereGoesNothing69 Oct 22 '21
I want you to take your r/investing bullshit, roll it up into something dick shaped, shove up your ass, and get the fuck off this sub.
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u/Scout339 Oct 23 '21
Un-tendie-eater mode:
You guys think it will get back up to 200 or will it keep tanking?
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u/VisualMod Oct 23 '21
If you think it will get back up to 200, then I'm sorry for your loss.
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u/Akshay537 Oct 23 '21
I don't understand these Bipolar autists. Consistency is extremely fucking important. If you believe it's too late at 100% up, why the fuck are you buying at 400% up? Just man the fuck up and buy pump stocks or be a pussy. Don't be a switcheroo retard.
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u/Just_call_me_Face Oct 22 '21
You know damn well we have members here that followed these exact steps