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ashfiken
TotalCrazyasshole


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27211894 - 02/17/21 08:11 PM (2 years, 11 months ago) |
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I’m pretty sure that in an inflationary environment, commodities and precious metals and things of that nature(BITCOIN!) are known to have a relatively strong and maybe bullish tendency as we have seen physical silver spot rise in the past few years from around 14-16 dollhairs to now around 25? As I last saw reported in this thread iirc... so that is why saavy investors keep a portion of this (avg.5-20%) in their portfolio esp in an inflation heavy economy.. while much of the portfolio is left for the “high risk” take a chance and make some cash against the rampant inflation.. all non-fiat assets love inflation.. stocks are currently profiting from this and in my amateur advice.. so will these other vehicles of hedging:multiplying:risking wealth
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
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ashfiken
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ashfiken]
#27211899 - 02/17/21 08:13 PM (2 years, 11 months ago) |
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The main point here is we are fighting inflation. That is the enemy. Geo has all the secrets to fight it in this genre. Hedge a percentage you feel comfy with, risk what you feel comfy with. It’s all a poker hand that you choose to play how you will
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ashfiken]
#27211906 - 02/17/21 08:19 PM (2 years, 11 months ago) |
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Thanks man, thats helpful, appreciate your perspective
-------------------- Within You , Without You
      
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CHeifM4sterDiezL
Chief Globerts

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Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: Enkidu]
#27212572 - 02/18/21 08:08 AM (2 years, 11 months ago) |
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Sold TLRY already
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Enkidu
"No-Such-Person"


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Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: CHeifM4sterDiezL]
#27212599 - 02/18/21 08:37 AM (2 years, 11 months ago) |
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So what to do in the event of the stock market crashing?
Hypothetically speaking...
-------------------- Within You , Without You
      
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Brian Jones
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Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: Enkidu]
#27212637 - 02/18/21 09:08 AM (2 years, 11 months ago) |
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If you knew when it was going to happen, you would get out before then. But the people who think they do know often miss big gains leaving the market too early. For any other type of investment that offers real growth potential, the same applies.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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ManianFH
living in perverty



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Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: Brian Jones]
#27212712 - 02/18/21 09:52 AM (2 years, 11 months ago) |
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stopped out of MARA, RIOT at open. Wouldnt have mattered how tight I made stop they were crushed to start the day, which is peculiar as the crypto space seems to be doing just fine. I dont know if this is a sign to jump back on the two stocks should they continue to fall, or just to leave it alone as there may be some other factor at play. Bottom line, I should have taken half off the table after yesterdays trading session and as a result of not doing that I am right back where I started.
Acquired BA, CGC, SBUX, TLRY with some low buy orders that had been set last night. All still red, will initiate stops. AAPL, kick in the nuts. But fuck them, I am not letting them recoup all their losses the moment I sell. I will hold this stock right into the dirt. Keeping an eye on NIO
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27212730 - 02/18/21 10:04 AM (2 years, 11 months ago) |
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Quote:
Enkidu said: So what to do in the event of the stock market crashing?
Hypothetically speaking...
If you've been listening to me, you'll have stops on all of your positions, and you will allow those stops to take you out of your positions for tolerable losses*, and then you sit on your hands until market forces stabilize and patterns that you can make sense of begin to manifest. The old adage "don't catch a falling knife" is very relevant, as it is a difficult tendency to resist when the market is in free fall.
*Caveat: On HUGE gap down openings where it's clear all your stops will be triggered, I advocate temporarily removing your stops to see if the market can stabilize after the initial washout during the first 15 minutes of normal trading. Then reset your stops on all positions at that low point where stabilization occurred. This ensures you don't get taken out of positions during the panic selling that comes with big gaps on the open. Yes, it is possible that you ultimately lose a bit more than you would have if you let your original stops trigger, but more often than not, stocks will reflexively bounce after a big initial gap washout. You would then use that subsequent bounce to lighten up on your positions.
In other news...
Picked up an AMZN Apr $3300 call @ $165 near the close yesterday. This one has been a real meat grinder for the last six months, but this has allowed the 200 day moving average to catch up and I liked the strong close yesterday in conjunction with the fact that it never really sold off even as the market was swooning. I can't chase breakouts on this stock cause the options are just too dang expensive, so I'm trying to catch it early on its bounce this week right above its 50 day moving average. Stop below $3260. Still behaving quite well today. Big drawdowns in the averages, yet after an early low print, buyers are soaking up supply and we are back at yesterday's highs. Not necessarily expecting this thing to just take off, but the action is constructive and I'll be hanging on to the Apr $3300 call, with an eye to add on a move above $3350.
To mick: MARA and RIOT have been crypto proxies for equity traders and have been moving more than the underlying assets they are associated with. The velocity at inflection points (reversals) in BTC's short-term trend is very important to watch when you hold these, as MARA and RIOT will react violently and to a greater %-degree anytime those inflections occur. Generally better to hold the underlying assets directly as (and I never thought I'd say this about crypto) they move in a more orderly fashion. Nevertheless, these proxies are nice for a quick trade when the opportunity presents.
Careful on NIO. It is holding its 50 day for now, but that's a tenuous position to be in, especially in light of the wildcard that is earnings coming up on March 1st. I'm sitting this one out until after the report.
I've been watching AAPL, almost took some yesterday but buying on a break of the 50 day moving average would be a total lack of discipline (in fact, it was AMZN's strength in spite of AAPL's weakness that lead me to pick up that AMZN call). When a key average like the 50 breaks down, you have to wait for price to move above the highs on the day it broke, as your signal to re-enter. Will AAPL eventually recover? Probably. However you're doing yourself a pretty serious disservice with regard to practicing discipline by continuing to hold it. I think you should ditch it. I could easily see this thing down at $120 in short order.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ManianFH
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27212762 - 02/18/21 10:30 AM (2 years, 11 months ago) |
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Word, ok, doing it. AAPL!!! (Fist to the sky)
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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Baby_Hitler
Errorist




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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27212826 - 02/18/21 10:59 AM (2 years, 11 months ago) |
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Rep Patrick McHenry mentioned and misprounounced Dogecoin "Dojeecoin" at the Gamestonk hearing, so, of course, the price has spiked at, currently, +14%.
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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Enkidu
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27212830 - 02/18/21 11:01 AM (2 years, 11 months ago) |
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Ive been looking at charts all morning.
I am starting to think 50 day ema on the hour is a strong indicator for buying and selling.
It is looking very consistent across the board as a buy and sell signal.
Is that too much of a generalization or is this relatively accurate?
-------------------- Within You , Without You
      
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Brian Jones
Club 27



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Baby_Hitler]
#27212909 - 02/18/21 11:31 AM (2 years, 11 months ago) |
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Quote:
Baby_Hitler said: Rep Patrick McHenry mentioned and misprounounced Dogecoin "Dojeecoin" at the Gamestonk hearing, so, of course, the price has spiked at, currently, +14%.
I tried to buy $100 worth of Dogecoin on Monday because, why not? But there were too many hoops to jump through. Kracken wanted me to upload my drivers license, which at my age would take about a day to figure out. I can't even get registered on Binance. LOL.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Brian Jones]
#27212928 - 02/18/21 11:42 AM (2 years, 11 months ago) |
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Robin hood might be an option
Id have an exit strategy planned if i was buying doge
-------------------- Within You , Without You
      
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Baby_Hitler
Errorist




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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Brian Jones]
#27212936 - 02/18/21 11:47 AM (2 years, 11 months ago) |
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Quote:
Brian Jones said:
Quote:
Baby_Hitler said: Rep Patrick McHenry mentioned and misprounounced Dogecoin "Dojeecoin" at the Gamestonk hearing, so, of course, the price has spiked at, currently, +14%.
I tried to buy $100 worth of Dogecoin on Monday because, why not? But there were too many hoops to jump through. Kracken wanted me to upload my drivers license, which at my age would take about a day to figure out. I can't even get registered on Binance. LOL.
Looks like 14% was the peak. Show's over. Still at +11%, tho.
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu] 2
#27212952 - 02/18/21 11:55 AM (2 years, 11 months ago) |
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Quote:
Enkidu said: Ive been looking at charts all morning.
I am starting to think 50 day ema on the hour is a strong indicator for buying and selling.
It is looking very consistent across the board as a buy and sell signal.
Is that too much of a generalization or is this relatively accurate?
Quick note on proper semantics. A 50 day EMA is a 50 period moving average on a daily chart. If you're using a 50 period EMA on an hourly chart, it's the 50 hour EMA, not 50 day.
Put simply, there is no universal study/indicator that will work for every stock chart in the universe. You have to figure out which studies/indicators are relevant to the chart you are looking at, as well as in the specific timeframe you are looking at. I don't find a 50 period average on an hourly chart particularly instructive for my style of trading. But that's not to say it can't be, depending on the chart and how you choose to trade. I've gone over my chart setup numerous times throughout the life of this thread, click here for the most recent example (this will be the third time I've sent it to you ).
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27212996 - 02/18/21 12:17 PM (2 years, 11 months ago) |
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Cannabis just melting down all day long. There will come a time to buy these again, but it ain't today. I'm still holding small starter positions via in the money options expiring over summer. I'm OK with that since their expiration is farther out and aggregate risk is mitigated through the position size being small. But the action is clear, with both TLRY and CGC being rejected along their 8 day EMA's. A fall to the 50 day moving average (as it creeps higher), seems reasonable for CGC. I would eye the 20 day on TLRY as potential support around $27.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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CHeifM4sterDiezL
Chief Globerts

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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27213005 - 02/18/21 12:22 PM (2 years, 11 months ago) |
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I'm still waiting to buy back my doge 
Also yeah they seem to be still burning cannabis down I was stilling on TLRY this morning like welp everyone is trying to do the same thing I'm out of here
Edited by CHeifM4sterDiezL (02/18/21 12:25 PM)
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27213007 - 02/18/21 12:24 PM (2 years, 11 months ago) |
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Sold. Day of thumps here. I’m done, homework time.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27213177 - 02/18/21 02:03 PM (2 years, 11 months ago) |
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NWN
Looks to be coming off a downtrend and breaking through all of its moving averages.
Too low volume ?
Also noticed FE and VST
-------------------- Within You , Without You
      
Edited by Enkidu (02/18/21 02:28 PM)
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Fiery
Sword of Fire


Registered: 12/24/12
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27213245 - 02/18/21 02:38 PM (2 years, 11 months ago) |
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Dang- I bought Tlry last night after the bell and it got killed again today 
I'm still in the green overall- but I misread that one.
My question is this: What does everyone see TLRY doing in the longterm? Do you think it will ever go back up to above $40?
What is worst case scenario?? Is it possible TLRY could drop to less than a dollar? I mean realistically it doesn't seem like the company would just go out of business like that.
I realize how the business is doing and the stock price are not always related- but I need some hope here!
Will TLRY ever recover? Should I Sell now at $27 and then try to buy back in later at a lower price?
I mean the thing could shoot up to $50 tomorrow, who knows right?
Thoughts?
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