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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: gopher]
#28241228 - 03/22/23 11:49 AM (10 months, 2 days ago) |
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I dont have money for physical either and have just been buying shares but people tell me if SHTF you really need physical
-------------------- Within You , Without You
      
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28241356 - 03/22/23 01:00 PM (10 months, 1 day ago) |
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Quote:
Enkidu said: Geo what are your thoughts on apple here ?
Love it.
Quote:
geokills said on Monday: Oh and look, the Kremlin is telling Russian officials to ditch their iPhones for fear of international snooping ... AAPL looking to breakout on the news (and the QQQ overall being an exceptional outperformer), taking a couple of May $150 calls. Initial stop at $151.63.
I have since doubled down on that position. Wish I had more, to be honest, but in accordance with discipline, I'll be ratcheting up stops on half my position to the prior daily lows, and stagger a second stop at stronger support zones behind it (or opportunistically sell any major rip). Once I start getting taken out, I'll look for opportunities to rebuild on a pullback-bounce, as the Q's are big time leading, as they are inherently less sensitive to inflationary and interest rate related risks.
I also re-initiated MSFT today, small size to start, but will continue to trade around this name for the foreseeable future.
Doubled down on SHOP yesterday and even added a bit today also.
Have shiton of BOTZ, which I'm not really trading around, but we are at the top of the range and if we see a big breakout, I'll trim it back because it is a rather large holding at the moment. In conjunction with BOTZ, I have been short-term day and swing trading AI, which tends to offer outsized movement (warning: it cuts both ways! ).
Market reaction to the Fed is all over the flippin' place here. Really want to see the S&P hold 4000 at the close. If it doesn't, I'm likely to pare back a few of my positions.
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gopher
Coffee Bean Extraordinaire



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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28241457 - 03/22/23 01:55 PM (10 months, 1 day ago) |
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Is apple still popular, ive been out of the computer scene since before covid times, apple was on the way out for me with not being able to run Linux anymore
I see people with I phones all the time though
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28241460 - 03/22/23 01:56 PM (10 months, 1 day ago) |
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Market deteriorating into the close, pared back across the board. Placeholders only in MSFT, AAPL and SHOP now. Bit larger in BOTZ, ALGM and AEHR.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: gopher]
#28241467 - 03/22/23 01:57 PM (10 months, 1 day ago) |
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Quote:
gopher said: Is apple still popular
AAPL is both a consumer technology and fashion leader, with a uniquely closed ecosystem that strengthens the relative value of each of their individual products. Yes, they are extremely popular.
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gopher
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28241471 - 03/22/23 01:58 PM (10 months, 1 day ago) |
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Quote:
geokills said:
Quote:
gopher said: Is apple still popular
AAPL is both a consumer technology and fashion leader, with a uniquely closed ecosystem that strengthens the relative value of each of their individual products. Yes, they are extremely popular.
Lol, maybe I'm antisocial cause none of what you said sounds good lmao
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: gopher]
#28241474 - 03/22/23 02:01 PM (10 months, 1 day ago) |
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Through the lens of a money manager, it sounds nothing short of fucking dreamy.
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28241507 - 03/22/23 02:21 PM (10 months, 1 day ago) |
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Talk about volatility
Now I see why they say to stay out on fomc days
Apple is one of the leading stocks in major indices so its a pretty important stock and company even if I personally don't like apple and hate bill gates even more
-------------------- Within You , Without You
      
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pslyke
fantasmagoric



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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Enkidu]
#28241586 - 03/22/23 03:36 PM (10 months, 1 day ago) |
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the ride this afternoon was bananas! Completely schizophrenic
-------------------- "What appears impenetrable to us does exist, manifesting itself in the deepest wisdom and the most radiant beauty" Einstein "The conservatives of 70 years ago would be outraged at what has come to pass. It embodies everything they took up arms for to defeat"Asante
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: pslyke]
#28241925 - 03/22/23 07:52 PM (10 months, 1 day ago) |
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An increasing proportion of trades occur on behalf of automated software algorithms. It can get really wild indeed. Although I appreciate how accessible the market is these days, the noise created by the machines hunting for stops and attempting to parse headlines/speeches as well as the technical chart patterns across multiple time frames in real time is an unwelcome consequence of the tendency toward integrating artificial intelligence into market trading in attempts to gain an edge.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28242226 - 03/22/23 11:03 PM (10 months, 1 day ago) |
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I have been nearly all cash for about a week now, maybe 20% sitting in VZ, and PCRFY, both of which are long term holds. Might jump back in after this week depending on how things continue to trend in aggregate. I was expecting a larger downturn and maybe just overthought the potential opportunity. Will be returning to the usual, with inclusion of BOTZ, as I agree with the wise minds here that broad exposure to AI sector might be a smart long term investment.
The usual: AAPL MSFT NVDA XLE IXC SPY
Waiting for lower entry point on, but might have missed boat on both some time ago:
TSLA BA
-------------------- 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."
Edited by ManianFH (03/22/23 11:04 PM)
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Enkidu
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: ManianFH]
#28242243 - 03/22/23 11:37 PM (10 months, 1 day ago) |
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Are you up big on nvda right now? You may start seeing some pull back soon but semi conductors have been red. Geo, would you be skimming some profits into this?
And tsla isn't yet in a position you wouldn't want to consider adding but it's currently working through some chop in terms of direction
If you don't have exposure to gold you should seriously consider it. That weekly candle got completely gobbled up. I'm extremely impressed with what I'm seeing with gold and looks like it's on the verge of a potentially monumental breakout here.
-------------------- Within You , Without You
      
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Enkidu]
#28242516 - 03/23/23 07:58 AM (10 months, 1 day ago) |
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Quote:
Enkidu said: Are you up big on nvda right now? You may start seeing some pull back soon but semi conductors have been red. Geo, would you be skimming some profits into this?
If you're asking me about taking profits in NVDA specifically, had I held a position at the time, I would have pared back yesterday when I cut back on most everything else as the market deteriorated into the close. However, in general, NVDA is not a stock you want to actively sell. It is strong as death, and that is the type of winner that it behooves you to hold onto for as long as possible. It hasn't even tagged its 8 day EMA since it broke out last week, there's plain nothing (other than the formation of yesterday's "tombstone doji" at the close) that would lead me to want to ditch NVDA.
That being said, it's always important to manage risk, and as a stock continues to scream higher, you want to continue ratcheting up your stops, so that WHEN it reverses, you aren't giving back a meaningful portion of your gains. But at the same time, you need to balance the risk of missing a continuation to the upside, thus choosing your stop levels and position sizing accordingly.
So, with a case like NVDA, which is working exceedingly well, I would at this point keep a stop on 25% of my position at the prior day's low, I would implement a second 25% stop after the first 15 minutes of the trading day (i.e. the "opening rotation"), at the low of that first 15 minute candle, and I would have either one or two more stops, at 50% or 25% each, at more significant longer term support levels. For those, I would probably choose the 20 day SMA and the last low pivot on the daily chart, which is currently $222.97. Now, I'm fully not expecting the $222.97 low to get hit, and it's a long way from price at $273 so that is quite the haircut... but a stock like this is so strong that I'm willing to risk that level of retracement on the last 25% of my position, because stocks this strong should PROVE to me that they are going to make a lower low and definitively break trend, for me to ditch 'em entirely. Because of the staggered stops at significantly higher levels to protect the bulk of my profits in the trade, even if that last stop gets hit, the trade in aggregate would remain very profitable. More often than not, that last loose stop maintains your involvement with what has proven itself to be a quality holding, and will keep you in a winning trade for longer, to your ultimate benefit.
Each of those stop levels are, of course, subjected to revision on a daily and longer term basis, as new levels manifest. Thus, actively protecting profits and allowing the position to continue working until IT decides, incrementally, not to work any longer. I'm not smarter than the market, and although there are cases (such as if I were holding near dated options rather than common stock), a position can grow so rapidly that I may proactively trim it back; it is generally preferable to implement stops so that the market decides when to take you out of your position, thus removing a chunk of the emotional component from your trading strategy, as it is our own emotional reactivity that tends to screw up our trades (certainly MY trades! ) most often.
AEHR continuing its breakout, ALGM heading back toward all time highs, BOTZ hanging in there... so far turns out appropriate not to have trimmed those yesterday. MSFT still in a flag, AAPL and SHOP with those nasty daily tombstone doji's yesterday, not encouraging me to jump back in this morning, although SHOP is making me froth at the mouth a bit, I just put a little more back on there as it is expanding out of a squeeze at a cluster of key moving averages.
Not to mention, Mt Blady got 3.5 feet of snow since they closed for the strong last Sunday, and the general manager comped me two tickets yesterday after chatting him up sweet style, so I'll be on mountain in a couple of hours and not at my desk. Best of luck out there!
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28242542 - 03/23/23 08:17 AM (10 months, 1 day ago) |
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Nice, thanks Geo that's all super helpful and extremely solid
Appreciate the in depth explanation
Enjoy the snow
-------------------- Within You , Without You
      
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pslyke
fantasmagoric



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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills] 1
#28242545 - 03/23/23 08:19 AM (10 months, 1 day ago) |
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I'm not a trader, I'm a long term investor and I've been continuing to increase my position in NVDA for months now.
-------------------- "What appears impenetrable to us does exist, manifesting itself in the deepest wisdom and the most radiant beauty" Einstein "The conservatives of 70 years ago would be outraged at what has come to pass. It embodies everything they took up arms for to defeat"Asante
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geokills
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: pslyke] 1
#28242578 - 03/23/23 08:32 AM (10 months, 1 day ago) |
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Totes a smart move, NVDA a shining star in the burgeoning AI sector, worth having exposure to. Additionally, long term investing is much more peaceful / less stressful than trying to actively trade. A lot of times as an active trader, the swings can be just mentally exhausting. To be successful, I've really needed to understand that even in short-term trading, it's still a long game. Weeks can go by with nothing to show for my time, a DAY can go by and take WEEKS worth of profits away from me, making me feel like I'm a total dolt for spending so much of my time on this... but if, over the long haul, your account balance continues to move higher on average, that's the ultimate arbiter of your success as a trader.
On that note, AAPL still printing higher daily lows, I put 1/3 of what I sold yesterday back into play. Also added to MSFT, not in a big way, but I like the flag and it remains above its 8 day EMA. SHOP I ended up not buying any back. I have a little placeholder position there, and that's OK for now, I don't want to be worrying about being overexposed while I'm shredding the slopes!

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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: geokills]
#28242589 - 03/23/23 08:39 AM (10 months, 1 day ago) |
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OMG - that looks incredible! Enjoy dude
-------------------- 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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gopher
Coffee Bean Extraordinaire



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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: ManianFH]
#28242612 - 03/23/23 08:55 AM (10 months, 1 day ago) |
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I sold 5 shares of silver while it was up, and bought 1 share if enbridge
Enbridge supplies natural gas and house furnaces here
Its down a fee bucks from my first share, but now I have 2 shares
Its also really high divindends
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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Enkidu
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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: gopher]
#28242818 - 03/23/23 11:00 AM (10 months, 1 day ago) |
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Gold long
-------------------- Within You , Without You
      
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ohngoing Discussion [Re: Enkidu]
#28242932 - 03/23/23 12:15 PM (10 months, 23 hours ago) |
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I bought calls this morning in gdx up almost 50% today.
Gold is strong
-------------------- Within You , Without You
      
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