Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
I'm bemused by it too. There are many companies that may not recover from this or otherwise feel the scars for many years to come.
Associate
I was one of those that nearly opted in who has cash both personal & potential investment.
Decided against it as I think Covid will come back and all stock rise is a circle jerk of cheap money investment on no sound company return basis.
I'll stick to local property that I know that will go cheap when cash is king.
Decided against it as I think Covid will come back and all stock rise is a circle jerk of cheap money investment on no sound company return basis.
I'll stick to local property that I know that will go cheap when cash is king.
Anybody who is just joining the market would undoubtedly think that it's just a machine for enhancing your wealth with no risk. When that happens, I get nervous; the bigger boys will take your money. It might not be today or tomorrow but it will happen.
Just look at the irrational exuberance going on. Some people will do very well, through luck, whereas others will likely lose a lot. That's my view anyway: the market is disconnected from the real world presently. When will that not be the case? If the stock market is really just a machine to enhance wealth, and stocks only go up, then what value is money?
I've made approx 7k over the last few weeks, and honestly deserve none of it. Very few of the plays made sense, and I rode the wave of sentiment. That isn't trading, or investing, or finance, it's luck and greed. This isn't fomo, I probably will miss some gains, but it's just ridiculous now.
Just look at the irrational exuberance going on. Some people will do very well, through luck, whereas others will likely lose a lot. That's my view anyway: the market is disconnected from the real world presently. When will that not be the case? If the stock market is really just a machine to enhance wealth, and stocks only go up, then what value is money?
I've made approx 7k over the last few weeks, and honestly deserve none of it. Very few of the plays made sense, and I rode the wave of sentiment. That isn't trading, or investing, or finance, it's luck and greed. This isn't fomo, I probably will miss some gains, but it's just ridiculous now.
Yes that would be foolish, the point was that day trading will likely lead to you losing money... not to go all in on one trade???
Soldato
If your not prepared to lose money you shouldn't even touch day trading. Literally fighting for what .. 5% of the market that an algo and companies full of the best traders can't be bothered with.
Theres money in it but only individuals can decide if its worth the risk, it's why I hate others seeking advice on this thread about good stocks..its like the blind leading the blind.
If your willing to play the long game chuck some cash in a fund and forget about it for 5 years. Your 'likely' to see good gains.
Soldato
Another surprisingly green day - my SPY short isn't looking too great today. Looks like I might get assigned more if my 300 call goes in the money, let's see.
At least ZM is dropping nicely which makes the overall day OK
At least ZM is dropping nicely which makes the overall day OK
By lose money I don't mean lose a bit then gain in the long run.. I'm talking about losing money in the long run.
If you're prepared to do that or find it desirable then you might as well play table games in a casino too.
It doesn't seem like a desirable goal to me. You'd be better off day trading (or trading in general) if/when you're able to find an exploitable edge... or at least what looks likely to be one.
Huge after hours jump in Tesla shares after Q1 earnings.
https://ir.tesla.com/static-files/c1723af4-ffda-4881-ae12-b6f3c972b795
https://ir.tesla.com/static-files/c1723af4-ffda-4881-ae12-b6f3c972b795
AA chart looks excellent at the moment.
Also is anyone in CNR? I was years ago but it looks like an interesting one at the moment.
Overall I agree with the irrational exuberance here but I think it will continue until a string of terrible earnings results/ funding calls/ bankruptcies and awful GDP figures hit the headlines. I am still planning on exiting my biggest holdings - CRM and GVC before too long. Others like AA above I am just ‘riding the wave’
Also is anyone in CNR? I was years ago but it looks like an interesting one at the moment.
Overall I agree with the irrational exuberance here but I think it will continue until a string of terrible earnings results/ funding calls/ bankruptcies and awful GDP figures hit the headlines. I am still planning on exiting my biggest holdings - CRM and GVC before too long. Others like AA above I am just ‘riding the wave’
Last edited:
CNR is quite a big holding of mine. They've taken the scenic route over the last few years, but things are starting to come together now.
Production decision due any time this year, which is considered to be a good entry point, as per this chart and others like it: https://goldstocktrades.wordpress.com/2011/11/18/the-life-cycle-of-a-junior-miner/
Bank of America predicting $3000/oz gold price in the next 18 months. https://www.mining.com/gold-price-to-surge-past-3000-says-bank-of-america/
Of course anyone can do that, but these aren't some crazy survivalists. If it comes to pass, any company with 'Gold' in it's name is going to go bonkers.
Production decision due any time this year, which is considered to be a good entry point, as per this chart and others like it: https://goldstocktrades.wordpress.com/2011/11/18/the-life-cycle-of-a-junior-miner/
Bank of America predicting $3000/oz gold price in the next 18 months. https://www.mining.com/gold-price-to-surge-past-3000-says-bank-of-america/
Of course anyone can do that, but these aren't some crazy survivalists. If it comes to pass, any company with 'Gold' in it's name is going to go bonkers.
S&P finally reacting to more staggering jobless numbers - and spending down. Not like the bloodbath of previous weeks, but this might be the cliff edge. Data from Christine Lagarde also astonishing. Every day cements the damage further.
Soldato
Tesla stock really is an interesting one to watch.
Soldato
30m unemployed in US 
Soldato
Money printer go Brrrrrrrrrrrrrrrrrrrrr
Soldato
ZM down to $137.80 today - going to leave that open a while longer, target to get out @ $125 (which IMO is still overvalued, but isn't nearly everything at the moment!)