Official Short-term Investments Thread

[ercchry]

Everyone's savings being nationalized? You mean pensions or bank accounts?

Banks, so by extension... bank accounts... but now that you mention it... :rofl:

[Buster]

Why do you think banks will be nationalized?

[ercchry]

Why do you think banks will be nationalized?

Hyperbole :dunno:

...but yeah the power is there to do it, and haaave you met Trudeau?

[Buster]

Hyperbole :dunno:

...but yeah the power is there to do it, and haaave you met Trudeau?

Lol k. Given the shit show that has been 2020 nothing actually looks like hyperbole. Maybe July will be there banking crisis month.

[ercchry]

Lol k. Given the shit show that has been 2020 nothing actually looks like hyperbole. Maybe July will be there banking crisis month.

July? Noo... sounds more like a season finale! ...but where will the murder hornets fit into it all?? I must know!

[The_Rural_Juror]

Wtf would you call something that can literally move 1000s of percents a day than volatile?! Now you’re just being obtuse for the sake of being an overly edumicated prick

This is no different than heading off to the casino, some people are hurting right now, others are saving hundreds a day on restaurants, bars, and parking. The markets are fucked, the volatility is comical, trump says the stupidest shit. Might as well strangle some shit. Minimal losses, unlimited gains as long as shit moves. This isn’t the long term, fixed income investing thread. It’s the short term thread, risk adjusted blah, blah, bullshit went out the window months ago, we’re about 2 months away from everyone’s saving being nationalized anyways. Might as well have some entertainment

I clean toilets.

[ercchry]

Monday Vibes:

92563

[JustinL]

Been watching Chesapeake after they were talking bankruptcy. Up 170% this morning and 600% in the last 4 weeks. Any takers

What a ride for the people on that roller coaster!

[mr2mike]

Chesapeake now suspended trading.
Risky business to hold a company like that.

[ercchry]

Chesapeake now suspended trading.
Risky business to hold a company like that.

Shouldn’t suspend... like gnc and hertz, get those weird banko bounces... wtf is that a thing?? :rofl:

[killramos]

Shouldn’t suspend... like gnc and hertz, get those weird banko bounces... wtf is that a thing?? :rofl:

Time for an offering :rofl:

[chungstachung]

Omineca mining anyone?

[The_Rural_Juror]

Omineca mining anyone?

Doesn't look like a flat fuckening stock over the past few days. What do you know about it?

[ercchry]

Monday Vibes:

92563

Well... that worked out, fuck unilever and their virtue signalling BS... any Corp that can own Dove AND Axe is completely full of shit.

And NFLX :love:

...recruiting some AAPL talent paid off today

[16hypen3sp]

Sona halted before market open on company news. Just released. Their Covid test has been successfully validated by MRI Global. Been looking forward to that for awhile now.

[16hypen3sp]

Unhalted this morning and we have lift off.

[16hypen3sp]

up 127% right now intraday. Shits nuts! I'm still hanging in there until next week maybe.

[BavarianBeast]

Just bought badger daylighting $28.66 and Neogen $67.20.

NEOG heading to 52WH here soon!

[ercchry]

NEOG heading to 52WH here soon!

But like, why not just toss everything into tech? :rofl:

ATH for basically everyone today... tsla, amzn, aapl, nflx, fb... :nut:

[max_boost]

Are you gonna short them?? Hehe

[killramos]

I’m just sitting here happy my AMZN has kept the rest of my losses at bay :rofl:

[ercchry]

Are you gonna short them?? Hehe

I’d probably straddle earnings.. especially aapl as they didn’t give any guidance last quarter... don’t fight the fed and all that, but with the reclosing of stores and everything else... all that is certain is volatility

[rx7boi]

But like, why not just toss everything into tech? :rofl:

ATH for basically everyone today... tsla, amzn, aapl, nflx, fb... :nut:

XQQ for the win.

[BavarianBeast]

I don’t like to invest in smoke and mirrors much, plus that shits mainstream yo.

[The_Rural_Juror]

93043

[brewmeistercare]

Have you heard about Goldman Sachs Investment?

I wish to solicit your interest in their ongoing (Tax-Free Income) investment project with YTD Return of 4.53%.

Kindly let me know if you will be interested so i can send you comprehensive details about the project.

I look forward to hearing from you.

[ganesh]

Any insight into ONTX? Int he last couple of days it has gained a quite a bit.

[16hypen3sp]

SONA officially hit the $10 mark this morning. Now up to $10.20. WOOOOOOOOOOO!!!! I'm still in for the long haul yet.

[16hypen3sp]

Just hit $11!

[OTown]

Anyone pick up PSTH.U IPO today? Bill Ackman's big offering

[beyond_ban]

Quick question for the Beyond investors. I follow a local guy on instagram that has been posting religiously since January about his forex exploits. In that time, he has taken $10k USD and turned it into $500k USD. How replicable is that? Is that even possible? Whenever i hear forex trader i always default to scam, as many of these guys lure others in to follow them and then sell them their secret.

[JustinL]

Quick question for the Beyond investors. I follow a local guy on instagram...

I'm not on the insta, but is this like instagram car builds? Take lots of pretty pictures, make lots of big claims, then roll it back onto the trailer because the car has never run, never mind turned a lap on a race track.

Use what you can to learn about what he does for free, but don't pay a cent to learn any of his 'secrets'. If he's that good, he doesn't need your money as he should have 25 million by 2021.

[ganesh]

Just hit $11!

Good job man. It is 13.50 now.

[beyond_ban]

I'm not on the insta, but is this like instagram car builds? Take lots of pretty pictures, make lots of big claims, then roll it back onto the trailer because the car has never run, never mind turned a lap on a race track.

Use what you can to learn about what he does for free, but don't pay a cent to learn any of his 'secrets'. If he's that good, he doesn't need your money as he should have 25 million by 2021.

That is the thing, why do these guys feel the need to sell their secrets when they can clearly just make bank with their trading talent.

Instagram handle is @ Rafsby if anyone is interested in looking. He has a pinned story about the trading.

[The_Rural_Juror]

Good job man. It is 13.50 now.

+1. Nasdaq soon?

[ercchry]

That is the thing, why do these guys feel the need to sell their secrets when they can clearly just make bank with their trading talent.

Instagram handle is Rafsby if anyone is interested in looking. He has a pinned story about the trading.

fX/cfd/fd/any other highly leveraged trading... I like to think of it like professional poker... Kobe can do it, no one else can :rofl:

I’d say the biggest thing is that most people start to get an ego when it’s working, then something in the market shifts and the old strategy doesn’t work, you think “oh, well it’s going to change back any day now” ...it doesn’t, you start dumping more and more of your “bankroll” into trades and eventually you lose it all.

Takes incredible discipline to maintain long term gains, very stressful shit especially once it starts turning into real money

[beyond_ban]

fX/cfd/fd/any other highly leveraged trading... I like to think of it like professional poker... Kobe can do it, no one else can :rofl:

I’d say the biggest thing is that most people start to get an ego when it’s working, then something in the market shifts and the old strategy doesn’t work, you think “oh, well it’s going to change back any day now” ...it doesn’t, you start dumping more and more of your “bankroll” into trades and eventually you lose it all.

Takes incredible discipline to maintain long term gains, very stressful shit especially once it starts turning into real money

That is a pretty fair assessment, thanks for sharing. I feel like most people see it as a get rich quick scheme and buy the "insider info" hoping for such which leads to plenty of disappointment down the road.

[16hypen3sp]

Good job man. It is 13.50 now.

haha thanks, this is pretty fucking wild. $14.40 now.

Anybody else jump in on SONA after the validation? Would have doubled your money. Still lots of upside. Billion dollar market cap approaching.

[arcticcat522]

haha thanks, this is pretty fucking wild. $14.40 now.

Anybody else jump in on SONA after the validation? Would have doubled your money. Still lots of upside. Billion dollar market cap approaching.

I didn't get in. Have a relative who suggested I do a few weeks ago (after you mentioned it) they claim to have made 6 figures back when it was in the 8's. Should prob call them up now...hahahahaah. Fak

How far are you riding this Rocket? Have heard $25 is very attainable.

[msommers]

Hindsight investing is foolproof.

[Disoblige]

haha thanks, this is pretty fucking wild. $14.40 now.

Anybody else jump in on SONA after the validation? Would have doubled your money. Still lots of upside. Billion dollar market cap approaching.
I might eye an entry soon if I can get a dip. Maybe if there is a profit taking session tomorrow morning or before close in the afternoon after the huge jump today. If not, then I don't mind missing the boat.

[ndhal417]

Northern Dynasty Minerals looking like a play for Friday. Final environmental impact statement was just released for there project in Alaska.

[16hypen3sp]

I might eye an entry soon if I can get a dip. Maybe if there is a profit taking session tomorrow morning or before close in the afternoon after the huge jump today. If not, then I don't mind missing the boat.

There is usually a stop loss raid almost everyday where it dips sharply for a very short amount of time. Low float makes it move quick.

[16hypen3sp]

I didn't get in. Have a relative who suggested I do a few weeks ago (after you mentioned it) they claim to have made 6 figures back when it was in the 8's. Should prob call them up now...hahahahaah. Fak

How far are you riding this Rocket? Have heard $25 is very attainable.

My original target was a $10 sell. Then it was $15. Then $20. Now I dunno. I sold a tiny bit in the mid 6's just to cover my original investment, similar to what I did with MIR.

Fuck, I'm hoping for $100 on SONA! lol

[16hypen3sp]

Damn! THRM went nuts this morning! I did a quick day trade for a little profit. In and out. No idea where that one is going. Haven't done enough DD on it to know anything substantial.

[jwslam]

Beebs you still riding MIR?

[16hypen3sp]

Beebs you still riding MIR?

I'm still in. Still sitting pretty with most of my shares at 0.098 cents. Isn't doing very much except a slow bleed. Needs that FDA and they seem to be dragging their ass. Currently reminds me of my early days with SONA... watching it slowly bleed for weeks with hope fading.

Would be nice to see it hit $1.50. I have read some others have targets of $4 to $5.... I dunno about that. But hey, I thought the same way about SONA.

[Kobe]

Quick question for the Beyond investors. I follow a local guy on instagram that has been posting religiously since January about his forex exploits. In that time, he has taken $10k USD and turned it into $500k USD. How replicable is that? Is that even possible? Whenever i hear forex trader i always default to scam, as many of these guys lure others in to follow them and then sell them their secret.

I dont really trade but you need to look at it from an ROI (Return on investment) perspective, I think something to aim for is like 10-15% but from the day traders that I've known it should be like 8-10% over a large sample of trades

But yah markets evolve (like now is a perfect example) where people are out of work but the FED will do everything in their power to keep them afloat by stimulation and injecting funds into it, even though the markets should crash it won't until you FED stops (My opinion I think they are over-valued but this is my opinion)

Bear markets and bull markets are a thing and those are trend changes and we need to be able to see them and see what caused it and why it's not changing, it takes a lot of research/learning to be a good trader + discipline. If you don't have discipline it doesn't matter how educated you are you will fail (Just like poker)

I wouldn't say "Stressful" because that definition can be different for everyone, if you buy a lottery ticket for $5 vs $500 stress levels to winning/breaking even will be much different depending on your money not invested (BRM) . but you need to stop thinking about the "OMFG I LOST $1,000 or $100,000" and ask yourself if the trade was +EV (Expected value) in the long-term.

Explained: https://www.thebalance.com/10-percent-monthly-return-day-trading-4077743

We also need to use bankroll managment when trading so you will not be yolo'ing 100% of the 10k investment at the start but more rules to follow are 1-2% AFAIK

This would mean that the person with 10k capital shouldn't be using the same sizing on his positions as if he has $500,000

It's clearly possible but very unlikely, it's a hard way to make easy money (my opinion) just like poker.

You are not going to be winning 90% of your trades but closer to 60% of trades.


fX/cfd/fd/any other highly leveraged trading... I like to think of it like professional poker... Kobe can do it, no one else can :rofl:

I’d say the biggest thing is that most people start to get an ego when it’s working, then something in the market shifts and the old strategy doesn’t work, you think “oh, well it’s going to change back any day now” ...it doesn’t, you start dumping more and more of your “bankroll” into trades and eventually you lose it all.

Takes incredible discipline to maintain long term gains, very stressful shit especially once it starts turning into real money

Yah ego plays a HUGE role in it, if you get a few good trades and make X amount then you start to leverage more or stop using the rules you are given to follow for bankroll managment and it will cause problems, we need to look at it more from an ROI perspective.

On the other side I think one of the problems of most traders is they try to chase losses just like in poker.

You need to follow rules or you will get killed by the market like the other 90% of traders get killed, if someone is not telling you the times they lost trades they are lying to you.


There comes a point when you don't value (Might be the wrong word) and do not try to chase losses at all but it's something everyone needs to learn to do.

I've read psychology books on "tilt" for poker and I know many guys have mental coaches and I'm sure there is psychology books for trading I'd highly recommend any of them.

It's funny because even pro golfers like Tiger woods have psychology coaches or any pro athlete for that matter, when you have the pressure to make an important golf shot or hockey shot/basketball/baseball etc you need to learn to control your emotions, it's a lot harder to do than say.

EDIT: I'm not a financial advisor nor a day trader but the same rules apply to both poker and trading and I do realize and respect and follow those rules 100%

[beyond_ban]

+rep for you sir

[max_boost]

So much of it comes down to discipline. Can you stick to the plan or not as it pertains to your risk tolerance and goals.

[16hypen3sp]

Th potential upside of Bitfarms (BITF.V) looks appealing... What do you guys think?

[16hypen3sp]

Sona just got short attacked bad. There was the buy-in opportunity.... may continue tomorrow.

[Disoblige]

Sona just got short attacked bad. There was the buy-in opportunity.... may continue tomorrow.
I'm going for position for 9.95, then bigger one at 8.90. If I miss out, whatever.

[ganesh]

KODK stock is on fire. If anyone wants to make a quick buck.
Trading has been halted already 6th time for the day because of volatility

[msommers]

Holy shit!

[Disoblige]

400% in a day. Nice lol. I know someone who played it pre-market from $13 to $14ish. He was so happy just to make a quick $1/share gain.
He is quite shocked right now, and kinda mad.

[16hypen3sp]

Did my first real options trading this week. I had done some in the past using the practice account but always went with calls.

This time, I did Puts on Dow Inc. 073120 42 P. Bought on Monday.

Sold for 335% profit this morning. Anticipated it hitting $42 today given the economic news.

[msommers]

400% in a day. Nice lol. I know someone who played it pre-market from $13 to $14ish. He was so happy just to make a quick $1/share gain.
He is quite shocked right now, and kinda mad.

Who knows what will happen today with that stock but I bet some folks will absolutely lose their shirts today pray-investing for a repeat.

[KPHMPH]

PRPO, oh my lanta- started at $1.50, I bought in at $4.15 and sold at $6.50.... today has been wild.

[riander5]

@16hype Why did you buy though? Did you just get lucky the economic report was bad?

[16hypen3sp]

@16hype Why did you buy though? Did you just get lucky the economic report was bad?

Dow seems to fluctuate so I just went with that... plus it was cheap. I anticipated the economic report being bad enough to weigh on this individual stock. Would have been way more expensive and risky to go against apple or microsoft. Really comes down to just getting lucky in the end lol.

[riander5]

Haha well congrats on the profit, but really seems like you're just gambling with that! As long as you are just messing around with play money it can't hurt

[16hypen3sp]

Haha well congrats on the profit, but really seems like you're just gambling with that! As long as you are just messing around with play money it can't hurt

The options are pretty much just gambling anyway. A bet that a certain stock price will be at 'x' by a certain time. And yes, play money.... never put in what you can't afford to lose.

[riander5]

I mean they are gambling as much as buying a stock is gambling, difference is you have time working against you on options, entries and exits are harder to manage and nail.

[16hypen3sp]

I mean they are gambling as much as buying a stock is gambling, difference is you have time working against you on options, entries and exits are harder to manage and nail.

Agree. The time factor is the biggest thing about it. Basically pray for some sort of catalyst to happen in time and in your favour. Fun times! Haha

[mr2mike]

SRNE for a potential break to more highs tomorrow morning.
It's a covid therapy drug comp. Could be a whole sham but lots of stakes on the fire with them.

[msommers]

Yeah SRNE seems to have some promising stuff coming relatively soon. OPK is one I've been eyeing up. IBIO as well.

NVAX still blows my mind. That thing is so fucking high, and did so incredibly quickly I'm just waiting for a massive crash and then never happens...

[mr2mike]

SRNE up 20% this morning. On a good run.

[CodeNameF10]

https://www.google.com/search?rlz=1C1CHBF_enCA911CA911&sxsrf=ALeKk01KBR5G9dMpksKFnexvldHy7fVy7w:1596227213856&q=quote+canada+nickel+company&spell=1&sa=X&ved=2ahUKEwiT1r_gqfjqAhXPIDQIHS3FB88QBSgAegQIEhAn&biw=1536&bih=750

Anyone think there's potential here?

https://www.cbc.ca/news/business/canada-miner-nickel-elon-musk-1.5667022#:~:text=%22I'd%20just%20like%20to,whatever%2C%20go%20for%20efficiency.%22

[The_Rural_Juror]

SRNE CEO was interviewed. Nerd confirmed.

[mr2mike]

I worry about his China ties. Trump will squeeze him out of any gov't funding.

[OTown]

* Wrong thread

[rx7boi]

max_boost

XQQ hit 88.88

If there's a time for asians to buy in, it'd be now :rofl: :rofl:

[max_boost]

max_boost

XQQ hit 88.88

If there's a time for asians to buy in, it'd be now :rofl: :rofl:

Amazing times. Let it ride homie. :bigpimp: :bigpimp:
Tech is the future. Buy buy buy!!!

[ganesh]

CVAC is having pretty impressive opening.
In the pre-market is already up 48%.

[ganesh]

3 of the Penny stocks that could benefit from today's announcement,
https://pennystocks.com/featured/2020/08/23/penny-stocks-to-watch-trump-emergency-plasma-authorization-august-23-2020/

[JfuckinC]

3 of the Penny stocks that could benefit from today's announcement,
https://pennystocks.com/featured/2020/08/23/penny-stocks-to-watch-trump-emergency-plasma-authorization-august-23-2020/

Wow, SONN went up 46% haha..

[msommers]

A Trump tweet can raise or destroy a biostock lately, especially when he's controlling the CDC like a puppet (Exhibit A = ABT).

[ercchry]

“Pop” ... byeeeee tech, RIP max_boost

[The_Rural_Juror]

“Pop” ... byeeeee tech, RIP max_boost

Oooooo quotable! max_boost never dies. He simply powers down for brief moments to recharge.

[max_boost]

It’s over. It’s over. I’ve been canceled. :cry: :cry:

[The_Rural_Juror]

It’s over. It’s over. I’ve been canceled. :cry: :cry:

It's only down 4.5%. Talulah....

[ercchry]

CRA’s fault... delay in CERB cheques, no one bought the dip

[rx7boi]

The max_boost portfolio will prevail! Longterm holds baby.

[msommers]

“Pop” ... byeeeee tech, RIP max_boost

CODX was a pop, this was a burp

[ercchry]

CODX was a pop, this was a burp

Only if it’s over...

[max_boost]

In the words of Gary vee, see you in 100 years, I’m just getting started. Patience. Lol

[The_Rural_Juror]

Which one is Gary Vee again?

[max_boost]

It's only down 4.5%. Talulah....

Lol when I first read that I was thinking oh god you’re quoting ra’s al ghul stuff but then oh that’s the westworld girl and oh she was married to him Enron musk .... and wait there’s more, I’m watching Arrow and hooked on it

The more I think about it Elon looks like Malcom merlyn league of shadows lol Oh what a time to be alive to connect these random dots!!!

[ercchry]

CODX was a pop, this was a burp

... and now? :rofl:

[The_Rural_Juror]

Almost everything is down today, sir.

[ercchry]

Almost everything is down today, sir.

But not by 15% Mr. Musk

[The_Rural_Juror]

But not by 15% Mr. Musk

Don't sleep in. You missed the -19% low. Now -12%.
Come on President Pump. Do your magic.

[The_Rural_Juror]

LOL @ NKLA

https://hindenburgresearch.com/nikola/

"Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America"

[mr2mike]

I'm surprised that Hindenburg can still exist.
Basically they're inverse insider trading.
Take a short position then pump the short report for all the gainz.

[The_Rural_Juror]

What's the difference between them and any other analyst or fund manager on TV?

[msommers]

... and now? :rofl:

I had to exit at a loss. Too much stress. What seemed like strong fundamentals financially and scientifically didn't matter and the market is so unpredictable I couldn't stand it. If anything I should have setup a stop loss and called it a day. In the end it showed me a lot of things about investing, was a learning and also my stomach can only take so much punishment.

[The_Rural_Juror]

So....no more trading?

[msommers]

Not covid stocks. Learned an expensive lesson

[taemo]

Not covid stocks. Learned an expensive lesson

ouch, sorry to hear man.
was also recently playing with day trading the past 2 weeks, right before the 3 red days where from a +6% gain it went down to -5% loss.
fortunately I decided to wait for the quick bounce and exited at a small gain.

market is a little volatile right now so I might wait closer to the US election before day trading again.