That’s why I leave my pennies alone when they tank. Sometimes you never know and with the PPP some of these companies will be profitable. This will have a big sell off because of the profit taking (which you have to up 1,400%) but can eventually hit $1. Thats the magic number for the pink sheet, Penny stocks. congrats on the hit!
Run isn’t over yet.missed on afrm
The fast track FDA approval has helped a lot of these pennies fly too. Good call out.Yessir.
FDA approval.
Hospital contracts.
All in one day.
Will ride the wave until the end of the week and take some profit while letting the rest ride out until earnings.
I use ThinkorSwim (TD Ameritrade) as my main. Webull as my secondary.What booker platform does everyone recommend? I was thinking of Robinson or Etrade.
Told ya.missed on afrm
$VDRM shot out of the gate @APOPHIS. In and out in 15 mins for 100%
@Madrox called it out about me already. I got eyes and ears everywhere so I turn down more plays now than I make but as long as I make 15% ROI a month, I’m good. So far this month it has been a daily double which isn’t realistic. There are no emotions in this game. January effect and small cap runners are GOLD.$TSM up 50%+ since I bought in. I need to get on these quicker plays you guys are doing.
$TSM up 50%+ since I bought in. I need to get on these quicker plays you guys are doing.
@Madrox called it out about me already. I got eyes and ears everywhere so I turn down more plays now than I make but as long as I make 15% ROI a month, I’m good. So far this month it has been a daily double which isn’t realistic. There are no emotions in this game. January effect and small cap runners are GOLD.
Poshmark opens at $97.50. My wife bought in at $42, but the lockout period is 90 day (I believe). Lets see what happens.Poshmark filed for an IPO. My wife is an Ambassador on the platform, so she was offered a pre-launch stock buy in. Let's see how it goes.
![]()
Five Key Takeaways From Poshmark’s IPO Filing | PYMNTS.com
Social media-focused clothing reseller Poshmark became the latest platform company to file for an initial public offering (IPO) this week, hoping to catchwww.pymnts.com
i often sell if it breaks support level.....that way my loses are always minimal.How do you manage losing positions?
1) Do you cut your losses on the losing positions when a winning positions equals out the loss? Thus a net 0 gain?
2) Do you just hold on to them(weeks, months, years) if they're general stocks until/hopefully they make gains?
3) Do you out right take the loss once they hit 10%,20% etc?
i often sell if it breaks support level.....that way my loses are always minimal.
most people that dont watch the charts have no idea what the support level is....and so they end up holding onto stocks longer than they have to.....hoping it will go back up.
since i day trade....i really dont have to sit and guess since im always watching the charts and knowing when to sell or swing a trade into the next day.
yeah thats why i use TS, RH, Webull, and Merrill Edge......i can utilize those 8 trades and swing 4.I think part of the challenge with daytrading for some, like myself, is having accounts under 21K and PTD. You can only do so many day trades. Thus you're limited to holding positions that break support in the example you give.
Cash accounts limits the trades you can make due to 2-3 days settle rules.
I won't even get into options.
Bottomline some positions and strategies for many i suspect are limited to your account size.
poshmark came thru the wife gotta happy !Poshmark opens at $97.50. My wife bought in at $42, but the lockout period is 90 day (I believe). Lets see what happens.
1) I always cut my losses. I set an initial stop of say -7%. If it gets hit, I'm out.How do you manage losing positions?
1) Do you cut your losses on the losing positions when a winning positions equals out the loss? Thus a net 0 gain?
2) Do you just hold on to them(weeks, months, years) if they're general stocks until/hopefully they make gains?
3) Do you out right take the loss once they hit 10%,20% etc?
She is happy, but wishing she bought more.poshmark came thru the wife gotta happy !
$1.9T stimulus from Jim Crow Joe?
United States Dollar
crypto about to fly!
1) I always cut my losses. I set an initial stop of say -7%. If it gets hit, I'm out.
2) If the stock is running up, I let it go. But, I have target alerts of say, +10%, +15%, and +20%. If it reaches these targets, I watch it more closely. But, I make a point to never give profits back. If I hit a 10% target, then the price starts to turn and drop, I close the position. I'd rather walk away with say +8% than to wait for a stock price to run back up that high after dropping. I can take that money and place it in another more profitable trade.
3) I can't see myself losing 10%... That's just crazy. I'll close the position way before then.
Stay in SNDL......I added more shares today.I took a chance on SNDL at 0.68. Any ideas on when it might pop?
Long term?
Good general rules! But if you own stocks in volatile stocks like Tesla then a piss in the wind and your down 10%+ and within a second you back up 10%. Also not to mention it's based on position side. If you have a large position size then it takes a significant drop to lose 10%. But if you have only 2 shares in say $ZM then it doesn't take much.
One thing i wish we talked about A LOT more in this thread is money management, risk assesment skills, investing psychology etc. It's great some people are killing it. But odds are most are struggling and worst some in this very thread have some really good investing system in place, but aren't willing to contribute it to the board. One of the most fucked up things i've ever seen.
I was reading something recently that talk about if you invested 1%-5% vs up to 50% of you account on the same number of winners and losers(lets say 60 winners and 40 losers) over a x amount of trades. Then at the end of the exercise the 1%-5% of investement ended with a higher gain and less loss overall than the 50% or more. I can't tell you how profound that is for those of use that trade somewhat regularly.
Anyway i'm rambling..
I understand what you're saying. I can only speak for myself. I'm still learning the game. I've done a lot of studying though, so right now, I'm refining my system.Good general rules! But if you own stocks in volatile stocks like Tesla then a piss in the wind and your down 10%+ and within a second you back up 10%. Also not to mention it's based on position side. If you have a large position size then it takes a significant drop to lose 10%. But if you have only 2 shares in say $ZM then it doesn't take much.
One thing i wish we talked about A LOT more in this thread is money management, risk assesment skills, investing psychology etc. It's great some people are killing it. But odds are most are struggling and worst some in this very thread, have some really good investing system in place, but aren't willing to contribute it to the board. One of the most fucked up things i've ever seen.
I was reading something recently that talk about if you invested 1%-5% vs up to 50% of you account on the same number of winners and losers(lets say 60 winners and 40 losers) over a x amount of trades. Then at the end of the exercise the 1%-5% of investement ended with a higher gain and less loss overall than the 50% or more. I can't tell you how profound that is for those of use that trade somewhat regularly.
Anyway i'm rambling..
I don't really have a certain strategy but I know I like to invest in a mix of blue chip and growth stocks for the long term. I try to check out the financials and the competitors financials. Dollar cost averaging is a must b/c it feels impossible to time the market (unless there's a known event: hurricane, earthquake, brexit, 'rona).
I'm thinking of pivoting more towards dividend oriented stocks this year and trying to diversify my tech heavy portfolio. One tsunami hits taiwan, and I'm taking a hit...