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  1. #14301
    Join Date
    Feb 2005
    Location
    North Vancouver/Whistler
    Posts
    12,731
    My Yolos. RIOT, MKTY, BB, GMTN on VSE/CDNX of course GME

  2. #14302
    Join Date
    Aug 2019
    Posts
    217
    Quote Originally Posted by shera View Post
    Oh man that's a tight range, and now in the thick of it. What are you doing?



    I guess you're buying dinner then?
    Watching gme today looks promising to me in the short term. I would bet it doesnít break that 190 so Iíll probably buy a couple shares dollar cost averaged.

    Any thoughts on what I should do with my tsla bag??? Been holding since before the split and idfk if I should get out or hold for life. Might just half my position because Iím scared hahaha


    Sent from my iPhone using Tapatalk

  3. #14303
    Join Date
    Aug 2019
    Posts
    217
    Looks like a good eth entrance under 2400


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  4. #14304
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    7,691
    On May 25 there's a monster green candle on GME daily chart. I guess the 50% level of that candle is a place traders would be testing. That's right about at your target level. Good eye!

    I am so jealous of your tsla position! I bought in the low 200s, presplit and sold it all with nice gains, still presplit. Then I was crying when it did a 10x. It has forever left a mark on me even though I've made it all up in bitcoin. I decided to try to be a hodler and am getting shellacked on link currently, hahaha. Well I am up 2x, but I was up 5x, sigh.

    Moral of the story, I suppose, is to take partial profits! I manage my bitcoin very carefully, basically rebalancing and am satisfied with that.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  5. #14305
    Join Date
    Nov 2010
    Location
    Valley
    Posts
    376
    Current YOLO Positions: BB, RIOT, AMYZF, ATOS
    Baby YOLOs: PLTR, PSTH (just got complicated as fuck), SOFI, MARA, RKT (piece of shit), HGEN $30 Calls expiring 6/18 (has to blow up soon!)

    Have finally learned to only tie up 50% of shares, at most, in calls at any time.

    ROCKETS FOR ALL!

  6. #14306
    Join Date
    Aug 2019
    Posts
    217
    Quote Originally Posted by shera View Post
    On May 25 there's a monster green candle on GME daily chart. I guess the 50% level of that candle is a place traders would be testing. That's right about at your target level. Good eye!

    I am so jealous of your tsla position! I bought in the low 200s, presplit and sold it all with nice gains, still presplit. Then I was crying when it did a 10x. It has forever left a mark on me even though I've made it all up in bitcoin. I decided to try to be a hodler and am getting shellacked on link currently, hahaha. Well I am up 2x, but I was up 5x, sigh.

    Moral of the story, I suppose, is to take partial profits! I manage my bitcoin very carefully, basically rebalancing and am satisfied with that.
    Bitcoin has been quietly fucjing me. idk how itís possible but I think Iím like baaarreeelllyy green. Take ur profits and you really really canít win em all


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  7. #14307
    Join Date
    Nov 2010
    Location
    Valley
    Posts
    376
    Quote Originally Posted by bowboybb View Post
    Watching gme today looks promising to me in the short term. I would bet it doesn’t break that 190 so I’ll probably buy a couple shares dollar cost averaged.

    Any thoughts on what I should do with my tsla bag??? Been holding since before the split and idfk if I should get out or hold for life. Might just half my position because I’m scared hahaha


    Sent from my iPhone using Tapatalk
    Let it RUN!!! Yeah, sell half? What's your CB?

    I have a small client that bought some shares a long time ago, and before the split we had to sell a portion because his TSLA "fun" play had ballooned to 30-40% of his total portfolio. Same shit happened after the split when it shot right back up.

  8. #14308
    Join Date
    Dec 2003
    Location
    Teton County
    Posts
    419
    My YOLOs: ABML, APTX, MARA, PLTR, and SNDL.

    Sent from my Pixel 4 XL using Tapatalk

  9. #14309
    Join Date
    Feb 2005
    Location
    North Vancouver/Whistler
    Posts
    12,731
    Quote Originally Posted by Lawless View Post
    My YOLOs: ABML, APTX, MARA, PLTR, and SNDL.
    I like SNDL as an illogical yolo. The SNDL crowd are so hopeful any good news moons the stock despite the alarmingly large outstanding.

    Yeah I believe I timed the GME downtick perfectly which is nice as I really don't want to chase it given the big margin requirements

  10. #14310
    Join Date
    Jan 2009
    Location
    Squaw valley
    Posts
    3,433
    Quote Originally Posted by LeeLau View Post
    I am a GME long but agree with Rod. My contribution to gmedd.com was the part about clearings for short sales. I feel a justifiable fair value for GME if they execute flawlessly is between 90 to 120.

    But add cult status which multiplies that 2 to 3x.
    I think 50 is generous. That's where i covered first shorts.

    I'm short again but just 100 shares

    Sent from my Redmi Note 8 Pro using Tapatalk

  11. #14311
    Join Date
    Nov 2010
    Location
    Valley
    Posts
    376
    Maybe the next game we should play is "What bags are you holding?"

  12. #14312
    Join Date
    Dec 2003
    Location
    Teton County
    Posts
    419
    Quote Originally Posted by LeeLau View Post
    I like SNDL as an illogical yolo. The SNDL crowd are so hopeful any good news moons the stock despite the alarmingly large outstanding.

    Yeah I believe I timed the GME downtick perfectly which is nice as I really don't want to chase it given the big margin requirements
    Yeah, holding just waiting for a mention of possibly, maybe legalization talks federally.

    Sent from my Pixel 4 XL using Tapatalk

  13. #14313
    Join Date
    Dec 2003
    Location
    Teton County
    Posts
    419
    Quote Originally Posted by CovertM View Post
    Maybe the next game we should play is "What bags are you holding?"
    Ha, see my previous list.

    Sent from my Pixel 4 XL using Tapatalk

  14. #14314
    Join Date
    Aug 2019
    Posts
    217
    Quote Originally Posted by CovertM View Post
    Maybe the next game we should play is "What bags are you holding?"
    Baba just dumped most of the bag, the opportunity cost was mf insane.


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  15. #14315
    Join Date
    Aug 2019
    Posts
    217
    Iíve been thinking about trading meme stocks based on purely momentum, setting sell orders for 10% profits and stop losses for idk 5-10% and taking 10% profits over and over again. Someone tell me why this wouldnít work


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  16. #14316
    Join Date
    Nov 2010
    Location
    Valley
    Posts
    376
    Quote Originally Posted by bowboybb View Post
    Iíve been thinking about trading meme stocks based on purely momentum, setting sell orders for 10% profits and stop losses for idk 5-10% and taking 10% profits over and over again. Someone tell me why this wouldnít work


    Sent from my iPhone using Tapatalk
    It will work until it doesnít.

    Can you have the discipline to take 10% and not get FOMO of it going up another 25-30% after you sell?

    On certain positions I set a limit order to take my principal out as soon as it doubles, and then let the free money ride. Definitely missed out on the upside with GME doing this, but others it has paid off. I did this with RIOT as well and have been playing with house shares/money while itís traded sideways for the last few months, further dropping CB selling options.

    It would also depends what your ticket charges look like, it could add up quickly if youíre swing trading some of these positions that would allow you to take profit and buy back in a week or two later.


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  17. #14317
    Join Date
    Aug 2019
    Posts
    217
    Quote Originally Posted by CovertM View Post
    It will work until it doesnít.

    Can you have the discipline to take 10% and not get FOMO of it going up another 25-30% after you sell?

    On certain positions I set a limit order to take my principal out as soon as it doubles, and then let the free money ride. Definitely missed out on the upside with GME doing this, but others it has paid off. I did this with RIOT as well and have been playing with house shares/money while itís traded sideways for the last few months, further dropping CB selling options.

    It would also depends what your ticket charges look like, it could add up quickly if youíre swing trading some of these positions that would allow you to take profit and buy back in a week or two later.


    Sent from my iPhone using Tapatalk
    Yeah dude unless Iím missing something you can trade like mad on Webull with no commission downside. I think you have to stay under 3 day trades a day or something. Not for all trades just for dayish trading in my Roth. I think ima give it a go. I


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  18. #14318
    Join Date
    Nov 2002
    Location
    Behind the Zion Curtain
    Posts
    4,036
    Did a little poking around my portfolio. I started buying midstream last December, bought 22 shares of EPD on The 7th, then slowly increased the position with the largest buy of 70 shares on March 18th. I bought 100 shares of DCP on Dec 29th. I bought 100 shares of MMP on Jan 15th, and then another 46 on March 17th. All of these positions have seen two dividend quarters and have increased.

    I’m up 23.3% on my midstream positions since delving into the sector. I got into it liking the yield and long term contracts supporting the distributions. I think I inadvertently lucked into a growth situation as well. With the cancellation of the Keystone XL pipeline it has apparently made pipes already in the ground more valuable.

    Gonna open a new position on BPMP on Monday, have enough cash from my “trailer paid off fund” and my covered call sales to pick up 86ish shares. They’ve got that sexy high yield I’ve been digging lately.

    I tried to get me a free lunch today anyways, priced my calls too high and ended up paying for my Arby’s. Nothing filled, not even my MO attempt, nor my underpriced wish for more EPD.

    Last summer this money would’ve been spent immediately, learning to let it come to me.

    There are still bargains out there, get yourself some!

  19. #14319
    Join Date
    Jan 2009
    Location
    Squaw valley
    Posts
    3,433
    Quote Originally Posted by bowboybb View Post
    Iíve been thinking about trading meme stocks based on purely momentum, setting sell orders for 10% profits and stop losses for idk 5-10% and taking 10% profits over and over again. Someone tell me why this wouldnít work


    Sent from my iPhone using Tapatalk
    I'm sure you're a smart guy, but doesn't this feel like it's a little too easy?

    I wonder how come nobody else came out with this safe idea.

    But seriously, it will work until it doesn't.

    And if you keep putting increasingly larger amounts of money, you'll lose it all.

    Sent from my Redmi Note 8 Pro using Tapatalk

  20. #14320
    Join Date
    Aug 2019
    Posts
    217
    Quote Originally Posted by rod9301 View Post
    I'm sure you're a smart guy, but doesn't this feel like it's a little too easy?

    I wonder how come nobody else came out with this safe idea.

    But seriously, it will work until it doesn't.

    And if you keep putting increasingly larger amounts of money, you'll lose it all.

    Sent from my Redmi Note 8 Pro using Tapatalk
    Should I test it? Haha start w 20% of portfolio and give it a go. Then keep going with whatever that percent becomes


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  21. #14321
    Join Date
    Nov 2010
    Location
    Valley
    Posts
    376
    Quote Originally Posted by bowboybb View Post
    Should I test it? Haha start w 20% of portfolio and give it a go. Then keep going with whatever that percent becomes


    Sent from my iPhone using Tapatalk
    I believe that we have discussed this back in the thread a bit, but all of the YOLO shit and speculative plays that I talk about (I assume most others as well) is a small percentage of my total invested assets. It fluctuates between 5-10% and I keep it in those ranges as a form of adding discipline. When something works out (GME) I take profits and rotate back into boring long term positions.

    It all depends on risk tolerance and risk capacity, but 20% seems a little heavy and losing that much in a short period of time could add quite the headwind to long term growth.


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  22. #14322
    Join Date
    Jun 2009
    Location
    Matchbox 20
    Posts
    2,317
    Quote Originally Posted by bowboybb View Post
    I’ve been thinking about trading meme stocks based on purely momentum, setting sell orders for 10% profits and stop losses for idk 5-10% and taking 10% profits over and over again. Someone tell me why this wouldn’t work
    The biggest fails for me have always been (1) selling too early and (2) not recognizing the bottom. I sold Amazon, Tesla and Shopify after some really *sweet gains* in 2018. I sold Beyond Meat when it got to $122. It then proceeded to march up to ~$250 without me. They have all mooned many times over since then. Big fail. I failed to realize that great gains are the beginning of the story, not the end.

    As for #2, I successfully sold everything (every fucking thing) at the top in 2018, rode it in 100% cash all the way down till it was like 25% down by Christmas, and then DIDN'T dive back in for the recovery.

    Just to show what a #complete #jong I am, I was also 100% cash in Feb 2020. As 2020 go going and the Covid stock crash recovered ... I didn't reinvest soon enough.

    I'm pretty sure that I have learned nothing from this.

    In other news, the tax man is looking for people that conduct what they call 'business activities' indicated by lots of short term trades. Just be aware that how you play might change your tax treatment.
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  23. #14323
    Join Date
    Feb 2005
    Location
    North Vancouver/Whistler
    Posts
    12,731
    Yolo plays are all about long shots and be prepared to lose it all. Emotions should be divorced from your plays. Hence agreed with CovertM as keeping them a portion of your portfolio sufficient that you won't lose sleep if you go to zero. For ME (emphasis added), 20% of portfolio would be too much.

    Worth looking at this for Yolo candidates.

    https://news.yahoo.com/8-short-squee...191926485.html

    Will look at UPST and SKLZ for additions

  24. #14324
    Join Date
    Mar 2008
    Location
    the ham
    Posts
    9,813
    Quote Originally Posted by bowboybb View Post
    I’ve been thinking about trading meme stocks based on purely momentum, setting sell orders for 10% profits and stop losses for idk 5-10% and taking 10% profits over and over again. Someone tell me why this wouldn’t work
    Quote Originally Posted by bowboybb View Post
    Should I test it? Haha start w 20% of portfolio and give it a go. Then keep going with whatever that percent becomes
    Quote Originally Posted by LeeLau View Post
    Yolo plays are all about long shots and be prepared to lose it all.
    What Lee said cannot be overstated.

    Here's something else to ponder: your stops won't get triggered

  25. #14325
    Join Date
    Jun 2009
    Location
    Matchbox 20
    Posts
    2,317
    Old video but I love what he has to say. He's so chill about these truths.

    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

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