Stocks results so far this year

[WizardofSoda]

So far this year..

S&P 500: +16.6%
Nasdaq: +32.8%

My accounts: +23.8%

@Transcended Trucel

I have been selling stuff lately as I think the market feels like its going to go down, so I am at 40% in cash now.

 

[ShiiOfTheSPLC]

Tbh I'm a zoomer so if I leave to watch TikTok videos for 20 minutes and come back and see that my portfolio hasn't gone up +542% and I'm not getting instant gratification or making a massive profit I will lose interest and sell and move on to something else

Boomers who can sit on an investment for a year waiting for a 23% return mog me to death

 

[Govid_Dorious]

if i had a job i would buy stocks to build my patrimony

 

[WizardofSoda]

Tbh I'm a zoomer so if I leave to watch TikTok videos for 20 minutes and come back and see that my portfolio hasn't gone up +542% and I'm not getting instant gratification or making a massive profit I will lose interest and sell and move on to something else

Boomers who can sit on an investment for a year waiting for a 23% return mog me to death

Ya the stock market is really about patience. To buy I wait until stocks are low, and to sell I wait until they are high. But I don't know how long it will take. I also spread out between 15-20 stocks at a time.

 

[ShiiOfTheSPLC]

Ya the stock market is really about patience. To buy I wait until stocks are low, and to sell I wait until they are high. But I don't know how long it will take. I also spread out between 15-20 stocks at a time.

I usually just go all in on meme stocks

So many times my shit went up like +50% in a day but I was addicted to the dopamine rush of seeing the money go up so I just never sold until I started losing my profits and I never made any money because of that

 

[WizardofSoda]

I usually just go all in on meme stocks

So many times my shit went up like +50% in a day but I was addicted to the dopamine rush of seeing the money go up so I just never sold until I started losing my profits and I never made any money because of that

Its ok when you are learning with not much money. I have preset prices I plan to sell at. But sometimes I don't stick with them. Like I bought DoorDash at $62 in May, I was planning on selling it at $124, aka double.

But it went up to $90 over 3 months, so I was up almost 50%. And then the earnings came and it opened at $85 so I didn't like seeing my gains go down. I wasn't sure what to do, I had actually considered selling it at $90 before the earnings. Then intraday the day after earnings it went up and was up at $89, so I said well I want to take that, lock it in, so I sold there.

Now a couple days later its down at $83. I might buy back in but I haven't decided what price yet.

 

[Zer0/∞]

So is trading your day job?

 

[WizardofSoda]

So is trading your day job?

Ya I used to work in accounting in a back office doing corporate financials and tax returns. But then the company shut down so now I just do stocks full time.

 

[WizardofSoda]

Where I could make the big money but I'm too scared and cucked so far, is to use leverage. You see if you can borrow money at 8% say, and make 25% return. Then you start making huge returns. Because then you are making money on money you borrowed from the bank.

 

[ShiiOfTheSPLC]

Ya I used to work in accounting in a back office doing corporate financials and tax returns. But then the company shut down so now I just do stocks full time.

Based

I plan to do the same

 

[WizardofSoda]

Based

I plan to do the same

Nice accounting its a great profession especially for guys like us.

 

[Linesnap99]

wow. this is unreal.

 

[Linesnap99]

I envy you.

 

[Linesnap99]

Nice accounting its a great profession especially for guys like us.

tbh

 

[Linesnap99]

Now a couple days later its down at $83. I might buy back in but I haven't decided what price yet.

masterplan

 

[Linesnap99]

I also spread out between 15-20 stocks at a time.

mogs me

 

[Linesnap99]

dont you look at dow

 

[Linesnap99]

I usually just go all in on meme stocks

So many times my shit went up like +50% in a day but I was addicted to the dopamine rush of seeing the money go up so I just never sold until I started losing my profits and I never made any money because of that

thats retarded

 

[Transcended Trucel]

So far this year..

S&P 500: +16.6%
Nasdaq: +32.8%

My accounts: +23.8%

@Transcended Trucel

I have been selling stuff lately as I think the market feels like its going to go down, so I am at 40% in cash now.

Pretty good results tbh. I agree with increasing cash reserves somewhat. Many stocks had their growth priced in and when earnings don't exceed an absurd level, they fall atm.

 

[Transcended Trucel]

Tbh I'm a zoomer so if I leave to watch TikTok videos for 20 minutes and come back and see that my portfolio hasn't gone up +542% and I'm not getting instant gratification or making a massive profit I will lose interest and sell and move on to something else

Boomers who can sit on an investment for a year waiting for a 23% return mog me to death

slowly set aside maybe $100 a month and toss it in a mutual fund or big blue chip stock. eventually you'll develop patience with enough time. start small then scale

(((stocks))) are a scam

trying to day trade aggressively or trading penny stocks is mostly a scam. But bigger company stocks are legit, even if someone of them are probably overvalued If you view them by P/E.

Its ok when you are learning with not much money. I have preset prices I plan to sell at. But sometimes I don't stick with them. Like I bought DoorDash at $62 in May, I was planning on selling it at $124, aka double.

But it went up to $90 over 3 months, so I was up almost 50%. And then the earnings came and it opened at $85 so I didn't like seeing my gains go down. I wasn't sure what to do, I had actually considered selling it at $90 before the earnings. Then intraday the day after earnings it went up and was up at $89, so I said well I want to take that, lock it in, so I sold there.

Now a couple days later its down at $83. I might buy back in but I haven't decided what price yet.

Having plan of entry and exit is key. Proper usage of stop losses and accepting that you don't win all the time was another key hard lesson I had to learn.

Where I could make the big money but I'm too scared and cucked so far, is to use leverage. You see if you can borrow money at 8% say, and make 25% return. Then you start making huge returns. Because then you are making money on money you borrowed from the bank.

Yeah it backfires a lot if not done right. I have used put/call options which worked similarly to leverage in some ways before and only broke even in the long run. It's too hard to time it right.

 

[WizardofSoda]

slowly set aside maybe $100 a month and toss it in a mutual fund or big blue chip stock. eventually you'll develop patience with enough time. start small then scale

trying to day trade aggressively or trading penny stocks is mostly a scam. But bigger company stocks are legit, even if someone of them are probably overvalued If you view them by P/E.


Having plan of entry and exit is key. Proper usage of stop losses and accepting that you don't win all the time was another key hard lesson I had to learn.

Yeah it backfires a lot if not done right. I have used put/call options which worked similarly to leverage in some ways before and only broke even in the long run. It's too hard to time it right.

I don't like options for that reason. I buy low and wait for the stock to go up, I don't like a time limit.

 

[Epedaphic]

Nice, gj man. I am gonna come back to read the rest of this thread since I also stockmaxx

 

[WizardofSoda]

The beauty on the stock market is you are trading against annoying normies. Whether individual investors normies or large financial institutions full of normies wagies.

 

[starcrapoo]

i just do weekly buys because over the long term you'll still be up.

I don't even bother with trying to time the market, buy low/sell high.

just do weekly buys and over 1-2 years you'll be up anywhere from 10-20+ percent. Possibly more if you have crypto.

with all the inflation it beats having all of your money in the bank account. gotta diversify.

 

[WizardofSoda]

i just do weekly buys because over the long term you'll still be up.

I don't even bother with trying to time the market, buy low/sell high.

just do weekly buys and over 1-2 years you'll be up anywhere from 10-20+ percent. Possibly more if you have crypto.

with all the inflation it beats having all of your money in the bank account. gotta diversify.

That works well. Over the long run the S&P 500 has averaged 10% a year gains.

 

[Epedaphic]

Is it time to sell.