Never offer investment or money advice. I like you Joe, but your expertise is anything other than how to live an upstanding life.
How bout that stock market?
- Thread starter zeke4ahs
- Start date
I'd just like to point out that the markets have been hot garbage since you started this thread. The Dow is off 1000 points and the S&P is down like 3%. All since you posted this.
You're some kind of bad luck. Repent.
I've been meaning to ask, have you completed your probation yet?
But, couldn't I be an advisor of what NOT to do? Er'body has a role in this world, amiright?
My 8 hours of community service at the food pantry? Yes.
Better than most Chicago arrestees can say.
Your problem is being white. If you were black you’d have gotten off Scott free…
You don’t understand Jet. I hopped a fence at a bar and attempted to enter through the back door.
I am an advocate for prosecuting lower level crime as I think it leads to more violent crime. I should’ve gotten at least 3 years by my standards.
I am a hypocrite. As we all are.
You must have really not liked Paul Krugman, who forecast a stock market collapse and worldwide Depression if Trump was elected in 2016
He's a Nobel Prize winner and he thinks Presidents have a to do with the stock market.
Drive through any suburb of any US city and see the nice neighborhoods and houses. Those are middle class.
What's increased are the lower economic classes, but that's because of government programs that supposedly fight poverty and drugs.
There's no doubt that the distance between classes has increased, but the middle class hasn't gone away.
They are also heavily subsidized, as are most mass transit systems in Europe.we spent two summers in Sweden with my kids playing soccer. We were in Gothenberg as our base of operations. The tram system is incredible and easy to navigate. Sometimes our games were 60 miles away--no problem there because their train system is fast, on time and clean. Absolutely loved that way to get around. For @larsIU --you would be impressed by the amount of meat smoking going in Sweden.
If the government is going to spend money, that's not a bad way to do it, imo. Love the Euroepean (and Scandinavian) train/streetcar system.
DON'T turn anyone onto my master plan !!! I have plans to go public with this later !!!
How many blondes, per Capita, were on those trains?we spent two summers in Sweden with my kids playing soccer. We were in Gothenberg as our base of operations. The tram system is incredible and easy to navigate. Sometimes our games were 60 miles away--no problem there because their train system is fast, on time and clean. Absolutely loved that way to get around. For @larsIU --you would be impressed by the amount of meat smoking going in Sweden.
Buy low, sell lower, but higher volume to make up for it?
no no no, my plan is wait for even higher volume and sell even lower.. That is the brilliance of it all!
Can you two just text me what to buy and when? And when to sell?
Thanks.
Tommy Cracker, where you been? Miss your posts.
I was looking for that stat when all these people were saying crime was down which was complete BS. Thanks for posting!
Seeking Alpha just put out an article this morning about leveraged ETFs using TQQQ as an example. Wonder if that was the spark of sentiment that started it rolling?
Appreciate the love my brother. I just got used to not posting as much as I used to probably because I got tired, worn out of the political argument. My complaint for this board is we don't really have legit political discussions searching for consensus between friends or listening to legit reasons for an impression or response to the discussion topic and for me, understanding why someone feels the way they do is much interesting to me especially if I can better understand and it helps my personal relationships (example my GF's dad is a hell of a social person but is a hard core Maga Soldier so, this board helps me prepare for when we're hanging out with Pops and his buddies. It's tiring though and taking a break from political fighting was a nice break, which is why I haven't participated like I used to. I've been more about preparing vs participating with the cooler).
As far as what stocks to buy, I've had the best success with buying via whatever the specific month prices as a percent of the portfolio and then giving each entry a predetermined stop loss calculated off the specific monthly price.
For me that's a 45% loss rate which is probably too extreme for a lot but that is close to being a 20% NASDAQ loss which is fairly rare but it's more rare when you use multiple entry events.
So an example of how it works is Jan 2020 I'm 100% in the market (with TQQQ) with a calculated max loss off of the price from Sept, Oct, Nov, Dec, Jan, Feb, March, April, May and June....all the start of the month (so the open of the first day, whatever that price is calculated the stop loss).
2020 was the COVID entry and the market severely crashed in Feb and March. It hit my stop losses for Nov, Dec, Jan, Feb and March. However, the market rebounded starting in April as the reliance on tech juiced the market, and that saved my April, May, June, Sept and October entries, which let me have a profitable year. I ended up buying again but waited until the month to get back in. The example meaning by March 2021, I was 100% back in and 2021 was a great year.
Unfortunately 2022 sucked ass and unlike 20, every stop loss was hit. But I started accumulating in Sept 22 so by June 2023 I was 100% back in.
It crushed in 23 and had a hellacious run in 24. I'm currently still 100% in but holy balls the past two weeks have been hot garbage.
Today Tesla had terrible earnings and Google had disappointing earnings which was the big driver of today's shit sandwich, but because of the entry prices my stop losses start at $32 for TQQQ (which is my primary ETF).
Today it ended at 65 so, I'm not close to being exited. I have lost an insane amount of money the past two to three weeks but that's the game and having strict rules and exit strategies allows me to not get too depressed when the market turns into hot garbage. Actually I'm hoping TQQQ stays above 32 because I don't want to have to pay my long term capital gain on my 2025 taxes because it's been a really nice couple of years but inevitably there will be another garbage year in the future.
Thanks Elon. Tesla shit the bed with their earnings release. Google also had a poor performance which crushed tech today.
We're in a bit of a downturn this earnings season. Hopefully it's short term but after hitting it's all time high it's definitely relapsed the past few weeks.
I personally don't like accumulating in late Summer, only because good years tend to mean you're at a peak those months and shitty years typically mean there's more pain.
It's probably dumb logic but back testing July and August have historically been the toughest months as far as profit. The conventional wisdom has always been don't buy Aug, Sept or October because historically the majority of our worst crashes have happened in the fall (think 1929, 1987, 9/11, August 2008, Katrina). Anyway, since 2000 Sept and October entries have been okay and much better than July and August. What's funny to me is that April has been one the the strongest entries, overtaking Jan (Jan is the second best which to me makes sense because Jan is the official measurement for the year but thanks to the COVID year, April has historically been more profitable than every other month post 2000 from my simple back testing. November is pretty good also but April and Jan are dominant. Jan got f#$ked in the COVID year while also struggling in 2011, 2018 and 2022. I think April didn't stop out in 2011 and 2020). Just know, there is no specific sure thing logic that I'm aware of. This is just performance rates per month post 2000.
We're now below or around June's open.
It sucks ass losing around two months of gains. What sucks about TQQQ is you get times like lately where you used to feel that we were so far from a point that we're probably not at risk of it being challenged after having steady growth for around a month and a half....but here we are.
Hot garbage, but my stop out starts around $32, which means a loss on the year so, hopefully it calms the f down and there isn't any drama filled news coming up.
Seems like today was driven by Tesla and Google posting disappointing earnings. My guess is Tesla's decline is due to Elon trying his best to become a right wing populous influencer. So pissing off woke libs is likely the largest potential Tesla buyers and not replaced by his ambition to be an influencer since EV passion is not associated with that base.
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The whole EV industry is in a slump. Has been for a couple months. I doubt it has anything to do with his politics.
I think the Fed has waited too long to lower rates.
I know Elon has F You money and probably doesn't care, but Tesla employees have to be frustrated by his strong political stance. Pissing off the very base that are most likely to buy an EV is a odd way to run a business.
I know some say it doesn't matter, but based on anecdotal evidence I see, it is having an impact.
Hilarious, the guy was a total Dem. He's not stupid and sees through the BS and has made that VERY clear. Hopefully people snap out of whatever spell they have you under. The guy single handedly rescued Free Speech on social media. Otherwise you would have watered down, government influenced, apps. Is that what you want? I don't understand what you dems don't understand about that. Elon, Matt Taibbi, all dems and all attacked by our own government have turned PUB because they see what's happening. When is the light bulb gonna turn on for some of you?
And not picking on you BCC but here's another example. This is tiring man!
In 2019, GovTrack, a non-partisan platform, ranked Kamala Harris as the most liberal senator. Recently, this ranking page was removed from the site, sparking discussions and claims of a cover-up or censorship. Some users and political groups suggest that this action is part of a broader effort to control media narratives and protect the Democratic Party. The incident has raised concerns about transparency and the manipulation of digital records.
This story is a summary of posts on X and may evolve over time. Grok can make mistakes, verify its outputs.
The Mag 7 have been priced for perfection and any hiccup is going to send them lower in the short term. I've been accumulating small caps (SP600) last few months.
From what I’ve read it has nothing to with musk’s politics. People don’t want EV’s. There was a core group horny who got them that’s effectively the EV base that is tapped. So they’re running out of customers. If the other ev companies were going gangbusters I’d say it’s a Musk issue. But they’re not. Some are going under
I love Musk. I’d support Tesla. But I have zero interest in an EV
EV sales in general are slowing vs expectations. Ford and GM have both scaled back plans for EV production. I believe both announced that this week or late last week.
