Stock Trading
Posted: 19 Aug 2022, 08:03
Big congrats on calling NVDA at 191. That was a good trade.
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It only looks like it's down. It's down from Jan 1, 2022.
You're expecting some Administrative reversals.......... but the current situations is wacko with 300b in "student loans" coming from taxpayers.... this is not going to be pretty for a while.Del wrote: ↑23 Aug 2022, 11:36It only looks like it's down. It's down from Jan 1, 2022.
There was a tremendous bubble based on the influx of printed money due to covid (Trump started this, but then Biden double-doubled down). Anyhow, the stock market has returned to normal.... but it still feels like we "lost" the fake growth.
Today, S&P500 index is up 91% since Trump was elected and the economy got back on track. That's nearly double in six years!.... very normal performance. Really. Not bad.
I expect the economy will zoom after Biden's energy policies are reversed. Six years from now, your 401k will be doubled again.
Just keep buying now, while Biden has sanctions against our own economy.
Biden's spending isn't falling on "taxpayers." It's coming at all of us as inflation, which acts just like a very regressive tax. It falls heavily on the poor and doesn't affect the investor class so much.gaining_age wrote: ↑23 Aug 2022, 19:51You're expecting some Administrative reversals.......... but the current situations is wacko with 300b in "student loans" coming from taxpayers.... this is not going to be pretty for a while.Del wrote: ↑23 Aug 2022, 11:36It only looks like it's down. It's down from Jan 1, 2022.
There was a tremendous bubble based on the influx of printed money due to covid (Trump started this, but then Biden double-doubled down). Anyhow, the stock market has returned to normal.... but it still feels like we "lost" the fake growth.
Today, S&P500 index is up 91% since Trump was elected and the economy got back on track. That's nearly double in six years!.... very normal performance. Really. Not bad.
I expect the economy will zoom after Biden's energy policies are reversed. Six years from now, your 401k will be doubled again.
Just keep buying now, while Biden has sanctions against our own economy.
I just made a major adjustment to my retirement IRA portfolio. I took money out of the S&P 500 and put it into an Energy sector index ETF. I also bought a small position in my trading fund, just so I could keep an eye on it.sweetandsour wrote: ↑24 Aug 2022, 07:12 I'm all in cash at the moment, and looking for trades, stocks or etf either one. Most have settled down, but I'm watching SPY now.
Hmmm... SNOW reported earnings yesterday, and beat market expectations. (Estimated to lose $0.51 per share, only lost $0.07 per share.) It gapped up significantly.sweetandsour wrote: ↑25 Aug 2022, 08:10 Snowflake (SNOW) was the hot one this morning, really zooming up, and I got in at 186, and out at 192. I'm still learning the charts.
I tuned in to Fidelity's pre-market discussion, that begins at 8:15 CDT, and typically runs just past market opening at 8:30. One of the analysts began talking about SNOW, and I quickly took a look. I wanted something to get in on in the morning and possibly close out by noon with a profit, because I had things to do all afternoon. SNOW was perfect for a quick buy and sell because I know nothing about it and I only had the morning to watch it. I sold mid-morning sometime, it was ~194, but of course by the time I pulled the trigger I got ~192 and some change. So much for the milliseconds that the big boys have. I see this morning that it's gotten up to 200 now, but I can't worry about that, I made ~3% in an hour +/-, which is really what I have to make to offset taxes I think. Re my charts comment, that was an aside. I still am learning about charts, and so far it almost seems like you can make them indicate whatever you want them to indicate. I know that's not the case, but still. Re Powell's remarks this morning, I can't tell exactly if Mr Market liked them or ignored them, SPX appears to be dropping.Del wrote: ↑26 Aug 2022, 06:31Hmmm... SNOW reported earnings yesterday, and beat market expectations. (Estimated to lose $0.51 per share, only lost $0.07 per share.) It gapped up significantly.sweetandsour wrote: ↑25 Aug 2022, 08:10 Snowflake (SNOW) was the hot one this morning, really zooming up, and I got in at 186, and out at 192. I'm still learning the charts.
This is a one-day fluke, based on the release of new information. No amount of chart-reading skills could predict this.
So tell me, how did your trading day go?
186 was available around 8:50 am.
192 was available around 9:30 - 10 am, then it pulled back for a while. It tested 192 again around 11:30, breaking out just before noon. It topped out just shy of 197.
Did you sell at the 9:30 top? Or did you sell during the 11:30 window? Where you glued to the screen all morning? Or did you set an order and walk away?
It's fun to talk about winning trades, so let's dissect this and learn as much as we can from it. How did you discover that SNOW was moving fast, and what inspired you to jump on?