Talking stocks, trading, and investing in general

[MSchapiro]

I agree with this absolutely, with one little quibble. The second 5% reference is a bit of red herring. As you note, you've already taken the 5% loss on the first trade. The second trade is a new, independent trade that really has nothing to do with the first (except for the facts that you may already have been following the stock, have an attachment to it, etc.) Thinking about "making back" your first 5%(as strong as the natural tendency to see things in such terms may be) muddles the issue. The real question is whether dropping the money for the second trade will make you more money over whatever your time horizon is than employing it somewhere else. I know that's basically what you're saying, but I think that semantically tying the investment decision to that past 5% hit on other money makes it a bit harder to make clear, sensible decisions.

I agree with you, I could have worded it better. The second trade is completely independent from the first.

What do people think of SolarCity? Seems like it's a good play on renewable technology, high tech manufacturing and the direction of future energy Independence.

I held it before and sold it when it hit the $60 range since technically that seemed to be its previous sticking point. It has stuck around there since.

There is money in financing and installation of solar, but their push into manufacturing worries me. Frankly given the incredibly low prices of oil stocks currently I would rather put all my money there and wait out their return while solar progresses a little more.

 

[guyver00]

Just bought me some Vanguard ETF's today, gentlemen, prepare for a market crash tomorrow

 

[chogall]

Just bought me some Vanguard ETF's today, gentlemen, prepare for a market crash tomorrow

NFP tomorrow, long live volatility!

 

[oneeightyseven]

Any options traders here?

 

[lawyerdad]



Any options traders here?

I've dabbled in the past. Only rarely will I do so now. I wouldn't call myself an options trader. More like someone who will on rare occasions make a small options bet with my fun money.
I'm not foolish enough to think it's possible to employ a real options "strategy" that's anything other than a disaster waiting to happen. Seriously, I think of it less as a part of my investment strategy than as akin to my occasional sports betting or poker playing (both small-time).

 

[stevent]



Any options traders here?

It's a good amount of free money each month as long as it's covered. Only write them for more stable stocks so I don't lose the stock

 

[MSchapiro]

Any options traders here?

On rare occasion to cover a position or for long term stocks where I see something with significant potential downside risk.

 

[Master-Classter]

and to think I was actually going to post about SOPW a few days ago when it was down to 1.37, asking if anyone else thought it looked ready for the plucking. Went up like what 20-30% on Friday? Damn, shoulda woulda coulda.


Let's see how LULU does on Tuesday

 

[djblisk]

This market is depressing.

 

[brokencycle]

I didn't have a single thing in the green today (except my shorted stock).

 

[djblisk]

Any good buying opportunities

 

[chogall]

Lever up and BTFD. SPXL TQQQ.

 

[MSchapiro]

I didn't have a single thing in the green today (except my shorted stock).

Yup. Only a small handful of randoms for me.

Been buying a huge amount of energy though. Let's hope long term that pays off.

 

[Master-Classter]

gawd damn it all keeps dropping... there's no end. I'm running out of money to add, oy

 

[lawyerdad]



gawd damn it all keeps dropping... there's no end. I'm running out of money to add, oy

That's one of the problems with the gambler's fallacy -- our funding sources are always finite, while a string of bad luck/timing/judgment/intuition/whatever isn't.