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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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237949 No.237949 [Reply] [Original]

I lost $500 today

>> No.237952

Portfolio down 11% since monday

shoulda sold friday, I had a feeling this was going to happen.

>> No.237957
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237957

lol faggits, aint lost nuffin so far

hahahah ya'll white boys dun goof'd with dem shitcoins hahaha

>> No.237973

>$500

Easily within normal fluctuations.

>> No.238026

>>237952
>tfw portfolio down with 19,7% since monday

>> No.238043

>>237952
Tfw portfoli 75% down since last month...

>> No.238064

>>237949
>>237952
>>238026
>>238043
There's things called stop losses, ya know

>> No.238067

>>238064
Guise, my portfolio is down 80%, you guys said penny stocks were a good investment!

>> No.238075

>>238064
Enjoy buying high and selling low

>> No.238112

>>238064
Yeah these guys don't understand a mechanical fail safe system, you know, the whole

IF
-2.23
THEN
Sell
ELSE
+3.32
THEN
Sell.

Most trading platforms have this function, they just don't use it, either that or they're just greedy and thought their stocks would bounce back miraculously.

>> No.238140

>>238112
You're just gonna lose your money when it dips down that far and jumps back up.

Unless you're trading, you shouldn't care when the stock dips on no news. You should consider selling if some actual news comes that changes your mind about the stock, and makes you think that it is overvalued instead of undervalued.

>> No.238701
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238701

fuckin day traders learn to invest faggot

>> No.238732

i lost $600 the other day. bought an asus pb278 to have most screen real estate to do my dirt on, pretty worth it.

>> No.238734

chump change poorfag

>> No.238740
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238740

>day trading
>not setting stop orders

the city of OP

I made $1000, and there should be plenty of action tomorrow with Fuel Cell stocks.

>> No.238748

If you niggas in this thread have an portfolio with lots of tech or biotech exposure, you're going to be feeling losses. I have about 35% of my portfolio in those sectors. Don't worry IF YOU ARE AN INVESTOR, its just a sell off. Companies like Google, Facebook, Netflix, and Tesla will all make these gains back shortly. Thees are all holds. Tesla would be the first to go tho in cause there is something more to this sell off than just market rotation by the institutions.

Rule number one of investing is that you NEVER sell a valuable asset just because of a loss in value with no news.

If you're a trader, than thats epic fail because you're gambling if you are trying to get greedy, and end up losing your gains.

>> No.238750

>>238140

this

boolean systems were like second on the list of the causes of this last meltdown. shit should be illegal imo.

>> No.239316

I didn't ask for that feel, anon.

I lost 500$ too.

we helium exit now.

>> No.239322

>Acting like losing $500 is a big deal

I remember when I was still in college, too.

>> No.239338

Make it back on PLUG, BLDP, FCEL, or HTM tomorrow and shut the fuck up.

captcha: ryoursef could

How appropriate

>> No.239346
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239346

>>237949
Are you me?

Fuck today.

Literally just drugged myself up with xanax and ambien all day while going through the lifeless motions of my dayjob.

I make such shit money that the stock market is literally my only option for a retirement.

>> No.239353

>>239346
PAL will rebound to .80 area. Hold that mofo nigger.

>> No.239359
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239359

>>239338
>PLUG
>FCEL
>BLDP

Are you really trying to chase money after a 51% increase in these stocks? You would be throwing your money into the stock's highest point before dropping down.

>HTM
I am not familiar with this stock, but afterhours is already up 15%. That's fucking crazy. But I imagine on market open tomorrow it won't increase by that much since AH is pumping it so much.

>> No.239355
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239355

>>237949
>I lost $500 today
Sorry I'm new to the whole game and stocks in general, but wouldn't you only "lose" $500 if you sell at the current price? I don't get it, I mean (theoretically) you lost $500 in assets, but not really, right? Or am I missing/not understanding it very well?

Can someone clarify for me please?

>> No.239356

>>239346
Also check out HTM,shit is gonna rock tomorrow with the conference call. Their earnings were great.

>> No.239360

>>238112
or you could just babysit the stock and sell when you want. you know, the fun part.

>> No.239361

I'm down 8% ever since the Biotech sector started tanking a couple weeks ago.

I wish I had some capital left to average down on my positions.

>> No.239363

>>239359
Yup, because their is still news coming on PLUG and it has been up and down the past 2 weeks. I think it's good for another 20% at least tomorrow.

HTM I own already at .78. Still very undervalued and reported excellent results today. It will break a buck tomorrow easy. It is a longer term hold for me as I expect it in the 1.50 area over the next month or so

The fuel cell makers are momentum plays so the fact they are already up big makes zero difference.

>> No.239366
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239366

How much do you think I was down on circled day, OP?

>> No.239367

>>239338
>PLUG, BLDP, FCEL
why is it all of these got pumped up at the same time today? one person with tons of money or a group of people? i dont get it.

>> No.239374

>>239367
BLDP and FCEL moved in accordance with PLUG and their announcement of a major deal. News for one stock often boosts stocks in the same sector

>> No.239375

>>239363
Didn't they already announce news of a new deal in their ER? Why did re-announcing it suddenly make it jump over 50%?

We all this is going to pullback eventually, will it be a massive drop like after the last pop?

>> No.239381

>>239367
>i dont get it.
two words: penny stock

>> No.239384

>>239375
I have not been following it very closely but wasnt the ER deal about Walmart? I thought this was a totally new deal with a big automaker.

There will be a drop, but I don't think it will come in the next couple days and I don't think it will be as dramatic. This will level out at a higher baseline in my opinion

>> No.239383

>>239363
HTM is 0.97 after hours right now.

Goddamnit I missed the boat.

>> No.239388
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239388

>People taking stock tips on /biz/

Hahahahaha

Pic related. The captcha.

>> No.239389

>>239381
None of those are penny stocks you fucking idiot. And they were not pumped. They moved in relation to news for another stock in their sector. This is very common and you would know this if you werent wasting cash trading weed stocks

>> No.239391

>>239389
>Trading equities at all

Enjoy your 75% correlation to the S&P500. It's almost like you're making real money!

>> No.239393

>>239384
CEO said a new deal was in the works during the ER's CC

I can see PLUG gradually approach $12-$13 until the deal is announced assuming no bad news come out till then. If the deal is anything less then what the market is expecting then this will probably drop faster than last time.

>> No.239396

>>239389
They moved based off of the VW deal that was already all but confirmed among those following PLUG. It will drop back.

>> No.239399

I'm worried that PLUG is going to see some insiders selling before the "major deal" is revealed. I learned my lesson from during the last runup.

>> No.239400

>>237949

when I was 19 I gave my mother my inhertiance (about $50,000) which she bought a 97 camaro with new

so yeah I have to live with that

>> No.239402

>>239391
18 percent return last year. 35% so far this year. I'm doing just fine, thanks.

>> No.239404

>>239393
I think 12 bucks is a very realistic target in the near term.

>> No.239414

>>239346
>wpwr

Classic example of a pump and dump.

>> No.239419
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239419

>>239346
>All those Penny stocks

>> No.239431

>>239404
You just have to hope no major firms release any bad articles or downgrades on PLUG in the near term.

One of the reasons why I barely touch stocks that have extremely high retail ownership, the slightest bit of anything negative will make it drop like a rock.

>> No.239434

>>239402
I returned 46% in a month. Hello?

Are you literally ok with not making 46% a month if you could?

>> No.239437
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239437

Daily reminder that if you're entire net worth isn't going into Disney, you're doing it wrong.

>> No.239444

>>239434
I was up about that as of 2 weeks ago, lost some since. I think the skills of trading learned make up for the slightly lower returns compared to just dropping my money in a fund or index.

>> No.239448

>>239444
My sharpe ratio is 4.67. That means my returns are 4.67 standard deviations away from zero in a normal distribution. Do you think that's from listening to bogus stock tips on this imageboard?

>> No.239454

>>239448
I don't follow the tips here, i just give advice. No idea what you're talking about with sharpe ratio. Please explain.

>> No.239455
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239455

>>239448
As you can see, it's literally off the scale how good I am.

>> No.239460

>>239454
Avg dly chg/stdev dly chg * sqrt(252)

Annualized z-score. :^)

>> No.239470
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239470

>>239355
dubs and still no answer? C'mon, /biz/

>> No.239474

>>239470
Trading books get marked to market.

>> No.239482

>>239454
it means he can fit 4.67 sharpies in his pooper

>> No.239487

>>239482
Haters gonna hate.

>> No.239624

I didn't spend any money but experienced some personal growth because I went to class

>> No.239630

>>239470

the money is lost. meaning if you put $1,000 into some stock and it lost 50% off its value, it would be only worh $500. If you then sold it, you would lose $500. yes, of course it can rise and possibly make that lost cash back and more.

>> No.239683

>>239346
If you think buying penny stocks is going to get you into retirement you're delusional

>> No.239722

>>237949
Big deal. I lost $20K in restricted stock I can't sell right now.

You have to ignore small cuts if you want to be successful.

>> No.239753
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239753

>>239630
>the money is lost
See, that's what I thought. The money isn't really "lost," it's only lost if you sell it then and you don't think the stock can recover. That's a decent answer though, I appreciate it. So the value of your assets is down, but not permanently unless you sell at that time (and obviously it could drop even more).

>> No.239793

>>238748
Why would you hold when you *know* the price will dip? You could increase your holdings by selling high and buying back lower.

>> No.239803

>>239753
This type of logic turns 5% losses into 40% losses because you're too much of a bitch to cut your losses, admit you messed, up and stop the bleeding. One of the worst problems for retail investors, emotions get in the way.

>> No.239817

>>239793
You never know when the price will dip. It may go up first, and then dip after but still be in the black compared to where you would have sold it.

Also, if you are investing long term, then you have to hold for a year to get lower tax rates.

>>239803
If you're investing properly, you will never get 40% losses. If the price goes down, it just means your dividend reinvestment gives you even more value. Of course, if earnings suck and cause you to decide that you made a mistake in evaluating the companies worth, that's a different story. But selling just because the market drops a little and scares you is the very definition of trading with emotion.

>> No.239826

>>237949
Just now figuring out how to be on top of things so you can start investing real money?

>> No.239831
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239831

>>239817
>If the price goes down, it just means your dividend reinvestment gives you even more value.

>> No.239833

>>239831
I'm pretty sure that's a panda dude.

>> No.239852

>>239833
That's not a fucking panda, you illiterate ape.

>> No.239860

>>239852
Neah it's definitely a panda.

>> No.239864

>>239860

Losses are actually positive for you and this is a panda. Sure thing brah.

>> No.239880

So who's selling PLUG in pre market? I bought at $7 yesterday and I'm waiting for my broker to open up pre market trading at 8:00am to unload.

>> No.239905

>>239366
Are you the guy who trades interest rate futures?

>> No.239931

>>237949
lel paper losses I guess from dick-blender trading? Why not value investment good sir? Let me look at the companies and see if I can help you out, it may just be early days afterall.

>> No.239932

>>239346
I swear the OTCMKTS is a drug too you hookers lel, the only way to make money in penny stocks is pump and dumps - for instance - NZE:SNK - is about to be pumped 5 times its value lel.

10/10 wouldn't buy a penny stock even if it was free..

>> No.239954

>>239932
sorry for noob question but how do you know which stocks are to be pumped next?

>> No.239957

>>239954
pump them yourself

>> No.240669

>>239864
It's only a loss if you sell. If no news has changed anything, the inherent value of your holdings hasn't gone down.

>> No.240817
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240817

That feel when lost 62% of my cryptocurrency portfolio in a few days.

>> No.241581
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241581

>>240669
>inherent value

>This guy hasn't heard that only relative value exists yet!

>>239905
Based interest rates

>> No.241622

>tfw when didn't put stoploss in first while trading the 6E future last month...

lost $340 out of a $500 risk in 2 seconds.

silly mistakes.... that you learn from... I'm up 3400$ this month on the 6E alone

>> No.241639
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241639

>>241622
also

>implying the well known "rumors" and ER isn't already built into the price of your stupid stock ur uncle and the rest of /biz/ told you

buy rumor. sell fact should be buy rumor sell rumor...

get in on the rumor asap and sell like a day or 2 later.... let the dumbass retails continue to buy the rumors while you move onto ur next move..

>do you want solid and frequent profit or do you want to buy one stock and hope it goes from $7 to $55 like the rest of the jackasses trying to get rich quick.

>> No.241658

>>237952
>>238026
>>238043
>>238067
I'm up 31% in three days flipping between ERX and ERY. CALL ME SHECKELS GELDGOY!

>> No.241669

Which pump and dump stocks are you guys in?

>AMD - the classic, sell two days before earnings, buy one day after.
>Linn Energy - Wait for the monthly short seller article and buy 10% yield cheap and watch as it always goes back up.

>> No.241676

>>241658
>ERX
>ERY
Thanks. Didn't know about these. Got any tips of future insight you wish to bestow?

I've been trying the JNUG/JDST and DGAZ/UGAZ runs.

>> No.241677

>>241669

Actually I meant to say volatile stocks but my mind got tricked while writing.

>> No.241683

>>241676
It's war time fuck gold, oil is where it is dog. Oil and dollars. Plus King Nignog is going to start selling the concept of exporting hard. Lots of fat on the table, catch my drift?

>> No.241684

>>241683
But these are energy stocks.

What are the bear/bull oil stocks then?

>> No.241699

>>241683
>>241684
sorry for being a dumbfuck. guess energy = oil

http://www.3xetf.com/3x_Oil_ETF

anyways. so you're saying Obongo is going to start exporting some of our energy/oil? So time to start looking at $ERX?

>> No.241712

>>238075
muh sunk costs

>> No.241764

My portfolio is up by 80% or so. I bought in early 2010.

sp500 will go to 2000, and in 10 years it will be 4000.

>> No.241791

>>241764
More like it will go to 50 and in 10 years it will be back up to where it is.

>> No.241792

>>241764
You should be higher than that. But still ok.

>> No.241820

>>241581
If a stock pays you 5 dollars a day in dividend you can be damn sure its worth more than 5 dollars. And if the market offers you 2.50 for it, the smart thing to do would be to say no.

Stop trying to argue with /v/ tier reaction images.

>> No.241836

>>241820
What kind of stock pays you 5 dollars a day in dividends.

>> No.241839

>>241836
>he doesn't trade in cocaine cartel stocks

>> No.241853

>>241839
ironically enough, black markets are some of my favorite investments. I like the risk and if you do things rights the results just cant be beat. Then take the proceeds and do it bigger.

Plus you get the satisfaction of earns off your own labor and not from speculating

>> No.241891

>>241792
It takes a lot of guts to put all your money in the stock market.

I bought some BP when it was 27. But chickened out.

I also bought some Dow chemical below 6 dollars a share, but was day trading at the time and didn't hold it. doh.

>> No.241893

>>241891
>Dow
below 7 dollars a share, actually.

>> No.241894

>>239931
lol look at this guy claiming to be a value investor and trying to push individual stocks

>> No.242252

>>237949
That's NOTHING! In a season or two you'll be throwing MILLIONS out of your car before crashing into an abandoned playground.