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Misc Stock Market

GaWx said:
Do any of the regular posters in this thread invest for the long-term a sizeable % of their assets in a broadly diversified basket of non-penny stocks, possibly including some mutual funds, in addition to or even instead of mainly doing short term trading? I know it sounds boring but that's what I've done for several decades and I've been satisfied with the results overall. It kind of takes the pressure off since there are usually no decisions to make. Just ride it out with a longterm bet on broad economic growth, which has been a good bet historically.
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I think a lot of us have our blue chips that make up a good portion of our holdings. I just personally don't talk about them as much because they are stable and grow gradually. I redid my portfolio during the crash last year, gave myself a lot of comeback plays I wouldn't touch for a few years. I went heavy in Boeing, Disney, Delta, Southwest, others. I have 2-3 energy stocks. I've owned Tesla for years. A few Techs, kind of a variety of others. I play the pinks because they are interesting everyday. I don't put large chunks of money into a pink stock because you don't need to and it's not worth the risk(to me). You really only have to hit on one and you are up lifetime. I had my big hit last year, I immediately removed that money from my trading account. The average person won't make money long term in the pinks, just like the average gambler won't at the tables. But personally I've never walked up to a table with 200$ and came out with 10s of thousands of dollars, so I guess I don't consider this pure gambling when I have the ability to research before and after I buy.
 
GaWx said:
Do any of the regular posters in this thread invest for the long-term a sizeable % of their assets in a broadly diversified basket of non-penny stocks, possibly including some mutual funds, in addition to or even instead of mainly doing short term trading? I know it sounds boring but that's what I've done for several decades and I've been satisfied with the results overall. It kind of takes the pressure off since there are usually no decisions to make. Just ride it out with a longterm bet on broad economic growth, which has been a good bet historically.
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My long term retirement is invested in mutual funds that are well diversified. RGAGX and FOCPX are a few examples of mutual funds I have invested in with long term success.

Short term though I do penny/otc stocks mostly due to the gains they offer. If you know what you're doing you can usually make returns in 1-2 days that it would take 2-3 years to make in big board stocks or mutual funds. Last year my realized profit was almost 17,000% from trading penny stocks, life changing for me as I became completely debt free and have enough to buy a house with cash now. For someone who isn't even 30 years old yet, that's a pretty good place to be. They're not for everyone though and very risky, takes years of experience to learn how to profit from penny stocks. I'm 100% against gambling, never have and never will play the lottery or other things like that. To me all investing is a measure of risk vs reward, knowing what you're doing and what generally moves a stock up/down. Pennies are not for long term holds usually, especially with the recent market shift, but they are great for daytrades and flipping.
 
I loathe everything about $GME. Just horrible earnings this week and the call was even worse. I wanted to like their turnaround story but they gave nothing. No guidance, no Q and A, vague bullet points on the future. They slipped a note on the upcoming offering buried in SEC filing.

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GaWx said:
Do any of the regular posters in this thread invest for the long-term a sizeable % of their assets in a broadly diversified basket of non-penny stocks, possibly including some mutual funds, in addition to or even instead of mainly doing short term trading? I know it sounds boring but that's what I've done for several decades and I've been satisfied with the results overall. It kind of takes the pressure off since there are usually no decisions to make. Just ride it out with a longterm bet on broad economic growth, which has been a good bet historically.
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This is just for my IRAs. I had done nothing but mutual funds for the past 20 years and have done quite well. The past decade I have been heavy in tech/growth mutual funds and they have obviously done quite well. I started to dabble in some stocks this year but it's been so choppy I literally went 80% cash yesterday in my IRA's. I met with an investment advisor back in January and she encouraged me to move out of tech heavy funds and into others. I am going to take a couple of weeks and re-think how I invest in my IRA's moving forward.
 
I just blindly follow Jimmy into penny stocks. So far I've followed him into 3 and lost money every time. Waiting for another excellent recommendation. :D:D
 
KyloG said:
I loathe everything about $GME. Just horrible earnings this week and the call was even worse. I wanted to like their turnaround story but they gave nothing. No guidance, no Q and A, vague bullet points on the future. They slipped a note on the upcoming offering buried in SEC filing.

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Yeah im way over it too now, even as somebody who made good money on Gamestop. I bought it super low as a people will be home and playing video games buy. At 40$ I thought I had stole money and was very happy with myself, held a few shares for the stupid ride. But at this point I'm paying the price for it now. The same MM's who lost millions and millions shorting GME are now shorting the hell out of my Penny stocks the last few months. They have billions and can just walk the prices down and make free money. They know down there they won't get called out either.
 
Thor said:
Yeah im way over it too now, even as somebody who made good money on Gamestop. I bought it super low as a people will be home and playing video games buy. At 40$ I thought I had stole money and was very happy with myself, held a few shares for the stupid ride. But at this point I'm paying the price for it now. The same MM's who lost millions and millions shorting GME are now shorting the hell out of my Penny stocks the last few months. They have billions and can just walk the prices down and make free money. They know down there they won't get called out either.
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They've also attacked some of the biggest runners, like PVDG, ILUS, OZSC, etc stocks that have tons of liquidity and have run a lot. I've noticed they're not messing with moody plays, stocks with low liquidity or that haven't run much (like WRFX). The moody plays aren't exciting but man they are so lucrative.
 
Broken024 said:
I just blindly follow Jimmy into penny stocks. So far I've followed him into 3 and lost money every time. Waiting for another excellent recommendation. :D:D
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You need to try one of the Moody plays out there. IALS is closest to merger, then AWGI & SENY will be the next two. Moody is the real deal, he takes penny shells with attractive share structures and reverse merges a real company into them. NXMH, KAVL are a few tickers that he completed the process on and are now quite large companies. You have to be patient and hold for months but when the process finally completes it is usually worth it.
 
Holy FUBO! $400 late day scalp just paid for my anniversary dinner tonight. Limit order filled and I almost bought the exact bottom ? I'm having fun again
 
Jon said:
That’s all I do.

I played pink sheets when I first got started over 5 years ago. It’s not sustainable but it’s good for some tough lessons. Study after study has shown only 20% of penny traders make any money at all annually on their trades.

“According to an SEC study, the median penny stock investor holds their stock for 16 days and realizes a return of -13.4 percent.”

“The median penny stock returns -37 percent per year.
The average penny stock returns -27 percent per year.
Penny stock returns experience positive skew, but the mean is strongly negative. This means that a few penny stocks are big winners, but the gains from the winners are not nearly enough to cover the losses of the losers.”

Sure you might get up 500% and sell and make $10k profit. But then you throw that in something else and lose half, now you have $5k profit. Rinse and repeat. And a 10k profit is generous in this example. Lol.

I’m a huge advocate for long term holding. For these reasons:
1) Tax benefits if you hold and sell stock longer than 1 year
2) EVERY stock I’ve made a substantial amount of money on I’ve held long term
3) less stressful and if your stock drops 30% in a correction you can average down without fear of the stock actually going to 0.

Penny stocks appeal to people who like gambling and that’s all it is. We all know why casinos make money...the house wins.

And don’t get me started on options...
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I love options. I mainly sell them though, don't buy them often (except leaps every so often).
 
The Dow was near 32000 and threatening to test the idea of breaking down at 11 AM yesterday, 30 hours later and it's jumped 1000 points and put in a record closing high.

This index has just been destroying the bears since it poked under 30k a few months ago.
 
snowlover91 said:
My long term retirement is invested in mutual funds that are well diversified. RGAGX and FOCPX are a few examples of mutual funds I have invested in with long term success.

Short term though I do penny/otc stocks mostly due to the gains they offer. If you know what you're doing you can usually make returns in 1-2 days that it would take 2-3 years to make in big board stocks or mutual funds. Last year my realized profit was almost 17,000% from trading penny stocks, life changing for me as I became completely debt free and have enough to buy a house with cash now. For someone who isn't even 30 years old yet, that's a pretty good place to be. They're not for everyone though and very risky, takes years of experience to learn how to profit from penny stocks. I'm 100% against gambling, never have and never will play the lottery or other things like that. To me all investing is a measure of risk vs reward, knowing what you're doing and what generally moves a stock up/down. Pennies are not for long term holds usually, especially with the recent market shift, but they are great for daytrades and flipping.
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17,000% you’re literally the 0.0001% of the penny stock traders. Why don’t you have a YouTube selling classes by now? Your kinda story is what gets people motivated and they lose their ass, but good for you. Lol
 
Jon said:
17,000% you’re literally the 0.0001% of the penny stock traders. Why don’t you have a YouTube selling classes by now? Your kinda story is what gets people motivated and they lose their ass, but good for you. Lol
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Lol I’ve been trading penny stocks for 15 years man, I’ve learned the hard way. Twice I turned $300 into 40k when I first started out then lost it all again from being greedy and dumb choices.

The reason most people lose money in the penny market is they don’t take the time to study the trading patterns, get greedy, and don’t take profit when they have it. I know because when I first started out I lost a lot of money that way and was greedy.

With time by talking to people who were successful I learned what trading strategies work, what catalysts to look for, and how to play it. It’s tougher than the big boards for sure, but if you take the time to learn how they work you can do much better in penny stocks.
 
Jimmy Hypocracy said:
Bro WHAT DID I JUST WITNESS!?

Mother of all melt ups into the close. Incredible
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The Q’s were mere seconds from really giving way and then tutes stepped in to save the day. Now, was that to preserve there quarter end or was that a sign that large cap tech is back. $309.8 had broken, it was gone. People were packing it in and preparing for the worst and then at a snap of a finger it all changed and now everyone is a bull. SPY back close to ATH’s. What correction....

Things that make you go hmmm

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