We believing the Walrus or what

I've seen that guys tweets a million times. Never noticed that.

Lumber prices skyrocketing. What's the best way to play it? It's extremely pertinent to my interests as I'll be building a custom home in 6 months or so. An investment as a hedge?

https://apple.news/AvveECZALR8eEPasI3Wc8cg

Me too.

59 South said:

---

I need the Larry David gif here. I mean, don't fight momentum. I understand how AMZN can be valued at what it is. I still can't understand TSLA and have never touched it.

---

Try not think of TSLA as a car company; more of a technology/energy play. This helps rationalize the valuation. I traded this stock many years ago between 175 and 250. Made money but was luckily very long when it broke out. As a trader, I am conditioned to let winners run and have been rewarded in TSLA for doing so. My struggle is taking profits (although trailing stops help). I came to realize that TSLA has enormous growth potential via the EV wave and as such, I am a big bull. If it trades much below 1100, I will be a forced seller. Good luck to you.

NIO touched $15

Profit is profit but man I look dumb unloading on Monday at $11.50

Boat Shoes said:

---

Lumber prices skyrocketing. What's the best way to play it? It's extremely pertinent to my interests as I'll be building a custom home in 6 months or so. An investment as a hedge?

https://apple.news/AvveECZALR8eEPasI3Wc8cg

---

WY? Georgia pacific?

deadbq03 said:

---

Ragoo said:

---

Boat Shoes said:

---

Lumber prices skyrocketing. What's the best way to play it? It's extremely pertinent to my interests as I'll be building a custom home in 6 months or so. An investment as a hedge?

https://apple.news/AvveECZALR8eEPasI3Wc8cg

---

WY? Georgia pacific?

---

WOOD

---

Wow

Prognightmare said:

---

210ag said:

---

Another long time lurker here to post.

I've been riding Alibaba since $176. Debating reducing my position to net out and reinvesting elsewhere.

---

1) Lurkers shouldn't be timid about posting. This is the most accepting, helpful place on TexAgs.

2) You will never go broke taking a profit.

3) "Bulls and bears make money, pigs get slaughtered" is longtime wall street advice.

4) What if Trump puts tariffs on China for covid? What if there's a terrorist attack and the markets close for several days like in 2001? How pissed would you be if the market opened up limit down and BABA is cut in half?


Moral of the story, You will never pick the top or the bottom. Being over greedy leads to more losses because you'll try so hard to get back what you had, IF you would have sold.

JMO

---

No offense, but you can absolutely go broke taking profits. I can elaborate if you earnestly believe this (vs citing a cliches) and want to discuss.

Would prefer it to stay at 14.99 until next weekend

I think NIO is going to keep climbing. Trying to decide if I should get back in or wait for a dip that might never happen.

Clsk making a move the last couple of days.

Ragoo said:

---

Boat Shoes said:

---

Lumber prices skyrocketing. What's the best way to play it? It's extremely pertinent to my interests as I'll be building a custom home in 6 months or so. An investment as a hedge?

https://apple.news/AvveECZALR8eEPasI3Wc8cg

---

WY? Georgia pacific?

---

Interested in WY. Also a nat gas play. Anyone in Weyerhaeuser? Thoughts?

I am really really skeptical about ATH on SPX in the next 20 days. It is certainly possible, but I think it will require a major event like stimulus to get there and tech stocks alone will not be able to push it up. Transports and banks are lagging, and the RUT is about ready to tank. Obviously, anything is possible.

FishrCoAg said:

---

Would prefer it to stay at 14.99 until next weekend

---

good luck with that! it looks like it wants 20 in that time frame.

Jet Black said:

---

I think NIO is going to keep climbing. Trying to decide if I should get back in or wait for a dip that might never happen.

---

it will get shorted hard again soon. Was it Wednesday? that it got shorted back to about 12? Then suddenly today it's back near 14. A lot of the chinese stocks are running...this one has some real room to run IMO.

This is good advice imo.

Also know what you are buying. I never trade cyclicals with a 'net free' strategy. Examples are AMD and MU. Semis go through cycles, and this is known. You can make mega profits when they have an upswing, but they're gonna come back down and then back up. You can make a lot of good money playing these. Buy low, sell high. Same with others like O&G...use and abuse those tickers over and over.

Then if you're in taxable accounts you have to consider those tax implications. So you're selling profits and paying taxes on the gains when those gains that you are marginalizing could keep compounding and putting off taxes into the future. I rarely trade shares in my taxable brokerage account. Either buy something safer with good upside like AMZN and plan to hold forever, invest in a SPY/IVV/QQQ/IWM mix and reinvest dividends (or sock away the cash), or trade options. Options are the juice, and cash is king so always have some ready to go in case of a meltdown. If I make a net killing on options in a calendar year, I'm more than happy to pay Uncle Sam for that. The rest is just responsible investing with liquid money that you can tap into if you ever get into a bind.

My swing trades with shares are almost always in 401k brokerage link (Fidelity) or Roth IRA. I also have all options capabilities in Roth IRA and do covered calls. All of this with zero taxes paid now! It's also where most people have more capital. I've read a lot about financial advisors saying to never ever ever invest or trade individual stocks in retirement accounts. That is very true for almost all people, but if you figure out how to do it, you can absolutely kill it due to lack of tax implications.

Yeah, the one issue I've been having is my margin to buy on my cash account is much higher than on my IRA... So I'll get a few acquisitions in and then hit a limit and have to switch over to my cash account to continue acquiring.

In short, my taxes will be an absolute mess.

Covered calls in the Roth are easy ways to generate that extra money that really adds up over time. I'm VTSAX in most of mine, but those few individual stock equities I own, I'm selling month out calls, and either buying more VTSAX or putting aside for another downturn.

NET with an upgrade. One of the few growth stocks I follow that's still in a good buyable area.

n/m

My NIO 7/24 22 covered calls will probably get called out if this continues.

NIO may run from the bell

I like the way WORK is setting up. Has a nice gap to fill around 38 if it can get moving.

McInnis 03 said:

---

NIO may run from the bell

---

nope. Coming back to earth.

McInnis 03 said:

---

McInnis 03 said:

---

NIO may run from the bell

---

nope. Coming back to earth.

---

Be interesting to see what roku does here in the 153 range. Hitting an upper channel on the 4h chart.