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24,689,706 Views | 233387 Replies | Last: 2 hrs ago by Ranger222
BlueTaze
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Battle for QQQ 300

Zack Morris is MIA, but other Atlas posters expecting next week to be "fire" (in a good way).

Let's just hope bears dont get greedy and cover with panic selling today...
agdaddy04
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AG
Not sure I could've picked a worse day to move my 401k since it's going to use today's closing price. Here's to a nice after lunch rally.
59 South
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You guys remind me of my 5 year when she just sits on the floor and sobs. The only way to fix it is to give her a hug. Sorry I can't hug you guys right now. BoJo made it illegal here, even eHugs.
mazag08
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AG
NM
Ags2013
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CrazyRichAggie said:


Is CrazyPoorAggie already taken? I might need it soon.
jimmo
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QQQ fightin' the 300 level
McInnis 03
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AG

***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
BrokeAssAggie
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59 South said:

You guys remind me of my 5 year when she just sits on the floor and sobs. The only way to fix it is to give her a hug. Sorry I can't hug you guys right now. BoJo made it illegal here, even eHugs.
What if we have mask on? I have been told it's ok then.
Ags2013
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$30,000 Millionaire said:

turn your computers off and walk away.

EngrAg14
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EngrAg14 said:

leoj said:

TMOOSE said:

So, is it safe to say that this was the huge "correction"


Nope


377 then 358 then 338 then 286..
377 will be hit within the next few days if not tomorrow or Monday.

358 would be the correction territory and large would be 338. If it goes below that there's bigger issues.


We hit 377 but the drop has me sure we're gonna hit 358 now before the end of next week.
This would be a 9.5% correction on SPY from 394 high, so maybe we hit 355 and then bounce after having theb10% correction.

Although I expect a much slower growth cycle this time around.
BlueTaze
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Well if you are going to Roth IRA, should be lower tax impact on your hammered 401K at conversion. Then you get tax free gains in the Roth on the recovery.
FJ43
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Guys when this bottoms and reverses, things (and this thread) will be ripping. Some things will be on fire, somethings meh and some things may take time

Just try your best to have patience and not be an emotional trader. There are and will be great opportunities. Prepare your minds right for that moment.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

ProgN
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59 South said:

You guys remind me of my 5 year when she just sits on the floor and sobs. The only way to fix it is to give her a hug. Sorry I can't hug you guys right now. BoJo made it illegal here, even eHugs.
Visiting numerous Irish pubs would work for me you jolly ole chap.
Carlo4
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Very fitting CLOV is down there near the butt... as it's been a constant pain there for everyone lately.
59 South
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CrazyRichAggie said:

59 South said:

You guys remind me of my 5 year when she just sits on the floor and sobs. The only way to fix it is to give her a hug. Sorry I can't hug you guys right now. BoJo made it illegal here, even eHugs.
What if we have mask on? I have been told it's ok then.
Nope

But evidently come June 21 it's on (LOLOLOLOL)

FJ43
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$30,000 Millionaire
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I bought back a BIGC July $90C that I sold for $24 for $3.60. Woot!!
BrokeAssAggie
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I think OA went fishing. He has been MIA here and on twitter this morning.
mrad85
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McInnis 03
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#NailedIt


***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
KT 90
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Ags2013 said:

$30,000 Millionaire said:

turn your computers off and walk away.



perfect gif for today!
khaos288
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CrazyRichAggie said:

I think OA went fishing. He has been MIA here and on twitter this morning.


Just think.

If you lost enough to buy a car, he probably lost enough to buy a dealership
BCOBQ98
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Put in a qqq limit order for 298. Let's see if it hits.
Jet Black
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$30,000 Millionaire said:

turn your computers off and walk away.


Great advice
Jet Black
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FJ43 said:

Guys when this bottoms and reverses, things (and this thread) will be ripping. Some things will be on fire, somethings meh and some things may take time

Just try your best to have patience and not be an emotional trader. There are and will be great opportunities. Prepare your minds right for that moment.
agdaddy04
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BlueTaze said:

Well if you are going to Roth IRA, should be lower tax impact on your hammered 401K at conversion. Then you get tax free gains in the Roth on the recovery.

I didn't even think about that. What would my tax burden have looked like to do that? Don't think I'd have enough cash to cover that.
$30,000 Millionaire
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bought back $ASAN May 40C I sold for $5.25 for $1.05
AgEE10
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I think he might have his hands full
mazag08
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I think a lot of big shorts will cover into close today.
mc_shipman
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At this point, I'be bought back my covered calls and am out of my options. The stocks don't stress me because, on average, they'll come back at some point. My biggest lament is not having the surplus cash to buy more while it's going down.
$30,000 Millionaire
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I'm down enough to have bought a couple of rolls royces. I always wanted a Phantom.
Carlo4
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agdaddy04 said:

Not sure I could've picked a worse day to move my 401k since it's going to use today's closing price. Here's to a nice after lunch rally.
Good luck to you.

I moved my 401k and IRAs out of the market about 2 months ago as my wife is leaving her job and didn't want to risk more than necessary. I timed that incredibly well and will be looking to take more risk in the future when my wife finds another job.

My investment account is the one taking a hit right now.

I tried to time it in March 2020, and it was a very bad decision for me and learned not to make that mistake. I hope you can get back in it down the line and enjoy the upswing.
kyle field 94
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Think of this as an opportunity to realize losses to offset either gains from earlier this year or later this year.

If you are still wanting to hold onto your Bitcoin miners for example. If you are under water in Mara, then sell Mara (lock in the loss to offset other gains), and buy riot, sos, ebon etc

You still have exposure to Bitcoin and yet take advantage of this downturn

I did this last year when I wanted to still have exposure to oil, so I traded xom vs cvx, and then 31 days later traded back to my original position. Also traded a basket of oil stocks vs xle

The difficult part is sometimes trying to find that stock that behaves similar to a loser that you have. For example, what stock trades similar to clov, that I could do this with?

Also, think about doing this in 31 day increments. Sell Mara, buy riot, then 31 days later flip it back. Then 31 days later, do the same thing again.

Remember to use specific share indentification when selling the shares, to sell the highest price shares, and preferably those that are still short term vs long term
Carlo4
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Chef Elko
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SNDL Jan 2022 $2/$3 call spreads for $0.10 have been filling today. I like the $0.10 risk for $0.90 max profit on a stock like this.
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