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ClutchCityAg
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In reply to I bleed maroon • 12:56p, 12/30/20
I bleed maroon said:
ClutchCityAg said:
My younger brother just graduated and got a new job with 401K matching (I told him always contribute the max), but he has also started a Fidelity account and was looking to put his idle cash to work.

For someone who will be very hands off and not check it often, would he be better off putting this in a mutual fund through fidelity or just buying shares of some solid ETFs? He wants to invest in tech and large caps so I was thinking maybe the ARK funds would be good for him?
If it's truly invest-and-forget-it, it probably doesn't matter. Just minimize fees by choosing low expense ratios and always avoid transaction fees. I personally prefer ETFs, mainly due to being able to trade intraday, and for slightly more control of tax efficiency. You can also use advanced strategies, like writing covered calls on them to boost income.

I'm a fan of the ARK funds and their management philosophy, but they are actively managed and have a higher expense ratio. Worth it? Maybe, but that's a personal choice.
Okay good to know, I will have to have a talk with him about how active he wants to be about managing it.

CrazyRichAg thanks for the tip on Vanguard
Let it ride
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ClutchCityAg
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1:03p, 12/30/20
SIAP.. interesting article comparing GILD to CELG

https://www.griproom.com/fun/gilead-is-the-next-celgene-similarities-between-the-celgene-buyout-and-gilead
Let it ride
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FJ43
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In reply to 2percent • 1:06p, 12/30/20
2percent said:
PearlJammin said:
2percent said:


4. Use stop losses.
5. When a stock you own takes a dip, consider lowering you cost per share by buying more.

How do you reconcile these two? Say you have a position of CIDM at .60. It drops to .55 and your stop loss kicks in. When do you re-enter? When a perceived bottom is reached?
I set my stop losses at 10% from purchase price initially and then adjust them if the stock moves up. This prevents any catastrophic losses on a collapse. Which i have experienced in the past, before i started doing this.

When it triggers i do a little due diligence to see if or when to repurchase. I stated that i am conservative - so a 10% drop means the thing is too volatile for me to play with.
Position sizing is key. I personally do not set my stops on shares at a % but at identified support levels. Then that gap (less 2% below) becomes my risk bottom and I compare to my upside reward exit potential to achieve a risk/reward ratio.

For example if I am entering at $1, and I have identified a stock has support at $0.80, my stop is 2% below the $0.80 set at $0.78. I set 2% vs 1% to try and not get flashed out. So that is a potential loss of $0.22 per share based on support levels alone.

That $0.22 risk per share I have identified then becomes my baseline for risk per share. If I will risk $10 of my account because that is my X oy Y % of risk of account value, I divide the $10 by $0.22 and that determines the maximum of how many shares I buy. Risk is then controlled.

If the stock dips within the support levels like 30k mentioned, then I may buy more if my overall risk has room. If it breaks support I am out.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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McInnis 03
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1:35p, 12/30/20
AG
Not sure if it happens, but I just got net free on TSLA 700 calls for tomorrow. The climb today has been powerful.
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JAggie2007
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In reply to ClutchCityAg • 1:36p, 12/30/20
AG
ClutchCityAg said:
I for one know EXACTLY what I am doing...

...Blindly following OA and others to profits and then blowing much of it on stupid solo plays.
Are you me?
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cptthunder
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1:48p, 12/30/20
With the recent pops in MA and V im thinking of going with some COF Jan 100c if it comes back down to the 8 EMA on the daily to see if it can get the same love
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tramaro1
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In reply to McInnis 03 • 1:55p, 12/30/20
AG
Wanted to get some of these but capital all tied up
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McInnis 03
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In reply to tramaro1 • 1:57p, 12/30/20
AG
Welp, the freebies already cut in half, but I'm going to let it ride on the overnight. TSLA has done crazier things before......
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McKinney Ag69
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2:08p, 12/30/20
AG
Bitcoin up $775. MARA up only .29. Makes total sense.
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McInnis 03
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2:10p, 12/30/20
AG
So, you tax harvesters, what are you selling tomorrow? Could be a good way to get our eyes on some things others may be doing the same thing. #FlashSaleDiscount
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ClutchCityAg
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In reply to JAggie2007 • 2:11p, 12/30/20
JAggie2007 said:
ClutchCityAg said:
I for one know EXACTLY what I am doing...

...Blindly following OA and others to profits and then blowing much of it on stupid solo plays.
Are you me?
Let it ride
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CheladaAg
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2:14p, 12/30/20
AG
RKT with volume
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McInnis 03
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In reply to CheladaAg • 2:15p, 12/30/20
AG
boyz05 said:
RKT with volume
Thought this was "tax harvesting" answer.
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gougler08
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In reply to $30,000 Millionaire • 2:18p, 12/30/20
AG
$30,000 Millionaire said:
if you bought SABR with me, I sold the Feb 14C for $0.65 on 2/3 of my position. This puts entry in the 10s. Decent odds you get called out but that would be an OK trade


Been in SABR since down in the 7s and I'm long on it to fill that gap eventually. I may go ahead and do some covered calls to go net free though
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gougler08
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In reply to McKinney Ag69 • 2:19p, 12/30/20
AG
Challenger 17 said:


What are anyone's thoughts on SNDL? Huge Volume lately.

90-Day Avg. Vol.

165,897,813


I have a lot of GTC buys at $0.40 that I'd love to fill
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MaroonDynasty
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2:19p, 12/30/20
MARA shares are available...

Edit...wow.
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gougler08
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In reply to ClutchCityAg • 2:21p, 12/30/20
AG
ClutchCityAg said:
My younger brother just graduated and got a new job with 401K matching (I told him always contribute the max), but he has also started a Fidelity account and was looking to put his idle cash to work.

For someone who will be very hands off and not check it often, would he be better off putting this in a mutual fund through fidelity or just buying shares of some solid ETFs? He wants to invest in tech and large caps so I was thinking maybe the ARK funds would be good for him?


If he goes the mutual fund route, FCNTX and FSELX have been good to me. VOO instead of SPY if he wants to follow the S&P 500 since it has lower fees
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McKinney Ag69
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In reply to MaroonDynasty • 2:22p, 12/30/20
AG
MaroonDynasty said:
MARA shares are available...

Edit...wow.
Yeah. MARA just took a dump. Strange.
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Bonfire1996
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2:22p, 12/30/20
AG
Every once and a while, you freaking nail a dip. Bought RKT yesterday at $20.275. I'm long as I'm in the industry. I think it's a $50 stock in 18 months.
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gougler08
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In reply to McInnis 03 • 2:23p, 12/30/20
AG
McInnis 03 said:
So, you tax harvesters, what are you selling tomorrow? Could be a good way to get our eyes on some things others may be doing the same thing. #FlashSaleDiscount


Probably dropping NBRV tomorrow but it's already awful so don't see that one helping anyone
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canagian
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In reply to Charismatic Megafauna • 2:24p, 12/30/20
AG
NRD09 said:
canagian said:
NRD09 said:
Y'all don't be bad mouthing zest. Zestd (after rev split/uplisting) has been rocking and rolling. I am thinking about pulling out my capital and going net free though, as i think if the settlement/buyout doesn't happen by Thursday's close there's gonna be a lot of folks pulling their money out of it
This might be premature timing... trial is not slated til March so still plenty of time for a settlement
dude...luckily I went with my gut. Had 300 shares and up 50% so put in an order to sell 200 at 13.3 and only got filled on 150 (see my volume at 1:30pm? lol). Buying opportunity today!
Great timing -- the drop was due to a new share offering at $9. I was ready to buy more at $12, glad I waited...
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McInnis 03
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2:27p, 12/30/20
AG
MARA with the huge retreat......back to it's 5 day moving average.
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ClutchCityAg
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In reply to gougler08 • 2:32p, 12/30/20
gougler08 said:
ClutchCityAg said:
My younger brother just graduated and got a new job with 401K matching (I told him always contribute the max), but he has also started a Fidelity account and was looking to put his idle cash to work.

For someone who will be very hands off and not check it often, would he be better off putting this in a mutual fund through fidelity or just buying shares of some solid ETFs? He wants to invest in tech and large caps so I was thinking maybe the ARK funds would be good for him?


If he goes the mutual fund route, FCNTX and FSELX have been good to me. VOO instead of SPY if he wants to follow the S&P 500 since it has lower fees
What are your thoughts on VOO vs VOOG?
Let it ride
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$30,000 Millionaire
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2:35p, 12/30/20
AG
TSLA could pin 700 tomorrow.
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Ragoo
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In reply to $30,000 Millionaire • 2:36p, 12/30/20
AG
$30,000 Millionaire said:
TSLA could pin 700 tomorrow.
mcfly?
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AgCPA95
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In reply to McKinney Ag69 • 2:39p, 12/30/20
AG
Challenger 17 said:
ONTX volume
And more!
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McKinney Ag69
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2:42p, 12/30/20
AG
WTF. MARA sinking like a lead balloon on record Bitcoin value.
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2percent
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2:47p, 12/30/20
AG
Please correct me if i am wrong but...My problem with MARA is that it is a bitcoin mining company. Its assets are not necessarily Bitcoins on hand. That is why the current value of Mara is not tied directly to bitcoin.
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Hendrix
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2:48p, 12/30/20
AG
I never understood the MARA play. You guys should just invest directly in BTC/ETH. It's really simple to set up and get started. Good luck.
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McInnis 03
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2:51p, 12/30/20
AG
XL is now in the $22's for anyone seeking it.
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TxAG#2011
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In reply to 2percent • 2:53p, 12/30/20
2percent said:
Please correct me if i am wrong but...My problem with MARA is that it is a bitcoin mining company. Its assets are not necessarily Bitcoins on hand. That is why the current value of Mara is not tied directly to bitcoin.
Most crypto miners will immediately sell to XYZ currency after they get the coins and the space is crushing it right now
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Brewmaster
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In reply to McInnis 03 • 2:56p, 12/30/20
AG
McInnis 03 said:
XL is now in the $22's for anyone seeking it.
yep, added more here.
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Philip J Fry
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In reply to Philip J Fry • 3:06p, 12/30/20
AG
Philip J Fry said:
Bitcoin hitting 28K again. Mara better take off tomorrow.


**** you MARA.
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Dan Scott
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3:07p, 12/30/20
AG
I get tax loss selling at year-end but what about taxable gain selling in early January. Traders should have huge gains this year and November and December have been beautiful so would it make sense that people afraid of an already big tax Bill choose to sell in January so they essentially defer taxes on their gains for another year.
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AgCPA95
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In reply to Dan Scott • 3:10p, 12/30/20
AG
Dan Scott said:
I get tax loss selling at year-end but what about taxable gain selling in early January. Traders should have huge gains this year and November and December have been beautiful so would it make sense that people afraid of an already big tax Bill choose to sell in January so they essentially defer taxes on their gains for another year.
Yes but you have to factor that a lot of these gains were made with March 2020 purchases, so those folks would need to wait until one year to get to long-term capital gains rates.....so maybe March - April 2021?
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