Aggie_2463 said:
Anyone adding RIG at $3.99?
I added some.
Aggie_2463 said:
Anyone adding RIG at $3.99?
Just remembered I had $50 bucks in my old robinhood account still so screw you Fidelity i bought some August 11C calls insteadcptthunder said:
Fidelity is really strange sometimes
I can buy thousands of shares of a graphite mining company that doesnt even have an active mine(WWR), a pharma company with only a pipeline of prospects(ELOX) but I have to sign a Designated Investments Agreement to buy Plains All American Pipeline company that has billions of revenue and just announced a really big deal JV to consolidate the 2 largest oil midstream gathering systems in the entire Permian basin because its a "risky" investment
They were always going to come up with Fedcoin.Prognightmare said:Powell talked about the fed's digital dollar today. Crypto and miners will be worthless IMO when they release that. Personally, I'm done with crypto and miners, I don't care if they go to the moon or to zero (likely). It's not worth the risk for me.OutlawAG04 said:
Not sure who is still in EBON just hit 52 week low. Have some net free left but has anyone seen anything meaningful?
RenoAg said:OutlawAG04 said:
Not sure who is still in EBON just hit 52 week low. Have some net free left but has anyone seen anything meaningful?
Exited both EBON and DPW at significant losses several weeks ago. Both were amongst my earliest purchases after discovering this thread early this year. Not bringing that up to deflect any responsibility for the trades. That's always 100% on each of us. Just wanted to give some context for this next statement: psychological benefit of unloading those dogs was off the chart. Really freed my mind towards focusing on better places to generate profits both via trading and MA. I had no reason to continue to just sit and hope DPW and EBON had any strong prospects to regain their higher stock prices. Just my newbie opinion and experience. Worth what you paid for it.
Side note: does reading this thread post-colonoscopy qualify as degenerate behavior? LOL. I noticed yall didn't fix up WWR or ELOX while I was preoccupied earlier.
Things will turn around next week.$30,000 Millionaire said:
this is literally the worst trading month I've ever had (June 15 - July 15). Hopefully things will turn around for me soon.
What happens if governments, including ours, forbids transactions of cryptos within their borders? If they don't do that, what happens if they regulate the hell out of it?AG 2000' said:They were always going to come up with Fedcoin.Prognightmare said:Powell talked about the fed's digital dollar today. Crypto and miners will be worthless IMO when they release that. Personally, I'm done with crypto and miners, I don't care if they go to the moon or to zero (likely). It's not worth the risk for me.OutlawAG04 said:
Not sure who is still in EBON just hit 52 week low. Have some net free left but has anyone seen anything meaningful?
There's still going to be a market for other crypto, lots of people who won't want every transaction to be under federal scrutiny for wrongpurchase.
Hang tough. You're one of the bedrock's on this thread keeping all of our sanity in check.$30,000 Millionaire said:
this is literally the worst trading month I've ever had (June 15 - July 15). Hopefully things will turn around for me soon.
Look at how bitcoin has grown and there's not a lot of places you can walk in and pay with it.Prognightmare said:What happens if governments, including ours, forbids transactions of cryptos within their borders? If they don't do that, what happens if they regulate the hell out of it?AG 2000' said:They were always going to come up with Fedcoin.Prognightmare said:Powell talked about the fed's digital dollar today. Crypto and miners will be worthless IMO when they release that. Personally, I'm done with crypto and miners, I don't care if they go to the moon or to zero (likely). It's not worth the risk for me.OutlawAG04 said:
Not sure who is still in EBON just hit 52 week low. Have some net free left but has anyone seen anything meaningful?
There's still going to be a market for other crypto, lots of people who won't want every transaction to be under federal scrutiny for wrongpurchase.
If you had the ability to create an e-commerce company and at the same time have the power to eliminate AMZN, EBAY, BABA, etc, wouldn't you do it?
ETA: That's a risk I'm not comfortable taking when I can make money elsewhere.
Hedge funds are short $IWM and various small caps while being long $QQQ and various big cap tech names. This is their bread and butter trade. At some point they will have to cover and I think it will be soon. Likely tomorrow or Friday into opex..
— Will Meade (@realwillmeade) July 14, 2021
Your reasoning and forecast are sound, your timing is just a little early IMO. I've been zeroing in on August. GS and JPM were a good indicator. They beat earnings and dropped. I believe puts on earnings release are the play over the next 5 weeks. There's more headwinds for the market at these levels than there is catalysts to propel it higher. I'd advise everyone to not be on margin or make arrangements to get off of it. I'm not piling on you brother, just offering my opinion.$30,000 Millionaire said:
this is literally the worst trading month I've ever had (June 15 - July 15). Hopefully things will turn around for me soon.
I went ahead and took the L on a bunch having lost trend or SRs. Even though Wednesday it will take a lot to move some back to break even.Spoony Love said:
Days like today are lessons for sure. A few 7/16 options are seriously out of the money and with no time to react while in meetings leaves me just hoping for a jump tomorrow. Man, down 16% in a day is an L for sure.
Hoping tomorrow something turns around to try and preserve some capital.
La Bamba said:
Not a huge Will Meade guy but since there's quite a few here (myself included) invested in small capsHedge funds are short $IWM and various small caps while being long $QQQ and various big cap tech names. This is their bread and butter trade. At some point they will have to cover and I think it will be soon. Likely tomorrow or Friday into opex..
— Will Meade (@realwillmeade) July 14, 2021
What do you mean set up limits?Spoony Love said:
Without knowing mechanically how to set up limits in my account, I rely on my ability to be accessible to it. That didn't happen today and cost me. Live and learn and fight back smarter.
I'm not as familiar with crypto as others and not trying to convince anyone, the potential roadblocks is out of my comfort zone when so many safer places exist to make money.AG 2000' said:Look at how bitcoin has grown and there's not a lot of places you can walk in and pay with it.Prognightmare said:What happens if governments, including ours, forbids transactions of cryptos within their borders? If they don't do that, what happens if they regulate the hell out of it?AG 2000' said:They were always going to come up with Fedcoin.Prognightmare said:Powell talked about the fed's digital dollar today. Crypto and miners will be worthless IMO when they release that. Personally, I'm done with crypto and miners, I don't care if they go to the moon or to zero (likely). It's not worth the risk for me.OutlawAG04 said:
Not sure who is still in EBON just hit 52 week low. Have some net free left but has anyone seen anything meaningful?
There's still going to be a market for other crypto, lots of people who won't want every transaction to be under federal scrutiny for wrongpurchase.
If you had the ability to create an e-commerce company and at the same time have the power to eliminate AMZN, EBAY, BABA, etc, wouldn't you do it?
ETA: That's a risk I'm not comfortable taking when I can make money elsewhere.
I have a hard time seeing bitcoin getting torched. You had Apple, Mastercard, and others start brokering payments with it this spring. Those companies are so in bed with our government, they wouldn't have started down that path if they were going to get told to shut it down.
I agree the world governments will likely make it tougher to use - they don't like competition.
Yeah I am done with margin... I had Robinhood (I know I know) change margin limits from .6 to .75 on WWR over night and margin call me over night.FJ43 said:
#SayNoToMargin
I know man, and the market has informed me I was wrong!Prognightmare said:Your reasoning and forecast are sound, your timing is just a little early IMO. I've been zeroing in on August. GS and JPM were a good indicator. They beat earnings and dropped. I believe puts on earnings release are the play over the next 5 weeks. There's more headwinds for the market at these levels than there is catalysts to propel it higher. I'd advise everyone to not be on margin or make arrangements to get off of it. I'm not piling on you brother, just offering my opinion.$30,000 Millionaire said:
this is literally the worst trading month I've ever had (June 15 - July 15). Hopefully things will turn around for me soon.
Gotcha. Thought you meant Stop Limits or something like that.Spoony Love said:
I use a notification to set a low limit on investments. Once I get there, I reevaluate but I wasn't able to "physically" not mechanically set those today. .
Being in small caps right now must be like being bullied in school. You go to school and get your ass kicked every day!$30,000 Millionaire said:I know man, and the market has informed me I was wrong!Prognightmare said:Your reasoning and forecast are sound, your timing is just a little early IMO. I've been zeroing in on August. GS and JPM were a good indicator. They beat earnings and dropped. I believe puts on earnings release are the play over the next 5 weeks. There's more headwinds for the market at these levels than there is catalysts to propel it higher. I'd advise everyone to not be on margin or make arrangements to get off of it. I'm not piling on you brother, just offering my opinion.$30,000 Millionaire said:
this is literally the worst trading month I've ever had (June 15 - July 15). Hopefully things will turn around for me soon.
Small caps are just puking.
BlueTaze said:La Bamba said:
Not a huge Will Meade guy but since there's quite a few here (myself included) invested in small capsHedge funds are short $IWM and various small caps while being long $QQQ and various big cap tech names. This is their bread and butter trade. At some point they will have to cover and I think it will be soon. Likely tomorrow or Friday into opex..
— Will Meade (@realwillmeade) July 14, 2021
Almost my entire trading portfolio is small caps and SQQQ. Let's hope they soon cover and short the overheated Qs.
Lately my portfolio has been perfectly correlated with Houston weather!
cptthunder said:
I wonder if that next mark for OA on ELOX was $1.50 and this is some of his volume showing up the last 20 minutes
I read it as adding more every $0.15 down and looking at the timing it was around $1.63-$1.65 so could beBREwmaster said:cptthunder said:
I wonder if that next mark for OA on ELOX was $1.50 and this is some of his volume showing up the last 20 minutes
He said .15 in his tweet, did he mean 15 cent increments down?
From here, I'd think we bottom at 52wk low, 1.34? Maybe Meade will be right. I'm long a ton of ELOX, selling puts on it too.
Up 12% AHFJ43 said:
CIDM earnings at 4:30EST