Brian Earl Spilner said:
But hopefully one that will remind people to avoid the meme stocks.
Love ya brother. Hope the job search is going OK.
But I disagree. I'm riding BBAI, MP and FIG to $0. It will serve as my own personal investment seppuku.
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Love ya brother. Hope the job search is going OK.
But I disagree. I'm riding BBAI, MP and FIG to $0. It will serve as my own personal investment seppuku.
South Platte said:Brian Earl Spilner said:
But hopefully one that will remind people to avoid the meme stocks.
Love ya brother. Hope the job search is going OK.
But I disagree. I'm riding BBAI, MP and FIG to $0. It will serve as my own personal investment seppuku.
You don't need to worry about FIG at all.
on the meme stocks, I don't dabble unless I'm at the front of the train. I tend to hear about the meme stocks too late. They rise fast, but then crash fast too. I just think there's too many nefarious players out there pumping various discords and wall street bets etc that are just using those channels for pump and dump.
I've made a good amount on a dozen or so meme stocks, but only during the rare times where I heard about it during the early "pump" phase.
I've made a good amount on a dozen or so meme stocks, but only during the rare times where I heard about it during the early "pump" phase.
Brian Earl Spilner said:
So I have a confession to make to this board. Couple weeks ago, I had a good couple days trading BYND, and made some nice profits. So... I got cocky.
I went in hard a couple Fridays ago, early in the morning, hoping for a quick exit. It immediately dropped like a stone at the opening bell.
You'd think at that point I'd cut my losses and exit. Instead, I doubled down. And then again. And again. Ultimately I ended up selling all my other holdings and throwing in my entire 401k BrokerageLink account into BYND, hoping for a bounce that never came.
The stock ended the day -20%.
And then in AH, it went on to drop another 6%. At which point I finally decided to cut losses.
Ultimately it was a 35% or so haircut on my entire account. Wiped out most of my yearly gains in a matter of hours.
And the worst part is I ignored all the lessons I've learned the last few years.
I guess we all need the occasional wake-up call to stick to our principles and remain disciplined.
An embarrassing admission. But hopefully one that will remind people to avoid the meme stocks.
Sorry man. I really appreciate many of the trades that you have posted here.
I trade with 10% stops because of what I learned during Covid and TQQQ.
Brian Earl Spilner said:
So I have a confession to make to this board. Couple weeks ago, I had a good couple days trading BYND, and made some nice profits. So... I got cocky.
I went in hard a couple Fridays ago, early in the morning, hoping for a quick exit. It immediately dropped like a stone at the opening bell.
You'd think at that point I'd cut my losses and exit. Instead, I doubled down. And then again. And again. Ultimately I ended up selling all my other holdings and throwing in my entire 401k BrokerageLink account into BYND, hoping for a bounce that never came.
The stock ended the day -20%.
And then in AH, it went on to drop another 6%. At which point I finally decided to cut losses.
Ultimately it was a 35% or so haircut on my entire account. Wiped out most of my yearly gains in a matter of hours.
And the worst part is I ignored all the lessons I've learned the last few years.
I guess we all need the occasional wake-up call to stick to our principles and remain disciplined.
An embarrassing admission. But hopefully one that will remind people to avoid the meme stocks.
Lack of discipline is probably what cost me a few years of retirement. I took an account to just about $0 doubling down on stupid stocks and even worse, options. Glad it happened to me early, and now my discipline and risk management is much better.
Brian Earl Spilner said:
So I have a confession to make to this board. Couple weeks ago, I had a good couple days trading BYND, and made some nice profits. So... I got cocky.
I went in hard a couple Fridays ago, early in the morning, hoping for a quick exit. It immediately dropped like a stone at the opening bell.
You'd think at that point I'd cut my losses and exit. Instead, I doubled down. And then again. And again. Ultimately I ended up selling all my other holdings and throwing in my entire 401k BrokerageLink account into BYND, hoping for a bounce that never came.
The stock ended the day -20%.
And then in AH, it went on to drop another 6%. At which point I finally decided to cut losses.
Ultimately it was a 35% or so haircut on my entire account. Wiped out most of my yearly gains in a matter of hours.
And the worst part is I ignored all the lessons I've learned the last few years.
I guess we all need the occasional wake-up call to stick to our principles and remain disciplined.
An embarrassing admission. But hopefully one that will remind people to avoid the meme stocks.
Thank you for posting.
I have done the same on some stocks but didn't go hard.
El Chupacabra said:
I took an account to just about $0 doubling down on stupid stocks and even worse, options. Glad it happened to me early, and now my discipline and risk management is much better.
ABAT and ATLX cleared me out. I had a small account with $15k in it, ran up to $20k, ended up selling with $1,500 left. I've worked it back up to about $3,000, but it was a pride swallowing couple of years.
I feel like part of the process is routinely getting kicked in the stomach to remind ourselves to be sharper. It hurts but as long as you learn from it, you'll be fine.
Mine was the National Bank of Greece during the crisis going on there around 2014, POS had to be recapitalized and wiped me out. Lots of lessons learned though which I carry to this day.
Don't be too hard on yourself. I blew up 6 accounts before I got my head out of my ass.
Good for you, B-E-S! It's all part of the learning process. As someone who has had over a dozen investments that declared bankruptcy (including Enron), I can speak to this - everything turns out OK.
I have found that even more than discipline and stops, my key absolute is regarding position sizing. For any portfolio, I limit a truly speculative holding to no more than 1% of my account (often far less). These implosions will sometimes occur, but this will ease your pain when one of them inevitably takes the big nosedive.
I have found that even more than discipline and stops, my key absolute is regarding position sizing. For any portfolio, I limit a truly speculative holding to no more than 1% of my account (often far less). These implosions will sometimes occur, but this will ease your pain when one of them inevitably takes the big nosedive.
So is it time to double down on wwr again?
I kid. I kid.
I kid. I kid.
Damn, today is a doozie!! I guess we haven't had one of these in a while. Hopefully it just keeps to today and not any further. I guess we'll see!
Thanks guys.
My BMNR position is getting wrecked lol
I think we get a bounce today and the rest of the week, but I'm ready to cut bait on SOXL if it dips below 43 or so.
Yukon Cornelius said:
My BMNR position is getting wrecked lol
Same! Was hoping to get back to a break even at some point and cut ties. But not seeing that anytime soon.
Brian Earl Spilner said:
I think we get a bounce today and the rest of the week, but I'm ready to cut bait on SOXL if it dips below 43 or so.
A nice buying frenzy over the next 2 hours would be a good start
I don't mind holding mine but it is a little annoying
dude, it might be time to just buy SPY and become a passive investor.Brian Earl Spilner said:
I think we get a bounce today and the rest of the week, but I'm ready to cut bait on SOXL if it dips below 43 or so.
Nah, it's just about avoiding penny stocks and meme plays.
Just gotta stick to the rivers and the lakes that I'm used to.
Plus, how would you fill your time on this board if you weren't ridiculing every time one of my trades didn't play out?
Just gotta stick to the rivers and the lakes that I'm used to.
Plus, how would you fill your time on this board if you weren't ridiculing every time one of my trades didn't play out?
You mean my question about your wwr purchase on 10/21? Coincidentally around the time you made another genius play on BYND.
But you are right, I am the one spending a lot of time on this thread convincing myself how good I am at picking bottoms.
But you are right, I am the one spending a lot of time on this thread convincing myself how good I am at picking bottoms.
Just further proving who you are. Being an ass for no good reason.
no good reason? I mean it is your money to piss away. There are also a lot of people on this thread and more still shadow following who may get the impression you know something who also lose money. I'd rather be an ass calling balls and strikes versus being an ass and potentially other people lose money because of my hubris.Brian Earl Spilner said:
Just further proving who you are. Being an ass for no good reason.
Ugly AF
I'm legitimately confused what hubris you think I've ever shown. I often get it wrong, and am the first to admit it when I do.
Nobody here scores on every trade, least of all me, but I've been right a lot more often than I've been wrong, luckily for me. If that wasn't the case I wouldn't still be trading leveraged ETFs.
If you have some other personal beef with me for whatever reason (which you seem like you do), then say it. But don't try to characterize me as something I'm not.
Only one of us here is being an ass.
Nobody here scores on every trade, least of all me, but I've been right a lot more often than I've been wrong, luckily for me. If that wasn't the case I wouldn't still be trading leveraged ETFs.
If you have some other personal beef with me for whatever reason (which you seem like you do), then say it. But don't try to characterize me as something I'm not.
Only one of us here is being an ass.
I hate when you guys fight
Bet yall won't touch tips
zgolfz85 said:
Bet yall won't touch tips
Brian Earl Spilner said:
So I have a confession to make to this board. Couple weeks ago, I had a good couple days trading BYND, and made some nice profits. So... I got cocky.
I went in hard a couple Fridays ago, early in the morning, hoping for a quick exit. It immediately dropped like a stone at the opening bell.
You'd think at that point I'd cut my losses and exit. Instead, I doubled down. And then again. And again. Ultimately I ended up selling all my other holdings and throwing in my entire 401k BrokerageLink account into BYND, hoping for a bounce that never came.
The stock ended the day -20%.
And then in AH, it went on to drop another 6%. At which point I finally decided to cut losses.
Ultimately it was a 35% or so haircut on my entire account. Wiped out most of my yearly gains in a matter of hours.
And the worst part is I ignored all the lessons I've learned the last few years.
I guess we all need the occasional wake-up call to stick to our principles and remain disciplined.
An embarrassing admission. But hopefully one that will remind people to avoid the meme stocks.
Did you stay in it? It 3x'd the following Tuesday. Above even your initial entry point. Then dropped again the following days
Haven't looked at my portfolio today.
PINS down around 18% after hours upon issuing earnings.
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Brian Earl Spilner said:
Nobody here scores on every trade.
I scored on every trade today
I always read this ticker as padre island national seashoreImsodopey said:
PINS down around 18% after hours upon issuing earnings.
there are many examples; two from a Quick Look back to the beginning of the month.Brian Earl Spilner said:
I'm legitimately confused what hubris you think I've ever shown. I often get it wrong, and am the first to admit it when I do.
Nobody here scores on every trade, least of all me, but I've been right a lot more often than I've been wrong, luckily for me. If that wasn't the case I wouldn't still be trading leveraged ETFs.
If you have some other personal beef with me for whatever reason (which you seem like you do), then say it. But don't try to characterize me as something I'm not.
Only one of us here is being an ass.
1) I don't understand why anyone goes net free, your next buy will probably be a loser anyways
2) I don't set stops, I buy on the way down and wait for the bounce.
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