One thing I’ve recently done is conduct a personal boycott of CNBC. I used to have it on in the background while working, now I just have relaxing scenic youtubes on all day, much better for the stress level and temptation to tinker.
Seriously though people do not market time it does not work you aren’t smarter than the market. There may be limited circumstances where you have information or just really know a sector well by virtue of your job or whatever, but limit your play money account to 5% of investible assets and try to tune everything out.
After large selloffs it may be a good idea to add some margin, slowly increasing the amount as the selloff continues. Make sure to get rid of the margin slowly on the way back up, reducing all of it once the market gets near its original pre sell off point.
It’s risky, but it historically as worked out and don’t use up all your margin. It may also be better to do in safer blue chip stocks that have sold off rather than riskier ones that may face bankruptcy if the recession lasts a long time.
What happens when your play money account runs hotter than the sun and goes from 5% to 25% of portfolio. Do you keep it segregated or do you reallocate some to back to the general fund.
I don’t get the sense there are many people trading ASTS but idk. I think ASTS has a small but enthusiastic following that is confident the test launch will be successful; they’ve been waiting until close to that date to back the truck up. So maybe they’ll keep pricing in a successful test before it even happens, and then if it does succeed we’ll see a big selloff. (Or if it fails, I have to think the stonk freefalls into the pennies.)
Sold ATHM at $35.44. Total return including dividends was +17.73%, 2/4 to 8/17. S&P -4.67% in that stretch, didn’t look up the dividends in that stretch but presumably ~0.7%.
Not as much as I was hoping for when I bought ATHM, but of course I’ll take it anyway.
Edit to add: Reason I sold was a not so great Q2 earnings report a couple weeks ago and growing concerns the Chinese government could force them to delist the American shares.
In case anyone here is gambling on BBBY or considering it, Ryan Cohen filed a Form 144 to sell his entire stake, so the pump is probably over. But currently WSB’s reaction is “FAKE NEWS!1!1” and “hEdGiEs MuSt Be GeTtInG DeSpErAtE”, so maybe the stonk will momentarily stay suspended in air like Wile E Coyote after he runs off a cliff.
he’s not actually selling and this is the buying opportunity of a lifetime
is what they’re saying
despite their claims it does look like he just dumped it all well I’m sure they totally will not keep hanging on whatever he does despite him laughing his ass off and not even the courtesy to thank them for getting rich
so you can get stupid rich, all you need is somehow your friends and family will give you at 20 years old checks notes 25 million dollars to spend on stock for a dying company then get it to be a meme, dump during the pump
and now he put whatever in some stock that was a penny a week ago and is now a quarter cause the media put that at the end of the article
and here I couldn’t convince my parents to buy UPS stock during a 90’s strike or Alliant Energy back then (I believe both have beat the S&P since)
Freeman acquired his shares in Bed Bath & Beyond when the price of the stock was below $5.50 a share with $25 million he raised from friends and family.
