Anyone investing heavily this year??

How much money did you lose/gain this past week?


  • Total voters
    30
  • Poll closed .
Any body looking at Best Buy calls ($BBY)? They just got upgraded from neutral to buy with a price target of 132 per share. I'm looking at some Feb 26 calls since they have earnings report on the 25th, and have beat them for the last year.

Right now it looks like it has decent support around $103, and resistance at $124.
 
I need to just quit trading. I sold it around $19 premarket saying to myself it ran up hard AH yesterday and is likely to drop opening bell. So i took my profits only to watch it go crazy this morning.

I swear man the market doesn't make sense sometimes.
Set your Trailing stops, brother. They lock in your profits while allowing you to stay in if the stock runs up.
 
here's a tip that might work for others......because i showed my brother this strategy. 2 months ago, he got tired of workin himself
to the bone everyday doing manual labor, and i got tired of him askin me for money....lol. he didnt know jack shit about stocks or
trading or how the shit worked. i explained it to em for about 20 mins.....showed him what to look for,...but most importantly, since
he was very new to it, i gave him this simple strategy. i showed him how to setup a scanner for stocks between $0.60 and $2.
I initially gave him $5k to start. i told him to buy 5,000 shares of a stock that was below a dollar.....and exit after $0.20 gains....regardless of
how high the stock goes. if it reaches that .20 increase.....sell. because that .20 increase is $1,000 profit. and thats what he does daily.
he has since paid me back that $5k and this is his strategy everyday. he quit his job, he can trade when he gets ready, and guaranteed
to make $1,000 a day when he chooses to, and has more time to spend with his daughter. he doesnt try to go for big plays.....he just focuses
on buying 5k shares of a low priced stock.....wait til it increases by 20cents.....and exits. you do the math.

Thanks for this brotha. I think I may try this on a smaller scale once I get my account to 8-10k. Do it with 2k or 2.5k instead of 5 so I'm only using 1/4 of my account at a time :cheers:
 
Keep your eyes on them banks pre-stimulus. I am in $BAC moves slow but have a contract spread out to May for 34/35 strikes. Just turning green and still a solid entry especially if you can get in on a dip.

I've scaled all the way out of $PINS before ER aftermarket. I missed a better entry but overall 20% profit.

I also have 2 contracts in the $60s for $NIO. I'm at a small loss right now since it don't move like it used too. More stable and mature so no major jumps off deliveries etc. I still caked off of it but will have to re-look at strategy on playing it. I'll examine the price movement again tomorrow and make the call whether to hold or take the L.
 
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here's a tip that might work for others......because i showed my brother this strategy. 2 months ago, he got tired of workin himself
to the bone everyday doing manual labor, and i got tired of him askin me for money....lol. he didnt know jack shit about stocks or
trading or how the shit worked. i explained it to em for about 20 mins.....showed him what to look for,...but most importantly, since
he was very new to it, i gave him this simple strategy. i showed him how to setup a scanner for stocks between $0.60 and $2.
I initially gave him $5k to start. i told him to buy 5,000 shares of a stock that was below a dollar.....and exit after $0.20 gains....regardless of
how high the stock goes. if it reaches that .20 increase.....sell. because that .20 increase is $1,000 profit. and thats what he does daily.
he has since paid me back that $5k and this is his strategy everyday. he quit his job, he can trade when he gets ready, and guaranteed
to make $1,000 a day when he chooses to, and has more time to spend with his daughter. he doesnt try to go for big plays.....he just focuses
on buying 5k shares of a low priced stock.....wait til it increases by 20cents.....and exits. you do the math.
This “base hit” strategy works. Swinging for home runs leads to many strike outs.
 
I need to just quit trading. I sold it around $19 premarket saying to myself it ran up hard AH yesterday and is likely to drop opening bell. So i took my profits only to watch it go crazy this morning.

I swear man the market doesn't make sense sometimes.
You don't have to quit trading... You just need to get your knowledge and your skill up. We've all been there, no matter what anyone says. Hell, I'm still learning this shit. It's about numbers and greed. But you gotta think smart.

You're in the right place now though. Ask questions. Yeah, some of these cats may give you a hard time, but it's worth it. I got up and logged onto the computer before the market opened today. Literally within one minute of the opening bell, I made $1,000.

There's enough money in the markets for all of us. I'mma keep it 100, I'm trying to get every Black Man I know into the markets... We need to grab as much money out of that fat bitch's ass as we can. So don't be discouraged. Just keep studying. Take small positions. Get that money, then teach someone else. Good luck.
 
Another stock that has graduated to my scalp list: FUV

Every time it has dipped to $24-$26 (once went back to $19), it has recovered back to $30+.
 
The coordinated manipulation is some real bullshit. $CCIV is currently going through it.
Im tempted to scalp CCIV, separate from my hold shares. If no news comes out, it will likely bleed off for the rest of the day. Tomorrow, it should rally in anticipation of an announcement.
 
Keep an eye out on $CLOV. They are taking a beating and i love it. Looking at the numbers very closely as i consider going in on this 12.5C 2/19 option play.
I know you know about them being under investigation already, but you think it will hit it's high's again?
 
I know you know about them being under investigation already, but you think it will hit it's high's again?

Who the hell knows! But i do know companies like Hindenburg are all about shorting the fuck out of stocks. I opened up that 12.5C 2/19 posiiton and i'm up a little. So i'll have a little over 2 weeks to play the positon. I'm not going to sit on it long..Looking to take a 20-30% profit and i'm out.
 
You don't have to quit trading... You just need to get your knowledge and your skill up. We've all been there, no matter what anyone says. Hell, I'm still learning this shit. It's about numbers and greed. But you gotta think smart.

You're in the right place now though. Ask questions. Yeah, some of these cats may give you a hard time, but it's worth it. I got up and logged onto the computer before the market opened today. Literally within one minute of the opening bell, I made $1,000.

There's enough money in the markets for all of us. I'mma keep it 100, I'm trying to get every Black Man I know into the markets... We need to grab as much money out of that fat bitch's ass as we can. So don't be discouraged. Just keep studying. Take small positions. Get that money, then teach someone else. Good luck.
That's the mindset right there. I'm still learning everyday in this bitch. I got bags I'm holding as big as Monique, and I know better. You're going to make mistakes, just keep learning on how to avoid them. The game will be here for us to eat, can't be too greedy though
 
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@Coldchi and others call out the end of day and AH plays. Out here starving! Need sustenance!
 
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