Looks like my Pfizer bet just paid off. 
(Topic ID: 175889)
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Picked up a small amount of the Tanger REIT (SKT), going to see how that goes over the next couple months of holiday shopping.
Quoted from Ericpinballfan:I did! Up 45% today!
Anybody else load up on pfizer and get there bonus shares of Viatris this morning?
I love waking up to free stock.
It took me longer than I care to admit to figure out where the Viatris stock came from when I checked my account this morning. I was ready to file a ticket with the broker to figure out if I somehow bought it while under the influence.
1 week later
Quoted from Isochronic_Frost:Friend of mine advised me about ADMP, penny stock at 42¢ and they kinda look shitty. He’s telling me they’ve got some new overdose drug coming down the pipeline and it’s gonna be huge.
Any opinions on that?
Gonna take a hell of a drug to put a dent in Naloxone (Narcan).
1 week later
2 weeks later
Quoted from Markharris2000:Just a Reminder to run a gain/loss report and make any needed 2020 adjustments. Just 3 days left to take some losses (if any) to cover some gains for instance.
So I'm fairly new to all of this. Is that to avoid tax on gains by nulling them out with some losses?
Quoted from Markharris2000:You have to claim all short term gains as regular ordinary income (unless you are playing on an IRA or 401k account)... that means full tax on your day trades and other short term (less than 1 year) trades. But your account may have stocks that tanked and for whatever reason you have felt like holding on to them. Maybe time to think different about those dogs. Many folks benefit in selling those AT A LOSS, and using that loss to directly 1-to-1 remove some of that standard ordinary income. So if you made $50K in profits on short term trades in 2020, you'll have a significant tax burden of $15K or so, but if your account has dog stocks that have LOST $20K in value, you can sell those (if they are dogs anyway) and reduce your reported income by that same $20K... essentially reducing the $50K of reportable ordinary income to $30K (which makes a big difference in what you have to pay come April 15th... saving maybe $6K of real out of pocket money or so)
But this end-year play works best when you own a few dogs that you 'just hope someday' will come back. If you have any of these dogs, just shoot them by Thursday
Thanks! I really appreciate the info!
I definitely fall into the bucket of people that did 401k thinking it was building out my retirement appropriately. This year I have been trying to learn better ways to diversify that out. So far I've put a chunk with Vanguard and just a small amount into a TD Ameritrade account to learn more about the stock market.
Thanks to everyone providing advice or opinions in here, I'm loving reading them and learning from them.
1 week later
Quoted from BMore-Pinball:you never buy enough of the winners
and too much of the losers
Changed my mind and going to let it all ride some more also.
My initial investment is not enough to effect me by taking it out.
HODL!
Get a hardware wallet like a ledger and routinely move your coins to it.
Not your wallet, not your coin.
2 weeks later
Quoted from loren3233:After seeing mixed reviews with coinbase (both positive and negative) I will stay away as I do not understand how people can lose their coins and the customer service seems weak to respond but I thank you for the offer.
You should only use coinbase to buy or sell your coins, you should store them in accounts generated by some form of hardware wallet. If you don't own the private key to your account, you don't own the coins.
Quoted from BMore-Pinball:I keep mine in the Coinbase Vaults not in the wallet
https://help.coinbase.com/en/coinbase/getting-started/other/vaults-faq
Coinbase still owns the private key. That means if coinbase disappears tomorrow, so does access to your coin.
Quoted from robertmee:I've had no issues trading on Ameritrade today.
I've had a few general slowdowns, but thinkorswim has been fine during those times.
Quoted from athenspin:That’s awesome! Even my wimpy position I made in AMC is looking monster right now!!!!
Hell yeah! I love when we all win!
Sold some of my AMC for $11 last night which covered my initial investment. The rest is gravy.
I figure AMC is decent bet long term to get my money back even if it drops back down this week.
Quoted from robertmee:For shits and grins...it's only money right? I put in a pre-order buy at $9 and a sell at $12 for 3,000 shares. I just made $9,000 in 15 minutes.
Awesome!!!!!
Quoted from JodyG:CNBC just pulled the Melvin article down.
Ask yourself why they would exit their position yesterday, then drop this info on CNBC at 5AM the next day when share price is sitting at $340? At this point, it is cheaper to pay the fine to the SEC and hope it saves them $100+/share as they try to close than it is to let it run. Strictly speculation on my part, and this isn't financial advice.
I think it's a ploy by Melvin to make reddit think they won, just enough to save their position a little.
Don't bow out on the dips today!!!!
PS - I'm a financial idiot, don't take my advice, and if you do, don't blame me.
Hold the line! Don't sell on the dips! I bought GME at $230 this morning thinking i was insane.
This is insanity!
Quoted from BMore-Pinball:This is an interesting comment on the yahoo board, any truth to it?
I am new to all of this but I also read there are settings you can potentially set in your account, and i heard a rumor that using cash instead of margin means they can't loan them?
I'd also like to know more from an expert.
Quoted from KornFreak28:How long are you riding GME? This shit is crazy!!!!!
I honestly don't know. I'll post when I drop it. I'm holding for now.
Quoted from BMore-Pinball:and what are the restrictions
I can't find any info about what they are.
Quoted from KornFreak28:Does that mean you can't sell your GME?
The limit order I put in is still there and doesn't indicate anything. I guess I'll call and find out what it means. I'm using a cash account, not margin, so they better not do anything to my ability to buy or sell.
This isn't the pattern day trade warning (which I have gotten).
Edit: Out of curiosity I dropped my limit order to the current price on some shares and they sold. I have no idea what restrictions they put in place but they don't seem to effect me.
Quoted from jester523:Sort of the same. bought a 500 shares at 4.77. Honestly, I have no idea what to do now, lol. I'm a buy and hold investor, and this feels like no limit hold 'em
This totally feels like being at the craps table, and it's not normal.
Also yes, thanks iceman44 for the MAC recommendations, it's been very good to this new investor.
The guy from wallstreetbets being interviewed on CNBC is making some great points.
They are trying to tell him he is in the wrong and he is just tearing holes in everything they say.
I'm out on my positions of everything. Took a small loss on NOK just to be done with the gambling for now.
Great wins on everything else!!!
What's the next MAC though?
Quoted from desertT1:I don’t think MAC is done. This is where a lot of people thought they should be at this point, before anyone started squeezing stuff. I still have my MAC and if it jumps more in the next few days, awesome. If not and this is where it sits, new dividend announcement is set to happen as soon as Friday, so I’ll hold to collect that.
Oh I've still got some MAC, just wondering what the next one is.
Quoted from delt31:I just bought some apple b/c it's plug and play haha
Apple is at a nice sale price right now.
Quoted from Spyderturbo007:To actively trade, you need a margin account, right? Meaning if I wanted to sell AMC at $18 and buy it back at $16 and then sell it at $18, would I need a margin account so I don't trigger that good faith violation thing?
4 round trips in 5 business days will get you flagged, then you have to have $25k in assets to trade, or wait 90 days. I've only been using cash at this time, no margin.
Quoted from Spyderturbo007:Well that sucks. Maybe I should stick to crypto. Sell something, wait 5 minutes, but it back, wait 5 minutes, sell it again. No restrictions since it settles within minutes and sometimes seconds.
I thought I might be able to get in on what's probably going to be a roller coaster today, but I guess not.
This is what it looks like on TD Ameritrade when you get close to the pattern day trader warning.
pasted_image (resized).pngQuoted from BMore-Pinball:Never seen a stock frenzy like this in my 25 years of investing.
So many newbies that really don't understand what they are doing and the potential consequences.
I have employees trading stocks and asking me questions - never had that happen ever
Sadly, this is going to end very poorly for a lot of people
I agree. Even though I'm relatively new at this, a financial adviser friend helped me figure out where to put my long term safe investments, and then we set aside this TD account for me to have a little fun with. This is "fun" money I'd take to vegas or drop on something like a vacation.
Thanks to tips from dudes like @iceman44, so far it's worked out really well!
Quoted from Lamberger:What longs did you get into? if you don't mind me asking.
We put a lot in some various choices at Vanguard.
Quoted from jalkelly:So...do we still like the Stonk? My wife’s boyfriend is asking.
It's my opinion if you get in at this point you are just throwing money away. But I'm also an idiot investor and a complete novice.
Quoted from robertmee:I think with the exception of WolfMarsh, we all left potential profits on the table with AMC. I made $35K, but could have easily doubled that with perfect timing. My son hit it perfectly almost. Bought at 6.67 after market and sold at 21.16 pre-market. He's only 15, so only bought 10 shares, but I owed him $155 in 8 hours
I got super lucky with AMC, but that's my only trade that's ever really been like that. The combined cost basis for all my AMC lots show I got in at 4.42 and out at 15.51 all said and done. Your son did better than I did!
I lost several hundred on zoom a few months back, and I lost $200 on NOK, but had a bad feeling about it and dipped out before I lost more.
I'm personally continuing to watch ice's MAC recommendation, because it has come back down with all the meme stocks. I sold it above 20, and would love to pick it back up around 11.
Quoted from Dkjimbo:I gotta be honest, this stuff is not for the faint of heart. i will admit, i got caught up in the news, the hype, etc. Bought GME at 266. couldnt stomach what i was seeing yesterday any longer and jumped ship at 95. Ten minutes later it spiked at 150 and hovered around 125 for the rest of the day...the pit in my stomach made me sick. Lost a bunch, if i had waited 10 minutes it wouldn't have been as bad but it is what it is. I only had 8 shares but still...not exactly thrilled about losing 1300 or so. is it money i can afford to lose? yes but that Doesnt make it any more fun. im still holding 50 shares of AMC and looking to find a less risky position to try to more appropriately regain some of my losses.
the distraction, anxiety of watching tickers, scanning WSB...im done. expensive lesson learned! i will leave this to the professionals and go back to what I'm good at. Lesson learned...
Don't let it discourage you. I am a super novice and amateur at this, and I've lost money. It certainly hurts and I felt like I let my family down. This reddit stuff was straight up gambling, it wasn't really investing.
Reading through a lot of this thread will teach you some good habits I think. iceman44 has made some really good posts about buying when things are on sale, and his different investment strategies around longer term investments and the covid barbell or whatever he termed it.
Those two tips combined with his MAC tips have helped me get more comfortable with things. I'm the idiot that bought Zoom at almost $500.
Part of the fun of this thread for me is celebrating our wins and mourning our losses together.
Quoted from Dkjimbo:Thanks for the kind words, Sir. it helps!!
I hope this AMC uptick keeps going after market open today. Dont think i can convince myself to buy more of it than the 50 i have already. I bought at 12.65. so down a bit but not nearly the loss of the "GME experiment"
In my opinion, do not buy any more AMC unless it goes below like $2. AMC will survive, it's just going to take a while. If you are willing to hold those 50 shares for a year or two, you'll get your money back in my opinion. Another option is to buy more shares when it's super low to help offset the price of those 50 shares you got at $12.65.
Quoted from Parzival:What does everyone think about the viability/sustainability of day trading? I work from home full time (lots of time to monitor), and have always kept quite a bit of cash in savings (which gets basically nothing in interest).
I recently put 30K into my TD account, and have been doing some simple trades. My thought is to monitor a series of stocks, and day trade one or multiple of them a day depending on trends/market conditions. By doing so, the goal would be to make a couple hundred dollars (or more) more days than I lose a couple hundred or so dollars. I wouldn't plan on holding long term, just round-trips.
I'm relatively young (33), only debt is a mortgage, and have separate retirement accounts. Thoughts/advice?
My only experience "day trading" was the meme stocks, and I did not enjoy that experience very much. As others have mentioned it was very high stress and you have to be glued to the information streams. If I'm going to gamble I'd normally rather do it in a casino where at least i get free drinks.
I'm good playing the long game for a while before I need that kind of rush again.
2 weeks later
Quoted from DBLM:Mongo is pretty prevalent in the Federal sector and in operations where people are doing DevSecOps.
Yep, and even though I'm not going to invest in it, Mongo is one of the top nosql dbs out there. Cosmos is catching on but you can't deploy cosmos on prem.
Thanks to @iceman44, I look at days like these as opportunities to add to my longer term positions because they are on "sale". It's completely changed my mindset on red days for the better.
2 weeks later
Quoted from 6S3NC3:I know there are many AAPL guys on here (me included). If you did not see this yet https://www.fool.com/ext-content/under-the-radar-stock-could-soar-with-release-of-a/?utm_source=yahoo&utm_medium=contentmarketing&utm_campaign=5gsa-supercycle&aid=9467&paid=9467&waid=9467&source=esayhowdg0211573&psource=esayhowdg0211573&wsource=esayhowdg0211573&utm_term=finance.yahoo.com&utm_content=35961974640&testId=a-sa-5g-sc&cellId=0&campaign=sa-5g-sc
I personally think if AAPL teams up with a carmaker for the apple car, we will see Apple have 3+ trillion market cap. Seems like a good buy right now below $120.
Quoted from pinlink:I like TD. And their thinkorswim app for both desktop and mobile is amazing.
Completely agree with this. I've been very happy with TD especially the thinkorswim desktop app.
7 months later
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