I moved smaller today but only by shifts in mutual funds and cleared some cash for more ICLN buys on dips.Increased a position in big tech. Nearly fully invested now.
Grundy this is awful to hear. I hope you and your family well this coming new year and I pray you find a great job soon.I’m a bit stuck right now. Losing my job the end of next week.
Have a 13 week severance plus a one week payout of unused vacation.
hoping I can get into another good line of work soon and put that severance to real good use...
I am struggling to sell RKT. I cant wait to sell this junk. Even if it rips higher after I sell I don't care. Need it to get above 24 as my average is there.Closed a position that I have wanted out of for a while. Ended in the green with that position, but only by a little.
Thanks!Grundy this is awful to hear. I hope you and your family well this coming new year and I pray you find a great job soon.
Paul
I've been goofing around with the blockchain ETF's and it's a wild experience. Almost unbelievable potential to win big or get crushed just within a few hours.I should know better by now than to buy stuff I don’t research... MARA. Didn’t own it 24 hours LOL. 10% kick in the balls.
I don't consider high short interest to be a deal breaker for a short term investment in a market that is driven by speculation and momentum. If we were in a time where market pricing was rooted in fundamentals and the investment was intended to be long term, short interest would be a red flag to me.If a stock meets your investment requirements, and has high short interest, is it a deal breaker for you?
Big thanks @November Sunrise for the finviz suggestion. It has alot of what I have not found in my core tools. Also rationalstocks.com is good to see what the big investor names are doing.I don't consider high short interest to be a deal breaker for a short term investment in a market that is driven by speculation and momentum. If we were in a time where market pricing was rooted in fundamentals and the investment was intended to be long term, short interest would be a red flag to me.
I'm not familiar with Fintel and their screening tools. I suspect it's similar to the Finviz screener
https://finviz.com/screener.ashx
I'm sitting in one that I'm down quite a bit on but just don't want to let go of it yet. The promise and story is bright along with big insider holdings and institutions buying in at a higher price then where it's at now.Closed a position that I have wanted out of for a while. Ended in the green with that position, but only by a little.
I sure hope you didn't sell. Research it, as long as bitcoin's price holds up the next 6 months are going to be very bright with thousands of bit miners coming online. They announced the purchase of like 33 thousand new miners yesterday.I should know better by now than to buy stuff I don’t research... MARA. Didn’t own it 24 hours LOL. 10% kick in the balls.
The ETF's linked to crypto and that somewhat mirror Bitcoin pricing create exposure well beyond an ordinary holding. One reason is the volatility of Bitcoin means that enormous market corrections can occur over a weekend and that a retail investor will have no way to respond to before the damage is done.I sure hope you didn't sell. Research it, as long as bitcoin's price holds up the next 6 months are going to be very bright with thousands of bit miners coming online. They announced the purchase of like 33 thousand new miners yesterday.
It opened at 14 yesterday due to bitcoin's weekend move.
When I thought it was a scalp play I've said so but it's also a buy and hold at the right price point IMO.
I understand, but this is such a small portion of my holdings that I'm good holding MARA since I more than doubled and sold off half so it's house money now, but I agree, that makes it much easier to sit and watch the trading chaos unfold because it get unruly at times.The ETF's linked to crypto and that somewhat mirror Bitcoin pricing create exposure well beyond an ordinary holding. One reason is the volatility of Bitcoin means that enormous market corrections can occur over a weekend and that a retail investor will have no way to respond to before the damage is done.
For instance, Bitcoin escalated in value quickly from the 24th-27th while the stock market was closed. As a result, BTBT was up over 25% immediately at the open on Monday. Even if an investor had a buy order in place that order was going to get filled at way above the opening price.
Why does that matter? Well if Bitcoin had dropped in value greatly over those four days, an investor could lose 25% of their holdings before their sell order is executed.
This type of volatility is almost unheard of. Anyone who's holding crypto related ETF's overnight should be well aware that the risk is much greater than with almost any other holding.
It's the craziest s**t ever. The miners are even weirder.Oh I dumped it. Tuck my tail and lesson learned. I don’t understand Bitcoin. Which is why I’ve stayed away from it before. I duped myself into the impulse buy in thinking there was quick easy money... I guess some have gambled and got lucky with Bitcoin and related companies.
I don’t understand how you can “mine” a Bitcoin? Sounds like walking around all day picking up pennies but in a tech, mass vacuum kinda way?
You don't understand Bitcoin because you're thinking too deeply.Oh I dumped it. Tuck my tail and lesson learned. I don’t understand Bitcoin. Which is why I’ve stayed away from it before. I duped myself into the impulse buy in thinking there was quick easy money... I guess some have gambled and got lucky with Bitcoin and related companies.
I don’t understand how you can “mine” a Bitcoin? Sounds like walking around all day picking up pennies but in a tech, mass vacuum kinda way?