The Rokslide Stock Traders Thread

[ez_willie]

I’m totally new at this stocks game. Just thought I would throw alittle money around on these times everything is way down. I get lucky. But did you see how much CHK could have made ya if you would have thrown $100 at it yesterday?

u would have about $50-$60 of that $100 left maybe depending on what you paid for it yesterday. It did a reverse spilt 200:1.

 

[mntnguide]

I’m totally new at this stocks game. Just thought I would throw alittle money around on these times everything is way down. I get lucky. But did you see how much CHK could have made ya if you would have thrown $100 at it yesterday?

It wouldn't have made you anything.. they underwent a huge reverse split... meaning the shares you own get shrunk by X amount depending on the reverse ratio in order to raise their stock price. So you would have only had less shares today than yesterday.. worth the same amount.

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[TCUHunter34]

I’m totally new at this stocks game. Just thought I would throw alittle money around on these times everything is way down. I get lucky. But did you see how much CHK could have made ya if you would have thrown $100 at it yesterday?

CHK is a hard pass in every way. Incredible amount of debt

 

[WesWainscott]

Thanks for the insights. I took it as if you would have gotten in when it was down at .14 before it made the jump you would have been alright? But I guess not. Thanks for clearing it up.

 

[TCUHunter34]

Thanks for the insights. I took it as if you would have gotten in when it was down at .14 before it made the jump you would have been alright? But I guess not. Thanks for clearing it up.

Apple for example has done several splits, where one share becomes two or even where one share becomes seven if I remember correctly. That’s when the company is doing well. The opposite is happening with CHK, that’s why someone referred to it as a reverse split

 

[307_highcountry]

Airline companies are cheap right now...

 

[307_highcountry]

Definitely some good oil company buys right now too

 

[Bait57]

I’m still learning about them as well.

 

[KU_Geo]

For those of you day trading, how are you managing your short term capital gains rate?

 

[HuntHarder]

For those of you day trading, how are you managing your short term capital gains rate?

I am not. It is simply taxed at my normal rate of income. If I hold stocks for a year, I save about 10%. 10% is not a deal breaker for me.

 

[michihunt]

Well, I just decided to dip my toes in the game. Historically just put my money in mutual funds and don’t touch it. I am very conservative fiscally so we will so how long it takes me to think this isn’t fun anymore!


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[Brozonelayer]

For those of you looking to get some OXY, or buy more, are you buying now, or hoping it drops more?

I got in at 15.49 yesterday and I’m not taking a loss so looks like I’m holding on for now. I’m normally a long term guy anyway so I’ll just leave it. Maybe I’ll put in an order to sell at $40 or $50 or sit on it for 5-10 years. Who knows? Maybe buy more if it gets under $10? I’ve never bought individual oil/energy stocks so I don’t really know what I’m doing anyway.

I usually just buy SPY and DIA when I can but have been buying various things lately. It’s been kinda fun so I’m not taking things too seriously.


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[Kimber7man]

I opened minor accounts for my two teenage boys at Vanguard so they can pick stocks and start investing, should set them up well for 40-50 years from now.
Given that, I’m letting them choose.
Starting off with $3k each.
AAPL, MSFT, ATVI (boys are gamers), AMZN are their leading choices.
So, what would you add?

 

[huntaholic123]

Does anyone use/follow a forum that is for investing and day trading? Would like to do some more research and just see what others are doing. Didn't know if there was a decent forum out there worth looking into. Thanks

 

[Yakykgoose]

Switched all the wife and I’s retirement accounts to fixed income or cash yesterday. Sitting on about half a years salary of gains from my vix option plays. Sounds good but just makes me even on an apartment complex flip investment that I’ll probably never see the money back on as the renters stop paying and the guy’s loan defaults. All non emergency cash is in my trading account.

Those of you confused by CNBC, they are probably some of the least informed people in the financial world. They change the headlines up and down constantly and assume cause. When they are right, they are late.

Also, the market is always looking ahead, it’s not about what happens today. It about how it impacts tomorrow. That’s why surprises cause such violent reactions such as the coronavirus. We are now in a long term view of how do we get out of this, how long will it take, what’s the damage, and how long lasting is the damage. The market has priced in a V shaped recovery. Anything less than that will be a disappointment and send prices down but this will likely unfold slowly now like the 2008 crisis as economic impacts slowly ripple out.

My bet is consumer spending is fundamentally stunted virus or not and we’ve only begun to see the defaults.I’m all powder for drop #2 unless vix options get cheap enough and then I’ll trade on the way down. But we’ll see.

 

[AK Shane]

Just started dabbling in stocks over the last few weeks. Held off buying last week because everything was moving upward and it just made no sense and didn't look sustainable. Been picking up some oil related stock this week on the oil price drops: XOM, MRO, OXY. Interesting in grabbing more XOM for the longer term. Picked up a little ALK. Anticipating ALK to drop next week when their earnings are out, then buy more.

I'm still waiting on another market dip, then maybe throw some money into SPY, AAPL, or something along those lines.

Started 529 plans for both my kids with an initial $3k in each account. That was a few weeks ago when the DOW was at 21k. So those look promising. Plan on making some more deposits to those in the near future. Just holding out for the next dip.

 

[joshvollmar]

I agree with some of the comments above, I think this more of a dead cat bounce than anything. I think the Dow is going to fall back into the 14-16 range before this is all over. The only trade off is everything is so volatile right now it is moving a lot every day. I can get in and get out of stocks make my 2-3% and move on. There is money to be made just by looking at short term trends. As for long term I don’t think I would be in for the put it in and don’t look at it strategy quite yet

 

[DangerRanger]

I bought ABT end of last month for my first stock ever, it has been good to me but I do worry things are going to dive again. I’m sitting on the rest of my money just not sure what to do. Not really interested in day trading

 

[HuntHarder]

I am not seeing 14-16 anytime soon. I think it will drop, but I'm thinking 22ish is bottom

 

[NDGuy]

I opened minor accounts for my two teenage boys at Vanguard so they can pick stocks and start investing, should set them up well for 40-50 years from now.
Given that, I’m letting them choose.
Starting off with $3k each.
AAPL, MSFT, ATVI (boys are gamers), AMZN are their leading choices.
So, what would you add?

AMD, Nivida, Sony

Other good options are BRK.B, Visa, Mastercard.