The Rokslide Stock Traders Thread

[huntabsarokee]

I plan to just buy S&P ETF over the next week or two and if it drops more I will sink a little more cash in. I told my co worker on Friday "didn't we learn anything from Covid?" I may up my 401K to 50% over the next few weeks to buy now even if I have to scale back at the end of the year to stay under maximums.

 

[stevewes2004]

I plan to just buy S&P ETF over the next week or two and if it drops more I will sink a little more cash in. I told my co worker on Friday "didn't we learn anything from Covid?" I may up my 401K to 50% over the next few weeks to buy now even if I have to scale back at the end of the year to stay under maximums.

Yes. There are so many people in the market nowadays compared to even 30yrs ago. I doubt we see another Great Depression style economy like some are saying but what do I know


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[Fowl Play]

I know this is a “trading” thread but has kind of morphed into all things equities. For those trying to time the bottom, I wouldn’t. My personal opinion, is it’s the uncertainty only that is driving this, and it will rebound very quickly with the first news report that china and US are at the table for discussions. I had a chunk of cash from selling other investments, and I’m averaging into the market the whole way down…

 

[stevewes2004]

I know this is a “trading” thread but has kind of morphed into all things equities. For those trying to time the bottom, I wouldn’t. My personal opinion, is it’s the uncertainty only that is driving this, and it will rebound very quickly with the first news report that china and US are at the table for discussions. I had a chunk of cash from selling other investments, and I’m averaging into the market the whole way down…

This is the best play IMO


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[5MilesBack]

We’ll look back at this two years from now and see the buying opportunity of a lifetime

If it drops enough.....sure. But we've seen several buying opportunities of a lifetime in the last 9 years.

 

[5MilesBack]

one might as well just own an index

Sure. Lots of folks do.

I study specific stock and even index charts, and then I put buy orders in at specific prices I find attractive that I think the stocks will eventually hit. I've had a buy order in on NVDA for weeks at a price under $90, it finally triggered this morning along with a few others. But that doesn't mean that they can't still fall another 20%+. I'll have additional buy orders even lower now.

 

[Jqualls]

Sure. Lots of folks do.

I study specific stock and even index charts, and then I put buy orders in at specific prices I find attractive that I think the stocks will eventually hit. I've had a buy order in on NVDA for weeks at a price under $90, it finally triggered this morning along with a few others. But that doesn't mean that they can't still fall another 20%+. I'll have additional buy orders even lower now.

How many of you guys averaging down or doing as 5miles is doing sell cash secured puts as it falls down to a price you want to buy it at.

 

[TaperPin]

Any sign the tariff “negotiations” will settle things down to a reasonable level any time soon sure fly out the window when Peter Navarro (top trade advisor) was interviewed an hour ago and goes on and on about even zero % tariff concessions on the other side being not enough. Follow the money to see what the real justification is.

The 2017 top marginal corporate tax rate was temporarily reduced from 35% to 21% (adding trillions to the national debt). That rate is at risk of going back up and the tariff income comes at a convenient time to be used to justify keeping the corporate rate lower than what most of us pay. Tariff ridiculousness isn’t going anywhere until the new budget and the oligarchs tax breaks gets signed into law. I’m somewhat surprised this isn’t talked about more, but it will be - the writing is on the wall.

 

[cowdisciple]

Any sign the tariff “negotiations” will settle things down to a reasonable level any time soon sure fly out the window when Peter Navarro (top trade advisor) was interviewed an hour ago and goes on and on about even zero % tariff concessions on the other side being not enough. Follow the money to see what the real justification is.

The 2017 top marginal corporate tax rate was temporarily reduced from 35% to 21% (adding trillions to the national debt). That rate is at risk of going back up and the tariff income comes at a convenient time to be used to justify keeping the corporate rate lower than what most of us pay. Tariff ridiculousness isn’t going anywhere until the new budget and the oligarchs tax breaks gets signed into law. I’m somewhat surprised this isn’t talked about more, but it will be - the writing is on the wall.

This is my speculation as well. As soon as they pass this huge deficit spending budget (which is predicated on tariff revenues somehow making up the difference) that's when negotiations will actually start and the tariffs will go away.

Hard to negotiate right now when it isn't at all clear that Trump wants anything from trading partners except to stop selling us stuff. Offers of zero tariffs on both sides don't seem to be making any impression.

 

[eddielasvegas]

Started like it was BM 2.0 but the major indices are turning around nicely.

The VIX tells me it might be short-lived, but no complaints here with the reversal of fortune.


Eddie

 

[mostlybirch]

everyone is buying the dip but nothing is indicates the tariff policies that instigated the decline will let up in fact threats to double down on China, so I bet we are watching a dead cat bounce. I hope not though.

I simply don't understand tariffs on materials we can't get produce stateside like rare earths, potash, titanium, coffee, rubber, etc.

 

[5MilesBack]

The 2017 top marginal corporate tax rate was temporarily reduced from 35% to 21% (adding trillions to the national debt).

Income.......even reduced income does NOT add trillions to the national debt. BORROWING AND SPENDING adds trillions to the national debt.

 

[Poser]

Not even C suite CEOs want to speak out as fear for retribution.

Billionaire Trump backer Bill Ackman warns of 'economic nuclear winter' over tariffs

Bill Ackman says the US president should pause his planned import taxes - or risk shattering investors' confidence.

www.bbc.com

A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk "a self-induced, economic nuclear winter".

On Monday, Mr Ackman's warning was echoed by other prominent Wall Street figures, with JPMorgan Chase chairman Jamie Dimon saying that Trump's tariffs risked pushing up prices for Americans.

 

[grfox92]

I'm not current on this thread and haven't been following market news I just know it's bad.

Do we think it's at the bottom? I have to sell some VGT as my trucks bottom end exploded this weekend. Not expected and need to buy a new truck. I hate to sell this low but don't have a choice. Should have the money back in there in a month or 2.

Someone make me feel better....or worse about selling right now .

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[CorbLand]

I'm not current on this thread and haven't been following market news I just know it's bad.

Do we think it's at the bottom? I have to sell some VGT as my trucks bottom end exploded this weekend. Not expected and need to buy a new truck. I hate to sell this low but don't have a choice. Should have the money back in there in a month or 2.

Someone make me feel better....or worse about selling right now .

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If you can have the money back in there that quickly, you would probably be money ahead financing or financing more of the new pickup and just making extra payments to bring it down.

VGT is down about 15% in the last 7-10 days.

If we knew when the bottom was, most of us would be retired.

 

[BigDog00]

Im definitely no expert, but it's not a time to be selling. You gotta do what you gotta do though. We may see a bounce soon, but I don't think the selling is done. In a month or two we could see some relief, or this could go on for the foreseeable future. It's hard to say.

 

[Fowl Play]

I'm not current on this thread and haven't been following market news I just know it's bad.

Do we think it's at the bottom? I have to sell some VGT as my trucks bottom end exploded this weekend. Not expected and need to buy a new truck. I hate to sell this low but don't have a choice. Should have the money back in there in a month or 2.

Someone make me feel better....or worse about selling right now .

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Sucks you have to sell now. My opinion: Don’t put it back in, in a month or two. Put it in high yield savings. So you can build up an emergency fund in the future and not have to sell at a bad time.

 

[grfox92]

Thanks guys. To be clear I'm not selling a ton. I need to sell like 5 shares to be able buy this truck in cash (I already have some liquid funds / emergency money). I'm not into financing anything at this time.

The timing just sucks. Just bought a horse and a horse trailer and then my truck shit the bed this weekend.

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[ianpadron]

I know this is a “trading” thread but has kind of morphed into all things equities. For those trying to time the bottom, I wouldn’t. My personal opinion, is it’s the uncertainty only that is driving this, and it will rebound very quickly with the first news report that china and US are at the table for discussions. I had a chunk of cash from selling other investments, and I’m averaging into the market the whole way down…

Smart man.

 

[Idaboy]

Billionaire Trump backer Bill Ackman warns of 'economic nuclear winter' over tariffs

Bill Ackman says the US president should pause his planned import taxes - or risk shattering investors' confidence.

www.bbc.com

A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk "a self-induced, economic nuclear winter".

On Monday, Mr Ackman's warning was echoed by other prominent Wall Street figures, with JPMorgan Chase chairman Jamie Dimon saying that Trump's tariffs risked pushing up prices for American

Ackman is one, but he's not a publically traded company, publically traded companies are not saying anything....I would hardly call Dimon's comments harsh, or even critical....