The Rokslide Stock Traders Thread

[NDGuy]

MSTY was such a scam

 

[NDGuy]

FOMC is this week which should move the market a bit. Don't expect too much afterwards until the new year.

 

[Poser]

MSTY was such a scam

Who is our resident MSTY diehard who is (was) living off the dividends? What say he?

 

[Ashy Larry]

I will say I bought some an almost felt dirty for it. I enjoyed the divi for a while and then watched it all crumble. I want to see Bit get back over 100k before I dump it.

 

[Ten Bears]

taking my MSTY loss like a man…it happens.

Holding out hope that BTC makes a run before it goes totally belly up..but I know that’s probably too far away to save it.

 

[MuleyFever]

Who is our resident MSTY diehard who is (was) living off the dividends? What say he?

I just know him as the dude standing next to the cactus.

 

[BigDog00]

When I read your post I realized I said it backwards. It should be 1 (you get) for 5 (you surrender) .


Eddie

I knew what you meant....the bad kind of split. I have a couple of those I've collected over the years. They are basically a virtual paperweight.

 

[grfox92]

Anyone in here trading futures? Im in the process of completing a course and man....there is seems to be no crossover from trading on the traditional market.

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[BoilerBowHunter]

Hold on to your butts.

Progressive debt "is perhaps the natural disease of all Governments. And it is not easy to conceive anything more likely than this to lead to great and convulsive revolutions of Empire".

- Alexander Hamilton, the OG champion for a well-funded public debt

 

[stevewes2004]

taking my MSTY loss like a man…it happens.

Holding out hope that BTC makes a run before it goes totally belly up..but I know that’s probably too far away to save it.

Honestly it might not be. If/when BTC runs again, MSTR could blow up.. again. Options chain and volatility would blow up, leading to MSTY coming back strong.

Really relies on a BTC run at this point.


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[ETtikka]

Anyone in here trading futures? Im in the process of completing a course and man....there is seems to be no crossover from trading on the traditional market.

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I tried it about a decade ago; realized it takes constant attention and I didn’t have the time for it , at the time , very different , very very volatile

 

[go_deep]

I bought into MSTY, basically expecting what happened was going to happen, but hoping it wouldn't.
The first 6 months I used the dividend to buy more MSTY, to build up my dividend, then I switched to purchasing 2 single dividend stocks with the dividends. Right now I'm basically break even, but going to keep using the dividend to buy those 2 single stocks and reinvesting the dividends in them back into themselves.

If crypto takes off the MSTY we're to go back to even close to previous prices, I'd bow out, but the couple hundred a month dividend for what I invested is keeping the ship a float for now.

 

[grfox92]

I tried it about a decade ago; realized it takes constant attention and I didn’t have the time for it , at the time , very different , very very volatile

Yes I feel like I am back in college, and it is a daily thing. Luckily I have mentorship from a guy who does it for a living which is my end goal.

Edit: I never went to college .

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[Beendare]

Dbl post

 

[Beendare]

I feel like I need to update folks one of my mentions a few weeks ago, Crackerbarrel- CBRL.

I stated to wait to buy until tax loss selling is done. Then they had a proxy fight and now their earnings will come out and it's anticipated to be bad.

The "Hold off" call was right on and lets continue to wait- at least until we see those earnings....then we can assess whether this is a short term blip or a long term problem in the industry itself.

 

[Beendare]

Hold on to your butts.

Governments have been printing money for a long time.....sadly this is the easy route. Making gov more efficient is not in their DNA for any party. The only solution is less government and that will only happen if the voter base DEMANDS it.

Musk has detailed a lot of waste with DOGE stating it was about 80% Dems and 20% Reps. Why does this continue? Because the Reps complained loudly. NONE of these politicians are your friend.
Our goal should be less government.

This^ gov stuff seriously affects investing- one cannot ignore it. These bubbles [for lack of a better term] can go on longer than you would think makes sense.....personally I've increased my exposure to the markets. I feel it's necessary to own solid stuff to keep ahead of inflation. Stuff like companies with solid growth and earnings, real estate, etc. I don't own stuff that is backed by nothing.

 

[jbosk15808]

Yes I feel like I am back in college, and it is a daily thing. Luckily I have mentorship from a guy who does it for a living which is my end goal.

Edit: I never went to college .

Sent from my SM-S931U using Tapatalk

Doesn't have to be like that. I trade future's primarily, I may track what happening in the market daily but actually only trading/managing trades every 3 weeks. Certain extreme volatile events (Aug '24, April '25 come to mind) may force me to manage sooner. Because my days change by the hr and I cant be in front the computer all the time, I love the flexibility of having the market open 23hrs/6 days a weeks that futures offer.

 

[2531usmc]

MSTY was such a scam

I honestly dont understand how people could be attracted to the MSTYs of the world when it would be so much easier and more profitable to buy SPY or even XOM.

When you get lucky with the MSTYs of the market, does the payoff really compensate for the risk?

 

[NDGuy]

I honestly dont understand how people could be attracted to the MSTYs of the world when it would be so much easier and more profitable to buy SPY or even XOM.

When you get lucky with the MSTYs of the market, does the payoff really compensate for the risk?

I think it just came at the moment in time folks wanted to catch the BTC train without actually investing in a far gone BTC. And the ETF seemed safer than MSTR.