Anybody Buying Yet? Where’s the Bottom?

[Sytes]

I bought 2 shares of Bank of America stock earlier this year at $35 a share just because I had $70 left after buying some other stock. BAC is up 33% in that small time. I wish now I would have bought a lot more.

The story of my day/swing trading hobby fun.

Even more-so the example of one time tooting my horn on Hunt Talk several years ago about holding 200 shares of NVDA and enjoying the $1100 made at a $5.00 increase per share flipping that buy/sell.

Had I held those... I'd have over a million bucks right now. from that simple $3,600 day/swing trade. UGH! Haha! Anyone have a crystal ball? Mine is a garage sale bowling ball. Sometimes I think a coin flip would have better odds - other times, I think I am an awesome hobby trader.

 

[elkantlers]

The story of my day/swing trading hobby fun.

Even more-so the example of one time tooting my horn on Hunt Talk several years ago about holding 200 shares of NVDA and enjoying the $1100 made at a $5.00 increase per share flipping that buy/sell.

Had I held those... I'd have over a million bucks right now. from that simple $3,600 day/swing trade. UGH! Haha! Anyone have a crystal ball? Mine is a garage sale bowling ball. Sometimes I think a coin flip would have better odds - other times, I think I am an awesome hobby trader.

Dang, that's a heart breaker. I've made some on NVDA but nowhere that much. I think the right thing to do is put a modest amount on several up and comers and then just leave it in hopes that one shoots for the stars.

 

[Benfromalbuquerque]

 

[SD_Prairie_Goat]

View attachment 350693

You lost bro?

This is not the thread for that crap

 

[noharleyyet]

You lost bro?

This is not the thread for that crap

...have you read this thread?

 

[Flatrock]

I think SD PGoat is describing risk management. Triming is easier after a split.

Yea, I'm aware. But I just about completely disagree with this. It's almost always a non-issue. Like I said, I just don't understand people and splits.

 

[SAJ-99]

Yea, I'm aware. But I just about completely disagree with this. It's almost always a non-issue. Like I said, I just don't understand people and splits.

Not saying you are wrong. People don’t make rational economic when it comes to money. If they did, Las Vegas wouldn’t exist.

 

[noharleyyet]

Not saying you are wrong. People don’t make rational economic when it comes to money. If they did, Las Vegas wouldn’t exist.

... there would also be less cannon fodder for Wall St.

 

[Rie Bread]

When you need money you need money. Pretty simple

 

[ismith]

...have you read this thread?

 

[longbow51]

The story of my day/swing trading hobby fun.

Even more-so the example of one time tooting my horn on Hunt Talk several years ago about holding 200 shares of NVDA and enjoying the $1100 made at a $5.00 increase per share flipping that buy/sell.

Had I held those... I'd have over a million bucks right now. from that simple $3,600 day/swing trade. UGH! Haha! Anyone have a crystal ball? Mine is a garage sale bowling ball. Sometimes I think a coin flip would have better odds - other times, I think I am an awesome hobby trader.

If it makes you feel better I'll tell you about the $11K I made by selling Apple. In 2009.

 

[jryoung]

If it makes you feel better I'll tell you about the $11K I made by selling Apple. In 2009.

My friend was hired as a senior manager in tax in 2006, she was bored there coming from the chaos of public accounting and returned to PwC in 15 months. At the time, she left $25,000 worth of stock comp unvested.

 

[Rie Bread]

If it makes you feel better I'll tell you about the $11K I made by selling Apple. In 2009.

Sold apple in 2004 to buy my first shotgun lol. Still have the shotgun and the regret

 

[noharleyyet]

Sold apple in 2004 to buy my first shotgun lol. Still have the shotgun and the regret

...yessir, expensive shotgun

 

[Wildabeest]

In 2105 I bought a Tesla Model S. Sold it in 2021 with ~70k miles for about $40k. Had I put the initial purchase price towards Tesla stock instead of their car, it would have been worth over $2M when I sold the car. No regrets though.

 

[Sytes]

On the other hand, I've held stocks to their near demise...
Examples off the top of the noggin...
SENS
GEVO

 

[Sytes]

Money for nothing and the chicks for free...

And then there's Gronk...

“Obviously this just fits along the lines of just me being myself; I’m going to put $69,000 into Apple stock,” Gronkowski says. “So I call up my financial advisor. I’m like, ‘Put $69,000 in Apple.’ My own money, with no advice like this, is just from the guy who built my house here in the New England area.”

“Now to this day, I have over $600,000 in Apple stock, all because of the investment I made in 2014 having no idea what I was doing, but just listening to the guy that built my house here in New England,” Gronkowski says.

NFL legend Rob Gronkowski’s best-ever investment: $69,000 worth of Apple stock he bought on advice from his contractor

Gronk made the investment when he was just 25-years-old and “didn’t know how stocks work.” It's now more than tripled in value.

fortune.com

 

[noharleyyet]

Money for nothing and the chicks for free...

And then there's Gronk...

“Obviously this just fits along the lines of just me being myself; I’m going to put $69,000 into Apple stock,” Gronkowski says. “So I call up my financial advisor. I’m like, ‘Put $69,000 in Apple.’ My own money, with no advice like this, is just from the guy who built my house here in the New England area.”

“Now to this day, I have over $600,000 in Apple stock, all because of the investment I made in 2014 having no idea what I was doing, but just listening to the guy that built my house here in New England,” Gronkowski says.

NFL legend Rob Gronkowski’s best-ever investment: $69,000 worth of Apple stock he bought on advice from his contractor

Gronk made the investment when he was just 25-years-old and “didn’t know how stocks work.” It's now more than tripled in value.

fortune.com

My FA buddy at the gym hates stories like this.