Stimi checks confirmed for today through the weekend, Deposits already confirmed. This is going to be big for GME stocks post market and weekend volumes. Who knows what going to happen monday.
The new normal
A paradox: The U.S. dollar’s reserve currency status, usually seen as a source of American might, is now hindering the Federal Reserve’s monetary sovereignty.
The European Central Bank’s aggressive move this week to expand its “quantitative easing” stimulus program leaves the Fed little choice but to continue its own hyper-expansive policy, even if it wants to end it.
That’s positive for bitcoin and underscores how a failing global financial system needs the kind of alternatives crypto innovators are dreaming up. But it also speaks to the emerging impotence of central banks, including of the most powerful one in the world.
Funny, I tweeted about that today, I compared the Fiat dollar to Crypto from an investment stand point.An interesting recon I saw on Yahoo Finance:
Ignorance. Unfamiliarity. Conceptually speaking, it can be tough to wrap your head around a currency that isn't a physical asset. It's a paradigm shift that will be hard for organizations with older, entrenched leadership to make.Funny, I tweeted about that today, I compared the Fiat dollar to Crypto from an investment stand point.
Crypto has a cap, has inflation, is divisible by thousands, decentralized
Fiat dollar has no cap, barely any inflation, divisible by 100 and is centralized.
Why would you invest in the dollar?
lol, I was too lazy to go back and update spellingIf that is how your stocks are spelled I think you go scammed. Just sayin...
Seems like an apt description of the entire market as a whole right now, TBH...GME again gives me the nerves. Agreed it has to break at some point.
iDesk shows over 1 million in leveraged shorts borrowed today and judging by the very low volume thus far it is setting up to look like a repeat of monday. The technicals of monday match nearly the same today. I would bet they will short within the next few hours in order to have a bullish afternoon in set up for a increase tomorrow. Just my thoughtsI have a buy limit set at a scary low price, expecting the same thing.
It's a vodka and Tums kind of day.
what are you using as your trading platform?I have a buy limit set at a scary low price, expecting the same thing.
It's a vodka and Tums kind of day.
I would agree with you if I wasnt into the whole GME/AMC scene from the very beginning, but being a part of it from the start I see some very new and uncharted territories in the market and trading world shaping up to change the way things will be done in the future for sure. But, with that being said I have already made a pretty good chunk of change from the meme stocks and will continue to be invested in them for a long term play since my average share cost is pretty low and even the ones I bough later int he game are pretty cheap.I can't bring myself to invest any more into this volatile crap than I would put down on a blackjack table. Which is to say not very much at all.
I bought 10 shares of GME months ago at $30 and dumped it all around $270 during the initial crazyness.I would agree with you if I wasnt into the whole GME/AMC scene from the very beginning, but being a part of it from the start I see some very new and uncharted territories in the market and trading world shaping up to change the way things will be done in the future for sure. But, with that being said I have already made a pretty good chunk of change from the meme stocks and will continue to be invested in them for a long term play since my average share cost is pretty low and even the ones I bough later int he game are pretty cheap.
I can tell you that the GME play is far from over and will have some very wild rides ahead of it since the retailers are now wagging the market.
I bought 10 shares of GME months ago at $30 and dumped it all around $270 during the initial crazyness.
Got back in recently at $130, just 2 shares.
Anyone in my close circles know I have actually made my living trading and not in fire/law/or military and I get asked all the time for pointers and when they find out it actually takes work in the forms of reading, research, education and analysis they end up shrugging it off and buying stocks or companies they "like" rather than due diligence and then come back and wonder why they have a week of red and lose money without having things like trailing stops and limit orders in place or even knowing how to read the candlesticks and have alerts set. If someone is earnest in learning then I will sit down with them over a coffee or a drink and help them getting into a good broker and links for research and planning and get them started on penny stocks so they learn volatility right off the bat.A friend at work has really gotten into investing during the pandemic. he will message me and tell me to buy something. I ask him why, if he gives me an emotional answer I ignore him. If he gives me a good logical explaination I buy a little bit. It has worked out well. I am really just investing in a Drew Confidence Index.
Anyone in my close circles know I have actually made my living trading and not in fire/law/or military and I get asked all the time for pointers and when they find out it actually takes work in the forms of reading, research, education and analysis they end up shrugging it off and buying stocks or companies they "like" rather than due diligence and then come back and wonder why they have a week of red and lose money without having things like trailing stops and limit orders in place or even knowing how to read the candlesticks and have alerts set. If someone is earnest in learning then I will sit down with them over a coffee or a drink and help them getting into a good broker and links for research and planning and get them started on penny stocks so they learn volatility right off the bat.
Up until the meme stocks I have always been a long term trader (quarterly) and have been playing my portfolio to the tune of monthly gains. When the meme stocks began I took 2% of my portfolio and started playing them in its own account and it has made more than the last 4 years of my average gains on long term plays in the markets with stocks, bonds, ETF's and some CD's. Thus I have started a more weekly approach as of late and still rely on alerts and limits but I am still never going back to day trading, weekly DD is enough for me.Also why I am not interested in investing more than pocket money. I'm not interested in the research.
Watching the talking heads change their stances every other day and being paid off by the hedgies is hilarious.GME: averaged up $/share this morning on the dip, expecting mad fuckery today. Internetz DD contradicting writeups about shorts being closed is still an interesting topic. Perspective matters, but the tone of stories lately DOES seem quite gloomy and doomy, vs reporting.
AMC: got out, doubled my money, all in all.
As of right now I have been seeing good long term hold for the airlines, cruise lines, ammunition manufacturers, anything 5G related (especially the infrastructure side) and of course any of the top bio/pharma techs are doing well right now. Mining is going to have a substantial increase in value this year as well with the huge increase in EV makers.Ok, guys, I have some spare couch change.
. It’s fairly obvious that travel related businesses are going to go bonkers as we come out of Covid globally.
Any hot tips?
Could be the long game, but some quicker returns would be rad too.
thoughts?
fair enough, at least you can spread your funds over the lower priced stocks so you have a decent spread into more than a few symbols.I don’t know enough to interpret if any of those are “BUY NOW!!!!” Cramer style...