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re: DWAC - Trump backed media SPAC

Posted on 10/25/21 at 6:41 pm to
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30567 posts
Posted on 10/25/21 at 6:41 pm to
Mark has hurt me too much. Even though I was jelly out the pop I’m glad I didn’t fomo it this morning
Posted by natsoundup
Simpsonville, SC, Jupiter, FL,
Member since May 2013
367 posts
Posted on 10/25/21 at 7:51 pm to
Must be lots of dwac bag holders here. Message board sure dried up
Posted by JDPndahizzy
JDP
Member since Nov 2013
6448 posts
Posted on 10/25/21 at 8:06 pm to
Not me. I was too busy holding bags for PHUN.. like a lot of heavy bags lol
Posted by deltaland
Member since Mar 2011
90787 posts
Posted on 10/25/21 at 9:36 pm to
quote:

Sometimes it’s just better to play the premarket. Get up early as hell, but it, then sell right before open and take your 20-30 percent gain. Or over 200 in this case. People do that, but it takes some discipline because you hope that it rockets higher


My problem is I can’t do this without being flagged as a day trader because I don’t have over 25k

Well I can do it, just only 3 times every 5 days
Posted by deltaland
Member since Mar 2011
90787 posts
Posted on 10/25/21 at 9:37 pm to
I got in on mark at 2 dollars and still holding. Wish I had sold when it hit 9 but I got greedy hoping for 12-15

I bet it may jump again. If it gets to 5 I’ll probably sell this time
Posted by nopants
Luling, La
Member since Aug 2006
886 posts
Posted on 10/26/21 at 7:38 am to
quote:

Must be lots of dwac bag holders here.


Sold the rest of mine this morning in pre-market and doubled my initial investment, easy money.
Posted by Retrograde
TX
Member since Jul 2014
2900 posts
Posted on 10/26/21 at 8:19 am to
I bought at 25 and sold most at 121. Holding bags of cash.

Bought more yesterday at 86, going to buy more today if it dips.

- Right now it’s just a trading stock like game stock was. The bog move will come when Trump announces he’s completing the SPAC or he wants out to get more for himself. Big up or bid down coming.
This post was edited on 10/26/21 at 8:21 am
Posted by thatguy
Member since Aug 2006
6891 posts
Posted on 10/26/21 at 8:48 am to
What do yall think is a good entry point here at this time? 70? 50? Don't buy in at all?
This post was edited on 10/26/21 at 8:49 am
Posted by slackster
Houston
Member since Mar 2009
85099 posts
Posted on 10/26/21 at 9:17 am to
quote:

What do yall think is a good entry point here at this time? 70? 50? Don't buy in at all?


$10.
Posted by bass
Member since Oct 2016
3866 posts
Posted on 10/26/21 at 9:43 am to
I was protecting a 40% gain, once it dropped below that I got out completely, might jump back in at $40 or $80, whichever comes first.
Posted by lsufb1912
Louisiana
Member since Aug 2021
5965 posts
Posted on 10/26/21 at 10:33 am to
quote:

What do yall think is a good entry point here at this time? 70? 50?


69
Posted by tigerfoot
Alexandria
Member since Sep 2006
56426 posts
Posted on 10/26/21 at 10:40 am to
quote:

I was protecting a 40% gain, o
Wish I woulda, punted this morning with a 5% profit. Going to watch this EV market for a bit and see somewhere to jump in.
Posted by bass
Member since Oct 2016
3866 posts
Posted on 10/26/21 at 5:15 pm to
I think this stock will follow the same pattern as HOOD, could be wrong though
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 10/26/21 at 5:42 pm to
quote:

My problem is I can’t do this without being flagged as a day trader because I don’t have over 25k


I hear you. I couldn’t buy ETH AT 1700 because I needed some space above 25k to keep the ability to day trade. Cost me 5000 lol
Posted by bass
Member since Oct 2016
3866 posts
Posted on 10/26/21 at 5:53 pm to
Every time my day trading account hits $25k I start day trading again and magically it goes back under
Posted by burger bearcat
Member since Oct 2020
8890 posts
Posted on 10/26/21 at 9:07 pm to
Got in way too high on this at $120,. Should I just go ahead and cut my losses. I am not out that much money, but don't see this thing doing anything.
Posted by deltaland
Member since Mar 2011
90787 posts
Posted on 10/26/21 at 9:32 pm to
quote:

Every time my day trading account hits $25k I start day trading again and magically it goes back under


Maybe you suck at day trading












Like I do definitely an art to it I haven’t finessed yet
Posted by bass
Member since Oct 2016
3866 posts
Posted on 10/27/21 at 5:37 am to
I’ve got the fundamentals down (buy high sell low), just haven’t seen the results yet
Posted by bass
Member since Oct 2016
3866 posts
Posted on 10/27/21 at 6:06 am to
quote:

Should I just go ahead and cut my losses
The play with this stock is likely options at the moment. I’m thinking of buying in the money calls and puts and trying to sell them both at 25% gains when there’s another run one way or the other.
Posted by deltaland
Member since Mar 2011
90787 posts
Posted on 10/27/21 at 7:49 am to
quote:

I’ve got the fundamentals down (buy high sell low), just haven’t seen the results yet


I can’t figure out how to purchase shares during extended hours/after hours on Robinhood. I’d have made a killing if I could do that, but whenever I’d put an order in i had to wait until market opened/closed and it always rose when I wanted to buy or tanked when I sold and caused me to lose out on a lot of potential profit.

Before people make fun, i just started this. I spent months researching stock trading, the rules, the definitions of different terms, strategies. I know you can trade AH through an ECN. Maybe I haven’t figured out the app fully. I know I can set a limit order to go through during extended hours but how do you just buy/sell right when you want to?

I missed out bigly on DWAC due to this. Could have gotten in under 20 dollars but ended up getting in much higher due to waiting on market open for the buy order to complete

This is why I’m only using 2k to spread around. I’m trying to learn the ropes through small investments and recording the percentage gain/loss on each play. If I make a couple hundred bucks a week I’ll be happy. Trying to get my knowledge and confidence to where I can make some big plays. We have a million dollars in CDs and mutual funds and I keep 40-50k in my checking so access to funds isn’t an issue I just want to be stupid and lose thousands not knowing what I’m doing
This post was edited on 10/27/21 at 7:54 am
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