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Message

re: Taking a bath today

Posted on 3/5/21 at 10:34 am to
Posted by Old Money
LSU
Member since Sep 2012
41348 posts
Posted on 3/5/21 at 10:34 am to
The numbers seem fake now. Down 10-20% each day. It's not even real
Posted by Ooh Wee Ooh
Member since Nov 2008
1519 posts
Posted on 3/5/21 at 10:34 am to
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29007 posts
Posted on 3/5/21 at 11:41 am to
I'm very content with my move to pull out of everything yesterday because all of the stocks I was in have dropped even more. I stopped the bleeding and the only two stocks out of the bunch that are up today are RTON and WDLF.

I will get back into WDLF later.

This post was edited on 3/5/21 at 11:42 am
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35857 posts
Posted on 3/5/21 at 12:00 pm to
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35857 posts
Posted on 3/5/21 at 12:06 pm to
quote:

I stopped the bleeding


The market is now positive by a couple hundred points. Like I said yesterday, you just made huge paper losses actual losses.
This post was edited on 3/5/21 at 12:08 pm
Posted by Auburn1968
NYC
Member since Mar 2019
25179 posts
Posted on 3/5/21 at 2:40 pm to
I don't have any realized losses yet though a couple of calls are look like they will cost me.

Standard Lithium is dragging my overall down, but I'm not worried about that one.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35857 posts
Posted on 3/5/21 at 2:47 pm to
quote:

I don't have any realized losses yet though a couple of calls are look like they will cost me.


I've been dabbling in options the past few weeks and have quickly learned why they're considered risky. That time bound aspect is a sticky wicket to manage.
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 3/5/21 at 2:51 pm to
NAKED options are a death wish. Learned my lesson over 20 years ago.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35857 posts
Posted on 3/10/21 at 9:18 am to
quote:

3/4


quote:

Well today I took a 145k dollar haircut. Yes you read that right a $145,000.00 anal penetration without the courtesy of any vasoline.


quote:

its time to pull everything out for awhile to preserve what money you have invested in the market.


MrLSU, you still on the sidelines? Unfortunately you are exhibit A on "don't try and time the market".
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35857 posts
Posted on 3/25/21 at 10:19 am to


ETA: Has come back to even today, so I'll take it.
This post was edited on 3/25/21 at 12:56 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/25/21 at 10:19 am to
dollar is killing it vs other fiat currencies right now
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/25/21 at 10:20 am to
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 3/25/21 at 12:51 pm to
quote:

NAKED options are a death wish. Learned my lesson over 20 years ago.


Were you buying or selling? Honest question.

Too many people’s definition of “options trading” is buying a call and hoping. So I’m just curious what happened to you.
This post was edited on 3/25/21 at 12:52 pm
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35857 posts
Posted on 4/19/21 at 10:24 am to


PINS and HMBL are killing me today.
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 4/19/21 at 9:50 pm to
I wouldn’t sell ET. You get a fat 11.5% tax free dividend since it’s an MLP unless you sell...then you owe taxes. I’m adding to what I have if it drops close to $6 again.
This post was edited on 4/19/21 at 9:52 pm
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35857 posts
Posted on 4/20/21 at 9:42 am to
I'm not even gonna post a gif, but getting slammed again today. Alcoa leading my losses.
This post was edited on 4/20/21 at 9:44 am
Posted by LSUguerilla
Baton Rouge
Member since Oct 2003
608 posts
Posted on 4/20/21 at 9:55 am to
holy shite when is this gonna stop....
Posted by Who_Dat_Tiger
Member since Nov 2015
24807 posts
Posted on 4/20/21 at 9:58 am to
I’ve been getting murdered in the market since Feb. that damn dementia patient is killing me
Posted by ISEN_AG
ThunderWolf Manor
Member since Aug 2013
2307 posts
Posted on 4/20/21 at 10:01 am to
Wtf is going on? This is ugly.
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 4/20/21 at 10:02 am to
quote:

I’ve been getting murdered in the market since Feb. that damn dementia patient is killing me


Stop buying companies that lose money.

But seriously, if you’re getting murdered on your portfolio as a whole since February, you should probably re-evaluate those holdings.
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