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Message
What would the MT do?
Posted on 4/8/20 at 8:11 am
Posted on 4/8/20 at 8:11 am
I am relativley new to investing (and young). My main goal is short term growth (<1yr). Last week I purchased 150 shares of DAL @ $25.50, but am having second thoughts about how long this stock will take to come back.
Should I:
A. Hold
B. Short sell at $25.50 and purchase something else
If B, what is looking good at this time?
TIA for helping a newbie
Should I:
A. Hold
B. Short sell at $25.50 and purchase something else
If B, what is looking good at this time?
TIA for helping a newbie
4
Posted on 4/8/20 at 8:19 am to Ruxins Rascals
quote:
I am relativley new to investing (and young). My main goal is short term growth (<1yr).
I hate to be that guy, but honestly you should just put your money in a savings account. What you're trying to do is not investing. If you need that money within the next year you're better off (especially right now) to just stick it under your mattress.
Posted on 4/8/20 at 8:19 am to Ruxins Rascals
quote:
main goal is short term growth
quote:
Short sell at $25.50 and purchase something else
Yeah, no.
Posted on 4/8/20 at 8:21 am to Ruxins Rascals
FWIW.. Here's a snippet of an announcement for 4-6-20 from DAL CEO.......
I don't pretend to know enough to give you advice, only providing information to help you decide.
quote:
After the market closed on Friday, Delta Airlines (DAL) disclosed a letter from CEO Ed Bastian to DAL's employees. Within the letter, he commented that DAL is expecting Q2 revenue to be down a staggering 90% and that its April schedule will be at least 80% smaller than originally planned.
Assuming the anticipated decrease is on a yr/yr basis, its Q2 revenue would be pegged at ~$1.26 bln compared to analysts' current estimate of $6.1 bln. The discrepancy between DAL's forecast and analysts' current expectations is shocking and illustrates how rapidly conditions have fallen apart.
I don't pretend to know enough to give you advice, only providing information to help you decide.
Posted on 4/8/20 at 8:25 am to JDPndahizzy
Thanks, That is the exact statement which made me start to second guess myself.
All the self proclaimed "experts' on this board sure are quick to jump a self admitted newbies case. I appreciate all the legitimate responses from people who know everyone starts out with a lack of knowledge.
All the self proclaimed "experts' on this board sure are quick to jump a self admitted newbies case. I appreciate all the legitimate responses from people who know everyone starts out with a lack of knowledge.
Posted on 4/8/20 at 8:28 am to rintintin
quote:
What you're trying to do is not investing
How? I was able to also buy RDSB @ (<$25) 2-3 weeks ago and if you check RDSB this morning it is at $35.50. I am no expert, but that seems to be short term growth. Correct me if I am wrong Warren Buffett.
Posted on 4/8/20 at 8:29 am to Ruxins Rascals
that's fine, but what you are doing is gambling, not investing. if you (after doing the research) feel that DAL stock will go above 25.50 and stay there, do nothing. if you don't, put a sell order in at 25.50 and hope for the best
Posted on 4/8/20 at 8:36 am to Ruxins Rascals
quote:
sure are quick to jump a self admitted newbies case
I know it's not what you're looking for but my advice was genuine, and 90% of people on this board will tell you the same.
You aren't trying to invest, you're trying to gamble. Which is fine if you accept that that's what you're doing. It's a good way to learn and get your feet wet, but you have to be OK with losing the majority of that money.
Posted on 4/8/20 at 8:39 am to Ruxins Rascals
quote:
How? I was able to also buy RDSB @ (<$25) 2-3 weeks ago and if you check RDSB this morning it is at $35.50. I am no expert, but that seems to be short term growth. Correct me if I am wrong Warren Buffett.
And this is what is going to slaughter most people. Everyone now thinks they are Gordon Gekko because they picked a winner when the market was down 30+ percent. A blind monkey could have picked a winner 2-3 weeks ago.
You are trying to trade and not in vest.
Posted on 4/8/20 at 8:40 am to Ruxins Rascals
quote:
I was able to also buy RDSB @ (<$25) 2-3 weeks ago and if you check RDSB this morning it is at $35.50
So you know the underlying issues which caused this increase?
Posted on 4/8/20 at 8:40 am to Janky
quote:
You are trying to trade and not in vest.
Fair enough
Posted on 4/8/20 at 8:44 am to jimbeam
quote:
So you know the underlying issues which caused this increase?
Does anybody? It's all bullshite. Unless you are in sector or total market ETFs for 10+ years, we are all gambling.
Posted on 4/8/20 at 8:46 am to AaronDeTiger
My point
Posted on 4/8/20 at 8:47 am to Ruxins Rascals
here is an example of TRADING not investing if you are willing to take some risk and do not need the $4000 right away
ZM (zoom) stock price is all over the place right now. it seems like every week there is news about this company, good and bad. the stock rockets up on good news and then plummets on bad news, with heavy volume either way.
that's good if you are a trader. buy the dips and sell the rises
ZM (zoom) stock price is all over the place right now. it seems like every week there is news about this company, good and bad. the stock rockets up on good news and then plummets on bad news, with heavy volume either way.
that's good if you are a trader. buy the dips and sell the rises
Posted on 4/8/20 at 8:48 am to jimbeam
I think you are more likely to pick a <1 year winner now than on January 1st of this year. My concern is what to do come mid October before the election.
Posted on 4/8/20 at 8:55 am to Ruxins Rascals
quote:
How? I was able to also buy RDSB @ (<$25) 2-3 weeks ago and if you check RDSB this morning it is at $35.50. I am no expert, but that seems to be short term growth.
It is and good job. That's an absolute killer 2 week return. Keep it up.
Posted on 4/8/20 at 9:02 am to cgrand
here's another one...
i've been buying and selling SHOP since the 23rd.
this is an active stock as well, that peaked at almost $600 earlier in the year.
always look at volume, and watch the charts. i dont do options/stops/whatever, i'm not smart enough for that and dont have the time anyway. just set an alert for buy/sell and always take profits when they are available
i've been buying and selling SHOP since the 23rd.
this is an active stock as well, that peaked at almost $600 earlier in the year.
always look at volume, and watch the charts. i dont do options/stops/whatever, i'm not smart enough for that and dont have the time anyway. just set an alert for buy/sell and always take profits when they are available
Posted on 4/8/20 at 9:35 am to Ruxins Rascals
quote:
All the self proclaimed "experts' on this board sure are quick to jump a self admitted newbies case. I appreciate all the legitimate responses from people who know everyone starts out with a lack of knowledge.
Well, you're right. But some of the more prickly responses are probably coming from people who've taken hits over the years. The memory of that pain causes us to be a little salty when we see you doing the same things that got us bitten.
It seems like you're buying things and then you're just seeing what happens. And while it's true that we all do that to some degree, most of us know why we bought (fundamental or technical reasons), and those who are consistently profitable in their trading have an exit plan (on the profit side and the loss side). If you want to trade, you need to have those things in mind, as well as what your max loss/risk is going to be. Same thing with investing, but you may decide to DCA into a long term position if you're investing - daily or weekly dips and bounces wouldn't matter as much to you.
Good luck.
Posted on 4/8/20 at 10:24 am to Jag_Warrior
quote:
Well, you're right. But some of the more prickly responses are probably coming from people who've taken hits over the years. The memory of that pain causes us to be a little salty when we see you doing the same things that got us bitten.
The 1 year time frame was the red flag on the post.
If this is money you don't worry about losing then have at it.
Posted on 4/8/20 at 11:36 am to cgrand
quote:
SHOP
case in point
up 30 bucks a share right now.
I’m in on this position at 385, I’m going to sell 20 shares, ensure my profit on this transaction and hold the rest.
I guess sometimes we are all Warren Buffett
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