Teams
Forum List
Toggle sidebar

.

Going to do some educational things in this recession. Having each of my kids pick a company and I'm buying one share for them and they get to keep profit and dividends. Before I had a chance to set the parameters, my son jumped the gun and requested Berkshire hathaway. He got a no on that one. Told them to find a hundred bucks or less company.

So my youngest mentions Caseys, so I pull it up and it was down 13% in overnight, started scrambling to see what the problem was. Nothing, just turns out that one person is trying to buy 20 bucks under the market in overnights and one is trying to sell at 20 bucks over the market. Had me excited for a bit.
 
BCClone said:
Going to do some educational things in this recession. Having each of my kids pick a company and I'm buying one share for them and they get to keep profit and dividends. Before I had a chance to set the parameters, my son jumped the gun and requested Berkshire hathaway. He got a no on that one. Told them to find a hundred bucks or less company.

So my youngest mentions Caseys, so I pull it up and it was down 13% in overnight, started scrambling to see what the problem was. Nothing, just turns out that one person is trying to buy 20 bucks under the market in overnights and one is trying to sell at 20 bucks over the market. Had me excited for a bit.
Click to expand...
You don't have 300k to drop on Berkshire?
 
giphy.gif
 
  • Like
Reactions: BCClone
mtowncyclone13 said:
I made $7000 on MFA this morning and cashed out. Then I got greedy and bought back in at the top right before it went down. I had a meeting so didn't keep my eye on it and ended up losing everything I made and then about $7000 more. I should know better than to be greedy. Take my massive profit and walk away. But im too stupid to do that.

I ran some numbers from January until now and if I didn't touch a thing I'd have $X based on SP500 returns . But since I tried to day trade I'm $X-$6200 . At one point I was $X + $20,000 so obviously I am trying to hard to make too much and simply gambling. I'm gonna cash out of my short term stocks tomorrow and only keep my ETFs going forward .


Oddly enough, in my Roth account that doesn't allow trading on margin I am $X+$3,000. Clearly trading in margin has hurt me.
Click to expand...
MFA, never heard of it, until this post.
I bought some MFA, it dropped, I bought some more and watched it drop to close to $1/share.
Just sold everything to lock in close to $6k in profits.

More stock tips? I trust everything I read on the interwebs.
 
brianhos said:
At least in 2008 they let it settle a bit, this is insane right now. Unemployment is way over projections. We cannot let the rich people lose any money, so lets inflate everything.
Click to expand...

It's not that- they have to do that. They're putting duct tape all over the house of cards they've built, because if one big enough thing goes, it all goes.
 
Cyclonepride said:
It's not that- they have to do that. They're putting duct tape all over the house of cards they've built, because if one big enough thing goes, it all goes.
Click to expand...

So let it all go now, so we can recover slowly like 2008. I am in this for the next 30 years.
 
This afternoon could see an epic sell off with the markets being closed tomorrow for Good Friday. Will investors take their profits or hold over a 3 day weekend, hmmmm?
 
CycloneDaddy said:
This afternoon could see an epic sell off with the markets being closed tomorrow for Good Friday. Will investors take their profits or hold over a 3 day weekend, hmmmm?
Click to expand...

Crap, I didn't think about being closed good Friday. That moves tomorrow to today. Yes, it has been a good week, I am now scared of what the 2 o'clock situation will be like.


EDIT: Thought about trading this thing a bit, think I'm just logging out and taking the beating today and hope to recover next week.
 
Last edited:
You must log in or register to reply here.

Help Support Us

Become a patron
Top Bottom