RedDenver Posted May 9 Share Posted May 9 58 minutes ago, Guy Chamberlin said: If you're checking a stock price daily or hourly, it's not an investment, it's a casino bet. Yep. Maybe we should rename this thread and start another one about the economy. Link to comment
Guy Chamberlin Posted May 9 Share Posted May 9 2 hours ago, Guy Chamberlin said: If you're checking a stock price daily or hourly, it's not an investment, it's a casino bet. And one of the hardest things I've ever witnessed in my life was my sister-in-law losing a fortune this way after her husband died. She discovered the stock market when she inherited his portfolio during the bull market and channeled her grief into day-trading. Link to comment
BigRedBuster Posted May 9 Author Share Posted May 9 3 minutes ago, Guy Chamberlin said: And one of the hardest things I've ever witnessed in my life was my sister-in-law losing a fortune this way after her husband died. She discovered the stock market when she inherited his portfolio during the bull market and channeled her grief into day-trading. I'll check my stocks very regularly. But, it's just because I find it interesting. I very seldom sell once I buy a stock. Link to comment
teachercd Posted May 9 Share Posted May 9 37 minutes ago, Guy Chamberlin said: And one of the hardest things I've ever witnessed in my life was my sister-in-law losing a fortune this way after her husband died. She discovered the stock market when she inherited his portfolio during the bull market and channeled her grief into day-trading. Day trading, when it first started, was the wild wild west. Totally insane stories about that time especially with DotComs. 1 Link to comment
teachercd Posted May 9 Share Posted May 9 35 minutes ago, BigRedBuster said: I'll check my stocks very regularly. But, it's just because I find it interesting. I very seldom sell once I buy a stock. Yeah, that is kind of like me. I have the website up and open on my laptop and I will check it during the day. As far as trades, when they were not free I bet I made 3-4 trades per year. Plus this is not like the old days when you had to wait for the newspaper to look at the stocks. It literally takes 10 seconds to look. Now that they are free it is probably 5-10 a month, maybe more. I have really got into options so for those I have to watch more since they expire. I have 3 accounts that I basically never check, maybe 2 times a year. Then I have one account that I created to see how I could do on my own. Knock on wood, it has been great the last year as I have become more active with trading. I am more than happy to make small gains. Like SOUNW the other day. I made 200 dollars in like two day and dumped. With that said I lost like 390 on a SMCI call in 30 minutes about 6 weeks ago. I don't feel that every investment has to be "long term" for it to be smart. GL, in a month of holding it, is going to be a huge gainer for me. I will probably be done with it tomorrow or into next week. 1 Link to comment
teachercd Posted May 9 Share Posted May 9 I just checked and I am up 63% for the year! Ha That will NEVER come close to happening again. Ever. 1 Link to comment
teachercd Posted May 10 Share Posted May 10 I think I mentioned ZIM when it was at 9 maybe 10 dollars a share about 5-6 weeks ago? Well, it is taking off. Up to 16 now. Will probably get over the 52 week high today. My dumbass sold it. 1 Link to comment
Archy1221 Posted May 10 Share Posted May 10 A long term buy and hold stock that doesn’t get talked about much is CAVA. It’s gonna have a similar (just slightly smaller) stock growth as Chipotle. 1 Link to comment
teachercd Posted May 10 Share Posted May 10 9 minutes ago, Archy1221 said: A long term buy and hold stock that doesn’t get talked about much is CAVA. It’s gonna have a similar (just slightly smaller) stock growth as Chipotle. Man, Chipotle is so strong. I never would have guessed it years ago. 1 Link to comment
BigRedBuster Posted May 10 Author Share Posted May 10 50 minutes ago, Archy1221 said: A long term buy and hold stock that doesn’t get talked about much is CAVA. It’s gonna have a similar (just slightly smaller) stock growth as Chipotle. Ooo...I ate ata. CAVA for the first time recently. It was very good. Link to comment
Archy1221 Posted May 10 Share Posted May 10 1 hour ago, teachercd said: Man, Chipotle is so strong. I never would have guessed it years ago. Lots of analysts think this is the next good food stock. I’m doing very well so far with it and plan to just keeping slowly adding to the position over time. Dollar cost average it 1 Link to comment
teachercd Posted May 10 Share Posted May 10 Just now, Archy1221 said: Lots of analysts think this is the next good food stock. I’m doing very well so far with it and plan to just keeping slowly adding to the position over time. Dollar cost average it Might as well. It seems to be doing well despite the fact that it is getting more and more expensive because of paying a HS kid 20 dollars an hour to work the register. 1 Link to comment
Archy1221 Posted May 10 Share Posted May 10 1 minute ago, teachercd said: Might as well. It seems to be doing well despite the fact that it is getting more and more expensive because of paying a HS kid 20 dollars an hour to work the register. Ha. Ya no kidding. I gave my 16 yr old $20 to get Taco Bell because we were all out and about during dinner time and he gives me back $2.86!! I’m like what’s with this change, did you go to Ruth’s Chris instead?? 4 Link to comment
teachercd Posted May 10 Share Posted May 10 Just now, Archy1221 said: Ha. Ya no kidding. I gave my 16 yr old $20 to get Taco Bell because we were all out and about during dinner time and he gives me back $2.86!! I’m like what’s with this change, did you go to Ruth’s Chris instead?? YES!!!! Ha I don't think you can get out of Chipotle for less than 14 dollars now, for a bowl. 1 Link to comment
Archy1221 Posted May 10 Share Posted May 10 2 minutes ago, teachercd said: YES!!!! Ha I don't think you can get out of Chipotle for less than 14 dollars now, for a bowl. Not only do HS kids get $18-20 an hour, now everyone wants tips too 1 1 Link to comment
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