Played the AMC stonk

I don’t care. Money is money. Market fundamentalists are weeping.
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As my prof(who helped invent high frequency trading) enjoyed telling us. In a recession everything tends to be correlated to -1.

Make sure you're diversifying out of just stocks and crypto while the sun is shining. Buy a shitty starter house or condo. Buy some commodities. Shit, go hang out in rural Thailand for six months while day trading. Bubbles do burst. Have something to show for it when it inevitably does.

The real value is that you're learning to invest and play the game at a young age.
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I’ll be doing cocaine off coug co-eds backs soon. But yes. Im as diversified as I can be will still maintaining gains with the capital I have.
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Paging @backthepack have you diversified yet? And into what? Hope you didn't sell your cardano during the dip.

At least tell us you boofed some coke into a coed.
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Bought a few hundred in cardano at $1.20 range myself. Pretty pumped about that. Also put more money on Matic at .85 range and Chainlink at $15

I use Coinbase, and I just add $25 here and $50 there. I usually only buy on 5% or more drop days, so haven't bought much in the last week, except for Matic which was still hovering around $1.05 which I thought was still a great buy, and it's as of now $1.40, so I'm pumped about that too. I'm still small potatoes though. I only own about 500 matic and about the same in Cardano.
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Do you think bitcoin's dive from 50k to just below 30 before it's recent bounce washed all the weak hands out of it and vis a vis all the other Crypto currencies?
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I think more weak hands joined on this recent surge. Crypto is and has always been susceptible to volatile swings on news. Anything negative drives it down, and anything positive drives it up. While stocks are largely manipulated by banks and hedge funds, crypto is highly manipulated by "whales" early investors. These whales generally sell large blocks of crypto on bad news, which creates a temporary panic by paper hand weaklings, then the whales buy them back at cheaper prices. It's been that way for a long time. Crypto more than anything is a stronger buy the steeper that red candle is.
 
I don’t care. Money is money. Market fundamentalists are weeping.
Click to expand...

As my prof(who helped invent high frequency trading) enjoyed telling us. In a recession everything tends to be correlated to -1.

Make sure you're diversifying out of just stocks and crypto while the sun is shining. Buy a shitty starter house or condo. Buy some commodities. Shit, go hang out in rural Thailand for six months while day trading. Bubbles do burst. Have something to show for it when it inevitably does.

The real value is that you're learning to invest and play the game at a young age.
Click to expand...

I’ll be doing cocaine off coug co-eds backs soon. But yes. Im as diversified as I can be will still maintaining gains with the capital I have.
Click to expand...

Paging @backthepack have you diversified yet? And into what? Hope you didn't sell your cardano during the dip.

At least tell us you boofed some coke into a coed.
Click to expand...

Bought a few hundred in cardano at $1.20 range myself. Pretty pumped about that. Also put more money on Matic at .85 range and Chainlink at $15

I use Coinbase, and I just add $25 here and $50 there. I usually only buy on 5% or more drop days, so haven't bought much in the last week, except for Matic which was still hovering around $1.05 which I thought was still a great buy, and it's as of now $1.40, so I'm pumped about that too. I'm still small potatoes though. I only own about 500 matic and about the same in Cardano.
Click to expand...

Do you think bitcoin's dive from 50k to just below 30 before it's recent bounce washed all the weak hands out of it and vis a vis all the other Crypto currencies?
Click to expand...

I have a rule. I only add to my position in a crypto coin on days where the coin has had at least a 5% dip or more over a 24 hour period. Over 10% is ideal.
 
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10 million shares shorted today and the price only dipped by .81%. I really like that buying support. Short interest on Ortex has it now at 19.55%. Almost right at where it was when it spiked in early June.

I like AMC and GME stock because of the community behind them. Other meme stocks are susceptible to more successful short dumps, because they more likely create panic sell offs. But AMC and GME seem to have committed buyers always willing to buy these dips, and it continues to prop up the share price, which I think makes the squeeze that more likely and that more massive. Not financial advice, just my personal preference.
 
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Hell of a power hour
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Looks strong as fuck right now. I think there are a lot of shares being held right now just waiting to be sold short. But either case, it's up 62% in the last month.
 
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Hell of a power hour
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Looks strong as fuck right now. I think there are a lot of shares being held right now just waiting to be sold short. But either case, it's up 62% in the last month.
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Made a ton of money off the long term options i bought in the 30s
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knocking on the door. Should rally pretty hard if it holds above 49

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knocking on the door. Should rally pretty hard if it holds above 49

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I'm a little timid for tomorrow only because there are some options expiring tomorrow, and typically it gets shorted pretty hard on these days. But serious support at $48. If it does breakthrough $49, I think it hits a psychological barrier at $50. But once passed that, I think it could run to $55 in a hurry.

I got into this trade way late at $58, and averaged down to $38. So, I'm loving how this has turned, because I 'm not going to lie. I was sweating a little when it fell under $29.

With the fight the shorts have given, if it does squeeze, I think it has potential to be huge.
 
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knocking on the door. Should rally pretty hard if it holds above 49

View attachment 43226
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I'm a little timid for tomorrow only because there are some options expiring tomorrow, and typically it gets shorted pretty hard on these days. But serious support at $48. If it does breakthrough $49, I think it hits a psychological barrier at $50. But once passed that, I think it could run to $55 in a hurry.

I got into this trade way late at $58, and averaged down to $38. So, I'm loving how this has turned, because I 'm not going to lie. I was sweating a little when it fell under $29.

With the fight the shorts have given, if it does squeeze, I think it has potential to be huge.
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I was wrong about today. Even with the Russell and S&P sell off, AMC was bulletproof. This thing has legs.
 
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