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Bossman said:
Noob question;

I can't always be watching the market.

Is there a reason NOT to leave a "long shot" order open just in case the stock you're willing to sell goes crazy? Is this common practice?

Example; I've got a 60 day open order to sell NFLX at $323 ... likely not going to get there anytime soon but if it does, I don't want to miss the opportunity.
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I sold off some of mine after a huge run up past $250...only to see it continue to climb up to $330 and felt like a dummy.

 
guru_007 said:
I'm not going to say I'm an expert by any means, but this is not something I would do.  Trailing stop loss orders, sure, I want to protect any gains and limit my downside.  But by doing something like this you are limiting your upside.  Suppose next week NFLX has some unexpected earnings release and post blow out revenues.  Sure, you see at $323 and are happy.  But stock ends trading the day at $350, how do you feel about that?
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This

 
And here we go.

On one of Cramer's shows this week, didn't watch them all, he sort of casually mentioned that it's a possibility that Trump may have his own Saturday Night Massacre this weekend.  Did anybody else catch that?

 
Bob Sacamano said:
TSLA is going to be profitable in Q3 and Q4.

I believe him.  :mellow:
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You notice his Tweets today?  Sound familiar?  What an assssssbag.

In response to a tweet from The Economist that said "Tesla will need to raise
$2.5B-$3B this year, according to Jefferies, a bank," Tesla CEO Elon Musk
tweeted: "The Economist used to be boring, but smart with a wicked dry wit. Now
it's just boring (sigh). Tesla will be profitable & cash flow+ in Q3 & Q4, so
obv no need to raise money.  Musk: Waitlist for Powerwall Is 3 to 6 Months on High Demand
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FAILING NEW YORK TIMES!

 
Genius is on one side, madness is on the other side, and dumbassery is its own side.  The underside, maybe.  Where the air is thinner, so your brain cells are stunted, your skin turns a pale orange, and your hair "grows" like the transplanted placenta from the afterbirth of a Pekingese impregnated by a Lhasa Apso genetically mutated during the explosion of a uranium-powered flowbee.

 
St. Louis Bob said:
I'm going to cut him a little slack for now.
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I'm new to this situation ....

Do you mean to tell me that this guy sent one of his cars into space?

What possible purpose could this ridiculously expensive stunt serve? $100m ?? 

How can people be content with how he's spending your investment money? (I know it's HIS money but he's taking a paycheck I'm sure)

How about putting that money to better use by ramping up production, open more dealerships, more charging stations, ADVERTISING!

 
Bossman said:
I was tempted to grab more at that price ... seems like a no-brainer.

Any risk holding tvix too long? Do these lose value somehow (beyond market price movement)?

Seems some are scared to death to hold this stuff for some reason.
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The first thing that should come to mind is "if it seems too good to be true....".

Yes, there are risks of holding too long, and more often than not the price will be declining due to contango. Just take a look at the prospectus, where it says in bold that you are likely to lose some or all of your investment if you hold long enough.

Many people mistakenly believe it's perfectly inversely correlated to the stock market, and many times that is the case, but all you have to do is look at yesterday to see that it isn't always true- TVIX was down almost 7% despite the market also being negative.

This isn't meant to be a recommendation either way, it can certainly have spurts where it can be a home run, but do your homework.

 
Bossman said:
Couldn't agree more about the company. (although I don't know much about the stocks).

Most major auto manufactures have an all electric model or two already. Won't be long before the big boys squeeze little Tesla out.

Just doesn't make sense to invest in that company from a business standpoint. Amazon on the other hand ....  :yes:
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Only thing is most have already tried - Prius and Volt....

 
humpback said:
The first thing that should come to mind is "if it seems too good to be true....".

Yes, there are risks of holding too long, and more often than not the price will be declining due to contango. Just take a look at the prospectus, where it says in bold that you are likely to lose some or all of your investment if you hold long enough.

Many people mistakenly believe it's perfectly inversely correlated to the stock market, and many times that is the case, but all you have to do is look at yesterday to see that it isn't always true- TVIX was down almost 7% despite the market also being negative.

This isn't meant to be a recommendation either way, it can certainly have spurts where it can be a home run, but do your homework.
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Pretty much this. Ideally it's designed to be traded daily but from past history can be traded weekly and even monthly but not too much longer than that as the fees will eat you alive. 

 
St. Louis Bob said:
And here we go.

On one of Cramer's shows this week, didn't watch them all, he sort of casually mentioned that it's a possibility that Trump may have his own Saturday Night Massacre this weekend.  Did anybody else catch that?
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Didn’t catch that one. But caught him bashing Micron again and comparing it to Bethlehem Steel  :lmao:

 
NREC34 said:
Didn’t catch that one. But caught him bashing Micron again and comparing it to Bethlehem Steel  :lmao:
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I don’t get Cramer sometimes.  Both him and “the street” were screaming at people to buy (the street still has a B+ buy rating) Micron at this level just a couple months back.  Then he says a P/E of 5 could quickly move to a P/E of 10 if they miss earnings by 50%, even though they just beat top and bottom and raised guidance.  What company misses earnings by 50% after raising guidance?   

Will be interesting to see futures tonight after the attacks in Syria.  I think all markets run a full percent in the green tomorrow.  

 
dschuler said:
I don’t get Cramer sometimes.  Both him and “the street” were screaming at people to buy (the street still has a B+ buy rating) Micron at this level just a couple months back.  Then he says a P/E of 5 could quickly move to a P/E of 10 if they miss earnings by 50%, even though they just beat top and bottom and raised guidance.  What company misses earnings by 50% after raising guidance?   

Will be interesting to see futures tonight after the attacks in Syria.  I think all markets run a full percent in the green tomorrow.  
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Don’t think Syria matters much. 

All the political turmoil is what concerns me. 

 
I think markets run tomorrow too. 

IMO we’re closing in on peak earnings growth though (and a lot of that growth is already priced in), that to me is a reason to be defensive. 

 
My first 30 minutes with a Vanguard account I'm less than impressed, can someone point me in the right direction for how to research funds and create a watchlist. Least user friendly site I've been on and keeps freezing up......I get that they advocate using a few low cost index funds but come on make it easier to research them.

ETA - Found the list of ETF's , still interested to get thoughts from Vanguard guys on best funds for a good mix, ETF vs MF,  and any hidden gems on this site that are useful. So far I'm missing the Securian platform.

 
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GoBirds said:
My first 30 minutes with a Vanguard account I'm less than impressed, can someone point me in the right direction for how to research funds and create a watchlist. Least user friendly site I've been on and keeps freezing up......I get that they advocate using a few low cost index funds but come on make it easier to research them.

ETA - Found the list of ETF's , still interested to get thoughts from Vanguard guys on best funds for a good mix, ETF vs MF,  and any hidden gems on this site that are useful. So far I'm missing the Securian platform.
Click to expand...
Been using VG for only about a year now so certainly no expert.

After you select a fund to view, look for "Fund Profile" and then under the fund name, look for the menu option "Price and Performance" (to the right of "overview")

 I chose them as a good invest and forget it ... knowing the research tools were weak but prefer the low fees. 

I'm in about all of their index MF's. Large, small, mid. All are doing about the same. Nothing spectacular as of late.

Recently picked up some VG 500 mf and for ETF's VGT (technology) and VHT (health care). Up and down just like everything else lately.

 
Bossman said:
Been using VG for only about a year now so certainly no expert.

After you select a fund to view, look for "Fund Profile" and then under the fund name, look for the menu option "Price and Performance" (to the right of "overview")

 I chose them as a good invest and forget it ... knowing the research tools were weak but prefer the low fees. 

I'm in about all of their index MF's. Large, small, mid. All are doing about the same. Nothing spectacular as of late.

Recently picked up some VG 500 mf and for ETF's VGT (technology) and VHT (health care). Up and down just like everything else lately.
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Thanks for the input, I’m sure with wha I’m saving on fees I will get over it quick. 

Do they all have significant investment minimum? Was going to move a few thousand to start but looks like you may need about $20k plus for a balanced portfolio of multiple ETFs?

 
GoBirds said:
Thanks for the input, I’m sure with wha I’m saving on fees I will get over it quick. 

Do they all have significant investment minimum? Was going to move a few thousand to start but looks like you may need about $20k plus for a balanced portfolio of multiple ETFs?
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I know with the mf's, with a larger investment you qualify for "Admiral" shares ... which I think just means the fees are slightly less than "non" Admiral shares. (which makes sense).

Not sure about ETF's as I was already deeply invested in VG mf's before I acquired any of those.

 
Bossman said:
Not sure that I understand the NFLX love this week ... but I'll take it. guess people like the new Lost in Space? Or is it the earning report due next week?

Whatever the case ... If it gets into the $320's this month I'll probably sell and lock in a nice profit. 
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Wow. FBG's advice had me pull back my gtc order to sell at $323 ... now some trading after hours today for $329.

Still considering selling tho. Wasn't that long ago NFLX was at $330 ... and then promptly dropped all the way to the $270's.

Maybe see how it's trending tomorrow and make a decision.

 
Bossman said:
Wow. FBG's advice had me pull back my gtc order to sell at $323 ... now some trading after hours today for $329.

Still considering selling tho. Wasn't that long ago NFLX was at $330 ... and then promptly dropped all the way to the $270's.

Maybe see how it's trending tomorrow and make a decision.
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This NFLX is just silly. Closed at $307 Friday and now trading at $337. Up 10% and climbing!  :pickle:

Anyone else in here have a piece of this? I've only got 50 shares ... but in at $276 just two weeks ago. (up $3k in two weeks).

Guess I'll just hang on for the ride here.

 
Bossman said:
This NFLX is just silly. Closed at $307 Friday and now trading at $337. Up 10% and climbing!  :pickle:

Anyone else in here have a piece of this? I've only got 50 shares ... but in at $276 just two weeks ago. (up $3k in two weeks).

Guess I'll just hang on for the ride here.
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I'm up nearly 400% in less than 2 years on NFLX. Best stock ever.

 
Aaron Rudnicki said:
I'm up nearly 400% in less than 2 years on NFLX. Best stock ever.
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I'm so disappointed in myself. I sold @ $337.

I panicked. Looked like it had crested. Now I have no NFLX.

I'll buy back in if she dips someday.

04/04/2018 NFLX  NETFLIX INC  Buy 50.0000 $273.63  -$7.00   – $13,688.50

04/17/2018    Executed    NFLX    NETFLIX INC Sell 50.000 Limit: $337.00  $16,850.00

+ $3161 (to be fair, lost $600 on NFLX couple weeks prior ... so + $2500 anyway)

 
AMZN with a very healthy gain today. Any ideas why? Just speculation on earnings report due out?

I'm still down overall since I bought a metric ton in the high 1500's ... but my portfolio very much appreciated today.

If it can continue back to $1600 I'll be tickled.

 
Bossman said:
I'm so disappointed in myself. I sold @ $337.

I panicked. Looked like it had crested. Now I have no NFLX.

I'll buy back in if she dips someday.

04/04/2018 NFLX  NETFLIX INC  Buy 50.0000 $273.63  -$7.00   – $13,688.50

04/17/2018    Executed    NFLX    NETFLIX INC Sell 50.000 Limit: $337.00  $16,850.00

+ $3161 (to be fair, lost $600 on NFLX couple weeks prior ... so + $2500 anyway)
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When you purchased NFLX on 4/4/18 - what was your SPECIFIC PLAN for taking profits and when?  What was your SPECIFIC PLAN for setting a stop?

Answer these kinds of questions and you'll have the answer on whether you should be disappointed or if you did actually panicked.  Answer these questions and we can determine how you can actually get better with your plan.  I kind of recall you saying you wanted to put in a GTC Sell order at $325, why in the wide wide world of sports would you be disappointed in sell at a greater profit that your original target?

*Note: SPECIFIC PLAN = something you have written down in a trading journal or other notation.  If you don't have that you'll never be very good doing this long term.  It's easy to be lucky in a bull market.

 
siffoin said:
When you purchased NFLX on 4/4/18 - what was your SPECIFIC PLAN for taking profits and when?  What was your SPECIFIC PLAN for setting a stop?

Answer these kinds of questions and you'll have the answer on whether you should be disappointed or if you did actually panicked.  Answer these questions and we can determine how you can actually get better with your plan.  I kind of recall you saying you wanted to put in a GTC Sell order at $325, why in the wide wide world of sports would you be disappointed in sell at a greater profit that your original target?

*Note: SPECIFIC PLAN = something you have written down in a trading journal or other notation.  If you don't have that you'll never be very good doing this long term.  It's easy to be lucky in a bull market.
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Good advice. 

Selling at $325 was pie in the sky back when (last week) ...  but when the stock is gaining 10% in a day, .... emotions (greed) getting in the way today I guess.

I definitely need some discipline. 

 
Bossman said:
I know with the mf's, with a larger investment you qualify for "Admiral" shares ... which I think just means the fees are slightly less than "non" Admiral shares. (which makes sense).

Not sure about ETF's as I was already deeply invested in VG mf's before I acquired any of those.
Click to expand...
Do you buy your individual stocks also through Vanguard?

 
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