OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

Wish I would have had a few more contracts.

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No one can deny technology is the future, obviously it will continue to improve and play a larger and larger role in our lives but when EVERYONE is in on the same side of the trade, thinking tech stocks will do nothing but go straight up forever with no crashes, no major pullbacks.... it never ends well. The market loves to humble these kind of people.
 
Wonder how low DKNG can go if MLB/NFL is cancelled

I had positions in DKNG and GAN from May 27 - Jun 16 and sold all of both for 22% and 26% gain respectively.

Started a much bigger position in GAN again Jul 15 and am down 17% since.

Down like $1250 total from all of it.

So I’m holding GAN long now. Wish I would have waited a bit to average down oh well. I am thankful I at least realized some gains when DKNG and GAN were crushing in June.
 
No one can deny technology is the future, obviously it will continue to improve and play a larger and larger role in our lives but when EVERYONE is in on the same side of the trade, thinking tech stocks will do nothing but go straight up forever with no crashes, no major pullbacks.... it never ends well. The market loves to humble these kind of people.

Agreed. You guys are making money and that is great, but keep in mind that there is no free lunch and that if it was that easy to just buy tech stocks and close your eyes while they go straight up, everyone would be millionaires.

I'm not in a position to advise anyone because all I do is make bad trades.
 
Agreed. You guys are making money and that is great, but keep in mind that there is no free lunch and that if it was that easy to just buy tech stocks and close your eyes while they go straight up, everyone would be millionaires.

I'm not in a position to advise anyone because all I do is make bad trades.
Well said and that’s why it’s important to wait for those pullbacks like we had the past couple of weeks and trim along the way to manage your risk as much as you can
 
I ran with my little $30 profit from blink before they dropped, I now have enough house money to play into options, I gotta learn a bit more before I go this route. Crazy I used to think stocks was investing, after reading reddit, this casino at home 😂
 
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