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Uphold force-traded me out of my remaining LBA this morning... as they warned they would do a few weeks ago. Of course, my larger position was already lost to Cred. The Chapter 11 process drags on. There was a letter to creditors from the liquidation trustees posted on the Donlin Recano website yesterday. Coincidence? I am beginning to doubt this will be resolved this year.
This will be my first ever realized loss on crypto.* Paid $128.19 a couple years ago. Got back $5.30. I hope that is not a harbinger of this bankruptcy's end result. Four cents back on the dollar will be soul-crushing.
*Not nearly as much fun as booking profits with ten-baggers and playing with house money, as I have done on a handful of alts.
Following my own strategy, sold some calls today. And those puts I have been selling the last two months are looking much better. Last month, the latest assigned puts increased my bag with an average cost between 3.50 and 4, and now we are at 5. Sweet. And with some options contracts expiring tomorrow, I will have more shares after the weekend. Not sure how many, or at what basis, but somewhere between 3.50 and 4.50. Friday will tell.
Does CAPR follow through with the momentum or do we get profit-taking? Had some already today and bouncing well off of that.
How it moves from here will determine whether my next sell is a call or a cash covered put. August options are now up. Nice. July, August, and September all there in a row to give you a range of time-frames. Can ladder them just like CDs.
Go... CAPR! Go, Science!
I would be upset I missed the high (so far) today, but the volume was not even enough for me.
Nice to see big green numbers, but need some momentum and more eyes (and larger blocks of shares traded) here.
Dips and rips; what more do you want?
And you can trade options on this one. Sell cash covered puts when it drops and sell covered calls when it pops*.
*That is, if you get assigned, as has happened to me during the last lull. Now it is running; lovely to see. If it keeps momentum, I can sell stop selling 5s and start selling 7.5s. Sweet. And I can ladder those contracts out, one option expiring this month, one expiring next month, one expiring three months from now. It is practically like holding a CD, only the interest is higher and the time frame shorter.
Caveat: I am not a financial advisor; choose to utilize this or similar option strategies at your own risk. (But we are near enough to that 5 dollar strike price to make CAPR one "in play.")
Thought schools were to be a revenue source. What would be a good rumor to start buying now? Maybe breaking into the California market in a couple months.
Does schools opening to in-person learning mean Hawk flies up?
Five figures. First buy-in was for six. (That was almost two years ago. My long-held core. Or what's left of it. Still up, I am happy to say, but that green percentage looks a lot more impressive whenever we touch copper.)
I see the lot sizes on the Bid and Ask are 258k and 400k respectively, so, yeah, 5 figures qualifies as small, downright modest. But it builds up. I now have more flipping shares in my IRA (where I avoid cap gain headaches) than I do in my (taxable) core. I just checked and they are nearly all short term holdings. Less than 5% of those have I held for more than a year. (Again, since they are in an IRA, short-term, long-term, whatever, no worries about wash sales or anything else.)
My apologies if that's TMI, but anyway... gooooooo, Hawk!
Uphold also just added a Limit Order feature. So now you don't have to stay up late or get up early looking for the biggest dip* of the day. Got some more HBAR below 20 cents today... without having to stare at the Transact screen and patiently wait for my price (which I would have had to adjust to account for the spread).
Now my only question is, is there a Level 2 for crypto? And if so, what site do I have to sign up with or app do I have to download to see that?
I am obviously not setting my limits low enough, as the knifes continue to fall, but making very small purchases, as I am not going to time the market perfectly. Will average in (and down) slowly, looking at a dozen cryptos. Not sure looking for the one that is down the most is a winning strategy, but these coins are supposed to have some merit, worthy project, community, etc., attached.
*or spike. Remember spikes? I miss those. We'll see another one eventually.
: - )
Was going to say Thanks for the Cheapies, but dang! I always have a crazy low bid (and crazy high ask) in place, in case it moves while my attention is elsewhere. So I also filled well below my bid on that flash crash, but my purchase was not even a blip compared to yours. (I buy and sell in small lots so as not to disturb the market.)
Good luck to you (not that you need it, apparently). Good luck to us all. Go... Hawk!
Uphold used to offer staking through a relationship with Cred...
... which is why Uphold no longer offers staking. Still waiting to find out how many (or few) pennies on the dollar we get back from that Chapter 11 process. Sure hope it is resolved this year, or I will have to sell some other losers to balance the cap gains I have been booking so far this year.
By the way, I have noticed that Uphold no longer makes a big deal when adding coins. I mean, they announced The Graph, REN, and Synthetix almost two months ago, but since then... nothing, nary a pump nor a peep about new listings. No fanfare for HBAR or Tezos. None for THETA or VeChain, or even MATIC.
At least they did bother to let us know they now offer limit orders. Fifteen minutes after getting that email, I had my first limit order set up. And then Saturday morning I woke up the proud owner of some Enjin, something I remember being shilled here two years ago (along with Verge, as I recall).
Still, despite holding dozens of alts, 72.5% of my crypto is this one. Really hope our use case pans out. Go... XRP!
Just saw that Uphold added limit orders, yikes! Careful what you wish for. Now I can get into a lot of trouble.
I guess I could start by putting in a crazy* GTC order on LBA.
Bwahaha!
*PS they only let me make it so crazy, 2.31 cents. Apparently 2.5 was too crazy.
I have to agree wholeheartedly with your statement...
non-government backed cryptocurrencies are potentially worthless assets
...with just a few edits. I would remove a couple of prefixes, namely "non" and "crypto" to make it a little more clear. Let's try that again:
government backed currencies are potentially worthless assets
Yeah, that makes more sense. A hundred-plus years of experience tells us that. So probably we could also remove the word "potentially" and replace it with something more to the point, like "eventually" or "ever more so" and that should give us a more realistic statement. Here goes:
Government backed currencies are assets that will always become worth less over time. So government cryptos will suffer the same fate, too. It may buy them a little more time, but there is only one overall direction they are going.
Congrats on your market timing, oh Wise One. Did you take profits this morning? Looks like a classic buy on rumor with the fact-selling of it being Memorial Day Weekend starting early while the Album Rock stations are still in the high 400's of their 500 GOAT countdowns. (Do they still do that? I barely listen any more.)
Speaking of the long weekend, is that why everything is down? Maybe the new rule is to wait to buy back on the weekend dip. So much for Crypto "We're All" George saying max options pain is at 50k BTC. Feels painful enough right here, where BTC probably remains for the next three days. (Below 40k, that is.)
Anyway, I will look for bargains on Sunday. (Not all countries have a barbecue on Monday, so not waiting until then to dip buy.)
Oops, I did not mean to be prophetic. Well, now, I can buy back what I sold at a 60% discount. Hmm, or I could buy more Link or Zilliqa or... gee, what’s not on sale right now? Maybe I should stop adding some every day. If this is a bear, not a dip, plenty of time to dollar cost average every two weeks over the next... what? Months? Year or two? Don’t quit your day job! Maybe get a second one just to fund crypto bags. I hear there are millions of jobs open out there.
Maybe it is time to turn an old 401k into a Self-directed IRA. I guess I have lots of time now to study up on exactly how best to do that. With every day of red, seems like this is going to last longer.
You will be thrilled to know that Uphold now lists VET. I know how you love those guys.
: - )
Uphold added VeChain and THETA along with a couple others just a few days ago. Hard to imagine anyone deciding to have new coin listings right in the middle of this bloodbath, but I guess they already had them scheduled and they kept to the schedule. Funny thing is they have stopped announcing these new listings. Last email I got about coins you could now trade on their exchange was when they added The Graph, REN, and Synthetix. In the meantime, they have sneakily added HBAR, Helium, Tezos, UMA without any fanfare, along with a couple that I have never heard of: one called Serum, and another called Chia. (Oh, dear, is that another joke/meme coin? Like a Chia pet?)
https://uphold.com/signup?referral=2c6e42e0e9
Ah, man, so close to getting past Binance. We only need 1.75 to regain third place in market cap. Then again, maybe I should just care about the price; I see MATIC blasted through the 2 dollar mark. Well, good for them and anybody in that; not me, I can get Tezos or HBAR from Uphold, but not Polygon.
So... the two-dollar threshold has fallen during this season, first for ZeroX, then Cardano, now MATIC. When will it be our turn?
As always... (patiently)... go XRP!
Sold another tenth of my holdings during rally today. Will not sell any more unless we double from here. Or unless I rebuy at much lower prices, should we get another Everything Red Crypto Dump Day like we have been getting lately.
What is it with you and 50 cents, MS? Ha ha, just ribbin’ ya. Good to see you here. I thought with all the red today I would check the price and check the board and here you are. Added a very small bag just in case this gets hot like MATIC or ICP (where the heck did that come from?). If it goes down to 25 cents, I will double up. You know me, I like to wait for low 30s before I start averaging in.
: - )
Is it me or has Uphold stopped sending notifications? As far as I can tell I still have that turned on. And when is the last time they have sent us customers an email announcing new listings? Had no notice of HBAR or were they already trading this, Helium, and UMA? I added UMA recently, thinking I was getting ahead of the pump that would follow an announcement, but... no email and no big gains there yet. Feels like the last time they sent notice of new coin listings is when they added the Graph, REN, and Synthetix. Of course, those have not done much for me, either, so I guess it doesn’t matter if they post news about new coins or not. Wait... have they only been offering Tezos for a week? Thought I might add that on the dip as well... if we continue to dip. I would have preferred a certain something that is definitely not a security and is definitely a global-payment-system-improving crypto to have hit 2 dollars first, before everything started tanking, but, oh, well.
Seeing Cardano break two bucks before XRP sucks. I mean it really hurts my feelings. I got a lot more XRP than ADA. And as low as XRP was when I bought into ADA, ADA was a lot lower than XRP. It has multiplied by 15 since then. Heck, I would take a 7x with XRP right now. Even a 5x.
Wondering if anyone got a 1099 from Cred for 2020. I got one for 2019. I hate to have to declare earnings from a company that then proceeded to go into bankruptcy, putting an amount of money at risk that dwarfs what they paid out in interest, but I have decided to play it safe. Since I took a snapshot of the Cred dashboard on October 26 last year and emailed it to myself, I will just subtract the number reported for 2019 from the number showing under "Interest earned to-date" That will seriously eat into my refund, maybe all off it. Going to finish those forms today.
Patiently waiting for Spark tokens; will stake them when I finally get some. I definitely want to do that. Somehow waiting until June seems a lot longer than waiting until May. I guess because May is here now. But let them take as long as they need to get it right. According to you and Uphold (and, come to think of it, Cred--which I wish I had seen as a red flag, even if it was not), I should get credit for all the XRP I had, not just the XRP I still have.
As for lawsuits, Uphold is supposedly suing on our behalf. Not sure whom or how that might get more than what we are going to get. Gosh, I know 40 cents on the dollar is a lot to hope for, and I am trying to prepare for the worst, like maybe 4 cents on the dollar, once the accountants and lawyers get paid, but, jeez, I could use a break. So far I am green in my taxable accounts, but my pace of gains is slowing down. And that is in a bull market; what happens when things turn south? I always have a little hedge on the downside, but... I really need the rallies to run a little longer. Otherwise, I may look around the neighborhood for these Help Wanted signs that I keep hearing about on the radio and see if I can't pick up a few extra hours a day.
Not sure about Deaton. I mean, what is his case? XRP is up. We are up, just not quite as much as I need us to be. If his argument is that the SEC has no jurisdiction, I suppose I agree with that. Actually I should be thanking these A-holes for their bureaucratic overreach, but I was too much of a wimp to double down and rebuy all the XRP lost to Cred--at a fabulous discount, I might add.
Speaking of pyramid schemes, got a restitution check from the U.S. Treasury for one that went belly up in 2009. Not even a penny back on the dollar. 0.7432 of a cent, to be exact. Now I should note that the letter that I got from the US District Court a couple of months ago used the word checks, as in plural, but not sure if that meant each victim would get a string of payments (as the criminals earn more income over time?--he wondered with a shrug) or not. Certainly not holding my breath. I had already written that off long ago.
As for Cred, I do not believe they have been charged with fraud by any government...so far. As I understand it, with them going through Chapter 11, it will be a capital loss which will take years to absorb as you can only have -3000 per year and the rest has to be carried over. I don't mind spreading the loss over a few years, but that 3000 max is BS as it does not get the same yearly inflation adjustments that you get, for instance, with the social security threshold.
So is the lesson to not have your all eggs in one basket? Or to put all your eggs in one basket and then watch that basket like a hawk? I certainly wish I had switched to Nexo. Would have been worth the effort. But now I would only give some of my crypto to Nexo (or BlockFi or Gemini or Celsius) to get their rates. Meanwhile I am working options strategies with stocks (obviously not pink sheets) to try to not only beat the return from just holding for dividends, but to beat those 2G2BT crypto "staking" rates. Something to keep me busy while I wait for XRP to retest 2 dollars. C'mon, now, XRP, you can do it! Gooooooo, XRP!
Darn it, XRP surpasses DOGE just as expected ... for the wrong but ridiculously predictable reason. Seriously, the Saturday night dump of Doge was a classic self-fulfilling prophesy. Looks like it bottomed at 42 cents (or 0.420, as it reads; guess that support level was predictable, too. Ha!) Sadly, I started my profit-taking at 40 cents and I did sell some more as high as 68 cents, but not enough to fuss with buying back in near 50, so I will just hold my free chips in the game for the next rumor/news cycle.
Indeed this morning I rather wished XRP was the coin just below Doge in market cap, because that coin was green and at 1.80. I got all excited until I realized that was Cardano. I have some ADA, but dang, that was like losing the lottery AND having the Chinese space junk fall on your house all at once. Hopes and dreams (and the newly painted guest room) all crushed.
Come to think of it, XRP has been nearly as predictable as Doge. Big bump the morning of Coinbase going public was an obvious place to sell to protect initial investment and then get back in a lot cheaper. The difference is, Wash Sale Rule or no Wash Sale Rule, it is looking like you could wait 30+ days since that event and still get back into XRP at a discount, albeit (I hope) not as low as that nearly 50% dip afforded. Whereas DOGE has offered many rips and dips to flip, with new higher highs and higher lows. They are well off the high, but already up from the most recent low, too. I guess we are not going to stair-step so nicely. Because, you know, we do not have a meme, we just have a use case that encompasses the entire globe’s finances.
I did not sell at the obvious time to do so, therefore I continue the mantra of Patience, since I failed to be quick. Slow and steady...
Cred made more than half my XRP disappear, so what’s another 10 Billion here or there? Bwah ha ha! (I’d say I must laugh or I would be crying, but I have sore ribs already.)
Dog meme seems to be sucking a lot of the air out of the room. Already playing with house chips there*, but I need XRP to get back somewhere over 1.85 to do the same with my biggest stack of crypto. If I could wake up to over 2 bucks, even better, but I am not holding my breath. Zero X teased me yesterday by doing that, but I just missed getting the price I wanted, thanks to the Uphold spread.
*Selling has always been the right thing to do at the time, but buying the dips would have been smart, too. (And some of you have said there is no Wash Sale Rule with crypto; boy, if that is true... dang it!)
Look above to see Doge is a cryptocurrency.
Seriously. Home > Boards > Cryptocurrency > Coins > DogeCoin (DOGEUSD) kind of says it all.
So, no, seeing how DOGE is not a stock, fund, or trust, you cannot buy or chart it on E*trade or Fidelity or Schwab/TD Ameritrade. You cannot trade cryptos directly with regular stock brokerages. You can only kind of follow BTC and Bitcoin Cash, Eth and Eth Classic, and Lite with the Grayscale family of Trusts. (GBTC, for example is their trust for Bitcoin; note that your discount or premium to NAV may vary.) As for buying/trading most cryptocurrencies, you need an account with a crypto exchange.
You might try searching for crypto charts or just go to coinmarketcap.com. Tap on the coin you are interested in to learn more about it and see a bigger chart. They list a number of exchanges; I would add Uphold, Gemini (they just listed our favorite meme coin; that news pumped the price earlier this week), and I believe Kraken has it, too. Notably Coinbase does not... yet.
Good luck and be careful in the crypto world. This one has rallied and corrected a number of times in the past month. Not sure how high we go before “Live, from New York!...”, but the correction predicted to follow does have the ring of Self Fulfilling Prophecy to it. Conversely, I also think the rumor pump/news dump cycle will continue beyond Saturday Night, but likely will feel tame in comparison for a while.
Speaking of... anyone following the CCP space junk? As it circles the Earth, ready to crash... here’s hoping not on Rockefeller Center tomorrow night.
The split announcement was nearly a year ago. That created a chance to get some cheapies when things soured as they usually do (and usually should) upon such bearish news. Wish I could say I held out for the ten-bagger, or even doubled or tripled my money, but I bailed in that same month of June 2020 with a meager 40% gain while it was still under a penny. But then that’s how I traded CWNR in the first half of 2020: it was all about flipping the dips and rips with house money. Those early free shares were from the quick pop in Summer of 2019. Did not quite score the top of the candle, just 4.7 cents, but that was a nice ten-bagger that took only 3 months to develop.
Not sure why I was in such a hurry to sell on June 30 of last year. Probably some FUD. Missed out on the quadruple that was there at the beginning of this year and the double to follow. At this point, I would probably wait for the dust to settle from an R/S.* You would think that, in 2021, reverse splits and ticker changes should not still confuse your broker, but they seem to do exactly that. (If you are holding shares through the split, especially in a taxable account, be sure to write down your cost basis. Don’t count on Mr. Schwab, E*trade, or Fidelity to remember it for you.)
Or maybe I am only thinking of ticker changes. Is there also going to be a new ticker? I was thinking they could keep the symbol if they had jumped on the MJ/CBD bandwagon: It could have been called Cannabis World Natural Resources, or something like that.
*That plan would have worked for NCPL (formerly VSTR). Actually a number of stinky pinkies have surprised me post-split and remained worthy of watching and trading. Wish I could say that about NSPX... ugh.
Note that today is an ex dividend day, so it will be another 3 months until the next one. Not that anyone is here for the 4% annual yield when this can be up or down 20% in the span of two to three months, but it provides some consolation for bag holders. (Not to mention last November, shareholders got a bonus 12.4% paid out in stock in a different company, VTRS, an event which did not tank PFE; it surged 6 points. Viatris itself also went up, but is now lower.)
It is normal for a blue chip to be down a little on the day holders capture a quarterly dividend, but there is obviously more at play here today than the 39 cents per share. That morning dip let me sell another cash covered put. Which is one way you could play it, if you are interested in squeezing more than the dividend out of a divided-paying blue chip. The July 37 puts were up to 90 cents; that is worth more than two quarterly dividends, and you close that trade in no more than 10 weeks (and a day). If it goes down and finishes under 37 on July 16, you become the proud owner of 100 shares and are in line for the actual dividend (which this one tends to raise every year) a few weeks later; then you can look to sell a covered call. Make sure that premium is worth at least one quarterly dividend (and the strike price is no less than the strike where you entered), and you will collect a year’s worth of dividends in a quarter of the time.
Eventually, if you get impatient during the downswings or grossly underestimate the strength and duration of rallies, you will sell too soon and too cheaply, and kick yourself for doing so. However, looking over the course of two years of trading PFE, I see that I have sold calls 29 times and only had shares called away 9 times, all the while collecting those quarterly bonuses they call dividends.
For the record, Rosie Rios was not Secretary of the Treasury. She was Treasurer of the United States (left signature on your dollars) during the Obama administration. Obama’s first Treasury Secretary (signature on the right) was Tim Geitner (how can you forget Golden Timmy?), followed by Jack Lew.
As for XRP (not Ripple), if someone could wake me when we get back to 1.90, that would be awesome. Thanks.
With Uphold you can trade 32 different cryptos (including this one) plus various tokens and stablecoins. And as an added benefit, they do not tend to crash during big pump days like today (although I did have one order delayed by a few minutes once). They have no transaction fees per se, but there is a spread. So I for one, will need probably over 68 cents for a ten-bagger on my initial stake. What the heck? I should probably hold out for 69. That is not too much to ask when we have most of the week to pump this. And this will keep trading 24/7 Friday and Saturday.
As has already been mentioned, Gemini (as in the Winklevoss twins) announced it will support trading in DOGE. (Maybe that is the huge news to which Volcano was referring; new listings are generally bullish. Being added to Coinbase, or a juicy rumor of same, should have that effect, too.)
So... Gemini... Apollo... SpaceX... Elon hosting SNL, what isn't taking us to the moon?
So HOD of 60 cents has been set already by George? : - )
Or is that just a really strong resistance level? Four more days until the FACT of Saturday Night. Seems like a lot of rumor running time left on the clock. Wish I had the time to buy every dip and sell every rip. GLTA.
Actually, there might be some good news beyond the Elon pump and NBC ginning up phony controversy for ratings.* But I do still expect another dip below 50, maybe even 40. Overbought is overbought, whether you are a meme coin or a steady dividend-paying blue chip.
*It is kind of nice to have the promo department of one of the legacy propaga--I mean TV networks pumping your favorite investment, isn't it?
Nice when NBC marketing department pumps your investment. I am kicking myself, too, for not re-buying the portion of my DOGE that I sold a few weeks ago. The profit-taking was not wrong. But not buying back in at a big discount sure looks like a no-brainer opportunity missed.
Wondering does the dump come during business hours Friday or do you hold out until Saturday Night? "Live, from New York, it's... time to sell the news!"
: - )
So, if DOGE was a no-brainer during the pullback to low 20's, why is it so hard for me to load more XRP? Oh, yeah, because I never took profits. I am up, but not up enough. (Thanks again, Mr. Schatt!)
Did Cathy forsake us for the meme coin? It would have been a smart move. Looks like everything is down except that. (Bow wow!) Everybody buying the rumor, with the fact being ... "Live! From New York! It's..."
Guess I will sell another cash covered put here. Then look at a call with either the same expiration date, or for a month later.
Yep, that is why I edited my post, because I saw yours. I still find there is a lot more junk out there that E*trade will let you buy that Fidelity will not. I don’t think I have run into a stop sign on E*trade yet. (Unless maybe I tried to get back into SCIE, but then that was because trading was halted altogether.)
I know the dirty money—I mean the filthy cheap get-in-and-get-out money that makes the pink and grey sheets such a land of crap-shooting fun—that money is to be made in low trips and complete dog meat companies that are delinquent on their filings, etc, because they have a lot more potential upside percentage-wise. They have nowhere to go but up (until they do another reverse split). An announcement that “hey, they have new management that is going to clean up their act and get current” is some of the best news that a languishing old stinker can hear. It will run and climb the hot board list with a huge influx of pumping posters posting the news and posting how great the news is. A ticker symbol change WITHOUT an accompanying R/S is also good for a pump.
I joined iHub two years ago. Now I know not to get too excited about anything on the hot board and I am less inclined to chase a pump. When I do check out tickers, I do so with Fidelity first, since the zero commission thing extends into the pink sheets. (With Fidelity it costs me one penny to sell a penny stock position, while yesterday with E*trade, my penny profiting got shaved by 4.94 and 9.91. Not to complain while I pocket gains, but that is more than the 2.95 and 3.95 commissions quoted respectively, so where did the rest of the 8 bucks go?) Frankly, if Fidelity says, sorry, not enough information on this company, I reconsider buying it with any broker. Do I really need another Caveat Emptor, delinquent ticker in my portfolio? (And what if I get a partial fill? The nearly ten dollar cost of the trade could be more than the value of the position I open. Buying with Fidelity costs nothing.)
But, I know, I got it, that is not your complaint. It is not knowing if you can trade it or not until you preview an order. It takes about twenty seconds to get to see the Caveat Emptor or some other stop sign. I suggest just loading a bunch of tickers you are not sure about, that you have on your watchlist, and try them out one at a time with a very low limit order on your bid. A while back I checked dozens of stinky pinkies I already have with E*trade on Fidelity to see which ones I can trade there in the future. Quite a few failed to make the cut. Gare knows about some, like BBUCQ. (Fidelity calls it Michigan Brewery Inc while E*trade still calls it Big Buck Brewery and Steakhouse Company.)
Nice call; early pop was just the start.
I guess I should pay more attention to your posts. : - )
Again, well done.
I thought you just needed 25k on account and then you did not have to worry about the Pattern Day Trader rule. Of course, this is a newbies board and many new players in the market will have less than 25k, but... for old folks like us, we should be OK. Not that I day trade much. But if I followed a trading strategy to get in and then get out quickly--even more quickly if the trade does not immediately move as planned--then I would be in that position. (In practice, I am more of the chase-and-become-a-bag-holder-then-DCA-for-a-year-while-waiting-for-the-next-pump kind of trader.)
However, while I don't think the PDT rules apply to me, I act as if they do, because I have no business trading that frequently, which is why being told something is up 500% from the day before does not do me much good, as I am not looking to get in for an hour to squeeze another 10% to 20% out of it.
If I had jumped on a board this morning to say MVNT was up 100% and some pump-chaser logged into their account to buy, they might have bailed with a 50% loss or more. Hmm... then again, they could have weathered the storm, loaded some dips and sold for a nice gain of up to 100% in less than a day. It looks like I sold those shares and I could have bought them back much cheaper and then sold them again at an even higher price--darn it! Not to mention I had those shares in a Roth, so no worries about wash sales. (Double darn it!)
I should note that you cannot trade MVNT on Fidelity (I tried, to lower my average); it does not let you trade as many stinky pinkies as E*trade does. Indeed for me it's hard to find a ticker E*trade will restrict, but sounds like there are some now. That would be the Morgan Stanley influence. A couple years ago they let me buy into BBUCQ; you can't get much more "we'll let you trade anything" than that, right, Gare?
Hey, G Street, speaking of big Friday movers, had a few today: MVNT and VIBI were the biggest on the upside. I think I am finally playing with house money with VIBI. Been selling 100k at a time (which is how I bought it, averaging in) since I started two years ago. I sold again today since it was up 100% and it hit a limit order (barely); that leaves me my last chunk of shares with the lowest cost basis. I think they are all "free" so I can hold on to those for a moonshot. Certainly they are in the green by over 200% and that looks good on the screen.
As for MVNT, I did not sell on the opening pump (as the limit order I had put in months ago had expired--bummer, dude!). I put my order in again for the same nice exit price (which is not far from where it is now), so I could be playing with house money on that one, too, but I only made it an order for the day, in case I want to rethink the price over the weekend. Maybe get lucky with some momentum.
On the down side of things, well, you know about DOMR. I may try to pick up some more and lower my average.
As for tickers you have mentioned recently... I have some TAWNF. Made the mistake of starting my averaging in too soon. I could have waited. I might take a flyer on RGBP since it has cooled off. You and GC must love it at 2 cents if you liked it at 3.
; - )
PS Still playing with house money on APYP, SNDD, and INKW. I would tell you how well I did percentage-wise on Doge after just a month, but I don't want to rub salt in the wound.
Now you have me thinking of a person, RO. Guessing, that is, as to who that might be.
At what time was this person employed? Mornings? (Mornings are usually for moderates, but... not always anymore.) Late night, like eyes-red late night? Did this person have a--let's see, it wouldn't be a nom de plume, so... nom de air? You don't have to reply to that here, but I can only post in public. (I really do mean to become a paid member eventually; just looking for a good deal.)
So, anyway, what brings you to Rip--I mean, XRP? Think it is a hedge against the Great Reset? Think XRP is the rebel's coin? That seems doubtful, if we are talking the IMF here. But then again, people do not hold a position in gold because they have a rosy outlook. They don't hoard physical silver because they think freedom is on the rise around the globe and fascism is waning.
Me, I started with XRP a couple of years ago simply because it was the cheapest of the top ten. I thought maybe BTC had already priced in plenty of inflation. (Hey, live and learn.) And while I am into 20 other coins (and always looking for more), XRP still represents about 75% of my crypto. So, I wish us all well, and am only slightly bruised by the self-kicking from not taking profits on the obvious sell-on-the-news of the Coinbase listing last week.
That question is the nose of the camel pushing further into the tent. What is next? Are we to list all our possessions and list our pets by name and breed? What kind of plants I have and how often I water them. Do I ever wash my car in the driveway?* Speaking of cars, am I physically capable of riding a bike and if so, but I am not, why aren't I? What's my excuse for hurting the environment? Do I recycle or just wish-cycle? Do I eat red meat? Do I check potential partners for communicable diseases before engaging in a little bit o' the ol' you-know-what? (Oh, you don't know about the two-week cooling off period? It's in the next "recovery/stimulus" bill.)
; - )
But seriously, next they will be asking us if we have insurance or not. (Oh, wait... that was further up the slippery slope.)
So I humbly ask: where is the checkbox for "I don't know; you effers don't know; how should I know?" And finally, where is the lawsuit to remove that Nazi BS? There should have been one. Why isn't there one? Everybody too busy masking up to man up? Good grief, we are such weak, cowardly sheep, we deserve to be sheared.
PS Gooooooo XRP!
*Answer: Yes; once a year (whether it needs it or not) on July the 4th.
With whom do you set alerts on crypto? I can set an alert with my broker on any stock as long as it is worth at least 10 cents a share, but... what do you use for crypto price alerts?
I said to wake me at 50 cents, not 30. That would be rtrstock.
: - )
Not even close here. We are already off 25% from the high of today. Heck, at this rate, rtr will soon be able to buy back everything that he sold.