Lurker > CoolCly

Moonroof this is a omega huge lesson you need to learn here. Most stocks have millions or billions of stocks outstanding and can have hundreds of thousands or millions of shares changing hands every day. With all of that volume, the trades that we make here are just a drop in a bucket and have really no impact on prices

But if you go into a stock with very little volume and waive your big dick around, you will have a drastic impact. If people are only selling 1-2k shares at a time for 70 cents and you come in an place a market order of 36k shares, you'll immediately buy those 70 cents shares, and then some more shares listed at 73 cents, then some at 80 cents, then some at 90, then some at $1, then some at $2 because people have set limit prices at some arbitrary place up, and your market order will just keep searching for the next available price until it fills 36k shares. The volume just doesn't exist to fulfil your order so it will keep going up.

This should sound familiar - because it's what we were trying to force the hedge funds to do with GME in the short squeeze. Your broker just saved you from learning this the very hard way.

Warrants in particular are very low volume, because they are issued by the company intentionally as potentially extra shares that could be exercised and added to their existing pool of shares.

So whenever you are placing a big order you should default to limit unless you are very sure the volume is there to handle it. By default you should probably assume that it isn't and rely on limit orders.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Steel yourself to the inevitable fact that you will lose party members, maybe even an entire party at once

Good luck out there

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Hey Chris, did the recent Twitch craze of opening card packs have a noticeable impact on prices in your corner of the world?

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Is there an obvious place warrant exercise price can normally be found with a ticker? It feels like a full research expedition just to find it sometimes.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

masterplum posted...

Some of you guys are going to lose your pants if the market crashes

what behaviour exactly are you cautioning against and what behaviour are you recommending with this comment?

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

IMO the fights between Ghost and Ant-man due how their powers interact elevates the sequel. It's fun watching Ant-man fight people, since when they try to hit him, he disappears and does weird shit they aren't expecting. Ant-man fighting someone else that does weird shit that he doesn't expect takes it higher.

It really is a detriment by the time we get to Ant-man that the villain in the origin story always has the same power as the hero. The mirror match, like most times other times, isn't that exciting.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Dang everything is up, I was gonna park some money in some ETF's on friday but didn't get around to it. What ez gains to miss....

I think I just need to start following Blur into everything he does. As they say in the stock market, past performance always determines future performance

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Ant-man and the Wasp doesn't really excel, but if the average Hollywood action movie (or even non MCU comic book movie) was at least as good as Ant-Man and the Wasp, the average quality would be a lot higher IMO.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

that was quite the stretch for LMS to bring The Last Jedi in here but he found a way

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Occultist sign

man i love this game, so much atmosphere and the ancestor's lines haunt my sleep

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Bucky and Falcon's tension over who's Captain America's #1 best bud is will carry this franchise far. The old or the new?

It's too bad they are both beaten by a Stark.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

oh i tried to buy some doge last night but binance declined my canadian credit card and i gave up noooo the gains

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

The Tony side of that joke is perfectly fine, but having a dude respond was a step too far imo

The writers were probably still dealing with the fact that Cap just said "language"

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Zen is *owning*

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

i refuse to believe cookie monsters are naturally occurring

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Personally I'm holding out for the Robin Hood IPO =)

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

He's never actually called that in the movie so most don't know him by that name,, and since his final fight is fairly tonally at odds with the rest of his character, the "Iron Monger" ends up being used more for the suit than Obadiah himself.

Calling him the Iron Monger makes it sound like Obadiah during that fight is who Obadiah is overall, which feels wrong.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

I said earlier that while the "Iron Monger" sucks, Obie is totally awesome. I don't think that title really applies to him at all. He kind of becomes not a character in the third act and it's not reflective of his role in the movie

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

so what's the right price on these AVCTW warrants. seems volume is very low so trying to game for a lower price can be pretty fruitless

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Thor is a GOOD movie

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

red sox 777 posted...

Responding to Cly from the last topic, my current allocation is:

Cash 11%
Crypto 6%
Stocks 83%

I don't own any ETFs, mostly because I perceive them as boring. A big reason for doing this for me is the fun of picking stocks myself, and being right or wrong. Also, I don't normally have this high an allocation for cash, but I just sold some stocks the past couple days and haven't reinvested them yet. Usually, I like to keep cash at a level enough to cover immediate expenses and that's it.

I do have some other investments managed by other people, like a 401k, which I basically try not to think about or include in allocation thoughts.

Yeah, I feel you, I'm very much in it for the fun of it right now, and I'm still learning a lot. It feels like the most productive thing I've ever done, learning so much, building actual value, and having a good time. It's all very exciting and an excellent use of time. Provided it doesn't all come crashing down =)

ETF's are a bit boring but they are helping my learning a lot at this stage. It's also a great measuring stick on performance. It kinda feels like I'm in a race to beat the ETF's returns. And if I lose, then I have to admit they are king and just rely on them. I don't want to lose.

But also I don't have a 401k or pension or anything like that. I don't even own a house that will build equity over time. These investment games are all I'll have! I feel like I need to build a solid part of my portfolio to remain steady in addition to the more aggressive things I want to do. It would be convenient if there was an employer managed plan figuring that out for me all this time I guess but unfortunately that's not super common in Canada. At this point, just building up ETF's over time myself seems like a better idea than obtaining a plan that will take a fee.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Lopen posted...

I told you don't gamble with earnings calls

You gamble with the hype run up to the call you have to plan ahead.

Sell before the call unless super confident

Yeah I was thinking about this lately - if an earnings call is coming up in a few weeks and there hasn't been a rise in price yet you could buy and gamble that will rise in anticipation of the call and sell during that rise.

Buying right before the call means you are the one buying after it's risen from hype. My very first buy was doing this with AMD and I was punished for it.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Well sure, and like red sox has said, initially getting in on GME at that time actually wasn't that bad of a bet to make. My concern is that every time a new talking point comes up on WSB, I see you mention it here as if it's true. You're still doing it here today. This is a genuine shift in how you take information I think you need to make if you want to keep looking at stock stuff.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

red sox 777 posted...

My impression of WSB is that despite calling themselves stupid, they are fairly smart in choosing trades in the sense that if they bought stock instead of short-term call options, those trades would probably be +EV. However, they choose levels of risk so high (almost always options) that the variance blows up their accounts most of the time even if the trade is +EV.

As a whole, WSB likely outperformed an index fund (but not this topic) in 2020. However, probably at least 90% of users there lost money. Probably another 9% of users broke even or made a small amount of money and 1% or so of users made a lot of money when their lotto ticket options hit.

The most dangerous thing about this is that some users on WSB are 1) actually smart and post in that extremely self deprecating memey manner ironically and to push the culture of the subreddit forward with their good ideas, 2) have no idea what they are doing and are just here because of the excitement and think they are part of something, or 3) are smart and are post in that extremely self deprecating memey manner to get all the #2 users to buy into a pump in dump

You don't want to glide into WSB and pick up advice from #2 or 3 here. And they are both VERY prevalently giving stock advice there.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

StartTheMachine posted...

For the record, reading financial filings does put me to sleep. But reading about management's visions for their respective companies and their histories and all of those sorts of things, I really like. And more often than not, it's pretty easy to spot s***ty management from a mile away.

Also this is a post that I want to respond to from last topic

The MD&A of an earnings release can be very insightful into the operations of a company and tell a lot more of the story beyond the financials, and give you an understanding of what the company is doing and intends to do beyond what you might read about in the news or on reddit. So these are very good things to read if you want to learn about a company.

BUT. Just like a lot of posts on reddit about stocks are intended to spin you a story to convince you to do something that will benefit them, (and not you). the management discussion in these disclosures are intended to portray events and future plans in as positive a light as possible to shareholders, lenders, and potential new investors, You need to take this all with a grain of salt because they *want* you to think they are doing a good job and have a good plan going forward. It's all about the story they are trying to tell.

I know this intimately because of.... reasons.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Anyways I am so buttfurious that I wasn't able to sell covered calls for next week yesterday on AMC with a strike price of $13 for $1.5 each because my account wasn't set up properly. That's just not a possibility anymore with today's drop.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

ExThaNemesis posted...

I don't think GME is properly valued anywhere near $10, especially if Cohen can get it turned around like he did with Chewy.

DFVs original DD had them in the sixties so

No offense Extha but I think you take the things you read on reddit as face value and true way too easily. It's very important to always take that stuff with a grain of salt as a lot of it is written by people who want you to buy so it inflates their own investment. ESPECIALLY on Wallstreetbets.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Jesse_Custer posted...

Its kind of weird for me to see so many mentions of Justin Hammer. His character didnt make any impression on me and I had forgotten he even existed until reading all these write-ups. Thats not to criticize Rockwell, but I think he was wasted in a boring role.

I didn't notice how great he was until rewatches. in fact, I think my impression in my first watchthrough was that he was a shitty villain kinda like Whiplash. I didn't really *get* what he was supposed to be until a rewatch and I really appreciate that the movie even tried to do that to a major villain in the movie.

Of course, his impact is still less than it could be due to the mediocre writing of the movie in general...

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

there's some exceptions, but it seems that there's a general consistency in who's in the top 10 and who's in the bottom 10

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

red sox 777 posted...

Question for the topic: How many stocks do you own at a time? Right now I'm at 15, which is the highest it's been since I started. SPCE is the biggest holding at 37%. I will probably decrease SPCE to 20% or so before the test flight and maybe increase the number of stocks held to 20 or so.

I'm still doing all sorts of things solely for the purposes of learning and seeing how different things change over time, so 15 doesn't sound that crazy to me.... but then again, it might depend on if you mean any ticker at all or if you mean just general stocks. Do ETF's and small bets on penny stocks and the like count?

I'm currently spread out in the following classes like this, but I don't really feel spread thin. I feel like I'm still on the hunt for more things to add to my list. I don't even have any options in here!



Maybe I'll scale back eventually when I feel like I have less to learn, but I don't think I like the idea of concentrating in a few things. I've heard the common wisdom that concentration is for wealth building and diversification is for preserving wealth, and if you concentrate in just the right stock it is the most effective thing... but that means you have to concentrate in the right stock. I'm not so sure of the odds of that. Diversifying to find the bloomers seems like the way to me. But maybe that's just my inexperience talking.

I like the idea of going long on the AVCT warrants. I need to look into this company and see if it has legs, since it basically requires the stock price to get to $15 to start being worth it. If it ever gets to $20 it'd be amazing. 2025 is a very long time so there's plenty of time to get here. But I'd hate to drop some decent money and find out it's headed to the bottom of the ocean.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

i feel like every biotech stock "has a lot of really interesting trials going on"

it's super easy to hook me into buying these but i'm not sure if they actually pay off....

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

I'm gonna go ahead and defend the Dark World a little

The opening part of this bit is awesome:

https://www.youtube.com/watch?v=e5Un5aGqEcs

Coming out of the first movie, we are familiar with Heimdall, his devotion to guarding Asgard, his ability to be all seeing, AND we know his guard post at the end of the rainbow bridge. So we know this character, we know his motivations, we know his abilities, and we know the location.

So for a little invisible ship to sneak by his all seeing gaze, and for him to suddenly notice at the last second and be like "what the hell is this" and give everything he has to stop it is awesome.

But then, the scene moves on to a giant CGI action fest with set pieces and places that I'm not familiar with or connected to. What Heimdell accomplished didn't matter at all. The Dark World doesn't really set any of these areas up to really be meaningful to me besides there just being a bunch of shit happening on the screen. All of the set up I describe for Heimdell's part came from Thor 1, so TDW doesn't really get credit for that at all, though it did execute that part pretty well.

Overall, this is a great scene that slides right into why The Dark World isn't very good.

The defense rests.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Loki didn't turn good by the end of the movie though. he came back 10x as bad in the next one!

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

I think that Sonny guy from Antman and the Wasp is rather forgettable but that's fine, he's pretty okay for his place in the movie. Much better than villains who fail to fill their (more significant) place in the movie

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Seems fine I guess

"Iron Monger" im pretty blegh on but Obie I'm pretty high on

Ironically the Iron Monger is actually filling the same role here in this list as.... well, spoilers. And for the exact same reasons.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

That's a real neat thing to track Tom Nook. I love sharing all my opinions with Anagram thank you for this.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Is Coinbase bad? It's bar far the one I hear about the most so it must be doing something right

I've been hearing about Binance lately because of Doge but I'd only heard it once or twice before that.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

this guy im interviewing for a position mentioned he likes to learn about the stock market

I couldn't help replying with a "GME, baby!"

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Lightning Strikes posted...

Also, theres a scene where Thor asks how to get to Greenwich from Charing Cross on the Underground and the directions are totally wrong! This sounds silly but is something they should have caught, according to an interview with him Tom Hiddleston caught this, tried and failed to intervene, then at the premiere (which was in London) the audience groaned at that scene. Having seen this film in London... it was a common opinion. Londoners actually care about this stuff! Its genuinely a big part of the citys culture so they did their location dirty there.

Oh no, this movie is even worse than we all thought possible

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Inviso posted...

Eddv
This is a bad movie - too much poorly done "greek" god stuff.

i am the bone of my bait

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

I don't have the heart for day trading volatility at all

I bought Gamestop at $94 today hoping it would go back up over $100 again, and watched it go down and up around it a little and saw it inching upward and just decided to sell at $96. Then DFV tweeted and the price went up to $102

In my head I expected this to happen but my heart just couldn't hold

I don't blink at all about variations when I have a bull hypothesis in general but trying to take advantage of volatilities throughout the day feels very different. I don't think this is where my future lies.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

I want to sell covered calls on my 200 AMC shares, my cost basis is $12, $1.5 premium to sell at $13 next week would go a long way towards digging me out of my hole

BUT MY BROKER WANTS ME TO UPLOAD A SIGNED AGREEMENT TO ENABLE THIS NOOOOO

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

I think there are people in this topic who did that

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

I think DFV has already cashed out $10mil, but that won't make those people feel better...

I think I might as well cash out my last shares for what's left and hold on to like 5 shares until the end of time as a memento

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

I don't like phrases like "you can't make a standalone Hulk movie", I see people throw that around a lot. People will say this about Star Wars of all things. There might be obstacles and issues that you need to figure out but the right creatives could absolutely find the right way to make it work. You just can't do it well unless you solve those problems.

I think there's lots of ways a standalone Hulk movie could be great. The Hulk hulking out and being chased by the military just isn't enough by itself.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

It's going to be a full reverse order. his outlier score will be off the charts

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

If there's a dip i will consider buying amazon, i wonder how much it could go though. Below $3200 sounds like a buy to me but that might be too much of a stretch

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

I sold CTRM for 65 cents after buying for 71 cents i am bad at day trading

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

bump

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG

Boy GME is taking a beating - is this the end of the road or a pit stop before another rally?

Volume is low so there might be a lot of "holding the line" but that doesn't mean much if the price tanks and the frenzy to buy is over.

I dumped some new money into my account so if I think this is gonna take off again I have a real good opportunity to get it cheap here, but I just don't know if that's the play.

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The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG