Bump, anyone get caught up in Game Stop or any other meme stocks?
Bump, anyone get caught up in Game Stop or any other meme stocks?
Danny Bandana wrote:
Bump, anyone get caught up in Game Stop or any other meme stocks?
I traded Game Stop, not the initial pump that buried the hedge funds, but in the day's after that as it was topping out but still some interest. I made some good trades. Wasn't too greedy, took some profits, and moved on.
Did the same with Tesla.
Haven't traded either in the last 6 months and probably won't.
Spent over 500k on women/escorts/strippers in my life. Lost 100k+ on an 11 day bender in Vegas in 2019. Wasted a lot on spilled liquor too. Lost a 40k bet on a Chinese woman MMA fighter. Other times I've spent a lot of money but in hindsight they were good decisions, I think.
Performed tax loss harvesting during March 2020. I actually called the bottom perfectly on March 23rd and sold all my losers that day, for proceeds of around $700k. Unfortunately, I only bought back in with 50% that day, and watched in horror with the other $350k on the sidelines as the market went straight up the next day. After waiting on the sidelines for a month or so waiting for another downturn, I gave up and pushed all back in.
So that original $700k is now 1.2mil, but it would be over 1.5mil if I had just pushed everything back in March 23.
Not the worst thing, but stings to know I missed big gains. The thing is I didn’t actively think “I’m outsmarting the market and it will go down even more” I just didn’t think it would rocket up unrelentingly from the next day. Oh well.
what timing wrote:
Performed tax loss harvesting during March 2020. I actually called the bottom perfectly on March 23rd and sold all my losers that day, for proceeds of around $700k. Unfortunately, I only bought back in with 50% that day, and watched in horror with the other $350k on the sidelines as the market went straight up the next day. After waiting on the sidelines for a month or so waiting for another downturn, I gave up and pushed all back in.
So that original $700k is now 1.2mil, but it would be over 1.5mil if I had just pushed everything back in March 23.
Not the worst thing, but stings to know I missed big gains. The thing is I didn’t actively think “I’m outsmarting the market and it will go down even more” I just didn’t think it would rocket up unrelentingly from the next day. Oh well.
So you timed perfectly to sell at the bottom. If you would’ve actually performed tax loss harvesting, you would’ve bought all back in.
STEVE THE ADDICT^^^^^^""""""""'"--';"- wrote:
Spent over 500k on women/escorts/strippers in my life. Lost 100k+ on an 11 day bender in Vegas in 2019. Wasted a lot on spilled liquor too. Lost a 40k bet on a Chinese woman MMA fighter. Other times I've spent a lot of money but in hindsight they were good decisions, I think.
I wanna party with you cowboy. Hookers are still cheaper than divorce.
Danny Bandana wrote:
Bump, anyone get caught up in Game Stop or any other meme stocks?
Actually, yes. I owned $20k worth of GameStop in 2020. It went up a little, and I bailed. Then it went up like 100x or whatever.
Cashing out investments when tight. I could have figured it out.
Oh goodness. I wasted about 5 years chasing a silly ‘pro triathlete’ dream. Nothing wrong with that, but I was so far short of being good enough to be pro (like I couldn’t even win a local race). It would be like a 14:40 guy trying to make the Olympics. I pissed away about 5 years equivalent of earlier retirement plus a great deal of time trying to get my swim good enough to make a ITU ‘pack’. In hindsight I wish I would have kept running and gotten serious about mountain biking. USA triathlon had a talent ID program that I got swept into to find unconventional athletes for Beijing and I just sorta blindly trusted them that I had a shot. Got to travel to a few cool places to race, but spent like $40k + 20 hrs week training to get like $10k of ‘free’ trips. My bad…