Investing

What did you buy? What might you buy??

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  • Jan 16th, 2022 9:35 pm
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Deal Addict
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Jul 11, 2011
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Ontario
MrMom wrote: LOL
I know, right! Sometimes the wind changes direction fast here, lol

I'll still flip for a profit when the chart tells me so, but I can also be comfy holding right where it is for a while too
Deal Expert
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Sep 19, 2004
24862 posts
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where I belong
TSX Tech (or I'd like to call pump and dump? LOL)
Real Matters dropped another -13% today to new 52w low
YEAR RANGE
The difference between the high and low prices over the past 52 weeks
$8.05 - $26.45


MAGT daily red since the ER (reached $42?), $33 today
How did it reach $65 ever

SHOP is really the one still standing strong
LSPD, NVEI, DCBO all came in
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Member
Mar 12, 2017
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jerryhung wrote: TSX Tech (or I'd like to call pump and dump? LOL)
Real Matters dropped another -13% today to new 52w low
YEAR RANGE
The difference between the high and low prices over the past 52 weeks
$8.05 - $26.45


MAGT daily red since the ER (reached $42?), $33 today
How did it reach $65 ever

SHOP is really the one still standing strong
LSPD, NVEI, DCBO all came in
Not sure it's a laughing matter. I started in August and got caught in the tech pump on all those stocks, but real matters. I can tell you the "lol" isn't pleasant. Worst month in a while to start investing in tech. If I started in April, ot would have been easier to stand back and understand what was going on.

The ER of MAGT was actually good. No reason to keep falling like that.
Jr. Member
Oct 5, 2009
186 posts
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leolozon wrote: Not sure it's a laughing matter. I started in August and got caught in the tech pump on all those stocks, but real matters. I can tell you the "lol" isn't pleasant. Worst month in a while to start investing in tech. If I started in April, ot would have been easier to stand back and understand what was going on.

The ER of MAGT was actually good. No reason to keep falling like that.
So, now what is your strategy?
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leolozon wrote: Not sure it's a laughing matter. I started in August and got caught in the tech pump on all those stocks, but real matters. I can tell you the "lol" isn't pleasant. Worst month in a while to start investing in tech. If I started in April, ot would have been easier to stand back and understand what was going on.

The ER of MAGT was actually good. No reason to keep falling like that.
I feel you 100%
I own LSPD (ouch) and MAGT (double ouch). Thankfully got out of FD/Real Matters before they got worse
only win is SHOP

Meanwhile, Crypto miners (say HUT or GLXY) or Energy names are rising vs. Tech tanking, it's hard to swallow
Always makes me wonder why bother investing in TSX Tech for the drama ... when I can just buy QQQ or TQQQ or SOXL, way more upside

"glut for punishment" describes us :P
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Mar 12, 2017
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automation wrote: So, now what is your strategy?
To tell you the truth, maybe there's another timeline where I start investing sooner, catch confidence and sell at the pump while having the same lessons. But this week, I realized that it burned me without me noticing it. So I'm slowly going to ETFs and passive investing. When you get hit in the face in your first month, it's hard to get back on track and feel confident about what you are doing. Without confidence, it's dangerous to invest.
Member
Mar 12, 2017
444 posts
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jerryhung wrote: I feel you 100%
I own LSPD (ouch) and MAGT (double ouch). Thankfully got out of FD/Real Matters before they got worse
only win is SHOP

Meanwhile, Crypto miners (say HUT or GLXY) or Energy names are rising vs. Tech tanking, it's hard to swallow
Always makes me wonder why bother investing in TSX Tech for the drama ... when I can just buy QQQ or TQQQ or SOXL, way more upside

"glut for punishment" describes us :P
I was 50% in TEC.to and XEQT, the biggest mistake that I have made is to no stick to the plan and keep it there. :)

I'm thinking too much short term for my own good. So better to keep it as simple as possible so I don't want to go to my computer too often in a day to see what's going on with my stocks. I didn't like missing an opportunity because I wasn't in front of my computer. Not sure that's good.

Still have some stocks, but I think I'm phasing out slowly.

Concerning MAGT... I managed to get out at 42... But guess what? I went back in at 36... That's a good company, I thought. Good management. It has to turn around. It probably will, but it wasn't worth it. :D The cord was cut!
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Aug 30, 2015
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Steinbach, MB
I also took the plunge today and bought Visa. The discount on this one was way too good to pass up.
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Jul 30, 2012
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PaddyM77101 wrote: Looking at HOU tomorrow
Looks like WTI technicals look to test near-term support of $74-75... might be early on your call but good luck...
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Mar 23, 2015
336 posts
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Westmount, QC
BABA expecting big drop today I guess not done with bagholders days for this stock
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May 15, 2015
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leolozon wrote: I was 50% in TEC.to and XEQT, the biggest mistake that I have made is to no stick to the plan and keep it there. :)

I'm thinking too much short term for my own good. So better to keep it as simple as possible so I don't want to go to my computer too often in a day to see what's going on with my stocks. I didn't like missing an opportunity because I wasn't in front of my computer. Not sure that's good.

Still have some stocks, but I think I'm phasing out slowly.

Concerning MAGT... I managed to get out at 42... But guess what? I went back in at 36... That's a good company, I thought. Good management. It has to turn around. It probably will, but it wasn't worth it. :D The cord was cut!
It's not a mistake if you learned something from it, and, there is a certain amount of tuition that must be paid in order to get better at playing this game, so don't beat yourself up.

The worst is compounding one poor decision with another, which it sounds like you are not doing.

What's worked best for me so far is doing my research and planning outside of trading hours, then executing the plan when the market is open. The biggest challenge is just sticking to the plan! Sounds like we share the same issue.
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Dec 26, 2012
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Vancouver
CNR/CP getting kicked down lately I imagine due to the floods washing out BC.
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Mar 10, 2018
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does it matter?
Not much in stocks yet even though I have lots in company stocks. But planing to but Air Canada and keep it for long. just taking chance or say gamble.
Tried new coffee and doughnut. Found same old stale thing. expected bill of six bucks but it was 600 million. Big mistake so the guy said don't worry it is on the house. going back to McD.
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Jan 28, 2008
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Toronto
retireearly wrote: I also took the plunge today and bought Visa. The discount on this one was way too good to pass up.
at what price you bought V ? i might buy some V today
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Jun 2, 2020
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V5y1v1
Bought a little GLO.to and some HOU.to.

GLO is a long hold, HOU is a 2-6mo hold.
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Dec 8, 2020
977 posts
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Toronto
jerryhung wrote: Meanwhile, Crypto miners (say HUT or GLXY) or Energy names are rising vs. Tech tanking, it's hard to swallow


Always makes me wonder why bother investing in TSX Tech for the drama ... when I can just buy QQQ or TQQQ or SOXL, way more upside
it's because it's not what 'the follow the crowd RFD'ers are supposed to do' - and that anyone suggesting someone even *look at* a leveraged 2x/3x ETF is not part of that crowd.

I've previously posted on leveraged ETF's & said *take a look at/consider* 1% of these in a portfolio.

from yesterday SOXL when it was $65.

jan 2023 cc $20 strike paid $47/share or $2/$20 money at risk of 10% for 14 mths, 8.57% 12 mths.

$45 is the return of capital that sits in your account.

Jan 2023 cash covered put at $20 strike price pays $2.50/share or 12.5% 14 mths, 10.71%

combined return if stock is above $20 on expiry $4.50/$20 money at risk = 22.5% because the stock can only go in one direction.

on total initial investment of $65, its $4.5/$65 = 6.9%

^^^ anyone doing the trade has to be bullish that the stock will be above $20 in 14 mths to the option expiry.

buying both sides of SOXL/SOXS, looking at a backtest, it isn't even close to a zero-sum game.

2011 - 2021

https://www.portfoliovisualizer.com/bac ... ion2_2=100

2018 - 2021 during this period you had the December 2018 drop as well as March 2020 COVID drop

https://www.portfoliovisualizer.com/bac ... ion2_2=100

.
Last edited by Janus2faced on Nov 18th, 2021 12:59 pm, edited 7 times in total.
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Jan 22, 2006
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Northside
Bought some LSPD and added more BABA
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Sep 12, 2012
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Im going to be bag holding BABA for years to break even lol

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