TSX:REI.UN - Post by User
Comment by
Mirko22on Jan 25, 2021 8:08pm
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Post# 32381402
RE:RE:RE:RE:Trying to understand
RE:RE:RE:RE:Trying to understandSargeX wrote: Hey Gas
Totally cool on your trading prowess. We sure have a different investing philosophy but I love to hear how well you've been doing since March. A big congrats!!!
That's interesting on the amount of trading cash you limit yourself to especially given your portfolio size.
As mentioned on the HR board, my wife & I sold all our BPY.UN because of the BAM take-over and trimmed 60% of our HR.UN because I finally got tired of it (held since Oct, 2013).
We put part of the dough towards adding to existing long term positions and part into our trading cash. The trading cash is split between my wife's RRSP ($57k) and my RRIF ($35k). I only trade in stocks that we already hold in our long term holdings as those are what I know best, We've made 190 trades since March and have made a profit on every single one. I know they are all good compnaies, so I never sell for a loss. I just hold until they are in the green.
Take care
Sarge
gashole wrote: glad I unignored you so I can comment.... GME went to $159 today... dropped to $61... Ya great way to make money, you want to play on that kind of volatility, eventually you will get burned big time.... GME has very little value and is pumped by wall steet bets.. The called themselves the "degenerates"... thats NOT investing, thats speculation.. You think I would put 2 million into somehthing like that?..... it could go up 200% and then drop 300% 10 minutes later !! Its NUTS !! I have 30k shares of REI, and happy to hold it.. Right now as of today I am down $3,000... Thats after buying and selling it 8 or 10 times in the last 10 months and being up 200k on it.... it would have to drop to $9 or less for me to be break even on it... The low of the year was 12 something I think??............ Now I hold it. .... Its easy money to trade something you understand... I dont understand GME and how the stock goes up from under $3 to over $100 on ZERO fundamentals, in a declining business model...... GOOD LUCK WITH THAT ONE !! Thats gambling plain and simple.. When I bought PLUG I felt like I was gambling.. I bought it at $9 the first time, sold at $16, bought back at $18 sold again at $24... Crazy volatility.
I bought blackberry.. with my trading money 2 weeks ago.......I have owned NIO and PLUG at lower $$ value - made a bundle - bought it on the hype when it looked like a momentum play - I did well... the volatiliy when you are buying 500k of a stock like that is enough to give you heart palpitations... I now use $25 to 30k as my "trading" money... I sold my BB today...
Covidruinedme wrote: its called oppunity cost , i just made 20k in GME and PLTR with 70k, how much would you need to make 20k in riocan in a day? atleast 2 million dolllar. with every tech stocks moving 20% a day why would you put your money in a stock that moves 1% a year? think about it
Get lost. F**K you Leo and GAS