So if you had $50K to invest, where would you put it?

MisterF80M3 · 04-20-2020, 05:54 PM

Quote:

Originally Posted by Nuckle

I bought USO at $4.51 and again at $4.21 and again at $3.77. Ready to hold it as
Long as I have to. Maybe rebuy if it's drops to $3.20.

You know that USO is not a good ETF to hold long term right?

USO suffers significant time decay.

MisterF80M3 · 04-20-2020, 06:03 PM

Quote:

Originally Posted by Littlebear

I still have great expectations for SDGR, up 19.67% today.

https://f30.bimmerpost.com/forums/sh...8&postcount=20

Murf

Very volatile stock. I got shaken out 2x. I got out with a small profit on the first one and a small loss on the second.

Nuckle · 04-20-2020, 06:08 PM

Quote:

Originally Posted by MisterF80M3

Quote:

Originally Posted by Nuckle

I bought USO at $4.51 and again at $4.21 and again at $3.77. Ready to hold it as
Long as I have to. Maybe rebuy if it's drops to $3.20.

You know that USO is not a good ETF to hold long term right?

USO suffers significant time decay.

I am banking it will have a short term return as things pick up but I e already admitted multiple times in this thread that I am still learning and an extreme novice.

BimmerDimmer6 · 04-20-2020, 08:40 PM

Quote:

Originally Posted by EricVR4

I've gotten almost no work done today. I've just been staring at my monitors in shock, watching WTI absolutely plummet.

Today sucks a lot.

We need wheels moving and wings in the air soon

Are you an advisor

premier3is · 04-20-2020, 10:55 PM

Quote:

Originally Posted by Poupon McArr

Quote:

Originally Posted by Nuckle

Mainly based on history but that said I don't know what I am doing for the most part. I had a 40% profit in USO after owning it the first week but was too greedy to sell it and watched it fall to where it is now. Historically it's been double triple its current price for 5 years. I just don't see it staying low that long but again I am a noob.

History? Not to be rude, but over the last ~8 years its been going down pretty consistently

USO is dogshit lol. Investing in oil is garbage, sure it can go up but I'd rather invest in a good blue chip stock where I have much better chances of making more money due to many other variables and not just the price of oil.

Nuckle · 04-20-2020, 11:09 PM

Quote:

Originally Posted by premier3is

Quote:

Originally Posted by Poupon McArr

Quote:

Originally Posted by Nuckle

Mainly based on history but that said I don't know what I am doing for the most part. I had a 40% profit in USO after owning it the first week but was too greedy to sell it and watched it fall to where it is now. Historically it's been double triple its current price for 5 years. I just don't see it staying low that long but again I am a noob.

History? Not to be rude, but over the last ~8 years its been going down pretty consistently

USO is dogshit lol. Investing in oil is garbage, sure it can go up but I'd rather invest in a good blue chip stock where I have much better chances of making more money due to many other variables and not just the price of oil.

Well I guess I'll go cry now.

MisterF80M3 · 04-21-2020, 02:10 AM

Quote:

Originally Posted by Nuckle

I am banking it will have a short term return as things pick up but I e already admitted multiple times in this thread that I am still learning and an extreme novice.

Why catch a falling knife? Much better setups out there, IMO.

EricVR4 · 04-21-2020, 07:46 AM

Quote:

Originally Posted by BimmerDimmer6

Are you an advisor

I'm not, I just work in the oil/gas industry for a contractor company

BimmerDimmer6 · 04-21-2020, 10:04 AM

Quote:

Originally Posted by EricVR4

I'm not, I just work in the oil/gas industry for a contractor company

Good luck, keep us updated.

Littlebear · 04-21-2020, 10:12 AM

Quote:

Originally Posted by MisterF80M3

Very volatile stock. I got shaken out 2x. I got out with a small profit on the first one and a small loss on the second.

Sorry to hear that!
I think it is a stock worth taking a small flyer on, if only to help keep an eye on it.
I should take some profits from it now....

Murf

Nuckle · 04-21-2020, 10:49 AM

Quote:

Originally Posted by MisterF80M3

Quote:

Originally Posted by Nuckle

I am banking it will have a short term return as things pick up but I e already admitted multiple times in this thread that I am still learning and an extreme novice.

Why catch a falling knife? Much better setups out there, IMO.

More like catching a falling samurai sword right now. This one may leave a lasting mark that I will learn from. Can't sell it now, got to ride it out.

corn18 · 04-21-2020, 11:14 AM

Quote:

Originally Posted by Nuckle

More like catching a falling samurai sword right now. This one may leave a lasting mark that I will learn from. Can't sell it now, got to ride it out.

You can sell it now. Easy question: would you buy it today? If not, sell it.

premier3is · 04-21-2020, 11:16 AM

Quote:

Originally Posted by Nuckle

I bought USO at $4.51 and again at $4.21 and again at $3.77. Ready to hold it as
Long as I have to. Maybe rebuy if it's drops to $3.20.

Well, did you buy more today?

Nuckle · 04-21-2020, 11:40 AM

Quote:

Originally Posted by premier3is

Quote:

Originally Posted by Nuckle

I bought USO at $4.51 and again at $4.21 and again at $3.77. Ready to hold it as
Long as I have to. Maybe rebuy if it's drops to $3.20.

Well, did you buy more today?

That's the big question! I am tempted for sure.

BMW F22 · 04-21-2020, 11:52 AM

Placed a limit for 10,000 shares of WTII for total of $1. LOL it's probably not gonna make money ever but if it ever does go up...

corn18 · 04-21-2020, 12:05 PM

This thread makes me happy. For us hard core indexers, we need price discovery to keep the market moving. Ya'll are doing a fine job.

Nuckle · 04-21-2020, 12:15 PM

Quote:

Originally Posted by corn18

This thread makes me happy. For us hard core indexers, we need price discovery to keep the market moving. Ya'll are doing a fine job.

We also appreciate your condescending tone and know we are not worthy of sniffing your jockstrap when it comes to the market. Thanks

corn18 · 04-21-2020, 12:23 PM

Quote:

Originally Posted by Nuckle

We also appreciate your condescending tone and know we are not worthy of sniffing your jockstrap when it comes to the market. Thanks

Prove me wrong.

Nuckle · 04-21-2020, 12:25 PM

Quote:

Originally Posted by corn18

Quote:

Originally Posted by Nuckle

We also appreciate your condescending tone and know we are not worthy of sniffing your jockstrap when it comes to the market. Thanks

Prove me wrong.

Where do I say you were wrong?

MisterF80M3 · 04-21-2020, 05:35 PM

Quote:

Originally Posted by Nuckle

That's the big question! I am tempted for sure.

I hope your position isn't massive. I know people that dump their whole life savings in 1 stock and hope for the best.

Nuckle · 04-21-2020, 05:44 PM

Quote:

Originally Posted by MisterF80M3

Quote:

Originally Posted by Nuckle

That's the big question! I am tempted for sure.

I hope your position isn't massive. I know people that dump their whole life savings in 1 stock and hope for the best.

It's not much and I am spread over 10 different positions. All of them negative today but that's a different story hahahaha. The total amount I put in my TDA account was close to equivalent of what I would spend if I went to Vegas for a week including gambling.

BimmerDimmer6 · 04-21-2020, 06:20 PM

Quote:

Originally Posted by Nuckle

It's not much and I am spread over 10 different positions. All of them negative today but that's a different story hahahaha. The total amount I put in my TDA account was close to equivalent of what I would spend if I went to Vegas for a week including gambling.

10k.

04-21-2020, 11:52 AM	#543
BMW F22 Major General 3664 Rep 9,783 Posts Drives: ///M235i Join Date: Nov 2005 Location: Bay Area iTrader: (8)	Placed a limit for 10,000 shares of WTII for total of $1. LOL it's probably not gonna make money ever but if it ever does go up... Attached Images
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04-21-2020, 12:05 PM	#544
corn18 Captain 1724 Rep 618 Posts Drives: 2020 X3 M40i Join Date: Jul 2019 Location: SW OH iTrader: (0) Garage List 2014 Jeep Wrangler 2D [0.00] 2015 Chevy 2500HD [0.00] 2015 Z4 [0.00] 2020 X3 M40i [0.00]	This thread makes me happy. For us hard core indexers, we need price discovery to keep the market moving. Ya'll are doing a fine job. __________________ stultorum criminis reus erit
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