Stock market dealing

[Arbu]

A trailing stop loss would have done just what your friend did with his nvidia. It would have closed me out at a loss at 3:20pm. Or, if not, at much the time that I did in fact close it out when it made the big move down to 254.

 

[Justin Passing]

Just found this:

You did mention an insurance stock a while ago, but no way to know which stock it was.

I omitted the name it's true . There was not " no way". 20 seconds with a stock screener would have found it or thers like it.
IGI International General Insurance
----

A trailing stop loss would have done just what your friend did with his nvidia.

Not at all.
Completely wrong, look again.

A trailing stop couldn't have got you a lower price than you did unless you'd set it very tight. If youwait untill it's cleared yo know you won't lose.
You sold absolutely at the worst point of the dip. It would just have been possible to set the TSL distance such that that would have happened, but tighter and you'd have sold for more, or looser and it would have carried on higher.
IG claim they have ATR trailing stops, which improve the odds.
What you did was what the guy with the NVDA did - "Oh it's gone down I must sell it and walk away". The walk away bit is what confirms the loss.

Sure that could be the start of a long term humungous dip, but if it's an "inside" day or in a rising trend that's unlikely. BTC was on an uptrend.

-----
Several things I hold are down right now - tech and gold. I'll hold for now. India is showing signs of carrying on the uptrend so I have a few % there. Gawd knows how long we'll be in the middle of US Electon choppiness for.

I have some biotech , softwares and financials too.
Several stocks are below their 50 MA.
There are lists online - Forbes etc. no they are not advice.
SMCI is down due to accounting "fraud", they may well recover.

Forbes:

9 Best Stocks To Buy Now​

Company (Ticker)	Forward P/E Ratio
Spotify Technology S.A. (SPOT)	20.9
The Progressive Corporation (PGR)	8.6
Alphabet, Inc. (GOOG, GOOGL)	13.2
Intuitive Surgical, Inc. (ISRG)	52.2
Tapestry, Inc. (TPR)	12.3
TopBuild Corp. (BLD)	18.2
Citigroup, Inc. (C)	50.8
The Kraft Heinz Company (KHC)	8.7
Fidelity National Information Services, Inc. (FIS)	18.4

Best Cheap Stocks of November 2024​

Company (ticker)	% Below 52-Week High
ExlService Holdings, Inc. (EXLS)	13%
O’Reilly Automotive, Inc. (ORLY)	16%
MSCI Inc. (MSCI)	20%
Inter Parfums, Inc. (IPAR)	26%
Kinsale Capital Group, Inc. (KNSL)	29%
The Bancorp, Inc. (TBBK)	31%
Super Micro Computer, Inc. (SMCI)	37%
NICE LTD (NICE)	38%
Globant S.A. (GLOB)	39%
Paycom Software, Inc. (PAYC)	61%

 

[Justin Passing]

There are some interesting charts w r t elections in this yotube, from Michael Nauss from about 08:42 on their clock bottom right

 

[Arbu]

I don't think IG have ATR trailing stops, but sure, you could use ATR to set the stop. Trailing stops have to be added when you open the position, but I could get into the habit of doing that. I'm very wary of providers just widening the spread to hit stop losses though, as we've discussed.

I don't know why you like Michael Nauss so much. I thought he was going to talk about market manipulation which lots of people say we've just seen, but instead he gave some rather nerdy statistical analysis of what has happened around previous elections.

 

[Justin Passing]

MN is a good chart analyst. KNowledgeable, diligent, honest...
I've probably made 3 figs of k based on what he's pointed out.
Nerds get rich.... Like Bill Gates said, he's a nerd. MN is a rich nerd too.
I will take notice of the info he gave, plus what I found already re elections, in the next few days.

Using SMCI right now, mentioned above, up today from 24 to 28 so far.


No you can't set your own ATR stops

 

[Justin Passing]

Then there was Trump Media for another 16%. Delighted to take some money off the bloke. The best was when it was going down

 

[Arbu]

Closed out a couple of positions this morning for modest profits. Felt that the immediate election reaction was over. Kind of buy the rumour, sell the fact. Bitcoin had a great move overnight, but that looked done.

06/11/2024​

NVIDIA Corp (All Sessions)

DFB

£61.40​

DEAL

DIAAAANNJB97QAJ

13582​

14196​

0.1​

£

61.4​

FALSE​

2024-11-06T10:08:31

2024-11-01T14:04:11

GBP

06/11/2024​

NVIDIA Corp (All Sessions)

DFB

£57.40​

DEAL

DIAAAANNJB97QAJ

13622​

14196​

0.1​

£

57.4​

FALSE​

2024-11-06T10:08:31

2024-11-01T14:03:24

GBP

06/11/2024​

MicroStrategy Inc (All Sessions)

DFB

£144.00​

DEAL

DIAAAANNJCRKTAQ

24103​

25543​

0.1​

£

144​

FALSE​

2024-11-06T10:08:29

2024-11-01T14:01:41

GBP

I hope you got out of SMCI

 

[Arbu]

Then there was Trump Media for another 16%. Delighted to take some money off the bloke. The best was when it was going down

He hasn't posted on it since he won, so maybe it was just a campaigning thing and he will let it run down now.

I'll buy some meta, since Threads would be a bit of a competitor to Truth Social, and the price is relatively low.

 

[Arbu]

Notwithstanding what I said about Truth Social, I saw that the price was trending up pre-market and felt that more (less professional?) buyers would come in during the day. So I bought premarket, intending to close out later in the day. Which I did, but buyers didn't come in, so that was a loss. Now short.

 

[Justin Passing]

I hope you got out of SMCI

On Monday, 4th SMCI stopped rising as soon as I posted, at 27.xxx so I got out there. Back in spring I held some over night along with NVDA, but this lot could come tumbling down any time so I'm not happy holding very much of anything overnight. I did lose a bit on SMCI somewhere, but everything else has been going nuts.
THe long-term stuff is in bonds and funds which are slow to buy or sell. The worst of those has been some gold/silver, recently - the orange line:

I bought it early August. It bounds back up mid month for the last few months, but looking at spot gold (green), and the fact that Trumps has changed the landscape, pushes me to getting rid of it and using the others - SPY500 is blue. It takes the best part of one of those 6 day marked dividions to shift it, by which time it may be on the rise.
I have a lump in Baillie Gifford America B, which aims to beat the spy over time. It jumpeed 5%yesterday, which for a Fund, is mad. It 'll probably drop back.
For Wednesday I doubled the day-trading pot before the day started, which makes me feel nervous, in anticipation that bitcoin related things would fly as before. Coin was it, with coin3 in the Isas. Best day, I think.

I'm out of it right now (early Thursday) expecting a pullback.
In previous years after an election, like Reagan, the market rose for a month then dumped for a month.

---
Wrote that last night - forgot to press the go button.

 

[Justin Passing]

Notwithstanding what I said about Truth Social, I saw that the price was trending up pre-market and felt that more (less professional?) buyers would come in during the day. So I bought premarket, intending to close out later in the day. Which I did, but buyers didn't come in, so that was a loss. Now short.

Dog knows who's buying that stock. Any old Tom, Arbu and Justin I guess Short from what, 30? As far as I know the stock doesn't pay a difvident or published earnings, so I woudn't surprised if it drops sometime. I'd have been tempted to set a stop and wait. Is it really more than a meme stock?

I'm holding too many stocks again. I need to cut it to half a dozen and watch them more closely.
eToro is like a kid's platform, but at least you can put trailing stops on things as well as TPs.
Need a better platform. Only been saying that for a year...

GEV, SMR, PLTR(bit high now) The Mag7, Netflx a few picked off screeners That's 20, in the US, a few in UK/EU, ugh.

YINN could be interesting

 

[Arbu]

Dog knows who's buying that stock. Any old Tom, Arbu and Justin I guess Short from what, 30? As far as I know the stock doesn't pay a difvident or published earnings, so I woudn't surprised if it drops sometime. I'd have been tempted to set a stop and wait. Is it really more than a meme stock?

I think it's just a meme stock. Everyone knows it's worthless. I'm sure there will be some short squeezes at some point, so it's a game.

 

[Arbu]

YINN could be interesting

Because of Trump tariffs?

 

[Arbu]

GEV, SMR, PLTR(bit high now) The Mag7, Netflx a few picked off screeners That's 20, in the US, a few in UK/EU, ugh.

Peloton looks quite interesting, after all this time.

 

[Justin Passing]

Because of Trump tariffs?

No I just thought China would be moving again yesterday - a follow on..
It went up 6% yesterday. Bit better than a building society...

Yes Peloton you're right. I bough some just after the mini crash in August at 3.30. Now it's 8. Not enough to be exciting though.
One is always wrong. Too little, too much, too early or too late.

Shawn Caterna's sticky Notes have neen accurate resently.
(to out reader, on youtube's TraderTv, he post tips every day)
For 4 out of 5 of his tips, if you just did what he said, you'd be up quite a bit.
For things like this, where his start was 146.50, for NVDA

You'd be up 2.72 Daaaahlar$$.
The hard bit would be holding through the dips.
Buying and selling takes a lot of concentration, so one way could be to buy 1 share and hold it long all through, but when you're feeling worried on the drops, go short 2 shares as well, so you're adding. The timings wouldn't be critical.
If you did it with 100 shares up, 200 down,, you'd get $272 from the overall rise, plus another $100 or so.
Using CFD at the normal 5:1 you'd need $8760 in your pot to use. 4+% in a day.

That Baillie Gifford America B didn't drop back, it just didn't go up as much yesterday. I have that in a pension fund, which overall went up 2.5% in the day. Wow.