/biz/ - Business & Finance

4500 shares and I'm not selling.
Who is with me?

Those hedge funds can burn.

Not sure if you guys saw but Warren Buffet just made his second biggest purchase of the crisis. He bought a lot of shares of Bank of America, ticker BAC. Likely a sector bank rally.

Girls I got my boyfriend to sell all his crypto. There is this really nice modern pink fridge I have my eye on.

>>19770843
That's the problem.
The calm either means it is going up or down. You won't know until it happens.

Today I realized frens that I need to take profits on up days and buy on down days. I bought today, but I should have took profits on Monday.

>>19583146
Lot of people here have no understanding of risk management. Many of you just made some good money the past month. Now you have to learn how to keep it.

Here is an example.
I think the big banks have room to go up. Citi is around $60 and has a 52wk high of $80. Now the stock may go down or may go up, but I think it will go back close to $80. I just don't know when. So I bought shares of stock. If the stock goes down I don't care because I don't have a problem holding for two months and getting the dividend. Also if it goes down a lot I'll buy options because I think it is temporary.

This is risk management. I think the trendline is good, but I don't know when. This implies I should buy the stock and if it goes down I still get the dividend and can perma hold for a long time. At the current price level options are too risky.

a n i m e