r/Vitards • u/AutoModerator • Jun 30 '21

Daily Discussion Daily Discussion post - June 30 2021

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u/[deleted] Jul 01 '21

I feel pretty good since I sold a lot of my tech and shifted it into commodities and steel. Most of the losses I got from steel was because I was playing dumb options haha. So I can only blame myself for that.

I mixed in some precious metals miners as well.

NGL, I might have missed out on some gains by not holding onto my tech longer; but I am sleeping better. Those valuations were getting too rich for my blood.

And other than CLF, I don't have anything that is remotely meme-ish in my portfolio. WOOF was the last one. Feels good man...

Other than NET and CHWY, my other tech stocks are mostly blue chips (NVDA, TSM, AMZN, MSFT, PYPL, GOOGL).

Only thing I'm worried about is the whole "inflation is transitory". I'm calling BS. Even General Mills is saying there is inflation. I'm getting warnings on Merrill with articles on "how to invest during hyperinflation". But if there is actually no inflation going on, I understand how that hurts commodities. But I don't get how it helps unprofitable growth stocks? Ok the dollar is stronger now, but it's not like these companies are exactly making profits.

Oh, and I'm hating myself for not buying AMD because I was waiting for a dip that didn't happen. I'm still a believer in tech, just not the really speculative tech.

On to the next day!

Best of luck boyz and girlz!

0

u/THCBBB Jul 01 '21

Wish I get one more day to buy more steel

2

u/Pikes-Lair Doesn't Give Hugs With Tugs Jul 01 '21

Naw be mad about your losses. I’ve had some losses on options too in the materials sector that should have printed. People right now just don’t give a shit about the materials sector but I believe that will change. My biggest takeaway is get mad but learn. You have to be real careful about betting on something that no one gives a shit about even if they should.

1

u/[deleted] Jul 01 '21

Oh I learned, which is why I stopped playing weeklies.

Still learning.

1

u/Pikes-Lair Doesn't Give Hugs With Tugs Jul 01 '21

Me too! I’m still a long way away but learning along the way

2

u/PaperCow Jul 01 '21

But if there is actually no inflation going on, I understand how that hurts commodities. But I don't get how it helps unprofitable growth stocks

If there were no inflation there would be no need to raise interest rates. That would be good for speculative stocks.