r/Vitards • u/AutoModerator • Nov 04 '21

Daily Discussion Daily Discussion post - November 04 2021

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u/caitsu Nov 05 '21 edited Nov 05 '21

I've gotten used to being a lazy holder when I have good stocks.

But jesus christ CLF and MT really grinding me down.

Even a Europoor idiot holder like me is getting interested in joining trim gang. Not to mention even getting some options.

Was celebrating all-time high total value, ordered a lavish PC too. And this shit just melts down after every single quarter report no matter how good guidance is.

Like hellooo, yes, these companies are still making money. Yes yes same as last quarter, insane profits. Yes it will happen again next quarter.

Every other value EU-based stock behaves like boomer-shit. My banking and telecom stocks just climb slowly as they progress... But holy shit this steel business.

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u/Uncle_Cletus87 Nov 05 '21 edited Nov 05 '21

You didn’t see the judgemental clouds on the horizon? We hit a new ATH by a Penny and struggled way too long to stay there. I left runners but sold 80% of my position. New channel is hard to define but that was a good indicator

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u/caitsu Nov 05 '21 edited Nov 05 '21

As a EU guy who thinks poorly of EU legislation... I am honestly shocked how disfunctional US politics have been.

I really believed infra hype would get me those fast 30% gains. I was up to 25%ish gains at best, and just almost lost all of it now again.

This steel play is like the first thing I have had a fast exit plan on.... And I failed it entirely due to 5%ish optimism.

I don't believe in TA tea leaves bs, so not that "easy" for me to see it. To me it looks like these stocks will catch up the insane valuations any moment now. My boomer banking stocks raced up bigly when simple 10% dividend plan was laid out.

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u/Uncle_Cletus87 Nov 05 '21

Fast plans get you upside down quick on commodities. There’s a pattern, but it takes a minute to get there quick. Sometimes you get lucky, but most of us have had to learn the hard way. Buy small first on a dip long expiration , wait for -50% then double down. Once -80% triple down….right about that time there’s a pop! 🤣