What I Am Buying Today.

[fenders53]

(11-15-2021, 06:09 PM)ken-do-nim Wrote:

(11-15-2021, 04:10 PM)stockguru Wrote:

(11-15-2021, 03:42 PM)ken-do-nim Wrote: We use OKTA at work.

Do you own MARA? Just curious. I know you like that industry 

Have you bought more RIO yet?

MARA - nope, and I don't care if it's taken off like a rocket.  If I were to buy it again, it would go down sooner or later, and I wouldn't end up making money on it.  Like Fenders said, I need to stay away from equities I don't have conviction in.

RIO - up to 30 shares.  Still 70 more to go to reach where I was.  I'm looking forward to finishing it off.

NAIL - wow it's back over 100 last I checked.  I still don't think this is a triple that over time goes up like SOXL, TECL, and TQQQ do.  If I had any now I would surely sell, then wait for it to go back to 60 and start the wheel all over again. 

LABU - my vote for worst triple.  

ORC - keeps slowly sinking.  That 15-16% yield tempts me no longer.

VZ, T - I got out of these, even with the small amounts I had in them

OHI, AGNC - more yield traps I won't return to

NLY - I have about $100 in it as a "watch".  

TTD, NVDA, TSLA, ISRG, ADBE, GOOGL, FB, UPST - I like these tickers but I got out of individual stocks in my ROTH.  I'm sure they will come back next year or the year after in the taxable.

MRNA - if it's going back up I don't want to know.  All my other mistakes this year were papercuts compared to this body blow.  Still, in the long run I believe in their technology and I will eventually bring it back if it is at a sane price.  Ideally when they have some other drugs in phase 3 trials.

Despite all of my missteps this year, the taxable is up 43.3% year to date and the ROTH 66.11%.  That said, the ROTH hasn't moved since August.

You've had an exciting year for sure.  I had one of my best years in a long time and I am well short of 40% overall port return.  I just did it with 1/3rd the risk.  I was more concerned what happens to you in a truly tough market because 3/4ths of your port would be on fire in a bad way at some point.  It can even dangerous in an up market.  Everybody here knows it and that's why you get so much grief.   

I can type lessons learned the hard way for hours but yes, you have to have conviction in high multiple stocks if you aren't planning to flip them in a week or two.  It's overwhelming when a bunch of them are blowing up in a bad way.  It's OK to take a shot on a couple if you can stomach it.  

You know what went wrong with MRNA.  It may be a major player for 50 years but short of a new miracle drug soon or a MOMO run it's going to be a very long time before it sees anything near your entry price again.  And add slow to the cyclical commodities if you really have to own them.  You weren't early and it's too late to FOMO in if you aren't going to sell them a short time later before they crash.  Steel, copper etc. could stay high for years, but the right entry was a year ago and you'll get burned if you stay a few months too long.  I've been bitten many times by materials stocks.  Nobody wants to wait 5 years to get back to even.