Quote:
Originally Posted by jpoeo
I lost a **** ton of money on $baba.
#metoo. How did you maritngale it? Just keep selling then buying double as it goes lower? Or martingaling options or something?
I agree with you that online poker is not viable. Poker is not a job, it's a hobby that you can make some money at if you play it in a non-fun, serious way. I feel sorry for all these people getting scammed into thinking they can make a lot of money at poker.
Don't get depressed, you can make the money back, every day you have the opportunity to win or lose a lot of money in the stock market, just don't focus on making it back right away, or on that particular stock, or any other tech stock, there are plenty of stocks whose charts keep going up slowly over time. Even if you decided to just keep buying and holding VOO, VTI, VTSAX, etc., you would make money. No one is talking about it but most of the tech stocks that went up in 2020 charts look like the 1999 tech bubble that already burst.
it seems the Chinese stocks are highly manipulated just like TSLA, so if you see it being manipulated down with bad news you know it's going to bounce at some point with good news. The same is true for all the stocks that trade in a channel like IWM/TNA. But you might as well use your money elsewhere until it starts running up. Don't hold on the way down.
Today in the news it looks like they are trying to manipulate the Chinese stocks up again, especially EV stocks. I think BABA, BIDU, NIO, and XPEV will go up, but idk if I'll buy because at some point you just get tired of the manipulation and want to stay away from these stocks.
I also feel this way about GDRX; I'm bullish on it long term but it just seems way too manipulated and I got tired of it. I guess if you think it's trading in a channel it would be a buy.
Btw I don't think TSLA is done running yet. I will never get tired of TSLA being manipulated. I'm very bullish on RIVN too but buying right after IPOs is a great way to lose money.
None of this is investment advice, obviously I do not know what is best for you, do your own research.
Quote:
Originally Posted by AllinPoker
If you worried about delisting just transfer to the HK shares for a small fee.
They exchange easily 8 to 1. Even warren buffet owns $8 billion of BYD on the HK exchange.
brilliant, thank you! I could not find Alibaba (SEHK: 9988) Hong Kong shares on my broker website so I googled how to do this and it looks like you need an account with one of these brokers??? "Some of the prominent U.S. brokerage firms for trading foreign stocks are Interactive Brokers (IBKR), ...E*TRADE (ETFC), Fidelity Investments, and Charles Schwab (SCHW)."