Is that ABNB or DoorDash mellers? I'm purely looking at a hump and dump on ABNB. I wouldn't touch DoorDash. Fast food delivery is worth more now than it ever will be.
Is that ABNB or DoorDash mellers? I'm purely looking at a hump and dump on ABNB. I wouldn't touch DoorDash. Fast food delivery is worth more now than it ever will be.
Hump and dump? For fucks sake have some self respect man.
What have you become?
It could go further, but this is a percentages game and that's just had 3 strong days. Daily's overbought, 4hr is overbought. Your exposed to some serious pain there if it retraces, which it should. Possibly tomorrow. Almost certainly by Friday.
Those bishes ain't worth shit. One afternoon to rock my world and i'm outee yo.
Seriously though, why not mellers?
But it's not on the market yet? I'm confused.Originally Posted by Mellberg
Fucking gold btw
It's @ $83. Been trading since August. You can trade before it lists on certain platforms.
Snowflake and Unity both IPOed a few months ago. Snowflake's gone from about $220 to $370 and Unity is up about 60%. I was tempted by both but I haven't a clue what I'm doing so stayed away.
But is it just another tech bubble? I suppose bubbles are fine if you get out before they pop.
What app is that?
Ale Or Horse.
I'm a twit
IG. Best I've seen by a distance.
Yeah, no chance I'm buying but christ I wish I had some to sell. Absolute insanity.
Yeah, yeah, yeah, and everyone lolled when Facebook floated at $40 or whatever it was (and then dropped thus proving us right). Oh wait . . .
Selling $DASH short / buying medium-term $DASH puts is probably the closest we'll ever get to a free lunch on Wall St. in the history of securities trading.
Er...no pun intended.
Last edited by Luca; 10-12-2020 at 05:14 PM.
Peaked at 164 and now falling back to 145. It will keep going I imagine. Who are the people buying at these prices?
It seems like a lot for something that could quite easily (and probably will) be regulated out of existence in most major cities. At least Uber makes a bit of sense for anyone stupid enough to believe the self-driving car HYPE. Taken as a whole everything has a definite whiff of swaggering eighties Japan about it, just without the amazing car legacy.
Haven't they binned off the self-driving car now?
I'm a twit
They're not even profitable. Their revenue is -14% ffs. I get that a lot of that is just because they're still growing the business, but valuing a loss making company higher than all other Hotel chains in the US combined is mental.
Mellers, I need this explaining to me. I get the initial buy in and quick sales causing the spike (Pump it and dump it Niko my son). Easy money. But how is this holding at ~140? There can't be that many Air BnB fan boys out there, surely?
Last edited by Spikey M; 10-12-2020 at 09:32 PM.
Tech bubble.
There is (and has been) too much money floating around and nowhere to put it.
I'll have it.
https://www.ig.com/uk/shares/ipos/how-to-trade-ipo
Some good info there if you're interested in IPO trading.
Story of Airbnb here- https://blog.ycombinator.com/the-airbnbs/
Airbnb price starting look pretty appealing for those who are interested. At least in the short term. Has the potential to fire though being a new stock of course. There's a lot of volume and a very good spread too. I'd like 120, but not sure I'll get it.
Long term I'm not too sure as there's fuck all data due to it being recently listed. If there's momentum I'll stay in, if not will get out pretty early for a small profit or loss.
Interesting thread here on Uber. Not sure if airbnb is similar.
Bought 12570. S/L 12200. First target 13490 and take a third. Second target = 14,490 and take another third. Third target = 16,290 and take the rest. Or once the MACD/stochastic runs out of steam on 15 min timeframe.
No promises. Based on lower timeframe data and suspicion it may have completed pullback and be ready to push forward.
Too rich for me this one.
Just clocked the Vix. S/L moved to entry. May be a storm coming
I don't think Airbnb will suffer the same fate but if home rentals get banded into hotels standard of regulation then it changes the paradigm and viability.
Uber's not far from a big sell off imo. Might even be this week.
Airbnb up 400 pips. Took a third early as the Vix has me on edge.
What ever happened to Groupon?
You talking to me Daws?
Ripple might be next target. See how it reacts to 200MA on the 4hr.
No idea - Uber just triggered a thought of Groupon and how they seemed to be built on shaky business principles.
Placed a (bad) trade on them a few months back. Not paid much attention since. They're on the blacklist.
The post-covid stimulus boost was very kind to some undeserving businesses imo.
Mellers, any chance you can give my head a wobble on why everyone doesn't hold a load of these:
https://graniteshares.com/institutio...n-uk/etps/3sbc
Currently going for about 50p a pop. Even £20 would see a hefty return next time the economy goes pop, no? And if you own the shares, you're not directly shorting the company, so no fees for doing so, right?
I must be missing something.
They turned down a multi-billion offer from Google then spent the next few years growing too fast before the wheels came off, from what I remember.
I never understand these companies. I don't care how much I believed in my business, if they wanted to pay me £100m for it I'd be on a yacht off the coast of Monaco before the ink was dry on the contract.
There's one to short Tesla that I'm massively tempted by.
You're missing something.
The cards aren't stacked in your favour with regards to spreads no matter how or where you trade. The last thing you want to be doing is generating a bigger gap than necessary, which you need to be filling before turning a profit (3x ETP/ETFs etc have bigger spreads). Also, you're obviously exposing yourself to bigger losses. Risk management. Stop losses. Position size. Tight spreads. If you're looking at this then you're maxing your account. You might have a good week, month, might even miraculously blag a year, but it doesn't matter how big your account has become, eventually you'll lose the lot in a day at those rates. If it's money you can afford to lose and you're trying to grow your account then by all means crack on. If not and you want to do this long term then take a step back and reevaluate your approach.
Just want to make sure you're not making any big mistakes
Anyway, what's your plan behind shorting Tesla at 3x you mad bastard?
Shorting in general is completely new to me. It's never been the plan (and still isn't) I just stumbled upon that and couldn't understand it. What you said makes sense though. I'll leave it.You're missing something.
The cards aren't stacked in your favour with regards to spreads no matter how or where you trade. The last thing you want to be doing is generating a bigger gap than necessary, which you need to be filling before turning a profit (3x ETP/ETFs etc have bigger spreads). Also, you're obviously exposing yourself to bigger losses. Risk management. Stop losses. Position size. Tight spreads. If you're looking at this then you're maxing your account. You might have a good week, month, might even miraculously blag a year, but it doesn't matter how big your account has become, eventually you'll lose the lot in a day at those rates. If it's money you can afford to lose and you're trying to grow your account then by all means crack on. If not and you want to do this long term then take a step back and reevaluate your approach.
Just want to make sure you're not making any big mistakes
Anyway, what's your plan behind shorting Tesla at 3x you mad bastard?
The Tesla one purely interested me because I think it's a hipster sack of shit that will implode at some point. Plus, they're $0.019 a pop. A fiver would do it. But yeah, it doesn't work like I hoped it would. I'll stick to boring dividend shares.
So last Thursday for example. The range from lows to highs was 1388. Minimum you can trade that ETP is quid a pip at a margin of £1456. You catch worst case scenario there and you have £68 left. Game over. That was a short at the wrong time four trading days ago. And it's pushed further since.
Don't get me wrong. Technically it's set for a fall, the Vix is warming up, it looks a half decent shout and I've just spent a few minutes looking into it. Daily MACD looks weak and is potentially on the turn. If the stochastic was overbought too I'd be tempted to start small and maybe build in. But Tesla has this habit of going FUCK IT and storming on to Valhalla.
Could be a good call. 50k is definitely in range. Just don't do anything at maximum death speed levels. You'll end up like Boydy making existential Saudi crisis posts in the moneyz thread.
Ripple has my attention today as it's pissing about on the 4H 200MA.
Last edited by Mellberg; 15-12-2020 at 12:40 PM.
Fuck it, I'm gonna buy £5 worth of it just as a learning experiment. Just to clarify before I do, the worst that can happen is I lose the fiver in full? There's no charges or anything they can come after me for?
I'm what?
No. You can lose more than a fiver. Do you mean £5 margin or £5 per pip? You can lose whatever is in your account. Do the maths. Which broker are you using? They should do it all for you tbf. If you provisionally make a bid offer and set a price for a stop loss it should show potential losses in good old English sterling? If not, find another broker.Fuck it, I'm gonna buy £5 worth of it just as a learning experiment. Just to clarify before I do, the worst that can happen is I lose the fiver in full? There's no charges or anything they can come after me for?
Edit: Only joking Boyd.
Welp. Fuck that then. I knew it could happen with Shorting in general, but thought this was just buying shares in a company that has shorted Tesla?
I'm using 212 but I am considering moving to IG.
Spikey, just put your money in an index fund and forget about it.
It's literally just gambling but on a stock not a football team.
If it was just gambling you wouldn't be able to lose more than your stake.
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