I would not touch the stocks of Airlines (Buffet sold all of his shares and lost a bundle) and Cruise Ships. Not for a while, long while.
Right now is the time to buy cruise lines. I have some CCL. Slowly accumulate at these levels and average in.
I think we are in the middle of the storm and CCL already plans limited runs later this year.
But there are still many challenges ahead from a Congressional investigation of cruise lines to class action lawsuits, getting staff to work the ships and most of all - a return of the virus.
So nothing is guaranteed, but I think one or two years from now they will retake all time highs like CCL $50.
Congrats! Win is a win no matter how small. But paper trading is nothing like real trading. Especially when large real $ are involved.Did my first actual trades today. Only investing I've done so far in life is through retirement vehicles. Did some intraday trading on NHCL at very low stock quantities to get my feet wet with live trading (I've done some weeks of paper trading since lockdown). Snagged myself $3.45 testing the waters (pun intended). I call that success!
Just had to "break the ice" and get comfortable with the idea. Back to paper trading until I'm tempted again.
Right now is the time to buy cruise lines. I have some CCL. Slowly accumulate at these levels and average in.
I think we are in the middle of the storm and CCL already plans limited runs later this year.
But there are still many challenges ahead from a Congressional investigation of cruise lines to class action lawsuits, getting staff to work the ships and most of all - a return of the virus.
So nothing is guaranteed, but I think one or two years from now they will retake all time highs like CCL $50.
Oh yeah for sure. I was nervous just clicking the order action when it was real money even though it was pennies at the end of the day. But, gettin the feet wet is the first part. I look forward to the next couple years to really learn the ins and outs. I plan on paper trading for another ~2mos for now for primary activity.Congrats! Win is a win no matter how small. But paper trading is nothing like real trading. Especially when large real $ are involved.
Oh yeah for sure. I was nervous just clicking the order action when it was real money even though it was pennies at the end of the day. But, gettin the feet wet is the first part. I look forward to the next couple years to really learn the ins and outs. I plan on paper trading for another ~2mos for now for primary activity.
IMO, people need to fly (necessity) more than cruise (luxury, nice to have). Norwegian Cruise Line is saying it could file bankruptcy -
Norwegian Cruise Line sees 'substantial doubt' about its future, warns of possible bankruptcy as it seeks to raise $2 billion
"These factors have raised substantial doubt about the Company's ability to continue as a going concern," the company said.www.cnbc.com
Wait till you make $75k profit in 2 days -> Excess PartyingIf you're anything like most of us your life is about to change forever.
Wait till you score your first $1000 trade. See how you feel then.
play the currency market?My only bond allocation is $BND. Anything else I can buy alongside that to make it more interesting?
Right now is the time to buy cruise lines. I have some CCL. Slowly accumulate at these levels and average in.
I think we are in the middle of the storm and CCL already plans limited runs later this year.
But there are still many challenges ahead from a Congressional investigation of cruise lines to class action lawsuits, getting staff to work the ships and most of all - a return of the virus.
So nothing is guaranteed, but I think one or two years from now they will retake all time highs like CCL $50.
Thats what thought the last 4 weeks and it appears the market is unphased by 4 million new jobless claims a week.
well, since sqqq hasnt hit my 11 price yet, i hope the market goes up tomorrow.Thats what thought the last 4 weeks and it appears the market is unphased by 4 million new jobless claims a week.
what i do is set a 10% loss limit.Would you average down GE?
My shares are at a cost basis of $12 right now. That doesn't seem achievable for quite a while. If I buy an equal amount at the current price of $6 that brings my basis down to $9 and would allow me to sell some reasonable calls even if they're pretty far out.
But on the other hand I have to expose more $ to GE that way. I'm torn on what to do. Buying more shares of GE wouldn't put me in margin.
what i do is set a 10% loss limit.
if i get stopped out, buy back when it drops another 10%.
rinse/repeat.
downside: it might never go down another 10% and you wont recover any losses.
thats the boat im in with sqqq
My issue is that GE at $12 is dead money. There's no market for GE options at $12. It'll just be sitting there indefinitely hoping for the market rebound over the next few years.
GE @ $9 has more possibilities.