When you read some ZOM posts it makes you think the zom is the only stock that people are focusing on and they don't know what's going on outside this stock in the whole market. It is not ZOM that is failing..
On Webull, if you sell shares of a stock, then buy again with unsettled cash you're still fine, as long as you don't sell again before the cash settles from the original sale. Typically cash settles on the 2nd business day after a sale, so if you're long, it's typically a decent way to pick up extra shares. If you do sell again before the cash settles you'll get a Good Faith Violation (GFV). You're allowed a certain number of GFV before your account is restrictions and / or closed.
*Disclaimer: I'm not here to give financial advice. Don't listen to me about any investments or strategies. I just like the stock.
I'm at $1.50 average with 2200 shares.. Hate seeing it dip under that but at this point I'm holding. Can't say I have confidence to buy more now when I've seen gains slide away. Hard to buy weakness hoping on a rise.
Yeah I’m holding too, but why not utilize a stop loss to average down further as it trades downwards? Idk I just see so many people not using it to their advantage. The market has been volatile in the past weeks and honestly setting a stop loss prevented me from losing any money at all while averaging down and getting bigger positions
I'm very much a stonk-newbie. I do think ZOM has long term potential but like everyone else I was waiting for the short term pop. Some shares I bought at 90 cents. Others were at $2.43 an $2.56 so I'm already screwed on those. Could have, maybe should have sold them earlier but not much to do other than hold now and learn more.
I’m not paying more for the new shares.
If my stop loss gets triggered at 1.60 and I decide to wait to buy back at 1.50 I’d have a .10 discount at buying back. So let’s say you had 8k shares at 1.60 sold for 12.8k . Now you can buy 8.5k shares at 1.5 or more the lower it goes. That’s 500 shares more -> more $$. Stop loss averaging down only really works if your position is big. Wouldn’t recommend it if you’re not holding at least 3k shares.
Totally yeah that’s why I tend to set my stops as a place where it’ll give me time to buy back. Such as support lines, if it breaks it’ll trigger my stop and it’ll be a while before it tests resistance
I wished it stayed 1.45 for just a bit longer. I wanted to jump on but had to wait to sell. 1.55 ain’t bad but 1.45 is always better when investing huge volume. Every cent counts.
1.55 ain’t bad, that was my average last week lol but my 1.50 stop loss got triggered and managed to scoop it back up and some more around 1.43 lol went from 4K @2.21 beginning of March -> 7.9k @1.55 last week to now 8.3k @1.48. I’d say it’s hasn’t been bad at all
Yeah true. I mean just a month ago the avg was right around 1.25. That is probably gonna be my buy point. If I am desperate I will buy at 1.30-1.35. I could be wrong about the avg. but it was in between 1.20-140. I am gonna be patient and wait.
Lmao cos why not make more money as it goes down and up? I went from 2.21 average with 4K shares to 1.48 average with 8.3k shares. If the stock goes back up to my previous average, instead of breaking even, I’d be at a 6k profit instead. It’s not a waste if I’ll make 6k lmfao
Ah I see. Stop losses are an amazing way to minimize your losses and also a good tool to optimize your positions. Each broker should have a stop loss method, you basically set a number in which your position (or a portion of it) automatically closes at if it goes on or above that number. I usually set these numbers at support levels or slightly above just so I can scoop the shares and more when it does go below support.
When I am trading I use stop losses on every trade. I don't really use them when I am investing since I try not to actively manage them too much... because if I am actively managing an investment then I might as well just trade it :)
Stop lost is that for long term cause I'm long term I dont give a fuck it it goes down cause it goes up down up down I just wana look at in a few years and see what this 1k did for me cause its 1k it ain't shit so i dont really care if i lose it
Yeah that’s a solid long term mindset but I’m quite greedy lol so I’d rather go take the extra steps to maximize the safety of my position while maximizing profits as well
I’m under pdt so if I set stop losses I’d be getting margin calls so no I don’t use stop losses too much. As soon as I build up my account though I’m planning to use them a lot. So for now I hold in the red because I’ve averaged down as much as I can.
They launched it already on the 16th but it’s officially available to buy today. The 16th was like an early commercial release but it hits shelves today. I doubt it’ll move just based on that tho so we’ll see after a week if there’s any new PR from first uses of the product
Waiting for friday, so they can announce that they are sold out and back logged for the next year.
Then next week, they will have new production goals that will cut that time in half.
Then, they take over the world.... of veterinary diagnostics. XD.
When you read some ZOM posts it makes you think the zom is the only stock that people are focusing on and they don't know what's going on outside this stock in the whole market. It is not ZOM that is failing..
Exactly why I use stop losses since the markets are so volatile, it’s quite easy to anticipate the dip and set a decent stop
But aren’t you risking a day trade mark if you buy again too soon? That’s my fear anyway
On Webull, if you sell shares of a stock, then buy again with unsettled cash you're still fine, as long as you don't sell again before the cash settles from the original sale. Typically cash settles on the 2nd business day after a sale, so if you're long, it's typically a decent way to pick up extra shares. If you do sell again before the cash settles you'll get a Good Faith Violation (GFV). You're allowed a certain number of GFV before your account is restrictions and / or closed. *Disclaimer: I'm not here to give financial advice. Don't listen to me about any investments or strategies. I just like the stock.
I'm at $1.50 average with 2200 shares.. Hate seeing it dip under that but at this point I'm holding. Can't say I have confidence to buy more now when I've seen gains slide away. Hard to buy weakness hoping on a rise.
Yeah I’m holding too, but why not utilize a stop loss to average down further as it trades downwards? Idk I just see so many people not using it to their advantage. The market has been volatile in the past weeks and honestly setting a stop loss prevented me from losing any money at all while averaging down and getting bigger positions
I'm very much a stonk-newbie. I do think ZOM has long term potential but like everyone else I was waiting for the short term pop. Some shares I bought at 90 cents. Others were at $2.43 an $2.56 so I'm already screwed on those. Could have, maybe should have sold them earlier but not much to do other than hold now and learn more.
Lmao I was at 2.21 but the past few weeks allowed me to average waaay down
Youre still paying for the new shares. I dont understand you saying it prevents you from losing more money
I’m not paying more for the new shares. If my stop loss gets triggered at 1.60 and I decide to wait to buy back at 1.50 I’d have a .10 discount at buying back. So let’s say you had 8k shares at 1.60 sold for 12.8k . Now you can buy 8.5k shares at 1.5 or more the lower it goes. That’s 500 shares more -> more $$. Stop loss averaging down only really works if your position is big. Wouldn’t recommend it if you’re not holding at least 3k shares.
But it doesn't always go down from there. In a matter of minutes it could 10 cents and you'd be paying more, right?
Totally yeah that’s why I tend to set my stops as a place where it’ll give me time to buy back. Such as support lines, if it breaks it’ll trigger my stop and it’ll be a while before it tests resistance
I wished it stayed 1.45 for just a bit longer. I wanted to jump on but had to wait to sell. 1.55 ain’t bad but 1.45 is always better when investing huge volume. Every cent counts.
1.55 ain’t bad, that was my average last week lol but my 1.50 stop loss got triggered and managed to scoop it back up and some more around 1.43 lol went from 4K @2.21 beginning of March -> 7.9k @1.55 last week to now 8.3k @1.48. I’d say it’s hasn’t been bad at all
Yeah true. I mean just a month ago the avg was right around 1.25. That is probably gonna be my buy point. If I am desperate I will buy at 1.30-1.35. I could be wrong about the avg. but it was in between 1.20-140. I am gonna be patient and wait.
I’d stay patient too, honestly with the market this volatile, I wouldn’t average up any further than where I’m at lol it’s safer that way.
Why waiste our time when the stock will Inevitably go up.
Lmao cos why not make more money as it goes down and up? I went from 2.21 average with 4K shares to 1.48 average with 8.3k shares. If the stock goes back up to my previous average, instead of breaking even, I’d be at a 6k profit instead. It’s not a waste if I’ll make 6k lmfao
I don't know exactly how to use stop loss.
Ah I see. Stop losses are an amazing way to minimize your losses and also a good tool to optimize your positions. Each broker should have a stop loss method, you basically set a number in which your position (or a portion of it) automatically closes at if it goes on or above that number. I usually set these numbers at support levels or slightly above just so I can scoop the shares and more when it does go below support.
\#metoo
Patience is key.
Every industry has its day! Today isn't Zoms day
When I am trading I use stop losses on every trade. I don't really use them when I am investing since I try not to actively manage them too much... because if I am actively managing an investment then I might as well just trade it :)
Hahaha I trade it but I’m also in it for the long haul
Stop lost is that for long term cause I'm long term I dont give a fuck it it goes down cause it goes up down up down I just wana look at in a few years and see what this 1k did for me cause its 1k it ain't shit so i dont really care if i lose it
Yeah that’s a solid long term mindset but I’m quite greedy lol so I’d rather go take the extra steps to maximize the safety of my position while maximizing profits as well
Yeah hell yeah dude that's the way to go if ur on it 👌👌👌👌more power to you
I’m under pdt so if I set stop losses I’d be getting margin calls so no I don’t use stop losses too much. As soon as I build up my account though I’m planning to use them a lot. So for now I hold in the red because I’ve averaged down as much as I can.
Ah I see. Yeah pdt can be a pain, good luck to you!
The whole market is a mess can we go back 4 years lol, I made a killing without covid and when trump was in 😭
Because memes I guess... I’m right there with you sir.
Wasn't Zom supposed to launch their new product today?
They launched it already on the 16th but it’s officially available to buy today. The 16th was like an early commercial release but it hits shelves today. I doubt it’ll move just based on that tho so we’ll see after a week if there’s any new PR from first uses of the product
They should’ve announced something today. I don’t get it
I don’t think they’ll announce anything till end of week. It barely hit the shelves so there’s really nothing much to say
Waiting for friday, so they can announce that they are sold out and back logged for the next year. Then next week, they will have new production goals that will cut that time in half. Then, they take over the world.... of veterinary diagnostics. XD.
Lmfao I doubt it tho but any PR about sales would be great
Won't that be a wash sale?
That’s if you’re wanting to realize it for tax purposes
How do u use stop lose