Advice

As the title says I'm into crypto pretty deep. I was in crypto briefly in 2013, but only really hit the ground running in 2017 and never looked back. In 2017 I made all the usual mistakes, got into the wrong coins, entered some dodgy exchanges and sold the wrong coins (like selling Enjin on its first day after investing in the ICO). In 2018 things got worse, with shitcoins driving the BTC value of my holdings down by half.

Now I'm sitting really pretty and feel like I have "clicked" to the point where I am generally making money in crypto and quite a few people ask me for advice on what to do, strategies etc. Here are some of my tips, observations and ideas.

1. Don't trust anyone. Assume everybody you are talking to is a friendly thief who wants your money. That includes people shilling particular coins, or anyone asking for your crypto to invest, to random people that message you. (And yes ironically this means don't trust me, but you'll see I didn't mention my altcoin holdings and I am deliberately staying quiet on what my 800% defi pool is :) )
2. Every position you enter should be a fixed percentage of your portfolio. I prefer 1% for a typical trade. Risky uniswap gems might be 0.5%, very strong longer term positions say 2-5%.
3. Have your portfolio value in BTC (or ETH if you prefer that). Your goal is to increase your BTC value. Each trade should be from BTC, and then exit back out of BTC. Log all transactions in blockfolio etc under the BTC pair, so you can see how much BTC value you are gaining. Don't worry as much about USD gains, as in a bull market its easy to make USD value gains. BTC is the end-game here so you want to accumulate BTC, especially if BTC dominance is falling.
4. Have a portion of your portfolio allocated to farming or staking. If you have a coin sitting somewhere for ages, ask if there is some way for you to make money from it. For example, I have a large stack of BTC and ETH, so rather than have it sitting doing nothing, I wrapped the BTC and entered a Sushi Farm. Months later the rewards from that farm are worth something like 25% of the amount I initially invested. Every so often, harvest the rewards and either re-farm (compounding) or shift to your long term hold. Remember compound interest. There are opportunities for very high returns (without ponzi aspects but be careful) - find those, constantly take and re-invest the income and the gains are quite extreme.
5. Have a dedicated stack of BTC or ETH t

Let’s ride this rocketship to Andromeda! 📈

My wife and I moved into our brand new home (literally brand new construction) at the end of February. Power company sent us our first bill (end of February through March) and it was almost $600! We both work long hours so we’re not home that often, don’t leave lights or appliances running, keep the heat low, and basically do everything we were taught to keep the bills low. Also our house is single level and not that large (about 1300 square feet). I have no idea how this is possible, the bill says we have used just over 3000 kWh in a month which also doesn’t make any sense. I’m planning on calling my power company tomorrow and trying to get some answer but any insight anyone has is appreciated.

Update: we live on the Eastern Shore of Maryland (Salisbury Area)temps this time of year are usually 50s-low 70s. we have smart meter, electric heat, I have looked over our bill and do not see any extra fees or charges (transfer fee or deposit or anything like that) and I have tracked our energy use by the day and hour and saw that we have regular huge energy spikes (almost 10KwH) over night from 10pm-5am ish.

update 2.0: talked with power co, turns out our heat pump is most likely switch over to auxiliary/emergency over night when the temp dropped below freezing. This does Explains the high spikes over night. Reached out to builder to get HVAC and electric guys out to look over everything.

Thanks for all the advice everyone. Didnt expect this post to blow up or to get to talk to so many awesome folks.

There is a lot of wonderful DD out on this subreddit, and a lot of wonderful apes that have realised that if the apes hold, they moon. It doesn't matter whether or not the price is dropping. However, it is a huge bunch of technical and advanced theories that is required to understand why the MOASS is very likely to happen even though (or because) the price is dropping.

In this post I have tried to create an easy explanation of why this stock can take off so that everyone can get on board with reading the more technical DD.

Nothing I write in this post is financial advice. Don't use it to decide whether or not to invest.

Now to the explanation:

SHORTING

Lets say Gamestop issued 100 shares on the open market. This means that there are only 100 shares availiable in total.

An institution called The Institution buys all 100 shares.

Now a hedgefund called Shitadel think that gamestop stock price is dropping because of COVID-19. Therefore they borrow theese shares from the institution. They have to pay a fee every month to keep holding on to this share so the institution agrees to the deal. They also have an expiry date where they have to buy and deliver the share back to the lender (The Institution).

Now Shitadel sells the 100 shares in the open market. They sell it for 10$ a share.

Shitadels plan is to wait until the price drops so that they can buy the share back at a lower price. Lets say 1$. Now if they succed they sold it for 10$ and bought it back at 1$ before they delivered the share back to its lender The Institution.

If this is the case then Shitadel won 9$ for every share they bought.

This process is called shorting a stock.

SUPPLY AND DEMAND

Now lets talk about the most basic economic theory on why prices increase and drop.

Lets say you live in Norway. There is a lot of fresh water where ever you go. This means the supply is high.

You have 10 bottles of water that you want to sell. The market is the 100 people living nearby. So you walk door to door asking if they want to buy a bottle of water. The answer is NO. Nobody needs to buy water, they can simply get water from the spring for free. This means that the demand is low compared to the supply. Everyone can have 100 tonns of water for free, so why pay for a bottle of water? It makes no sense.

Therefore you move to the Sahara desert. You bring your 10 bottles of water and the new market is the 100 people living nearby. Now in the Sahara desert the

Can you sense it? Can you Feel that electricity in the air; smell that blood in the water; hear those 🚀 rocket engines 🚀 rumbling? I know I can.

Don't succumb to a prisoner's dilemma because it's falling from 1K, 10K, even 100K and you want to multiply your stake once its settled. That's the whole point of the fake short squeeze. They know they can't actually fool anyone into thinking the squeeze has truly squoze, but they can try and bait apes into selling to increase their stake, creating an opening to floor the price and close their positions.

If you need a selfish reason - which I know you don't because we're all true, committed apes here - you'll have to pay tax on those gains. Then, if it doesn't murder the MOASS in the crib, you'll have to pay tax on gains from that too.

Don't think "oh well if everyone holds it won't matter if I sell and buy back". If everyone does that we're fucked and the shorts win. Don't be cute, don't screw other apes trying to be greedy, DON'T paperhand thinking that you're being a clever daytrader.

Just clench your diamond fucking hands no matter what. 💎🙌 So long as we hold, we literally set the price.

Apes. Together. Strong. 🦍🦍🦍🦍🦍

This is not financial advice, I just like the stock.

There's such a disconnect in the way that people perceive ADHD as opposed to how it actually functions. I always feel like ADHD is somehow framed as a choice, as if I could, given the right circumstances outwit ADHD.

I think a lot of people conceptualize ADHD in this very casual, broad way. It would seem that the same people who say they're "OCD" because they have a propensity for neatness also create this blanket for ADHD as being this benign condition that can be opted into and out of depending on the day. When in reality, it's always the background structure of my brain and thinking.

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Just in case anyone feels overwhelmed or confused, here is some advice we have received on our new baby from doctors, nurses, and midwives so far:

1. He’s very jaundiced and it’s concerning and he’s very underweight.
2. His jaundice and weight are actually fine.
3. His jaundice is fine, his weight isn’t good.
4. We need to supplement breastfeeding with formula.
5. We need to stop feeding him formula.
6. Wake him up to feed him.
7. Don’t wake him up to feed him.
8. Literally everything we are doing with respect to breastfeeding is wrong.
9. Focus on our well-being.
10. Don’t focus on our well-being, we have a baby to care for.

Hope this useful advice helps!

As more of an introverted person it took me awhile to accept that dating does involve a degree of socializing. I have a lot of guy friends and it truly appears that they all love to date for this one reason: they view dating as meeting new people and get genuine enjoyment from that alone. I actually think this is the best mind set to have . I observed one guy friend go on numerous dates (and get a ton of rejections) but his attitude was always this: eh, it didn't work out but I met someone new and got to go eat at a new restaurant! He just kept having this positive attitude and tried to not have an end-goal set for all of his dates which I think served him very well. He told me that he was looking for a long term gf but the lack of attachment to the process of dating made it easier for him to let people go and even find something funny about all of the bad dates. I also noticed something else my guy friends did a lot: they talked about their dates and made it a point to tell people they were dating. Even though they weren't exclusively dating one person they still let people know they were actively looking/open to dates with people and just talking about their dates helped them not feel like they were stuck in a "I'm perpetually," single identity. So: talk about the dates you go on with people. Don't brag about them or trash talk your dates, but just make it known and be proud you're dating. I could also genuinely see their social skills improve from dating even if a gf didn't come from any of them.

Edit: if you are introverted and sensitive (like me) you still might not enjoy the dating process (I've found that dating is especially not kind to sensitive people), but it's just an interesting way to look at the process and I admire my guy friends for treating it like this. Even though I may never fully enjoy meeting new people, I'd like to keep the mindset of not getting too attached to an outcome when I meet someone I may happen to like. This also depends on how many people you find attractive because my guy friends seemingly asked out everyone they knew and I'm not attracted to that many people.

Edit: I am a girl. Just admiring my guy friends.

U/Luridess

*NOT FINANCIAL OR LEGAL ADVICE. THIS IS JUST HOW I, AS A FELLOW APE WITH A LAW DEGREE FROM APE UNIVERSITY WHO ALSO READS SEC FILINGS FOR A LIVING, UNDERSTANDS THE INFORMATION IN GAMESTOP'S SEC FILING. THIS IS FOR INFORMATIONAL PURPOSES ONLY. IN SHORT, I LIKE THE STOCK. 💎👐 🚀🚀🚀

EDITS:

1. edited chart for clarity. Blank boxes are intentional
2. Added info from fellow apes, added TLDR summary at the top
3. Some comments that the first letter of some sentences are missing. I can see the first letters on my laptop & my phone so don't know what's happening
4. Some of you are asking stonk questions &possible stonk conclusions. I can't answer those because I don't know much about the stock market.
5. Added to TLDR
6. added user comments & removed replicated risk factors in chart
7. u/The_Law_of_Pizza thinks I'm a troll/shill and this is a fake account because they don't agree with my wording & I left out "subsequent events". YES, it's true that certain events that happen post-fiscal year end must be reported, like a change in accounting principles or a discontinued operation. I didn't include that & other nuances in my post because it's NOT relevant to this SEC Filing. I asked u/The_Law_of_Pizza, who is apparently a Securities Lawyer, whether or not they can provide some definitive proof that reference to a post-financial year end short squeeze that may or may not happen is considered a "subsequent event" in accordance with SEC rules and regulations. If that is the case, then I will of course update/correct my post. But I personally haven't found any legal authority that says commenting on a potential short squeeze that hasn't happened yet, and may or may not happen, is a "subsequent event".
8. added user comments to chart
9. Updated TLDR summary on why GME overdisclosed
10. 🦍s I am legit overwhelmed by your support & love. 🙏 for the awards but save your 🍌for stonks. Y'all are making me emotional. Who's cutting onions in here? Stop it! I'll respond to all your comments now,🙏
11. Added picture at the top

_______________

TLDR APE SUMMARY 🦍🦍🦍:

• SEC filings are legally binding documents and the information within can be used

Shout out to one of our incredible GME Apes for this incredible DD - possibly6 made this.....

https://www.reddit.com/r/GME/comments/mdaiyb/gme_intraday_price_action_recap_and_price_levels/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

First Edit: The Dark Pool supports my findings and theory. Shout out to Josh @Joshuajammes and Trey Trades. Check out his mind blowing video. Link below. I like links and I like the stock.

https://youtu.be/ItR0k_jk2cI

Second Edit: Shout out to fellow ape Rat_toy who shared this tweet with me.

https://twitter.com/jaggeddeath/status/1374529763516186625

Third Edit: Credit here goes to Voodooman65 for the schwab.

https://www.reddit.com/r/amcstock/comments/mcfwdt/amc_schwab_research_after_market_close_3242021/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Fourth Edit: Robinhood and certain other brokers are canceling our limit sell orders daily. Be sure to check that your limit sell orders are still placed.

Official Start to DD here...........

I’m not going to add pictures or graphs for you beautiful smooth brained apes. I know you want to see crayon drawings like Trey’s incredible 5 star portraits and big freaking numbers like $1,000,000 + $2,000,000 = Not a Billion so I'm still not freaking selling! But I like links. I want to know sources and if those sources are even credible so that’s what you’ll get! I love you all, but baby brained apes got to grow up sometime and links are far better so you can all see exactly where I acquired my information. Transparent sources for the transparent minded by a transparent brain = crisco fried chicken.

Now, I work at fairly powerful law firm so I’m going to start us off by sizing up one of our so called “competitors”, Melvin bitch ass capital or as we at our firm refer to them, the Tafts stuck in a bathtub.

(Somebody call 911) - The 9 Lawsuits From 11 Different Companies.

Form ADV - Filed 3/8/2021

​

• Hach Rose Schirripa & Cheverie LLP - Filed with the United States District Court Eastern District of New York; NY, NY; CASE 1:21-CV-00677 - On February 8th, 2021 for Violations of the Sherman Act, Donnelly Act, and New York Deceptive Trade Practices Act.
• This complaint alleges that Tafts stuck in a bathtub along with other market participants (I think we can guess who), conspired to limit trading of certain securities, which resulted in monetary damages to the plaintiffs. Tafts

Hello!

I’m a 26F, currently making $55,000 and will most likely make 60k by end of the year. I’ve been living with my parents since the pandemic and have 25k in savings, $0 in debt, and about 15k in my 401k.

I just signed a lease to a new place and am planning on moving back to chicago next month.

My dad thinks I’m making a big mistake because he argues I should be spending the next 6 months (at least) saving more and staying at home because I’ll never have this opportunity again.

At first I was chalking up his arguments to him just wanting me to stay here forever but now I’m getting cold feet. My financial literacy is admittedly bad and I have no firm understanding on what’s considered “good” savings for someone in my situation.

I originally decided to make the move because I was feeling stuck staying at home with my parents—even though I love them. I just miss my old life in Chicago and feel like I am definitely leading with my heart and not my head on this one.

Do you think my dad is right? Am I making a stupid decision that I’ll probably regret when I’m older?

**Edit: thanks for all the awesome advice! Since the lease is already signed, I guess the horse is already out of the barn. I’ll just have to make sure I’ve got a solid budget set up before moving!

Also, just wanted to clarify that I have lived on my own for most of my 20s and only moved back in with my parents last May when the pandemic hit. So I’ve been living back at home for a year now!**

A lot of people (including my parents and me) suffered after 2008. We often hear ppl losing everything and getting set far back in lives. What we DON'T often hear, are people who loaded up in 2008. Regular average people. Those with small savings. Be it stocks or the housing market (which experienced a trailing small crash 2 years after). Those folks got literally everything on a massive discount.

Think about it from that angle. If I have SOME money saved up now and it were 2008 again, I would be fkin ecstatic. Because after 4-5 years I would gain 1000% easily. And that's not even going into real estate.

Also, recent example of last March will confirm my point. I made huge gains from it. I only bought Costco, Etsy and HomeDepot. No technical analysis. No charts. No graphs. Nothing. They were on sale and I assume people will be using them during the pandemic. Average intelligent move. There was no depth to it.

And even if you don't maximize your portfolio, literally buying any stocks on the dip will make you money in the long run. You can be dense and still make money.

So chill tf out. The dip IS AN OPPORTUNITY. It's a fking GIFT.

We're all familiar with "buy the dip". Well, here's the same principles with a minor tweak "buy the (big) dip".

There are 3 things for certain: death, tax and the stock market going up in the long run

EDIT: Based on some of the replies I have to clarify. I am by no mean saying "THIS IS THE CRASH!" or "DON'T INVEST. ONLY DO SO WHEN THERE'S A CRASH!". I'm merely saying how you should REACT TO/FEEL ABOUT these events. View them as opportunities rather than disasters.

Update: We made it to #11 on r/frontpage - think about that, what you apes did 👀🤔💎✊. But no good deed goes unpunished: The bots, shills and haters are now, predictably, descending into the comments; I just got permanently banned from sellout r/WSB - can’t imagine why ... who cares 🤷; and, to the person who reported me to Reddit Crisis Management, thanks no thanks. 🤜🤛🤣

Be strong apes. The hate is real. But what gives me resolve is that for every ape here - who has raised their hand, from ALL over the world - there are countless more apes silently HODLing strong. 🦍💎✊

🚨Remember, invest at your level. Don’t invest more than you can afford to lose. Not financial advice: just common sense.

💎✊

Dear Everyone,

Here’s some of the best dating advice you’ll ever receive (if for some bizarre reason you’re not already doing it). Brush your teeth before a date. Not a few hours before, not the morning of... Brush them right before you leave the house to meet someone. If you can’t go home to brush your teeth, find someplace to rinse your mouth with water, mouthwash, maybe even floss - just the best you can with what you’ve got.

A bit tired of going on dates where it’s unpleasant to be a few feet apart from them, (let alone wanting to kiss them), giving some cute/great guys the impression I’m cold and uninterested, when in reality I’m just not interested in their breath.

1. Leash max to 1:38, i mostly leash like 5 autos , 1:36-37 im moving to lane, most of the meta junglers have fast clear anyway. Too many supports stay even longer to help the jungler make the entire buff and the enemy botlane can easly take prio.
2. If ure not sure if enemy bot can cheese lvl 1 fight just dont walk through tribush especially alone.
3. If we walk to lane dont stay mindlessly behind adc, try to take control of the bush and take short trades with enemy support, cant count how many times im just beign shit on level 1 by enemy ad and supp meanwhile my supp just hides behind me.( yes u lulu players )
4. Respect level 2 powerspike. Too many times i know enemies will hit lvl 2 before us so i just back up and support just stays missplaced not knowing they will get lvl 2
5. Analyze the matchup in your head, examples : can we get killed level 2? Can we kill them level 2? Where the junglers starts? They have ignite we have exhaust can we fight?

Unfortunately one of our douchebag departmental directors raised enough of a stink to spur management to make this change. Starts at 5:30 in the morning and couldn't get into one of his share drives. I live about 30 minutes away from the office so I generally don't check my work phone until 7:30 and saw that he had called me six times it had sent three emails. I got him up and running but unfortunately the damage was done. That was 3 days ago and the news just came down this morning. Management wants us to draft a plan as to how we would like to handle the 24/7 support. They want to know how users can reach us, how support requests are going to be handled such as turnaround times and priorities, and what our compensation should look like.

Here's what I'm thinking. We have RingCentral so we set up a dedicated RingCentral number for after hours support and forward it to the on call person for that week. I'm thinking maybe 1 hour turnaround time for after hours support. As for compensation, I'm thinking an extra $40 a day plus whatever our hourly rate would come out too for time works on a ticket, with $50 a day on the weekends. Any insight would be appreciated.

I'm just tired of seeing this parroted around like it's advice, it's not advice it's said to make people feel better about their current situation. I notice it's mostly said by women because their current partner just happened to waltz into their lives. I think most of us on here can agree that just sitting around doing nothing is bad advice, and only works for women. How many men do you know that have a story, "And she just walked up to me at the bar and introduced herself and the rest is history!" I'm not denying that it doesn't happen, it just is so rare that you shouldn't plan for it.

Edit: Didn't realize this would be so popular, was just venting after some stuff with friends and my parents lol It's not just bad for men, it's also bad for women. Women can be proactive in dating as well.

Edit: ok I’m not talking about every new account, just the suspicious ones that only ever comment telling people it’s over they should sell. If you’re new and supportive we still love you 🤗

We have a reputation system. Reply !thanks to someone who has helped you and this rewards them with a point, shown next to their username.

This thread is for:

• RMT (rate my team)
• X vs Y
• Advice
• Quick Questions

If any of the above are posted outside this thread it will be removed. Before posting, use the search function to check if your question has been answered already.

For advice with your team, please include a screenshot with your team & ask your specific question or concerns if any.

Please upvote the users who are helping and be respectful during the discussion.

Please try to contribute too by helping others when possible.

____

To view real time comments in this thread click here.

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