Did you cash in on the Donald Trump Bounce today?
By The Horse
@TheHorse (217610)
Walnut Creek, California
August 27, 2024 3:16pm CST
I am not a "stock jockey," and do not do "day trading." But I did buy some risky stocks around 2000, and made some cash. About $1000. Most of which I subsequently lost investing in another risky stock. Heh. Live and learn.
These days, most of my extra money (speaker restoration money; music gig money) goes into "fixed income" funds that yield about five percent. Less than that if the Fed reduces interest rates in the coming months.
But today I checked Donald Trump's stock (DJT). It has been a proxy for how his campaign is going over the past few months since it went "public." Between something like 1:50 PM and 2:10 PM this afternoon there was a rise of about 20 cents in the stock price. If you bought a million shares at 1:50 PM and sold at 2:10 PM, you could have made literally $200,000. Correct me if my math is wonky. I am an older man.
But I am not a savvy enough investor to know when to "get in" and "get out." So I just watch and try to learn.
Do you know anyone who has bought Donald Trump's stock? If I can, I'll provide a link, so you can see its progress over the past few months.
I have no idea what will show up, but this is supposed to be a chart of DJT over the past month.
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9 people like this
9 responses
@RasmaSandra (79209)
• Daytona Beach, Florida
27 Aug
Nope, I'm definitely not into buying stocks,
4 people like this
@porwest (89046)
• United States
30 Aug
@TheHorse This is a misnomer. "All-time-high" and "performance under term" are two ENTIRELY different things. Trump's stock market during his term gained 56%. Biden's so far is around 30%. The stock market reaches new all time highs constantly, so it is not an indication of performance under term. It's simply a reflection of the fact that the stock market is at the highest level it has ever been, which most of the time, is a constant, not an anomaly.
For fun, imagine if the stock market went up by 1 single point every single day in a year. It's only up 365 points overall (assuming trading happened every single day which it doesn't, but it is easier math.) Biden could say, "We have reached record highs 365 times this year." It DOES NOT mean the stock market did good.
Is the stock market doing well right now? YES. Does it mean Biden's market is better than Trump's? NO. Biden's markets have UNDERPERFORMED compared to Trump's and THAT'S what we need to know. New record highs mean nothing in the grander scheme of things.
1 person likes this
@crossbones27 (49287)
• Mojave, California
27 Aug
I did not and I will never, seems to rigged for me. I pretty sure he is getting elected again. MSNBC had a guy on saying so what if he gets elected this is how you stay safe. I was like this is BS and and screw this world and will never live like that. You all feel free if thats the way you want to live. 
3 people like this
@crossbones27 (49287)
• Mojave, California
28 Aug
@TheHorse I hope he does not but Morning Joe has a British reporter, she seems to think he will. I was like why you even showing it and then American Reporter who actual challenged Trump one time said you make a good point. No he does not and even if he did you do not elect someone on one good point. Its scary when people can't even defend what America has always been.
We had a civil war I never heard Abraham Lincoln go they have point there. Many wrongs do not make a right.
2 people like this
@TheHorse (217610)
• Walnut Creek, California
28 Aug
@crossbones27 Not sure exactly what you're saying.
1 person likes this
@TheHorse (217610)
• Walnut Creek, California
28 Aug
I admit to being curious as to where the stock will be when Trump can cash out. Could Russia, N. Korea, Saudi Arabia, Iran, Egypt, and Elon Musk buy a bunch of shares the day before Trump can cash out? I am kind of kidding, but you never know.
2 people like this
@xander6464 (43724)
• Wapello, Iowa
28 Aug
A lot of day traders die before they're 30. I'd imagine that Trump investors have shorter lives.
1 person likes this
@2ndchances24 (8535)
• Cloverdale, Indiana
28 Aug
I'm not 1 that takes chances & lose what $ I have to live on, I don't get extra
on the side cash like you do so I'm glad it went well for you this time.
1 person likes this
@TheHorse (217610)
• Walnut Creek, California
28 Aug
@2ndchances24 Nah. I'm having fun. Remember that I'm living my dream right new, learning new piano music, teaching piano, guitar and bass (I even have a vocal student right now), and playing in several bands. But I don't want to live to far beyond 90. My back already hurts! 
1 person likes this
@2ndchances24 (8535)
• Cloverdale, Indiana
28 Aug
@TheHorse which are 2 of the most worse things you can do for your health
but I guess your done living a good life & ready to call it life.
1 person likes this
@LindaOHio (176077)
• United States
28 Aug
I wouldn't invest one penny in his stock. Have a good day.
1 person likes this
@porwest (89046)
• United States
30 Aug
Plays like this are just never my game. I stick to solid companies I know for sure have strong futures. This would not be one such stock IMO. Of course I could be wrong. But at the same time, it is not unusual for me to SOMETIMES play a stock, even if it is rare. For that I use charts which give me certain indicators of when to enter and exit a position, and usually I have a set goal in mind. I always will put in a stop loss order as well in case I get it wrong.
