Are you looking to learn more about trading (short term flips for income) or investing (long term parking to build your savings at a faster rate or for retirement)?
Anyone investing heavily this year??
- Thread starter rph2005
- Start date
Are you looking to learn more about trading (short term flips for income) or investing (long term parking to build your savings at a faster rate or for retirement)?
Definitely trading
I'll let some of the pros chime in (I'm def still a low-scale trader myself). There is way less of a standard tutorial when it comes to trading, but you'll probably want to start with the lingo and just follow this thread and learn from some of the shared experiences before diving in.
Paper trading for a while will def. save you some headaches down the road. Learning the ends and outs of the platform you use is very important too. If you are not doing long or swing trades, quick reaction times will save you money (gains & losses).
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RRSP portfolio continues to rebound. Up just under $2500 this past month. 90% medium risk / 10% high risk.
I had a feeling CVAC would sell off at 7am. Lets see where it settles.
Word of caution. If you miss the news entry, try to wait until 8:30 - 8:45 time frame before you buy. Unless it hits a support line and bounces. Premarket is full of profit takers and stocks fall from their high and usually setting b/w those time periods.
Word of caution. If you miss the news entry, try to wait until 8:30 - 8:45 time frame before you buy. Unless it hits a support line and bounces. Premarket is full of profit takers and stocks fall from their high and usually setting b/w those time periods.
$SQ will run with this. They are positively correlated.
This week is back to paper trading and mainly experimenting for me.
For example bought 10 shares of DEO that bought Avin Gin (Ryan Reynolds Company). Bought it strictly off his name and reputation without doing any research. Result....Losing my ass before turing in a $1.84 profit!
Riding $WMT until earnings tomorrow.
$NIO running off of China stimulus news.
Tesla up big too so a sympathy play as well.
most of the bottom gif is OLD money though. Total difference between income and wealth which is why we have to work extra hard to catch up from hundreds of years of oppression and still be able to navigate around their traps. Being a self-made millionaire, so-called black person in one generation is extremely difficult to do and don’t let anyone tell you otherwise.I think it is because people don’t understand what a stock split is.
$RIOT dropped news saying they bought more mining machines.
BTC will be a legit currency in the future once this greenback becomes a commemorative item.
Pelosi is also pushing for digital currency too.
They already are getting rid of the coins to preserve the metal used to make it.
Warren Buffet also went BIG on a gold miner as well. We are living in transcendent times.
BTC will be a legit currency in the future once this greenback becomes a commemorative item.
Pelosi is also pushing for digital currency too.
They already are getting rid of the coins to preserve the metal used to make it.
Warren Buffet also went BIG on a gold miner as well. We are living in transcendent times.
$JD announced earnings and went +7%
I saw a lot of RH talk about it today.
$WMT had a great run also.
Moved into September / October FDA approval plays. Seems like that’s where I have done best. Hopped into AQST, SPPI and FBIO. FBIO went left so will need to jump back in again at a later date. Also looking to get back into LPCN on next dip. Jumped out too early on this last run.
What is CRL?
Good question, this stock is in my budget and looks like it has potential growth
CRL is a Complete Response Letter, basically a rejection letter from FDA. Will generally cause the stock to tank especially if they only had one major drug waiting on approval.
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That dip by $WMT made me hesitate.
$JD shot out the gate and hit $71.36
Made the $71 C 21 AUG...super quick $100 profit.
You don’t trade a stock like $WMT so the dip isn’t that big a deal IMO. You buy and hold that for a while.
You don’t trade a stock like $WMT so the dip isn’t that big a deal IMO. You buy and hold that for a while.
At this point I'm a PDT (greed). I've been hitting like Mookie Betts with my day trades during earnings. $IGC is my only bag that I'm holding. My goal is to build this account up and then take 50% to build a dividend account.
Fucked up with my call option for CHU. I got the dates mixed up and thought earnings were reported yesterday and sold too early when I didn't hear any news. But earning were today and they did well, now the shits up 19% and the contract has basically tripled
...I bought another option shortly after this ($7 Sept 20 Call) out of anger and it paid off. $CHU up 10% and hit 8.33 today. Currently at 8.23.
TEVA selling off badly.
www.reuters.com
U.S. sues Teva over alleged kickbacks for multiple sclerosis drug
The U.S. government sued Teva Pharmaceutical Industries Ltd <TEVA.TA> on Tuesday, accusing the drugmaker of causing the submission of false claims to Medicare by using kickbacks to boost sales of its multiple sclerosis drug Copaxone.
www.reuters.com
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