Thank you Sir.. I hadn't realized you could do that but I just went ahead and did the same
Anyone investing heavily this year??
- Thread starter rph2005
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Thank you Sir.. I hadn't realized you could do that but I just went ahead and did the same
I'm a humble man with a hunnid dollars and a dream. Should I try to jump into this stock thing now or wait until I have a bit more money to gamble?
Gimme $20 and I'll tell you all you need to know bruh
Depends on what your goals are (long term and/ or tryna get that lotto ticket, as someone put it).
They say "time in the market beats timing the market..", meaning long term investing in low cost funds or investing in good companies over time via dollar cost averaging is the best solution for the average investor (vs day trading/ penny stock hustlin', etc). But no reason you can't do a little of both when it's all said and done.
Me personally, I waited way too long to get started investing, wasting the most valuable asset: Time. They also say that "the best day to start investing was yesterday, and the second best day is Today". So my unprofessional advice would be to start by investing a little dough in one of the Vanguard ETFs like VOO, VTI..one that tracks the S&P 500 or a total market (any fund that is well diversified, all of which should have companies in their holdings that you recognize) and add whatever deposits you can manage in regular intervals (ex. $100/mo. or $50 ever two weeks). This will take advantage of the market fluctuations over a long period of time so things balance out. Plus you're investing in solid companies and can get a better idea of how things move and what you're comfortable with, while risking little.
You can open up an account with M1 Finance for as little as $100, and they have fractional shares so even less than that can be deposited/invested on a regular basis. No minimums and no commission fees. For example: the other day I had like $2 in dividends, so I added $2 worth of Pepsi stock to my holding.
They do only have 1 trading window a day with the free account, but for long term DCA that shouldn't matter too much.
@Tito_Jackson made a good thread a while back. I'll try to find it in a few.
Also M1 has these "Custom Pies" , pre-packaged, ready to invest portfolios that come in handy if you're not sure where to start. Some of them coat-tail the holdings of popular hedge funds. I'm thinking about opening another account for my little nephew using Buffet's Berkshire Hathaway Pie and adding a lil dough every few weeks..
If you don’t have an emergency fund put that hundred in there and keep adding til you got at least enough to cover 1-3 months. If you have that then I’d look at your job and see if they match the 401k and put in enough to get the match. That’s free money. If you got both of those then I agree with a simple Total Stock Market ETF or a Roth IRA with a S&P 500 mutual fund.
This is also assuming you don’t have some crazy credit card debt. If you do then pay off debt first and forget everything above until then.
I saw LMFA as another option too even though it’s not a black stock that I can see. It seems to spike along with the others. Looks like it’s a sympathy financial play to BYFC, has low float, some merger news on the way and people seem to be confused and think it’s part of #BlackoutTuesday. I might grab some at the morning dip if it hits support.
Well said. Agreed re: the matching plans if available through the employer. That can be really helpful.
put it in amazon. don't bother looking at it for years.
after that, study the market, trends, companies, and save to put into stocks. if you have the time, study calls, puts, shorts.
don't pay a site to invest for you. you can do it.
Has anyone ever read this book?
Thoughts??
Generational Wealth: Beginner's Business & Investing Guide 3rd Edition
by LaFoy Orlando Thomas III Esq. (Author)
Thoughts??
Generational Wealth: Beginner's Business & Investing Guide 3rd Edition
by LaFoy Orlando Thomas III Esq. (Author)
LaFoy Orlando Thomas III, Esq. - Business Insider
LaFoy Orlando Thomas III, Esq., is an American attorney, entrepreneur, author, and investor. His business experience includes management, financial services, real estate, and entrepreneurship. His current ventures include music publishing, book publishing, and he is in the early stages of...
www.businessinsider.com
I heard Robinhood had a bunch of issues triggering trades and delays. I don’t use either. I use Schwab (I already had an account before trading) and Webull. Webull gives you two free stocks when you sign up and deposit $100. Added referral link for others interested.
LaFoy Orlando Thomas III, Esq. - Business Insider
LaFoy Orlando Thomas III, Esq., is an American attorney, entrepreneur, author, and investor. His business experience includes management, financial services, real estate, and entrepreneurship. His current ventures include music publishing, book publishing, and he is in the early stages of...
Thanks, I'm going to purchase the Kindle version..
...I read through the Financial Principles & Core Beliefs section of his site and this grabbed my attention:
..do any of ya'll have any experience with this type of investing?
The problems "triggering" trades have fairly non existent from my experience.
For those with little to no experience, robinhood is a great platform. However, the big thing to remember is that Robinhood was the FIRST disruptor to offer no fee trading as well as a trimmed mobile phone friendly trading platform that is 100% controlled by the investor without a broker's involvement.
Other platforms have piggybacked off of Robinhood and added new features. Robinhood's popularity is based upon being a first mover.
Here are my Monday moves for my own record, to get feedback and to share what I'm learning with others. My focus is swing plays using technical analysis. Most of the stocks I'm playing in July will be swing plays going from Oversold (Below 30 RSI) to Overbought (70 RSI or above) with 1 or 2 speculative day trades throughout the week.
Watching for Entry - Items I want to buy just need the right signal
BIMI - At just below 30 RSI, waiting for it to go back over 30 and show some upward movement. This dropped on a poor earnings report but is a mask company and with states requiring masks this could go up along with the rest. Its already at support and should start going back up any day now. This could happen tomorrow and this is the main position I am watching.
Spec Plays - I may buy if setup / news works perfectly
LMFA or BYFC - Both are financial stocks related to the BLM and #BLACKOUTTUESDAY. Pretty sure LM Holdings dont even have black people working there but for some reason its associated. BYFC is already moving and I feel like I missed the entry. It will likely run but since its already at resistance and getting close to oversold it doesnt fit my setup. However, It's possible alot of people will sell off in the first 30 min or so and there may be a good position to take but I don't think it will slide that far. With that in mind I'm watching LMFA because it closed at support and jumped 30% in After Hours. I'm predicting people will take those profits and drop it down closer to support. Whichever opportunity presents itself with the best setup I will take and then exit by Tuesday. If they both move too far out of range I will move on to the next opportunity.
ENDP - FDA decision coming on Monday. Keeping an eye on it but don't think I will jump in before hand will likely wait for announcement and watch for the rebound if it is denied. If it's approved and doesn't gap up I will take a small position.
Still In Play - Current Positions
HRTX - On an uptrend looking to ride this back up to around $19 unless the rally starts breaking down. Pending news on Canadian FDA equivalent approval. Heavily shorted so with a positive news catalyst this presents a short squeeze possibility and could spike up.
MARK - Earnings call during after hours but planning to sell before call. Sold half my position Thursday and have a trailing profit target stop setup if it runs and then backtracks.
AMD - Will sell tomorrow and take profits and get back in when it goes to oversold territory.
Watching for Entry - Items I want to buy just need the right signal
BIMI - At just below 30 RSI, waiting for it to go back over 30 and show some upward movement. This dropped on a poor earnings report but is a mask company and with states requiring masks this could go up along with the rest. Its already at support and should start going back up any day now. This could happen tomorrow and this is the main position I am watching.
Spec Plays - I may buy if setup / news works perfectly
LMFA or BYFC - Both are financial stocks related to the BLM and #BLACKOUTTUESDAY. Pretty sure LM Holdings dont even have black people working there but for some reason its associated. BYFC is already moving and I feel like I missed the entry. It will likely run but since its already at resistance and getting close to oversold it doesnt fit my setup. However, It's possible alot of people will sell off in the first 30 min or so and there may be a good position to take but I don't think it will slide that far. With that in mind I'm watching LMFA because it closed at support and jumped 30% in After Hours. I'm predicting people will take those profits and drop it down closer to support. Whichever opportunity presents itself with the best setup I will take and then exit by Tuesday. If they both move too far out of range I will move on to the next opportunity.
ENDP - FDA decision coming on Monday. Keeping an eye on it but don't think I will jump in before hand will likely wait for announcement and watch for the rebound if it is denied. If it's approved and doesn't gap up I will take a small position.
Still In Play - Current Positions
HRTX - On an uptrend looking to ride this back up to around $19 unless the rally starts breaking down. Pending news on Canadian FDA equivalent approval. Heavily shorted so with a positive news catalyst this presents a short squeeze possibility and could spike up.
MARK - Earnings call during after hours but planning to sell before call. Sold half my position Thursday and have a trailing profit target stop setup if it runs and then backtracks.
AMD - Will sell tomorrow and take profits and get back in when it goes to oversold territory.
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First time seeing this dude. I subscribed.
Today (more likely this week) will be a strong market day. MSFT is nearing highs in PM. Look for the slight morning dip and grab a couple of call contacts. You can make a quick couple hundred or thousands depending on your risk tolerance.
You've heard multiple tell you about NIO, this will be one of those situations where you going to be mad at yourself for not jumping on this high probability trade. These don't come around very often. At least do $100.00 direct buy. Or a $12 or $13 strike price call contact. I'm grabbing 100 with a Aug 7th end date. I will update throughout the day. I dont plan to hold this overnight.
Remember, get you profit and get out. You can always take out your initial investment and reinvest the profit which will guarantee you are always up.
Rise and grind!!!
You've heard multiple tell you about NIO, this will be one of those situations where you going to be mad at yourself for not jumping on this high probability trade. These don't come around very often. At least do $100.00 direct buy. Or a $12 or $13 strike price call contact. I'm grabbing 100 with a Aug 7th end date. I will update throughout the day. I dont plan to hold this overnight.
Remember, get you profit and get out. You can always take out your initial investment and reinvest the profit which will guarantee you are always up.
Rise and grind!!!
I'm using the Think or Swim interface for the first time this morning. Lord, what a difference v. eTrade as far as real time tracking...
EDIT: it actually looks like eTrade has something similar, but I just never realized. Applaud my dumb ass. I don't think they have paper trading like ToS though..
EDIT: it actually looks like eTrade has something similar, but I just never realized. Applaud my dumb ass. I don't think they have paper trading like ToS though..
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I like the flavor of his videos. Good stuff!
Too late for $NIO now.
Its a long hold for me
"BELLUS Health shares are trading lower after the company's phase 2 trial of BLU-5937 for chronic cough missed its primary endpoint. "
Why do you think this is going to have a significant bounce back? Are you counting on their phase 2 trials? Meaning, past the current $3.99
Yea just took a look and was thinking the same. I added it to my watchlist but it’s way down and quick recovery may have already happened.
Yeah I added too.. Will watch it, but it appears that the trials results have let the air out their balloon for now.
I am really knew on the trading scene, but have been picking up some good pointers from you brothers in this thread..
Word patience is key. The best thing I did so far today was buy nothing. I didn’t chase a stock or take a position that didn’t fit my setup. Hoping that pays off long term. Sticking to the plan has kept me in the green on my last dozen or so trades.
Brotha do you have a link to download this book? Looks interesting
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