Day Trading?
- Thread starter Corym
- Start date
A long time ago, somebody here was seeking advice on how to prepare resumes. I made the same comment as yours. I was told, you never know what advice you may find here. I've never made that kind of comment since.You’re seeking Day Trading advice on an Escort Review Board!?!
You’re kidding right?
I purchased CDN$100 worth of Bitcoin and Etherium 30 days ago. This morning they're worth $150. I figure a 50% profit is pretty good. The fees I paid to get started were less than a twonie.
He's trying to say the stock market is a casino where you win and you lose and to buy food stocks because everybody needs to eat.....but his mouth is too full to communicate clearly.
Agree! I have actually gotten better tips and investing strategies on this little escort review board than I have from my investment advisors, buddies, and investment news feeds. With the no-fee retail investing platforms available now, I’m transitioning to a rogue investor and slowly firing the so called professionals—they want my fees, Perb Peops just want the warm glow of good community sharing.
The key in this is being able to independently identify what advice works for you and what doesn't. Taking everything on a pooning board at face value is a recipe for disaster (and I'm not just talking about escort reviews).
I would say that the Perb mods are more effective than the SEC mods. Which stands to reason, since there is MONEY AND SEX at stake.
Long live PERB Investment, Pooning, and Humour sharing, with a modicum of political debate thrown in for flavour.
Long live PERB Investment, Pooning, and Humour sharing, with a modicum of political debate thrown in for flavour.
I think you need to clarify what you mean by retail for newbies. You probably mean fashion brands.
Retailers like HD,LOW,COST,WMT have done well and if you count AMZN as starting out as retail too.
If a newbie wants to day trade or swing trade I would warn them of the cyclical nature of certain industries especially commodities.
I realize the initial question pertains to daytrading, but thought I'd add this. My (un professional) advice to anyone starting out in equities investing would be, buy dividend stocks that offer a DRIP program. (dividend re investment program)
Make sure they are good solid companies with regular annual dividend increases. Once purchased, set it to DRIP then sit back and wait till you retire, then turn off the DRIP and reap the cash flow.
Unfortunately for me, I started too late to reap the full benefit.
Make sure they are good solid companies with regular annual dividend increases. Once purchased, set it to DRIP then sit back and wait till you retire, then turn off the DRIP and reap the cash flow.
Unfortunately for me, I started too late to reap the full benefit.
Food stocks may be ok if you are a low risk taker but their growth and returns are very low. Even with DRIPS, your usual max take home is 5 percent. If you have a bigger “ appetite” , other stocks are better like the FAANG stocks , Tesla, beyond meat , Airbnb , Uber, etc.
Considering what some guys can afford when it comes to high end SP's, it wouldn't surprise me if some people here know what they're doing in terms of trading!
Whether they'll share on the other hand...
people generally don’t want to share Trading information. There are SEC rules, and other laws unless it’s for “ entertainment purposes only” . No on wants to recommend a stock , have it tank, then someone sued you bc they thought you were a financial advisor or that you pumped and dumped a stock. If they were truly financial advisors, why would they share info publically. They would not make a commision if they did . And if they advise someone after they already loaded up on a stock, there is the conflict of interest and disclosure problems. However, there are plenty of “ recommendations “ though on Reddit or fb. Follow any recommendation with caution.
Ten or eleven years ago I left my full service "financial advisor" (and commissions that averaged $300-$400 per trade), opened discount brokerage accounts and bought aapl, msft and goog.
I've been holding them ever since, even though aapl has had a few pullbacks that tempted me to sell. I'm not the smartest guy, but that was the smartest thing I've ever done.
I've been holding them ever since, even though aapl has had a few pullbacks that tempted me to sell. I'm not the smartest guy, but that was the smartest thing I've ever done.
I bought apple around $75 about 7 to 10 years ago but sold it 2 years ago due to financial need for a personal project. Was it a mistake to sell it? In retrospect maybe. Am i happy with the end product of my project? Very. Do i want to get back into Appl ? prob but not at current prices. I bought google at around 90 when it first ipo'd. I also sold all of it 2 years ago.
The rest of the FAANG stocks did wonders for me when i bought them 7 years ago, but now i have shifted to other things.
My most recent acqusition was cciv at 17 bucks..but i have now sold them as well.
As for full service brokerages..yeah they can cost up to 500 to do a trade that you can do for 9.99 ( used to cost 49.99 per trade at discount brokerages).
Disclosure: Above is for "entertainment purposes only." I am not a financial advisor.
The rest of the FAANG stocks did wonders for me when i bought them 7 years ago, but now i have shifted to other things.
My most recent acqusition was cciv at 17 bucks..but i have now sold them as well.
As for full service brokerages..yeah they can cost up to 500 to do a trade that you can do for 9.99 ( used to cost 49.99 per trade at discount brokerages).
Disclosure: Above is for "entertainment purposes only." I am not a financial advisor.
One of the ways the Reddits get around the debilitating liabilty paranoia is just to declare a YOLO. Like a brag point that provides info on a successful trade. Although historical, YOLO’s also provide intel. For Entertainment Purpose Only (FEPO). Lol. ?
well, in that case , my expedia is 172%, airbnb 43%,mgm 63%, peleton 58%, royal carribean 38, uber 30%. (FEPO)
Tools of investment. Retracement levels in the chart. Pure folklore. Investors like these ratios that occur in nature in the swerls of galaxies, sea shells, sunflower plants and so place their bets as turning points in a market.
If you loose track of the ratios, you can calculate yourself. From a number series created by adding the last number in a series with the preceding number:
0,1,1,2,3,5,8,13,21,34,55,89,144,233........
The series goes to infinity. After the series gets going, select any number and divide that number into the preceding number to get 0.618, divide a number into the second preceding number to get 0.382, divide a number into the third preceding number to get 0.236. At the low end of the series, dividing into the preceding number yields 0.5, so investors include that ratio as well.
In a chart select the most recent price swing high and price swing low. In between, calculate the dollar value at each level as possible entry points. To increase betting odds, investors like to combine retracement levels with trend lines, the diagonal line in one chart, and previous turning points, dark horizontal line in the other chart. Ratios marked in yellow. If instead of retracing, the price breaks out, flip the ratios above or below for new entry/exit points, and look for collaborating trend lines and previous price swings. These charts for currencies but same technique for stocks.
If you loose track of the ratios, you can calculate yourself. From a number series created by adding the last number in a series with the preceding number:
0,1,1,2,3,5,8,13,21,34,55,89,144,233........
The series goes to infinity. After the series gets going, select any number and divide that number into the preceding number to get 0.618, divide a number into the second preceding number to get 0.382, divide a number into the third preceding number to get 0.236. At the low end of the series, dividing into the preceding number yields 0.5, so investors include that ratio as well.
In a chart select the most recent price swing high and price swing low. In between, calculate the dollar value at each level as possible entry points. To increase betting odds, investors like to combine retracement levels with trend lines, the diagonal line in one chart, and previous turning points, dark horizontal line in the other chart. Ratios marked in yellow. If instead of retracing, the price breaks out, flip the ratios above or below for new entry/exit points, and look for collaborating trend lines and previous price swings. These charts for currencies but same technique for stocks.
