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My pops is in the stock market heavy. Always telling me to buy buy spyder. Think of it like blue chips. Rule number one though to play the market is don't get anxious and sell if stocks slide. Its a long term thing.
JoeF2661My pops is in the stock market heavy. Always telling me to buy buy spyder. Think of it like blue chips. Rule number one though to play the market is don't get anxious and sell if stocks slide. Its a long term thing.
You should ask what stocks he’s holding until 2019
**This post was edited on Apr 11th 2018 at 10:06:38pm
I trade a lot but I wouldn't say I'm that knowledgable yet. Google looks like a good buy right now. Facebook too. I bought Facebook after the media ripped them apart @ $151. That was a good buy..
It's been empirically proven many times that 99% of day traders can't beat the market in the long term. When you add in your fees to trade, 35% vs 15% tax rate, and the volatility of day to day trading, it becomes expensive enough that you need really big short term wins consistently. That is almost impossible to do. Now factor in your time and you might as well work a real job and invest the money long term anyway.
I buy individual stocks when I see excellent opportunities for a long term investment. It's usually something obvious to you, like replacing the worst thing in the world with something better (leave Comcast for Netflix, for example - boom. I guess I should buy Netflix because literally everyone I know hates cable and wants a cheap option). Another one I like to use as an example is Boeing. I am in the aviation and military realm every day, so when I noticed that Boeing pays a generous dividend, airlines are expanding at a tremendous rate, and that Boeing is the sole manufacturer to most GPS guided weapons, I saw a fantastic buy opportunity and was happily surprised by how good that 3 year return was. Another common example is Apple. I bought Apple in 2007 when Steve Jobs unveiled the iPhone like many others. There was nothing remotely similar to that on the market, my dad owned a brand new Motorola Razr that day. Those are times you can make a solid buy and hold on for the long term. I did sell and re buy a few times along the way to lock in gains and get back on the train, but those are rare opportunities.
These are wins I'm listing of course to provide examples of what I look for. I have also bought stocks with great confidence only for that company to have an Earth shattering trip up the next day that crushes a previously great business model. When I average my wins and losses, it's not much different than my return for by far my biggest holdings: long term ETFs/Mutual Funds (which take zero man hours to maintain). So hopefully this helps you wrap your mind around it. Realize everyone you talk to will list their wins and tend to not mention the day they lost 40% because they were stupid and excited, so temper your emotions with the data and you'll do well. The biggest thing you can do is save more, so passing on your 4th ski jacket and investing that money instead will get you to your financial goals years, maybe decades faster.
I more or less want to have this in my threads for updates.
Day trading is a tough little fucker. I have been day trading off and on since I built up my $25k needed to pattern day trade and I find it to be a little adrenaline rush when I get in. I make sure I do my research and I really dont get in unless a lot of factors add up. But its still risking a ton of money for a small gain normally. I have hit some 50-75% winners and that is great. I have hit 30% losers too. But normally its 7-10% on a really good day. So, if you risk $20k for a good daily return of 7%, you are getting $1400 back. If you take a big spike in the eye, you lose $5k in a few minutes.
Some things I look for:
Previous days activity
Is there news that day on the company
Off market trade patterns (this one is big)
Average and recent volume (this is often overlooked and screws a lot of people)
Opening partterns
Mid day patterns and volume
Anyone use any other major factors?
Recently, I like ARQL if you can get in below 2.70 for a multi-day hold. If I remember what I read, they are presenting phase 2 findings to the AACR in a couple days and I dont think they would advertise that they are if they had bad news. I bought in the other day in the low 2.60s and expect it to get to 3.1x or higher after they announce their news.
Turtle beach (HEAR) and Sprint (S) treated me well the past couple days.
**This post was edited on Apr 12th 2018 at 3:37:00pm
Vanguard ETF is such a safe bet that returns better than your average mutual fund.
For blue chip stuff depends how long you're willing to hold but if I had to buy right now it would be Amazon. Also didn't spotify just have its IPO?Could be interesting...
If you want event-driven stocks to trade, healthcare is a really good (but difficult) place to look.
There is a whole host of data available online for the general public, and even more so if you are still in college and have access to the library since most have ability to access scientific and medical journals.
You can also track a lot of the clinical trials ongoing through clinicaltrials.gov as well as see what trials have failed/are currently ongoing in the same indication.
My tip right now for stocks to look at in this sector? COOL (PolarityTE) and CBAY (Cymabay).
COOL is down a lot recently but the technology is quite interesting and promising. Their issue is that they can't present their story in a coherent manner to investors but the science community loves it. I'd expect them to be bought out in 12-24 months.
CBAY has some really promising NASH and PBC data which are hot places to be currently.
I'd invest in them myself but I can't for a multitude of reasons related to work and connections with the companies listed above.
If you're investing long term, stick with bluechips and ETFs.
Day trading, IMO, is a waste of money for 99.9% of the people who are looking to make a substantial amount of money from it. It's fine to dabble with a few thousand in but as someone said above, in the long run you're better off elsewhere.
**This post was edited on Apr 12th 2018 at 4:14:13pm
Ya I’m hoping more people dump intel stock and buy amd in a few months . I only have 133 shares of amd but tempted to buy another 100-200 in the next week.
nostreboRVanguard ETF is such a safe bet that returns better than your average mutual fund.
For blue chip stuff depends how long you're willing to hold but if I had to buy right now it would be Amazon. Also didn't spotify just have its IPO?Could be interesting...
Damn, that looks dire. I still think I would take 50% stock option + 50% salary at spotify over 100% salary if I was offered a job there. That shit has potential for crazy growth. But hey I haven't done my research, I just think the other music streaming platforms in the market are bad, and spotify is better.
nostreboRDamn, that looks dire. I still think I would take 50% stock option + 50% salary at spotify over 100% salary if I was offered a job there. That shit has potential for crazy growth. But hey I haven't done my research, I just think the other music streaming platforms in the market are bad, and spotify is better.
Ya that’s pretty normal for ipo’s to go up/down a lot at first but I’m sure Spotify will grow and scale with more tech in many things to come
mtbakerpowYa that’s pretty normal for ipo’s to go up/down a lot at first but I’m sure Spotify will grow and scale with more tech in many things to come
although look at snapchat its 50% down a year after IPO a lot of these tech companies are so hyped up when they arent very profitable. also just so you guys know avoid anything chinese i got fucked
kingsskierI more or less want to have this in my threads for updates.
Day trading is a tough little fucker. I have been day trading off and on since I built up my $25k needed to pattern day trade and I find it to be a little adrenaline rush when I get in. I make sure I do my research and I really dont get in unless a lot of factors add up. But its still risking a ton of money for a small gain normally. I have hit some 50-75% winners and that is great. I have hit 30% losers too. But normally its 7-10% on a really good day. So, if you risk $20k for a good daily return of 7%, you are getting $1400 back. If you take a big spike in the eye, you lose $5k in a few minutes.
Some things I look for:
Previous days activity
Is there news that day on the company
Off market trade patterns (this one is big)
Average and recent volume (this is often overlooked and screws a lot of people)
Opening partterns
Mid day patterns and volume
Anyone use any other major factors?
Recently, I like ARQL if you can get in below 2.70 for a multi-day hold. If I remember what I read, they are presenting phase 2 findings to the AACR in a couple days and I dont think they would advertise that they are if they had bad news. I bought in the other day in the low 2.60s and expect it to get to 3.1x or higher after they announce their news.
Turtle beach (HEAR) and Sprint (S) treated me well the past couple days.
**This post was edited on Apr 12th 2018 at 3:37:00pm
Why would you do all that for a 7-10% gain? The stock market average adjusted for inflation is 7%. You should expect an average of 10% not adjusted. Seems like way too much work and a terrible tax situation (35% vs 15%) when I make that much watching TV.
mtbakerpowYa that’s pretty normal for ipo’s to go up/down a lot at first but I’m sure Spotify will grow and scale with more tech in many things to come
Sure, I think Spotify is awesome and I pay for it (as are a growing number of people). But the rate at which they siphon off money is also growing, and the last time I checked businesses are supposed to make more money than they lose to survive.
Dustin.Sure, I think Spotify is awesome and I pay for it (as are a growing number of people). But the rate at which they siphon off money is also growing, and the last time I checked businesses are supposed to make more money than they lose to survive.
Dustin.Sure, I think Spotify is awesome and I pay for it (as are a growing number of people). But the rate at which they siphon off money is also growing, and the last time I checked businesses are supposed to make more money than they lose to survive.
Hey man I’m with you. But the music streaming business is a hot tub with 4 people in it you gotta pick the one that’s the least ugly. Spotify is that.
Horrible history, negative profits, but significantly on sale now cuz they posted an additional offering. NVAX is good now if you're a day trader playing the short game on this volatile stock. To be long, is risky, but if their flu and RSV trials actually pan out that's some next level shit. Results are good so far, but clinical trials fail more often than not so high risk.
Dustin.Why would you do all that for a 7-10% gain? The stock market average adjusted for inflation is 7%. You should expect an average of 10% not adjusted. Seems like way too much work and a terrible tax situation (35% vs 15%) when I make that much watching TV.
A daily return of 7% is WAYYYY higher than an annual return of 10%.
Dustin.Why would you do all that for a 7-10% gain? The stock market average adjusted for inflation is 7%. You should expect an average of 10% not adjusted. Seems like way too much work and a terrible tax situation (35% vs 15%) when I make that much watching TV.
I hope your trolling, almost any post I see you make on the topic of investing is incredibly dense. 7% Stock market return average is on an annual figure
**This post was edited on Apr 13th 2018 at 10:26:41am
Govygen_gourmetI dont day trade but I do have some snap shares that I bought when Snap went public... I am so dissapointed.. but I believe there is hope yet!
oiucheekykuntover say 20 years could you average that
Way too high of a number. Lets do the math for one week using easy numbers and you can take it from there.
$1000 in initial investment
7% over 5 business days (1 stock market week)
Day 1: 1000+(1000*.07) = 1070
Day 2: 1070+(1070*.07) = 1144.9
Day 3: 1144.9+(1144.9*.07) = 1225.043
Day 4: 1225.043+(1225.043*.07) = 1310.796
Day 5: 1310.796+(1310.796*.07) = 1402.55
OR
P*(1+interest%)^(number of days)
1000*(1+.07)^5= 1402.55
5 day return percent of 40.3%
Assume 260 market trading days a year.
1000*(1+.07)^(260*20)= $6.25e155
That is assuming no losses and a consistent 7% daily return with reinvestment of all funds. (This will never happen or you would be an investing GOD)
**This post was edited on Apr 16th 2018 at 9:57:05am
**This post was edited on Apr 16th 2018 at 9:58:16am
TRVP_ANGELI hope your trolling, almost any post I see you make on the topic of investing is incredibly dense. 7% Stock market return average is on an annual figure
**This post was edited on Apr 13th 2018 at 10:26:41am
A vast majority of day traders cannot beat the average 7-10% ANNUAL market average consistently. The 7-10% daily gain is a fantasy in the long run. The daily gain would be much lower than that for a successful day trader.
kingsskierRecently, I like ARQL if you can get in below 2.70 for a multi-day hold.
**This post was edited on Apr 12th 2018 at 3:37:00pm
If anyone got into this at the low 2.60s where it was recently, you are sitting at 8% gain and climbing. I think it may come closer to or break $3 in the coming days if not today.
PS, I got in at $2.62 and sold at $2.88 to capture my 10%. If it drops again, Ill repeat.
kingsskierRecently, I like ARQL if you can get in below 2.70 for a multi-day hold.
**This post was edited on Apr 12th 2018 at 3:37:00pm
If anyone got into this at the low 2.60s where it was recently, you are sitting at 8% gain and climbing. I think it may come closer to or break $3 in the coming days if not today.
PS, I got in at $2.62 and sold at $2.88 to capture my 10%. If it drops again, Ill repeat.
Dustin.It's been empirically proven many times that 99% of day traders can't beat the market in the long term. When you add in your fees to trade, 35% vs 15% tax rate, and the volatility of day to day trading, it becomes expensive enough that you need really big short term wins consistently. That is almost impossible to do. Now factor in your time and you might as well work a real job and invest the money long term anyway.
I buy individual stocks when I see excellent opportunities for a long term investment. It's usually something obvious to you, like replacing the worst thing in the world with something better (leave Comcast for Netflix, for example - boom. I guess I should buy Netflix because literally everyone I know hates cable and wants a cheap option). Another one I like to use as an example is Boeing. I am in the aviation and military realm every day, so when I noticed that Boeing pays a generous dividend, airlines are expanding at a tremendous rate, and that Boeing is the sole manufacturer to most GPS guided weapons, I saw a fantastic buy opportunity and was happily surprised by how good that 3 year return was. Another common example is Apple. I bought Apple in 2007 when Steve Jobs unveiled the iPhone like many others. There was nothing remotely similar to that on the market, my dad owned a brand new Motorola Razr that day. Those are times you can make a solid buy and hold on for the long term. I did sell and re buy a few times along the way to lock in gains and get back on the train, but those are rare opportunities.
These are wins I'm listing of course to provide examples of what I look for. I have also bought stocks with great confidence only for that company to have an Earth shattering trip up the next day that crushes a previously great business model. When I average my wins and losses, it's not much different than my return for by far my biggest holdings: long term ETFs/Mutual Funds (which take zero man hours to maintain). So hopefully this helps you wrap your mind around it. Realize everyone you talk to will list their wins and tend to not mention the day they lost 40% because they were stupid and excited, so temper your emotions with the data and you'll do well. The biggest thing you can do is save more, so passing on your 4th ski jacket and investing that money instead will get you to your financial goals years, maybe decades faster.
Would investing in Boeing still be profitable today?
I think its a more buy and hold. They are depending on crypto with their latest news. So, they will moon with good crypto news.
VTVT fucking mooned today for no rhyme or reason.
NVCN was good for me this week. Made a Smooth $1k twice in a week. Very volatile, but if you get in low, you can make good profits easily. Its a huge volume mover.
kingsskierI think its a more buy and hold. They are depending on crypto with their latest news. So, they will moon with good crypto news.
VTVT fucking mooned today for no rhyme or reason.
NVCN was good for me this week. Made a Smooth $1k twice in a week. Very volatile, but if you get in low, you can make good profits easily. Its a huge volume mover.
I saw amazon is trying extra hard to get bitcoin as a payment type by applying for some patent so hoping to buy all the parallels and maybe but bitcoin in another year or two if it looks like it will get accepted more internationally
Nickc88Would investing in Boeing still be profitable today?
I'm not selling it any time soon. Government contracts and a generous dividend make it a great long term part of a portfolio in my opinion. Just one piece of the puzzle.
I believe everyone should have some level of action within the market. Started trading a few years ago losing money until i took the time to obsessively study everything including how to find promising stocks. Which is why I recommend beginners stick to maybe swing trading (not day trading) and going super long term on less volatile stocks. Lack of research makes it feel like more of a gamble. Now i'm in heavy and am happy with my marginal gains that I wouldnt get from a savings account.
kingsskierBut normally its 7-10% on a really good day.
Unrealistic daily goal. That's even a high expectation weekly imo. Hard to believe even someone really with the shits can consistently clear that. Easy way to get burned bad, but maybe you just know something I dont.
blankfaceUnrealistic daily goal. That's even a high expectation weekly imo. Hard to believe even someone really with the shits can consistently clear that. Easy way to get burned bad, but maybe you just know something I dont.
It's not an unrealistic goal at all. It doesn't mean I consistently hit it. It's what I aim for. If you aim low, you will not make money. Always set your goals at the highest realistic value.
I also say it's a very good day when I hit that mark.
GhettoYetiWhat is the typical percentage of your savings alotted to trading?
I typically keep 80% of my savings in investments. Stocks, cryptos, real estate and some other things. I pull out 10% of my after tax gains and reinvest the rest. I will sometimes pull out a larger chunk for a larger purchase. I recently sold a bunch of crypto to buy a new car. But, I like my money to work for me. Savings accounts are jokes with the percent they give you. I just keep one if my debit card gets hacked, my quick funds arent reachable. My bank makes moving money from savings to checking easy and instant on my phone app.
I base my money on liquidity for the most part. Banks are instantly liquid, stocks and cryptos take a few days to wire money but are attainable fairly quick. Real estate is not so liquid. Gold and silver are annoying to sell for market in my area. I like to have at least 50% of my investments liquid. I dont know if this number is how everyone does it (likely not). But, it works for me.
**This post was edited on Apr 20th 2018 at 2:31:09pm
kingsskierI typically keep 80% of my money in investments. Stocks, cryptos, real estate and some other things. I pull out 10% of my after tax gains and reinvest the rest. I will sometimes pull out a larger chunk for a larger purchase. I recently sold a bunch of crypto to buy a new car. But, I like my money to work for me. Savings accounts are jokes with the percent they give you. I just keep one if my debit card gets hacked, my quick funds arent reachable. My bank makes moving money from savings to checking easy and instant on my phone app.
I base my money on liquidity for the most part. Banks are instantly liquid, stocks and cryptos take a few days to wire money but are attainable fairly quick. Real estate is not so liquid. Gold and silver are annoying to sell for market in my area. I like to have at least 50% of my investments liquid. I dont know if this number is how everyone does it (likely not). But, it works for me.
Thats alot, but you are totally right, savings accounts are shite
Depends on your net worth,if you can afford to have a large amount in savings without any risk,you should. But obviously if you’re paying attention to your portfolio daily having more in market makes more sense!
GhettoYetiThats alot, but you are totally right, savings accounts are shite
Just make the most of what you have. I started out investing at an uncomfortable level and worked my way to a decent net worth. My next goal is a millionaire net worth. I have to keep reinvesting and living on a strict budget to get there but it will be worth it. I will never stop making my money work for me. The more I have, the more I gain. It becomes an addiction. You always want that number higher. I will never settle and I'm okay with that. I do however, have a number that I will start pulling out more money to enjoy life. But, I always will want that number higher. But that gives me the drive to keep at it.
kingsskierJust make the most of what you have. I started out investing at an uncomfortable level and worked my way to a decent net worth. My next goal is a millionaire net worth. I have to keep reinvesting and living on a strict budget to get there but it will be worth it. I will never stop making my money work for me. The more I have, the more I gain. It becomes an addiction. You always want that number higher. I will never settle and I'm okay with that. I do however, have a number that I will start pulling out more money to enjoy life. But, I always will want that number higher. But that gives me the drive to keep at it.
Yeah haha I am in engineering school right now but when I get out that will be like my goal
