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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27086313 - 12/12/20 07:18 PM (3 years, 1 month ago) |
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Numinus wellness is another canadian company that has had pretty insane gains this year. Says they are the only publicly traded company approved to grow psilocybin mushrooms here...
https://www.kelownanow.com/watercooler/news/news/Provincial/Health_Canada_approves_license_for_BC_company_to_grow_Psilocybin_mushrooms%C2%A0/
I think I was kind of skeptical of the whole industry at first but things are really ramping up in Canada.
Totally regret not putting some funds into these stocks earlier in the year...
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SunnyDayze
Finder of shrubberies



Registered: 12/30/17
Posts: 2,230
Loc: Canada
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: sh4d0ws]
#27087114 - 12/13/20 10:53 AM (3 years, 1 month ago) |
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Thanks geo, I’ll check it out. I deal with TD in Canada and it 9.99 per buy/sell. I’m a long haul investor right now so don’t mind the fee, if I traded more often I would look into something else.
Hey Sh4d0ws, good to see you. Numinous is still pretty affordable. Not too late to get in on some penny stocks too. PLNT TRIP MYCO ENBI and RVV are still under $1. crap shoot on what will happen, seen that in the MJ industry with some companies left in the dust. MMED is still my favourite but is jumping like crazy.
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pslyke
fantasmagoric



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: SunnyDayze]
#27087149 - 12/13/20 11:20 AM (3 years, 1 month ago) |
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I've been checking this site out daily. It gives a nice overview of how the psychedelics market is evolving. They are tracking 34 stocks in the space currently and it continues to grow as more companies go public.
https://www.shroominvestor.com/
-------------------- "What appears impenetrable to us does exist, manifesting itself in the deepest wisdom and the most radiant beauty" Einstein "The conservatives of 70 years ago would be outraged at what has come to pass. It embodies everything they took up arms for to defeat"Asante
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Pennybuns
Forager


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27089045 - 12/14/20 03:17 PM (3 years, 1 month ago) |
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hi does anybody know how to buy these stocks in the uk? or most shroom stocks. Which brokers do you guys use? thanks
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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Pennybuns]
#27089221 - 12/14/20 05:24 PM (3 years, 1 month ago) |
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Numinus up another 50% today
I missed out...should have been ready for monday morning but I had an interview
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today mylove



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: sh4d0ws]
#27090684 - 12/15/20 02:51 PM (3 years, 1 month ago) |
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full on speculative bubble in these shroom stocks
i bet on Compass pathways since October, it's the only one that is lagging the rest lol
the canadian ventures ones are low float and definitely being pumped. reminds me of ICOs in crypto. be careful
Edited by today mylove (12/15/20 02:57 PM)
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27095424 - 12/18/20 08:05 AM (3 years, 1 month ago) |
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PENN really ripped, I sold most of mine into the pop this morning, not because anything is wrong with the stock, but because it was a big winner and I don't want to be hugely exposed going into a holiday week. Even bought a little UVXY as this morning has seen pretty much constant selling in the majors.
The only big longs I still have on are ENPH and TXG. Sold $10 calls earlier in the week on my ACB, which appear set to expire worthless, allowing me to hold onto the common. Will short more calls against the common next week.
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27100455 - 12/21/20 07:57 AM (3 years, 1 month ago) |
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Sold that UVXY this morning, well that was prescient (aka lucky ) timing. Taking a small swing at AMZN, which is still coiling at its 50 day but trying to put in a bit of a showing on an otherwise rough start to the week. Mutated and more contagious virus strain in the UK (and a few other places) and the US stimulus plan already having been discounted, leaves not much juice for the market here right now. AMZN should benefit as I am certain they are having a banner season with holiday shopping and if the mutated virus can evade the recent vaccines, that's only another tailwind for them and their stay-at-home-and-get-whatever-you-need business model.
Banks are one standout this morning, as Treasury regulations after the close Friday indicate they can proceed with dividends and share buybacks again, which is a boon to their shareholders. I'm not very compelled to buy aggressively in this environment, especially on a holiday week. Nevertheless, JPM and C are ones to keep an eye on, and I may buy a little bit today for the longer haul.
Edit: Bought some FVRR on the morning pull back. Jumping out of a very tight squeeze. Also hopped back into MSFT, which popped off its 50 day last week and is moving above the bull flag right now which should lead to a continued move higher. Stops at low of day for FVRR, MSFT & AMZN.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
Edited by geokills (12/21/20 10:46 AM)
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Brian Jones
Club 27



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27102113 - 12/22/20 07:29 AM (3 years, 1 month ago) |
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I guess the smart move would have been to short TSLA for one day.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27102393 - 12/22/20 11:31 AM (3 years, 1 month ago) |
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Added to FVRR, initiated position in PLTR and FSLR.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27103684 - 12/23/20 08:05 AM (3 years, 1 month ago) |
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JPM, good volume and moving out of a squeeze from a high base off of its 8 day EMA. Loaded up this morning in anticipation of a move to $130. Also bought a little PLCE, same setup as JPM but less extended. Stops at the morning lows.
PLTR still in its squeeze, but pretty firm. FSLR and FVRR already expanding but a little slow on the uptake this morning. I ratcheted up my stops to the morning lows as these have already broken out and could retrace.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27110667 - 12/27/20 12:57 PM (3 years, 1 month ago) |
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What app do you guys use for trading stocks?
I downloaded robinhood just because they offered a free stock for it.
I added $100 i havent used yet.
I plan to start investing every pay check.
I can't afford much, but i want to start.
Was wondering what platform you guys like?
I think im going to juggle diversifying between long term holds (5+years, im thinking mutual funds or things like that, gold, btc), shorter term holds(months-years) and considering using some money for more active trading
Either on cryptos or just buys that might profit. For example i saw BABA is at a low right now and thought maybe ill do some research and see if it might go back up to a point where i can turn a profit ina few weeks or months and take my earnings as opposed to thinking of it as a long term investment.
Sort of like buying a low and selling a high even if i dont necesarily want a permanent stake.
At the same time wondering if crypto is better for that purpose or if i should or can juggle both with a varying level of risk..
Hopefully these questions apply to this thread. I wasnt sure if it was on topic or not or if i should make it its own thread or not.
-------------------- Within You , Without You
      
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27110871 - 12/27/20 03:37 PM (3 years, 1 month ago) |
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I use my bank brokerage. I like it because I can instantly transfer cash over. It has fairly high trading fees, but most brokerages in Canada are expensive.
I liked that BABA idea and did the same. I put some money into the EEM - Emerging Markets ETF, it's about 8% BABA, but that was my thought on Thursday to dump some in there. The Chinese versions of tech stocks trade at much more reasonable P/Es and the USD may continue to be weak. There is greater value there I believe and most countries that have done better with covid may not face the same default and bankruptcy cliff as the USA in the 1st half of 2021.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27110908 - 12/27/20 04:02 PM (3 years, 1 month ago) |
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Yeah after doing some research baba looks like it definitely has long term potential...
Now might be a decent time to jump on ship, even if all im buying is a small amount
Tempted to see if it falls more though too..
-------------------- Within You , Without You
      
Edited by Enkidu (12/27/20 04:16 PM)
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27111070 - 12/27/20 05:44 PM (3 years, 1 month ago) |
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https://www.google.com/amp/s/www.nytimes.com/2020/12/24/technology/china-jack-ma-alibaba.amp.html
Idk i just read that
Im brand new to investing
Was hoping to find places to put my money in things i believe in and make the world better
I know... Ridiculous..
Now im already having second thoughts..
Dont want to invest in a company that isnt good or fair to their employees or destroys the environment etc etc...
-------------------- Within You , Without You
      
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu] 1
#27111188 - 12/27/20 06:57 PM (3 years, 1 month ago) |
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LOL. You are going to have a hard time finding very many of those. Capitalism is inheritably evil and destroys. It is based on greed.
Oil companies profit off the destruction of the environment Alcohol companies make 80% of profits from 20% of heavy drinkers The multibilllion dollar defense industry kills brown people around the world for questionable political reasons Healthcare companies overcharge patients and make profits for the shareholders Amazon busts up unions, facebook steals and sells data.
You can do this all day long for almost every company.
ESG is the new investing fad. Environmental, social, and governance tries to align with those goals, but I believe it's more of a white wash than actual changing the paradigm.
Good luck battling the morality of capitalism.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27111194 - 12/27/20 07:03 PM (3 years, 1 month ago) |
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The only consolidation I can offer is that these shares have already been issued and it's not like the company is receiving any money for your stock purchase. You are only buying from another investor. At one point they did an issuance to offer the shares to investment banks and put the shares in the public markets, but that might have been years ago. Or companys like Telsa might have done a secondary issuance lately to raise more money even a few months ago.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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geokills
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Registered: 05/08/01
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27111325 - 12/27/20 08:37 PM (3 years, 1 month ago) |
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Quote:
Enkidu said: What app do you guys use for trading stocks? Was wondering what platform you guys like?
I think im going to juggle diversifying between long term holds (5+years, im thinking mutual funds or things like that, gold, btc), shorter term holds(months-years) and considering using some money for more active trading
Either on cryptos or just buys that might profit. For example i saw BABA is at a low right now and thought maybe ill do some research and see if it might go back up to a point where i can turn a profit ina few weeks or months and take my earnings as opposed to thinking of it as a long term investment.
I use TDAmeritrade, their java based ThinkorSwim charting platform is pretty slick. Common stock trading is commission-free (as it is on most US based platforms these days). Robinhood is probably fine for casual use (I haven't used it myself), but they aren't likely to have the same depth of tools as TDAmeritrade and may be slightly less reliable during times of high market activity. Note: Virtually all brokers will experience problems to varying degree during unexpected/important breaking news that moves markets in a big way.
If you are trying to "juggle" different trading styles, I recommend opening up separate accounts for each approach. Particularly for a newer trader, it will likely be very difficult to attempt to manage three independent trading methodologies on a single account. Your trading discipline and ultimately the consistency of your results will probably suffer. I know it may not seem so important, but having to intentionally switch to a different account/screen will help you compartmentalize your approach and keep you in your lane, so to speak. It will also allow you to clearly review which method(s) are serving you best. Whatever your plan may be, you need to be able to plan your trades, and trade your plan for every trade you make. Don't just wing it, or you'll be wasting your time and probably your money along with it.
Regarding your long term holds. Mutual funds are not my preference as many of them carry some onerous fees and often don't perform consistently well. If you want a long term, hands off approach to the market with minimal expenses, go for an S&P500 exchange traded fund: the SPY. If you want technology weighting, go for the QQQ. If you want small-caps (smaller companies that potentially have more room for growth), go for the IWM.
On BABA. It might be worthwhile for a swing trade, as they are a pretty amazing company. Only recognize that there is significant headline risk here. The Chinese government is considering taking action against the company and the Chinese government is also known for quite frankly, disappearing people. As your article indicates, Jack Ma is in the crosshairs of the state, and China doesn't play by the same rules we do. So... by all means, take a trade if it's setup well, but I wouldn't place huge bets overnight on this issue. Looking at the chart, the Christmas Eve low of $211 must be your hard sell stop.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Enkidu
"No-Such-Person"


Registered: 07/09/16
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27111663 - 12/28/20 04:41 AM (3 years, 1 month ago) |
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Yeah i hear ya ahab
Thanks geo, yeah i think in going to try and move slow with it all and take my time
Spend some time trying to figure some things out before i make my first purchase even
Didnt buy baba, might hold off a bit and see where it goes today
-------------------- Within You , Without You
      
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27111794 - 12/28/20 07:58 AM (3 years, 1 month ago) |
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With BABA opening down and finding a bid inside of 10 minutes, I took a long position, mostly for a day trade. I will be out of at least 80% of it by the close, whether through the stop loss I have that is being ratcheted up with the price action, or by manually closing out the bulk of the trade into strength at the end of the session.
Also taking FSLR for a nice ride this morning, looking poised to break to a fresh all time high.
Edit: Out of both. Into AMZN.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
Edited by geokills (12/28/20 09:46 AM)
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