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OfflineCHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
    #27115835 - 12/30/20 09:40 AM (3 years, 29 days ago)

Yeah I mean something like BABA trying to make quick speculative bets is like picking up pennies in front of a bulldozer.. you can look at every chart and metric think you have it nailed and know exactly what its doing. Bottomline is eventually your gonna get wacked with a curveball probably on the chin. Theyre like sadists or something over there beware. But also I think it could be helpful to closely follow different types of stock to see market reactions to all the various factors and learn and apply it elsewhere. It really depends on what ur trying to do how your trying to make your money.


Edited by CHeifM4sterDiezL (12/30/20 09:45 AM)


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OfflinegeokillsA
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #27116232 - 12/30/20 12:47 PM (3 years, 29 days ago)

NIO looks ready to pop, I'm accumulating today.

FCX popped in a big way this morning.  Caught half of the move with options, closed it all out.  Will look to re-enter a longer term position closer to $25.50.

BIDU paid me well today.  I'm still holding a little bit because volume over the past couple of weeks has been absolutely off the charts, indicating that major institutions are gobbling this up.  I don't think the huge high volume breakout from a high base this morning is the end of the move.

TSLA setting new all time highs today.  A move above $700 and this thing could go ballistic... again.  I made some pennies on it today with a very quick flip, but I'm out for now.  It is possible that major funds are buying into the end of the year for "window dressing" -- to make their portfolio appear to clients as if they were in big winners (even if they weren't for the bulk of the move), because the year end snapshot will show the holding.  With the S&P addition behind us and a lot of people already invested here in a very richly valued stock, I wouldn't be surprised to see it selloff in the new year.  But then, I wouldn't be surprised to see it launch either.  Just not feeling confident either way on this one.

NNDM, initiated this one yesterday and up huge today.  I took some off the table, but still holding some February calls cause I doubt this move is over either.

AMZN, marking time.  I'm out of the position for now, as today's price action is nearly a bearish englufing pattern, but I'm keeping a close eye on it cause it had a major breakout from a very tight squeeze this week, and I would expect that move to continue after a bit of consolidation.

PLCE, still in this.  It's a super thin stock, but the pattern is rich and short interest is high.  Not suitable for day trading with leverage, due to the lack of volume, but set up nicely for continued upside over a longer time frame.

ACB, doing a whole lot of nothing.  I have covered $9.50 calls on this that expire tomorrow.  I expect them to expire worthless but if I get called away, that would be nice too!  Stock is coming into its 50 day moving average, which should help support it.  But there's no momentum either way right now.


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OfflineEnkidu
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #27116288 - 12/30/20 01:10 PM (3 years, 29 days ago)

Baba i was trying to enter at a decent price and ride it longer term. But once i started looking at the bigger pic trend and started to draw some rough idea lines, and with everyrhing going on and not hearing any positive changing news, it looked like it would continue down.  Guess ill see.

Its great that you share all your tradea and thoughts Geo. To someone like me it helps tremendously just to go look at what you were doing and trying to see the why.

I still havent even made a single buy yet.

Just been trying to learn and evaluate more.

With so many stock options its hard for me to narrow where to look or what to focus on.

That IBD site looks useful but until im making money trading, i absolutely cant justify or afford even a $30 subscription


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OfflineCHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
    #27116412 - 12/30/20 02:10 PM (3 years, 29 days ago)

Theres still alot of covid questions. You never know we could still bump into some kinda recession and you won't see it back here for like 3 years or something. Thats how people end up chasing these things down. All depends on vaccine roll out tho and lifting of restrictions and how well the Fed can skate us over this nightmare.

Also I checked Amazon today to see what it did glad to come in and see u closed it out.


Edited by CHeifM4sterDiezL (12/30/20 02:12 PM)


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OfflineEnkidu
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
    #27116504 - 12/30/20 02:51 PM (3 years, 29 days ago)

Yeah thats something to consider

All of the unknowns and my lack of experience are what so far have kept me from doing anything.

I know you cant make any gains without pulling the trigger but i feel like the tiny amount i have to invest, taking my time wont hurt much


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OfflinegeokillsA
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
    #27116522 - 12/30/20 03:08 PM (3 years, 29 days ago)

You really should setup a "paper trading" account, where you can execute trades without risking capital.  It's not quite the same as having skin in the game from an emotional-management standpoint, but you'll learn more than if you were to just look at charts in hindsight.

https://tickertape.tdameritrade.com/tools/papermoney-stock-market-simulator-16834


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OfflineEnkidu
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #27116549 - 12/30/20 03:20 PM (3 years, 29 days ago)

Cool, i just downloaded it

Should i just buy some fund to hold the money i plan to use for trading until i narrow down on a purchase?


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OfflinegeokillsA
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
    #27116636 - 12/30/20 04:05 PM (3 years, 29 days ago)

What you propose is essentially a cash substitution strategy, and it's not a bad strategy when the market is trending up.  In other words, if you want your money to perform in line with the aggregate market, and only borrow from that market performing pool of money when you find trade setups that you believe will outperform the aggregate market, you could definitely park it in a low cost, highly liquid, diversified instrument such as the SPY, which mirrors the S&P500 and is for all intents and purposes, the benchmark by which most money managers compare their performance.

Then if you find an individual stock you want to trade, sell the appropriate amount of SPY to fund your trade, and when the trade is over, put that cash back into the SPY.  In this way, your money will always have market exposure, even if you aren't available to actively trade or simply aren't finding trade setups that you are confident will outperform.

Just remember, there's really no "one size fits all" trading strategy.  You need to find what makes you comfortable and will work for you.  Paper trading will help you develop that plan.


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OfflineEnkidu
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #27116645 - 12/30/20 04:12 PM (3 years, 29 days ago)

Thank ya kindly :hatsoff:

Appreciate all the help and advice a lot


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OfflinegeokillsA
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #27117702 - 12/31/20 07:44 AM (3 years, 28 days ago)

Doubled down on NIO, which is continuing its march to the top of its squeeze.

ENPH - Back into the mix, they will be added to the S&P500 on January 8, so should experience a tailwind of buying from funds that will be forced to allocate.  Bonus that it's already been a really strong stock (and I even use their IQ7 microinverters on my roof!).

AVTR - Looks kinda like NIO, still in the squeeze but threatening to breakout.

BIDU - Holding very strong after yesterday's monster move.

Those are my bogeys for the morning trade.


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OfflineCHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #27117944 - 12/31/20 10:19 AM (3 years, 28 days ago)

Yeah I wasn't aware of this BIDU till u mentioned it i can see why its getting gobbled up.


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OfflineEnkidu
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
    #27117982 - 12/31/20 10:39 AM (3 years, 28 days ago)

Might finally enter the stocks on this downtrend going on

A whopping $350 split between a etf and a choice stock :dancer:

Gotta start somewhere right?


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Offlinepslyke
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
    #27117999 - 12/31/20 10:45 AM (3 years, 28 days ago)

Compound growth dramatically favors those that start early. Good luck!


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"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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OfflineEnkidu
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: pslyke]
    #27118032 - 12/31/20 10:59 AM (3 years, 28 days ago)

Thank you man. Idk if 30 is considered earlt but i have high aspirations for myself and better than being 40 or 50 having never started... :hatsoff:


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OfflineThe OCB
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
    #27118202 - 12/31/20 12:03 PM (3 years, 28 days ago)

Strapped up in my mud boots.  Just casually hanging out in SDOW, SQQQ and UVXY.  I can't see through the storm clouds ahead.  And TSLA goes higher! 

What a time to be alive.


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InvisibleAhab McBathsalts
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: The OCB]
    #27118386 - 12/31/20 01:28 PM (3 years, 28 days ago)

SQQQ? The balls, son. I wish I had the balls to go short. There is froth in the market, but I can't do it.


It seems usually after Davos the leaders get their agenda straight for the rest of the year. I don't know how that will go this year with restricted travel. The things that are said in public aren't the same things said behind closed doors at those meetings.


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OfflineCHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
    #27118403 - 12/31/20 01:38 PM (3 years, 28 days ago)

BABA still tanking lol amazon down aswell


Edited by CHeifM4sterDiezL (12/31/20 01:38 PM)


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OfflineEnkidu
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
    #27118615 - 12/31/20 03:11 PM (3 years, 28 days ago)

Best stock for long term gold investment ?


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InvisibleAhab McBathsalts
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
    #27118651 - 12/31/20 03:33 PM (3 years, 28 days ago)

I love gold for a 10-20% chunk of your portfolio. GLD, GDX, CGL.C, MNT.to. Or buy coins. But I like paper gold for a chunk of your networth. It doesn't do much lots of years, and some years it does terrible, but it smooths everything out. It's a great hedge over the long term.


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OfflineEnkidu
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
    #27118656 - 12/31/20 03:35 PM (3 years, 28 days ago)

Awesome, thanks man.

Seems like a good protection and safety type of investment to fall back on if things go south with the dollar or inflation


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