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Hikeadellic
Fungi Fan



Registered: 08/31/20
Posts: 1,227
Loc: Appalachian Trail
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27174829 - 01/28/21 03:42 PM (3 years, 11 hours ago) |
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I'm still holding AMC, My market order for 8.50 a share got filled for 16 a share and I couldn't sell for profit because the trade got halted, Think im just going to hold until I see some profits
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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: Hikeadellic] 1
#27174853 - 01/28/21 03:53 PM (3 years, 11 hours ago) |
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Bud. Don't bag hold that shit. The theatres aren't even open. It was a pump and dump. It's probably going to zero.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Baby_Hitler
Errorist




Registered: 03/06/02
Posts: 27,587
Loc: To the limit!
Last seen: 4 hours, 20 minutes
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27174864 - 01/28/21 04:05 PM (3 years, 11 hours ago) |
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I started the process for drawing the money out of my company stock of the company that laid me off a few months ago. As far as I can tell, the separation agreement says I have a year to pull it out, or they keep it... or something. I didn't really understand the verbage. Anyway, it's about $4000. Not a bad return on my $880 from 2019. Hopefully the stock won't tank before I get my money.
I'm probably going to take that money and put it in an investment account. I think TD Ameritrade was the most popular service around here for that last time I asked. I have a lot to learn on stock trading, but it will probably be a few weeks before I get started. Suggestions on where I should go to get up to speed on all that?
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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The OCB
Stranger

Registered: 10/14/20
Posts: 86
Last seen: 2 years, 7 months
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27174884 - 01/28/21 04:16 PM (3 years, 10 hours ago) |
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Bagholding = no bueno
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 11 days
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Hikeadellic]
#27174892 - 01/28/21 04:19 PM (3 years, 10 hours ago) |
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Quote:
Hikeadellic said: I'm still holding AMC, My market order for 8.50 a share got filled for 16 a share and I couldn't sell for profit because the trade got halted, Think im just going to hold until I see some profits
Well rn its at like 12 something after hours. Not sure it will hold or go down or go to 1000
-------------------- 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: Baby_Hitler]
#27174939 - 01/28/21 04:58 PM (3 years, 10 hours ago) |
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B_H. Probably the best thing you can do would be to pick a target date fund, or throw 80% in a broad index like the VT, Vanguard Total World Index Fund. It isn't exciting, it isn't going to move a ton, but it's something you can move on while you learn and read a bit more. Then you can figure out what you want to do with that last 1k. There are some good ideas around here, but it takes a bit to get your feet wet and you gotta find out how you react to risk and volitility.
-------------------- "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]
#27174955 - 01/28/21 05:08 PM (3 years, 10 hours ago) |
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The compound has some of the best discussion for topics once a week, but that's kind of like a current events discussion as opposed to the learning.
https://www.youtube.com/channel/UCBRpqrzuuqE8TZcWw75JSdw
Two Cents has some good introductions to topics, but it's basic as fuck. But it's a starting point
https://www.youtube.com/channel/UCL8w_A8p8P1HWI3k6PR5Z6w
Jimmy Cramer is kind of a tool, and he has a terrible investing record. But I seem to remember enjoying his books when I was first getting into it. I seem to remember that it had an ok mix of stories from the 1980s when he was running a fund and introductory investing topics. Don't follow his TV show for advice on picks, but he has a softspot for the little guy even if he is a corporate shill.

Some other books like A random Walk down Wallstreet, The intelligent investor, any of Warren Buffet's books are good to read. They give you some fundamentals to pursue this hobby.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 11 days
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Baby_Hitler]
#27174995 - 01/28/21 05:34 PM (3 years, 9 hours ago) |
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Quote:
Baby_Hitler said: I started the process for drawing the money out of my company stock of the company that laid me off a few months ago. As far as I can tell, the separation agreement says I have a year to pull it out, or they keep it... or something. I didn't really understand the verbage. Anyway, it's about $4000. Not a bad return on my $880 from 2019. Hopefully the stock won't tank before I get my money.
I'm probably going to take that money and put it in an investment account. I think TD Ameritrade was the most popular service around here for that last time I asked. I have a lot to learn on stock trading, but it will probably be a few weeks before I get started. Suggestions on where I should go to get up to speed on all that?
Basically you have two options. Run it yourself or buy etf's and the like and let them run it.
The more you watch and get involved the quicker you'll pick it up. It seems like a lot at first but you can quickly get the swing of things.
My strategy is pay attention to whats going on in the world. In every sector. Then choose companies you're interested in, research them, see whats going on eith their news and their market, look at their revenue and earnings and growth, and invest in companies you believe in. Ones showing volume and price growth to match.
Or invest in funds that hold multiple companies and they basically do that for you.
There are different funds for every area and for long and short term and different risk levels.
Or choose your own stocks and create your own diversified fund or funds
You just need to get involved and watch shit.
I like webull a lot for trading. Has really good charts, decent analysis, check what sectors are performing well, where the volume is, and learn to read charts as best you can.
If you want long term investment then think forward and progressively and look at whats going on in the world and where things are trending toward.
If you dont want ti get involved choose sectors you want and buy etf that hold stock in them
If you run it then chances are its a bit higher risk higher reward. If someone else runs it chances are safer and slower growth (besides maybe those tech funds and those short term gainer funds type of thing)
Get involved
-------------------- Within You , Without You
      
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Kryptos
Stranger

Registered: 11/01/14
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27175030 - 01/28/21 05:57 PM (3 years, 9 hours ago) |
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What's the expert opinion on GME reaching a liquidity crisis today when trading was stopped?
As in, there were no shares left to buy.
Assuming this is not a photoshop, this guy sold at 2,600/share right before buying was stopped.
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 11 days
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Kryptos]
#27175190 - 01/28/21 07:51 PM (3 years, 7 hours ago) |
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Yeah fuck this shit
Ill hold what i bought but i dont think i have the energy to deal with pumping shit and bankrupting hedge funds.
Maybe ill just throw like $10 in anything they wana pump and consider it doing my part then forget about it and move on
That MP though...
-------------------- Within You , Without You
      
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 11 days
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Kryptos]
#27175196 - 01/28/21 08:01 PM (3 years, 7 hours ago) |
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Quote:
Kryptos said: What's the expert opinion on GME reaching a liquidity crisis today when trading was stopped?
As in, there were no shares left to buy.
Assuming this is not a photoshop, this guy sold at 2,600/share right before buying was stopped.
Looks like any ask is getting bid on cause its gone parabolic to infinity and the game gotta be shut down cause theres no funds for the sells. But idk.
-------------------- 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
#27175206 - 01/28/21 08:08 PM (3 years, 7 hours ago) |
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I'd say it was a problem with Robinhood's shitty software and they were having issues clearing, but who knows.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 11 days
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27175212 - 01/28/21 08:13 PM (3 years, 7 hours ago) |
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If short sellers have to buy stocks back and theres no stock left and you set a sell for any price and they need to buy it then it will get bid on starting lowest first ? or maybe idk wtf im talking about
Why would that order have been filled at all unless it was bid on
But i think at that point game is broken and they will shut shit down and maybe im missing something.
Im thinking maybe this shit has never happen before at this level but idk
But again maybe im way off
-------------------- Within You , Without You
      
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Kryptos
Stranger

Registered: 11/01/14
Posts: 12,263
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27175217 - 01/28/21 08:20 PM (3 years, 6 hours ago) |
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Robinhood's software is pretty great at making sure trades go through in the right order for big players to maximize profits. That's always been true, part of why I never used RH. Vanguard has been very nice to me.
Quote:
Enkidu said: Looks like any ask is getting bid on cause its gone parabolic to infinity and the game gotta be shut down cause theres no funds for the sells. But idk.
And if that happened, the stock market would have gone into a nuclear meltdown the likes of which would make 2008 look like a minor blip. Marker Makers would have needed to be bailed out, which means banks would have needed to be bailed out, which means insane stimulus, because once word spread that GME could sell at any price, everybody would be asking for millions per share. So they stopped it to protect the market and induce some panic sales. People were saying that sell limits at 10k were being outright rejected by RH and other platforms, which I think lends credence to this theory.
IDK. I don't think the squeeze is over yet. That big red candle you mentioned could be another after market attempt to trigger stop losses or otherwise artificially lower the price to force panic sales tomorrow morning.
We shall see, though. I dumped some spare cash into GME. Worst case, I lose a few k. Best case, I buy a Ferrari. Well, I wouldn't actually buy a Ferrari, I'd just be much closer to my 3.3M retirement goal.
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Kryptos]
#27175227 - 01/28/21 08:28 PM (3 years, 6 hours ago) |
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Yeah this shit cant go on.
Im all for the underdog but idk man.. How the fuck are they going to fix this shit?
Maybe we need to get rid of short selling altogether.
That shit seems like a huge fucking loophole scam anyway.
I can borrow a share and sell it to you then buy it for real later for cheaper and take the profit? Wtf? How is that not gambling on a loss and fucking the guy i sold to.
Seems like bs to me
Get rid of it and you wouldnt have to worry about someone beating you at your own game and turning you around and fucking you the way you tried to fuck us ya know?
I guess i dont even get it. How does that benefit the broke who let the guy borrow? They get a cut somewhere ?
-------------------- Within You , Without You
      
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Kryptos
Stranger

Registered: 11/01/14
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27175244 - 01/28/21 08:41 PM (3 years, 6 hours ago) |
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Yup. I believe the short seller has to pay for the privilege.
Personally, I'm okay with watching the financial system melt down completely. I'm young enough that I can take a wipeout, and I have a stable career that is completely unrelated. Kinda pisses me off that some idiot heir can live better than I ever will by virtue of inheritance, and that people that gamble with someone else's money make more than scientists and engineers that are providing societal value and creating the future.
I'm worried that the long term fallout will be additional restrictions on people like me, and not regulation of the players that keep fucking up the economy.
Then again, what do I know? I'm not a trader, I only invest because that's the only way to make enough money to live on without working until the day you die. And occasionally I dump spare cash I can afford to lose into dumb shit.
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CHeifM4sterDiezL
Chief Globerts

Registered: 07/28/10
Posts: 22,535
Loc: United States
Last seen: 16 minutes, 27 seconds
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27175252 - 01/28/21 08:49 PM (3 years, 6 hours ago) |
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Thats called trading on margin no its not a scam its actually a way to grow the economy. Getting rid of it would essentially mean a collapse of the entire world economy as theres more money in the derivatives market than the entire world or something ridiculous. I seriously don't get why you fucking people are so hell bent on fucking up the money for everyone. You really think you'll have a stable job in an economic collapse? Its not just heirs sitting around or whatever its working peoples entire lifetime of work nesteggs and everyones jobs and everything. Maybe learn how reality works. We havent had it this good in this country in a long time and you people just want to burn it down. Grow up.
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 11 days
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#27175269 - 01/28/21 09:04 PM (3 years, 6 hours ago) |
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Dude fuck off
If you want to add something useful fucking add it
Dont talk shit and act all high and mighty you fuck
Half your posts are gibberish nonsense anyway
Normally i dont have an issue with it but you can fuck off commenting about me
How about post something of educational value if we are missing something instead of talking shit
Take your own advice
-------------------- Within You , Without You
      
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 11 days
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27175290 - 01/28/21 09:22 PM (3 years, 5 hours ago) |
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We havent had it this good in this country in a long time?
This is completely off topic from stocks.
But why the fuck could a man with no college degree get a job and buy a house and support a family of 3 in the not too distant past when now days both parents have to work to hardly scrape by ?
But times are so fucking great right now..? Are you fucking kidding me?
Damn near have kids these days converted to socialism with a sick and obese population and times have never been better?
Maybe its you who needs to get in touch with reality cause idk wtf world you even live in right now but it must be vastly different from mine.
Why the fuck do you think im here? It sure as hell aint cause times are great and everything is fine and dandy.
Its because money dont get shit so youre only chance is try and throw it in something that will spew back more since you cant hardly get by
But fuck yeah man great times to live in.
Hope they get better for my kids sake
Cause this is one hell of a world we are living in right now. Probably on the verge of collapsing as it is
-------------------- Within You , Without You
      
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ManianFH
living in perverty



Registered: 07/06/04
Posts: 14,741
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27175453 - 01/29/21 12:49 AM (3 years, 2 hours ago) |
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Am choosing to put some aggressive stops on most of my positions for Friday. Maybe it’s all the back and forth about WSB, but the whole market seems to be in a frenzy. Even the VIX is waking back up to some highs.
Don’t take my words as motivation to do the same anyone, I’m a pretty novice trader and am probably overreacting, but just want to keep the money I’ve worked at, can always jump back in later!
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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