Anyone investing heavily this year??

[Thrill3Seeker]

As someone who makes his living trading, joining these signal groups is cool but you should want to learn to do the shit yourself. Just putting that out there.

You’re right. But.....folks gotta learn somewhere. YouTube videos and paper trading doesn’t always cut it.

There’s a lot of shitty groups out there. The good ones will teach you how to set up your own scans, make your own calls, and recognize entry and exit signals.

The real good groups will show live examples of candle patterns, volume, resistance, support, and momentum....and not charge you to answer questions.

I’ve made more in 2 months of trading than I will make all year at my job. I’m still learning everyday. Once I get the gist of options, I’ll be ready to cut the cord and invest full time.

 

[Thrill3Seeker]

Robinhood pm and ah trading is terrible to me. I get the same shit, pending all day and then canceled. I guess it depends on what time you place the bet too.

I use webull and think or swim. Webull is the best for premarket trading at 3am. I like TOS for charting. TOS starts PM trading at 6.

 

[Madrox]

I use webull and think or swim. Webull is the best for premarket trading at 3am. I like TOS for charting. TOS starts PM trading at 6.

Im consideting a move from eTrade to Webull. The former has been shaky and doesn't have before market or after hours trading like the latter.

Trying to find out whether or not:
Webull:

-requires a minimum account balance (in addition to the portfolio)
-has any sort of trade limits
-accepts transfers in kind from other brokerages

Might shoot CS an email with my situation.

 

[King_of_Posts]

You’re right. But.....folks gotta learn somewhere. YouTube videos and paper trading doesn’t always cut it.

There’s a lot of shitty groups out there. The good ones will teach you how to set up your own scans, make your own calls, and recognize entry and exit signals.

The real good groups will show live examples of candle patterns, volume, resistance, support, and momentum....and not charge you to answer questions.

I’ve made more in 2 months of trading than I will make all year at my job. I’m still learning everyday. Once I get the gist of options, I’ll be ready to cut the cord and invest full time.

I agree with all of this actually. And most signal groups are shit....I mean the VAST majority of them. Paper trading and tutorial videos will take you pretty far though......the issue I see is that most folks aren't willing to put in the time to make it happen. I did paper trades, research , and watched tutorials for 2 years before trying the real thing. After that, I made sure I could trade a full year making consistent profits and not blowing my account before I quit my regular gig.

99% of the people in here are looking to make fast money when it's a marathon and lets be honest, most will lose what they put in anyway due to inexperience. My lil NADEX thread I tried to get going on here wasn't very successful despite me showing how I make net 5 figures every month with proof. Most just wanted me to supply signals when I was trying to show them how to trade so I said fuck it and pretty much gave up.

In any event, I'm glad to hear you doing well and wish you and everyone else the best.

 

[Thrill3Seeker]

I agree with all of this actually. And most signal groups are shit....I mean the VAST majority of them. Paper trading and tutorial videos will take you pretty far though......the issue I see is that most folks aren't willing to put in the time to make it happen. I did paper trades, research , and watched tutorials for 2 years before trying the real thing. After that, I made sure I could trade a full year making consistent profits and not blowing my account before I quit my regular gig.

99% of the people in here are looking to make fast money when it's a marathon and lets be honest, most will lose what they put in anyway due to inexperience. My lil NADEX thread I tried to get going on here wasn't very successful despite me showing how I make net 5 figures every month with proof. Most just wanted me to supply signals when I was trying to show them how to trade so I said fuck it and pretty much gave up.

In any event, I'm glad to hear you doing well and wish you and everyone else the best.

Please drop any knowledge that you can bro.

I caught quite a few L’s when I first started a few years back. I withdrew all my money from TD Ameritrade and stopped trading.

When Corona hit, I needed an additional “side hustle” and started grinding and studying. As they say “a bought lesson is better than a taught lesson,” so I dove in headfirst with a $907 gamble on Sprint (before the TMobile merger).

I kept adding money from my job and my side Biz until I had a few stacks to trade/invest.

I had a few wins, a few losses, but I dedicated time throughout the day to study everything I could Regarding stocks, including daily volume, sentiment, what’s trending, market cap sizes, etc. Then I got the confidence to increase the size of trades, reduce losses, and play the chart for the maximum gain.

This is a unique time. Lots of money to be made. But I agree, you definitely gotta put in the work, and do your own due diligence.

Capital gains taxes is a totally different subject, but something important to discuss too.

 

[Thrill3Seeker]

Im consideting a move from eTrade to Webull. The former has been shaky and doesn't have before market or after hours trading like the latter.

Trying to find out whether or not:
Webull:

-requires a minimum account balance (in addition to the portfolio)
-has any sort of trade limits
-accepts transfers in kind from other brokerages

Might shoot CS an email with my situation.

You can start webull with as little as $100 to fund the account.

If your balance is below 25k, you get 3 day trades every 5 days.

You can transfer in from other brokerages.

 

[sickwidit]

You’re right. But.....folks gotta learn somewhere. YouTube videos and paper trading doesn’t always cut it.

There’s a lot of shitty groups out there. The good ones will teach you how to set up your own scans, make your own calls, and recognize entry and exit signals.

The real good groups will show live examples of candle patterns, volume, resistance, support, and momentum....and not charge you to answer questions.

I’ve made more in 2 months of trading than I will make all year at my job. I’m still learning everyday. Once I get the gist of options, I’ll be ready to cut the cord and invest full time.

I’d like in on the discord link as well. I’ve been studying the nuances of this whole thing just a few weeks so a ton to learn. Since I’m maxed out on my true retirement investments, this has become an interesting side hustle. I use Schwab and have been knee deep in their content along with a ton of stuff online about different variables, strategies and how to set up my own scanners. Doubled my money on CIDM before 10am . Not bad for a rookie!

Now I’m focused on getting more sophisticated on technical charting and trends. Will be here more often to share and learn

 

[sickwidit]

I'm thinking of jumping in XSPA in the morning. Anybody have that?

I got some more shares of $XSPA on Friday at $2.32 after initially in at $1.60 will see if pre-market hits my sell target, if not will probably hold til they drop a new PR by end of week.

Oil is trending up so seeing if I can get into $CHAP and $VAL in pre-market on Monday before they get above $1. $PRTY also has their earnings Friday and have been steadily moving up. If I can’t get into Oil will probably double down on that.

 

[d_the_inc]

I agree with all of this actually. And most signal groups are shit....I mean the VAST majority of them. Paper trading and tutorial videos will take you pretty far though......the issue I see is that most folks aren't willing to put in the time to make it happen. I did paper trades, research , and watched tutorials for 2 years before trying the real thing. After that, I made sure I could trade a full year making consistent profits and not blowing my account before I quit my regular gig.

99% of the people in here are looking to make fast money when it's a marathon and lets be honest, most will lose what they put in anyway due to inexperience. My lil NADEX thread I tried to get going on here wasn't very successful despite me showing how I make net 5 figures every month with proof. Most just wanted me to supply signals when I was trying to show them how to trade so I said fuck it and pretty much gave up.

In any event, I'm glad to hear you doing well and wish you and everyone else the best.

Bruh...would you consider that again?

 

[DC_Dude]

Bruh...would you consider that again?

I agree with all of this actually. And most signal groups are shit....I mean the VAST majority of them. Paper trading and tutorial videos will take you pretty far though......the issue I see is that most folks aren't willing to put in the time to make it happen. I did paper trades, research , and watched tutorials for 2 years before trying the real thing. After that, I made sure I could trade a full year making consistent profits and not blowing my account before I quit my regular gig.

99% of the people in here are looking to make fast money when it's a marathon and lets be honest, most will lose what they put in anyway due to inexperience. My lil NADEX thread I tried to get going on here wasn't very successful despite me showing how I make net 5 figures every month with proof. Most just wanted me to supply signals when I was trying to show them how to trade so I said fuck it and pretty much gave up.

In any event, I'm glad to hear you doing well and wish you and everyone else the best.

Yeah would you think about doing this again?? I know how the stock market and it's the long game. I just purchased the following books:

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)

Willing to devote atleast a hour day to learning more about the stock. Just need a little guidance..Willing to support also.

 

[sickwidit]

Yeah would you think about doing this again?? I know how the stock market and it's the long game. I just purchased the following books:

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)

Willing to devote atleast a hour day to learning more about the stock. Just need a little guidance..Willing to support also.

I read that book by Bogle and that is the basis of pretty much my entire investing methodology: Diversification, low fees and patience. The 401k Millionaire approach. Most of my money is in Vanguard or Vanguard like holdings where you bet on the market not try to beat it. Strictly buy and hold and let compound interest do the rest. I’ve found this approach to be extremely effective but also slow and boring. I rarely ever look at my holdings and don’t care about individual stocks because their all inside various low cost mutual funds.

However, day trading / swing trading is like another animal with the trend analysis, short hold times, new watch lists, and sudden impact from daily events. I’m finding I have to think a bit differently about this. It’s pretty fun but very high risk. I’d say swing trading accounts for maybe 0.1% of my portfolio but has ability to grow to 1% quickly if I do it right.

Overall, I doubt day trading would beat the Bogle method over long periods of time but it’s certainly more interesting.

Sounds like you are deciding which investing style will be your primary approach...If you follow Bogle you won’t be quitting your job anytime soon but it will pay off big time in the end if you stick with the fundamentals.

 

[DC_Dude]

I read that book by Bogle and that is the basis of pretty much my entire investing methodology: Diversification, low fees and patience. The 401k Millionaire approach. Most of my money is in Vanguard or Vanguard like holdings where you bet on the market not try to beat it. Strictly buy and hold and let compound interest do the rest. I’ve found this approach to be extremely effective but also slow and boring. I rarely ever look at my holdings and don’t care about individual stocks because their all inside various low cost mutual funds.

However, day trading / swing trading is like another animal with the trend analysis, short hold times, new watch lists, and sudden impact from daily events. I’m finding I have to think a bit differently about this. It’s pretty fun but very high risk. I’d say swing trading accounts for maybe 0.1% of my portfolio but has ability to grow to 1% quickly if I do it right.

Overall, I doubt day trading would beat the Bogle method over long periods of time but it’s certainly more interesting.

Sounds like you are deciding which investing style will be your primary approach...If you follow Bogle you won’t be quitting your job anytime soon but it will pay off big time in the end if you stick with the fundamentals.

Thanks for the insight my G

 

[Madrox]

Yeah would you think about doing this again?? I know how the stock market and it's the long game. I just purchased the following books:

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)

Willing to devote atleast a hour day to learning more about the stock. Just need a little guidance..Willing to support also.

I read that book by Bogle and that is the basis of pretty much my entire investing methodology: Diversification, low fees and patience. The 401k Millionaire approach. Most of my money is in Vanguard or Vanguard like holdings where you bet on the market not try to beat it. Strictly buy and hold and let compound interest do the rest. I’ve found this approach to be extremely effective but also slow and boring. I rarely ever look at my holdings and don’t care about individual stocks because their all inside various low cost mutual funds.

However, day trading / swing trading is like another animal with the trend analysis, short hold times, new watch lists, and sudden impact from daily events. I’m finding I have to think a bit differently about this. It’s pretty fun but very high risk. I’d say swing trading accounts for maybe 0.1% of my portfolio but has ability to grow to 1% quickly if I do it right.

Overall, I doubt day trading would beat the Bogle method over long periods of time but it’s certainly more interesting.

Sounds like you are deciding which investing style will be your primary approach...If you follow Bogle you won’t be quitting your job anytime soon but it will pay off big time in the end if you stick with the fundamentals.

I'm at similar stage in my investing journey. After doing a lot of research the past few years (YouTube, articles, rn I'm in the middle of Unshakeable by Tony Robbins and Rich Dad Cash Flow Quadrant....and have the 2 books above next on deck), I mentioned in another post that I've opened up both a brokerage account (Dividend Stocks) and an IRA with M1 (4 Vanguard ETFs) and intend to go slow and steady with dollar cost averaging there. Monthly deposits in both and let it grow so I have some options at the end of this 3-5 year plan. I have an eye on finally investing in some Real Estate, whether its via House Hacking or some other way. I BELIEVE I'll have the option of converting the IRA to a Self Directed one and invest in RE using that. But still researching and learning as I go...

Having said that, I now consider my eTrade portfolio my ticket to learning how to day trade and grow my money using house money. Its a small account but I want to LEARN how to grow it proper.... so the chatter here and the resources provided in the Discord room (and possibly the NADEX thread?) are much appreciated.

 

[Madrox]

I've been half-steppin for a few weeks but finally bought a few shares now. Gonna hold and see what's hood.

Btw last week I finally opened an account with M1 after doing a bunch of research, I really like the set up and fractional shares. It lets me finally get in on some of the big boys based on my amount to invest (which is to say, not stacks n racks).

I opened a brokerage / dividend account with:

$PEP
$COF
$BA
$NVDA
$CVS
$IBM

..and a separate IRA with these etfs:

$VOO (S&P500)
$VXUS (International)
$VYM (High Yield Dividend)
$VNQ (Real Estate)

..and plan to dollar cost avg both accounts, which is SUPER easy with M1....So far so good

For fun/knowledge, I'll try to remember to update my journey on a monthly basis. It's been about a month since I started investing with M1, here's what it looks like so far:

(Since May 8th)

Dividend Account - 26% Return

$PEP - up 1%
$COF - up 31%
$BA - up 69%
$NVDA - up 15%
$CVS - up 12%
$IBM - up 11%
$SPYG (added mid Month) - up 3%
$WMT (added a few weeks ago, manual transfer from eTrade) - down 1%
$XOM (added a few weeks ago, manual transfer from eTrade) - up 12%

IRA - 13% Return

$VOO (S&P500) - up 12% / Portfolio Allocation 30 %
$VXUS (International) - up 13% / Portfolio Allocation 20 %
$VYM (High Yield Dividend) - up 14% / Portfolio Allocation 30 %
$VNQ (Real Estate) - up 15% / Portfolio Allocation 20 %

...I try to get my boys to see this as a way of growing your savings, even if you intend it to be shorter term, vs having all of your money sitting in a savings account. There is risk obviously, but I feel like if folks did a little bit of research on stocks - esp the companies they actually USE - and ETFs they would get over that fear given the potential returns. Not to mention the flexibility.

At worst, I view these as super high yield savings accounts that I actually have control over. Is my thinking flawed?

 

[sickwidit]

For fun/knowledge, I'll try to remember to update my journey on a monthly basis. It's been about a month since I started investing with M1, here's what it looks like so far:

(Since May 8th)

Dividend Account - 26% Return

$PEP - up 1%
$COF - up 31%
$BA - up 69%
$NVDA - up 15%
$CVS - up 12%
$IBM - up 11%
$SPYG (added mid Month) - up 3%
$WMT (added a few weeks ago, manual transfer from eTrade) - down 1%
$XOM (added a few weeks ago, manual transfer from eTrade) - up 12%

IRA - 13% Return

$VOO (S&P500) - up 12% / Portfolio Allocation 30 %
$VXUS (International) - up 13% / Portfolio Allocation 20 %
$VYM (High Yield Dividend) - up 14% / Portfolio Allocation 30 %
$VNQ (Real Estate) - up 15% / Portfolio Allocation 20 %

...I try to get my boys to see this as a way of growing your savings, even if you intend it to be shorter term, vs having all of your money sitting in a savings account. There is risk obviously, but I feel like if folks did a little bit of research on stocks - esp the companies they actually USE - and ETFs they would get over that fear given the potential returns. Not to mention the flexibility.

At worst, I view these as super high yield savings accounts that I actually have control over. Is my thinking flawed?

Makes sense to me regarding the super high yield savings equivalent given the 3-5 year time horizon. Anything shorter than that probably not worth the risk in either account.

I’ve been using my experiences with stocks etc to teach my 7 year old daughter about assets and liabilities and how to think through understanding the value of a trade. Fun to get the kids thinking about it. No one told me shit til I was already working full time

 

[Madrox]

Makes sense to me regarding the super high yield savings equivalent given the 3-5 year time horizon. Anything shorter than that probably not worth the risk in either account.

I’ve been using my experiences with stocks etc to teach my 7 year old daughter about assets and liabilities and how to think through understanding the value of a trade. Fun to get the kids thinking about it. No one told me shit til I was already working full time

...a lot of us in that same boat. I'm def late I should've been done this right outta college (Im 41)... Much of this stuff isn't, but should be required curiculum. At the same time I put a lot of the blame on my own shoulders for not being as conscientious as I should have been. But better late than never.

 

[trappstarr82]

I got some more shares of $XSPA on Friday at $2.32 after initially in at $1.60 will see if pre-market hits my sell target, if not will probably hold til they drop a new PR by end of week.

Oil is trending up so seeing if I can get into $CHAP and $VAL in pre-market on Monday before they get above $1. $PRTY also has their earnings Friday and have been steadily moving up. If I can’t get into Oil will probably double down on that.

Yea I got in on VAL at .56 and ot closed at .93 Friday. I think i will set SL at .83 just in case.

 

[Supersav]

rather have my money in my trading account then in a savings

 

[sickwidit]

rather have my money in my trading account then in a savings

Only wise if you already have a emergency fund. If not you could get stuck if the market goes down suddenly

 

[havelcok]

...a lot of us in that same boat. I'm def late I should've been done this right outta college (Im 41)... Much of this stuff isn't, but should be required curiculum. At the same time I put a lot of the blame on my own shoulders for not being as conscientious as I should have been. But better late than never.

its only recently that trading has been so easily accessible

most people had to rely on "a guy"
that how we got the maddoffs

and also most people in their 30's/40's are still recovering from 08
so a lot of people didnt have confidence in the market....

I keep mine simple
outside of 401k
i hold long

vfifx- taxable- up 5%
TDOC- up 5%
jumia- i took a huge loss on this i think something like 80 % loss- good thing i only spent 500$
bitcoin- i just keep buying
citrix 2%

going to open a 529k for baby and buy vstax

 

[moblack]

Do y’all think Monday will be a red or Green Day ?

 

[HellBoy]

Do y’all think Monday will be a red or Green Day ?

Setting up my OCOs for a green day.

 

[Thrill3Seeker]

Do y’all think Monday will be a red or Green Day ?

Green. Definitely.

Oil stocks have been running in pre market.

 

[Thrill3Seeker]

GNUS dropped PR today regarding the short sellers news articles

Genius Brands International Responds to Misleading Short Seller Criticisms

www.gnusbrands.com

 

[Coldchi]

that was a great call on $XOG on Friday. I bought 600 shares at $0.47
its at $1.13 right now and running....

 

[Thrill3Seeker]

that was a great call on $XOG on Friday. I bought 600 shares at $0.47
its at $1.13 right now and running....

That’s good shit bro. Make your money. Protect your profits.

 

[HellBoy]

Premarket run for ENOB was great.

 

[xfactor]

FYI brothas -

the ticker for the company in the Cintron hit piece that they said is more valuable than $GNUS is $WLDBF. It may run as a sympathy play.

GNUS dropped PR today regarding the short sellers news articles

Genius Brands International Responds to Misleading Short Seller Criticisms

www.gnusbrands.com

 

[xfactor]

Pissed me off early this morning. I need web bull account but I’ve been with E*TRADE so long

What else are you using for a broker account?

 

[xfactor]

@Thrill3Seeker :
agreed on Andrew Left.
Cintron and Adam Feuerstein are true pieces of shit... along with Jim Cramer

 

[xfactor]

The REITs all ran hard today.

 

[xfactor]

Drone stocks should be running today due to white rioting:

$DGLY
$UAVS
$VISL

Bump!

$DGLY been running hard today.

 

[babydaddy]

Man hertz not playing around

 

[hottmixx]

What else are you using for a broker account?

I just opened a web bill account. I’m only going to transfer 5000 into it for now because I want to catch pre market day trades. Just one good pre market flip per week is good for me. E*TRADE won’t let you do anything until 8:30 on the dot central time. I won’t be greedy. I’m up 5,678 on GUSH today. I’m riding GUSH as long as I can.

 

[baboss2212]

How much do I need to intially invest in an ETF?