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Ok, so how many of you crazy fuckers trade stocks?

jessiebitch said:
I made 7.5 times as much on trading last year as I did on my salary.
2020 was a tough year for so many people but financially far and away changed my situation
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I just wish i bought more CPSH whennit was 1.76, itll hit 30 by months end ill wager
 
shadow5473 said:
Always wanted to get into stocks, never knew where to really start learning the ins and outs. Don't want to be dumb like the Gamestop people using Robinhood.
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Believe it or not, i just started googling best penny stocks today, then id look the info up and if the price was low enough to not lost my ass if it tanked, id buy in and see where it went
 
shadow5473 said:
Always wanted to get into stocks, never knew where to really start learning the ins and outs. Don't want to be dumb like the Gamestop people using Robinhood.
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Same here. And then there's the tax thing. I really should have taken the time to learn because look at jessiebitch - 7.5x her salary playing with stocks. Awesome.
About 6 months ago a friend was bugging me to buy WNDW. He's done so before a few years ago and the stock did nothing. But in the last 6 months it went from around $3.50 to $19. Last I looked it was around $16. I missed that boat due to my lack of knowledge and not wanting to gamble.
 
ValleyCowboy said:
Same here. And then there's the tax thing. I really should have taken the time to learn because look at jessiebitch - 7.5x her salary playing with stocks. Awesome.
About 6 months ago a friend was bugging me to buy WNDW. He's done so before a few years ago and the stock did nothing. But in the last 6 months it went from around $3.50 to $19. Last I looked it was around $16. I missed that boat due to my lack of knowledge and not wanting to gamble.
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Thats how I am with CTRM, bought 4k at .35 and 2500 more at about 1.40, so im in at an average of about .66 per share. I have a sell order in if it reaches 2.50 and a stop sell orderif it falls to 1.20
If nothing else I'll double the 4k ive invested
 
Gunslinger1X said:
Thats how I am with CTRM, bought 4k at .35 and 2500 more at about 1.40, so im in at an average of about .66 per share. I have a sell order in if it reaches 2.50 and a stop sell orderif it falls to 1.20
If nothing else I'll double the 4k ive invested
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What would the tax obligation be on something like that?
 
Gunslinger1X said:
just curious, its a newer hobby of mine
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Hey- do you think you could show me the ropes? I really want to start investing, but I'm not sure how- I signed up for a Robinhood account and bought bitcoin for $ 100, but I don't seem to be making much on it- it's now $ 130, but I'm not sure where to take it from there- I don't want to be super rich, just have a little extra income - any advice is much appreciated, and yeah, I get it that you're not gonna give me professional financial advice- thanks
 
I just started playing around with investing outside of my 401 and IRA and I am having a bit of fun playing around with it. What apps / websites are you high rollers using to manage your shares?
 
Amateur day trader here, When the pandemic hit I took a step back preferring to bide my time rather than play with speculation. I realize there is plenty of opportunity to make money but I decided better to ride it out rather than trade in an unfamiliar situation.
 
zooinspain said:
Hey- do you think you could show me the ropes? I really want to start investing, but I'm not sure how- I signed up for a Robinhood account and bought bitcoin for $ 100, but I don't seem to be making much on it- it's now $ 130, but I'm not sure where to take it from there- I don't want to be super rich, just have a little extra income - any advice is much appreciated, and yeah, I get it that you're not gonna give me professional financial advice- thanks
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I'm in no position to teach anyone, I'm still figuring it out myself.

I dont play with Crypto because my account type wont allow it, so definately cant help there.

If ypu look.at the image i posted, you can get an idea of how i dabble about rather than going all in on any one stock.
The 2 I'm heavy in were bpught when the prices were so low that buying 4k shares was no big deal.

Those are the ones i look for when hunting to buy more.
 
Yh since the pandemic, I've started, got some friends who do this for a living, so mostly ride off their advice, stonkz is easy money.
Anyone get on on GME or AMC before the short?

@Gunslinger1X Impressive portfolio
 
I've been in the markets for a long long time.
Primarily I write options as about 85% expire worthless.
Nice steady income stream from that.
 
Rule 1. Don't put anything on the table you aren't prepared to lose, I don't care how many people or books or videos or seminars try to tell you all you have to do is X. At the end of the day it is ALWAYS a risk and the best thing you can do is manage your expectations and know your risks.

Rule 2. Don't buy anything based on your own emotions or brand loyalty or because joe blow says so, If you are buying into a position it is because you have done your research and you recognize for yourself where the potential entry and exit points are. For a professional investor looking to hold long positions this usually involves extensive background research into the financials of the company, For an average joe you are likely going to be less informed and will be slower to get in and out while making a profit and for a day trader like myself EVERY SECOND COUNTS because I'm making my decision based on recognized patterns in the market and human behavior.

Rule 3. Be prepared to lose in the process of learning and don't give up the first time that you do, This isn't to say you should just keep throwing money at it either without considering WHY your were successful or failed. Each trade is absolutely a learning opportunity and you would be a fool to let it pass unnoticed.
 
Yea I do stocks, but I do cryptocurrency more since I've been making more money with that
 
I have a friend that does it for a living.

He only actually trades on a quarterly basis, and he spends the rest of his time researching, reading through news cycles where experts are discussing their projections, and evaluating which ones of those experts were really right during the last cycle. He is a risk-averse trader, which is really the most usual. I tried to talk with him about possibly making my own projections, but he correctly criticized this idea: I am really up against some of the most talented minds in the world, and trying to outsmart them with home-brew projections is not really as intelligent of a strategy as learning more about which people I ought to listen to and how I should go about identifying which people I ought to listen to.

However, one of the best ideas that he shared with me was the idea of using a sort of sandbox account, something of the sort of which is available through most services to include Merrill Lynch, and the idea of such an account is that you can make bets on which stocks are going to perform well using virtual money. Therefore, my instinct would be to say to start out my investment career by simply putting down my real money in relatively safe blue chip stocks, keep it there, and spend a few quarters experimenting with higher risk or more experimental investment strategies. This would give me an idea of what instincts I should listen to and which instincts were really self-injurious gut reactions or half-baked theories that did not really turn out to be cakes when fully baked.

That is not really coming from me, but it's coming from someone who is a legit millionaire and makes his living off of this. I think that I put very little interpretation or translation onto what I gathered from this guy. You can take that for what it is worth.
 
SigmatoZeta said:
I have a friend that does it for a living.

He only actually trades on a quarterly basis, and he spends the rest of his time researching, reading through news cycles where experts are discussing their projections, and evaluating which ones of those experts were really right during the last cycle. He is a risk-averse trader, which is really the most usual. I tried to talk with him about possibly making my own projections, but he correctly criticized this idea: I am really up against some of the most talented minds in the world, and trying to outsmart them with home-brew projections is not really as intelligent of a strategy as learning more about which people I ought to listen to and how I should go about identifying which people I ought to listen to.

However, one of the best ideas that he shared with me was the idea of using a sort of sandbox account, something of the sort of which is available through most services to include Merrill Lynch, and the idea of such an account is that you can make bets on which stocks are going to perform well using virtual money. Therefore, my instinct would be to say to start out my investment career by simply putting down my real money in relatively safe blue chip stocks, keep it there, and spend a few quarters experimenting with higher risk or more experimental investment strategies. This would give me an idea of what instincts I should listen to and which instincts were really self-injurious gut reactions or half-baked theories that did not really turn out to be cakes when fully baked.

That is not really coming from me, but it's coming from someone who is a legit millionaire and makes his living off of this. I think that I put very little interpretation or translation onto what I gathered from this guy. You can take that for what it is worth.
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Sims are a great way to practice and train your instincts but if you are going to use a sim make sure its using real market data. Also make sure you are limiting the sim to fit your actual trading conditions such as available fund and trading fees. Its easy to make money in a sim with 500k and no trading fees but won't teach you nearly as much as trading under real conditions.
 
Hey, I need to get into stocks. If anyone is making money off of it then please, recommend the best book out there for getting started and making a profit. I need something that is easy to understand and has really awesome profitable advice.

I have read too many books that didn't tell me anything or made it overcomplicated.
 
Alpha Cat said:
Hey, I need to get into stocks. If anyone is making money off of it then please, recommend the best book out there for getting started and making a profit. I need something that is easy to understand and has really awesome profitable advice.

I have read too many books that didn't tell me anything or made it overcomplicated.
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As with any skill it takes time and practice to learn, there are MANY methods of trading and they all come with varying risk/reward and skill needed to be profitable. I recommend taking the time to determine your financial situation and time available to trade then do some research on the varying types of trading to find one that will fit both our budget and time constraints. Once you've done that you should study that particular method of trading and ensure you have a good basic understanding of the process as they are each different. When you are confident in your choice and basic understanding then find a trading platform that meets your needs and open a demo account, This will often allow you to familiarize yourself with the platform and begin trading with "play money" so you can practice before spending real money. When you feel you are ready then jump in with a real account and see how it goes.
 
i'm invested in the market but stick to mutual funds and more specifically generally index funds. i don't mind risks but don't have time to devote to my stock picks on a regular basis
 
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