OT: Stock trading

[casual-yardin]

My views are not shaped by the mainstream media. Thanks though. The Amazon’s of the world have decimated local economies. They are profit-oriented machines. They seek tax breaks AND subsidies. They open fulfillment centers and fill them with part-time workers. They gobble up and stymie competition. We used to break up such monopolies and now they are essentially propped up. Bezos earns something like $1,000 per second. He donates .0008% of his net worth and people clap. It’s like me or you donating $7. He gets zero credit for paying people below living wages of $15/hr. Try living in CT taking home $450/week. And how long until you can’t even leave the house without giving them money? Soon enough they’ll own the sidewalks and the air.

I also have a brother who has worked for Walmart, Walgreens, Subway, and Amazon, and he said Amazon treated their employees the worst out of those four. Walgreens was the best.

Amazon is not a monopoly. Not even close.

 

[HobokenHusky]

 

[huskyrob1]

I thought I was pretty good at trading back in 2000-01. After being out 20 years, I chose a great time to get back in at the lows but with the ever changing landscape and Covid, this has been a historically difficult time to trade. I held part of Amazon position and FIVN through their earnings recently, only to see them get hammered the next day. What I’m learning is on true trading, selling right before earnings are released and cashing out by 4 PM are sound strategies. There are too many after hours economic updates from Europe, Asia, and pre market job reports that can really affect the open the following day. Couple that with drug and vaccine updates, as well as state reopenings and you’ve got a recipe for huge volatility. As we get further into this thread, I’d love to start sharing the tools we’re using. I personally use Schwab’s trading platform and stockcharts.com but would love some better deals, particularly with regard to news affecting each stock.

I wish over the years I had had more confidence in some of my trades. In 2001 Amazon's stock price crashed down to $6 per share after reporting a horrendous quarter. I was smart enough to pick up some shares at $6.50 and thought I was a genius when I sold them for $18.

 

[buddy]

I wish over the years I had had more confidence in some of my trades. In 2001 Amazon's stock price crashed down to $6 per share after reporting a horrendous quarter. I was smart enough to pick up some shares at $6.50 and thought I was a genius when I sold them for $18.

A lot of it has to do with your age. Timing of the market is very difficult. If you are young and have 20-30 years to recover, then you may do well with individual stocks. I believe that blue chip funds and mixture of stock and bond funds, with low expenses, would be best if you are at or approaching retirement. I also have always believed in tech and health care funds as reliable options. Neither of those industries will be going away. You want to minimize the ups and downs by having a balanced portfolio of stocks and bonds, especially if you are at or nearing retirement.

 

[tentoes4rings]

I wish over the years I had had more confidence in some of my trades. In 2001 Amazon's stock price crashed down to $6 per share after reporting a horrendous quarter. I was smart enough to pick up some shares at $6.50 and thought I was a genius when I sold them for $18.

I remember in 2000 my dad used to always say Bezos was a nerd who would never make a profit. Don’t know why I was never in the stock until recently. Next pullback I will get back in and hold for life.

 

[ClifSpliffy]

Confidence from within the company that they will attract top innovators.



Amazon is not the evil company many make it out to be. If you only listen to the media then sure the warehouses are hell on earth. But I know lots and lots of people who work in them full-time and they say people enjoy working there. They were one of the first major corporations to bump their minimum wage to $15 and they will go to $16-17 if $15 becomes the norm. They have a real plan in place to run solely on renewable energy by 2030 and will become carbon neutral by 2040. They’re investing the entire $4 billion of their Q1 profit into helping fight the virus and keep their employees safe. They are far from perfect, as is almost every company but they’re not as evil as the mainstream media wants you to believe.

liked for the amazon part. not the other stuff.

 

[UConnStats]

If anyone wants to have a little coronavirus fun with a penny stock I think $MARK actually has some legs and should see more hype with their upcoming earnings call.

 

[the Q]

I wish over the years I had had more confidence in some of my trades. In 2001 Amazon's stock price crashed down to $6 per share after reporting a horrendous quarter. I was smart enough to pick up some shares at $6.50 and thought I was a genius when I sold them for $18.

My corporate law professor, legit rock star in his field, thought he was smart for selling Apple at like $50 After buying it under 20.

 

[FlakeyFoont]

The best way to end up with a million dollar stock portfolio? Start with two million.

 

[JimHurley]

If anyone wants to have a little coronavirus fun with a penny stock I think $MARK actually has some legs and should see more hype with their upcoming earnings call.

GERN is another penny I’ve been watching for a while. Almost pulled the trigger in mid March at $0.90 but didn’t. Today it’s at $1.31!!

 

[huskyrob1]

GERN is another penny I’ve been watching for a while. Almost pulled the trigger in mid March at $0.90 but didn’t. Today it’s at $1.31!!

GERN is a bio tech company that I followed in the late 90's and early 2000's. They have never had any success but continue to burn through cash. I would be very careful. Check out the Medical Technology Stock Letter run by John McCamant, I think they used to follow Geron, but my guess is now with the company being a penny stock they no longer do, but you never know. MTSL follows about 20 bio tech start ups, as well as established ones, with recommendations for each. The letter comes out once a month, and each week there is an audio update that you can call in to.

 

[superjohn]

GERN is another penny I’ve been watching for a while. Almost pulled the trigger in mid March at $0.90 but didn’t. Today it’s at $1.31!!

I lost a lot of money on that stock a couple years ago.

 

[JimHurley]

GERN is a bio tech company that I followed in the late 90's and early 2000's. They have never had any success but continue to burn through cash. I would be very careful. Check out the Medical Technology Stock Letter run by John McCamant, I think they used to follow Geron, but my guess is now with the company being a penny stock they no longer do, but you never know. MTSL follows about 20 bio tech start ups, as well as established ones, with recommendations for each. The letter comes out once a month, and each week there is an audio update that you can call in to.

Yeah, my days of following that are just about done. I was only interested in it below $1.

I lost a lot of money on that stock a couple years ago.

Around summer 2018? I owned it briefly and sold at a nice profit. The next week it dropped over 70%. Since then I’ve largely done away with stocks under $20.

 

[the Q]

Yeah, my days of following that are just about done. I was only interested in it below $1.



Around summer 2018? I owned it briefly and sold at a nice profit. The next week it dropped over 70%. Since then I’ve largely done away with stocks under $20.

There are a few buys under 20 left out there imo. But they’re not legitimately $20 stocks.


I’m still pissed I missed out on ozk when it dropped to like 16.

 

[DaveHuskiesFan]

Anyone have any big misses? When I first started trading out of college in 2013, I was short term trading. Now I mainly buy and hold.

My first trade ever was 700 shares of AMRN at $1.61 a share. Sold it at $2.20. It recently traded at $24. Would have been a $16K gain.

Same year I bought 34 shares of DXCM at $32.58/share. Sold at $34. Trading at $405 now. $12,000 gain.

Bought $660 shares of CVM at $.62 sold at $.90. Trading at $14.22 today. $9k gain.

Lots of other early sells which would have netted $3-8k range gains as well. NVAX, PLUG, BBY.

 

[the Q]

Anyone have any big misses? When I first started trading out of college in 2013, I was short term trading. Now I mainly buy and hold.

My first trade ever was 700 shares of AMRN at $1.61 a share. Sold it at $2.20. It recently traded at $24. Would have been a $16K gain.

Same year I bought 34 shares of DXCM at $32.58/share. Sold at $34. Trading at $405 now. $12,000 gain.

Bought $660 shares of CVM at $.62 sold at $.90. Trading at $14.22 today. $9k gain.

Lots of other early sells which would have netted $3-8k range gains as well. NVAX, PLUG, BBY.

Making profits aren’t misses imo. You’re just getting base hits instead of home runs.

But that’s the other thing that makes trading hard. You miss out on big hits because youre moving in and out of positions too quickly

 

[StllH8L8ner]

Making profits aren’t misses imo. You’re just getting base hits instead of home runs.

But that’s the other thing that makes trading hard. You miss out on big hits because youre moving in and out of positions too quickly

"Any profit is good profit"

 

[huskyrob1]

There are a few buys under 20 left out there imo. But they’re not legitimately $20 stocks.


I’m still pissed I missed out on ozk when it dropped to like 16.

There are several in the commodities sector. Check out Freeport McMoran. Pays a dividend and is the largest copper miner in the world, also the world's largest miner of molybdenum, also mines 10-20% of all the gold in the world. Symbol is FCX. Commodities have gotten crushed since the boom in the early 2000's. Also check out CF Industries if you're into farming stocks, symbol is CF.

 

[browndog319]

Gilead would be a great move. I called it before remdesivir studies looked positive and now that they look pretty good and the approval is secure, it seems even better. They also have other good products.
Today alone they’re up almost $3 or over 3% (and the rest of the market is down...biotech stocks are usually pretty solid as well.

 

[McLovin]

When

Anyone have any big misses? When I first started trading out of college in 2013, I was short term trading. Now I mainly buy and hold.

My first trade ever was 700 shares of AMRN at $1.61 a share. Sold it at $2.20. It recently traded at $24. Would have been a $16K gain.

Same year I bought 34 shares of DXCM at $32.58/share. Sold at $34. Trading at $405 now. $12,000 gain.

Bought $660 shares of CVM at $.62 sold at $.90. Trading at $14.22 today. $9k gain.

Lots of other early sells which would have netted $3-8k range gains as well. NVAX, PLUG, BBY.

When I first got into investing I was the same way. Never would have had winners like yours, but If I made like 20% on something I’d probably sell it all to “lock in” the gains. The problem is, I was just as impatient when stocks when down, so for a number of years it was a zero sum game. As my confidence in my ability has grown, my patience to buy and hold has also grown. Now I basically only sell something if my strategy (segments) or the stock itself has fundamentally changed.

 

[Towney007]

My big gains have been in mobile gaming. GLUU and ZNGA have been very, very good to me and they're super cheap stocks you can pile on now.

I'm mostly a dividend guy right now. Best investment you can possibly make is erasing any debt you can and trading slow growth. I'm in a boatload of High Dividend yield ETF's and REITS. TIPS are great if you're worried about inflation. Outside of that, I hate giving people investment advice especially at a time like this where legit you could roll in it tomorrow or be up the creek. That an your investment strategy needs to be yours, not someone else's. Don't go looking around for a pat on the back or reassurance. Do your homework, too.

But generally speaking, you won't get rich, but you'll get growth, better your financial future and protect yourself against volatility in general doing the mix I suggested above. It's not full proof, nothing is - but it's your best bet if you want to start investing well, learn the ropes, etc. And I mean there's huge limitations to Robin Hood, but there's always something to tossing $100-$200 on there and just messing around with low-dollar stocks. If you lose it,consider it an investment in your education. Honestly - that's mostly how I learned about the market. By just doing it. Made some hilariously stupid and naive mistakes - but also made some really good ones. Just don't ever get in over your head until you've really got a handle on what you're doing.

 

[tentoes4rings]

My big gains have been in mobile gaming. GLUU and ZNGA have been very, very good to me and they're super cheap stocks you can pile on now.

I'm mostly a dividend guy right now. Best investment you can possibly make is erasing any debt you can and trading slow growth. I'm in a boatload of High Dividend yield ETF's and REITS. TIPS are great if you're worried about inflation. Outside of that, I hate giving people investment advice especially at a time like this where legit you could roll in it tomorrow or be up the creek. That an your investment strategy needs to be yours, not someone else's. Don't go looking around for a pat on the back or reassurance. Do your homework, too.

But generally speaking, you won't get rich, but you'll get growth, better your financial future and protect yourself against volatility in general doing the mix I suggested above. It's not full proof, nothing is - but it's your best bet if you want to start investing well, learn the ropes, etc. And I mean there's huge limitations to Robin Hood, but there's always something to tossing $100-$200 on there and just messing around with low-dollar stocks. If you lose it,consider it an investment in your education. Honestly - that's mostly how I learned about the market. By just doing it. Made some hilariously stupid and naive mistakes - but also made some really good ones. Just don't ever get in over your head until you've really got a handle on what you're doing.

So I held onto the DocuSign I picked up again at 118 on Friday. Bought more and traded it between 119.50 and 121 several times. The stay at home stocks are white hot now so I’ll keep adding more Docu when it drops. It has been consistently good to me. BX just crossed through 50 and 200 day moving averages, CSCO could cross through them tomorrow. Worth keeping our eyes on.

 

[B1GEast]

Recently, I purchased Boeing, BA, shares at $97 down from a recent high prior to the pandemic, of over $300. A few days later, I read a report that Boeing needed a bailout to survive. The next day, I sell my entire position at a small gain of $98, cause I'm smart. A day later, after the stimulus package was announced, BA hit $177. It still bothers me.

Do your research, stick to your guns and don't panic. Easier said than done. Good luck

The Smile Direct Club, SDC looks like it's moving in the right direction

 

[UConnStats]

If anyone wants to have a little coronavirus fun with a penny stock I think $MARK actually has some legs and should see more hype with their upcoming earnings call.

Anyone bite on this? Opened +10.58% and closed +72.12% on the day.

 

[pauliepeppas]

Anyone bite on this? Opened +10.58% and closed +72.12% on the day.

Was in on it at 35-40 range just swing trading it for weeks and got bored with it. Knew it would run but not like this at all. $GHSI has been trading verryyy similar to $Mark and will go on very nice run any day now too

 

[superjohn]

Anyone have any big misses? When I first started trading out of college in 2013, I was short term trading. Now I mainly buy and hold.

My first trade ever was 700 shares of AMRN at $1.61 a share. Sold it at $2.20. It recently traded at $24. Would have been a $16K gain.

Same year I bought 34 shares of DXCM at $32.58/share. Sold at $34. Trading at $405 now. $12,000 gain.

Lots of other misses in the $3-10k range as well.

Plenty. My biggest mistake when I first started trading was not knowing when to sell, I had good picks I made rocket up and and continue to gain over a fairly long period of time and then I would just watch them bleed until I was losing, thinking they would go back up again. You live and learn, lock in gains.

 

[superjohn]

Anyone bite on this? Opened +10.58% and closed +72.12% on the day.

Really nice pick, hope you made some money. I've been watching it for a few weeks but never got in. I made good trades on some of them since Covid and lost on some. My biggest hit was something like a 400% gain in a day on Worx recently.

 

[UConnStats]

Really nice pick, hope you made some money. I've been watching it for a few weeks but never got in. I made good trades on some of them since Covid and lost on some. My biggest hit was something like a 400% gain in a day on Worx recently.

That’s awesome. I usually don’t do penny stocks, but had a good feeling here, and it was indirectly featured in 60 minutes last night which was lucky as hell too.

 

[XLCenterFan]

My big gains have been in mobile gaming. GLUU and ZNGA have been very, very good to me and they're super cheap stocks you can pile on now.

I'm mostly a dividend guy right now. Best investment you can possibly make is erasing any debt you can and trading slow growth. I'm in a boatload of High Dividend yield ETF's and REITS. TIPS are great if you're worried about inflation. Outside of that, I hate giving people investment advice especially at a time like this where legit you could roll in it tomorrow or be up the creek. That an your investment strategy needs to be yours, not someone else's. Don't go looking around for a pat on the back or reassurance. Do your homework, too.

But generally speaking, you won't get rich, but you'll get growth, better your financial future and protect yourself against volatility in general doing the mix I suggested above. It's not full proof, nothing is - but it's your best bet if you want to start investing well, learn the ropes, etc. And I mean there's huge limitations to Robin Hood, but there's always something to tossing $100-$200 on there and just messing around with low-dollar stocks. If you lose it,consider it an investment in your education. Honestly - that's mostly how I learned about the market. By just doing it. Made some hilariously stupid and naive mistakes - but also made some really good ones. Just don't ever get in over your head until you've really got a handle on what you're doing.

I had ZYNGA at one point about 8 years ago - don't know why I ever sold it. I agree with lots in this post. I've always preached dividends. I feel like it's hard to go wrong with dividend stocks. Always preached doing it your own way, not someone else's. Also agree with just taking some chances and learning the investment ropes on your own, the hard way. No one has to be a genius to make money investing long-term.

The key is to have multiple buckets - checking, savings, IRA, individual stocks, etc., and to just keep putting money into all of them. Live well but simply, and just keep socking away any free cash. You don't need that Starbucks and you don't need that luxury car. You'll miss on some bets, but you'll also hit too, and it starts to add up quick. IRA contributions get that preferential tax treatment as well. I cant stress this enough to people - the gvt. will pay you to save. It feels like a huge task when you're starting off, but if you commit to it, you'll look back in like 10 years and marvel at what you've learned and how far you've come. I started off just buying and holding on Scottrade like 15 years ago. No financial background at all, but I'm relatively competent and these things were always discussed in my home.

 

[superjohn]

That’s awesome. I usually don’t do penny stocks, but had a good feeling here, and it was indirectly featured in 60 minutes last night which was lucky as hell too.

It's super risky and stressful, they jump around like crazy. A lot of them do eventually jump though but you kind of have to watch them like a hawk.