OT: Stock trading

[superjohn]

Great news? They’ve been deservingly battered in the news in the past. They are the type who will never get a dollar from me.

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Yes, great news. Only effective drug for Covid.

 

[XLCenterFan]

Gilead should be forced to hand this drug over to the US public. We’ve basically paid for it already.

 

[Jaker]

Just saw on the news this evening that Pfiser may be going to phase 3 of their vaccine testing which is showing very positive results. Thya could have a vaccine ready for market by oct./ november.

 

[tentoes4rings]

Just saw on the news this evening that Pfiser may be going to phase 3 of their vaccine testing which is showing very positive results. Thya could have a vaccine ready for market by oct./ november.

Thanks for the heads up. My stuff is very cloud and work from home oriented. I’d need to adjust quickly if that happens.

 

[the Q]

Thanks for the heads up. My stuff is very cloud and work from home oriented. I’d need to adjust quickly if that happens.

Yeah, not buying in the 32s was Probably an awful Life decision

 

[tentoes4rings]

Yeah, not buying in the 32s was Probably an awful Life decision

??

 

[the Q]

??

PFE.

For me. Not you.

 

[Jaker]

Thanks for the heads up. My stuff is very cloud and work from home oriented. I’d need to adjust quickly if that happens.

Those stocks should remain strong even after Covid because many companies will be downsizing office space.

 

[UConnSwag11]

I.

I bought another 500 about a week ago. Gonna maybe get a bit more and even out at 1000. I am concerned if bitcoin breaks the $9400 level and makes a run- the alts May get beat up for a few weeks ( although chainlink has been moving counter to the alts at times).
This may be a good answer for the person that asked what will be the next Amazon.

 

[StllH8L8ner]

Held my nose and picked up some Tesla on Thursday and got a nice bump on Friday. Hoping for good earnings and addition to the S&P but I'm a bit skeptical of the run it's on.

 

[tentoes4rings]

Held my nose and picked up some Tesla on Thursday and got a nice bump on Friday. Hoping for good earnings and addition to the S&P but I'm a bit skeptical of the run it's on.

Same. Just added to what I had. It completely saved my day Friday. Definite chance it goes down a few hundred points or more soon enough but I’ve learned to just hold it. It’s a volatile stock, longterm patience will be rewarded though.

 

[Scot-e]

					I understand that Ripple will be a good tool and if it move near its all time high again the move from its current value to $2-$3 is still huge. But because its centralized and in my mind replaceable down the road- I think you ride it up and then sell at least 60% of it. Not a 2-5 year hold like many of the others I'm adding. VE chain is interesting. But projects that this have these high multiples of tokens- I think are going to take longer to mature/ add value- longer window of opportunity. A currency I like with a large circulation is digibyte. All of this is just MHO of course.

 

[tiger8mush]

Question - My 13 yr old has taken a sudden interest in stock trading. I told him a few weeks ago to write down what he'd buy and we'll track it and see how he does. He wants to take some of his saved up birthday / christmas money and invest.
I want to upload $200-300, let him do his thing, and not worry about him accidentally pulling money from my linked bank account or something. He has mentioned robinhood and ameritrade. What do you recommend? Thanks!

 

[uconndogs]

Question - My 13 yr old has taken a sudden interest in stock trading. I told him a few weeks ago to write down what he'd buy and we'll track it and see how he does. He wants to take some of his saved up birthday / christmas money and invest.
I want to upload $200-300, let him do his thing, and not worry about him accidentally pulling money from my linked bank account or something. He has mentioned robinhood and ameritrade. What do you recommend? Thanks!

Honestly, why teach a 13 year old how to “trade”? Why not have him research a company and make a long-term investment to track. He will learn about business and the stock market?

 

[XLCenterFan]

Same thing @uconndogs. Buying and holding is “trading.” No need to split hairs.

And I would totally encourage your kid to do this @tiger8mush. What a way to learn about saving, consumer trends, and the market in general. And if he takes a loss, that’s a good lesson too. Teach him about divesting as well! It’s also a good way to bond. Robinhood is all you need for this - I use it, and for this, I’d recommend it.

 

[UConnSwag11]

					I understand that Ripple will be a good tool and if it move near its all time high again the move from its current value to $2-$3 is still huge. But because its centralized and in my mind replaceable down the road- I think you ride it up and then sell at least 60% of it. Not a 2-5 year hold like many of the others I'm adding. VE chain is interesting. But projects that this have these high multiples of tokens- I think are going to take longer to mature/ add value- longer window of opportunity. A currency I like with a large circulation is digibyte. All of this is just MHO of course.

 

[uconndogs]

Same thing @uconndogs. Buying and holding is “trading.” No need to split hairs.

The day trading that is frequently referenced in this thread is far from investing. That’s not to say the kid couldn’t learn a lot about probability and statistics from learning how to play blackjack or craps. But, that’s not investing or learning about business fundamentals.

 

[uconntoatl]

View attachment 56427

Link is easily going to reach a 100.

 

[tiger8mush]

Honestly, why teach a 13 year old how to “trade”? Why not have him research a company and make a long-term investment to track. He will learn about business and the stock market?

Thanks for the advice. What site would you recommend he use to make such an investment?

p.s. thanks @XLCenterFan for your advice!

 

[uconntoatl]

All in a day's work. Get to know it and you will not be disappointed

 

[StllH8L8ner]

Same thing @uconndogs. Buying and holding is “trading.” No need to split hairs.

And I would totally encourage your kid to do this @tiger8mush. What a way to learn about saving, consumer trends, and the market in general. And if he takes a loss, that’s a good lesson too. Teach him about divesting as well! It’s also a good way to bond. Robinhood is all you need for this - I use it, and for this, I’d recommend it.

I'll also add: Have him invest in companies he's interested in to make it fun. Does he wear Nike sneakers? Buy Nike stock. Loves Avengers or Star Wars movies? Buy some Disney.

 

[JimHurley]

I’m thinking about buying a large share of NFLX. I will sell if they blow away earnings estimates and I will hold if it falls post earnings report.

 

[Jaker]

Question - My 13 yr old has taken a sudden interest in stock trading. I told him a few weeks ago to write down what he'd buy and we'll track it and see how he does. He wants to take some of his saved up birthday / christmas money and invest.
I want to upload $200-300, let him do his thing, and not worry about him accidentally pulling money from my linked bank account or something. He has mentioned robinhood and ameritrade. What do you recommend? Thanks!

OK so first of all, he can't have his own account until he is 18 which you probably already now. Kids these days are super savy and I bet you could set up a paper trading account in your name that he can play with, go through the technical analysis tutorials and both of you will learn valuable information. There is long term investing and there is trading. When people make statements that "trading" is a crap shoot or "rolling the dice" it's and indication that they have no clue about charting or reading technicals which really are not that difficult if you do your homework.

 

[Jaker]

Oil futures currently getting pumped back up over $40, "usually" bodes well for the general trend of the market, next day.

 

[uconndogs]

Thanks for the advice. What site would you recommend he use to make such an investment?

p.s. thanks @XLCenterFan for your advice!

I have used Fidelity for years and have not looked at other platforms for quite some time.