OT: Stock trading | Page 23 | The Boneyard

OT: Stock trading

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.
 

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.
 
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!
 
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?
 
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.
 
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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.
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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.
 
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!
 
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.
 
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.
 
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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.
 
Oil futures currently getting pumped back up over $40, "usually" bodes well for the general trend of the market, next day.
 
I have used Fidelity for years and have not looked at other platforms for quite some time.
Fidelity has some zero cost ETFs. Have him buy and hold some total market shares to compare against his trading.
 
Oil futures currently getting pumped back up over $40, "usually" bodes well for the general trend of the market, next day.
If that’s the case, please let oil futures be way down because today was brutal. Hope you guys fared better than me today.
 
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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.

There is a big difference between trading and buy and hold investing.

A very big difference.
 
There is a big difference between trading and buy and hold investing.

A very big difference.
For us, yes, we know this. But the average person hears "trading" and doesn't know the difference between buy and hold vs. day trading. All they know is someone is in the market.
 
If that’s the case, please let oil futures be way down because today was brutal. Hope you guys fared better than me today.
Huge swing today, crazy
Tomorrow morning Delta comes out with Q2 earnings, hold on, probably will be fugly!
 
Oil really showing a downward slide, could be at low $30's by weeks end.
 
Huge swing today, crazy
Tomorrow morning Delta comes out with Q2 earnings, hold on, probably will be fugly!
Futures are pretty flat after such a bad day. I think we’ll see either a small bounce in the morning and then more ugliness or a rough first hour or two and a bounce back in the afternoon. Hedge funds and option traders like to cause complete capitulation, where novice investors throw in the towel on everything. I’m not caving in though because tech and work from home stocks are still the place to be in my opinion.
 
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Futures are pretty flat after such a bad day. I think we’ll see either a small bounce in the morning and then more ugliness or a rough first hour or two and a bounce back in the afternoon. Hedge funds and option traders like to cause complete capitulation, where novice investors throw in the towel on everything. I’m not caving in though because tech and work from home stocks are still the place to be in my opinion.

After hours trading already turned many stocks around. I am hoping Cali shuts down the Tesla factory again so people dump it, LOL I will be buyer again if it drops to around $1,000
 
After hours trading already turned many stocks around. I am hoping Cali shuts down the Tesla factory again so people dump it, LOL I will be buyer again if it drops to around $1,000
Noooooo. No dumping, ha. Turned them around how much? I had stocks down 10-20 today and up only 2-4 after hours. Hoping for a much better recovery than that.
 
Noooooo. No dumping, ha. Turned them around how much? I had stocks down 10-20 today and up only 2-4 after hours. Hoping for a much better recovery than that.
"Usually" the afterhours trend continues in the morning premarket. I think the Chinese pump things up in the afterhours.
 
"Usually" the afterhours trend continues in the morning premarket. I think the Chinese pump things up in the afterhours.
Asian markets are down 1-2%. I stand by my prediction that we’ll be down tomorrow, at least for part of the day. Hopefully that’s it in the near term. I’d love to be wrong though!
 
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Asian markets are down 1-2%. I stand by my prediction that we’ll be down tomorrow, at least for part of the day. Hopefully that’s it in the near term. I’d love to be wrong though!
Yup, selling off.
 
Yup, selling off.
Yup. Fortunately I sold some TSLA and Docu premarket at highs for the day. In for a bumpy ride today, buckle up. Played out exactly as I expected. Wish I was more liquid to buy more of the sales this morning. Added to LVGO at 92.50 though, very happy about that.
 
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