OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[johnnyredstorm]

Roku is my airlines trade right now got my average down to 115 though from 126. Love the company long term, just acted impulsively, fomo’d into it and have had too many **** buys. Hoping we see 90 tbh to add more

 

[ballinsam23]

bballkid11

Open up an individual investing account AND a Roth IRA if eligible with a brokerage like Charles Schwab, TD, or Vanguard. You can use the Roth IRA to invest in a total market index fund and some bonds (something aggressive like a 90/10 split depending on your age). Dont forget to dollar cost average, basically automatic payments from your checking account monthly to buy more of the same. Then you can use the individual trading account for day trades or for fun which I do with companies with real value by looking at balance sheets, income statements, cash flow statements.

If you have the time get these two books also.

1. I Will Teach You to be Rich by Ramit Sethi
- Gimmicky title but lots of great simple advice

2. Random Walk Down Wall Street by Burton Malkiel
- Only book you really need to understand the stock market over the decades

 

[truss]

If you ain’t BUYING you will miss out
*runs to order more puts*

what Don’t I know about NKLA?

 

[johnnyredstorm]

what Don’t I know about NKLA?

He’s being sarcastic. It’s one of those meme stocks being pumped right now and the selling point is they have all these orders but when you look into the orders they require no deposit or money down so they’re just phantom bs for the most part. Could ride the wave but this isn’t Tesla.

 

[truss]

NKLA CEO tweets so much guy seems like he’s got ulterior motives

 

[bballkid11]

bballkid11

Open up an individual investing account AND a Roth IRA if eligible with a brokerage like Charles Schwab, TD, or Vanguard. You can use the Roth IRA to invest in a total market index fund and some bonds (something aggressive like a 90/10 split depending on your age). Dont forget to dollar cost average, basically automatic payments from your checking account monthly to buy more of the same. Then you can use the individual trading account for day trades or for fun which I do with companies with real value by looking at balance sheets, income statements, cash flow statements.

If you have the time get these two books also.

1. I Will Teach You to be Rich by Ramit Sethi
- Gimmicky title but lots of great simple advice

2. Random Walk Down Wall Street by Burton Malkiel
- Only book you really need to understand the stock market over the decades

My guyyyyyy

 

[lazyj10]

What sites do you all use, if any, for research and technicals?
My non-IRA broker is TD only because of the Think or Swim platform.

 

[johnnyredstorm]

TOS
CMLVIZ pro for research
Motley Fool Rule Breakers (both for research on growth stocks)
Morningstar for a quick look at fundamentals
Twitter (find the right people and it’s incredibly valuable)

 

[noskey]

I know you all are experts

 

[xbiker47]

TOS
CMLVIZ pro for research
Motley Fool Rule Breakers (both for research on growth stocks)
Morningstar for a quick look at fundamentals
Twitter (find the right people and it’s incredibly valuable)

feel free to share who to follow on twitter

 

[johnnyredstorm]

Honestly I would recommend just going through my twitter (@marketoflies) and seeing who I follow but I’ll post the ones I find most helpful

@tmfstoffel
@satoshialien
@hindenburgres
@Richard_chu97
@cperruna
@beth_kindig
@brianferoldi
@duckman1717
@malibuinvest
@patternprofits
@stevenplace
@philgoedeker1
@reddogt3
@saxena_puru
@canny4
@elkwood66
@markflowchatter
@alderlaneegs
@oddstocktrader
@semodough
@citronresearch
@modern_rock
@ophirgottlieb
@stockhollywood
@muddywatersre
@adamfeurstein
@hedgemind
@bradloncar
@andybiotech
@vader7x
@optionshawk
@danshep55
@traderstewie
@investorslive
@canucks2usa
@wallstjesus
@cfromhertz
@biorunup
@bioduedilligence
@jaguaranalytics
@kunal00
@biostocks
@zbiotech
@longshorttrader

 

[coolcool]

sound like a broken record but buy as many shares/fractional shares in tsla and let it ride. Best passive investment IMO

 

[ballinsam23]

I hate ya'll.

Convinced me to buy a **** ton of TSLA. No idea if I want to hold or get my targeted profit and leave

 

[tay1]

Selling Tesla is crazy to me

 

[nflowshoe]

I went to buy some shares for TSLA but at 800 a share I ended up buying NKLA

 

[johnnyredstorm]

An $800 stock is $800 for a reason. Don’t avoid buying stocks because the dollar amount is high. Fundamentals are more important than price. Could always buy an etf or mutual fund holding that expensive stock if you want exposure but can’t afford the high price.

 

[tomdiginson]

An $800 stock is $800 for a reason. Don’t avoid buying stocks because the dollar amount is high. Fundamentals are more important than price. Could always buy an etf or mutual fund holding that expensive stock if you want exposure but can’t afford the high price.

This. A guy at work got into stocks and would ask me questions. He asked me about penny stocks and I let him know my sentiments. Told him since he was fairly new, he should look to stocks that are a bit "secure". He bought some shares in a few companies and saw some gains and got hooked. He ended selling and moving into the penny stock territory. He purchased a ton of stocks in some company and he saw massive gains. He got greedy and put more money into it and made some additional gains and then the stock tanked and he took some crazy losses. He ended putting more money to help curve his average share price in hopes that if the stock were to rebound, he would make enough just to offset his losses.

 

[Betonblck]

I feel like now is when the market is going to start going down. It doesn't make sense, which is why I expect it to happen.

 

[johnnyredstorm]

It’s possible. At the same time now we’re seeing rotation from growth into value which could prolong this recovery especially if we rotate back into growth once value reached those precovid levels. I Do think the market might gap down tomorrow as the word continues spreading that the job numbers big daddy trump celebrated were as fugazi as his hairpiece.

 

[marcielago]

So I’ma compete noob when it comes to this. I’ve dabbled with crypto in the past and did OK even though I had no real idea what I was doing . I was wondering if you guys could answer some questions I have regarding trading platforms. I see a lot of you guys recommending not to use Robinhood even though from everything I’ve read, it seems perfect for beginners. What exactly don’t you guys not like about it? Which ones would you recommend? I know about a WeBull, but are there any others geared towards beginners?

Also, would my portfolio be locked to any one platform/account? For example (a dumb one but bear with me ) I have a PS4. If I buy a game digitally, that purchase is saved to the cloud and I can access it on any PS4 as long as I’m logged into my account. Do these trading platforms work the same way? Can I buy an index fund on Robinhood and then manage that fund on say WeBull, Vanguard, etc? Or would I need an account with every platform? Would my portfolio be shared across all platforms? There’s been a lot of knowledge dropped in this thread but this is something I could never quite understand

 

[Chopper]

Hoping for a massive pullback... had a really nice position in ISRG built up and sold through all of it with the last sell at $520... needless to say I'm kicking myself.

 

[pdino]

So I’ma compete noob when it comes to this. I’ve dabbled with crypto in the past and did OK even though I had no real idea what I was doing . I was wondering if you guys could answer some questions I have regarding trading platforms. I see a lot of you guys recommending not to use Robinhood even though from everything I’ve read, it seems perfect for beginners. What exactly don’t you guys not like about it? Which ones would you recommend? I know about a WeBull, but are there any others geared towards beginners?

Also, would my portfolio be locked to any one platform/account? For example (a dumb one but bear with me ) I have a PS4. If I buy a game digitally, that purchase is saved to the cloud and I can access it on any PS4 as long as I’m logged into my account. Do these trading platforms work the same way? Can I buy an index fund on Robinhood and then manage that fund on say WeBull, Vanguard, etc? Or would I need an account with every platform? Would my portfolio be shared across all platforms? There’s been a lot of knowledge dropped in this thread but this is something I could never quite understand

Robinhood is frowned upon because they sell data and their servers are down at critical times when people are trying to buy or sell.

The game you bought digitally on PS4 (Robinhood) is only available on PS4. You can't play a PS4 game on Xbox (Webull, Vanguard) even if they're the same game

 

[marcielago]

Ahh I see, that makes sense. Can I move assets from one platform to another? Or are they stuck on the platform I bought them?

 

[pdino]

Ahh I see, that makes sense. Can I move assets from one platform to another? Or are they stuck on the platform I bought them?

Technically, you can if you want, need to contact the receiving brokerage to initiate transfer. Otherwise, you can sell the asset, re-buy it on the other platform

 

[johnnyredstorm]

Honestly I would use Schwab if you’re a beginner but ThinkOrSwim is the best platform out there.