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At least you don’t have to pay taxes.
How did I not realize this was here? Info here will probably be 100x more useful than the stuff I've been seeing on WSB. Was up a ton in 2020 and gave all profits away and am down a good chunk as of now. Hopefully can find some better things to put my money on
reddit.com/r/wallstreetbets. I mostly track the daily discussion thread, but a lot of times it's pump and dumps on meme stocks. By the time I actually get to anything useful, it's gone up and not a great time to buy. But I do anyway and that's exactly why I'm at where I'm at lol. I guess it paid off for me with NIO and TSLA previously, but learned very quickly that stocks can drop super fast with QS. That thing wiped me out for about 3k and I've been trying to claw my way back ever since.What is thy WSB?
"Never use more than 5% of your portfolio for any trade" - johnnyredstormreddit.com/r/wallstreetbets. I mostly track the daily discussion thread, but a lot of times it's pump and dumps on meme stocks. By the time I actually get to anything useful, it's gone up and not a great time to buy. But I do anyway and that's exactly why I'm at where I'm at lol. I guess it paid off for me with NIO and TSLA previously, but learned very quickly that stocks can drop super fast with QS. That thing wiped me out for about 3k and I've been trying to claw my way back ever since.
lmao, I read this way too late. Was like 90% on NIO at 32 before the boom, then same transfered to PLTR at 24 and then to QS after the heavy dip. My problem has always been not diversifying and just yolo'ing. Plus I should be content with great buy prices, but somehow have fomo and end up averaging up more when I shouldnt. That last one especially got me lately. I'll just wait out to see if Biden's speech makes an impact on the market
At least you're realizing the issues early and can correct the bad habits. Start small, manage your risk and dont trade more than you're comfortable losing altogether. Blow ups ******* suck.lmao, I read this way too late. Was like 90% on NIO at 32 before the boom, then same transfered to PLTR at 24 and then to QS after the heavy dip. My problem has always been not diversifying and just yolo'ing. Plus I should be content with great buy prices, but somehow have fomo and end up averaging up more when I shouldnt. That last one especially got me lately. I'll just wait out to see if Biden's speech makes an impact on the market
Think I've been trading since October and only recently found that out at the end of December. I was thinking how genius they were when I was making money. But now it's just a way to get people to fomo and buy in so they can ride it and dump after.Lmao I was joking skaterplayer808 those guys are idiots man
Fitbit x Google is now official. I think I'm gonna cop more Fitbit shares
Hmmm? It’s closed at $7.35
yeah, it's closed. soon as I got the email from Fitbit, I went straight to RH and got "stock currently untradeable"
Everything here and I’m gonna be very blunt because I blew up two portfolios and never went to see anyone go through that stress and anxiety, number one, if you started in October, you don’t know **** and you’ve been fooled by the greatest bull market of all time, number two, look at your last trade and if you can’t point out on your chart why you entered when you did, stop ******* trading immediately with anything more than a couple of shares. Pull back, sit back, see the big picture. You make the most money investing in the best stocks growing the quickest. You make good money swing trading strong stocks in strong trends clearing supply. If you don’t know how to spot these things fam, we got some work to do so you can be on the path of creating wealth and not blow up like those losers on wsb who have to get an allowance from their wife’s boyfriend while they listen to him **** her from the basement.At least you're realizing the issues early and can correct the bad habits. Start small, manage your risk and dont trade more than you're comfortable losing altogether. Blow ups ****ing suck.
WeBullSpeaking of new kids on the block. I want to crowdsource a recommendation. What broker would you guys recommend for someone brand new to investing. Like, so new that they ask me if Acorn is good for investing. Low cash amounts, but wanting to get started, interested in fractional shares but not a requirement, and not 100% committed to learning the more advanced stuff (we've had the ETF talk and the buy-and-ignore talk).
I use Ameritrade and Vanguard, neither of which I'd recommend to someone investment-illiterate. So I'm wondering, Schwab? Fidelity? What apps are good for newbs (not you Robinhood)?
I'm also pushing them to a simple brokerage acct, instead of an IRA (traditional or Roth) since they can have access to the money easily if needed.
WeBull
If advisory is an option, Betterment. Leaving is a huge pain, but I like how they invest EVERY cent. No cash is left.Speaking of new kids on the block. I want to crowdsource a recommendation. What broker would you guys recommend for someone brand new to investing. Like, so new that they ask me if Acorn is good for investing. Low cash amounts, but wanting to get started, interested in fractional shares but not a requirement, and not 100% committed to learning the more advanced stuff (we've had the ETF talk and the buy-and-ignore talk).
I use Ameritrade and Vanguard, neither of which I'd recommend to someone investment-illiterate. So I'm wondering, Schwab? Fidelity? What apps are good for newbs (not you Robinhood)?
I'm also pushing them to a simple brokerage acct, instead of an IRA (traditional or Roth) since they can have access to the money easily if needed.
No, just the standard account needing to 25k for unlimited day trading. Anything less then you can only perform 3 day trades within 5 successive business days. They also offer after hours trading. regardless of the value of your account.Question? Any limitations on daily trades?