would you guys recommend paying off credit card debt before investing again into stockmarket or should i invest and hope my monthly gains outperform my interest payments
Nicholas Mitchell
>having debt why?
Isaiah Jackson
should i use my retirement savings to pay it off
Caleb Gonzalez
>keep selling crypto thinking it’ll pull back JUST
I DONT KNOW HOW TO TULIPMANIA!?!
Juan Parker
You should pay off your credit card debt before you spend money on stocks or anything else unnecessary.
Leo Brooks
I guess retardation doesn’t have a price
Talking about crypto, not you fren
Hudson Ortiz
Reminder that T Babies, AMRN, and DIS with a side helping of GE and PINS will set you up right nicely for the rough times ahead.
Hell by monday we may be at war with Iran!
Colton Murphy
>get TD Ameritrade account to trade options >make about $420 yesterday >lose about $200 today >profitable on the week
a-am I doing it right? So far have traded USO, SPY and QQQ options.
Thomas Moore
I refuse to buy bitcoin sorry, I don't buy the hype..
Cooper Ross
dont trade options sell them
Nicholas Lee
That’s what I said too, until robinhood gave me the option, and I recognized its potential value as a hedge, and tool for capital flight.
I’m not sure how much of this is hype, maybe 75%. But I think some of it is wealthy folks, likely trying to get their money out of China/inflationary currency. And some is large institutions gobbling it up.
But if you own physical gold you’re probably better off.
Nathan Gray
buying crypto on RH is like buying gold ETFs
you're not really buying crypto that you own
Jonathan Thomas
At some point maybe I'll sell covered calls but for now I want to dip the toes in the water with active trading. It's pretty scary though, probably not gonna keep this up long term. I kept a single SPY call open over the weekend but really can't imagine holding these gunpowder kegs over the weekend. People are insane.
Jayden Martin
What’s the best alternative for burgerlandians?
Also, Gold ETFs ain’t bad. Yeah yeah if shit hits the fan you won’t be able to get it. But you still make a tidy profit in chaotic and inflationary times. I’d like to have 5% of my net value in physical gold and 5% in paper gold. But I’m not wealthy enough to do it, and Gold is already the most expensive it’s been in years.
Parker Rogers
>I want to dip the toes in the water with active trading. Why?
Hunter Martin
Rate my portfolio weekendfags
ABBV AM ARCC BDCL CNXM D EPD ETO IEP LMLP MAIN MRRL SMHD USAC
The potential for profit, simple as. I've gotten pretty good at momentum trading and see a lot of similar traits in what I follow.
Jeremiah Gray
Your rich af man
Zachary Jackson
what platform you guys using for salping? fuck i can't stand meta trader after trying out pro real time
Lucas Flores
I'm not rich at all. Yet.
Nathaniel Bell
>SMHD DVYL and SDYL are much better
Oliver Howard
Actually held a put, but all the same with these things desu.
Zachary Morris
Owned DVHL (similar) previously, getting rid of SMHD Monday. There are some issues with those, but damn do they churn money.
Justin Thomas
DVYL and SDYL actually still go up in value
Matthew Edwards
CEFL has been very based in the several months I've owned it. Very flat action overall but that distribution sure is reliable. Had SMHD for a little while but it was terrible and I sold, which ended up being a good call. From what I remember fucking Gamestop was its largest weighting.
Brayden Baker
Still same problem It goes down
Jose Cook
Owned CEFL too, literally just got rid of it a couple weeks ago. I'm not saying any of these are "bad", it's just a risk appetite. Out of all the mentioned ones, I'd say DVYL is probably the best in my opinion.
Asher Fisher
LONGGG
David Reyes
I hear ya, it would be nice to have one that gains like you said.
Maye long long term. I bought several months ago and am actually positive on the position, with a pretty sweet total return.
Aiden Kelly
Keep a positive net worth and you're fine, assuming you have income. Also consider balance transfer to a 0% or low interest card to pay it off. Debt is ok if it's managed and not because of shit like buying 10 Xboxes because you felt like it.
Jayden Nguyen
Leveraged ETFs decay, its a simple fact of investing.
Hudson Jenkins
Retarded advice
Daniel Diaz
Is anyone familiar with how Robinhood handles options assignments? I believe the notification from Robinhood said, "You've been assigned..." but in my account history, it says it's pending. Does Robinhood just always say you've been assigned when the call expires in the money even if the contracts don't end up getting exercised? Is there any way to know for sure at this point, or do I just need to wait until Monday?
Ryder Clark
How many different stocks do you guys typically hold? I've got 13 but I just started.
Alexander James
I literally just posted my whole portfolio haha, I hold 14, soon to be 13. How big is your portfolio?
About $900. I started with $100 and been adding in every week. I'm a wageslave but I figured it's better late than never and just trying to learn the ropes with Robinhood.
Angel Sanchez
Peter Lynch recommended 8-12 stocks as a maximum for the "part-time stock picker" (i.e. you) and 5 stocks as sufficiently diversified. The reasoning is that you shouldn't hold stocks if you can't keep up with the company's news and reports. (Sorry for the terrible picture. I tried too combine screenshots from two pages on my phone.)
You have way too many stocks. 8-12 like user said is good, but that's when you have some powder to play with. With three- and four-digit investing, keep it limited. Diversification limits losses, but it also limits gains. You need the gains first, then you can diversify to keep that money and use it to make more money.
Brandon Sullivan
That does make sense.
Elijah Long
when will you stockfags admit that you've been wrong since 2009?
Well let's say you have 20 companies split over 1k. Each position is worth $50. Company XYZ goes parabolic and doubles in value. You only made $50 profit. Full disclosure, I made my initial money in binary options, so I'm a bit nuts.
Michael Carter
When I'm no longer retired.
Luis Anderson
Newfag that just put $100 in Robinhood to start trading. What would be the best moves for me to start making some more money to invest with? Should I look in to short and long positions? I do not want to seem lazy, just very new.
Robert Long
how much commission does your stock broker charge?
John Garcia
Yeah, the google drive as mentioned in that exact pastebin
Blake Martin
THREADLY REMINDER THAT DIVIDENDS ARE YOUR FREN
How’s everyones Friday?
Carter Gonzalez
It's Saturday here already
Brandon Myers
Sort of. I think 8-12 is assuming you are picking your own individual company stock, which was his recommendation. If remember correctly, he advised if you'd rather invest in mutual funds (or ETFs), you should diversify across about 6 different types of funds. I'll check the book in a bit to see if he says anything in that section.
Gavin Barnes
>Boomer Investing 101: >bogleheads.org/wiki/Getting_started Why is DIY index investing labeled as a Boomer thing? Index funds didn't take off until the 2000s and only became mainstream over the last decade. Boomers have their company pensions or whatever.
>Over 110k yielding 11.5% means nothing without a time frame. how did it do compared to it's benchmark?
Dylan Gutierrez
no you want to own 100 different stocks then sell your winners to average down on your losers
Daniel Walker
i thought stock options were the biggest meme
any idea how accuratly IG's cfds(or other cfds in general) follow the real futures' movements? i'm not willing to put the 25k to day trade yet but i was planning on opening a IB futures account just to get access to accurate market movements and more importantly pivot points. if IG's cfds actually follow the futures accuratly
Nathaniel Cruz
Thanks user, what is the title of this book?
Brayden James
Just dump your $100 on any old stock that strikes your fancy and use that as motivation to learn more about it. I hear LCI and GALT are both popular around these parts.
Angel Morgan
>not dumping everything into NAKD It's like you don't want to be a millionaire.
"Beating the Street." The pictures are from a chapter called "25 Golden Rules," which is in bullet-point format. I would read his other book "One Up on Wall Street" first if you haven't already read that.
Oh my god. Why didn’t I hodl. The fomo is palpable.
I may never be rich. I guess I have to sit this madness out too.
Jonathan Cox
No.
Levi Taylor
Good advice. An investment in NAKD now could produce asymptotic returns for years to come!
Sebastian Ward
im just put 150 more on nakd, i hope your not fucking me over
Tyler Gomez
a LOT has changed since those books were written. if you took that advice at the time you would have never picked any of the tech stocks (Facebook, Amazon, etc.) that dominate the market today. and 5 is absolutely not enough companies for diversification, maybe per market sector; there are more than 5 market sectors to invest in. that's not even counting international diversification.
there is like a 5% chance you make a little bit more, and 95% you get rekt
Kevin Jones
maybe don't take advice from Jow Forums at face value. the "Boomer Investing" here should be the base line. if you think you can do better for whatever reason work your way up from the par, not by jumping into the deep end and hoping you float.
Chase Garcia
I agree.
BUT I have this bad habit with stocks. I assume the smart money has already been made, and if I buy at the open, it’s too late.
Could’ve bought gold, oil, and LMT after the drone takedown. Could have bought Lean Hogs every time i heard about African swine fever in China. But I thought, if I know about it, those smart commodity traders already know about it.
Same thing with the CGC/Acreage deal, I could’ve made a bundle off that. But I thought, if I’m learning about it on CNBC, surely those folks with inside information, microwave speed connections, Bloomberg terminals, whatever all know about it and the easy money has already been made.
But there’s so much easy money I just leave sitting on the table.
well cant tell you exactly because dont mess with cfds but can tell you in ES_Fs case, since it globex product with centralized data, it very very hard for track ES_F wrong
Cooper Campbell
me to a T. I think it has to do with my paranoia over the future of automated trading and HFT algos becoming sentient. I've literally had nightmares about global markets becoming Pareto efficient before.
You have to understand how absolutely retarded computers and computer programmers are Never fear HFT, algos, just more opportunities for the clever and the initiated
Lincoln Martinez
Just keep at it Learn to QUANTITATIVELY identify conditions if you have to I mostly tell people to ignore nerd shit like numbers and math and focus on chad investing. But if you’re feeling this much uncertainty that it’s blocking you from making money, you might have to go back to the basics
Michael Martinez
Hope my gbtc makes comparable gains to owning straight bitcoins
Connor Reyes
HEY COMP SCI BROS
Is there any website where I can download the buy/sell prices of stocks indexed to the minute (or preferably a lower granularity)? I want to write some tools to analyze daytrading.
Brayden Hernandez
to dare
Easton Parker
Have you tried uhhhhh google? Basically if you want minute prices you’re going to have to pay someone Are you willing to pay, or do you just want a decent free data set (day open/close, maybe more depending)
Carter Clark
Yeah I suppose the only thing to do is make the best of it while we can. I'm just so, so petrified by the relationship between incentives and downsides for institutions and algo traders. I'm firmly of the belief that technocapital and global trade expand logarithmically, not linearly, and to slow down is to lose. As speed becomes commodified in and of itself, every second spent not preempting the market is returned sevenfold against the losing party. Something about "as markets learn to manufacture intelligence"...
unless were talking neural networks those HFT are hand directed by non retarded people. there are articles about how they operate, it's not a set and forget thing. do you have any reason to believe you have an edge or are you hoping your gut feelings about the market will figure out the market on it's own? >if I’m learning about it on CNBC well no shit.
You only have to worry about that kind of stuff if you play their game Play your own game If you are investing/trading in a way where you have to fight the spread for every last basis point, then yeah some algos might be rockin your boat But if you aren’t getting in/out of positions that much, if you aren’t monitoring spreads on the order of ~5bp really closely like it means life or death, then a lot of the algo pressure is invisible to you for pedestrian day-to-day trading Now that doesn’t mean the algos can’t get weird, but the possibility of all the different algos getting weird in sync and causing big, unnatural moves in an otherwise healthy market is very low. Actually the more different styles and players, means more randomness and a more healthy robust space. Any super-trigger happy nutty algos will probably lose money and be pulled back, in the end central limit theorem keeps us reverberating to the mean
Nolan Robinson
You're not totally wrong, but you just have a different approach to investing to Lynch. The part-timer doesn't have time to follow 5+ stocks per sector. The idealized general approach Lynch describes is to look at lots of companies in detail, and from those, pick a handful of the best ones that you think will grow earnings quickly. He thinks if you do your homework and make prudent choices, you will likely end up selecting some stocks that will do exceedingly well (fivebagger, tenbagger or even hundredbagger), so even if the rest of the stocks perform mediocre or poorly, the lucky ones will bring your portfolio up, and you stand a good chance of outperforming the fund managers and the indices. Even if you would have missed all of the hot tech companies you mentioned following Lynch's advice (which I'm not certain is a given), you could have still done quite well picking stocks other than FAANG.
Joseph Hughes
>well no shit. Except it still rocketed another 12% or so after someone on /smg/ said “wtf is going on with CGC?!” And I posted the explanation.
I thought, well that’s it, I missed the move. But I would’ve made bank if I just said fuck it and bought.
Same thing with Qualcomm, could have made serious money. But honestly I didn’t even realize how huge settling that lawsuit with Apple was until much later, so I try not to beat myself up about that one.
Jaxon Peterson
What happens when 2 companies have the same initials in the stock market?
