Jotrade:
Thinkorswim

You see why I said I need a coach? I don't even understand what you talking about

OakPearl:
The following stocks are very good swing stocks now that several entertainment outfits are getting back to full operations gradually.

After a successful reopening of 100 locations nationwide, AMC is preparing to open more theatres with 170 more locations set to be opened today.
$AMC ($6.56)
$LYV - ($57.71)
$PLAY ($15.30)

AMC APRN CNK SIX waiting patiently

stokfrick:


Your point is good. But talking about profitability as a yardstick for upward/downward price movements- I have notice most US stocks rallying up have not even been profitable over some period of time and have been reporting -ive EPS. So what do u say?

Recall you asked for the fundamentals?
You can't discuss a business' fundamentals without it's profitability as a basic yardstick.

We all know the market can be irrational and usually prices in future values that's why you can't trade (short term) successfully using fundamentals alone.

YoungDaNaval:
Where can I find the demo account sir? Is it a different app like trove

Its an account on the same Trove app. Download the app and sign up, you will automatically have some free funds($$$) for trading. That's called Demo or Virtual account. No need to fear when you loose the funds and you cannot withdraw when you make gains.

Using the Demo account will help you get acquainted with the app and trading in general.

Hope it helps.

Bumiite:


Its an account on the same Trove app. Download the app and sign up, you will automatically have some free funds($$$) for trading. That's called Demo or Virtual account. No need to fear when you loose the funds and you cannot withdraw when you make gains.

Using the Demo account will help you get acquainted with the app and trading in general.

Hope it helps.

Thanks.

Bumiite:


Its an account on the same Trove app. Download the app and sign up, you will automatically have some free funds($$$) for trading. That's called Demo or Virtual account. No need to fear when you loose the funds and you cannot withdraw when you make gains.

Using the Demo account will help you get acquainted with the app and trading in general.

Hope it helps.

After signing up, you can easily switch between Demo and Live Account by simply clicking on Live button to switch to Demo account or clicking on Demo button to switch to Live account.

Tesla Testing a resistance level. If it eventually breaks that level(502.41)... egungun don enter express be that...

rentAcock:
I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house .

Egungun be careful na express you dey go.

Hello guys, I tried to open a Trading212 account and they are asking for bank statement. Do all the trading apps ask for bank statement as well?

OakPearl:


Recall you asked for the fundamentals?
You can't discuss a business' fundamentals without it's profitability as a basic yardstick.

We all know the market can be irrational and usually prices in future values that's why you can't trade (short term) successfully using fundamentals alone.

Pls what card are using to fund Trading212 account via Gpay ?
Just got activated...

My current swing position
AMC
CNK
SIX
EPZM
KPTI
APRV
DIS

Zagee:


You mean the same NSE that has been returning good turnovers. This life truely no balance oh

Good that you're reading..

since the 2008/09 crash i have not gone near stocks ..
imagine someone that spent much of his savings on stocks like JAPAUL, Transacorp, Oceanic Bank, Intercontinental Bank, CI leasing (i still remember i bought this one for 17 naira in 2008 the whole estacode wey my office give me for a 3 weeks work outside 9ja) . i remember when someone said IGI was doing private placement and if we bought , we would gain at least 100% when they get listed publicly...... na so i carry money put ...up till today i no know wetin happen to the IGI.....

when snake bite person e go fear even millipede...... however our people say when woman pikin drown for river ...after crying na water she go still use wash her face ...that is why i am trying to give it a try again ...from a better informed position with money i can afford to lose

so now i am learning how to still do well even when the markets are down ...my purchases were purely based on rumours and pressure from stockbrokers..... i plan to take full responsibility this time with some help from pros here

@Oakpearl: how do you see BOXL, SE, NTDOY

rentAcock:
I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house and use my tuition money to buy tesla. I have done my research and I strongly believe tesla will go back to $2500 by Chrismas time. If I can raise N5 million and invest it all in tesla, I should have N25 million by Christmas. I'm about to become the richest person in my family and its all thanks to you people here.

I read this and wondered what could be fueling this excitement that is on steroids. So eager to talk about the anticipated movement and precise time (back to $2,500 before Christmas) but cleverly leaving out the “research”, which hopefully isn’t one of the thousand articles from a random analyst. I just kept saying to myself: Pump and Dump, thankfully you gave yourself away here

rentAcock:

Bro I know how ridiculous it sounds but I think I can pull it off. If more people also think this way, the bubble will keep getting bigger and we will all make profit until the bubble pops.

I’m just worried about other enthusiastic newbies who might be misinformed stumbling upon your post. Bad enough Tesla’s level of volatility would make your post seem plausible. Baba If you dey Wall street, e don be be that o, small change you go even dey pump unquoted equity. Fear God Mr. “I must be the richest in my generation with N25 million”

Shorted $TSLA today and made decent profit.

Any way stocks move, money will be made.

rentAcock:
I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house and use my tuition money to buy tesla. I have done my research and I strongly believe tesla will go back to $2500 by Chrismas time. If I can raise N5 million and invest it all in tesla, I should have N25 million by Christmas. I'm about to become the richest person in my family and its all thanks to you people here.

Hope is not a strategy in stock investing.

Don’t get carried away by the hype it’s all part of stock business.

Do your due diligence.

horlajide:


I read this and wondered what could be fueling this excitement that is on steroids. So eager to talk about the anticipated movement and precise time (back to $2,500 before Christmas) but cleverly leaving out the “research”, which hopefully isn’t one of the thousand articles from a random analyst. I just kept saying to myself: Pump and Dump, thankfully you gave yourself away here



I’m just worried about other enthusiastic newbies who might be misinformed stumbling upon your post. Bad enough Tesla’s level of volatility would make your post seem plausible. Baba If you dey Wall street, e don be be that o, small change you go even dey pump unquoted equity. Fear God Mr. “I must be the richest in my generation with N25 million”

Brother I no sure say my N5 million or even all of us money for this thread fit move the price of tesla with market cap of 416 billion dollars let alone pump it. But thank you and everyone else for the warning, you are all doing God's work. I don't want to derail the thread.

These guys on social media gambling away their money

rentAcock:
I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house and use my tuition money to buy tesla. I have done my research and I strongly believe tesla will go back to $2500 by Chrismas time. If I can raise N5 million and invest it all in tesla, I should have N25 million by Christmas. I'm about to become the richest person in my family and its all thanks to you people here.

Too risky

Are you in Tesla Management Board?

Barrick Gold and Kroger must pay me las las

babytoun:

since the 2008/09 crash i have not gone near stocks ..
imagine someone that spent much of his savings on stocks like JAPAUL, Transacorp, Oceanic Bank, Intercontinental Bank, CI leasing (i still remember i bought this one for 17 naira in 2008 the whole estacode wey my office give me for a 3 weeks work outside 9ja) . i remember when someone said IGI was doing private placement and if we bought , we would gain at least 100% when they get listed publicly...... na so i carry money put ...up till today i no know wetin happen to the IGI.....

when snake bite person e go fear even millipede...... however our people say when woman pikin drown for river ...after crying na water she go still use wash her face ...that is why i am trying to give it a try again ...from a better informed position with money i can afford to lose

so now i am learning how to still do well even when the markets are down ...my purchases were purely based on rumours and pressure from stockbrokers..... i plan to take full responsibility this time with some help from pros here

I made some catastrophic mistakes in my early days. Started seriously trading in 2009, though I remember when I convinced my parents to buy Firstbank shares in 2007 which were selling at N22 I think! The big mistakes are trying to make money too quickly and not having a well-drilled "system" for taking a position.

Regarding being in a rush to make a killing, Buffett made a salient point that it's better to start down the slow and steady path as you can reap faster rewards in the long run (this is due to compound growth).

"Getting rich slow isn't actually slower," he said. "It's slower in year one, but it might be faster in year seven."

https://markets.businessinsider.com/news/stocks/warren-buffett-airbnb-brian-chesky-get-rich-slow-ipo-filing-2020-8-1029520058

I have been recommending to the "youngsters" here that beginners should have a preference for indexes but they don't want to hear There is a saying that stocks take the stairs when going up and the elevator when going down. Imagine watching your portfolio quadruple in a year and then see it halve in a few weeks of mad selling.

I have boiled down my rules to looking for good fundamentals: strong revenue and EPS growth, free cash flow, operating income, lowish price to earnings ratio (not significantly more than 30), etc. This website is quite good for checking these things: https://stockanalysis.com/

And then for technical analysis, I look for things like break outs from a trading range, the overall trend, and distance to the 200 daily simple moving average (SMA). If a stock is more than 20% above its 200 SMA, I am very reluctant to buy.

I deviate from the above rules for pure momentum trades like with Tesla, Workhorse or Plug. With this type, my position is 1/4 the normal size.

By the above rules, a lot of the popular stocks are currently overvalued so I have been reducing positions but still hold the following: Skyworks (SWKS), Rent-a-Centre (RCII), Biograd (BIO), Kirkland Gold (KL), Lam Research (LRCX), Revolve Group (RVLV) and a few others.

So as you can all see, despite my incessant admonitions to all and sundry that playing indexes is better in the long run than individual stocks, I can't resist the temptation to buy stocks

But in all seriousness, you should put most of your capital into indexes and start to move them gradually to stocks if you find you are consistently doing well in stocks in both bull and bear markets. This should be after at least 5 years!

rentAcock:


Bro I know how ridiculous it sounds but I think I can pull it off. If more people also think this way, the bubble will keep getting bigger and we will all make profit until the bubble pops.

Psycology play..good one .. but be careful.

babytoun:


since the 2008/09 crash i have not gone near stocks ..
imagine someone that spent much of his savings on stocks like JAPAUL, Transacorp, Oceanic Bank, Intercontinental Bank, CI leasing (i still remember i bought this one for 17 naira in 2008 the whole estacode wey my office give me for a 3 weeks work outside 9ja) . i remember when someone said IGI was doing private placement and if we bought , we would gain at least 100% when they get listed publicly...... na so i carry money put ...up till today i no know wetin happen to the IGI.....

when snake bite person e go fear even millipede...... however our people say when woman pikin drown for river ...after crying na water she go still use wash her face ...that is why i am trying to give it a try again ...from a better informed position with money i can afford to lose

so now i am learning how to still do well even when the markets are down ...my purchases were purely based on rumours and pressure from stockbrokers..... i plan to take full responsibility this time with some help from pros here

Wow... your history says alot..

Those annoying analogue brokers, but thank goodness for tech..

We move..
Good luck!!!

YoungDaNaval:
You see why I said I need a coach? I don't even understand what you talking about

start with YouTube

Haven’t really seen Amazon mentioned a lot here

The price just keeps shooting up

We can not afford it but there’s a speculation that it’s going to split. So till then...

Olalekank:
Haven’t really seen Amazon mentioned a lot here

The price just keeps shooting up

Olalekank:
Haven’t really seen Amazon mentioned a lot here

The price just keeps shooting up

It’s mostly for dividend investors who are more concerned about stability of their portfolio. It’s not traders choice due to high price and low volume.

Hello everyone
I am new here. I just downloaded Chaka app. I really don't know how to fund it.

It's going to be a red day guys. pre markets are not looking good
Brace up

INVEST WITH THE INSIDERS- “SDC” (SMILE DIRECT CLUB)

One of the fairly risk free systems one can use to make profit in the market is to invest along with the insiders, especially the ones with track records of being able to time the market.

I love SDC as an insider buy because the trend is about to begin and we can see most of the directors buying heavily, including the Finance Head.

Let us mark the price as at to $9.80

Investing without a guide in the stock market can be a recipe for disaster. For more stock ideas, check our twitter page.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

Potential runner today, up 40% in premarket already
https://www.reuters.com/article/us-quantumscape-m-a-kensington-idUSKBN25U1JH
Ticker $kcac
It’s is backed by Bill Gates and Volkswagen

MissGoldenJewel:
Hello everyone
I am new here. I just downloaded Chaka app. I really don't know how to fund it.

Chaka can be funded by transfer from your bank account following the instructions on the app.
Avoid card payment as there is extra cost on using that option.

While going about funding your account, I advise that you study a lot about the market as well before committing your funds.

Develop a strategy, read up this thread for most of the knowledge shared here will be handy for you to make 're best investment decisions and then ask questions on the thread for guidance or direction.