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Nairaland Forum / Nairaland / General / Investment / Us Stocks Pick Alert (609608 Views)
MTN Shares Pick Alert / My Stock Plays in US Stocks Market / Buying US Stocks From Nigeria (2) (3) (4)
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Re: Us Stocks Pick Alert by lavylilly: 9:24pm On Feb 12, 2021 |
1kinggy:They should be fast they have more stocks than Passfolio, bamboo ,trove & Chaka combined. Commission and exchange rate is VERY low compared to the mentioned apps. 5 Likes |
Re: Us Stocks Pick Alert by posty56: 10:32pm On Feb 12, 2021 |
1kinggy:thank you! ,I see a lot of copy and paste from telegram groups and Twitter here and I just shake my head. 13 Likes |
Re: Us Stocks Pick Alert by QuinModah(f): 9:35am On Feb 13, 2021 |
Invest what you can afford to loose don't follow the crowd, due diligence is advise, smart Investors enter the market when it's quiet and make profit when there is an upward trend. If you ain't ready to invest your time, money and resources to researching LEAVE the market immediately Good morning! 6 Likes |
Re: Us Stocks Pick Alert by QuinModah(f): 9:55am On Feb 13, 2021 |
1kinggy:There will always be looser and winners that how the market works.The market needs new fresh of looser, let them dump more 1 Like |
Re: Us Stocks Pick Alert by Coolcash1: 10:02am On Feb 13, 2021 |
1kinggy: Like yours truly. Just did mine anyways since last year. 5 Likes |
Re: Us Stocks Pick Alert by tot(f): 10:05am On Feb 13, 2021 |
QuinModah: The purpose of the thread is to help people WIN, subject to them doing their due diligence. 8 Likes |
Re: Us Stocks Pick Alert by Coolcash1: 10:43am On Feb 13, 2021 |
I know we have a lot of newbies joining the forum now to trade in US stock market and it cannot be overemphasized, the need to always go extra mile before investing in any stocks. Same goes for the useless reddit stock alert disguised under fighting HFs (hedge funds) in shorting under performing stocks. People should not blindly follow alerts or stock picks or copy trading thinking they could make fast money from it because more often than not it always end in premium tears! The truth is, 99% of the time, the person/analyst giving the alert has already taken position in the stock and needs to push the price up. So that people don't get me wrong and those who have taken it upon themselves as a service to this forum by posting stock alerts don't get discouraged, their selfless spirit is appreciated but there is need for users of such information to carry out due diligence on their own before committing your hard earned funds. Where you are deficient in skill and knowledge to carryout such exercise, follow the steps below; 1. Is the stock trending or consolidating? 2. What is causing the stock to behave or move in such manner? 3. Look for news catalysts; launching of new products, FDA approval, strategic alliances (GSAT and Qualcomm) etc 4. Find out the nature and performance of the company's product? 5. Is it a single or multiple product company? 6. Does the product give the company competitive edge over its competitors? 7. Is the company growing demand for its product or shrinking. 8. Is there any government policy which may likely impact or boost revenue performance of the company 9. Is revenue growing or declining? If declining, ask why? 10. Is operating income (profit before tax) growing at expected rate? 11. If the company is at development stage (most bio-tech companies fall under this category), what is their cash burn rate? 12. Check the liquidity condition. What is the size of cash at bank? Is receivable decreasing or increasing viz-a-viz short term payable. How is operating cashflow utilized. 13. Does the company have debt in their capital structure or solely equity financed? Note that too much debt exposes shareholders to huge financial risk? 14. Is the debt performing or not. 15. Look out for any going concern threat e.g hertz cab, AMC, etc 16. Insider trading 17. Resignation or employment of key management staff e.g. managing director, chief finance officer etc 18... Any other relevant information. My one cent. 21 Likes 6 Shares |
Re: Us Stocks Pick Alert by QuinModah(f): 11:13am On Feb 13, 2021 |
tot:Ma'am the US stock market is not like the NSE. From the little I have read here just a handful are doing DD. Many are just following the crowd and will get hurt in no time. 3 Likes |
Re: Us Stocks Pick Alert by tot(f): 11:16am On Feb 13, 2021 |
QuinModah: I never said the 2 markets are the same, was simply responding to your comment that the market needs more losers so the dumping can continue. 7 Likes |
Re: Us Stocks Pick Alert by QuinModah(f): 11:18am On Feb 13, 2021 |
Coolcash1:The bolded is what sub/Reddit group did the group onwer made $11m after taking position, has been verified by Twitter, has a Telegram group, Instagram page and a Facebook group, many that joined THE CROWD are in premium tears, other sold at a loss, other are hoping the price will trend soon. 13 Likes |
Re: Us Stocks Pick Alert by QuinModah(f): 11:22am On Feb 13, 2021 |
tot:Yes they do, the market need more looser/amateur who are not ready to take the time and pain to read, research and DD. People will loose money, many will quit and some will make great returns Let them take the position I call "Monkey see, monkey do". 7 Likes |
Re: Us Stocks Pick Alert by tot(f): 12:22pm On Feb 13, 2021 |
QuinModah: My point is the aim of this thread is not to create or add to those losers. 14 Likes |
Re: Us Stocks Pick Alert by EarlyCareer: 1:01pm On Feb 13, 2021 |
Thanks kings, coolcash, quinmodah and other contributors. I agree. The intention to share is good, but the copy pasting is too much o! Especially not even crediting the source of the copy/paste even when it is so obvious! - we all know you didn't write that shit Let's have engaging discussions as it used to be before. You could share what you got from your telegram group and ask for people to comment, but continuous bombarding of telegram posts sha.... EDIT: to add to what others have said, wallstreetbets and some of these telegram groups are not very good places to learn about US stocks and investing. Stick to level headed good ones. 15 Likes 1 Share |
Re: Us Stocks Pick Alert by Leezah(f): 1:14pm On Feb 13, 2021 |
It been a crazy journey so far, there has been ups and downs in this market. I started out with as little as $10 and today I am @ $125. Thank you OakPearl for your input. As a young investor, be SMART and not GREEDY, 15%-20% is a good PROFIT but if your fundamentals & DD are good, you can hold for as long as you wish. In addition, I have been learning and still learning, here are few I learnt - The success or failure of a trader depends on EMOTIONS - You are RESPONSIBLE for every trade the market invokes - Plan a trade and trade a plan - Know your entry and exit plan & reason for such trade - Do not make a decision or trade in the spur of the moment because your sense of judgement is beclouded - Impulsive trade are very dangerous - Have a limit to the amount you can risk in a trade i.e. avoid risking more than a certain percentage on your capital e.g. if you started out with $1000, do not risk more than a certain percentage determined by YOU on a trade - Learn as much as you can, ask questions - Do not get GREEDY to trade - Design a trade system that will trade less often - Develop a method for analysing the market e.g if A should happen B should be in profit -Develop a money management plan e.g how much you will invest monthly, quarterly and annually - if you are not sure of a trade, air on the side of caution - Do not deal with brokers with high commission, shop for the one with the lowest commission - Traders LOOSE because of lack of DISCIPLINE or IGNORANCE. - MULTIPLE STREAMS of income is the key to your financial break-through. Further more, Bamboo, Passfolio, Trove dont have all stocks but take out time go through the stocks in your app. An Investor once said, "invest in your girls friend" they love to wear shoes, bags, clothes, wigs, makeup, lipsticks find the fashion company in your app. I am trying to olayt into the NSE because with the rising insecurity, health challenges and protest will trigge higher risk in a year married by global pandemic. Allocate 2% to 8% of your liquid assets to sensible speculative assets or Investments. Finally, a trader/investor is the weakest link in any trade- Alexander Elder. Thank you. 11 Likes 1 Share
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Re: Us Stocks Pick Alert by Karleb(m): 2:13pm On Feb 13, 2021 |
EarlyCareer: I noticed this too. So many traders forming pro based on copy paste without reference. From my experience, there intention is not always good. 13 Likes |
Re: Us Stocks Pick Alert by Leezah(f): 2:18pm On Feb 13, 2021 |
Don’t spend all your income because it’s not enough. I’ve been there. The 5% or 10% you keep changes you and gives you a little control over the future. Nature teaches us to keep seeds from our harvest. Besides, many went broke few days into the lockdown because of no savings -Sam Adeyemi 8 Likes |
Re: Us Stocks Pick Alert by Leezah(f): 2:26pm On Feb 13, 2021 |
lavylilly:Karleb and earlycareer great input but this group in particular are for newbies, I was once there but left |
Re: Us Stocks Pick Alert by Leezah(f): 2:29pm On Feb 13, 2021 |
lavylilly: 1 Like |
Re: Us Stocks Pick Alert by EarlyCareer: 2:31pm On Feb 13, 2021 |
Karleb: Sure. I honestly cannot say. It is not a crime to admit to being a learner. Many of them are newbies in investing but treat it as ponzi. On observing, you will notice a trend. Whether to give off a better opinion of themselves or not, one cannot say. Because one does not want to be misunderstood as a person discouraging others, you are most times tempted to keep quiet and keep observing. I can never know why a person will pretend to give information he or she cannot defend. This copy paste habit discourages good conversation here. Sometimes they will even modify the post a bit, sometimes over dramatic motivational posts are included..that's one of the reasons the thread is loosing it's value slowly, in my opinion. Well, I hope things improve. I don't day trade but a lot of us like the learnings here. 13 Likes |
Re: Us Stocks Pick Alert by Bulletproof: 2:39pm On Feb 13, 2021 |
What trading platform can I use for day trading aside from Trading 212. I've been trying to open an account with T212 and its taking forever. Sent them a mail and they replied that they are not taking new customers at the moment. NB: I currently use bamboo btw. 7 Likes |
Re: Us Stocks Pick Alert by DextrousDavid(m): 2:59pm On Feb 13, 2021 |
Leezah: Thanks for this ma'am 6 Likes |
Re: Us Stocks Pick Alert by posty56: 4:16pm On Feb 13, 2021 |
abeg who dey follow Zack Morris and pj patlock for Twitter? those guys are mad pumpers. edit: especially their SPAC stocks ,they leave their followers with bag and I meant that negatively 10 Likes |
Re: Us Stocks Pick Alert by Leezah(f): 5:35pm On Feb 13, 2021 |
posty56:True but make sure you have a strategy 3 Likes 1 Share |
Re: Us Stocks Pick Alert by QuinModah(f): 5:39pm On Feb 13, 2021 |
tot:World markets attract speculative capital like moths to a flame; most people throw money at securities without understanding why prices move higher or lower. Instead, they chase hot tips, make binary bets, and sit at the feet of gurus, letting them make buy-and-sell decisions that make no sense. A better path is to learn how to trade the markets with skill and authority. They should start with a self-examination that takes a close look at their relationship with money. Dothey view life as a struggle, with a hard effort required to earn each dollar? Do they believe personal magnetism will attract market wealth to them in the same way it does in other life pursuits? More ominously, have they lost money on a regular basis through other activities and hope the financial markets will treat you more kindly? 4 Likes |
Re: Us Stocks Pick Alert by posty56: 5:51pm On Feb 13, 2021 |
Leezah:lol I don't follow their calls I just follow them for fun thanks, by the way your portfolio is looking great . 5 Likes |
Re: Us Stocks Pick Alert by IyaTola: 7:22pm On Feb 13, 2021 |
suzzyrims:hmmmm, they advertise their Mentorship class a lot and it expensive in my own opinion 5 Likes |
Re: Us Stocks Pick Alert by IyaTola: 7:23pm On Feb 13, 2021 |
LauraClasikVibe:Na wa o, why are Telegram group 2 Likes |
Re: Us Stocks Pick Alert by IyaTola: 7:35pm On Feb 13, 2021 |
hakeem4:Yes 4 Likes |
Re: Us Stocks Pick Alert by IyaTola: 7:36pm On Feb 13, 2021 |
klabi:can you answer these question? 1. what do you know about stock market? 2. differentiate between bull & bear 3. what's is bid price and ask price? 1 Like |
Re: Us Stocks Pick Alert by layzie86(m): 9:00pm On Feb 13, 2021 |
Has anyone tried using the stop loss order on Trove? While I was in profit on a demo, I tried using it to set stop loss. I got alerted that the stop order only works for whole shares and not fractional shares. So I had to set the stop loss to exit partial (whole) shares at a loss should in case the market reversed. Only for me to observe that my current shares holdings was reduced by the amount of whole shares set in the stop loss order without the price reversing to test the stop level. I was even charged a fee for the transaction. This got me confused why that was the case as my believe was that price needs to reverse and hit the stop loss level before taking any closing action on my position. I just want to know if there is something that I'm doing wrong. I hope I was explicit enough � 6 Likes
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Re: Us Stocks Pick Alert by 1kinggy(m): 11:50pm On Feb 13, 2021 |
QuinModah: There'd be a dead cat bounce before the cremation. 5 Likes |
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