₦airaland Forum

If you make investment decisions based on the price movement of any asset in a single day, you’re unlikely to thrive for very long

what does it mean?

seyisanya:
60-60-60 million cross deals ongoing...

Coyndesk
coynbase
binance
cry.ptodotcom

Doctorvital:
Good morning bosses
I want start investing on crypto
As a beginner which app is best for me to use
And which coin can I invest on

What strategy you might adopt to play the storm:
1. Buy on dips. This is a golden goose moment.
2. Do not go all in. Keep enough to average your losses and keep accumulating.
3. Stay away from Penny coyns.
.

Enyinne:
I need direction .
Can i use my Nigerian dollar card to buy btc on binance?
Whats the charges like ?

Is btc / usdt same as btc . Pls explain as i want to buy btc

I do nt think so, but try and let know how it goes

I just wanted to get the calculation right

emmanuelewumi:
Commissions on buying and selling, taxes to FG, dues to CSCS, NSE and SEC

Investment is dependent on a couple of factors really... if you do not have a job that requires much of your time in your current operations, then it’ll be wise to further invest in yourself- learn a skill, take paid online courses, sharpen yourself.
You might not even be needing up to 600k to do that (except you learn a skill that further requires you to get equipments)

But if your current job doesn’t give you the luxury of time (a currency a lot of people don’t have in excess), then you can think investment, a passive source of income- I’m not gonna he suggesting anyone for you. But I’m sure in your many years on earth people would have whispered some investment ideas in your ears.

Do your findings on them, get in touch with experts in the field and see what you can find.
N600k is a lot of money, I hope you do not make the wrong decision.

Cheers!

Dear dollydolly,
It is either you have used the BVN to open an another account before, is actually not from their end. Please, kindly check and revert. Thank you

dollydolly:
I also have issues verifing my BVN on trove. I get notifications that it has been used on another account

emmanuelewumi:
It is a facility for traders and speculators.

Assuming you have a N5 million portfolio, you can get a trading facility of N5 million at 16%.

If you bought Zenith Bank shares at N11 with the facility in April 2020 during the lockdown and decided to sell in October at N20.

Your N5 million shares will be sold at about N8.8 million after making room for commission.

Your loan plus interest will be worth N5.4 million in 6 months. Subtract it from N8.8 million, you have a profit of N3.4 million.


But again instead of an upside, you might have a downside. Reason why this is not for everyone, except you have some level of knowledge, information and experience

is it not suppose to be N20-N11=N9*5 millions shares?

Here are some reasons why they fail:

Risk management and leverage: you need to plan a scenario before your trade for any possible movements. You need to have an exit strategy that you stick to that also doesn’t become risky. It is better to lose 50% of the time when 50% of the time you are quadrupling your money than to lose 10% of the time but only making 5% of your money every time you win.

Emotions: every successful trader ditches emotions. When you let emotions get to you, trading literally turns into gambling. Most people lose money with gambling too, so don’t let emotions get to you.

Invalid strategy: most traders do not test their strategies correctly or stick to their rules of their strategy. You need to test your strategy constantly and stick to the rules if it’s making you money to become successful. Many traders do not use indicators successfully, and many indicators actually can cause traders to lose money depending on the way they use them. It is really all about having the right knowledge.

The5DME:
I'm currently learning how to trade forex. But I want to learn frombhe elders why people lose money trading forex because I've heard a lot of people say forex is akin to gambling.

Cc: karleb krazydave20

Most Forex traders don't understand how Smart Money profits. They trade based upon limited information which typically results in a losing trade. Eventually they throw in the towel and give up.

Just about everything Retail Forex traders do is the exact opposite of what professional traders do. Most of the information available to Retail traders will not help them be successful. They continue to look for something to supercharge their trading and they never quite seem to find it.

Trading is not about finding a secret like finding the "Hidden Immunity Idol" on the TV show "Survivor". There is no secret. Trading is a mind game which is fought in your head not on your screen. What happens on your screen happens with or without you. Your participation doesn't change what happens. What you do and how you participate in the order flow determines whether you win or lose.

Forex traders need to change their thinking, their trading mindset, and how they participate. If they are always losing they must be doing something or many things which are not profitable and not in their best interest. The market has no idea that any individual trader is present in the market and is losing consistently.

When Forex traders or traders in any financial market for that matter start to change the way they trade and do the things that professional traders do they will immediately see an improvement in their results. As their results improve they will gain confidence in what they are doing which in turn will help them to stay in the game and eventually they will turn the corner and become net profitable.

Summary
There are more reasons, but these are MOST reasons. My recommendation is that you need to trade with “fake money” first, then master these pieces of information above, and then once profitable consistently trading with fake money, then go out there and trade for real. The only problem is 19 out of 20 traders just actually do not follow through and correctly complete these steps I am giving you. If you can complete this correctly, then welcome to the top 5% (the successful traders)

ojesymsym:
OPM!!! I think there is a church so named.

Anyway, OPM in the context of this thread, funny thing is that ahib, NL1960 and lazyyouth are basically saying the same thing using different jargons, terms, grammar, terminologies and different case studies.

OPERATING PROFIT MARGIN (OPM)

We cannot continue to play ludo with the lives of our innocent kids. If Buhari cannot secure the lives of Nigerians, and he has shown he cannot, he should RESIGN.
Enough is enough!
I feel for the parents of the school girls, it very annoying, they vandalise, if na me na to burn the school down

OSINBAJO ON CRYPTOCURRENCY!

Vice President Yemi Osinbajo speaking at the CBN Bankers’ Forum today said there is need for regulation and not prohibition of Cryptocurrency.

There is Hope guys!!!!!!!!!!!!!!!

1. REGULATION NOT PROHIBITION of Cryptocurrencies

2. we need to be prepared for that seismic shift cryptocurrencies is coming with

MY 4 REASONS WHY IT MUST BE REGULATED
1. Terrorist organizations exploiting the anonymity afforded by blockchain technology for fundraising and finances
2. Stabilize Values
3. Eliminate Fears
4. Tax Issues

We are battling in security and so we must really regulate the flow in and out of crypto

Dear Klabi,
The reason for this is because of the date of birth (DOB) provided on the app is different from the one on your BVN or vice versa.

klabi:
trove , I trade with bamboo currently though having issues verifying my bvn on trove

As for Sheikh Gumi....

He's one of the reasons why Nigerian politics is hilarious...

Some dude shows up from nowhere and begins to dominate the news headlines for months..

We are discussing a potential implosion of Nigeria and Gumi is the headline figure....not Buhari.

Lol...


At least Patience Jonathan spoke up and people laughed at her, called her all sort of names. Where has Aisha Buhari been in the last few weeks that 2 schools have been attacked and little boys and girls kidnapped?
https://www.nairaland.com/6431880/abc-investing-us-stocks-market

Dear ebukason3,

Thank you for such feedback. I would not know what happened to the previous group, however, k indly use Nigeria Investors in US stocks Market or teedotmeforwardslashNUSSM
Tee (T)
Dot (.)
Forward slash (/)

Focus on your GOALS

Terriwaya:
Prove naysayers wrong until old man begin cry for crypto matter.infact I don begin cry

You don’t need to dress nice to let people know you have money. Just check your bank account. It won’t lie to you! It’s time to take charge of your life!

Thank you, please is it meritade or arm ?

gamaliel9:
Good morning everyone. On suspension of my trading account

@ Zimams, last year i did that KYC with them.Where i was even required to input my bvn too.
@ Hamachi, I have written to them this morning, and waiting for their reply.
@ Toluway, I bought with market price, i was buying long term till Zenith bank disappears . Meritrade suspended my account sometime last year, then accused cscs..then told me it will be sorted out. After three days, they informed me that i can start trading again. No word on what caused it.

This is a good result considering the Pandemic year

Mcy56:
WEMA BANK:
http://www.nse.com.ng/Financial_NewsDocs/32462_WEMA_BANK_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2020.pdf

emmanuelewumi:
Exactly. It is a speculative position, which I take once in a while

It is a 180 day loan, with opportunity for a rollover.

If it is a term loan needed for the expansion of my business, I can borrow 100%

hmmmmmmmmmm

The investor’s chief problem, and even his worst enemy, is likely to be himself — Benjamin Graham, Warren Buffett’s mentor.

In 2020, it seemed like stocks/cry.pto only went up…

You could buy almost any growth stock and you’d be up at least double what the S&P 500 is up.

My individual stocks are up 220% in the last year.

I say this not to flex but to highlight that despite not being a master stock picker, I have greatly outperformed the market.

This is NOT sustainable, yet a lot of new investors think it is. When I explain that returns of 7-10% are more realistic long-term, they laugh.

Control your ego, for if you don’t, you’ll eventually be punished by the market.

emmanuelewumi:
Investment is a game of probability and calculated risk.

That is just my own risk management strategy

If I have a portfolio of N10 million, I won't leverage more than N2 million eventhough the lender allows me to draw up to N10 million.

In case of any mistake in my forecast and calculation, I can always come out fine without losing my shirts and swimming naked.

Are you saying you will not borrow more than 20%?

emmanuelewumi:
Try microfinance banks at 3.5% per month, that is 42% per annum

What are 3 most important financial ratios we should study before investing in stocks?
What are the best ratios to look for when buying a stock?
I found an interesting article by John Dobosz (forbes stuff) which will give the answer to your question! Here are ten financial ratios that can tell you most of what you need to know when you’re scouring the market for good stocks to buy.

1. Price-Earnings Ratio (P/E): This number tells you how many years worth of profits you’re paying for a stock and you calculate it by dividing the stock price by earnings per share. All things equal, the lower the P/E the better. The most frequently used earnings number in the calculation is the total earnings per share over the past four reported quarters. You could also use “forward” earnings, which is the average of Wall Street’s forecasts for the current fiscal year.

2. Price/Earnings Growth (PEG) Ratio: The PEG ratio is another Benjamin Graham invention which attempts to measure the degree of a discount or premium you’re paying for growth. The calculation is to divide the P/E ratio by the long-term annualized percentage growth rate of earnings, ideally the next five years’ worth. A result of less than 1.0 implies that the market is not fully valuing the prospects for future growth.

3. Price-to-Sales (P/S): Similar to the P/E ratio, the price-sales ratio divides that market capitalization of a stock by total sales over the past 12 months, instead of earnings. Popularized by investment manager and longtime Forbes columnist, Ken Fisher, the price-sales ratio tells you how much you are paying for every dollar in annual sales.

4. Price/Cash Flow (P/CF): This useful measure of value is obtained by dividing the market value by operating cash flow over the prior 12 months. It strips out items like amortization and depreciation from earnings and focuses on cash generated by the business. This provides a better way than P/E for comparing valuations of companies from different countries that have different depreciation rules that can affect earnings.

5. Price-To-Book Value (P/BV): This ratio tells you how much you’re paying for every dollar of assets owned by the company, and you calculate it by dividing the market capitalization by the difference between total assets and total liabilities. The idea is to approximate how much money you could put your hands on if you shut down the business and sold off everything. As with most price multiple metrics, price-to-book is best used by comparing present multiples to historical averages.

6. Debt-to-Equity Ratio: The fundamental accounting equation tells you that assets equal liabilities plus equity. The debt-equity ratio is a measure of financial leverage telling you the percentage of a company’s assets financed by debt. The formula is to divide total debt (or just long-term debt) by shareholder’s equity, two items both found on the balance sheet. Off-balance sheet items like pension obligations should also be treated as debt.

7. Return On Equity: ROE measures a company’s efficiency at generating profits from money invested in the company, and it is derived by dividing by net income by shareholder’s equity. It’s a very handy measure of management’s effectiveness but it’s not useful for ascertaining value of early-stage companies that do not produce profits. For example, Tesla Motors (TSLA) has a -115% return on equity.

8. Return On Assets: Similar to return on equity, return on assets is a measure of management effectiveness obtained by dividing net income by total assets. A company with a higher ROA is usually preferable to one with a lower ROA, since it shows the ability to grow profits more efficiently from a given base of assets.

9. Profit Margin: Rising sales are great but they’re not so wonderful if they come at the expense of profit. Profit margin shows how much a company earns from each dollar of sales and is arrived at by dividing profit by sales. The number you get depends on the kind of profit you choose. Gross profit, which is sales minus cost of sales, is the simplest measure. Operating profit is gross profit less overhead items, and net profit (income) is what’s left after paying taxes.

10. Dividend Payout Ratio: If you are looking for yield from your equities, a fat dividend yield can appear quite enticing, especially in a low interest rate environment. The danger of a high yield is that it can be unsustainable, and when it’s eventually cut, you not only lose out on the income but the share price will often take a hit.

Good luck!

Trading itself is a harmless activity. It is as harmless as eating an ice cream. But yes, you all know what happens when you eat 6 ice creams in a day. You will obviously catch cold. It can be as pleasant as creating something new. Because when you trade well, you make money. At times, lots of it.

What makes trading dangerous is the trader himself. And yes, it can be awful. It can be destructive and humiliating. A series of bad trades can shatter the trader's belief in himself. This is how trading is dangerous:

1. Trading losses can wipe off one's capital and drive one away from the market. At times, forever.
2. Intraday trading is a roller coaster ride. It can subject one to extreme emotions of invincibility and defeat within a short period of time.
3. It can make one believe that everyone else is stupid. “Why are these people working 80 hrs a week when they can earn a month's salary in a day?” There is no shortcut to success.
4. It can make one think one is a loser even if one is not. Many traders cannot help but regret those trades where they would have earned much more had they not exited early or the trades where they would have not lost much had they made an early exit. One often fails to understand that one 'wins' when one is on the right side of the trend. Wins or loses in the market should not be taken personally.

One must remember that although markets are getting increasingly dominated by high frequency trading systems, it is humans like you and me who design these systems. These systems can act only in the way they are programmed. These systems cannot ever be a replacement for the human mind. These systems will try to fit new occurances in their own scheme of things. These systems obviously lack the human quality of curiosity. They will fail in case of a black swan event. But a few humans will smartly make money from the same event.

Stock market becomes a casino when you trade every time you sit in front of your trading terminal. It will not be so if you decide to take only those trades where the rewards far outweigh the risks. The secret of success in trading lies in knowing when not to trade. The lesser one trades, the better are the trades one selects.

Having said all the above I must confess that I am still learning how to be a good trader.

DO NOT COMPLICATE THINGS
When you see? invite them
Have a question? ask
Do not like something ? say it
Want it? Go get it
Love a soul? Tell them
Stop over complicating things, the best way to get what you want is getting straight to the point

Here another business Idea

As more phones get wireless charging capabilities the demand is rising
You can buy chargers in Bulk and ship from china on Alibaba

Terriwaya:
Man this dip really did me dirty. In so much loss I can't back down now

They dot call you terriwaya for nothing, keep it real man, down but u aint out. Prove the naysayers wrong!