₦airaland Forum

OvaSabi1:
I am still here

Skymoore1004:
we still dey here don’t worry

1kinggy:
How much do those subs cost you? E go pass some people's portfolio here, I fear.

YerYer:
My dear i'm still here. I plan to make some spontaneous trades this week and I will definitely post the moment I do so you can lose I mean make money with me. Expect more screenshots.

mikol:
@ OakPeal, YerYer, Skymoore1004 and others.
Good day to you. Which one is the best in opening an account with trading 212 for someone with a resident in Europe. Will it be better for the person to open the account with Nigeria resident or European resident?

YerYer:
This is a very healthy discussion to have. I'm by far the one person that post screenshots of my trades here and I've been called a "guru" here just as well as Oakpearl and many others. I wouldn't personally call myself a guru but this thread seem to breed a culture of mutual respect. I address people as "sir" and "ma", granted I'm sure i'm older than some people I salute in this manner, but again, its out of mutual respect. No one here is trying to outshine or belittle anyone. So you may not be talking about me directly, but I just want to point out that at least 80% of screenshots showing gains on this thread have been posted by me.

I've been investing in stocks since 2015 when I stumbled upon a thread here on nairaland by Jideams. Because of that thread, I got the confidence to finally test the waters in stock investing; before that, I just had money sitting in the bank earning less than 0.1% in interest. I have always used TD Ameritrade because they are easily the best broker in the business and anyone in the U.S, Europe and other countries can download the app for themselves and compare the UI between the demo and real accounts. I use both their TD Ameritrade and ThinkorSwim apps, they have different color schemes but your trades are in sync with each other, meaning any trade I carry out on the TD Ameritrade app or website automatically syncs on their ThinkorSwim platform and vice versa. They also provide a demo account for the ThinkorSwim platform but there's a difference in the color schemes, UI and a lack of an actual account number. Again please do not take this as a rebuttal for what you posted, its possible you are talking about folks on other websites like say Reddit posting trades with demo accounts and making it seem like its a real account, but I just want to say this because I'm sure there might be other people thinking along those lines.

In regards to posting weekly or monthly P/L, not everyone would feel comfortable revealing that much detail about their account. If not because of how busy I've gotten, I usually indicate what stocks i'm buying and I post screenshots of my entry. I also update when i'm selling or if i'm still holding. Anyone can calculate the weekly or monthly rate of return from those trades because they were posted at entry and exit, so there's no element of deceit. Occasionally, I might post screenshot of stocks being discussed on the forum that I hold or if a stock is in the headlines. I'm definitely not a day trader, however, If a company makes an announcement that might significantly move the stock price, I might initiate a small trade, ride the wave for a day or two and sell off.

You are a big advocate of long term investing and having a portfolio that mirrors the performance of the S&P and beats inflation. This is great and I strongly support whoever wants to take this approach but at the same time if we only talk about investing in indexes, there wouldn't be a need for this thread. I also invest in indexes and etfs via a traditional IRA, Roth IRA and a 403B; these are long term retirement accounts. But I also like to mix things up with short to medium term trades.

Let me close by saying no one should feel down because they aren't seeing the types of gains others are talking about. We know little drops of water make the mighty ocean. Any gains being posted here should serve as an encouragement and not a focus of discontentment. Our paths may vary, but we are all on the same journey to financial independence. No one here is selling any investment newsletter so seriously we should rejoice with people when they are making money, no matter how little. I love to read stories of new investors finally taking the initiative to invest in stocks and talk about their progress; they should be commended and encouraged because it does take guts to risk real money as a beginner. Like you said, it might serve most new investors well just buying an index and adding to it periodically, but there are also some new and more experienced investors here who want to pick stocks in specific companies for various reasons and that's fine as well. Lastly, new investors should stay the course and not just seek out quick profits, the power of compounding over many years will put you ahead.

afroxyz:
Everyone can post his trading/investing startegies. This is fine as people would learn a thing or two. The fallacy is when you believe yours to be sacrosanct. No strategy is the best because we all have different goals and temperaments and investing philosophies which are even influenced by the amount of capital we are ready to risk. Provided your startegy works for you, fine. It works for you but may not work for another person.

YerYer:
Not necessarily. I talk about my loses sometimes because it's part of investing. The truth is, we have been in a bull market for so many years that the gains outweigh the losses. Moreover, paper loss isn't a loss until you sell. So on days when the market is down, your portfolio will be down, but if you don't sell at that point, its not a loss and the market should rebound. I usually post some of my initial purchases here for transparency, its easier to track that way. Posting losses is also important so new investors don't think stock investing is an easy money making scheme with no risks. I've posted a few screenshot showing posts I made about my losses, there are even more posts than these

Ehuatamuigunisi:
Talking about losses will discourage new investors

OvaSabi1:
Nobody talks about their losses.

OakPearl:
My dear, you don follow see am na.
I gave a reply to a post and it was promptly taken down and a ban placed for no reason.

If only they know how much money would have been made by some forum members.
I have decided not to be discouraged by this flawed system.



I was also gonna advise my brother Skymoore1004 to sell his LVGO based on what I saw but nairaland mods said "no way" and then it started descending.
I believe he must have taken the best decision on that though.

So yes, am back and will keep grinding, sourcing for value and sharing until I chop another ban for no reason.
Wealth creation is a habit developed and manifested by the truly wealthy.

AkwaIbomMan:
prayers for what exactly?
Thought the wife already confirmed his late husband is in heaven so why are they still praying?

omenka:
From the very beginning, human civilization has witnessed the inevitable rise and fall of great empires- from the Persian through the Roman to the British, with the passage of time.

None can last forever.

Perhaps, we are witnessing the sun set on the American Empire, and naturally so.

They've courted and have been courting too many great enemies, not the least of which are China and Russia, while relying heavily on their military might to bully or bludgeon their way through every problem they find themselves. The interference of such countries in extremenly sensitive domestic affairs of a sovereign nation never ends well. But you can't blame them, the elections in US are becoming more and more compromised.

Even friends of US in NATO and beyond (except perhaps Saudi Arabia and Israel) are fast becoming alienated from them, and this to me even signposts greater danger than their domestic racial problems. You need very strong and loyal friends and allies to tame an evermore belligerent foe like Russia or China.

OvaSabi1:
What message please?

OakPearl:
Am in Overstock for the long term.
Not selling.
If you are in for trading and have met your investment objective, you may sell and care less if it rises higher.
You remain the CEO of your portfolio.
Congrats on hitting the $90 mark.

YerYer:
OSTK reported stellar earnings. I'm up almost $1500. Plan to hold until stock reaches $90.

OvaSabi1:
Please sell your SPCE now. Virgin Atlantic just filed for bankruptcy. I wish SpaceX has gone public, that or Blue origins could have been a better space exploration stock to buy because they are getting contracts from NASA and other government military agencies. The video from SPCE that came out a few days ago was not even from a real space craft as I read. Don't take my word for it, do your due diligence.

As for Jumia, I never jumped on it- not even now, because I feel it is a falling knife. You should not catch a falling knife. Even if it gets to 100, I won't regret. Please don't take my word for it without due diligence.

OakPearl:
Based on earnings just released and those anticipated this week, the following stocks offer a good proposition for some quick gains.

Chegg
Twilio
Beyond Meat
Nikola
Moderna
Roku
Fastly
Square
Plug
Datadog
A good entry and due diligence advised.

Skymoore1004:
Is it just me or gpay is not processing payments on Nigerian cards currently?

OvaSabi1:
An exchange traded fund will buy shares in a particular sector. They can buy shares of the top 50 most capitalized stocks in the tech sector. This is for people who don't have money to buy everything and who want to spread the risk of investing in just one company. There are ETFs that buy shares in biotech pharmaceutical companies too. Numerous categories, but if you enjoy taking risks, you may not like it. Although if I may add, there is research that people who invest in these funds usually outperform single stock buyers like us. The only problem is that this performance is usually tracked long term.

OakPearl:
I begin to feel like exiting after 50% -100% for stocks I bought for very short term. But along the line, they could end up giving me reason to hold longer based on their fundamentals or a very progressive business decision that could bring in more gains.
Its a very delicate play as there is no straight-jacket approach to this if you want to be successful.
Different stocks behave differently in their fluctuation patterns. Some are more defensive in their dips than others.
A lot of times, your personal choice will have to come into play as no one can predict how long a fluctuation occurs.
This is why I leave exit timing to individual investors even if I give entry call/timing.
In the end, as long as money is made, no need regretting exiting too early.
Just keep winning that's all.

OvaSabi1:
Facebook also planned to launch Reel, a tik tok competitor this month. Just to notify everyone thinking of selling their Facebook stock for Microsoft. If you're patient enough you can wait or load up on ETFs that are FAAMG heavy if you prefer to play safe.

OakPearl:
Very gratifying to hear.
We just want you to keep winning.