yazga:
Thank you Kingdemu.

You welcome Boss

Good morning Sky123,

You can start with signing up with my signature we both get FREE shares of Dangote Sugar or GTbank.

I must commend you for taking these steps, it not easy especially for a young man of your age. Kudos to you.

Dear oloyedelove, I do not think there is any online broker in Nigeria that allows that.

Good Job Op. Do you need powerbank for laptop, over ten hours guaranteed and twenty hours possible. Increase your productivity and work when you like. Don't get mistaken for a Yahoo boy because of your generator noise .

Nasdaq is definitely drunk right now, can’t tell if it’s gonna come back up or drop more at this point. Hope it stays above 12,770

I hope those that are swearing by the WSB stocks actually see what’s going on....they were rising and the market fell, as soon as WSB stocks start dropping the market wants to come back up. I cannot stress this enough....GME goes up, Market goes down. It’s literally showing everyone....I’d be okay if they suspended all WSB stocks indefinitely until the market is going to correct. Gosh that gets me heated. We need to fix this damn bloodfest.

Everyone can't keep all their stocks for 5,10,20 years.
The long-term thing is now being misused.
For some the stock market is their main business.
If one cannot take profit for 10 years, wahala go dey ooo.
Just left targeting the left of the lion to weaken it and prevent an attack.

What many fail to understand is that there’s been severe bleeding and so when you enter certain trades, you will not even break even by the time those stocks make a jump.

It’s not that clear cut ladies and gents.

Reasons FINTECH require your BVN

- Because this reduces the incidence of fraud and money laundering.
- It is also used to authenticate that the user is actually who they say they are. Even if you go to a physical brokerage house you would still be required to submit your BVN.

*LETTER TO A YOUNG INVESTOR*

Recently my firm was hiring a junior analyst – someone who’d work directly with me. In the past we’d post an advertisement and get hundreds of resumes and we’d have to dig through them trying to identify a candidate with the right pedigree and relevant experience.

We have probably employed thirty interns over the years to help us with research. We have learned from experience that educational background, prior experience, and even working toward the CFA designation had very little predictive power as to whether a person would end up doing great or just mediocre research. I decided to take a slightly different approach to hiring for this position. There was only one factor that really mattered to me this time – passion.

Yes, passion!

Investing, though it can be an incredibly intellectually stimulating and rewarding endeavor, can also be (and often is) very frustrating. Thoroughly researched and well-thought-out decisions don’t always result in the expected outcomes (you can thank Mother Randomness for that). But even when decisions do pan out, the time for gestation to fruition may be years.

Passion is the fuel that keeps a diehard, process-driven value investor going through the times when the markets are divorced from reality, when it feels like you are living Einstein’s definition of insanity – doing the same thing over and over again and expecting a different outcome.

There is a saying in basketball: You cannot teach height. In investing, you cannot teach passion.

How do you find out if applicants actually have passion?

Build barriers for candidates to climb. I intentionally made applying for the job a very time-consuming exercise. We asked for the following from the candidates: List the books you’ve read over last twelve months (not limited to just investment books); give us a sample of a stock idea analysis; write a few paragraphs about two people (dead or alive) who impacted you the most and tell us why; tell us about three books that have impacted you the most and why; and finally, write us a cover letter to tell us why we’d be making the biggest mistake of our professional lives by not hiring you.

We contacted local universities and posted this position on social networks. Someone on Facebook opined that he would not want to apply for a job that required so much effort. My reply was, I only need one person (and it was not him).

We received four dozen applications. Most of them were just resumes with a standard cover letter that predictably said something along the lines of “Dear hiring manager, I am awesome. Hire me” – we completely ignored them.

However, we received a dozen submissions that answered every question posed by the job description. We carefully studied these submissions, conducted several interviews, and hired a person who went far and beyond what we asked for in our questionnaire.

After this process was completed, I felt that I owed the candidates who had done their homework the courtesy of at least paying them back with my time. I contacted them and offered to meet them in person or over the phone.

Here is why…

I know exactly how most college graduates feel. I remember that when I graduated from the University of Colorado in 1997, felt completely lost. I had no idea what to do next. As I was thinking what advice I’d give our candidates, I realized I just had to think what advice I’d give myself twenty younger. I did what I usually do when I think – I sat down to write.

So here it comes.

A Letter to a Young Investor (or my younger self)

To quote Mark Twain, don’t let schooling interfere with your learning. I recall that when I graduated from university, I was feeling invigorated by Modern Portfolio Theory (MPT). I was ready to calculate betas and go on the expedition to look for the efficient frontier … only to discover that MPT, though it won Harry Markowitz the Nobel Prize, was not used by practitioners. It is used by academics and consultants (the latter being academics who could not quite make it in the real world).

MPT is a model, and just like many economic models, it comes with a warning label in small print: Ceteris paribus, which translates from Latin as “other things being equal.” Be very wary when you see this phrase; it is asking you to ignore what did not fit into the elegant formula, which in this case is the assumption that humans are rational. Creating a theory based on this assumption is as useful as building a plane by using physics that assumes the world is flat or puts gravity in ceteris paribus small print.

I have had thousands of conversations with other professional investors, and I have yet to have a deep and meaningful conversation or debate about beta or the efficient frontier.

Find yourself. Investment strategy is like a piece of tight clothing: Just because it fits and looks good on someone else, doesn’t mean it’s a good fit for you. Your investment strategy has to fit your personality; it has to wrap around your biases and life experiences. You’ll only discover your strategy, the one that fits your personality when rubber hits the road, when you start putting real money to work.

Which brings me to the next point.

Just do it. The best way to learn investing is by doing it. Don’t do paper portfolios. Take as much money as you are can afford to lose (because you may lose it), and invest it –. Look at this sum as real-world tuition and start investing one stock at a time. The most difficult part of investing is staying rational when you get punched in the face by the markets. Paper portfolio doesn’t punch you in the face; the worst they’ll give you is paper cuts. Understanding the emotions that losses and gains evoke in you and dealing with these emotions is incredibly valuable.

Don’t focus on building a properly diversified portfolio. Your initial focus should be stock analysis, not portfolio construction. You simply won’t have the time to do enough deep research to build a diversified portfolio of 15 to 25 stocks. At this point in your career, depth is more important than breadth.

Invest, don’t gamble. Do the analysis with the diligence and care that you would bring to investing your parents’ retirement savings.

Document your research. Imagine you are working as an analyst at a mutual fund and writing a pitch for a stock to a portfolio manager. And then after he has listened to your advice, you are updating him on what to do next. I promise you this: You’ll learn a lot from documenting and writing up your research. This will keep you rational. And there is another important benefit: When you apply for an analyst job, you’ll have something to share that sets you apart from everyone else (many with better educational pedigrees) applying for the job.

I’d recommend browsing through investment writeups on ValueInvestorsClub.com. This website was started by Joel Greenblatt – a terrific investor who wrote The Little Book That Beats the Market and You Can Be a Stock Market Genius. (By the way, I highly recommend both books.) It has 250 members (I am a member). It is very difficult to become a member, but you can browse every idea that has ever been posted there with a 90-day delay. This is where you can learn what the depth and rigor of your research needs to be. Writeups there are posted by diehard value investors, not academics, who put their money where their mouths are.

How do you start? What stocks do you begin analyzing first? Recently I was asked this question by a fellow who had undergraduate and graduate degrees in aerospace engineering. What do you think my answer was? I said “You probably know more than most people your age about the aerospace industry. Create a map of the industry and then learn about each company in the industry.”

If you got yourself through college working at a restaurant, and if you are not sick of it, restaurants and food distributors would be a great place to start. It is easier to start analyzing something you already understand. By doing so you are removing an extra layer of complexity involved in learning the physics of an industry.

Embrace ambiguity. When you solve physics problems you expect the answers to extend several digits beyond the decimal point. Physics is an exact science. In investment classes you were given precise inputs to punch into mathematical models and thus were expected to spit out exact answers. But unlike the inputs you were given in your classroom problems, real-world inputs are imprecise; indeed, they can be downright hairy. Thus heed John Maynard Keynes’ advice: “I’d rather be vaguely right than precisely wrong.” Vague rightness comes from understanding how things work and the relationships among variables.

Learn to say I don’t know. You cannot be expert in everything. Someone who has an answer for everything probably knows very little. Saying I don’t know when you don’t know requires honesty and self-confidence, and it opens doors for learning.

Make investment friends. My life over the last twenty years has been enriched by having great investment friends around me. Today my investment friends are really just my friends, with whom I share and debate stocks, though we also talk about what your normal topics – family, kids, etc. Investing doesn’t have to be a solitary, sterile journey; in fact it should not be one. Every investor, without exception, will go through a period where he or she feels like a complete idiot – the market will do this to you at times (trust me on this one). If you have surrounded yourself with the right (humble, non-arrogant, empathetic, pull-you-up and never-push-you-down) investment friends, they’ll provide the support that will help you cope with this difficult time. Also, if you surrounded yourself with friends who are smarter than you, then you’ll have an endless opportunity to learn from them.

Here are some books that I’ve found helpful.

I’d start with Fooled by Randomness, by Nassim Taleb, which will make you deeply appreciate the role randomness plays in investing.

There are a lot of books written by about Buffett, but my favorite is still The Essays of Warren Buffett, Buffett’s annual reports edited into a book by Lawrence Cunningham. Then there’sPoor Charlie’s Almanac, if you want to understand the second half of Berkshire Hathaway – Warren Buffett’s partner, Charlie Munger – which also includes Munger’s speeches.

Thomas Sowell’s Basic Economics has taught me more about economics than all my economics classes combined.

Margin of Safety, by Seth Klarman – one of the most brilliant investors of our time. Though the book is out of print, you can find it online if you’re resourceful. If you fail to find Margin of Safety, Howard Marks’ The Most Important Thing Illuminated is also filled with Klarman-like wisdom.

I was a big fan of the Little Book series long before I wrote a book for that series. However, the process of writing one made me appreciate the series even more. These books are usually written by great thinkers and practitioners (we’ll exclude yours truly), who often have taken their “big” books (as I did) and simplified and condensed them into smaller, more accessible works. This process of simplification and condensation forces you to keep what matters the most. My two favorite books in is series are The Little Book of Behavioral Investing, by James Montier, and The Little Book That Builds Wealth, by Pat Dorsey.

Reminiscences of a Stock Operator, written in 1923 by Edwin Lefevre, tells from a first-person perspective the fictionalized tale of the early years of the great trader Jesse Livermore. It is rumored that this book was actually written by Jesse Livermore and edited by Lefevre.

Though traders and value investors fish in the same pond – the stock market – and may even catch the same fish at times, their approaches and analytical timeframes are diametrically different. However, they do share a common element: Both activities are carried out by humans and thus are impacted by emotions. Reminiscences provides a great introspective look inside a trader’s mind and teaches many behavioral and common-sense lessons. My favorite edition is the one annotated by my friend Jon Markman. Jon’s annotations are like a book within a book; they take you behind the scenes of Lefevre’s story and give important insights into the key characters and the backdrop of that very interesting time period.

This is anything but a complete list, but it’s a good start for learning about investing.

I don’t want to end with empty platitudes, but I’d be remiss if I didn’t stress the importance of having an unstoppable, insatiable thirst for knowledge. Learning doesn’t cease when you graduate from university; it continues and never stops. As I look at my investment role models, all them, without exception, have that quality. If you don’t have that thirst, cut your losses and find another career or hobby.

A value investor needs to have a growth mindset.

By Vitaliy Katsenelson

Can technical analysis tell if Game Stop is a buy and what are we looking for?

First, we can see that the volume is rising along with the price. In general, this is a good sign. We can also tell that the volume has been much higher previously, so historically there is more momentum left.

Furthermore, we can tell from the accumulated volume (grey bars to the right that the stock currently will meet some resistance. We can also tell from lack of support before $150 below that the stock could fall hard.

The stock holds a buy signal from a long-term moving average and will also give a buy signal from a short-term moving average if the stock continues up today. From analysis found at our site, we can tell that the stock is moving up from a low RSI14 position, which along with the rising volume is yet another good indicator.

So how do we sum this up? From a technical point of view, there is a higher chance for the stock to continue to rise over the next few days than decline. Our automated algorithms currently rank Game Stop as a buy candidate with a score of 4.10.

Remember that a chart only reflects the investor mentality and never the actual fundamental value of a stock.

First posting here and this may have been mentioned:

Suggestion if you are struggling with trading:

Learn to sell options contracts. It is slow but steady income. It can be weekly income should you choose an equity with weekly options contracts (recommended).

This is a simplified explanation. If you are not familiar with selling options contracts, there are endless resources on the internet that will explain the process in depth. I suggest reading and/or watching a variety of these resources to get a full and complete understanding of the process.

Note: There are drawbacks to selling options yet it is the safest way, in my opinion, to generate profit with low risk. To mitigate risk only sell "Covered Calls" meaning you must own 100 shares of the equity (the technical term for "stock".

My favorite trade: FUBO, sell two strikes out-of-the-money (OTM) on a weekly basis.

Why did I take the time to share? I have been trading for a few years and have experienced struggles that happens to every person who chooses to enter the market blindly. Selling options and exercising patience has alleviated a lot of stress from a hobby that should be enjoyable.

There are many, many ways to profit from stock trading. This strategy has turned my trading into an enjoyable and profitable hobby. I only sell covered calls and I reinvest my profits into accumulating additional shares. Once I reach 100 shares I can then begin selling covered calls on those shares.

I sincerely hope somebody on this forum finds this to be helpful. It was on a forum such as this one that I too first learned of this strategy. I am attempting to pay it forward.

What are Growth Stocks vs Value Stocks?

Definition
Growth stocks are stocks that come with a substantially higher growth rate compared to the mean growth rate prevailing in the market. It means that the stock grows at a faster rate than the average stock in the market, consequently generating earnings at a faster rate.

Value stocks are stocks that are being traded at a value lower than their intrinsic value. It basically means that such stocks are undervalued. Undervalued stocks are traded at a price lower than their true value.

Pricing
Growth stocks are often relatively correctly valued or sometimes even overvalued, because of their significantly high growth rate. Hence, they are higher priced in the market. The act of investing in growth stocks is known as growth investing, i.e., investing in stocks that experience continued growth.

Value stocks are undervalued stocks that have the potential to grow and generate returns in the future substantially. Hence, they are priced much lower than similar stocks in the market. The act of investing in value stocks is known as value investing, i.e., investing in stocks that are undervalued but with the potential to generate revenues when the market corrects its price.

Investment Metric Ratios and Risk
Growth stocks come with higher metric ratios, like P/E ratio, P/B ratio, and earnings per share (EPS). Growth stocks carry relatively lesser risk because their growth rate is high and increasing. They are relatively less sensitive to adverse economic conditions than the overall market. Hence, growth stocks are relatively less risky investments.

Value stocks come with lower metric ratios because they are undervalued. Value stocks are expected to gain value eventually when the market corrects their prices. In the unlikely event that the stock doesn’t appreciate in value as was expected, investors can lose their money. Hence, value stocks are relatively riskier investments.

Business Profile and Dividends
Growth stocks are usually up-and-coming companies. Such companies usually introduce something new and innovative to the market and are growing increasingly, owing to their unique selling proposition (USP) and competitive advantage.
Growth stocks usually pay very little or no dividends at all. It is because such companies usually follow a reinvestment protocol wherein they reinvest all their retained earnings back into the company.

Value stocks are usually large, well-established companies that are undervalued for a variety of reasons, such as negative PR, a bad earnings season, and so on, but eventually gain back value in the long term. Value stocks usually pay dividends well and don’t reinvest the entirety of their retained earnings back into the company.

Types of stock: What to know about blue chip, penny, growth, income, and value stocks

At a glance:
Blue chip stocks
Penny stocks
Growth stocks
Income stocks
Value stocks
Industry-type stock
Summary of types of stock

Practical ideas you can start with today
As an investor, you will come across different terms applied to types of stock.
Terms such as "blue chip," "penny stock," and "value stock" are descriptive of classes of stock and are intended to help the investor infer how this type of stock will perform in the investor's portfolio.
As an educated investor, you need to know what is meant by these terms and how they relate to your own investment objectives.

Blue chip stocks
The term blue chip comes from poker, where traditionally the blue chips carry the highest value. Large, established firms that are considered high-quality, dividend-stable, and financially solid are sometimes referred to as blue chip stocks.


Blue chip companies are leaders
These firms are leaders in their industries and are considered likely to grow for a long time. Because of this, they often set the standards by which other companies in their fields are measured. Well-known blue chips include IBM, Coca-Cola, General Electric, and McDonald's.
The Dow Jones Industrial Average comprises 30 blue chip stocks. Blue chips are also included on the S&P 500 and NASDAQ indexes. These make up a significant portion of the total market value of stocks listed on the New York Stock Exchange.

Who seeks blue chips?
Investors who seek investments that tend to pay steady dividends and that also grow are attracted to blue chip stocks.
These stocks can be priced high because of their demand and attributes, have relatively low volatility, and deliver a steady stream of dividends. The main downside is that, since they are so large, they may not grow as quickly when compared to smaller, up-and-coming stocks.
Remember, stock investments have an element of risk. High-quality stocks may be appropriate for some investment strategies. Ensure that your investment objectives, time horizon, and risk tolerance are aligned with stocks before investing, as they can lose value.

Penny stocks
Penny stocks are low-priced, speculative stocks that are very volatile. They are the lowest of the low in price. Many stock exchanges do not trade them.
How to identify them
Penny stocks (also called designated securities) have the following specific qualities:
They sell for less than $5.
They are sold over the counter (but not on the NASDAQ).
Their companies have $2 million or less in net tangible assets.

Where to find them
They are listed on the Pink Sheets, which lists them daily. Before a broker-dealer may buy and sell penny stocks for a non-established customer, he or she must document the customer's suitability and get a written agreement for the first three purchases.

Why investors like them
The appeal of penny stocks comes from their low prices. Though the odds are against it, if the company that issued them suddenly finds itself on a growth track, their share price can rise rapidly. These stocks are popular among small speculators.

Growth stocks
Growth stock is stock that is expected to appreciate in price. The earnings of the issuing company may grow faster than average.
Companies that have strong, steady growth and high profit margins are considered growth companies.

Don't count on dividends
Growth stocks pay few, if any, dividends, because profits are put back into the company to finance its continued growth. Investors who can forgo dividends, who can tolerate greater volatility, and who can be patient may be attracted to growth stocks. This is one example of when investors may employ a buy-and-hold approach.
Some sectors of the economy that experience growth are high technology, pharmaceuticals, and telecommunications.
It’s important to remember that stock investments have an element of risk. High-quality stocks may be appropriate for some investment strategies. Ensure that your investment objectives, time horizon, and risk tolerance are aligned with stocks before investing, as they can lose value.

Income stocks
Income stocks are those stocks that tend to pay higher-than-average dividends over a sustained period. Large, established companies with stable earnings tend to issue them. Utilities and telephone companies are good examples of companies that are considered to have income stocks.

Who buys them?
Income stocks are popular with investors who want steady income for a long time and who do not need to prioritize large growth in their stocks' value (though some growth does occur). In this sense, investors who choose them have something in common with bondholders. Income stocks can actually be more profitable than bonds.
To try to maximize income, some investors will even seek out companies that frequently raise their dividends and are not saddled with debt.
Value stocks
A value stock is a stock that is currently selling for a price believed to be lower than it should be selling for.


More about value stocks and value companies
Companies that have good earnings, growth potential or other signals of strength but whose stock prices do not reflect this are considered value companies.
Both the market and investors may be largely ignoring their stocks. Investors who buy value stocks believe that these stocks are only temporarily out of favor and will soon experience a value correction in the market.
Factors such as new management, a new product, or operations that become more efficient may make a value stock grow quickly.
Many companies alternate between value and growth – it is a part of the business cycle. Value stocks are attractive to investors who watch markets carefully for undervalued stocks they feel will move upward.
Remember, stock investments have an element of risk. High-quality stocks may be appropriate for some investment strategies. Ensure that your investment objectives, time horizon, and risk tolerance are aligned with stocks before investing, as they can lose value.

Industry-type stock
These stocks are worth noting:

Defensive stocks
Defensive stocks are those whose prices stay stable when the market declines; some even grow. Industries that naturally do well during recessions issue them.
The general idea is that consumers continue to spend money on their basic needs (food, clothing, etc.) and decrease spending in other areas (luxury items, travel, etc.). Debt collection companies also tend to perform well when the market turns sour.

Cyclical stocks
Cyclical stocks are stocks that move up or down in sync with the business cycle. Examples include the housing industry and industrial equipment companies, because these companies serve the needs of growing economies.
Investors who do not mind buying and selling as the market fluctuates may like cyclical stocks. Individuals who prefer to hold a stock for a long time may not like them, unless they can weather ups and downs in the stock's value.

Gold stocks
Gold stocks are the stocks of gold mining, exploration, and production companies. Their value moves up or down with the price of gold.

Treasury stock
Treasury stock is stock that has been bought back by the company that issued it. Companies may buy their stock back from investors because they believe it is underpriced on the market, want to consolidate ownership, or improve their financial ratios.
The company can then set aside the stock for future uses such as debt payment or the awarding of stock options.

Summary of types of stock
Doing research before investing is important to a successful portfolio. It is wise to know the investment objectives of different types of stock.
When searching financial literature about different companies, it’s important to know how investors and advisors have classified their stock so you can make an informed investment decision. Different types of stock play different roles in meeting investment objectives.

Question
If a company pays 3.4% dividend. Does it mean you will receive 3.4% of the no of shares you have?

Answer
3.4% dividend yield means they paid 3.4 % of the share price per share

Let’s say the share price is $100 and they paid $10 per share. That’s a 10% dividend yield. Of course share price fluctuates a lot so the yield changes with it. The best estimate of dividend you will receive is knowing real dollar amount per share paid out. Then that’s makes it easier, you just multiply it by the number of shares you have

Unsettled cash can be used to buy stocks immediately but can't be withdrawn immediately

Also, if you sell off stocks u bought with unsettled cash without waiting for it to settle , you have made a good faith violation and once you make 3 good faith violations u won't be able to buy stocks with unsettled cash for 90 days.

Good morning

A friend was able to quadruple his portfolio in the first 6 weeks of this year. He was almost within a touching distance of 6 figures.

He slowed down due to a downturn in the market. If you have a working process, disciplined, good strategy and also accountable to yourself (or even accountability partners), it is possible to compound your money in months.

Of course luck plays a part, as it does in every walk of life.

However it is risky with stocks for newbies or people not so grounded with technical oo... Even dey stay away from m cos it portends over trading and you'll just be making trading platforms a richer when you consider how much you pay each time you enter and exit trade


More so u may take 20% from stock A hoping to make another 20% from stock B and den tins go south and so u become a bag holder ie u make from A only to lose to B and so on... It's a gamble trust me. Reason why long term is still d best bet but den in a bear market like we've experienced, long term becomes questionable bt if u ask me, I'll still say long term is still d best bet

Lastly take for eg u make 20% off stock A and den u exit to stock B. I'll tell u something av noticed in stocks which u don't see in forex n little in crypto. All tins being equal, wen a stock starts moving, she moves in dt trajectory till it crosses 50, 100, 200%, 500%, 1000% before shedding some weight to den continue surging.


So imagine this. You leave at 20% to go romance another. So this one you left continues surging to 50, 100, 500%. The one you jumped on thinking its gone make u another 20% starts dipping so u lose your 20%, while dis you left continues surging. And so you start regretting and wishing you had stayed a little longer

Friends, if you ask me, I'll say LONGTERM is still the way to go esp as a newbie or middlenewbie if there be a word like that

LauraClasikVibe:
A friend was able to quadruple his portfolio in the first 6 weeks of this year. He was almost within a touching distance of 6 figures.

He slowed down due to a downturn in the market. If you have a working process, disciplined, good strategy and also accountable to yourself (or even accountability partners), it is possible to compound your money in months.

Of course luck plays a part, as it does in every walk of life.

Poor vs. Rich: The Mindset Difference

11 Habits that Will Make you Rich


1. Cut the Excuses

Stop making excuses and get to work.

How to stop making excuses:

- Fail forward
- Embrace fear
- Set realistic goals
- Live with moderation
- Stop comparing yourself
- Stay focused on the long term

With excuses, the only person you're lying to is yourself.


2. Understand Basic Financial Concepts

Lack of financial literacy cost American adults $415 Billion in 2020 alone.

Financial literacy helps you:

- Earn
- Save
- Build
- Invest
- Protect

The rich get ahead and stay ahead because they understand basic financial concepts.


3. Adopt Delayed Gratification

Give up a little today for a better tomorrow.

Why delayed gratification works:

- Self-control
- Higher-income
- Improved savings
- Increased fulfillment
- Increased emotional health

To be a millionaire, think like a millionaire.


4. Pay Yourself First

A whopping 21% of Americans have $0 in savings.

Why you need to pay yourself now:

- Peace of mind
- Financial stability
- Decreased spending
- Build emergency savings
- Increase your retirement savings

Invest today for a better tomorrow.


5. Slash the Bad Debt

47% of American adults carry credit card debt.

Why credit card debt is bad:

- Increased stress
- Lowers credit score
- Decreased cash flow
- Pay extra fees & charges

If you carry credit card debt, you're robbing your future self.


6. Outwork the Competition

Elon Musk's mantra is to outwork the competition.

That means you must believe in:

- Yourself
- Your values
- Your ability to deliver

If you want something bad enough, then you'll work for it hard enough, even if the conditions don't seem favorable.


7. Know Your "Why"

If you work for money, then you're doing it wrong.

- The wealthy work to improve
- The poor work for the paycheck

Work for your purpose:

- Work to grow
- Work to build
- Work to learn

Protect your purpose and your purpose will protect you.


8. Find a Quality Mentor

The fastest way to wealth is learning from the wealthy.

Benefits of a mentor:

- They guide
- They inspire
- They navigate
- They brainstorm
- They ignite change

Mentors unlock your true potential within.


9. A Healthy Mind Lives in a Healthy Body

76% of millionaires exercise and care for their health.

Practice these habits:

- Eat healthy
- Drink water
- Exercise daily
- Meditate daily
- Avoid negative people

You can't enjoy your wealth if you're in bad health.


10. The Early Bird Gets the Worm

Crush your goals in the morning.

Carry the momentum into the evening.

Waking up early improves:

- Mental fitness
- Sleep quality
- Productivity

"Early to bed, early to rise makes a person, healthy, wealthy, and wise."


11. Start Now

If you want to get something done, do it now.

Tips to kill procrastination:

- Break down large tasks
- Celebrate the small victories
- Write down your future goals
- Find an accountability partner

There is no such thing as the perfect time.

Start now.

Please mod kindly unban the op

By Yazga

Below are the Trade Ideas for March 30th 2021

The Market:
Futures flat right now with S& and Nasdaq slightly red.
Imo we’re coming close to a reversal of tech and growth sectors, visual on QQQ is in inverse head and shoulder pattern and can see breakout when it breaks the downtrend. Key support is going to be at ~$308 for pattern to stay intact.

On SPY, closed above key level at $395.5, on a green open should continue to act as support with next support levels at $393, $391. Next resistance levels $398, $400.

 
Swing Plays for Today:
*Reminder: my buy/sell alerts is just what I’m doing and should just be used for ideas. Not every entry/exit will be perfect timing.

$VIAC & $DISCA: both plays from institution liquidations, share prices have obviously been overinflated but after the drop are down to healthy levels. Heavily oversold and both companies are larger-caps, so should get bought up and bounce here imo. Watching support levels $43 on VIAC, $40 on DISCA to hold for reversal.

$AMD: watching if it can break the short-term downtrend, has room for the breakout up to $80-85 range. Would stay away if it can’t breakout in the next 1-2 days since that would look likely for a breakdown and gap down below $74.

$MARA: if BTC continues momentum MARA can see a breakout up to past highs at $50. Tough one to swing since anything can happen with crypto overnight, higher risk/high reward play

$AAPL: coming close to end of descending triangle, if it breaks out can see quick to $125. $120 is key support to hold

$ROOT: watching this one closely, has 40% short float and will see breakout and likely squeeze on a break above $15. Potential bounce area $12-13 range

$IRDM: should get buying pressure from ARKX (4.2% of ETF), more of a mid-cap company at about $5B but smaller cap than any of the other top holdings. Targeting $42 as first target and on a break above can see a gap-up to $45

$TRMB: Looking like it’ll be the top holding in ARKX at about 8.5% of ETF, should give it lots of buying pressure over the next couple days. Targeting $80-85 on swing. Has been holding 200 MA as support on 4hr

$EH: coming close to end of descending triangle, $30 is gonna be key support to hold and can break out towards $40 on the break of downtrend.

 
Day Trade Setups for Today:
*Reminder: Day-Trading is very risky and only for those who understand the risks and how to read technical analysis!
$PLTR:
Long Above 22.06 Targets: 22.34, 22.86
Short Below 21 Targets: 20.76, 20.60, 20.25, 20.12
(Big buyer at 21 on ARCA INET)

$SLV:
Long Above 23.06 Targets: 23.25, 23.26
Short Below 22.47 Targets: 22.25, 22.04, 21.75, 21.50

$NIO:
Long Above 36.20 Targets: 36.50, 36.73
Short Below 34.80 Targets: 34.50, 34.39, 34.22, 34, 33.28, 33.10

$IQ:
Long Above 17.50 Targets: 19.92, 18.03
Short Below 16.50 Targets: 16.32, 16.09, 15.87, 15.54, 15.18, 14.52

Bid/ask

The bid price refers to the highest price a buyer will pay for a security. The ask price refers to the lowest price a seller will accept for a security. The difference between these two prices is known as the spread; the smaller the spread, the greater the liquidity of the given security.

As the current price represents the market value of a financial instrument, the bid and ask prices represent the maximum buying and minimum selling price respectively.

*************************************************
A dividend trap is a company offering a good yield that you can picture yourself retiring on. Behind that high yield, there is a company with a flawed business model. Be careful with them.

By Yazga

In the school system,


Anything from 70 and above is "A"


If I score 70,


And you score 80


And another scores 95


We all have A



One "mistake" people make in stocks is trying to get "perfect price entry"


They want to get at least 90 before they know the have an A


If I buy a stock at $12.30


And you wait for the dip and buy that same stock at $10


And another waits again and buys the dip at $8



If that stock then rallies to $27,


"We all have A"


At times, trying to get "perfect entry" would make you lose out on a great stock


And you then begin to FOMO once you see it rallying


"I should have bought" then becomes your song



Don't wait for a "perfect timing"


Time in the market > timing the market


"If you have 70, you still have A" 


"Don't wait for 95 before you know you have an A"

By Yazga

The Ten Commandments of Dividend Investing:

1. Thou Shalt Not Covet Thy Neighbor’s Yield.

2. Thou Shalt Always Reinvest Dividends.

3. Honor Thy Tax Implications.

4. Honor Thy Payout Ratio.

5. Thou Shalt Understand Foreign Dividends.

6. Thou Shalt Not Bear False Witness Against High Yields.

7. Thou Shalt Favor Companies That Raise Their Dividends Consistently.

8. Thou Shalt Not Make Dividends Thy Only Priority.

9. Thou Shalt Be Wary of Value Traps.

10. Thou Shalt Be Mindful of Special Dividends.

Yazga

The Market:
Futures pretty flat as of now with both S&P and Nasdaq up about 0.1%. Nasdaq still consolidating within descending triangle with $308 as key support and can breakout above ~$316.

$SPY closed below $395.5 which has been acting as key resistance level this week, on a break and hold above can see $398 as next resistance. Watching support levels $393, 391, 389

Swing Plays for Today:
*Reminder: my buy/sell alerts is just what I’m doing and should just be used for ideas. Not every entry/exit will be perfect timing.

$RUN: testing breakout out of wedge, if it breaks can run quick to $65 as first target. Sector getting hot off Biden news on clean energy credits.

$PLTR: starting to test breakout out of falling wedge, has catalyst of their next ‘demo day’ on April 14th. Watching to see if it can fully break falling wedge for a run back to $25 in the next couple weeks. Good price on late April/May calls, swinging options still risky in this market until reversals get confirmed


$NVTA: potential double bottom off $32 support, has short-term upside back up to $40 if reversal continues.

$CCIV: double bottom off $21, still in overall bearish head & shoulders pattern but can see more upside and potential breakout above $26, watching that level as key resistance


$NEE: watching for potential wedge breakout and momentum off clean energy sector. Has room up to $80 if breakout plays out. Cheap options as well


Day Trade Setups for Today:
*Reminder: Day-Trading is very risky and only for those who understand the risks and how to read technical analysis!
$VIPS:
Long Above 32.27 Targets: 32.50, 33, 33.43, 34, 34.50,35, 35.94
Short Below 31 Targets: 30.71, 30.49, 30.26, 30, 29.80,28.68, 28.43
$TME:
Long Above 22.50 Targets: 22.86, 23, 23.50, 24, 24.38
Short Below 20.80 Targets: 20.58, 20, 19.82
$XPEV:
Long Above 35 Targets: 35.39, 35.73, 36, 36.50,36.94
Short Below 32.80 Targets: 32.50, 32.25, 31.93
$MARA:
Long Above 44 Targets: 44.25, 44.67, 45.20,45.74, 46.14
Short Below 42 Targets: 41.50, 40.95, 40.39, 40, 39.50
$CAN:
Long Above 21.25 Targets: 21.61, 21.96, 22.31, 22.63
Short Below 20 Targets: 19.50, 19.16, 18.81, 17.50, 17, 16.68

Day Trade Setups for Today:
*Reminder: Day-Trading is very risky and only for those who understand the risks and how to read technical analysis!
$VIPS:
Long Above 32.27 Targets: 32.50, 33, 33.43, 34, 34.50,35, 35.94
Short Below 31 Targets: 30.71, 30.49, 30.26, 30, 29.80,28.68, 28.43
$TME:
Long Above 22.50 Targets: 22.86, 23, 23.50, 24, 24.38
Short Below 20.80 Targets: 20.58, 20, 19.82
$XPEV:
Long Above 35 Targets: 35.39, 35.73, 36, 36.50,36.94
Short Below 32.80 Targets: 32.50, 32.25, 31.93
$MARA:
Long Above 44 Targets: 44.25, 44.67, 45.20,45.74, 46.14
Short Below 42 Targets: 41.50, 40.95, 40.39, 40, 39.50
$CAN:
Long Above 21.25 Targets: 21.61, 21.96, 22.31, 22.63
Short Below 20 Targets: 19.50, 19.16, 18.81, 17.50, 17, 16.68
$CHWY:
Long Above 90.50 Targets: 91, 91.50, 92, 92.50, 93
Short Below 88 Targets: 87.50, 85.70, 85, 84.62
$AMD:
Long Above 77.20 Targets: 77.51, 77.74, 78, 78.50
Short Below 75.50 Targets: 75.06, 74.50, 74.26, 74.09
$NIO:
Long Above 39 Targets: 39.39, 40.06, 40.50
Short Below 37.50 Targets: 37.24, 36.94, 36.71
$MU:
Long Above 88 Targets: 88.31, 88.54, 89, 89.50, 90, 90.28
Short Below 86 Targets: 85.46, 85, 84.54, 84.37
$AAPL:
Long Above 122.50 Targets: 122.81, 123, 123.75, 124.50
Short Below 121.25 Targets: 120.75, 120.58, 120.32, 120.18, 120.04, 119.76

Yazga says...

Safe Swing Trades :
Morning Communiqué:
Good Afternoon Investors/Traders!

Welcome to all our new family! We are so excited to have you join us! With it being April 1st, I thought posting a fake chart and saying $SNDL or $VISL just declared bankruptcy, but as fun that might have been, I did not want to risk inadvertently causing people to make trade moves based on wrong information! So, I will just have to wish you all a wonderful April Fools and allow you to each enjoy it as you deem so! I did have a bit of a scare yesterday when my computer “Blue Screened” on me due to the heat here. I am actively working to get this AC replaced in my office, but the lockdown and pandemic is really bringing everything to a halt.

I am going into today cautiously optimistic! It appears that we have begun the reversal and recovery.

FINALLYY! I know a lot of people are holding bags. Just remember, I have seen a market slowly bleed off over the course of a month or two only to recover in a day or two! The marked it a wild rollercoaster of emotions and psyche and manipulated to get you to become discouraged and give up your positions. I know that there are several lawsuits going on right now due to all the counterfeit share selling also known as “naked short selling” and this practice has been pulling down many good company’s stocks.
Don’t forget to look over the list of investment stocks at the bottom of the post as many of the longer-term investments are now at a steal of a price!

Finally, I posted a challenge to all! I’m want to post a Telegram link soon (but the moderators will ban me) that will have access to a very large trading library! Invite anyone you know who is interested in trading, to our room anyone can open it make it Public channel so they can have access too! I’ll make a deal! If we hit 1,200 people in this room, I’ll post the link to the library I have been working on compiling over 600 Books! Can we do it? I’ll post the group link below!


Guys, Have an awesome day and Safe Trading!
Your Friend and Fellow Trader,
Yazga Safe Trades!

 
The Market:
S&P futures up about 0.05%, Nasdaq futures up about 0.3% as of now.
- Nasdaq broke out of descending triangle yesterday, market could be due for a small pullback after the big moves yesterday but looking overall bullish. Next resistance levels on Nasdaq for more upside at $323 and $325.

- SPY broke above key resistance at $395.5, double topped at $398. $395.5 should act as new support and can see a breakout above $398 for potential run up to $400+ hitting new highs.
 
*Reminder: my buy/sell alerts is just what I’m doing and should just be used for ideas. Not every entry/exit will be perfect timing.


$DIS: consolidating at trendline support, has room for a bounce back up to $200. Would stay away if $180 doesn’t hold

$UPWK: breaking out of descending triangle, can see more upside on a move above 50 & 200 MA’s right at about 45.5. Short-term upside towards $50

$ROOT: cup and handle setup, can see $15 on break of downtrend and overall breakout happens over $15. 40% short float so can run fast if it gets going

$BABA: sitting right at key support level at $226, if it can bounce here has short-term upside back to $240 and a break above that can go to $250.

$CMG: Forming inverse head & shoulders, support at $1400, resistance at $1500 which is the breakout level. On a breakout can see all-time highs.

$PZZA: consolidating between $85 and $90, watching for the breakout over $90 and if so can fill the gap towards $100

$SNDL: Conslidating and has found support at 1.06. The BB’s are narrowing and we could see a break out soon.

Technical Charts for Swing Plays:

Day Trade Setups for Today:
*Reminder: Day-Trading is very risky and only for those who understand the risks and how to read technical analysis!
$FCEL:
Long Above 15.50 Targets: 15.75, 15.87, 16
Short Below 15 Targets: 14.91, 14.75, 14.66, 14.58, 14.49
(Large seller at 15.50 on the ARCA books)
$MU:
Long Above 92 Targets: 92.25, 92.50, 92.74, 93, 93.50, 94.87
Short Below 91 Targets: 90.62, 90.37, 90, 89.51, 89.21
$AAPL:
Long Above 124 Targets: 124.54, 124.87, 126, 127
Short Below 122.25 Targets: 121.93, 121.72, 121.50, 121.03
$XPEV:
Long Above 39 Targets: 39.25, 39.52, 39.75, 40
Short Below 38 Targets: 37.61, 37.29, 37.03, 36.77, 36.50
$QS:
Long Above 52 Targets: 52.25, 52.50, 53, 53.50
Short Below 50 Targets: 49.50, 49, 48.40, 48, 47.50
$LI:
Long Above 26.25 Targets: 26.50, 26.77, 27, 27.50, 27.87
Short Below 25.46 Targets: 25.30, 25.15, 24.85, 24.70, 24.56
$AMD:
Long Above 80 Targets: 80.25, 80.66, 81.18
Short Below 79.50 Targets: 79.22, 78.98, 78.74
$RIOT:
Long Above 55 Targets: 55.43, 56.11, 57, 57.59
Short Below 53.50 Targets: 53, 52.80, 52.42

What is a Markdown?
Markdown refers to the negative spread between the price a broker charges a client for a security and the highest price at which that security is sold between brokers. It is the opposite of markup.

Markdown Example
If a broker wishes to increase his sales volume in a security or set of securities, he may choose to sell them at markdown prices. In other words, if a broker sells a security to a client at a lower price than the highest bid (selling) price in the securities market among brokers, the price is a markdown price. 

To illustrate, suppose a broker sells shares of XYZ stock to his clients at $20 per share. He originally purchased the shares in the broker market at $40 per share. Therefore, the markdown on the shares he sells is -$20 ($20-$40).

Markdown should not be confused with markup, which is the positive spread between the lowest bid price in the brokers market and the higher price a broker charges to clients. 

Why Markdowns Matter
The motivation for a broker to sell securities at markdown prices is to kindle trading activity among clients in the hopes that the multiple commissions on a higher sales volume will offset money lost in the negative spread.

*GOOD COMPANIES DON'T ALWAYS MAKE GOOD STOCKS*

I was recently going through a new client’s portfolio and found it full of the likes of Coca-Cola, Kimberly-Clark and Campbell Soup — what I call (pseudo) bond substitutes. Each one is a stable and mature company. Your mother-in-law would be proud if you worked for any one of them. They have had a fabulous past; they’ve grown revenues and earnings for decades. They were in their glory days when most baby boomers were coming of age. But the days of growth are in the rearview mirror for these companies — their markets are mature, and the market share of competitors is high. They can innovate all day long, but consumers will not be drinking more fizzy liquids, wearing more diapers or eating more canned soup.

If you were to look at these companies’ financial statements, you’d be seriously underimpressed. They paint a stereotypical picture of corporate old age. Their revenues haven’t grown in years and in many cases have declined. Some of them were able to squeeze slightly higher earnings from stagnating revenue through cost-cutting, but that strategy has its limits — you can only squeeze so much water out of rocks (unless someone like 3G Capital takes the company, sells its fleet of corporate jets and starts mercilessly slashing expenses like the private equity firm did at Budweiser and Heinz). These businesses will be around ten years from now, but their profitability probably won’t be very different from its current level (not much higher, but probably not much lower either).

However, if you study the stock charts of these companies, you won’t see any signs of arthritis; not at all — you’ll have the impression that you’re looking at veritable spring chickens, as these stocks have gone vertical over the past few years. So this is what investors see — old roosters pretending to be spring chickens.

Let’s zoom in on Coke. Unlike the U.S. government, Coca-Cola doesn’t have a license to print money (nor does it have nuclear weapons). But it is a strong global brand, so investors are unconcerned about Coke’s financial viability and thus lend money to the company as though it were the U.S. government. (Coke pays a very small premium to Treasury bonds.) Investors ignore what they pay for Coke; they only focus on a singular, shiny object: its dividend yield, which at 3 percent looks like Gulliver in Lilliput (fixed-income) land.

And as investors do so, they are ignoring an inconvenient truth: They are paying a very pretty penny for this dividend. Coke is trading at 23 times earnings. This is not the first (nor will it be the last) time this has happened to Coke stock. Investors who bought Coke in 1998 were down 50 percent on their purchase ten years later and have not broken even for more than 15 years.

And this brings us to the problem with shiny objects: They don’t shine forever. Investors are paying 23 times earnings for a very mature business. Consumption of Coca-Cola’s iconic carbonated beverage is on the decline in health-conscious developed markets, and you can clearly see this in its income statement — sales and earnings have languished over the past decade.

Let’s say Coke does what it has not done over the previous decade and grows earnings 3 percent a year, despite the shift in consumer preferences away from sugar-powered and chemically engineered (diet) drinks. If at the end of this journey its price–earnings ratio settles to its more or less rightful place of 13 to 15 times, then jubilant Coke investors will have lost a few percentage points a year on Coke’s price decline. Thus the bulk of the dividend will have been wiped out by Coke’s P/E erosion.

Coca-Cola to some degree epitomizes the U.S. stock market. If over the next ten years, despite all the headwinds it faces, Coke is able to grow earnings at a faster pace than 3 percent and interest rates remain at current levels (so that the company’s P/E stays at the present “I want this 3 percent dividend at any cost” level), then its stock will provide a decent return. However, there is a lot of wishful thinking in this paragraph.

If interest rates rise and/or consumers’ tastes continue to shift from high-margin sugary drinks to low-margin (commodity) water, then Coke will be hit from both sides — its earnings will stall, and investors will take their eyes off its shiny dividend. Suddenly, they will see Coke for what it is: a 124-year-old arthritic American icon whose growth days are sadly behind it.

I am using Coke just to demonstrate the importance of differentiating between a good company (which Coke is) and a good stock (which it is not), and the danger of having an exclusive focus on a shiny object — dividends — when you are analyzing stocks.

By Vitaliy Katsenelson

It is very dangerous to catch a fallen knife. Some top loosers can turn to a parasites in your portfolio.
Before you buy a top looser check very well to know why the stock is loosing value.
$JE is an example of a fallen knife, the stock fell from $30, people were buying the dip, it keep falling, till it fell to $6 dollar. People were buying the dip at $6, the stock couldn't hold it value at $6. Within 3 weeks it turn to under $1 stock. Check the chart and the price action.
Do technical & fundamental analysis before you buy a top looser no matter how cheap the stock may be.
Treat every of your dollar with respect no matter how little.

And before you buy a top gainer look out for the catalyst that is driving the price up and classify it.
If is speculation they must be pull back, if is real growth stock catalyze by a genuine news it will run for days.

yazga:
Good evening!

Welcome to the thread that you would learn the ABC of investing in US stock market.

Firstly, we have the following app used in investing in US Stocks

* Choicetrade
* Passfolio
* Bamboo
* Chaka
* Etoro
* Fidelity
* Trove
* Trading212

Choice Trade is good too. But you start with $100 minimum. No commission on Trade. $10 Monthly maintenance fee.

Trading 212 is quite easy to open if you’re based in Nigeria. The tax number is not necessary (Nigerians). They just want to verify your name & address.

In terms of commission, they don’t charge anything at all. Compared to bamboo & the rest, you will be saving a lot of money on commission charges which is top notch, their interface is very understandable and updates real time.

In terms of deposit, unfortunately only gpay works for Nigerians. So you have to sign up google pay on your desktop (can’t download it in Nigerian Apple store). Then you set up your card etc. The gmail account must match the one you used for registration on 212. Deposit is cleared almost immediately. Another good thing with gpay is that you’re using your naira card to pay for dollars. You get charged at bank rate. In additon WalletAfrica comes in handy too

You can use the bank statement from your mobile app provided your house address is stated on it and it matches the one you registered on Trading 212 (Many have used it and was accepted).

PS: Fund your Trading 212 account with your Zenith Bank's card via Google pay. I believe they give the best rate compared to other banks.

And go get a $ dom account for withdrawal (not that you can't withdraw to a naira account, it best to have your money in $$$ and it's good for savings too), preferably a Zenith bank's dom account and it's zero minimum opening balance, (not trying to promote Zenith Bank, it's just that I opened a dom account with them last week and I wasn't required to deposit a minimum amount and I've had a savings account with them since 2019 and it's been a positive experience all through).

PS: On trading 212, only a passport is accepted as id document for residents of countries that aren’t part of the EEA (European Economic Area)

In terms of withdrawal, the money will be sent back to the card that you used on gpay. The withdrawal is done immediately but it can take some days to show in your account, depending on the bank you use. The dollars will be sent based on the bank exchange rate on that day to naira.

Flutterwave and the rest doesn’t work with 212 unfortunately. Only gpay. You can do a bank transfer from your Dom account but that can take days to clear.
Finally, Trading 212, is currently not on boarding any new customers because they are try to build their capacity to accommodate more customers


I use bamboo for now because there’s is more easier for a Nigerian based person. But if you have enough patience, you can try with 212
Trove and Bamboo use Drivewealth while trove is attached to ARM securities in Nigeria which allows for trading in Nigeria Stock Exchange (NSE) thereby eliminating the issues arising from sending trading request to BUY, SELL or STOP LOSS manually to brokers. It is also to note that upon registration & verification process the bank statement MUST match with the address you used for registration.e.g if your bank statement address states 1, Seun Osewa Str, Nairaland, when registering on the app it MUST be the same as your bank statement address. Choice Trade is good too.
Bamboo and trove have the following features
No minimum start up.
Yes!commission on Trade.
No Monthly maintenance fee.

⁠
The US stock market is open Monday - Friday, almost every week of the year. But what are the best times to trade stocks each day? ⏰
⁠
We thought we’d pull together this helpful grid, to show based on your country/time zone, what hours are typically the best to trade. Many people don’t realise you can actually trade in the pre-market (depending on the app you using?, which occurs for a few hours before the normal market open.
⁠
➡️ The first few minutes, even around 15 minutes at the open are usually volatile, so tread carefully here. Then 2 or 3 hours after the open, is when ‘lunch hours’ occur which is usually a time of lower volume and less squeezes happening. Things normally heat up in the final 2 hours approaching market close. ⁠
⁠
➡️ This is why during lunch hours, our trading group chat often goes quiet. If you’ve made a profit in the pre-market or at the open, you should protect those profits at all costs, and not over trade in the slower hours.
NextUp

HOW TO SET STOP LOSS

We have two methods of setting Stop Loss - [Automatic & Manual method]

What is Stop Loss?

-Stop loss is a trading tool designed to minimize the loss one can suffer in a trade by automatically liquidating assets [Close a trade or sell off], once the market reaches a particularly price.

-One can choose to go for the automatic method or use the manual method of stopping losses (I prefer the manual method)

So FOR EXAMPLE we traded $EXPR as stated in this signal above

That is we bought at 0.00000144 or at current market price and went for sell price 1 or 2 •••

And our stop loss is 0.00000137

••• Then after buying, you notice $EXPR is taking too long to hit sell price or the price keeps going down instead of going up, you're adviced to remain patient but if it goes down and goes below 0.00000137, you're advised to sell it off and move to another new stock

And also, you can still remain patient and continue observing because in stock trading here, no matter how low a trade goes, it will always come back up depending on a number of variables.

The only thing is it will take time..

And that's why "PATIENCE & HAVING AN INVESTOR's MINDSET IS IMPORTANT" in trading

So deciding how long you can wait for is up to you, like I'll always tell my students:- "make your own trading decisions and stick with it".

••• But that doesn't mean you should make canceling trades your hobby•••
You need to make sure the buy order has been successfully executed first

STEP 1:- You click on "Limit Order" under the sell column to reveal a dropdown of other options. - If your app uses it (mine doesn't)

STEP 2:- Then select
"Stop-Limit"

STEP 3:- Then you proceed to clear any price you may meet in the part, so you can input a new price.

STEP 4:- Then in the space for "Stop", you need to input a price that is a little above the actual Stop Loss price and that will serve as a price alert/trigger.

i.e for $EXPR, you can fill in 0.00000140 for "Stop(B)" and 0.00000137 for the "Limit(B)". This simply means you've instructed to App to trigger the Stop Loss if the price drops to 0.00000140 and that it should not allow the price go below 0.00000137 before selling it off.

0.00000137 is the actual Stop Loss Attached To the signal, 0.00000140 is what I used as a trigger alert.

STEP 5:- After step 4, you proceed to tap on 100% and then you click sell. Trading is not a get rich quick investment

I hope this helps, thank you for your time.

Finally, Join #Trove and we'll both get 500 shares of either Dangote Sugar or GT Bank FOR FREE. Sign up with my link on my signature.

Why are most of them requesting for my BVN at the point of registration? I tried registering on bamboo on Monday and they requested for my BVN, I contacted my banks afterwards to know if it's safe...they said I'm on my own.

Skyfornia:


Why are most of them requesting for my BVN at the point of registration? I tried registering on bamboo on Monday and they requested for my BVN, I contacted my banks afterwards to know if it's safe...they said I'm on my own.

Lol. They need to verify if you are who you said you are. There are laws against money laundering for example that guides their activities and the only way to ensure you don't break that law and go free is having to verify your BVN. If you could confidently gave them your account number I don't see why not BVN.

Kingdemu:
Lol. They need to verify if you are who you said you are. There are laws against money laundering for example that guides their activities and the only way to ensure you don't break that law and go free is having to verify your BVN. If you could confidently gave them your account number I don't see why not BVN.

Giving account number publicly doesn't pose any problem...but a lot has been said about disclosing BVN...why is my bank frowning at it??